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Comment: Re:Not for MtGox but kinda agree (Score 0) 81

If they are sending out more funds for withdraws than bringing in for total sales and commission then yes they are now running a Ponzi scheme. They now have less funds to give back out than what was given to them, people at the top of the scheme cash out, people at the bottom are left holding the digital poo of bitcoin. To try and prevent a mass exodus or lawsuits, they delay all withdraws until they have enough to satisfy the loudest complainers first that had the most to lose. Everyone else with a small amount will never get their funds back unfortunately.

Comment: Re:Purchased 4 so far (Score 1) 246

by KnightMB (#45451069) Attached to: Raspberry Pi Hits the 2 Million Mark
Have several Raspberry Pi setup as digital currency servers for Timekoin. Rock solid uptime, low power usage, quick and easy using the pre-made image for them. Also have some that have replaced DHCP servers, File Servers, and Database Servers. Low power, fast enough for the task, low cost is a plus also.

+ - Edward Snowden Pardon Petition Reaches over 100,000 Signatures->

Submitted by KnightMB
KnightMB (823876) writes "The Petition at Whitehouse.gov has finally reached the goal of 100,000 signatures with thousands to spare at the time of this writing. It will now be up to the Obama Administration to respond to the petition in what would certainly be a bizarre situation where Snowden is being charge Espionage and Theft. A Petition that calls for his safe return to the US without having to face such charges is probably not the subject the Administration will be comfortable answering."
Link to Original Source

Comment: Re:You're not kidding (Score 1) 583

by KnightMB (#43314509) Attached to: Bitcoin Currency Surpasses 20 National Currencies In Total Value

I haven't analyzed it but I bet a lot of people have. Nobody's published a flaw yet.

I thought the one I brought up years ago would still be there, but I'll have to go back and check. I found a flaw I called "reverse time attack" which I believe to this day, each version of bitcoin still has to patch each release for. It may have been lost in the site transactions, forum transitions, but if the information has become lost over time, then I need to post it up in a more permanent place as to this day no solution exist yet.

As promised, I've put all the information into one place. Find the information about the flaw here: Bitcoin Reverse Time Attack

Comment: Re:You're not kidding (Score 1) 583

by KnightMB (#43313355) Attached to: Bitcoin Currency Surpasses 20 National Currencies In Total Value

I haven't analyzed it but I bet a lot of people have. Nobody's published a flaw yet.

I thought the one I brought up years ago would still be there, but I'll have to go back and check. I found a flaw I called "reverse time attack" which I believe to this day, each version of bitcoin still has to patch each release for. It may have been lost in the site transactions, forum transitions, but if the information has become lost over time, then I need to post it up in a more permanent place as to this day no solution exist yet.

Comment: Re:Ignore Bitcoin (Score 2) 312

by KnightMB (#43293421) Attached to: Ask Slashdot: Enterprise Bitcoin Mining For Go-Green Initiatives?

Go Litecoin, or Namecoin, or something else that will become a competitor to Bitcoin.

In the end, it's all virtual currency anyways, even the US Dollar (which is a fiat currency, and thus essentially virtual.)

Add Timekoin in there as well. It takes a total opposite approach to digital currency that minimizes CPU usage while providing a lot better protection than Bitcoin in terms of double spending and wild spikes in prices.

Comment: Another Options for Those that want to stop (Score 1) 350

by KnightMB (#42913855) Attached to: Alcoholism Vaccine Makes Alcohol Intolerable To Drinkers
I can see this is a good option for those that really want to stop drinking. But.... drinking is a twisted cocktail of the poison alcohol and the feelings that go with it (or lack of perhaps, the numbing) that keep people drinking. So this may be the push that people trying to quit need. If the just the drinking makes you feel sick enough to not want to drink anymore, more power to them! It may not be a perfect solution for those trying to stop, but at least it is another option. I just hope the vaccine itself is not so expensive as to make it only available to the wealthy to use.

Comment: It is a good alternative to Microsoft Office (Score 3, Insightful) 361

by KnightMB (#42873395) Attached to: OpenOffice: Worth $21 Million Per Day, If It Were Microsoft Office
I've not gone back to Microsoft Office since switching to the Open Office (and other open source office apps) for nearly 10 years now and not one day do I miss it. I've helped many business and people switch to it. Whatever proprietary features that are needed in Microsoft Office, at least in my experience, is too minimal to justify the extra cost when a little bit of googling can basically make Open Office (or Libre Office) do whatever you want it to do. There are even some things that I can't do in Microsoft Office and had to use Open Office for (including repairing damaged Microsoft Office files). So to each their own, if you need the features of Microsoft Office, more power to you. I'm sure many here though will chime in that for the majority of users, Open or Libre Office have 99% of what the typical user needs.

Comment: Re:Not really about Bitcoin (Score 1) 327

by KnightMB (#41163969) Attached to: Large Bitcoin Ponzi Scheme Collapses With a Loss of $5.6 Million

It might be the case that this Ponzi scheme couldn't have been conducted using (say) US$ because of financial regulation. Lack of financial regulation attracts some people to Bitcoin -- but look how it can bite.

The currency used does not matter. Being digital currency or real $$, Ponzi schemes still happen all the time. The latest large Ponzi just blew up a few weeks ago that used real money to the tune of a $600 million collapse. Here is just a recent story about it. http://myfox8.com/2012/08/17/62643/

Comment: Re:Hmm (Score 4, Informative) 195

by KnightMB (#39541487) Attached to: Navy Planning To Build Laser Cannon In Four Years

So Navy's of tomorrow will have their ships covered in mirrors. Now, someone tell me why this won't work... because it seems like a really obvious way to divert a laser beam.

Because a mirror does not reflect 100% of the energy, some will be absorbed, thus the laser will eventually burn through it. Super efficient mirrors are easy counter anyway, just lob some "buckshot" at the target to shatter the mirrors, then burn the ship up with the laser :-)

Comment: Have him/her sign off after your training (Score 5, Interesting) 290

by KnightMB (#39195621) Attached to: Ask Slashdot: Best Practices For Leaving an IT Admin Position?
Be fair of course in how you word it, but nothing speaks better than "I showed the new Admin X,Y,Z and he knows how to do X,Y,Z; here the signature to prove it". I know you are trying to avoid a new Admin coming in and then complaining about how the previous guy didn't know what the hell he was doing. Happens to everyone I'm afraid, but at least have your bases covered for what any replacement needs to know to operate in your permanent absence. It will also discourage the new admin from making any drama scenes with his/her new boss when he/she knows you have something in writing that is suppose to demonstrate/validate his/her new skills in the position. Other than that, don't burn any bridges, try to be helpful to the new Admin, when you have the free time, but don't go out your way and sacrifice your new job to help a struggling admin who might be in over his head due to fluffing up the resume.

+ - SPAM: How big stuff is

Submitted by Anonymous Coward
An anonymous reader writes "This is an interesting tool to assist understanding the relative size of things in the known universe."
Link to Original Source
Science

+ - Superannuated Scientists Still Productive->

Submitted by Anonymous Coward
An anonymous reader writes "Modern corporations seem to have devalued older scientists. They are all to happy to have their veteran employees, scientists included, take an early retirement so that they can be replaced by younger people who expect fewer benefits and will work for lower pay. Thomas Kuhn, philosopher of science and author of the influential book, "The Structure of Scientific Revolutions," believed that revolution in science was forged only by younger scientists. Some older studies of small academic groups seemed to show that scientific productivity peaks at middle age and declines thereafter. A newer study of 13,680 university professors found that scientific productivity still increases up to age 50, and it then stabilizes from age fifty to retirement for the more industrious researchers. When "high impact" publications are considered, researchers older than 55 still hold their own. A recent paper in the Proceedings of the National Academy of Sciences shows that the majority of Nobel Laureates in Chemistry from 1901 to 1960 did their prize-winning work by age 40. After 1960, chemistry laureates were more likely to have done their prize-winning work after age 40."
Link to Original Source

+ - Ubiquiti AirOS attacked by skynet virus->

Submitted by
KnightMB
KnightMB writes "A variant of the skynet virus has been found out in the wild that will infect Ubiquiti radios via the AirOS software. The purpose of the virus is to spread to other radios also with the added bonus of doing an air capture of packets to pull out logins and cookies that pass through. Later to be retrieved by unknown 3rd party. The vendor of the hardware/software has been contacted about the issue. The vendor expects a fix very soon."
Link to Original Source

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