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Started By
Message
re: Will Bitcoin be built under rather than on top of?
Posted on 2/7/14 at 4:22 pm to joshnorris14
Posted on 2/7/14 at 4:22 pm to joshnorris14
quote:
It matters because there are a lot of people that CAN and do read the code. If there are things in there that shouldn't be, its open for the entire dev community to identify.
And what authority has the proper checks and balances to verify???
1
Posted on 2/7/14 at 5:26 pm to JayDeerTay84
quote:
And what authority has the proper checks and balances to verify???
Everyone supporting the network?
Posted on 2/7/14 at 7:46 pm to ILikeLSUToo
quote:
Everyone supporting the network?
So you just take everyone's word for it? Is this the future?
Posted on 2/8/14 at 10:51 am to JayDeerTay84
A year or so ago a bitcoinista on this board posted about Apple offering a bitcoin App in its App Store saying it proved bitcoin is legit.
Two days ago Apple removed the app and is no longer including it in its store. LINK
Two days ago Apple removed the app and is no longer including it in its store. LINK
Posted on 2/8/14 at 12:03 pm to LSURussian
According to the article 120,000 people downloaded the app. Apple sold 125 million iPhones in 2012. I won't include iPad sales as many individuals may have purchased both devices, nor sales from other years, but the numbers indicate that there just weren't that many people running around thinking they wanted or needed to be able to conduct Bitcoin transactions on the fly.
Posted on 2/9/14 at 11:53 am to LSURussian
quote:
Blockchain's CEO, Nick Cary, noted that the company spent more than $100,000 developing the app. He said software developers are already working on making an HTML5 version that will work through all Internet browsers, including Apple's Safari. That would essentially render Apple's stand fruitless.
"They're on the wrong side of technology and history here," Cary said.
Until Apple comes out with its own mobile wallet solution
Posted on 2/9/14 at 2:06 pm to ZereauxSum
quote:It sounds more like visionaries at Blockchain were on the wrong side of history since they developed an app that was dependent on someone else's proprietary technology.
"They're on the wrong side of technology and history here," Cary said.
Posted on 2/9/14 at 9:44 pm to Poodlebrain
Isnt bitcoin way, way down due to recent thefts?
I thought that couldnt happen?
I thought that couldnt happen?
Posted on 2/10/14 at 8:45 am to joshnorris14
quote:If you had waited you could have bought over 6 times as many btc with the same amount of money when it hit $102 this morning on btc-e.
ETA: btc is down to $706 on btc-e now. Buy up, big shot.
Got in at $660
Or, is btc-e 'abandoned' now, too?
ETA: Here is the apparent reason for this morning's drop:
quote:LINK
In doing so, they found that transactions from its wallets were subject to "malleability" errors. This made it possible for incorrect transaction data to be registered on Bitcoin's master transaction ledger, the Blockchain. In theory, this makes it possible for theft or double spending to occur — something Bitcoin was supposed to be designed to prevent. The exchange did not say whether either had in fact occurred.
MtGox goes on to say that the glitch is a flaw in the Bitcoin protocol itself, and that it had "discussed [incorporating a fix] with the Bitcoin core developers and will allow Bitcoin withdrawals again once it has been approved and standardized."
And what is with the article referring to two guys as 'bitcoin core developers' as if they wrote the software???
quote:
In an IM chat with BI, Bitcoin developer Greg Maxwell, who correctly identified MtGox's hiccup on reddit before MtGox acknowledged the problem, says he and co-developer Pieter Wuille spoke with MtGox chief Mark Karpeles over the weekend.
This post was edited on 2/10/14 at 9:02 am
Posted on 2/10/14 at 8:58 am to LSURussian
quote:Someone was a motivated seller. I wonder who got the opportunity to buy at that price? It's not like there were large amounts offered at that price. Do you think the buying was on a first come first serve basis? Or were the Bitcoins made available to preferred traders? Maybe we can ask the btc-e regulators?
If you had waited you could have bought over 6 times as many btc with the same amount of money when it hit $102 this morning on btc-e.
Posted on 2/10/14 at 9:01 am to Poodlebrain
See my edit above. The article I linked was posted about 30 minutes earlier.
Posted on 2/10/14 at 9:03 am to Poodlebrain
quote:
quote:
If you had waited you could have bought over 6 times as many btc with the same amount of money when it hit $102 this morning on btc-e.
Someone was a motivated seller. I wonder who got the opportunity to buy at that price? It's not like there were large amounts offered at that price. Do you think the buying was on a first come first serve basis? Or were the Bitcoins made available to preferred traders? Maybe we can ask the btc-e regulators?
you could go read this thread if you were really interested: https://www.reddit.com/r/Bitcoin/comments/1xif4b/so_this_just_happened_on_btce/
some quotes:
quote:
Totally awesome. I just bought 300 USD bitcoins.
quote:
Me too. I saw the candle dip into the 100s and quickly entered some crazy bids. I'm going to take that $300 bitcoin with me to the moon!
quote:
I couldn't believe my eyes when I saw that happen. My lowest order was at $275, THANKS a lot panicky mystery guy with deep pockets that made a typo! Let us know who you are and I'll give you a handsome tip!
quote:
i just had a shite ton of buy orders go through.... at just above 100.....
Posted on 2/10/14 at 9:05 am to WikiTiger
and before y'all get all histrionic on MtGox trying to place blame on the protocol:
LINK ]Mt. Gox Blames Bitcoin – Core Developer Greg Maxwell Responds [Update: Further Technical Details]
LINK ]Mt. Gox Blames Bitcoin – Core Developer Greg Maxwell Responds [Update: Further Technical Details]
quote:
The Gox press release seems a little ‘spun’ to me. They portray characteristics of the Bitcoin system well known since at least 2011 (which even have their own wiki page ) as something new.
These characteristics are annoying but don’t inhibit basic operation. They are slowly being fixed – but fixing them completely will likely take years as they require changing all wallet software. Correctly-written wallet software can cope with the consequences, and I cannot understand why they would gate their withdraws on external changes.
Posted on 2/10/14 at 9:11 am to WikiTiger
I'm not sure what your purpose is for posting that link and those quotes. Is it to prove that bitcoin true believers will steal and cheat if they get a chance to do so? We already knew that....
I wonder if btc-e is in the process of reversing those transactions?
That exchange has now changed the low price of $102 on the 'bitcoinity.org' pricing page although it is still showing up on btc-e's own page.
I wonder if btc-e is in the process of reversing those transactions?
That exchange has now changed the low price of $102 on the 'bitcoinity.org' pricing page although it is still showing up on btc-e's own page.
This post was edited on 2/10/14 at 9:14 am
Posted on 2/10/14 at 9:13 am to WikiTiger
quote:
all histrionic
quote:
but fixing them completely will likely take years as they require changing all wallet software.
Keep spinning, wiki.....
Posted on 2/10/14 at 9:15 am to LSURussian
quote:
That exchange has now changed the low price of $102 on the 'bitcoinity.org' pricing page although it is still showing up on btc-e's own page.
It's funny watching y'all flail about in your misunderstandings of everything related to bitcoin.
FYI, BTC-e has no ability to "change" bitcoinity, and FYI bitcoinity still shows $102 as the low on BTC-e. But you go ahead and keep trying to wrap your head around things you don't understand. One day you'll get it.
This post was edited on 2/10/14 at 9:16 am
Posted on 2/10/14 at 9:24 am to WikiTiger
quote:No, it doesn't. I'm looking at it and it shows the low price for btc-e for the last 7 and 30 days as $551.20. If you're seeing a different low price then that further proves the lack of reliability of btc reporting.
FYI bitcoinity still shows $102 as the low on BTC-e.
quote:What am I misunderstanding when I look at bitcoinity.org and see conflicting data?
It's funny watching y'all flail about in your misunderstandings of everything related to bitcoin.
What is funny is how you will go to any length to stretch the truth just to protect bitcoin. And by 'stretch the truth' I mean "LIE."
Posted on 2/10/14 at 9:27 am to WikiTiger
quote:Tell me what it is I don't understand about bitcoin losing over 90% of its value for a brief time this morning.
But you go ahead and keep trying to wrap your head around things you don't understand.
Posted on 2/10/14 at 10:03 am to LSURussian
I don't quite understand what happened here.
Posted on 2/10/14 at 10:06 am to Broke
I'm sure wiki is just dying to explain it to us.
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