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+ - 13th Million Bitcoin Mined->

Submitted by ASDFnz
ASDFnz (472824) 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."

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+ - Silk Road 30,000 bitcoin auction causing stirs, what happens with it is 144,341?->

Submitted by ASDFnz
ASDFnz (472824) 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."

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+ - BrainWallet.org exploited and bitcoins stolen->

Submitted by ASDFnz
ASDFnz (472824) 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."

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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.

+ - Another Credit Card breach, please use Bitcoin!->

Submitted by ASDFnz
ASDFnz (472824) 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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Comment: Re:Use Bitcoin already! (Score 1) 117

by ASDFnz (#47208089) Attached to: Credit Card Breach At P.F. Chang's

I would, except I had them all deposited at Mt. Gox.

Touché

I as meaning the public/private key technology though and not a crooked company involved with it though.

When all said and done, you can "hack" a credit card with a pen and paper, even a photocopier will work. The system as archaic and in need of a replacement.

Comment: Re:The theories defined (Score 1) 600

by ASDFnz (#46819399) Attached to: The US Public's Erratic Acceptance of Science

The universe is so complex, there must be a supreme being guiding its creation

I highly doubt this as a conclusion.

History is full of things that could not be understood and therefore must be "the work of a supreme being" that have later been worked out and understood (fire for example). My preference is that there are just some things we don't understand yet.

Comment: I Volunteer. (Score 3, Insightful) 402

by ASDFnz (#46644871) Attached to: NASA Can't Ethically Send Astronauts On One-Way Missions To Deep Space

I have a chronic disease that can be controlled through medication that already limits my lifespan.

Because of this I deliberately have no children or spouse and I avoid developing long term relationships.

My Parents are old and are unlikely to outlive me anyway.

I am aware of the implications of a one way trip to Mars and realise I wont be coming back and wont have any new companions for at least 10 years... if ever.

Send me.

I am not now, nor have I ever been, a member of the demigodic party. -- Dennis Ritchie

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