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Submission + - Satochi Nakamoto's email address satoshin@gmx.com is compromised (mineforeman.com)

Submitted by ASDFnz
ASDFnz writes: Satochi Nakamoto, much revered and currently missing inventor of bitcoin seems to have had his email address compromised by an unknown agent.

You may or not remember, Satochi exclusively used one email address when he was active in the bitcoin community, satoshin@gmx.com. If you have a look at the original bitcoin whitepaper you will find it there at the top just under the title. He also usually signed his correspondence with his PGP signature.

Earlier today, the head administrator of Bitcointalk Theymos received an email from Satochi’s email address that appeared to originate form GMX’s servers and made a post on the bitcointalk forums saying that he had received an email from the address without Satochi's PGP Signature.

Later developments have the unknown agent posting to other Satochi accounts.

Comment Re:Left wing hitjob (Score 1) 75

by ASDFnz (#47803367) Attached to: Hacker Disrupts New Zealand Election Campaign

The blogger takes money to tell only one side of the story in the first place

Money has not been mentioned and on top of that how do you know? What is fairly obvious is that the releases don't not mention the other side at all. To me it seems that the releases are from only one side, and that person has an ax to grind.

A full release of what is available would be the solution.... but it may damage the left wing as well and it seems that whoever it is does not want that. Until then it just looks like a left wing conspiracy.

Comment Re:Way to go (Score 1) 75

by ASDFnz (#47803289) Attached to: Hacker Disrupts New Zealand Election Campaign

We need alot of more this kind of hackers.
They keep tabs on us, invade our privacy, no reason not to do the same to them.

Hack the planet!

I am from New Zealand and I agree. However I do have an issue as to how it is done.

Unlike Snowden or Wikileaks it is exceedingly obvious that it (and I hate saying this because it is such a cliché) it is some sort of left wing conspiracy. We are only getting half of the story and the releases go to great pains to not damage the left wing.

If everything was released it would have more credibility (with me at least).

Comment Re:Why wouldn't they? (Score 3, Insightful) 67

by ASDFnz (#47797671) Attached to: The Apache Software Foundation Now Accepting BitCoin For Donations

Out of curiosity, are you a new person saying that bitcoin is bonkers or are you one of the old ones that have been predicting the imminent failure of bitcoin for the past 5 years?

My follow up question will be;-

You have been wrong for the past five years, do you have plans to admit defeat any time soon or will you just start saying "I knew it would work all along?"

Submission + - 13th Million Bitcoin Mined (mineforeman.com)

Submitted by ASDFnz
ASDFnz writes: It is in truth a minor milestone but for those who like “large whole numbers” block 310001 has just been mined by Ghash.IO pushing the total amount of bitcoin to 13,000,000.

That means that there only another 8 million to be mined over the next 140 years or so until we reach the total maximum of 21,000,000.

Submission + - Silk Road 30,000 bitcoin auction causing stirs, what happens with it is 144,341? (mineforeman.com)

Submitted by ASDFnz
ASDFnz writes: We did not expect the US Marshals Service to release information about the auction of Silk Road bitcoin last week but in the absence of information speculation both on the markets and on the internet is building.

First Barry Silbert, Founder of SecondMarket and BitcoinTrust has tweeted that they were outbid on all blocks.

Since then Alex Walters (a former core Bitcoin developer and the then chief technology officer of Bitinstant) has posted on reddit saying “I Lost” in his $400 to $500 per coin. That post was closely followed by another reddit user saying that his bid of $451.13 per coin was also unsuccessful.

Routers is also now reporting that investment firm Pantera Capital has also been notified that their bids were also unsuccessful.

Meanwhile the actual price of bitcoins of the various exchanges has risen close to 15% from just under $600 a coin to close to $650.

In the end, we may never know who bought the confiscated coins or how much they bought them for but it does seem that it will be a pivotal point in bitcoins evolution.

It is anyone’s guess what will happen when they decide what to do with the remaining 144,341 bitcoins.

Submission + - BrainWallet.org exploited and bitcoins stolen (mineforeman.com)

Submitted by ASDFnz
ASDFnz writes: It has long been known that JavaScipt's Math Functions are not up to a good enough standard to be used in Cryptography. In particular the random function has many documented flaws easily available with a quick google search.

It appairs that someone has exploited the weaknesses and stolen bitcoins from people that used brainwallet.org to generate paper wallets.

In a post earlier today reddit user LostAllOfMyBtc said that "35 of my BTC gone. PC not compromised.". The user went on to explain that the bitcoins were stored in 18 different bitcoin addresses that were generated using brainwallet.org's random button.

The BrainWallet.org's "Random" button uses JavaScript's Math.random() function to generate private keys. While it has been hypothesised in he past that because of the low entropy in JavaScript's Math.random() someone could re-generating private keys this, to my knowledge, is the first time that it has happened.

Comment Perhaps they are all Type II+ Kardashev Scale (Score 2) 686

by ASDFnz (#47219063) Attached to: Aliens and the Fermi Paradox

http://en.wikipedia.org/wiki/K...

I have always thought that civilisations must accelerate there way from 0 on the Kardashev Scale (us 200 years ago, and we are not even close to type 1 yet) to 2 in a very sort period of time, perhaps 10,000 to 100,000 years. It certainly seems to be the scale we are on.

When they reach type 2 they are capturing & using all of the available energy from their star and would be totally invisible to us. No light, radio signals, zip, nana, nothing would be escaping from the civilisation or their solar system because they are capturing it and using it. As far as we are concerned they are undetectable.

Comment Re:CC Fraud vs Bitcoin (Score 1) 117

by ASDFnz (#47208823) Attached to: Credit Card Breach At P.F. Chang's

I cannot agree more, I even just bogged about it;-

http://mineforeman.com/2014/06...

Bitcoin's public/private key system avoids the issue all together.

With a credit card when you hand over your plastic you have effectively just handed over you private key for someone to copy with a magnetic strip reader, a photocopier or even something as old school like a pen and paper.

Submission + - Another Credit Card breach, please use Bitcoin! (mineforeman.com)

Submitted by ASDFnz
ASDFnz writes: It has only been six months since Target Customers had their credit card details sold on rescator[dot]so and today we have news of another Credit Card breach at P.F. Chang’s with users details once again up for sale on the nefarious website.

While it cannot be denied bitcoin is still in it’s infancy, this is one of the (very many) problems that it aims to solve. It is becoming evident that Credit Card technology is very dated and is fundamentally flawed in our online aware civilization, in this case the magnetic strips are up for sale after P.F. Chang’s systems were compromised but in reality all that is needed is a very low tech pen and paper to “hack” your credit card.

If you wanted to use a bit of technology a Photocopier will get the job done.

In my opinion Bitcoin is nearly ready, in the five years since it’s inception all of the “component bit’s” have been put together. We now have Hardware Wallets, payment processors are now ready and eager (even PayPal is looking into it). Bitcoin ATM machines are popping up all over the map. Point Of Sale (POS) machines are availible.

The Bitcoin Network is now secured by a tremendous amount of hashpower, greater than any supercomputer! And it is growing every day.

The last component, the fundamental component behind bitcoin, the consensus and the will of the people is all that seems to be needed.

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