00:04:37 *** Zekka has quit (Ping timeout) 00:32:12 *** IR601 has quit (Ping timeout) 00:34:19 *** IR601 (root@cryto-E0B662A7.abu.se.net) has joined #crytocc 00:38:46 *** Zekka (zekka@Zekka.users.cryto) has joined #crytocc 00:47:52 lysobit; mmm 00:47:57 I did an hour or so ago 00:48:07 looks like my blogpost finally did what it was supposed to do 00:48:07 :) 00:48:14 well that was when I asked the question 00:49:46 ah 00:49:48 lol 01:10:36 *** skill3r (skill3r@developers.developers.developers) has joined #crytocc 01:10:54 ohai 01:11:35 hai 01:23:44 http://bitslog.wordpress.com/2013/09/04/satoshi-machine-one-mystery-is-solved-and-another-opens/ 01:35:13 * joepie91 bookmarks 01:45:16 :) 02:03:41 *** mama has quit (Ping timeout) 02:16:55 *** Charles (Charles@Charles.users.cryto) has joined #crytocc 02:37:07 *** complex has quit (Input/output error) 02:40:09 *** Riddler (Riddler@cryto-1D9B597A.hsd1.ca.comcast.net) has joined #crytocc 02:40:12 hello 03:01:50 *** ChauffeR has quit (Input/output error) 03:10:41 *** Charles has quit (Client exited) 03:10:54 *** Charles (Charles@Charles.users.cryto) has joined #crytocc 03:13:17 *** skill3r has quit (Input/output error) 03:42:43 *** daemon (daemon@4120F12E.4AF344D2.AFA7AD20.IP) has joined #crytocc 03:51:48 *** mama (me@cryto-B8915482.noisetor.net) has joined #crytocc 04:05:04 *** S1renide (S1renide@cryto-AF01172C.us-west-1.compute.amazonaws.com) has joined #crytocc 04:06:26 *** S1renide has quit (User quit: Connection closed) 04:10:15 *** Charles has parted #crytocc (None) 04:12:13 *** mama has quit (Ping timeout) 04:17:51 *** Charles (Charles@Charles.users.cryto) has joined #crytocc 04:28:31 *** Riddler has quit (Ping timeout) 04:37:41 *** Charles has quit (Client exited) 04:56:46 .bitcoin 04:56:47 1 BTC = $514.09, 1 BTC = €400.00 05:23:32 http://krebsonsecurity.com/2013/11/cupid-media-hack-exposed-42m-passwords/ 05:28:58 joepie91, posted author http://poe.perl.org/?POE_Cookbook/Web_Sockets 05:29:00 ;o 05:32:03 http://owely.com/51fjD4e 05:32:17 daemon: ? 05:32:52 joepie91, one of my code snipets ended up on the 'example of good code' poe site pretty much ;D 05:32:59 oh 05:33:00 :D 05:33:14 gratz 05:33:17 ty 05:33:22 * joepie91 still struggles with his regex in the meantime... 05:33:27 I can't figure out why this thing won't work... 05:33:35 it works in regexpal?! 05:33:36 *** LapAnon has quit (Connection reset by peer) 05:33:46 *** LapAnon (Grep@cryto-812F49C0.carolina.res.rr.com) has joined #crytocc 05:36:36 ... 05:36:40 it eats spaces. 05:36:41 right. 05:37:46 wait no it doesnt 05:37:47 wtf 05:37:50 CONFUSED 05:38:23 joepie91, im not bad with regexs 05:38:25 whats upo 05:38:51 this is weird 05:39:07 it's not picking up info from this whois data 05:39:10 even though the regex works on re-try 05:39:15 ie. http://re-try.appspot.com/ 05:39:16 sec 05:40:55 need data to feed it and a regex 05:40:56 ;p 05:42:05 errrr wtf 05:42:09 it works fine in my testcase 05:42:11 ._. 05:42:38 .. oh 05:42:42 wow 05:42:43 line endings 05:42:44 wtf 05:42:52 * joepie91 .replace("\r", "") 05:42:59 stupid shit 05:44:15 lol 05:44:25 joepie91, don't got there with line endings 05:44:28 want to see a fun regex? 05:44:33 my ($request, $rest) = 05:44:33 $heap->{rcvbuf} =~ m#^.*?({"channel".*?).{4}({"channel".*)#s; 05:46:29 daemon: there we go, http://sprunge.us/KJjP 05:46:33 :D 05:46:42 :) 05:46:50 I use he.net to 05:46:51 for my domaisn 05:46:54 domains* 05:47:03 daemon: the focus was intended to be on "hey he parsed out the registrant data" 05:47:03 :p 05:47:35 lol 05:48:12 now you can write an awesome snail|e mail spammer ;p 05:48:24 lol no 05:48:26 it's for openNG 05:48:42 and well 05:48:46 it's a stand-alone python library 05:48:52 this will be the non-shitty version 05:48:53 :p 05:48:59 pythonwhois 05:49:43 its pretty cool 05:49:52 but it loses coolness points because its not perl 8) 05:51:39 lol 05:51:41 feel free to port it 05:51:41 :) 05:52:10 ;) 06:00:28 *** Charles (Charles@Charles.users.cryto) has joined #crytocc 06:05:04 *** monod (~pmpf@cryto-B351697A.retail.telecomitalia.it) has joined #crytocc 06:05:27 monod waz here 06:05:29 ! 06:05:31 heavy morning 06:10:48 *** Charles has quit (Client exited) 06:13:30 *** monod has quit (User quit: gotta go!) 06:15:56 http://sprunge.us/FBMN 06:15:57 ! 06:15:58 cc daemon 06:16:35 *** GHOSTnew has quit (Ping timeout) 06:18:21 ya 06:19:15 it works :D 06:19:18 :) 06:19:23 gratz 06:22:32 man 06:22:37 I have so many projects going 06:22:44 I can't even track time to them anymore 06:22:45 >.< 06:23:02 I need to take a week out of life 06:23:12 and go get wasted in some far away place 06:23:28 daemon; you know 06:23:43 I've been considering instituting a two hours of no internet every day 06:23:44 for myself 06:23:48 mind you I have 3 ounce of weed here 06:23:53 can use the computer, but no ethernet connection 06:23:53 I could get mind bnedingly stoned for a week 06:24:02 daemon: that's not really useful at all 06:24:02 :p 06:24:04 lol 06:24:20 joepie91, my problem is almost all things I enjoy are on the net 06:24:31 daemon: yes, same for me 06:24:32 the things I do not enjoy on the net are walking the dog and drinking 06:24:37 that is -exactly- why I want to institute this 06:24:45 to try and refocus 06:24:49 so the @ONLY@ thing I can do is go for a long walk like the westhighland way 06:24:51 multiday thing 06:25:01 I love mechanis though to 06:25:04 rebuilding cars etc 06:25:08 but I have no garage where I currently am 06:25:28 I just like building things really 06:25:29 x_X 06:25:37 in perl or in metal or in wood 06:26:15 hehe 06:26:27 what I really need to do 06:26:30 is HARD CAP my project list 06:26:35 which I actually have done 06:26:42 the projects im involved with now are the *LAST* 06:26:44 when the list runs out 06:26:47 im taking a break 06:26:59 the issue is the things on the list .. 06:27:04 there so mega in there own right 06:27:17 I feel I am going to have to drop at least 50% of them 06:27:32 using a rough estimate 06:27:33 *** cornelius-a6878 has quit (Broken pipe) 06:27:40 the projects I have at the moment total over 7 years of work 06:28:15 sigh 06:28:16 iono man 06:28:35 I need to have a serious chat with my self eventually 06:28:41 with what I atually am capable of doing 06:28:48 cause I just have TO MUCH SHIT going on 06:28:54 and I landed my self in 70% of it 06:31:33 *** GHOSTnew (GHOSTnew@GHOSTnew.users.cryto) has joined #crytocc 06:34:16 *** Asad has quit (Ping timeout) 06:36:19 * daemon blogs to self and looks forlong at joepie91 06:38:46 *** Asad (Asad@Asad.users.cryto) has joined #crytocc 06:38:54 lol sorry 06:38:55 got distracted 06:38:58 (see?!) 06:39:07 hmm, daemon 06:39:13 have I ever pointed you at my todo list thing? 06:39:57 joepie91, mine only has three items 'Get Rich, But lots of dogs, Get drunk' but about a million sub projects 06:40:07 s/but/buy/ 06:40:30 tell you what though 06:40:34 where abouts are you based? 06:40:46 nl netherlands 06:40:54 hmm 06:41:09 yes 06:41:09 but 06:41:15 did I show you my todo list thing or not? :P 06:41:18 no 06:42:38 just to make your day happier 06:42:39 http://thechive.com/2011/07/28/everytime-a-hot-redhead-is-born-an-angel-gets-its-wings-40-photos/cute-redheads-gallery-13/ 06:46:19 daemon: http://todo.cryto.net/about 06:50:42 The tl;dr: 06:50:54 :P 06:51:07 :P 06:51:08 well hey 06:51:13 it'\s made for overworked hackers 06:51:19 I use the google one 06:51:22 overworked hackers often won't have time to read the long version! 06:51:25 ? 06:51:37 google calender has a inbuilt todo 06:51:41 yes... 06:52:00 I really shouldn't have called this thing todo 06:52:04 Your current task: MUST Kill people 06:52:05 ;D 06:52:07 it really doesn't work like a todo list 06:52:08 and lol 06:52:18 ('task assignment system' is more accurate) 06:55:02 *** Charles (Charles@Charles.users.cryto) has joined #crytocc 06:55:44 the issue is 06:55:50 I have alot of intermeshing assignments 06:55:56 things that need to be kinda developed in paralel 06:56:12 I can't just finish one 06:56:16 as it relies on bits from another 06:56:17 daemon: a sort-of-deadline mechanism will be added 06:56:18 etc 06:56:26 but most things can be added atomically 06:56:29 joepie91, be easier just using redmine 06:56:33 :P 06:56:38 if things rely on other bits then add them as one item 06:56:39 .. 06:56:41 daemon 06:56:59 redmine tries to solve a different problem 06:57:09 it doesn't really make sense to say that one or the other is 'easier' 06:57:52 probably not but it is 7am in the morning and I have actually not stopped working since 1pm the previous day 06:58:09 my brain is so cloudy if I tried to iron clothes I would probably use my penis. 06:58:31 *** x (foobar@C35CA8A8.589C91BA.8F6A2B14.IP) has joined #crytocc 06:58:40 lol 06:58:41 go sleep 06:58:41 :P 06:58:48 not yet 06:58:59 all my work was to finish a speciofic part of a bigger machine 06:59:03 all the rest of the machine is built 06:59:11 I just need to get this last cog in 06:59:14 then I can go sleep 06:59:38 *** multihate (multihate@cryto-4ED90F7E.as5577.net) has joined #crytocc 07:00:12 :P 07:07:36 *** iceTwy (iceTwy@cryto-610769D0.fbx.proxad.net) has joined #crytocc 07:12:44 *** iceTwy has quit (Ping timeout) 07:32:17 *** Charles has quit (Client exited) 07:32:51 *** Charles (Charles@Charles.users.cryto) has joined #crytocc 08:04:37 *** Charles has quit (Ping timeout) 08:05:47 *** Charles (Charles@Charles.users.cryto) has joined #crytocc 08:12:35 *** joepie91 has quit (Ping timeout) 08:12:40 *** x has quit (Input/output error) 08:13:02 *** joepie91 (joepie91@cryto-3E6002EF.direct-adsl.nl) has joined #crytocc 09:00:22 *** mnjfja (mnjfja@cryto-8C9B7CF5.red.bezeqint.net) has joined #crytocc 09:00:24 *** mnjfja has parted #crytocc (None) 09:03:55 *** chrintina-t665 (chrintina-@F99CB698.128A1BB2.FD1096D0.IP) has joined #crytocc 09:32:48 *** multihate has quit (User quit: Page closed) 09:41:25 *** Charles has quit (Client exited) 09:56:17 *** Charles (Charles@Charles.users.cryto) has joined #crytocc 10:14:58 *** Charles has quit (Client exited) 10:16:16 *** Charles (Charles@Charles.users.cryto) has joined #crytocc 10:16:45 .bitcoin 10:16:46 1 BTC = $505.00, 1 BTC = €379.96 10:16:59 dafuq is litecoin 10:35:42 joepie91:) can die now 10:36:06 joepie91:) I have class in 7.5 hours, just got home 10:37:37 cayce: whoop whoop 10:37:45 cayce: I r doing whois parsing 10:38:07 hawt 10:38:17 I'm trying to figure out how to sleep 10:38:23 since I just finished coffee 1hr ago 10:39:51 *** Charles has quit (Ping timeout) 10:52:29 *** Charles (Charles@Charles.users.cryto) has joined #crytocc 10:59:30 *** mama (me@cryto-CD086792.beseeingyou.org.uk) has joined #crytocc 10:59:52 .bitcoin 10:59:53 1 BTC = $491.00, 1 BTC = €354.87 10:59:59 .litecoin 11:01:23 *** Cryto174 (Cryto174@cryto-728F8019.w90-43.abo.wanadoo.fr) has joined #crytocc 11:01:27 hi 11:01:34 *** Cryto174 has quit (User quit: Page closed) 11:01:55 hello 11:11:33 cayce: go teh sleep! 11:11:40 I should too... 11:13:16 .bitcoin 11:13:17 1 BTC = $491.00, 1 BTC = €347.17 11:17:59 *** joepie91 has quit (Ping timeout) 11:52:46 *** iceTwy (iceTwy@cryto-610769D0.fbx.proxad.net) has joined #crytocc 11:53:43 *** Charles has quit (Ping timeout) 11:55:03 lol 11:55:13 Falkvinge: https://twitter.com/Falkvinge/status/403100664299266048 11:55:30 @NASA; Did you know? The solar arrays each have a wingspan of 240 feet – wider than a Boeing 777’s wingspan, which is 212 ft. #ISS15 11:55:39 @Falkvinge: Did you know the rest of the world has no idea what 240 feet is? :) 12:01:21 *** Charles (Charles@Charles.users.cryto) has joined #crytocc 12:01:29 *** Charles has quit (Client exited) 12:05:04 *** T0R_till (T0R_till@cryto-10B98773.us-west-1.compute.amazonaws.com) has joined #crytocc 12:06:25 *** T0R_till has quit (User quit: Connection closed) 12:15:10 Not entirely true, given that "rest of the world" was able to read that tweet, it's likely been around the nets, and that unit comes up there from time to time 12:16:04 I think it's also common in from-us in media, esp. games 12:16:45 Maybe if you actively resist learning what it is on some bullshit ideological grounds, like Falkvinge might do... ;) 12:17:44 *** d0wn has quit (Connection reset by peer) 12:21:13 *** d0wn|off (d0wn_blog@cryto-256AD0BA.static.lu) has joined #crytocc 12:21:32 *** d0wn|off is now known as d0wn 12:24:01 *** iceTwy has quit (Ping timeout) 12:37:53 *** Charles (Charles@Charles.users.cryto) has joined #crytocc 12:56:41 *** Charles has quit (Ping timeout) 13:01:11 *** url_spare has quit (Ping timeout) 13:07:27 *** Charles (Charles@Charles.users.cryto) has joined #crytocc 13:11:06 *** Charles has quit (Ping timeout) 13:21:32 *** Charles (Charles@Charles.users.cryto) has joined #crytocc 13:25:12 *** Charles has quit (Ping timeout) 14:01:15 *** Charles (Charles@Charles.users.cryto) has joined #crytocc 14:11:58 *** Charles has quit (Client exited) 14:34:05 *** Charles (Charles@Charles.users.cryto) has joined #crytocc 15:00:44 *** Charles has quit (Client exited) 15:07:33 *** Charles (Charles@Charles.users.cryto) has joined #crytocc 15:12:41 *** Charles has quit (Ping timeout) 15:22:50 *** GHOSTnew has quit (Ping timeout) 15:23:09 *** GHOSTnew (GHOSTnew@GHOSTnew.users.cryto) has joined #crytocc 15:31:43 *** Sonic has quit (Connection reset by peer) 15:38:02 .bitcoin 15:38:04 1 BTC = $530.00, 1 BTC = €407.00 15:39:12 mighty mighty dicks 15:39:33 watch it correct back to sma+/-20 line 15:39:51 something about 450 15:41:06 would like it to stay there 15:41:17 long enough for me to get paid 15:41:20 and by like 10 15:41:33 lol 15:41:39 biy* 15:41:43 buy* damnit 15:41:46 *** Charles (Charles@Charles.users.cryto) has joined #crytocc 15:41:50 yes 15:41:57 do you buy/sell bitcoins? 15:41:58 with the letters 15:42:03 and the ordering of them 15:42:07 and how much do you earn :P 15:42:11 no 15:42:18 connor, do u sell litecoins? 15:42:21 I want to invest in them 15:42:32 Charles, no 15:42:35 I do no such thing, I only give other people financial advice, they ignore me and lose out on thousands of dollars of profit 15:42:36 it's great 15:42:45 lol 15:42:59 * Charles is interested in ltc 15:43:06 is it too late to buy? 15:43:07 "bitcoins will never catch on..." -me 3 years ago 15:43:07 * Charles does not know whether to invest 15:43:27 yeah, I just wanna get on board before mass adoption 15:43:37 because that is when value is going to spike 15:43:37 they'll eventually die imo 15:43:48 so will you 15:44:40 ltc is currenly at a low 6-8 15:44:42 like, value is going to build so quickly it will make the stocks in the 1920s look reasonable and safe 15:44:48 im wondering whether its worth buying 15:45:04 6-8 dollars? 15:45:12 Charles: Why not? At the worst you lose what, $100? 15:45:13 will litecoin explode though? 15:45:18 that shit was 6-8 cents lol 15:45:19 yes for one ltc 15:45:35 dude my buddy's gotta be a fucking millionaire 15:45:40 that's hilarious 15:45:41 ltc started last yr 15:45:51 it started before then 15:46:06 my buddy has been mining ltc for longer than 1yr 15:46:10 *** multihate (multihate@cryto-105D9F5B.torservers.net) has joined #crytocc 15:46:18 multihate:) YES 15:46:23 multihate:) HATE HATE HATE HATE HATE 15:46:30 multihate:) HAIL SATAN 15:46:41 wow okay thats cool cayce 15:46:42 hi 15:46:46 connor: hard to say. From what I understand it's basically the same as btc and so it will have a hard time gaining marketshare, but if it does they could be valued in the 100-1000o 15:46:47 s 15:47:09 hmm 15:47:15 some treat it like silver to btc gold 15:47:19 * cayce shrugs 15:47:25 so connor r u in ;) 15:47:36 not sure 15:47:48 is there a local litecoin? 15:47:58 how hard is it to sell 15:49:28 Are there any other crypto currencies on the market yet? 15:49:53 there were like 12 15:49:54 lol 15:49:58 sry i came late, but there are a lot of cc on the market 15:50:01 ditto on still 15:50:06 like 150? 15:50:10 cc? 15:50:20 crypto currencies 15:50:25 mm 15:50:27 which ones are most notable? 15:50:38 obviously btc and ltc are up there 15:50:43 besides bitcoin and litecoin? 15:50:58 devcoin, primecoin, namecoin 15:51:18 what are the advantages/disadvantages from each one 15:51:21 there is one called protoshares 15:51:38 you have to check each one and decide 15:51:40 devcoin is made to support developers apparently 15:51:43 its not mad in short 15:51:46 made 15:52:06 hmm ok 15:52:10 primecoin finds cunninham chains and bitwin chains 15:52:36 big issue I see with bitcoin is the hard cap 15:53:08 can change anytime but looks like bitcoin is the king of cc 15:53:31 very likely 15:53:41 it is one of the slowest though 15:53:51 still, I think as cc's get mass adoption value will build in all cc 15:53:53 transaction wise 15:54:17 so I'm trying to diversify investment 15:54:20 well it has already 15:54:33 i can buy anything for bitcoins 15:54:53 so its like real money 15:54:57 you can buy a lot of things 15:55:00 but not anything 15:55:07 Amazon products? 15:55:12 why is that even a critique 15:55:17 How bout local starbucks? 15:55:19 go away 15:55:20 no 15:55:24 the products yes, but not at amazon 15:55:25 not a critique 15:55:32 just because it hasn't been taken up yet does not mean it won't 15:55:39 pointing out that if/when that happens 15:55:43 no, I hear that fucking question from everyone 15:55:46 it's a dumb question 15:55:46 there will be a spike in value 15:55:51 you are asking a question of progress 15:55:51 canada has bitcoin atm 15:55:56 no I'm not 15:56:03 I actually believe it's inevitable 15:56:08 "has it hit market saturation like usd" 15:56:12 :P 15:56:16 I do too 15:56:18 pointing out that now is a good time to invest 15:56:36 if you're hooking up for buying, wait till it stops dropping today lol 15:56:40 if i want to eat i open my bitcoin client, chose the country at the website and buy me a sushi anytime 15:56:45 pizza 15:56:48 vietnamese 15:56:53 lol 15:56:54 no moneys :/ 15:56:57 anything literallly 15:56:59 yay pizza :p 15:57:00 need to get paid 15:57:02 I can get free food off the ineternet anyway 15:57:06 I mean it's like any currency, you want to take advantage of good exchange rates lol 15:57:16 and this is in the UK too 15:57:39 i bought gold with bitcoins just today 15:57:53 too late .... 15:58:11 had to do it yesterday at 800$ 15:58:38 what do y'all think of the 100,000 valuation? 15:58:49 ? 15:59:27 http://falkvinge.net/2013/03/06/the-target-value-for-bitcoin-is-not-some-50-or-100-it-is-100000-to-1000000/ 16:00:46 yeah, if btc was accepted like gold it could indeed raise until 1000000 16:00:47 too low 16:01:02 cayce: you think higher? 16:01:07 one financial guy said that 16:01:20 170k would allow bitcoin to encapsulate us debt 16:01:37 that's a good metric imo 16:01:50 so 170k per btc 16:01:51 the price of all bitcoins together should be the the same as all gold together 16:02:01 I think it could be higher, depending 16:02:04 17 trillion dollar bitcoin economy per year 16:02:07 seems reasonable 16:02:22 = 1000000/1BTC 16:02:25 also means 1 satoshi = 1.7c 16:02:27 heh 16:02:52 I just use "encapsulate US debt" cause there are lots of financial flows that big 16:03:03 large indistrialized economies are that large 16:03:13 so if it can do one economy, I think that's a good measurement 16:03:49 i don't think btc will hit 10000 at all 16:03:54 anyway, I must go and try to present on 4 hours sleep 16:03:54 not even 9000 16:04:03 *** complex (litehode@complex.users.cryto) has joined #crytocc 16:04:04 by then, better currencies hv been created 16:04:09 and money is just paper :P 16:04:27 It will be a long time before that happens 16:04:27 cayce: that puts it at 1.4 mil, not 140k 16:04:36 9 zeros? 16:04:41 yea 16:04:47 17 tril / 12 mil 16:04:48 9 zeros is trillion 16:04:59 thats insane no way 16:05:09 thats just getting ur hopes too high 16:05:22 1.7 cents per satoshi times 9 zeros 16:05:25 17 tr 16:05:27 * Charles can bet that it won't reach such a high 16:05:27 what would make it feasible for that to happen though 16:05:27 12 zeroes is a trillion, 9 zeroes is a billion 16:05:35 oh 16:05:37 haha wops 16:05:39 Charles: It's basic mathematics and economics 16:05:46 no just algebra 16:05:48 but 16:05:51 4 hours sleep = bad algebra 16:05:51 lol 16:05:54 mah bad 16:05:59 I agree there are some gotchas 16:06:08 for instance, other ccs gaining some marketshare 16:06:33 what makes it feasible is enough people using it and enough businesses accepting it 16:06:51 this whole concept is a lot less complex than it sounds 16:07:24 heh 16:07:44 i think there is just a need for one cc in the end 16:07:46 hmm 16:07:50 at 1 mil per btc, the smallest dvisible fraction of a btc would be 1 cent 16:07:56 Charles:) you willing to bet on that? 5 bucks of btc now, paid at the future price if it goes over 10k? 16:07:57 interesting 16:08:23 multihate: I agree, but I don't think the markets will ;) 16:08:26 but there is still a need for a hackers coin 16:08:28 good thing for us 16:08:33 ? 16:08:37 what would that be 16:08:50 bleeding edge coin 16:08:51 one that breaks big passwords 16:08:51 heh 16:09:09 like shadow files and all tat 16:09:12 how can it reach a million. i think it wouldnt even hit 10000, its gg to crash and never rise again. sad story of btc. 16:09:12 :( 16:09:13 agh, I must go lol 16:09:34 bye cayce !o/ 16:09:39 o/ 16:09:44 there is a sexcoin imagine 16:09:56 Charles: If there are that many transactions per year using it, then that's how much it would be worth 16:10:01 you can buy dildos with that 16:10:42 some coins you can even earn some kinda interest 16:10:49 proof of stake 16:11:21 pzuraq, people wld want to kill these btc users lol 16:11:31 and some hackers r gonna find a vulnerability 16:11:31 soon 16:11:47 they already did find 16:11:48 and everyone would wanna cash out, it would crash 16:11:58 nobody would blv in btc again :( 16:12:03 and it will be zero 16:12:15 multihate: What vulnerability? 16:12:28 and they r developing better ccurrencies 16:12:31 you need 51% of the total hashing power to attack a coin 16:12:47 not too easy with bitcoin 16:12:51 that's a ridiculous amount of power 16:13:15 that's brute force, not worried about that until we have quantum computers 16:13:29 the network adapts to that too 16:13:30 I'd be worried about some other structural flaw 16:13:49 ? 16:14:06 if the hashing power raises like it did when asics came out the difficulty will raise 16:15:10 first few to have quantum will get rich and the rest will have the same as today 16:15:56 shit you're right 16:16:20 as long as you can pay your electricity bills with mining it will be ok anyway 16:16:24 so, is there a hard cap on btc, or will more always be made? 16:16:34 hard cap 16:16:43 was it 24 mio? 16:16:47 21 16:16:48 mmk 16:16:58 12 mio r already on the market 16:17:08 bitcoin is an investors dream 16:17:11 why is even there a cap? 16:17:24 deflation protection 16:17:24 have to wonder if the maker considered that 16:17:44 wouldn't it be inflation protection? 16:17:58 and I still think that's problematic, given btc can be destroyed 16:18:34 i am sure that a government with big innovations and hashing power in general can destroy any cc 16:18:47 or with market tactics 16:19:12 or even by law 16:19:35 I meant individual btc 16:19:38 has to be kinda global stuff to work though 16:19:43 not the currency as a whole 16:19:56 the wallet on your pc u mean? 16:19:57 the number of btc in existence has a cap, yet btc can be lost 16:20:03 yes 16:20:04 yeah 16:20:13 wallets can be deleted 16:20:21 robbed 16:20:36 more worried about deletion than theft 16:20:40 if they are deleted it will be gone 16:20:40 do lost/deleted/robbed bitcoins still count as the 21mil? 16:20:49 in the 21mil* 16:20:51 yeah 16:20:54 hmm 16:20:56 gone forever 16:21:10 see, long run that could be a structural flaw inn btc 16:21:19 ^ 16:21:20 NOTE that this is a hard problem to solve 16:21:31 i dont think so 16:21:31 consider what we do to solve it in the US 16:21:34 we have the Fed 16:21:41 What is the structural flaw in btc? 16:21:43 they print money at a certain rate 16:21:44 thats right 16:22:21 as soon as a government is willing to fight to get bitcoins it will be like gold 16:22:23 How is deflation a structural flaw? You can argue that inflation in fiat currencies is a flaw. 16:22:41 lysobit: Not programmatic flaw so much as economic flaw. The number of btc ever produced has a hard cap, but the number in existence can decrease 16:22:50 theoretically until there are no btc left 16:22:55 i am not a programmer 16:23:20 but in the end it doesnt matter if there are 21 mio or just 15 mio 16:23:28 pzuraq: again, how is that an economic flaw? 16:23:34 it can be divided in small pieces 16:23:52 pzuraq: Bitcoin is like gold, the demand always increases buy supply doesn't 16:23:53 btc is just like art 16:23:58 is that a fair comparison 16:24:06 but supply* 16:24:15 its an experiment 16:24:25 see if it works or not 16:24:46 lysobit: Eventually we run out of btc and the currency dies because it's inviable. It's not a flaw that will destroy it or prevent mass adoption, more like a flaw that could kill it in a century or two. 16:25:00 at least atm it is widely accepted and financial papers are writing about it 16:25:01 yeah 16:25:03 pzuraq: saying we'll run out of btc is like saying we'll run out of gold 16:25:08 or any other limited commodity 16:25:10 its freaking art. think bout it 16:25:24 pzuraq: you are assuming that everyone in the world is going to lose their private key 16:25:29 its an idea 16:25:34 pzuraq: that simply seems absurd 16:25:35 art has no use. u just give it value. gold still has use. 16:25:36 lysobit: Very hard to destroy matter, not so hard to erase a series of bits 16:25:37 no 16:25:51 I'm assuming that here and there, one or two people will 16:26:04 pzuraq: how will that cause us to run out btc? 16:26:04 the 21mil limit might cause demand to drop imo 16:26:05 much like how every once in a while, someone rips a dollar 16:26:06 oh and btw, FREE HAMMOND 16:26:22 FREE JEREMY HAMMOND 16:26:24 pzuraq: so, it's not going to cause the amount of btc to go to 0 16:26:31 lysobit: Eventually. It could take centuries, millenia. 16:26:40 pzuraq: even if there is 0.0001 bitcoins left in the world, it's still a viable currency 16:26:40 not quickly, no 16:26:48 hmm 16:26:54 it will be harder to mine every day 16:27:11 maybe, depends on what you mean by viable 16:27:15 the last bitcoin will be almost impossible to mine 16:27:20 if there is 0.0001 bitcoins left in the world the I'm sure it will affect the amount of people using it 16:27:21 truth 16:27:27 ^^ 16:27:32 No, it won't at all 16:27:48 Because Bitcoins are just digits, in theory they are infinity divisible 16:27:51 if we shoot all our gold in space we will have just this whats still hidden 16:28:04 what do think it will be worth? 16:28:11 u cannot divide by zero 16:28:14 For example 0.00001 Bitcoins could be worth what 21 million bitcoins are today, if there are only 0.00001 bitcoins left 16:28:29 Charles: that is only a problem if the amount of Bitcoins in the world goes to 0 16:28:29 right 16:28:31 no lysobit that's insane 16:28:38 Charles: no, it's not at all. 16:28:43 it just becomes even more confusing to the average person 16:28:45 lysobit: They aren't infinitely divisible by design 16:28:46 that can happen 16:28:58 but then nobody will care 16:28:59 the minimum fraction is 0.00000001 16:29:08 pzuraq: right now they can be divided to 8 decimals, but the protocol can easily be modified to allow for much more 16:29:08 because its worth will be 0 16:29:13 otherwise I would agree with you 16:29:15 pzuraq: see the bitcoin FAQ, hold on 16:29:16 value 16:29:25 lysobit: Then that would be a different cc, no? 16:29:31 nobody wants to appreciate a lonely btc. everyone will drop it altogether and it will crash. 16:29:36 as long as people tread it like money they will try not to lose it 16:29:42 no more btc *poof* 16:30:14 what would cause the people selling stuff for BTC to no longer sell? 16:30:23 so as long as its worth something, people will have multiple copies of their wallet 16:30:29 multihate, nobody is gg to treat it like money ten yrs later 16:30:41 maybe 16:30:43 maybe not 16:31:05 nobody wants to appreciate a lonely btc. everyone will drop it altogether and it will crash. 16:31:18 So if 99% of the Gold in the world is lost, Gold will be worthless? 16:31:30 lysobit: Gold has intrinsic value 16:31:30 people will see tha we just belive in btc just like we blv in paper. 16:31:33 No, it will just be infinitly more valuable 16:31:36 it will be 100 times more valuable 16:31:52 pzuraq: gold is a store of value, like Bitcoin. It's intrinsic value is in its limited supply. 16:31:55 130000$ an ounce 16:32:11 they will forget gold altogether 16:32:18 never 16:32:20 pzuraq: Do you think people who invest in Gold buy it to "use" gold? No, they just use it as a store of value 16:32:28 gold will be forever dude 16:32:30 99% gone. that one percent is not worth it. 16:32:40 * Charles is confused 16:32:46 lol, you obviously don't know how supply and demand works... 16:32:51 lysobit: Gold is used in electronics. BTC's value comes from the same place all fiat currencies come from, confidence and actual use. 16:32:52 bitcoin is at risk 16:33:05 it's much easier to loose BTC than gold 16:33:15 If there is only one btc left, it will be more of a collectors item than a valuable currency 16:33:22 ya pzuraq confidence 16:33:32 yes yes 16:33:34 the last bit of gold would be seized for use, eventually 16:33:35 ^^^ 16:33:35 possible 16:33:46 pzuraq: right, but the reason why gold is so expensive is not because there is a high demand of it for use in electronics. The demand has been going up for hundreds of years 16:33:50 but if people lose that much they didnt care about 16:34:03 like cc that have died already 16:34:07 chinacoin 16:34:15 worth nothing 16:34:26 LOL 16:34:46 true, and this is something that will and has driven btc as well, but if a posit that if a critical mass were to be lost, then the masses would move onto anther cc, causing btc to lose it's value 16:35:04 you dont lose what has value 16:35:07 btc may be rising now. but its gonna drop in a few yrs.so cash out soon when ur satisfied ;) 16:35:14 You're assuming that everyone will lose their Bitcoins overnight. That's not going to happen. What would happen is people slowly lose their Bitcoins, thus decreasing the supply and raising the value of Bitcoin 16:35:21 if you have 10000usd in btc you wouldnt just lose it 16:35:21 Charles: That's unlikely 16:35:27 btc may be rising now. but its gonna drop in a few yrs.so cash out soon when ur satisfied ;) 16:35:33 Yes Charles, please cash out. :) 16:35:44 ;) 16:35:45 lysobit: I'm assuming that it will happen over the course of 100 years 16:35:59 I'm also assuming there will be competing currencies 16:36:02 to me it was already worth it 16:36:10 pzuraq: possibly. but all that means is that Bitcoin will deflate 16:36:32 technology is becomin more advanced, more will flock elsewhere 16:36:37 its possible that it will be accepted at ebay 16:36:44 bitcoin will never be universally accpeted imo, because its market share can easily change... everyone can move onto the next cc 16:37:09 when that happens it will be accepted worldwide (-some) as a payment 16:37:16 pzuraq: I'm also assuming there will be competing currencies<<< The only reason why people might move to the next CC if it has greater advantages of Bitcoins, and that's perfectly fine. So what? There are already hundreds of currencies in the world. 16:37:38 if a cc comes along and offers unique features which can't be easily copied, then it has an advantage 16:37:49 lysobit: Agreed... until the tipping point, when enough btc are lost that is no longer as viable as a currency (compared to competing currencies) 16:37:55 the acceptance curve is still going up 16:37:56 when ebay starts, alot of others will follow 16:38:02 lysobit, btc will have no worth 16:38:03 again, could take 1000 year-s 16:38:24 and boom, what u thot cld be a million is now five dollars 16:38:24 Charles: that's again unlikely 16:38:25 lol 16:38:28 could be that in 1000 ys its the only existing currency 16:38:31 Charles, as long as people can buy stuff with Bitcoins, they will have a worth. It's simple as that. 16:38:34 anyway new ccs might be affected by the potential loss/destruction of bitcoin 16:38:39 multihate: Very possible 16:38:40 right lyso 16:38:45 Charles: Bitcoin is not a stock, you seem to be missing that. 16:38:51 .bitcoin 16:38:52 1 BTC = $569.97, 1 BTC = €450.00 16:38:52 ^_^ 16:38:52 It's a currency that people buy things with 16:39:05 Its getting ever so closer to that $700 mark 16:39:08 DrWhat: I'm guessing you have btc? 16:39:19 it was much much higher yesterday 16:39:20 So stop treating it in terms of a pure speculative currency and treat it as a medium to buy things with. 16:39:25 I know 16:39:27 speculative commodity* 16:39:29 it was $620 16:39:49 what will happen to the value when ebay starts accepting it? 16:39:50 DrWhat, ur 0.2 on litecoin? 16:39:53 almost 800 16:39:55 will it explode? 16:40:01 possible 16:40:08 lol connor 16:40:12 * Charles shrugs at question 16:40:17 Anyway, that cat is aready out of the bag. At this point Bitcoin is going to be either all or nothing in 10 years time. 16:40:40 im betting nothing >< sorry 16:40:44 *** GHOSTnew has quit (Ping timeout) 16:40:47 I see the latter as extremely unlikely at this point 16:41:00 just depends of some big stores to accept it 16:41:12 in ten yrs? it's likely. not the next two yrs 16:41:12 I think quantom computing would destroy it somehow 16:41:13 ebay, amazon or so 16:41:15 I heard starbucks was considering 16:41:21 no it wouldnt 16:41:22 not just due to the 51% hash rate 16:41:35 its like saying asics will destroy btc 16:41:39 it didnt 16:41:46 connor: er, no. Bitcoin protocol takes into account any cryptographic weaknesses that may arises in the future and is extensible 16:41:54 Also 16:41:57 they said gpu mining will destroy btc 16:42:02 what about the bruteforce of keys 16:42:04 or similar 16:42:18 51% neccecary 16:42:30 If a quantum computer was to exist tomorrow that can calculate any private key, your Bitcoins would be safe as long as they are stored in a wallet that hasn't spent any Bitcoins yet. 16:42:36 I don't think quantom computing will destroy bitcoin due to the hash rate 16:42:42 i think that its not possible for one government alone to do that 16:42:45 but what about if it could provide a way to crack keys 16:42:46 *** GHOSTnew (GHOSTnew@GHOSTnew.users.cryto) has joined #crytocc 16:42:52 Hashing algorithms aren't crackable by quantum computer advancements 16:43:02 Public/private key crypto is, however 16:43:19 they just hash much faster and therefore will raise the difficulty 16:43:28 multihate, I know... 16:44:07 the question is always who will be able to do that and why would he do that 16:44:16 "Bitcoin's security was designed to be upgraded in a forward compatible way and could be upgraded if quantum computing were considered an imminent threat. " 16:44:21 https://en.bitcoin.it/wiki/Myths#Quantum_computers_would_break_Bitcoin.27s_security 16:44:41 ah 16:44:59 if i had one i would try to get rich with it instead of trying to attack it 16:45:08 ^^^ 16:45:14 srs 16:45:20 lol 16:45:20 remember, 1.4 mil 16:45:21 each 16:45:24 Cracking bitcoin address isn't getting rich? :P 16:45:34 a gov will surely try to get $$$ out of it 16:45:45 lysobit: Not if it causes an immediate panic/selloff 16:45:51 what do you mean? 16:45:52 I might invest in BTC then 16:46:05 Actually if quantum computing arises, government and banking encryption will be broken, so a government has no reason to do that 16:46:13 if btc is broken in some way, it could cause a panic 16:46:14 i dunno if the time is right to invest now 16:46:15 then sell them off when ebay or somwhere similar accepts them 16:46:24 price is oscillating alot 16:46:25 pzuraq: I'm sure that the protocol will be upgraded long before quantum computing becomes viable 16:46:28 you could lose 16:46:44 i bought some at 100 16:46:47 multihate: yeah, people were asking the same question when bitcoins were worth $30 a year ago. 16:46:50 how much do you guys have in BTC atm? 16:46:53 .title http://falkvinge.net/2013/03/06/the-target-value-for-bitcoin-is-not-some-50-or-100-it-is-100000-to-1000000/ 16:46:55 lysobit: The Target Value For Bitcoin Is Not Some $50 Or $100. It Is $100,000 To $1,000,000. - Falkvinge on Infopolicy 16:46:59 lysobit: So they can change the protocol of the current chain? 16:47:02 thought that it is a value easy to remember 16:47:16 pzuraq: No, the protocol would be backwards-compatible with the existing chain 16:47:26 "Bitcoin's security was designed to be upgraded in a forward compatible way and could be upgraded if this were considered an imminent threat. " 16:47:40 ok, so security can be changed 16:47:42 yes 16:47:49 can divisibility be changed? 16:47:51 hard fork 16:47:58 In theory, yes, pzuraq. 16:47:59 multihate, I think it's fine investing any time, I think the price will dramatically change sometime in the next 10 years 16:48:04 ah 16:48:06 that changes a lot 16:48:09 aleady happened to bitcoin 16:48:28 pzuraq, it's sort of like the upgrade to IPv4 to IPv6. 16:48:36 * Charles is tired of BTc talks 16:48:36 lysobit: In light of that I retract some of my earlier arguments. 16:48:42 brb 16:49:48 its also possible that some other coin will take btc place in the future 16:50:10 "Each Bitcoin is infinitely divisible. If you want to divide them further than a Satoshi, the software would have to be updated to support it, but it's simple. The system (on paper) supports infinite divisibility." 16:50:10 due to the speed of transactions which are faster in most of the newer coins 16:50:57 *** Zekka has quit (Ping timeout) 16:51:01 *** Thor (numz@cryto-BC0172F.sypherz.com) has joined #crytocc 16:51:09 multihate: transaction speed isn't really a problem imo, it usually takes seconds for an unconfirmed transaction to propagate across the network 16:51:21 thats right 16:51:25 lysobit: Will that scale? 16:51:26 i just saw it tody 16:51:35 like 5 minutes 16:51:47 but some do it in 30 seconds 16:51:54 or like instantly 16:52:02 primecoin is very fast 16:52:19 and the concept is better than btc 16:52:22 pzuraq, it will as Moore's law does, but I suspect in the future the average joe will not be running a full Bitcoin node on their computers, but nodes will probably run exclusively by miners in datacenters, who profit from transaction fees 16:52:56 and they will have to invest alot to make it profitable 16:52:56 When you say btc node, do you mean hashing or wallets? 16:53:18 pzuraq, the Satoshi's origin protocol actually describes a scenario where clients don't download the full blockchain but on parts of it 16:53:40 pzuraq: not hashing, a node that has the full blockchain and relays transactions to other nodes 16:53:52 ah 16:53:55 interesting 16:54:07 pzuraq: but still, in the future I suspect only miners will run nodes with the full blockchain 16:54:27 it is already like that lyso 16:54:34 multihate: indeed, with MultiBit 16:54:41 multihate: and not really 16:54:49 multihate: thousands of people still run Bitcoin-QT 16:54:56 but not as a server 16:54:57 with downloads the full blockchain 16:54:59 such as myself 16:55:02 which* 16:55:04 lysobit: Do you think any other cc's stand a chance at gaining some marketshare? 16:55:14 like bitcoin.conf server=1 16:55:18 pzuraq: Well, Litecoins are worth $5-$10 today, so sure. 16:55:25 hmm 16:55:36 yeah, I'm going to diversify 16:55:37 pzuraq: will they gain as much as a market share as Bitcoin does? Unlikely. 16:55:41 they just keep the blockchain up to date 16:55:47 agreeh 16:55:50 agreed* 16:55:56 and make part of the protection also 16:56:27 Bitcoin is already an international currency. There isn't much need for any other cryptocurrencies which do the same job unless they have fundamentally different characteristics. The current altcoins don't really imo 16:56:30 acceptance of a transaction and blocks are made only by server=1 16:56:48 confirmations i mean 16:57:10 or maybe deamon=1 do that 16:57:21 lysobit: I still think people will use them, if only because they can 16:57:26 gtf 16:57:26 gtg 16:57:27 but they will be fringe currencies 16:57:43 the more acceptance the stronger it gets 16:57:44 *** Charles has parted #crytocc (None) 16:57:50 not talking about the value 16:57:58 pzuraq: there is certainly a small niche for them. But IMO most of them are created by people pissed off that Bitcoin is so hard to mine right now. The only different with Litecoin is that they are easier to mine 16:58:05 diffence* 16:58:06 lol 16:58:09 truth 16:58:14 https://litecoin.org/ 16:58:21 are litecoins still mineable? 16:58:22 thats why they are cheaper 16:58:26 "It is based on the Bitcoin protocol but differs from Bitcoin in that it can be efficiently mined with consumer-grade hardware. Litecoin provides faster transaction confirmations (2.5 minutes on average) and uses a memory-hard, scrypt-based mining proof-of-work algorithm to target the regular computers and GPUs most people already have" 16:58:31 I only have a little macbook air 16:58:48 with gpu they are ok, but close to not profitable 16:59:10 hmm 16:59:33 could setup my old pc to run in the basement next time I go home 16:59:37 with a mac u can mine some new crap coins maybe 16:59:42 lol 16:59:58 *** achus (achus@cryto-1D51B44C.ighost.se) has joined #crytocc 17:00:33 u need at least a very new multicore processor to mine some cpu coins 17:00:36 can someone explain to me how you would profit off bitcoins if the value were to suddenly increase 17:00:53 surely if the value was high then nobody would be buying? 17:00:58 and buying it just for mining is not worth it 17:01:07 connor: you buy them at a lower price, and then sell them at a higher price? 17:01:15 lysobit, yeh I thought that 17:01:18 good idea 17:01:30 connor: no, the opposite. If the value is so high that means more people are buying. 17:01:31 but if the value was high, who would be buying them? 17:01:32 or you sell/buy cross coins 17:01:39 connor: because if the value is high, then that means there is a high demand. 17:01:45 hmm 17:02:00 lbitcoin/namecoin and hundreds of others 17:02:12 btc /ltc 17:02:18 how long is there before people stop buying due to the high price 17:02:20 connor: They can also buy fractions 17:02:24 check btc-e.com 17:02:27 mBTC, uBTC 17:02:37 there are others 17:02:48 mcxnow.com 17:02:59 easy to register 17:03:04 fast transactions 17:03:18 and you can start gambling 17:03:42 u can win or lose 17:04:11 how did novacoins get so much worth? 17:04:14 damn 17:04:18 change it it bitcoins, send it to your wallet and buy a pizza of the winnings 17:05:53 http://www.bitgild.com/ 17:06:20 you get your ounce of gold and keep it in your safe 17:06:45 then the bitcoin can die and it was still worth it 17:07:10 would rather put the bitcoin on a sub and put that in my safe 17:07:20 if it stays and gold price raises anyway you are even better 17:07:39 Gold fluctuates a bit 17:07:46 its on a down 17:07:57 thats why i bought it with bitcoins 17:08:07 haha 17:08:08 bitcoin high gold low :D 17:08:15 brilliant 17:08:30 how much do you guys have in BTC atm? 17:08:37 gold was at $1500 when I sold mine 17:08:45 i dont tell u 17:08:46 wish I had invested in btc 17:08:58 u still can 17:09:01 connor: none 17:09:03 i dont quite understand the clarkmoodygraph 17:09:04 ok 17:09:06 but chose a good time to get in 17:09:07 multihate: No monies :( 17:09:10 yes 17:09:25 no money no investing in anything 17:09:46 more work=more money=investing 17:10:02 that's why I'm working my ass off 17:10:19 or u play poker 17:10:24 start small get big 17:10:24 lol 17:10:36 i started with pennies 17:10:36 online poker? 17:10:45 good place to start 17:11:04 better than going to the local live games where they rape your ass 17:11:06 I don't gamble 17:11:12 lol 17:11:16 then I hear poker isn't gambling 17:11:23 what poker site(s) did you use 17:11:24 right 17:11:29 i used all 17:11:36 bonus whoring 17:11:52 cashin playy down the bonus, cash out 17:11:59 for years 17:12:07 then i started live gaming 17:12:10 how much profit did you make xD 17:12:20 small in the beginning 17:12:32 esp losing in the beginning 17:12:47 my first 50 bucks were gone in minutes 17:12:54 lol 17:13:05 then i thought its better to start learn about the game 17:13:22 ha yeh 17:13:26 prolly a good idea 17:13:56 play with money that u can afford and keep a strict bankroll management 17:14:51 * multihate is off for a puff 17:16:12 I dunno 17:16:16 maybe 17:16:19 *** Zekka (zekka@cryto-CAD4881C.arizona.edu) has joined #crytocc 17:21:17 damn 17:21:20 low was 380 17:24:13 at that point nobody but maybe a few didint know where it was going 17:24:22 could get lower 17:24:27 have to leave 17:24:28 later 17:24:33 *** multihate has quit (User quit: Page closed) 17:37:36 .bitcoin 17:37:37 1 BTC = $593.00, 1 BTC = €452.01 17:37:44 Its accualy $600 atm 17:47:13 Its accualy $600 atm 17:47:13 .bitcoin 17:47:14 1 BTC = $598.00, 1 BTC = €452.01 17:47:25 ;o 17:48:25 Ok so 1 month ago i said it was predicted to be at $700 by the end of november 17:48:37 I was right 17:48:39 :D 17:48:49 Only 10 days to go 17:49:01 i made a $500 prefit 17:51:18 ;o 17:51:19 cool 17:54:14 *** Zekka has quit (Ping timeout) 18:02:44 *** Zekka (zekka@Zekka.users.cryto) has joined #crytocc 18:05:55 *** Zekka has quit (Ping timeout) 18:06:57 *** Thor has quit (User quit: Quitte) 18:08:24 *** Zekka (zekka@cryto-E94CCF21.arizona.edu) has joined #crytocc 18:12:04 So, ok, let's talk about bitcoin 18:12:11 :P 18:12:47 I predict people get tired of talking about it in a month 18:13:04 You're right. Bitcoin is just magical internet money, it's silly tbh 18:14:14 I can't even bring myself to remember and repeat all the stuff that was said to support ^^^ that :P 18:17:31 Bitcoin is silly. Firstly, the U.S. government is going to regulate it and destroy it because of it's potential for terrorism and drug dealing. It has no potential for legitimacy. Secondly, what we're seeing right now is just a bubble. Bitcoins are worthless and backed by nothing, wheras fiat currency such as the U.S. dollar is backed by the U.S. government, which we have confidence in. 18:18:15 we have confidence in the U.S. government!? 18:18:49 Also note the fact that it's clearly virtual, so anyone can make any number of these 18:18:58 Also, the idea that Bitcoins can be earned on the whim by trading electricity is stupid. In a viable economy, money is earned by selling goods or services, not generated or printed on the whim. 18:20:05 And if usgov won't regulate it, it will still die 18:20:20 Unregulated currency can't really exist 18:20:46 Yeah. I mean, why do you think the gold collapsed in the 1920s? 18:21:41 Oh, and to draw parallel with gold, as stupid people are hoarding btcs, it'll also die as no one will part with their coins, so no free coins for transactions around 18:22:14 Hence no point of the whole thing at all! 18:23:12 Also it's ridiculously easy to counterfeit bits 18:23:20 Like, you just copy them and that's it 18:23:30 Every computer can do that 18:24:12 Yeah, and if not, Satoshi will probably add DRM to the bits, creating a centralized monopoly of Bitcoins. 18:26:22 I heard they already have one big encrypted ledger 18:26:39 Guess that Satoshi has the key and manages it 18:29:08 Wow, someone out there has a ledger of every transaction? That's fucked up 18:29:36 "anonymous" my ass 18:30:59 you mean bitclock... 18:31:00 you mean bitclock... 18:31:03 bitblock 18:31:33 And they use computer encryption anyway, everyone knows that is broken by agencies all around the world 18:31:52 *bitcock 18:32:31 Yeah, and besides, private keys will probably be crackable on desktop computers in 5 years time thanks to Moore's law 18:32:43 *** monod (~pmpf@cryto-B351697A.retail.telecomitalia.it) has joined #crytocc 18:32:58 hello guyz 18:33:06 loggy, pointer? 18:33:06 http://wire.cryto.net/logs/crytocc/2013-11-20#T18-33-06 18:33:12 loggy, free money? 18:33:14 have some?= 18:33:16 any* 18:33:20 oh... :( 18:33:34 It's all moot points, no one in their right mind will use these bitcains anyway 18:34:04 It's all just to scam money out of people on some sites in exchange for bits 18:34:19 It's all a giant Ponzi scheme 18:34:55 I recall Ponzi being an expression for smoething, yet I can't recall what it refers to 18:35:01 If it's not in Economy books, it clearly can't exist 18:35:11 It will fail like any other digital currency. We've already seen this before in the 90s with currencies like Flooz. 18:36:08 You can't use btc anywhere (i.e. wallmart), so buying them is totally pointless 18:36:10 And the Bitcoin company will get shutdown for money laundering just like Liberty Reserve, or e-gold 18:36:37 lysobit, because it is not an allowed activity? 18:36:48 (legally allowed) 18:37:03 Even if not shutdown, it will never attract anyone competent enough to maintain the thing 18:37:21 Tech talent costs a lot of money, just look at the enterprise software 18:37:33 Exactly. The only place you can buy things with them is blackmarkets, to by CP, drugs or weapons. It's so complex that it can be used for terrorism, god forbid. 18:37:36 And I mean *real* money, not some bits! 18:37:39 buy* 18:37:42 the thing with bitcoin is 18:38:16 All "complexity" there is just an obscurity layer 18:38:18 .help 18:38:24 .damn 18:38:28 (:D) 18:38:29 Everyone knows security by obscurity doesn't work 18:39:03 it's on page 10 of good modern cryptography books 18:39:09 And in fact it's not even a security, just technobabble to fool people into giving you dollars 18:39:38 (so you can presumably buy some terrorist things for them) 18:39:46 It's probably why Satoshi disappeared and was so private. So that he doesn't end up in jail after he collects his dollars from this giant scam. 18:40:02 They'll find him anyway 18:40:04 Satoshi? 18:40:12 NSA knows where averyone is at all times 18:40:17 And that's awesome! 18:40:27 Probably. If they can find Osama Bin Laden, they'll find Satoshi, who is worse than Hitler imo. 18:40:45 monod: the creater of Bitcoin, Satoshi 18:40:48 Yeah, at least Hitler didn't lie and then hide behind pseudonyms 18:40:59 Hitler is a saint compared to Satoshi 18:41:04 He was an honest man that stood for his beliefs 18:41:18 what lies did this Satoshi told? and did he hide somewhere in time? 18:41:19 indeed, and Satoshi is just a criminal scum that supports drugs 18:41:31 too much of a question that I could ask to google maybe... 18:42:13 People on the internet are so dumb to fall for such an obvious trick 18:42:17 monod: he probably exploited the non-linear nature of time, and coupled with a cryptographically secure pseudorandom number generator, he has hidden at a random point in time 18:42:29 *** Zekka has quit (Ping timeout) 18:43:04 what kind of trolling is that?? :D 18:43:06 lysobit, ^ 18:43:09 ? 18:43:25 ops sorry, were you serious? 18:43:32 yes.... 18:43:40 I have a hard time understanding irony vs. non-irony in English :( 18:43:42 My bad :D 18:43:46 np 18:44:03 monod, You'd do well to read the backlog, too 18:44:04 It is hard to detect irony or sarcasm over the internet. 18:44:15 it's because of a brain's area, responsible for understanding mixed up things in language 18:44:22 MK_FG, I think so :D 18:44:32 monod, So that you won't fall for that scam, like all the other stupid people on the internet 18:44:43 lysobit, nono, only if you're not acquaintanced with the language, I guarantee you ;) 18:45:04 Thanks for the tip! MK_FG 18:45:21 *afk reading logs* 18:45:21 loggy, pointer? 18:45:21 http://wire.cryto.net/logs/crytocc/2013-11-20#T18-45-21 18:46:03 monod, From there - http://wire.cryto.net/logs/crytocc/2013-11-20#T18-13-04 18:46:15 oh wow, thanks very much :) 18:46:24 * monod scrolls down tha page 18:46:36 * monod actually clicks the link :D 18:49:07 I hope after that there'll be no question of whether it all was serious :P 18:49:29 hehehe, I think I should hope the same :D reading byw 18:49:31 btw} 18:49:33 btw}} 18:49:35 argh 18:49:52 *shift+CAPS*btw* 18:49:59 *gosh* 18:50:30 See? Me and lysobit figured the greatest scam of the decade 18:50:48 Should probably write a paper on it or something 18:51:21 * monod is astonished for the moment. *I really hope I will fully understand this because this seems serious as you speak about it.* 18:51:34 Oh come on! 18:51:50 am I silly? Tell me, what? 18:52:08 I keep reading ok? before answering I mean :D 18:52:49 You should've spotted the joke from like first 5 lines 18:52:57 goddamn it. 18:53:16 I can't anymore show my face (nickname) here from now on. 18:53:38 this is so embarrassing, and I tell you what: you may also joke me about the last thing you said! 19:01:41 will buying bitcoins decrease their value? Also meaning that selling them, changing them back for physical money, would increase the BTC --> $ exchange rate? 19:02:16 17:01:30 connor: no, the opposite. If the value is so high that means more people are buying. 19:03:15 doesn't this only apply to goods? If there's a lot of demand for them, their price will rise? But isn't the opposite for money? 19:03:33 I'm thinking of inflation&deflation 19:04:46 The principal of suppy and demand applies to anything you can buy and sell 19:05:40 given scarcity 19:05:43 wait a minute :D 19:06:06 here we're talking of goods or money? :D Doesn't this radically change the meaning? 19:06:52 money is a good 19:07:54 how can that be? I think there's some fallacy? 19:08:03 if there are 2 euros in France e.g. 19:08:21 you "buy" 1 euro for 2 dollars e.g. 19:08:35 the remaining euro values more than 2 dollards now, nope? 19:08:42 a good is anything people are buying and selling, supply and demand are the same for all goods in large enough economies. 19:09:23 It's when you get to smaller economies that intrinsic value may become more important. Or disrupted economies. 19:10:37 intrinsic value == like if the value of a certain good is a "property" of its? 19:11:02 [19:08:05] if there are 2 euros in France e.g. 19:11:02 [19:08:23] you "buy" 1 euro for 2 dollars e.g. 19:11:02 [19:08:37] the remaining euro values more than 2 dollards now, nope? 19:11:11 yeah, like how food is valuable because you can eat it 19:11:14 If there are 2 euros in France, a euro would be worth a lot more than 2 dollars ;-) 19:11:39 monod: but in theory, yes if more people are buying euros than people are selling euros 19:11:40 e.g. << :P 19:12:08 ..yes? 19:14:24 Now, or I'm missing some facts for why bitcoins shouldn't lower when more people exchanges money for them (what keeps their value raising while more people buys than how many sell them?), or btc are goods and not money 19:14:30 which sounds weird as well... 19:15:02 Maybe it's an illusion that it's a currency while it just is a very volatile-price good? 19:15:12 (boh) 19:16:43 if more people are buying, then the sellers can pick who they want to sell to 19:16:55 people compete because they want btc 19:17:00 offer higher prices 19:17:08 sellers accept highest prices 19:17:14 prices move up 19:17:18 hang on a minute :) 19:17:33 " offer higher prices" 19:18:05 that offer is wrong, isn't it? the price is not decided by btc owners but merely by currency exchange rates, nope? 19:18:14 that "offer"* 19:18:55 no... there are many offers to buy btc at certain prices and sell btc at certain prices on the exchanges 19:19:12 the rate on the exchange is whatever offer was accepted last 19:19:31 Currency exchange rate is decided by supply and demand, which is decided by how many BTC owners are selling their coins, and how many are buying 19:19:52 or rather, how many coins 19:20:28 For example if only 100 coins are being sold in the market, but people are trying to by 1000, the price will go up because the buyers will compete for the supply 19:20:33 buy* 19:21:15 oh. my. god. 19:22:09 I guess: yes, the _price_ would raise because it would be a good then. But the currency exchange would dramatically drop, no? Because it would then be a currency 19:22:21 but, I was reading what pzuraq said, which is: 19:22:31 (if I'm not mistaking) 19:22:55 A currency is just a good that people agree to exchange for other goods 19:23:11 it's an intermediate good 19:23:43 yet, if you want 3000 piece of breads which is 200% of supply, the price raises 19:24:16 .title http://www.youtube.com/watch?v=FuHQhGqZvY0 19:24:17 lysobit: The Invention of Money and Currency - YouTube 19:24:20 while if you buy 200% (or, better, ask for 200%) of the current currency around, its value (not price) drops 19:24:25 watch that 19:24:28 ok 19:24:50 is this interesting to read or can I skip it? 19:24:51 .title https://bitslog.wordpress.com/2013/09/04/satoshi-machine-one-mystery-is-solved-and-another-opens/ 19:24:53 monod: Satoshi’s Machine: One Mystery is solved and another one opens | bitslog 19:33:51 *** bregganfive (mikaa@cryto-47A2D3C3.tuxli.ch) has joined #crytocc 19:35:36 *** mikaa has quit (Ping timeout) 19:38:02 *** Jaleesa (.@cryto-DA41B2D0.sec.nl) has joined #crytocc 19:46:52 anyone in here experimented with nootropics? 19:49:22 *** Zekka (zekka@Zekka.users.cryto) has joined #crytocc 19:53:28 *** Jaleesa has quit (Ping timeout) 19:55:36 what's a "nonce"? I seem to can't find a decent traduction 20:01:15 *** tintin (tintin@tintin.users.cryto) has joined #crytocc 20:05:04 *** eggtimer (eggtimer@cryto-EC26BF6D.us-west-1.compute.amazonaws.com) has joined #crytocc 20:06:26 *** eggtimer has quit (User quit: Connection closed) 20:14:53 remeber what I say 1k will reach in 10 hours 20:14:53 just remeber I say it 20:14:56 now on freenode 20:14:58 :D 20:15:04 'bout BTCs 20:16:34 *** multihate (multihate@cryto-84C88BCC.torservers.net) has joined #crytocc 20:17:20 *afk* 20:28:21 .bitcoin 20:28:21 1 BTC = $579.00, 1 BTC = €416.00 20:32:17 shit I hope not 20:32:36 I need to get paid and I that's not happening for a few months 20:40:21 *** Zekka has quit (Ping timeout) 20:44:51 Bitcoin already reached $1000 2 days ago then dropped back down 20:45:59 lies 20:47:23 "In Bitcoin we've created the real-life Sci-Fi version of 'Credits'." 20:49:10 You know what we need? We have a decentralized currency, now we need a decentralized exchange 20:51:23 my favorite topic again ... 20:51:51 great idea 20:56:32 I finally read that Satoshi link someone posted today which I reposted too 20:57:01 and ... did not know what the issue was.. something wrong if Satoshi had many computers at his disposal to mine btc? 20:58:16 .title http://www.pearltrees.com/#/N-u=1_1068948&N-p=70331702&N-fa=7341014&N-f=1_7341014&N-s=1_7341014 20:58:18 monod: Page not found - Pearltrees 20:58:24 thanks botpie91 20:58:27 .thanks botpie91 20:58:34 whatever lulz 21:00:11 i still have 24 unreported ips of pedos 21:00:39 I think you can easily throw them in the trash bin if they have dynamic IPs :) 21:01:04 some of them have but i have the complete log 21:01:13 timestamp link etc 21:01:21 are all them from America? 21:01:33 i had 35 21:01:49 11 were from america 21:01:59 reported them at cybertip 21:02:19 macbeth want to dox the rest 21:02:24 s 21:02:43 but i think they should have a chance to justify 21:03:15 where would be the best place to report the rest at once? 21:03:28 I think this: nobody (police-wise) is going to care about a private list of potential pedos, so the only thing I can see for you to do is to public their infos if you're not compromising yourself ("how did you know those information?" or "it's a privacy violation") 21:03:32 like there are italians germans spain and all that 21:03:53 eh 21:03:59 well 21:04:04 proxy server logs :D 21:04:12 I can say something for Italy 21:04:16 live monitoring if i want to 21:04:29 you can just make a police call and denounce them to Italian authorities 21:04:39 if they hear you, they're going to do something 21:04:45 the point is.. will they listen? 21:04:51 which brings me to another question 21:04:57 is this research worth it? 21:05:16 because you may discover many other pedos and still not being able to do anything 21:05:27 maybe 21:05:40 yeah 21:06:05 *** Zekka (zekka@Zekka.users.cryto) has joined #crytocc 21:06:15 i will see what happens to the 11 guys i have sent to cybertip 21:06:16 btw, if it's a hobby that does not take you too much time 21:06:23 oh 21:06:38 it took a lot of time filtering 21:06:45 omg 21:06:49 big proxy big logs 21:06:51 packets? 21:06:54 oh god 21:06:57 just text?? 21:07:08 cat is good in searching 21:07:31 i have like 15 GBs of logfiles downloaded and still monitoring 21:07:38 MY GOD 21:07:42 HOLY **** 21:07:44 that's amazing 21:08:04 there is a big pedo site at icdn.ru 21:08:09 blearh 21:08:14 bleargh* 21:08:15 :) 21:08:18 these honks just felt safe using a proxy 21:08:34 a proxy which logs... you have??! 21:08:42 squid 21:09:01 what do you mean? 21:09:02 access.log biggest file 6 GB 21:09:07 squid proxy 21:09:19 yes, but what do you mean by that? 21:09:40 I only know it's a type of proxy, meaning that it's the software running on that proxy 21:09:42 right? 21:09:49 right 21:09:51 k 21:09:57 like apache webserver 21:10:02 squid proxy 21:10:03 so how is squid related to you having the logs? 21:10:07 (alright) 21:10:17 hrrrmmmm 21:10:28 guy tried to hack me 21:10:52 got into his vnc and made me a user 21:11:16 not HIS vnc but the one he was using 21:11:22 yup 21:11:26 he used this proxy 21:11:51 and being a user guarantees access to packets? 21:11:54 to filter on? 21:11:57 root 21:12:06 i do everything on this one 21:12:37 so far i searched the logs only for the term icdn.ru 21:12:50 I thought you had a brand new user at his same vnc (provider(?)) 21:12:52 found that in the logs and it looked suspicious 21:13:06 no the proxy had vnc access 21:13:22 weak password ;D 21:13:28 AHHH... 21:13:35 like... no password 21:13:36 now I see. 21:13:51 anyways 21:14:00 so from there easy access to logs 21:14:06 damnit 21:14:08 yes 21:14:13 this means you can't legally accuse them 21:14:20 dunno 21:14:27 is reading logs illegal? 21:14:36 it had no password 21:14:53 but you can make a disclosure 21:15:15 i already did with the americans (but 2 that i found later) 21:15:29 cybertip online 21:15:54 macbeth said they will do something 21:16:05 ddosing? 21:16:23 cybertip is the fbi and some friends 21:16:32 might be 21:16:40 look at the page 21:16:49 exactly what I thought :D 21:18:14 cybertip.org 21:18:45 I stomped into *.ca 21:18:47 damn 21:18:52 uhm 21:19:00 it actually seems *.org can't load 21:19:20 https://report.cybertip.org 21:20:03 well, anyways, I'm no one by all means, so I don't even know why should I make you bother about my opinions.. What I just wanted to say is to consider if this is going to help or not 21:20:12 that is, if it's worth it or not 21:20:14 but only know 21:20:15 lulz 21:20:20 at least one day after i reported frequent users they dissappeared from this prox 21:20:27 hahaha 21:20:40 how can it be O_O 21:20:41 strange 21:21:18 well it looks like the icdn.ru site is still operating but i didnt find new people for 2 days now 21:21:46 yes, but... 21:21:49 either there is a pedo around here who warns the others or they really got busted 21:22:03 :) 21:22:10 like a guy from seatlle 21:22:23 online everyday watching cp 21:22:32 one day after reporting: off 21:22:35 for days now 21:22:58 yeah, it seems to me that he may have just switched proxy :) 21:23:05 you don't change a habit like that 21:23:09 otherwise, he got arrested 21:23:18 or, if not, boh.. 21:23:21 i hope the second 21:23:26 we all :) 21:23:28 *** HiveResearch (HiveResear@developers.developers.developers) has joined #crytocc 21:23:30 we all not-pedos xDD 21:23:40 hey there are still alot more keywords to search for 21:23:47 where 21:23:50 is 21:23:52 in the logs 21:23:54 joe 21:24:09 i didnt do a full search for imgsrc.ru yet 21:24:24 it will spit out another 30 pedos 21:24:41 "London bridge is falling down, falling down, falling down, London bridge is falling down, fall-ing-down!" HiveResearch.. where is Mr. Brown? :P 21:25:11 none of you ownes a proxy? 21:25:12 multihate, 21:25:21 (not at the moment) 21:25:41 my doubts are those concerning why you should make all this 21:25:52 because i multihate pedos 21:25:57 haha 21:26:12 I think it kinda is for fun almost 21:26:28 you know in these logs there are links to sites you just dont want to see 21:26:42 i wat logs 21:26:49 just because you remember the pix forfuckingever 21:27:05 or because you get arrested :P 21:27:08 my penis eats chewy 21:27:16 mine makes it. 21:27:49 argh 21:27:51 sleep time for me 21:28:02 have a nice rest of the day 21:28:06 day/night 21:28:18 *** monod has quit (User quit: byebye) 21:28:35 thats my problem now but when i helped to arrest one of these littlecocksuckers then i feel better 21:28:38 if somebody made pix of my kids i would do the bat and the leg thing 21:28:59 they can be happy that they just beeing reported 21:29:17 macbeth would have doxed them all if was quicker 21:29:50 he had everything preperated already 21:30:02 adresses, pix of homes etc 21:30:23 but i still can feed his hunger with some more of them 21:31:21 n8 monod 21:49:26 we should have a #OpPedoReloaded where we feed proxylists with our own setup'd servers and just wait for the deer to come by 21:49:33 totally legal 21:51:01 downloading a 500mb file right now 21:53:12 + search for imgsrc.ru (lots of cp there) gave me lots of new ips 21:59:03 *** iceTwy (iceTwy@cryto-610769D0.fbx.proxad.net) has joined #crytocc 22:01:25 oh boy 22:01:29 have I never felt so shitty in my life 22:18:20 Food poisoning? 22:19:21 Aaand I'm off to the dreamland 22:20:47 *** multihate has quit (User quit: Page closed) 22:25:03 *** Zekka has quit (Ping timeout) 22:32:22 *** Zekka (zekka@cryto-CAD4881C.arizona.edu) has joined #crytocc 22:36:38 *** staticsafe has quit (Ping timeout) 22:36:50 *** staticsafe (ss@staticsafe.py) has joined #crytocc 22:38:20 *** iceTwy has quit (Ping timeout) 22:39:49 *** iceTwy (iceTwy@cryto-610769D0.fbx.proxad.net) has joined #crytocc 23:06:11 *** Zekka has quit (Ping timeout) 23:25:33 *** iceTwy has quit (User quit: Disconnecting from server) 23:30:33 *** Zekka (zekka@cryto-CAD4881C.arizona.edu) has joined #crytocc 23:51:12 *** probably (asdf@probably.users.cryto) has joined #crytocc