1 2011-08-08 00:00:02 <ashrewdmint> That is true
 2 2011-08-08 00:00:13 <ashrewdmint> But at the very least it's less vulnerable if the service is compromised
 3 2011-08-08 00:01:03 <Zagitta> which is the problem with centralization and is why people shouldn't be using those kinds of services in the first palce :)
 4 2011-08-08 00:01:45 <ashrewdmint> The current exchanges are all centralized. It's not ideal but it still has its advantages from time to time.
 5 2011-08-08 00:02:14 <ashrewdmint> No one should keep all their coins in a third party service, though.
 6 2011-08-08 00:03:51 <glassresistor> so i just reinstalled bitcoind after the recent ewallet fiascos
 7 2011-08-08 00:05:13 <glassresistor> i've found that running ./bitcoind works but its hangs, in another screen getinfo works but should bitcoind just start a background process, not just sit in a screen window?
 8 2011-08-08 00:05:51 <Zagitta> glassresistor: why not just use the gui?
 9 2011-08-08 00:06:04 <glassresistor> i can run ./bitcoin &>... to make it run in the background but i don't believe i had to in the past
10 2011-08-08 00:06:19 <glassresistor> Zagitta: i don't need or want the gui and i want it running on boot
11 2011-08-08 00:06:22 <glassresistor> all the time
12 2011-08-08 00:07:15 <glassresistor> i just remember that in the past running ./bitcoind would immediate quit having spawned a background process
13 2011-08-08 00:07:29 <doublec> glassresistor: you need the -daemon switch
14 2011-08-08 00:07:41 <doublec> glassresistor: or add it to your bitcoin.conf to get the old behaviour
15 2011-08-08 00:07:53 <glassresistor> doublec: ah is the d for daemon already is not like ./bitcoind is very useful anyways
16 2011-08-08 00:08:19 <doublec> glassresistor: it was changed a version or two ago to require -daemon even for bitcoind
17 2011-08-08 00:08:23 <glassresistor> doublec: what line shoul i add?
18 2011-08-08 00:08:31 <doublec> glassresistor: daemon=1
19 2011-08-08 00:08:50 <glassresistor> doublec: seems dumb? is there something i can do with bitcoind without daemon mode?
20 2011-08-08 00:09:20 <doublec> glassresistor: I'm not sure what the rationale was
21 2011-08-08 00:09:45 <glassresistor> btw where does mybitcoin get off acting like they didn;t know the first confirmation wasn't secure thats been well known since i started 1.5 years ago
22 2011-08-08 00:09:51 <glassresistor> gotcha
23 2011-08-08 00:10:08 <RealSolid> glassresistor: because its a lie
24 2011-08-08 00:10:26 <RealSolid> "tom" is just trying to appease people by giving them something back, get them off his back so he isnt arrested
25 2011-08-08 00:11:59 <glassresistor> RealSolid: makes sense, his whole whois and account setup looked like someone trying to stay hidden
26 2011-08-08 00:12:07 <glassresistor> which wouldn't be needed if he was legit
27 2011-08-08 00:12:16 <RealSolid> yes, and because there has been pressure on him, he came out of hiding to give back "half" the coins
28 2011-08-08 00:12:21 <glassresistor> how much do you think ppl are gonna get back
29 2011-08-08 00:12:29 <RealSolid> he said they have 49%
30 2011-08-08 00:12:31 <RealSolid> left
31 2011-08-08 00:12:38 <glassresistor> wow
32 2011-08-08 00:12:59 <glassresistor> well i was lucky i only kept one weeks worth of mined goods at a time
33 2011-08-08 00:13:09 <RealSolid> he is claiming he lost 51% or about 75000 BTC in double spends
34 2011-08-08 00:13:35 <doublec> RealSolid: where does he say that?
35 2011-08-08 00:13:58 <phantomcircuit> glassresistor, bitcoind doesn't fork by default which is something that gavin refuses to change
36 2011-08-08 00:14:00 <glassresistor> since he is releasing the code, anyone wanna build a real one with proper security like backup ability and just check a 1% desposit or withdraw fee
37 2011-08-08 00:14:00 <RealSolid> well effectively a double spend, by relying upon one confirmation in his system and allowing withdrawals
38 2011-08-08 00:14:13 <glassresistor> phantomcircuit: fork?
39 2011-08-08 00:14:24 <phantomcircuit> glassresistor, give the terminal back
40 2011-08-08 00:14:38 <RealSolid> After careful analysis of the intrusion we have concluded that the software that waited for Bitcoin confirmations was far too lenient. An unknown attacker was able to forge Bitcoin deposits via the Shopping Cart Interface (SCI) and withdraw confirmed/older Bitcoins.
41 2011-08-08 00:14:40 <glassresistor> ah
42 2011-08-08 00:14:55 <b4epoche_> doublec:  https://www.mybitcoin.com/accounting.txt
43 2011-08-08 00:15:02 <doublec> thanks
44 2011-08-08 00:15:04 <glassresistor> RealSolid: yeah but who the hell could do that in two days
45 2011-08-08 00:15:19 <RealSolid> glassresistor: his friends
46 2011-08-08 00:15:22 <glassresistor> and come on after the 1st hour someone would have noticed
47 2011-08-08 00:15:30 <glassresistor> yeah
48 2011-08-08 00:15:43 <RealSolid> he is saying now that their combined "30 years of credit card experience" led them to drink heavily
49 2011-08-08 00:15:45 <glassresistor> does he live in the US, i hear class action
50 2011-08-08 00:15:48 <RealSolid> after they found out, for a few days
51 2011-08-08 00:15:56 <RealSolid> hes a native english speaker that much is known
52 2011-08-08 00:16:36 <glassresistor> RealSolid: so the week we all were like NOOOOOO all my work gone, he was getting drunk
53 2011-08-08 00:16:39 <glassresistor> dick
54 2011-08-08 00:16:40 <b4epoche_> and Tom Williams certainly sounds like a US name ;-)
55 2011-08-08 00:16:48 <RealSolid> its a fake name
56 2011-08-08 00:16:52 <RealSolid> hes pretty much confirmed that
57 2011-08-08 00:17:04 <b4epoche_> RealSolid:  hence ;-)
58 2011-08-08 00:17:06 <copumpkin> Tom Williams = Satoshi Nakamoto
59 2011-08-08 00:17:08 <copumpkin> zomg
60 2011-08-08 00:17:50 <b4epoche_> it's stupid to even use a name, what's the point?
61 2011-08-08 00:18:03 <RealSolid> b4epoche: it gives peopel ease of mind
62 2011-08-08 00:18:06 <RealSolid> trust
63 2011-08-08 00:18:15 <b4epoche_> Tom Williams?  wtf?
64 2011-08-08 00:18:21 <copumpkin> William Toms
65 2011-08-08 00:18:28 <b4epoche_> that only eases the mind of an idiot