[Chugalug] Bitcoin bit $378 today

Chad Smith chad78 at gmail.com
Sat Nov 9 21:54:53 UTC 2013


Also it had something to do with a bunch of people giving their bitcoins to
some random 18 year old dude to hold on to.

But I just thought it was weird that no one had mentioned it yet.  I almost
said something a couple days ago.

*- Chad W. Smith*


On Sat, Nov 9, 2013 at 3:30 PM, William Roush
<william.roush at roushtech.net>wrote:

>  Well lets be honest: there have been slip-ups with the ECDSA algorithm
> before, these attacks allow you to compromise people's Bitcoin wallets from
> their public signatures (some sloppy apps have apparently done this).
>
> While I'm thrilled about a lot of the cryptographic technology behind
> Bitcoin, it lends itself to a level of understanding many wont understand,
> and with so many half-assed applications out there I'm not surprised some
> of them are implementing the cryptography wrong and putting people's money
> at risk. However I love seeing public-key cryptography being used more and
> more, and those kinks will continue to get worked out.
>
> I wouldn't say it's "time, determination and skill" so much as it's "too
> many hands in the honeypot, with most not knowing what they're doing, take
> advantage of one of them".
>
> William Roushwilliam.roush at roushtech.net
> http://www.roushtech.net/blog/
>
>  On 11/9/2013 4:08 PM, Lynn Dixon wrote:
>
> Its a distributed network.  over 51% of the network would have to be
> compromised before any vulnerabilities could be exploited.
>
>
> On Sat, Nov 9, 2013 at 4:06 PM, Stephen Kraus <ub3ratl4sf00 at gmail.com>wrote:
>
>> Anything can be hacked, given time, determination, and skill.
>>
>> C'mon it's like rule number one. Never assume anything is totally secure
>> regardless of what you are told.
>>  On Nov 9, 2013 3:54 PM, "Lynn Dixon" <boodaddy at gmail.com> wrote:
>>
>>> Chad,
>>> This goes to show that you should protect your Bitcoin wallet, just as
>>> you would your back pocket wallet.
>>>
>>>  Bitcoin can't be "hacked".  Wallets can be stolen if you are careless
>>> with them, but so can your normal wallet, or purse, or murse.
>>>
>>>
>>> On Sat, Nov 9, 2013 at 3:42 PM, Chad Smith <chad78 at gmail.com> wrote:
>>>
>>>> $1.3 Million US Dollars worth of BitCoins stolen
>>>>
>>>> http://mashable.com/2013/11/08/bitcoin-theft-tradefortress/
>>>>
>>>> http://www.bbc.co.uk/news/technology-24871444
>>>>
>>>>
>>>> http://www.dailymail.co.uk/news/article-2492813/Bitcoin-site-hacked-1million-virtual-currency-stolen.html
>>>>
>>>> *- Chad W. Smith*
>>>>
>>>>
>>>> On Sat, Nov 9, 2013 at 1:01 PM, Lynn Dixon <boodaddy at gmail.com> wrote:
>>>>
>>>>> DOH!!,!  Matt beat me to it.   Coinbase is pretty nice, and they have
>>>>> some really great merchant tools.  You can send your BTC to coinbase and
>>>>> then sell them.  The profits will be directly deposited into your bank.
>>>>>
>>>>> I'm still gonna shamelessly drop my referral link here for any one
>>>>> else that may be interested:
>>>>>
>>>>>
>>>>> https://coinbase.com/?r=521045129757bf315c000063&utm_campaign=user-referral&src=referral-link
>>>>>
>>>>>
>>>>> On Saturday, November 9, 2013, Matt Keys wrote:
>>>>>
>>>>>>  Phil check out coinbase.com.
>>>>>>
>>>>>> On 11/09/2013 08:31 AM, Phil Sieg wrote:
>>>>>>
>>>>>> Well my 9 USB ASIC's have pumped out 3/4 of a bitcoin which means if
>>>>>> I can figure out how to turn that into dollars I will be at break even on
>>>>>> hardware.
>>>>>>
>>>>>>  Gonna go look and see how to go from BitMinter to Bank... Something
>>>>>> tells me it's gonna be frustrating ;-)
>>>>>>
>>>>>> Phil Sieg
>>>>>> President
>>>>>> SeniorTech LLC / snapfon®
>>>>>> www.snapfon.com
>>>>>> phil.sieg at seniortechllc.com
>>>>>>
>>>>>>  Phone: 423.535.9968
>>>>>> Fax: 423.265.9820
>>>>>> Mobile: 423.331.0725
>>>>>>
>>>>>>  *"The computer is the most remarkable tool that we have ever come
>>>>>> up with. It's the equivalent of a bicycle for our minds"*
>>>>>>
>>>>>>  *Steve Jobs, 1955-2011*
>>>>>>
>>>>>>  *sent from my ipad
>>>>>>
>>>>>> On Nov 9, 2013, at 12:51 AM, Lynn Dixon <boodaddy at gmail.com> wrote:
>>>>>>
>>>>>>   Bitcoin broke another record when compared to the US dollar.  $378
>>>>>> will buy one bitcoin now.
>>>>>>
>>>>>> BFL Singles may still be making sizable profits for a few more months.
>>>>>>
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