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Comments

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IBM Looking To Sell Its Semiconductor Business

Statecraftsman Re:Sell The Beta (195 comments)

That is literally disgusting. Worst is how they place all comments in a box and label it User Engagement like it's a widget they added.

about 6 months ago
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Adobe Hacked: Almost 3 Million Accounts Compromised

Statecraftsman PDF Exploit? (256 comments)

What are the odds this attack didn't involve a pdf exploit?

about 10 months ago
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All Bitcoin Wallets On Android Vulnerable To Theft

Statecraftsman Re: How can an OS have such a fundamental problem? (137 comments)

Just a few corrections. The targeted rate is 2016 blocks per 14 days. The default client allows you to spend incoming coins after one confirmation.

about a year ago
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Interview: Ask Jon "maddog" Hall What You Will

Statecraftsman Your perspective on Bitcoin et al. (26 comments)

As someone who takes a pragmatic view of software freedom and considers business interests carefully, what are your thoughts on decentralized virtual currencies such as Bitcoin as they relate to individual freedom as well overall economic efficiency?

about a year ago
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Bitcoin Exchange Mt. Gox Halts USD Withdrawals

Statecraftsman Re:"That's what you get for money laundering". (173 comments)

Bitcoins are actually becoming more plentiful to the tune of 3600 more being created each day. The more you look into it, you'll see that people have many interests in Bitcoin. Some want to start mining hardware companies, some do ponzi schemes, some see it as a revolutionary payment system and economic tool, some see it as freedom. How do you see it?

about a year ago
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Bitcoin Exchange Mt. Gox Halts USD Withdrawals

Statecraftsman Re:"That's what you get for money laundering". (173 comments)

Regulation is not a monolith. There are some good laws and some bad ones. I think we'd like to point out that the ones aroud money laundering are particularly bad in that they are not very effective for catching crooks but very good at stopping normal people from providing for themselves.

about a year ago
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Bitcoin Exchange Mt. Gox Halts USD Withdrawals

Statecraftsman Re:Once mining produces less minting (173 comments)

True. Transaction fees are expected to support the processing and security of the network more and more as time goes by. Transaction fees are already over 1% of the amount minted daily in new coins. As bitcoins are more widely distributed and transaction volumes increase, it is plausible to me that the fees will serve their purpose. Rather than argue about some absolute everything is free idea, what we should look out for are things that increase the real cost of sending transactions, such as spam and poor network connectivity.

about a year ago
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Bitcoin Exchange Mt. Gox Halts USD Withdrawals

Statecraftsman Re:Bitcoins are not free (173 comments)

It depends on the size of the transaction. Space in the blockchain and processing time are not free as miners are competing to have their blocks accepted by the rest of the network as soon as possible after they are found. The transaction fee for most transactions to get included right away is 0.0005 btc which is about $0.05 For average confirmation time, whcih has been decreasing due to greater hashrates see http://blockchain.info/charts/avg-confirmation-time

about a year ago
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Vast Bulk of BitCoins Are Hoarded, Not Used

Statecraftsman Re:More like gold by the day (438 comments)

I read your article which was surprisingly in-depth. I think your perspective on previous bubbles is very helpful but there are a few inaccuracies there when it comes to the technical details of Bitcoin...it's hard to say with one reading if correcting them may change much in terms of a conclusion but if you are interested, I'll go point them out in an email.

about 2 years ago
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Paypal Users In Argentina Can No Longer Make Domestic Transactions

Statecraftsman Re:A word to the wise (272 comments)

It's called arbitrage and you can think of it like a financial circuit. Sell bitcoins and get Pesos. Sell Pesos to get something else (USD?). Sell that something else for bitcoins. Repeat.

As long as you're charging enough fees to cover your costs, you can make money this way and help people protect their assets with a far more trustworthy, even gold-like currency.

about 2 years ago
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Hacked BitCoin Exchange Sued By Customers

Statecraftsman Re:Bit-what? (361 comments)

Except that bitcoins don't just sit in a cabinet looking pretty. The purpose they serve is to send value from one party to another without requiring the trust of any third party. Transfers happen within an hour or two with fees ranging from 0-1% depending on if you're starting and/or ending with bitcoins.

If bitcoins become worthless in the future, it will only be because another decentralized payment system (probably based on Bitcoin) will have made a significant improvement. People are trying all the time to release a new Bitcoin with some more attractive properties but the system is very good, it's hard to improve upon while still maintaining the decentralized, trust-free essence at its core.

about 2 years ago
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Hacked BitCoin Exchange Sued By Customers

Statecraftsman Re:A few questions (361 comments)

Second life currency cannot be stored outside Linden Labs system. It is just an entry in their database. With Bitcoin, you have your private keys and any money assigned to them is under your sole control. Of course, you may place your private keys in a foolish place but it is your duty to yourself to take precautions in relation to the value therein.

I'm not familiar with second-life banks but I doubt they were truly able to hold SLL so that they were under their sole control. Linden Labs could always claim TOS violation and remove the money from their account. Not so with Bitcoin which is why you keep hearing about the system. It's a genuinely different virtual currency.

about 2 years ago
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Bitcoinica Breach Nets Hackers $87,000 In Bitcoins

Statecraftsman Re:I think it's kind a cool... (196 comments)

What you're seeing with Bitcoin is sort of like raw access to the Visa network and I'm surprised more theft doesn't occur. As you pointed out it's nontrivial to have a secure computer nowadays.

As the infrastructure evolves we are likely to see payment processors that use things like multi-sig transactions and stronger security measures to insulate the user from such concerns. Even then, you'll still have the freedom to operate independently.

Freedom(tm) - A (previously?) core value of the /. community.

more than 2 years ago
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Bitcoinica Breach Nets Hackers $87,000 In Bitcoins

Statecraftsman Re:No not really (196 comments)

As far as you know. And you know as well as anyone that data copied need not be used immediately. I won't say that every Bitcoin business has been or will be above board but the fact that there is a public transaction log makes certain activities very hard to hide or explain away. As for reclaiming stolen funds, the largest thefts occur at the top. MF Global for example is missing $1.2-1.6 billion. That is an amount of money that can affect millions of people in ways they would feel.

more than 2 years ago
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Bitcoinica Breach Nets Hackers $87,000 In Bitcoins

Statecraftsman Re:ObSimpsons (196 comments)

Here there's no progress bar. Just a single packet broadcasted across a p2p network and subsequently locked into the blockchain by the processing power of the entire network. If you're any kind of geek at all, you should appreciate the beauty of the system even if you think it's going to ruin your way of life.

more than 2 years ago
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Bitcoinica Breach Nets Hackers $87,000 In Bitcoins

Statecraftsman Re:That last bit there in the summary... (196 comments)

It is not classified as legal tender by the government but that doesn't mean it's illegal to use. Case in point, hundreds of local currencies in use around the country (Ithaca dollars, Disney dollars). What you can't do is refuse USD as payment for debt, the commonly quoted case being when you go to dinner and pay the bill after eating. There you are in debt and the restaurant must accept USD in the US.

more than 2 years ago
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Bitcoinica Breach Nets Hackers $87,000 In Bitcoins

Statecraftsman Re:That last bit there in the summary... (196 comments)

The same could be said of converting a bank balance to cash. Your implication that using Bitcoin = jail time makes me wonder what your concern is against people being able to spend their money as they wish (something that is again still largely possible with cash).

more than 2 years ago
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Bitcoinica Breach Nets Hackers $87,000 In Bitcoins

Statecraftsman Re:That last bit there in the summary... (196 comments)

Using money to buy illegal things is not laundering in itself. Money laundering requires that bad money be mixed in with the good stream of what looks to be a legitimate business. Again, I must ask if you have a reference for such an occurrence.

more than 2 years ago
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Bitcoinica Breach Nets Hackers $87,000 In Bitcoins

Statecraftsman Re:That last bit there in the summary... (196 comments)

Do you have any references to Bitcoin being used in money laundering? Having a hard time finding a concrete story...

more than 2 years ago

Submissions

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Free Software The Solution to Malware

Statecraftsman Statecraftsman writes  |  more than 4 years ago

Statecraftsman (718862) writes "I'm seeing a lot more malware, viruses and spyware on my clients machines than ever. Each machine I clean up has given me time to think about possible solutions. Since I dabble in free software and know updates are important I figure both are an essential part of a well-balanced solution. To develop the idea further, I wrote Malware: The Ultimate Solution."
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Recovery.gov Asks for IT Recommendations

Statecraftsman Statecraftsman writes  |  more than 5 years ago

Statecraftsman (718862) writes "Recovery.gov, the United States website on stimulus spending, is asking for recommendations on TheNationalDialogue.org to answer the question "What ideas, tools, and approaches can make Recovery.gov a place where all citizens can transparently monitor the expenditure and use of recovery funds?" Many vendors and concerned citizens have chimed in with their ideas but the comment period closes soon on May 3rd. One interesting idea is to Grow a Development & Data Analysis Community using free software tools and technologies."
Link to Original Source
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Statecraftsman Statecraftsman writes  |  more than 7 years ago

Statecraftsman writes "In literature, the classics are well-known and widely studied. As a perpetually aspiring programmer, I wonder from which free software projects programmers have learned the most. What project's code do you most admire? If you were starting fresh today, what project would you use as a model of great design and implementation?"

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