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View Full Version : Bitcoin blockchain is a garbage dump.



Atlas Shrugged
12-15-2017, 09:31 PM
Lots of hidden stuff in the blockchain.

Hidden surprises in the Bitcoin blockchain and how they are stored: Nelson Mandela, Wikileaks, photos, and Python software
Every Bitcoin transaction is stored in the distributed database known as the Bitcoin blockchain. However, people have found ways to hack the Bitcoin protocol to store more than just transactions. I've searched through the blockchain and found many strange and interesting things - from images to source code in JavaScript, Python, and Basic. If you're running a Bitcoin client, you probably have all this data stored on your system.

http://www.righto.com/2014/02/ascii-bernanke-wikileaks-photographs.html

Just wait until malware is included...make the blockchain a virus? I wonder how that would turn out?

WhatsUpDoc1958
12-16-2017, 08:22 AM
Lots of hidden stuff in the blockchain.

Hidden surprises in the Bitcoin blockchain and how they are stored: Nelson Mandela, Wikileaks, photos, and Python software
Every Bitcoin transaction is stored in the distributed database known as the Bitcoin blockchain. However, people have found ways to hack the Bitcoin protocol to store more than just transactions. I've searched through the blockchain and found many strange and interesting things - from images to source code in JavaScript, Python, and Basic. If you're running a Bitcoin client, you probably have all this data stored on your system.

http://www.righto.com/2014/02/ascii-bernanke-wikileaks-photographs.html

Just wait until malware is included...make the blockchain a virus? I wonder how that would turn out?

Data isn't typically executed, so including code in a blockchain shouldn't be a problem.

Vyacheslav Molotov
12-16-2017, 10:42 PM
If this is true, wouldn't the government have an easy way to make bitcoins illegal overnight? All they'd need to do is to hide some child porn images or other illegal content in there.

In fact, how can you be sure this hasn't already happened? If you run the bitcoin software and host your own wallet, my understanding is that you have the entire blockchain stored on your system.

Note that as far as the FBI is concerned, ignorance is no excuse. They have gone after people because of child porn stored on their systems without their knowledge. The argument was that the targeted individuals failed to do their "due diligence," although this was really just a way to make sure everyone that needed to be busted got busted.

insidedealer
12-16-2017, 11:44 PM
If this is true, wouldn't the government have an easy way to make bitcoins illegal overnight? All they'd need to do is to hide some child porn images or other illegal content in there.

In fact, how can you be sure this hasn't already happened? If you run the bitcoin software and host your own wallet, my understanding is that you have the entire blockchain stored on your system.

Note that as far as the FBI is concerned, ignorance is no excuse. They have gone after people because of child porn stored on their systems without their knowledge. The argument was that the targeted individuals failed to do their "due diligence," although this was really just a way to make sure everyone that needed to be busted got busted.

Well there you go. That's it. The government has concocted a scheme to insert some dubious crap called blockchain supposedly invented by Satoshi Nakomot-who, and when they want they'll take everybody's money away, go chase after anyone who's ever had anything to do with bitcoin, and also take the opportunity to lock up anyone amongst them who has child porn on their hard drive.
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Thanks Molotov. I recall when we last saw you opining about bitcoin you were sounding the warning to sell at 600, on account of Mt. Gox......

Chump Change
12-17-2017, 03:36 AM
Well there you go. That's it. The government has concocted a scheme to insert some dubious crap called blockchain supposedly invented by Satoshi Nakomot-who, and when they want they'll take everybody's money away, go chase after anyone who's ever had anything to do with bitcoin, and also take the opportunity to lock up anyone amongst them who has child porn on their hard drive.
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Thanks Molotov. I recall when we last saw you opining about bitcoin you were sounding the warning to sell at 600, on account of Mt. Gox......

Bitter or Pompous, I can't tell, perhaps it's something else altogether

Bitcoins has done well since the $500 mark
How come there are no news articles of anyone cashing out
There should be lots of new millionaires from Bitcoin, that would be newsworthy

Where's the usual "other side of the story"? There's something missing here and the greed and delusion are allowing some to ignore any warning signs, this is NOT unusual
If there were an IPO on Pet Rocks, the masses would have fallen into the pit, er, invested heavily

Vyacheslav Molotov
12-17-2017, 04:03 AM
Bitcoins has done well since the $500 mark
How come there are no news articles of anyone cashing out
There should be lots of new millionaires from Bitcoin, that would be newsworthy


I believe that few went all in at the time. Moreover, most of the few who did do not feel the need to boast. Once you have enriched yourself sufficiently, you sort of move on to other things than arguing on the Internet.

Regarding MtGox, I was only warning people about the obvious dangers. Hopefully at least some heeded this.

In any case, the issue I raised still stands. I can almost imagine a scenario where the government gives you a period of "amnesty" to clear out your bitcoins, or the FBI will confiscate your wallets and charge you with harboring child porn or whatever other unsavory stuff they stuff into the blockchain.

AnotherDave
12-17-2017, 12:36 PM
I believe that few went all in at the time. Moreover, most of the few who did do not feel the need to boast. Once you have enriched yourself sufficiently, you sort of move on to other things than arguing on the Internet.

Regarding MtGox, I was only warning people about the obvious dangers. Hopefully at least some heeded this.

In any case, the issue I raised still stands. I can almost imagine a scenario where the government gives you a period of "amnesty" to clear out your bitcoins, or the FBI will confiscate your wallets and charge you with harboring child porn or whatever other unsavory stuff they stuff into the blockchain.

Maybe, if you live in a country like this, saving the people from Bitcoin isn't the biggest problem.

everything1
12-17-2017, 01:32 PM
I only jumped into the fray because I heard in a few months time the exchanges would connect to the futures markets, and so the average joe could invest without opening an actual crypto account. I sold the other day and doubled my money, can only wish I would I would have went all in, and everyone says this now. Still, I kept my bitcoin. They gave it to me for free, yes free bitcoin, 10 dollars worth for opening a coinbase account and 10 dollars for a friend referral. I predict a pullback as government regulators try to stymie the fun and tax it. Not much backing crypto, if you read all the noise and talk you never hear anyone talking about the great products or things that the coins are doing, the barely even know how to scale the use of them in ordinary transactions, and the fees may negate the upside. Are they going to pay me for paying for something in bitcoin, my CC pays me to buy stuff. And, to say well they are not making any more bitcoin, to compare it to dollars or gold either. As it is, the crypto's are valued in dollars. Part of the speculatory craze aspect is because it's a 24/7/365 world exchange market. I've been more optimistic about crypto in the past, as in one world currency.. But, even individual feds, or countries are conjuring up their own coins. So yeah, is the end goal for everyone to have their own coin because that's what it seems like. Now Germany came up with IOTA saying it's not even going to need a blockchain.