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Spockie-Tech
Site Admin
Joined: 31 May 2004
Posts: 3160
Location: Melbourne, Australia
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Lots of Interesting Movement in the BTC world recently.
A big spike to over $30/coin prompted someone with a lot of coins to sell off a huge amount and dropped it to $10.. but it quickly bounced back to $20/coin and seems to have stabilised there for the moment which was impressive, some were crying doom when they saw it plummeting and sold off, only to look pretty sheepish and lost out when it bounced back within a day or so.. day trading is a dangerous game be interesting to see what the next wave does..
Its likely to wobble around all over the place for a little while until the supply/demmand thing settles, right now its a highly speculative and small market, so wobbles are to be expected. still, look at the logarithmic graph for a more real indication of its continuous uptake.
The mining game is silly in my opinion. If you have a bunch of radeon gfx cards available cheap and get free or cheap power then its probably worth it.. but the nextwork is ramping up so quickly, you wouldnt want to be paying retail rates for hardware or power
The bitcoin network has gone from 1 to 10 terahash's per second in just a few months and I read is now more powerful at crunching hashes than the top *400* supercomputers of the world *combined!* Crazy stuff.
Starting to get lots of mainstream press too, with all sorts of wackos and n00bs jumping in to tell everyone why it wont work, or will bring on singularities, raptures, world revolutions and alien landings.. so much so they had to put all the n00bs in a holding pen on the forum for a while until they overcome the urge to push post on every thread they can find.. lots of pissed of n00bs and trollers from that
As far as buying coins go, You can send Aus$ direct to Mt.Gox through Technocash for a single 5% fee if you dont mind waiting a couple of days. Create a MtGox account, select add funds, and then look for the AUD$ options. Other exchanges starting to spring up and some guys working on the idea of an Australian one, but regulations and stuff sound like it could be tricky.
Ebay and Paypal hate it (and Btc hates them due to scammers and chargebacks), and are freezing anything to do with virtual currency trades, so dont go shopping there. Not surprising since it threatens the Ebay/Paypal monopoly bigtime in the not too distant future.
Exciting stuff to watch.. Senator Bigmouths, Joe Averages, Dudley Dogooders and Dick Dastardlys all round Stay tuned for next exciting episode in the continuing saga of the rise of the Bitcoins. _________________ Great minds discuss ideas. Average minds discuss events. Small minds discuss people
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Thu Jun 16, 2011 5:29 pm |
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Spockie-Tech
Site Admin
Joined: 31 May 2004
Posts: 3160
Location: Melbourne, Australia
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There are plenty of people who accept payment in Btc at the moment, just look at the market wiki..
Trying to bootstrap a currency is never going to be an easy task, since its got to be turned back into the local paper to pay for stuff for quite a while yet, but I think its making a credible stab at it..
--
The Universe - some facts to help you live in it"..
"Monetary Units: None.
In fact there are three freely convertible currencies in the Galaxy, but none of them count. The Altarian Dollar has recently collapsed, the Flainian Pobble Bead is only exchangeable for other Flainian Pobble Beads, and the Triganic Pu has its own very special problems.
The exchange rate of eight Ningis to one Pu is simple enough, but since a Ningis is a triangular rubber coin six thousand eight hundred miles along each side, no one has ever collected enough to own one Pu. Ningis are not negotiable currency, because the Galactibanks refuse to deal in small change.
From this basic premise it is very simple to prove that the Galactibanks are also the product of a deranged imagination."
.. Douglas Adams _________________ Great minds discuss ideas. Average minds discuss events. Small minds discuss people
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Thu Jun 16, 2011 5:43 pm |
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marto
Experienced Roboteer
Joined: 08 Jul 2004
Posts: 5459
Location: Brisbane, QLD
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quote:
Dear Mt.Gox user,
Our database has been compromised, including your email. We are working on a
quick resolution and to begin with, your password has been disabled as a
security measure (and you will need to reset it to login again on Mt.Gox).
If you were using the same password on Mt.Gox and other places (email, etc),
you should change this password as soon as possible.
For more details, please see this:
https://support.mtgox.com/entries/20208066-huge-bitcoin-sell-off-due-to-a-compromised-account-rollback
The informations there will be updated as our investigation progresses.
Please accept our apologies for the troubles caused, and be certain we will do
everything we can to keep the funds entrusted with us as secure as possible.
The leaked data includes the following:
- Account number
- Account login
- Email address
- Encrypted password
While the password is encrypted, it is possible to bruteforce most passwords
with time, and it is likely bad people are working on this right now.
Any unauthorized access done to any account you own (email, mtgox, etc) should
be reported to the appropriate authorities in your country.
Thanks,
The Mt.Gox team
I was tossing up whether to leave the coins on the exchange or whether to pull them down to the PC. I didn't trust myself with the codes as I am pretty sure I would transfer them to USB and lose them. So I decided to leave them on there bad choice sounds like they have NFI what they are doing. I guess I should grab a USB stick or two and make them very valuable. The currency is still inherently secure its just idiots with poor security who get hacked, have 0 protection as its like getting cash stolen.
Steve _________________ Steven Martin
Twisted Constructions
http://www.botbitz.com
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Mon Jun 20, 2011 10:50 am |
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Knightrous
Site Admin
Joined: 15 Jun 2004
Posts: 8511
Location: NSW
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Due to the hack, spam is already flying out from the now publically available database (I have a copy here...)
quote:
Return-Path: <goemitar@bonecrusher.gulfsouthmedia.com>
X-Original-To: xxx@xxx.xxx
Delivered-To: xxx@xxx.xxx
Received: from bonecrusher.gulfsouthmedia.com (bonecrusher.gulfsouthmedia.com [209.223.236.66])
(using TLSv1 with cipher DHE-RSA-AES256-SHA (256/256 bits))
(No client certificate requested)
by homiemail-mx1.g.dreamhost.com (Postfix) with ESMTPS id D7394768074
for <xxx@xxx.xxx>; Sun, 19 Jun 2011 16:15:41 -0700 (PDT)
Received: from goemitar by bonecrusher.gulfsouthmedia.com with local (Exim 4.69)
(envelope-from <goemitar@bonecrusher.gulfsouthmedia.com>)
id 1QYRDR-00058u-6X
for xxx@xxx.xxx; Sun, 19 Jun 2011 18:15:41 -0500
To: xxx@xxx.xxx
Subject: Mt Gox has been hacked
X-PHP-Script: www.goemitar.com/mailto.php for 84.194.195.139, 173.245.53.210
From: A Bitcoin Supporter <Bitcoin@unknown.com>
Message-Id: <E1QYRDR-00058u-6X@bonecrusher.gulfsouthmedia.com>
Date: Sun, 19 Jun 2011 18:15:41 -0500
X-AntiAbuse: This header was added to track abuse, please include it with any abuse report
X-AntiAbuse: Primary Hostname - bonecrusher.gulfsouthmedia.com
X-AntiAbuse: Original Domain - xxx.xxx
X-AntiAbuse: Originator/Caller UID/GID - [639 634] / [47 12]
X-AntiAbuse: Sender Address Domain - bonecrusher.gulfsouthmedia.com
Dear Sir or Madam,
A few hours ago the Bitcoin trading website Mt Gox has been hacked. Malicious
individuals have been able to obtain a database containing usernames, email address
and encrypted passwords. This information has been posted publicly on the internet.
As a Bitcoin supporter I'm now sending a message to every email address contained in
the hacked database. This is to warn you that your username, email address and
password have been leaked. I therefore strongly advice you to change your passwords.
If you have used the same password on different websites it's highly recommended to
change your password on all of your accounts!
For a more secure alternative to Mt Gox, the community appears to be moving to
TradeHill. So this is no reason to lose faith in Bitcoin itself. It must be seen as
a warning that not every website can be trusted with your data however! Their link
is http://www.tradehill.com/?r=TH-R15683 (Note: You can remove the Referral Code
when registering if you want!) This is certainly not the only website where you can
exchange Bitcoins, also check out
http://www.thebitcoinlist.com/dp_bitcoin/bitcoin-exchange/
Sincerely,
A Bitcoin supporter
1CWSjov2N7ix41bZ8bJfHXkdLLbkUsG9Y7
quote:
Return-Path: <bittrader566@yahoo.com>
X-Original-To: xxx@xxx.xxx
Delivered-To: xxx@xxx.xxx
Received: from mail.daveblood.com (li9-33.members.linode.com [67.18.176.33])
by homiemail-mx1.g.dreamhost.com (Postfix) with SMTP id AB1B17680C9
for <xxx@xxx.xxx>; Sun, 19 Jun 2011 18:23:59 -0700 (PDT)
Received: (qmail 6976 invoked by uid 500); 20 Jun 2011 01:23:58 -0000
Date: 20 Jun 2011 01:23:58 -0000
Message-ID: <20110620012358.6975.qmail@mail.daveblood.com>
From: bittrader566@yahoo.com
To: xxx@xxx.xxx
Subject: Was this the last straw with Mt Gox?
The latest in a string of hacks to Mt Gox has made me move to Trade Hill. Use this
referral code to get 10% off all trade fees: TH-R13698
Sign up at Trade Hill today!
http://www.tradehill.com/?r=TH-R13698
quote:
Return-Path: <sales@gbvault.com>
X-Original-To: xxx@xxx.xxx
Delivered-To: xxx@xxx.xxx
Received: from gbvault.com (173-167-31-134-michigan.hfc.comcastbusiness.net [173.167.31.134])
by homiemail-mx2.g.dreamhost.com (Postfix) with ESMTP id E07E0448079
for <xxx@xxx.xxx>; Sun, 19 Jun 2011 19:49:49 -0700 (PDT)
Received: from JEFFERSON ([107.10.208.130]) by gbvault.com with Microsoft SMTPSVC(7.5.7601.17514);
Sun, 19 Jun 2011 22:48:59 -0400
From: "GbVault" <sales@gbvault.com>
To: <removed>
Subject: We Accept Bitcoins - GBVault
Date: Sun, 19 Jun 2011 22:47:01 -0400
Message-ID: <002601cc2ef4$8aeae6d0$a0c0b470$@com>
MIME-Version: 1.0
Content-Type: multipart/related;
boundary="----=_NextPart_000_0027_01CC2ED3.03D946D0"
X-Mailer: Microsoft Office Outlook 12.0
Thread-Index: Acwu8aI/dCsKQWUZTQGlb1fk96VQoA==
Content-Language: en-us
X-OriginalArrivalTime: 20 Jun 2011 02:48:59.0622 (UTC) FILETIME=[9B1DC860:01CC2EF4]
<http://www.GbVault.com> http://www.GbVault.com
Online Data Backup
Costs nothing to get started, just download and try it free. now accepting
Bitcoins (BTC)
<http://www.gbvault.com/> cid:image002.jpg@01CC2ED0.1B2A1600
I think these guys might just end up in the Lulzsec IRC with a bit of dox attached _________________ https://www.halfdonethings.com/
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Mon Jun 20, 2011 1:21 pm |
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