tag:blogger.com,1999:blog-3758330678390419129.post878578991748676735..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: More Bitcoin Holders Have Lost Their Bitcoins [Poof]Robert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-3758330678390419129.post-29172980860203219292013-11-13T11:19:31.108-05:002013-11-13T11:19:31.108-05:00Turns out it's not just "Coinabul" t...Turns out it's not just "Coinabul" that's having delivery problems, it's "Amagi" too. Is there a single Bullion dealer taking bitcoins that doesn't have a blemished record? <br /><br />https://bitcointalk.org/index.php?topic=311494.0Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-39407556372682040682013-11-09T08:25:37.342-05:002013-11-09T08:25:37.342-05:00"As for "washing" the coins, that w..."As for "washing" the coins, that will soon be easy to accomplish."<br /><br />Great, come back & let us know when that's possible.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-8641686148070654582013-11-09T02:04:40.685-05:002013-11-09T02:04:40.685-05:00Yeah, I've read that report. For starters, th...Yeah, I've read that report. For starters, the paper is presenting theory, not tested facts. Gavin Anderson, the lead bitcoin developer, said the people who wrote the paper didn't have a good grasp on the fundamentals of the bitcoin network. His analysis concluded that the malicious pool would most likely need to be over 40% of the network to pull it off. The paper itself concludes Libertarian Newshttps://www.blogger.com/profile/09978065788530967251noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-70290916783730543472013-11-09T01:56:45.693-05:002013-11-09T01:56:45.693-05:00"You are missing the point. One of Bitcoin..."You are missing the point. One of Bitcoin's marketing points was that they couldn't be confiscated."<br /><br />The coins were not confiscated, they were stolen - there is a HUGE difference. If the coins are properly secured in an encrypted wallet file and backup copies of the wallet are stored elsewhere, seizing the file doesn't mean jack squat. Confiscation is radicallyLibertarian Newshttps://www.blogger.com/profile/09978065788530967251noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-57521956295334879572013-11-08T19:01:54.389-05:002013-11-08T19:01:54.389-05:00Ok Anon @ 6 & Lysander, but how would you then...Ok Anon @ 6 & Lysander, but how would you then "wash" them as others have suggested for anonymity?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-82792262537887612092013-11-08T18:28:22.094-05:002013-11-08T18:28:22.094-05:00Bitcoin is broken.
And not just superficially so...Bitcoin is broken. <br /><br />And not just superficially so, but fundamentally, at the core protocol level. We're not talking about a simple buffer overflow here, or even a badly designed API that can be easily patched; instead, the problem is intrinsic to the entire way Bitcoin works. All other cryptocurrencies and schemes based on the same Bitcoin idea, including Litecoin, Namecoin, and Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-6781663632651029102013-11-08T18:13:20.455-05:002013-11-08T18:13:20.455-05:00In your own bitcoin wallet with your encrypted pas...In your own bitcoin wallet with your encrypted password that you don't share with anyone then yes, they would be very hard to confiscate. Certainly much harder than a bank account or gold in your home safe.Lysandernoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-1969124006046880432013-11-08T18:00:55.548-05:002013-11-08T18:00:55.548-05:00Yes, if you keep them yourself - not with some str...Yes, if you keep them yourself - not with some stranger on the Internet.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-12576345528660309272013-11-08T17:50:49.650-05:002013-11-08T17:50:49.650-05:00You are missing the point. One of Bitcoin's ma...You are missing the point. One of Bitcoin's marketing points was that they couldn't be confiscated.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-47822911214633454282013-11-08T16:56:51.368-05:002013-11-08T16:56:51.368-05:00I've never heard of a jewelry heist or bank ro...I've never heard of a jewelry heist or bank robbery.<br /><br />Everyone knows that dollars cannot be stolen.<br /><br />Oh that's right, bank's are insured, so the government can just print more money and hand it to the bank to make everything right again.<br /><br />I'm sure your in favor of the FDIC and money printing, right Robert?Libertarian Newshttps://www.blogger.com/profile/09978065788530967251noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-38150006099818432062013-11-08T16:49:54.721-05:002013-11-08T16:49:54.721-05:00That's why I bury me gold.That's why I bury me gold.OldMexicanhttp://www.oldmexican.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-55728080784199630652013-11-08T15:32:42.953-05:002013-11-08T15:32:42.953-05:00"Poof" implies the bitcoins vanished. Th..."Poof" implies the bitcoins vanished. They did not. They were stolen. Bitcoins were created to eliminate counterparty risk but many ignorant users still trust their money to bitcoin "banks". This is a case of "operator error". No more, no less.Anonymousnoreply@blogger.com