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* Posts by Destroy All Monsters

9413 posts • joined 3 Jun 2008

'Hacked docs' prove MtGox has 1 MILLION Bitcoins, claim blog-snatchers

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Holmes

"how a female asshole can become transferred onto my brother's rear end"

Clearly, we need to know more. Can anyone look into this?

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Mt Gox fielded MASSIVE DDOS attack before collapse

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It's all Obama's fault!

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Destroy All Monsters
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Re: Rumors that Mt Gox was doing a bit of fractional reserve banking on the side...

This is correct.

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Holmes

Re: Rumors that Mt Gox was doing a bit of fractional reserve banking on the side...

Or just the safe being emptier than it should be in the first place: loaning out the money one should keep in the vault so that dosh can be made for oneself --- while praying that not all the depositors will demand their money back at the same time.

The reason for why "bank runs" happen and, today, basically large orders are suddenly placed to printshops by politicians getting the cold sweats.

"transaction malleability" sounds suspiciously like exactly that. I have no idea whether bitcoin technically allows this.

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Holmes

Rumors that Mt Gox was doing a bit of fractional reserve banking on the side...

Anything to it?

Bitcoin Banking

The claim that Mt. Gox was operating with fractional reserves came as shocking to some. After all, the exchange functioned by providing a shared wallet for depositors. Each time a deposit was made in bitcoin, the proceeds were moved to the shared wallet. This wallet was safely stored offline (“cold storage”) so that hackers could not gain access to them. In addition, a very high percentage of bitcoin was supposedly stored in this way – up to 98% by some claims – with only a small amount held online to facilitate withdrawals and other transactions.

In theory, since almost all of the bitcoin were held safely offline by Mt. Gox, the “bitcoin bank” should have been behaving like any standard full-reserve bank. The evidence over the past months proved this to be anything but the reality of the situation.

...

Mt. Gox is a little different. Despite holding the vast majority of its bitcoin securely in cold storage, its claim is that somehow these were stolen by someone. In standard fractional-reserve banking theory, the reason a less than 100% reserve is held is because the bank has knowingly made use of the deposited goods, not because hackers have prevailed in cracking an impervious safe. The dust will settle on what happened to the bitcoins deposited with Mt. Gox. For now I will let Occam´s razor prevail in providing me with an answer to the whereabouts of the missing coins.

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Trollface

Re: Burning Chrome

In this case, Burning Gox!

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X marks the... They SAID there was a mystery planet there – NASA

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A-Ha!

A medium-mass black hole!

Very convenient for sucking hyperdrives out of passing spaceships.

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Tim Cook and Israeli PM commune with the GHOST of Steve Jobs

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Re: Hmm, bit of a translation error there

Maybe something like this?

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Destroy All Monsters
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WTF?

WHAT CAN IT MEAN?

Netanyahu then quipped: "You can't ask that of government."

Is this a "you can but nothing will happen" or a "you better not ask that, buddy, or else... ".

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Plod foils drone drug drop down under

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Thumb Up

"A man, a woman, a quadracopter and a bag of illicit drugs"

"A movie with Samuel Jackson"

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Court allows EFF to keep donor list secret from patent troll

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Re: i am sure spotify has done this before the application was even made

In the current climate, holding a single coherent thought is worthy of Intellectual Property protection.

I don't know why that is.

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Re: Irony much?

If you cheer this ruling, you need to take a good look in the mirror.

I didn't see anything untoward.

Hold on.. did you take a good look in the mirror? Are you, maybe a patent troll sockpuppet??

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Sysadmins and devs: Do these job descriptions make any sense?

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Excellent!

This will tell what boxes the witlessly bored lady just out of the 4-year social studies parcours and now mysteriously in charge of interviewing your for the job wants to seehear ticked off.

Now, one just has to pass the phrenology and graphology tests!

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Who loves office space? Dell does: Virtualization to banish workstations from under desks

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Re: Eggs in one basket

This won't work for "the cloud" anyhow, since there you typically don't have the multi-megabit bandwidths you'd need for that.

Wut?

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The long war on 'DRAM price fixing' is over: Claim YOUR spoils now (It's worth a few beers)

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Big Brother

Meanwhile, tweeting from the federal gun grab in Missouri....

What if I, as a buyer, was actually OKAY WITH THE PRICE I PAID!

Am I now a government-despising scum that is an insult to western civilization or its remains?

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Destroy All Monsters
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Re: Wasn't this settled years ago???

Did you inform the IRS to enjoy suitable taxation?

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I NEVER DONE BITCOIN, says bloke fingered by new Newsweek

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Re: Free lunch

But would you accept freedom fries and a liberty sandwich?

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Destroy All Monsters
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Re: Total speculation

There are literally billions in unclaimed property in the US

QUICK! PASS A LAW! THIS NEEDS TO BE SEIZED FORTHWITH!

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Re: I think he's just afraid of the tax claim he'll get

How can you get taxed on bitcoin?

It's not a currency.

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Windows 8.1 Update 1 spewed online a MONTH early – by Microsoft

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Secure boot makes it potentially more secure than any other OS on the market.

Saddam has potentially a specially crafted industrial infrastructure driving around in the desert at night, producing chemical weapons!

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Re: So what's in it?

We finally discovered someone who uses the Windows Key!

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Destroy All Monsters
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Update to 8,1 NOW!!

World: "No"

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The land of Milk and Sammy: Free music app touted by Samsung

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Re: Music Tastemakers?

This is why we can't have nice things.

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Dell thuds down low-cost lap workstation for cheap frugal creatives or engineers

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Paris Hilton

Re: As a lesser mortal...

Anything involving "big data" maybe? Moderatly large databases involving GIS. Stuff like that.

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Destroy All Monsters
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Re: low cost?

Good! Otherwise it would be £1,799 (but you would get the "proudly taxed in Yurop" sticker FOR FREE!)

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Destroy All Monsters
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Re: What's the point?

> Costs 1/3 of the cost of the dell, has higher spec.

Yep, pigs fly low. The entire hardware costs less than the Windows + Office license(1)

Although...

> Windows 8

Well...

1: license only for a wheelchair-bound differently abled person who cannot use hands or feet - check at Microsoft.com whether you are using the appropriate license - ; one language only; you may not use a keyboard or mouse; no running in virtual machines allowed; you must use the Outlook Abortion on Penalty of Injury; license sticker must be duly applied in the middle of the flat screen; additional charges and random BSA audits not included)

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Twitter blew $36m on patents to avoid death by lethal injunction

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FAIL

36 million bucks for nothing

Because - is there anything in Twitter that can be considered patentable?

"Companies in the Internet, technology and media industries own large numbers of patents, copyrights, trademarks and trade secrets"

Hey Twitter! You cannot "own" a trade secret. You can "hold" it, maybe.

On second thoughts, you cannot own any other "Intellectual Property" claims either. It's "Intellectual" (until suddenly it isn't - your thoughts are mine, all mine etc.).

"We presently are involved in a number of intellectual property lawsuits, and as we face increasing competition and gain an increasingly high profile, we expect the number of patent and other intellectual property claims against us to grow," Twitter said.

Translation: we are not really competing at all, we are just running this protection racket on the side.

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Twin GEEKS: NASA studies identical brothers – one on Earth, one IN SPAAAACE

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Re: So the one who goes to space will be younger, right?

No. Because "going to space" only is meaningful in Kerbal Universe.

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Destroy All Monsters
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Destroy All Monsters
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Re: Long Range Foundation?

The US dollar would deflate like a hormone chicken.

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Destroy All Monsters
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I wish Philip K. Dick would still write.

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Women! You too can be 'cool' and 'fun' if you work in tech!

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Trollface

Also, another realistic portrayal of the career-driven woman: she’s completely alone. Having given up things like being a good wife and choosing instead to build whatever the hell it was she built in the movie, she ends up in her 40s, facing death in outer space, crying at the idea that nobody is left on Earth who will miss her or say a prayer for her.

That part is spot on.

This is why alcohol exists.

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Destroy All Monsters
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Childcatcher

As the EU leadership doesn't think that childraising is an activity of any particular merit whatsoever (should the population drop, one can just import little brown people from abroad), moving large chunks of the female population into Socialistically Powerful Worker Positions will embiggen the Yurop's GDP immensely and make it The Powerhouse of Intellectual Endeavours Worldwide!! This will pay down the monstrously grown incubating xenomorphs of state and private debt, assure the inflated salaries of the 30% working in nonproductive state jobs via appropriate tax revenues, and, if allied with cunning inflationary manoeuvers, enable the payout of the much-promised pensions at nominal values.

VICTORY HAIL!

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Paris Hilton

Re: The bleedin' obvious reason...

Do you mean to say that female employee will be given the boot presto?

Next: Campaigns bemoaning that fact that 100% of jobs are occupied by humans.

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Paris Hilton

Maybe a triumph!

Isn't that Chell from Portal???

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Inside Facebook's engineering labs: Hardware heaven, HP hell – PICTURES

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Re: An event horizon for economists?

That's supposed to be an economic absurdity - one company, one hardware customer, is a bigger market than the entire customer base of the world's biggest hardware supplier, or their second and third-largest rival?

It's called "specializing for a special task". It is possible if commodity stuff can be thrown together to build a specialized tool as materials and know-how become commponplace. It's the same reason why there are not only 5 companies building houses in the world.

It goes without saying that we've long since passed the event horizon for external supervision by governments and the rule of law to prevent abusive monopolies, regulatory capture, and tax evasion.

I don't know what world you are living in, but we are frankly into Nazi territory and moving deeper regarding:

1) Arbitrary antitrust shit whenever some (generally leftish) cunt in government feels like it "Uh... I think people are collunding ... how horrible. Let's reduce the price forcefully for the peons!!" Sure a formula for Great Success. As opposed to letting the monopoly die on its arse by enabling some competition.

2) Regulatory capture being ENABLED by government at full throttle. Checked whether you company is "green enough" lately? Yep, you are being forced to dump the lightbulbs for no good reason.

3) "Tax evasion" being chased down like Himmler's mystical projects depended on it. Which is why you hear about it so much. These taxfeeders are voting themselves pay increases and are HUNGRY.

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Destroy All Monsters
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Re: A server development board being tested (page1 pic)

I "like" this!

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Paris Hilton

Re: Send reg reporters on an engineering refresher

to justify the 150 a year it costs in taxes

You mean even capital infrastructure is being taxed these days (in addition to the universal tax one has to pay to entropy?)

"Oh Zimbabwe, soon we there..."

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Newsweek knocks on door of dad-of-six, tells him he invented Bitcoin

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Re: The American press strikes again

Yes.

"in the public interest" ==> pages of boring text and references to legalese that you better read through to know how you are currently getting shafted

"interesting to the public" ==> glossy photographs of naked flesh

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Paris Hilton

Re: respectfully encrypted

How does your post make sense?

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Re: The American press strikes again

What makes you think Newsweek is into the "public interest" of anything?

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Destroy All Monsters
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What? Commentards who don't like differential equations?

SOD OFF, DIRTY PEASANTS!

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Trollface

is believed to have some $400m in wealth as a consequence of the currency's rise

Of course only in a bizarre sense...

The differential equation to ascertain the bitcoin <-> dollar transformation at the behest of the current bitcoin owner has to be solved, as it will lower the bitcoin value, and marginally increase the dollar value.

libertarian

Expect the known suspect to drop the contents of their guts in a messy fashion and start linking him to the Koch Brothers, gun owners, Paul Rand and the Anti-Chomsky.

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Hacking Team snoopware found on US servers

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FAIL

The ironymeter just exploded like a fatladen overripe sausage in a pan!

“The extensive and deliberate use of dedicated US hosting companies by foreign countries’ wiretapping activities raises a number of pressing legal and policy concerns,” Citizen Labs says. “These include whether RCS client countries violate US law and longstanding international legal principles on sovereignty and nonintervention through use of this spyware."

Oh noes. Someone is violating US laws, not to mention suddenly re-relevant "international principles" which can only be violated by Team USA.

SOMEONE CALL THE WAAHHABULANCE!!

Citizen Lab is an interdisciplinary laboratory based at the Munk School of Global Affairs, University of Toronto, Canada that focuses on researching the relationship between technology, human rights, and global security.

They clearly also doing practical research in reaching previously unheard levels of faggotry.

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Bitcoin ban row latest: 'Unstable, loved by criminals' Yup, that's the US dollar – Colorado rep

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Holmes

Re: It's actually quite hilarious

The value of fiat money is derived from the relationship between supply and demand rather than the value of the material that the money is made of

Not really.

As the printing presses run and promises are being made that future taxpayers can be milked enough (under threat of violence) to pay back the current promissory notes held by the corrupt owners of "government bonds", this becomes more and more of a situation where everyone is grabbing the balls of person next to him and everyone hopes that no-one sneezes.

Which bring us the idea whether Ghaddafi went from "friend" to "fiend" in 50 seconds because he wanted to set up a gold-backed North-African currency.

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Destroy All Monsters
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Holmes

Re: History is on Bitcoins side

". . . it was the backing of the Federal Government that stabilized the currency and made it 'safe'."

LOLNO.

Of course, as you imply, "safety" is a sardonic measure here. Very much so, indeed ....

"The most interventionary of the Civil War actions was in the vital field of money and banking. The approach toward hard money and free banking that had been achieved during the 1840s and 1850s was swept away by two pernicious inflationist measures of the wartime Republican administration. One was fiat money greenbacks, which depreciated by half by the middle of the Civil War, and were finally replaced by the gold standard after urgent pressure by hard-money Democrats, but not until 1879, some 14 full years after the end of the war. A second, and more lasting, intervention was the National Banking Acts of 1863, 1864, and 1865, which destroyed the issue of bank notes by state-chartered (or “state”) banks by a prohibitory tax, and then monopolized the issue of bank notes in the hands of a few large, federally chartered “national banks,” mainly centered on Wall Street. In a typical cartelization, national banks were compelled by law to accept each other’s notes and demand deposits at par, negating the process by which the free market had previously been discounting the notes and deposits of shaky and inflationary banks. In this way, the Wall Street–federal government establishment was able to control the banking system, and inflate the supply of notes and deposits in a coordinated manner."

And this just went into the overdrive of destruction once the gold standard was kicked to the kerb.

Seriously, the above book is worth reading as antidote to the caricature of history served up cold in schoolrooms as well as "mainstream" journals of "left" and "right". You will start to just laugh in the face of people holding views that look like they were made in bad Hollywood movies.

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Blighty teen boffin builds nuclear reactor INSIDE CLASSROOM

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Headmaster

Yeah, right

MUH NUCLEAR FUSION!!!111!

So, can have the diagrams of:

1) Helium production

2) Neutron emission

pretty pretty please.

Also, where did the get the tritium and deuterium wrong. That shit doesn't grow on trees you know, and if you want to do pure proton-proton fusion, you better hire Gandalf first otherwise you are in for a LONG wait.

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German freemail firms defend AdBlock-nobbling campaign

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Childcatcher

Feel the anger rising within you!

The interested reader is redirected to THIS DISCUSSION on stackexchange.

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Blimey! ANOTHER Bitcoin bleed brouhaha

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Holmes

Frack

It's like the good old times of Pakistani Hacking Sprees that butthurted "Internet Explorer Optimized" sites of all kinds back in the olden bubble times.

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NASA robot plans mid-2020s trip: Europa. Wet, radioactive life forms (hopefully). Bliss

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Re: I'm not sure if I'm missing something here

Unfortunately that kind of dosh has gone into dacha pads, not launching pads.

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