There is a mocking joke amongst day traders that you turn on CNBC but mute the sound. There is rarely anything intelligent being said. It's just noise. It will only fuck with your head. Just read the charts.
Forbes and Newsweek. Noise
There is a mocking joke amongst day traders that you turn on CNBC but mute the sound. There is rarely anything intelligent being said. It's just noise. It will only fuck with your head. Just read the charts.
Forbes and Newsweek. Noise
Newsweek reporter's piece wasn't remotely convincingOriginally Posted by Sanlmar
So much grasping at straws, and zero legit evidence other than a heat of the moment quote from a "conversation" had while she's being escorted off of his property by cops. Given the circumstances and the author's obvious desire to do anything to get the story (ie obtaining his email from the model train company he bought shit from), I'm not buying her side of a he said she said dispute. Plus her Twitter name is effing "truth eater"...come on.
Best part about her trying to justify why he is the real deal was her analysis of his writing style. The whole they both use two spaces after periods thing was priceless. That's a typical thing to do when writing a professional letter. It's literally been years since the last time Ive written a letter without clicking the spacebar twice between sentences or I've read a letter where the author didn't do the same thing.
I think the official style guide got changed to one space several years ago. I learned the old way and I prefer two spaces.
Newsweek reporter's piece wasn't remotely convincing
So much grasping at straws, and zero legit evidence other than a heat of the moment quote from a "conversation" had while she's being escorted off of his property by cops. Given the circumstances and the author's obvious desire to do anything to get the story (ie obtaining his email from the model train company he bought shit from), I'm not buying her side of a he said she said dispute. Plus her Twitter name is effing "truth eater"...come on.
Best part about her trying to justify why he is the real deal was her analysis of his writing style. The whole they both use two spaces after periods thing was priceless. That's a typical thing to do when writing a professional letter. It's literally been years since the last time Ive written a letter without clicking the spacebar twice between sentences or I've read a letter where the author didn't do the same thing.
lol who was this reporter anyway?
I think you are correct. Newsweek is reflectively defending the piece non stop this morning offering no evidence.... Of course this was a Hail Mary piece for them anyway as their model is toast.Newsweek reporter's piece wasn't remotely convincing
So much grasping at straws, and zero legit evidence other than a heat of the moment quote from a "conversation" had while she's being escorted off of his property by cops. Given the circumstances and the author's obvious desire to do anything to get the story (ie obtaining his email from the model train company he bought shit from), I'm not buying her side of a he said she said dispute. Plus her Twitter name is effing "truth eater"...come on.
Best part about her trying to justify why he is the real deal was her analysis of his writing style. The whole they both use two spaces after periods thing was priceless. That's a typical thing to do when writing a professional letter. It's literally been years since the last time Ive written a letter without clicking the spacebar twice between sentences or I've read a letter where the author didn't do the same thing.
Man called Bitcoin's father denies ties, leads LA car chase
http://www.reuters.com/article/2014/...A252D820140307
(Reuters) - A Japanese American man thought to be the reclusive multi-millionaire father of Bitcoin emerged from a modest Southern California home and denied involvement with the digital currency before leading reporters on a freeway car chase to the local headquarters of the Associated Press.
Satoshi Nakamoto, a name known to legions of bitcoin traders, practitioners and boosters around the world, appeared to lose his anonymity on Thursday after Newsweek published a story that said he lived in Temple City, California, just east of Los Angeles.
Newsweek included a photograph and described a short interview, in which Nakamoto said he was no longer associated with Bitcoin and that it had been turned over to other people. The magazine concluded that the man was the same Nakamoto who founded Bitcoin.
Dozens of reporters, including a sprinkling of Japanese media, encircled and camped outside the man's two-story house on Thursday morning, accosting the mailman and repeatedly ringing the doorbell, to no avail. Police cruisers drove by several times but did not stop.
Several times, someone pulled back the drapes on an upstairs window.
In the afternoon, the silver-haired, bespectacled Nakamoto stepped outside, dressed in a gray sport coat and green striped shirt, with a pen tucked in his shirt pocket. He was mobbed by reporters and told them he was looking for someone who understood Japanese to buy him a free lunch.
Newsweek estimates his wealth at $400 million.
"I'm not involved in Bitcoin. Wait a minute, I want my free lunch first. I'm going with this guy," Nakamoto said, pointing at a reporter from AP. "I'm not in Bitcoin, I don't know anything about it," he said again while walking down the street with several cameras at his heels.
He and the AP reporter made their way to a nearby sushi restaurant with media in tow, before leaving and heading downtown. Los Angeles Times reporter Joe Bel Bruno followed the pair and described the chase in a running stream of tweets. Eventually, the pair dashed into the Associated Press offices in downtown Los Angeles.
MISUNDERSTOOD
In a later AP interview, Nakamoto said he was misunderstood in a key portion of the Newsweek story, where he tells the reporter on his doorstep, "I am no longer involved in that and I cannot discuss it."
Asked by the AP if he had said that, Nakamoto said, "No."
"I'm saying I'm no longer in engineering. That's it," he told the AP. "And even if I was, when we get hired, you have to sign this document, contract saying you will not reveal anything we divulge during and after employment. So that's what I implied."
"It sounded like I was involved before with Bitcoin and looked like I'm not involved now. That's not what I meant. I want to clarify that," the AP reported him as saying.
The Bitcoin Foundation, an advocacy group promoting the adoption of the digital currency, said "... We have seen zero conclusive evidence that the identified person is the designer of Bitcoin."
"Those closest to the Bitcoin project, the informal team of core developers, have always been unaware of Nakamoto's true identity, as Nakamoto communicated purely through electronic means," it said in a post on its website.
Newsweek writer Leah McGrath Goodman told the AP that she stood by her story. "I stand completely by my exchange with Mr. Nakamoto. There was no confusion whatsoever about the context of our conversation - and his acknowledgment of his involvement in Bitcoin."
"FOCUSED AND ECLECTIC"
Fans see Bitcoin as a digital-world currency beyond government interference, while critics, whose ranks swelled with the recent bankruptcy filing by major bitcoin exchange Mt. Gox, see a risky investment whose anonymity aids drug dealers and other criminals.
Nakamoto kept a low profile in part to avoid the attention of authorities, Newsweek said. On Thursday, the office of Benjamin Lawsky, superintendent of New York's Department of Financial Services, was keen on speaking with him, a source familiar with the situation told Reuters.
Bitcoin is bought and sold on a peer-to-peer network independent of central control. Its value soared last year, and the total worth of bitcoins minted is now about $7 billion.
In the Newsweek article, Nakamoto was credited by Bitcoin's chief scientist, Gavin Andresen, in working out the first codes behind the currency.
A man of few words who refused to discuss anything beyond the currency or even communicate outside of email, Nakamoto was described by his brother in the Newsweek article as "fickle and has very weird hobbies," including a penchant for model trains.
Japanese-born Nakamoto displayed an unusual aptitude for math as a child. He immigrated with his mother to California in 1959. He worked for defense and electronics company Hughes Aircraft, but never discussed work because much of it was classified, according to Newsweek interviews with several friends and relatives.
"He's very focused and eclectic in his way of thinking. Smart, intelligent, mathematics, engineering, computers. You name it, he can do it," Newsweek quoted Arthur Nakamoto, his younger brother, as saying.
Shit just got real.
http://two-bit-idiot.tumblr.com/post...oin-foundation
I was at the Texas Bitcoin Conference, this dude brought it. Charlie Shrem was good, but he seemed naiive in how the real world works.
I can 100% confirm this. My old office had CNBC on one TV and BNN (for the TSX guys) on the other, muted.
Highly likely he is the creator of Bitcoins, but still probably irresponsible of them.
Looks like the day has arrived to quit mining, after I factor in electricity costs I'm making less then $2 a day right now.
Where does the repeated notion that Satoshi Nakamoto has 400 million stem from?
"I got the impression that Satoshi was really doing it for political reasons," says Andresen
"When programmers get together, we don't talk about who Satoshi Nakamoto is," he says. "We talk about how we should have invested in more Bitcoin. I mean, we're curious about it, but honestly, we really don't care."
Nakamoto may have never really invested. Also, he may have cashed out very very early. Who could have foreseen the bubble.
A distrust of government. A distaste for the banking system. Knows reverse Polish notation. They could be describing me. Not fully convinced they got their man. <-- double space.
I fear for Newsweek reporter Leah Goodman's safety. It was interesting to read Newsweek's defense of her article and work. They can feel trouble brewing.
This guy Nakamoto isn't too healthy (stroke - prostate cancer). Add some stress and a few nut jobs & press. Nakamoto ain't gonna run good. Goodman will suffer the consequences.
Newsweek made the poor editorial choice but people will vent their wrath on Goodman.
Doxxing the guy in this way was not cool. I am sure I am not alone in that sentiment.
Last edited by Sanlmar; 03-09-2014 at 02:07 AM.
http://www.engadget.com/2014/03/09/b...tm_campaign=sf
Mt. Gox CEO's blog hacked, database leak claims there should be a 951k Bitcoin balance
Dont be so naive Drk, hoser already pointed out that Gox couldnt be hacked.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
Oh boy...
http://www.moneynews.com/newswidget/...n=widgetphase1Roubini Rips Bitcoin
Renowned New York University economist Nouriel Roubini attacked the legitimacy of the bitcoin in a series of tweets Sunday.
"So bitcoin isn't a currency. It is btw [by the way] a Ponzi game and a conduit for criminal/illegal activities. And it isn't safe, given hacking of it," wrote the man nicknamed Dr. Doom for his bearish economic forecasts.
Roubini scoffs at the notion that the bitcoin is a real currency. "Bitcoin isn't a store of value, as little wealth is in Bitcoin and no assets in it. Also given price volatility, it is a lousy store of value," he tweeted.
"Apart from a base 4 criminal activities, bitcoin is not a currency. . . . Bitcoin is not a unit of account, as no price of goods and services is set in bitcoin."
Gold enthusiasts might be surprised to see that Roubini lumps them together with bitcoin advocates. "BTC [Bitcoin] bugs like gold bugs are fanatics who speak of BTC in cult-like religious ways. Like gold bugs, they have paranoid conspiracy views on the $."
To be sure, the bitcoin has risen 14 percent to $621.54 during the last two weeks, according to CoinDesk.
Not everyone agrees with Roubini.
"Bitcoin works really well," Matthew Green, a Johns Hopkins University cryptographer who is working to create another digital currency, told The Washington Post. "All this craziness around bitcoin isn't around bitcoin itself. It's around the people."
What It's Like Inside The World's Largest Bitcoin Mining Operation
Read more: http://www.businessinsider.com/world...#ixzz2vfnWxonP
Meanwhile, Bitcoin watchers have noticed $113 million in coins linked to Mt. Gox accounts moving through the blockchain (check out our Primed article to find out how mining and transaction verifications work) recently, which Coindesk suggests could be preparation to use them "for a high volume of transactions."
Will be interesting where these get used.
On a side note, if Gox losing almost all their bitcoin due to transaction malleability is a lie, what's the real story? Did Karpeles or an accomplice steal them? If so, why didn't they leave enough to continue withdrawals, and keep the scam going? Were they really that stupid? Or did they perhaps think that stealing 951k bitcoins was enough?
I'm not ashamed to admit that I still have almost no understanding of Bitcoin. This pretty much sums it up:
http://teamcoco.com/video/bitcoin-explaination
Meanwhile, Bitcoin watchers have noticed $113 million in coins linked to Mt. Gox accounts moving through the blockchain (check out our Primed article to find out how mining and transaction verifications work) recently, which Coindesk suggests could be preparation to use them "for a high volume of transactions."
Will be interesting where these get used.
On a side note, if Gox losing almost all their bitcoin due to transaction malleability is a lie, what's the real story? Did Karpeles or an accomplice steal them? If so, why didn't they leave enough to continue withdrawals, and keep the scam going? Were they really that stupid? Or did they perhaps think that stealing 951k bitcoins was enough?
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
I reckon this is linked to the Bitcoins that Mt Gox stole in the final two weeks they were operating.
Which is completely separate to the alleged 850,000 BTC theft.
-----------------------
http://www.coindesk.com/gox-money-mo...h-block-chain/
Large amounts of bitcoins previously handled by Mt Gox, which have lain dormant for years, have started moving on the block chain.
Since the exchange blew up at the end of last month, people have been wondering where the stolen coins went, and have tried to trace some movements between Gox addresses. One participant on the bitcoin talk forum recalled an IRC conversation between Gox CEO Mark Karpeles and various users, which allegedly took place on June 23, 2011.
During their conversation, Karpeles (a.k.a. MagicalTux) offered to demonstrate that the exchange owned large numbers of coins, by sending a uniquely identifiable amount to a given address. He sent 424242.42424242 bitcoins to a specific address beginning with 1eHhgW6vquBY. Sure enough, they showed up.
A few weeks later, that large amount of bitcoins was broken into two smaller amounts. Then, more transactions occurred, peeling off 50,000 bitcoins at a time into separate wallets, possibly as a means of moving them into cold storage.
Most of these 50,000 bitcoin wallets were recombined on 16 November, 2011, into two separate wallets. One of these contained 500,000 bitcoins, while the other contained 50,000.
The 50,000 bitcoin address was created on that date, and was then dormant until July, 2012, when it began receiving small transactions along with several other outputs. However, no coins left that wallet, until today, when its 50,000 bitcoins were sent to another address, as part of outputs from various bitcoin addresses totalling 180,000 bitcoins ($113 million).
Since then, these coins have been rapidly splitting, with coins being subdivided repeatedly. One branch was found to have been splitting every 30 minutes in what appeared to be an automated fashion. This suggests that there may be some code splitting the coins.
We don’t know for certain that the 50,000-bitcoin address is indeed owned by Mt Gox, but it seems likely. The other, larger, wallet went through several transactions, with the bulk of the coins being sent to an address that was verified as Mt Gox-owned on the block chain.
The leaked Mt Gox crisis strategy document claims assets of 2,000 bitcoins, contained in a hot wallet, adding that the cold storage had been wiped out.
Why now?
So, why is this happening now? One explanation is that it makes the coins easier to use for a high volume of transactions. When bitcoins are sent, all the funds held in a particular address are sent, and the ‘change’ – the part that is surplus to requirements – is sent to a change address, usable by the sender. However, the block chain has to confirm that the change has been returned before it can be reused.
If you were to try and send bitcoins to lots of users very frequently from one address containing a lot of bitcoins, then you would have to wait 10 minutes or more for the block chain to confirm your returned change, before conducting your next transaction.
Core bitcoin developer Gregory Maxwell also suggested that this was a Mt Gox transaction, based on interactions that he had with the Mt Gox API.
Maxwell also argued that the splitting behaviour is consistent with a function in the leaked source code from Mt Gox. This suggests that some of the coins have been dropped into the Mt Gox online wallet, and that the system is now automatically breaking them up, he said.
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