11/30/12

Canadian MintChip and Bitcoins -Whats Up

gAtO’s bEeN - checking out digital currencies and I find that The Royal Mint of Canada was researching a digital currency, they had a contest for developers witch gave the winners over $50,000 in .9999 gold. —/ Stop here so the digital currencies developers were payed in GOld not in their own currency or canadian money. Silicone Valley works with stock options and stuff for their geeks but -// I’ll give you the full tour below but the similarity to Bitcoin is uncanny.

Ok-OK a government watching it’s people transactions -umm I don’t like that // the real killer – 0% transaction fees. Do you think that the “kings of making money off transactions” Visa-MC-AE- Paypal – 1 1/2 to 3% transaction fees and the banks behind this would allow it. Reducing the velocity of money and NOT making money with free 0% transactions on digital money – the bankers did the math and the politicians killed this quite like…//

 

So what happens with MintChip – Canada’s Digital currency-  it has disappeared into the Bermuda Triangle of digital currencies holes – a news blackout. The only thing I found was The MintChip Challenge website – http://mintchipchallenge.com/updates (sad the awards were Oct. 25 -Not a word) Not a sound about a digital currency that a government is trying to use. Why the news blackout??

Canadian commissioned social-Impact researchers requested the immediate halt of the project due to concerns over marginalizing technologically-deprived Canadians. http://en.wikipedia.org/wiki/MintChip

So a social-economic reason is the only thing they can come up with right!!! The government gives out food and cash to the poor why not MintChip and why the news blackout I ask again. So while a Country try’s to build it’s own digital currency and FAIL Bitcoing is going up 135% in the last 3 months this must mean the people rather put their trust in the “ether” of Bitcoins and Miners and all the problems than a government back digital currency. mEoW

 

Now that is a statement by the people and for the people – People just don’t true government anymore but the questions of why and is more important -HOW this was kept so quite -mEoW – gAtO OuT

Ref:

http://mintchipchallenge.com/updates

http://www.delib.net/dblog/

http://www.royalmint.com/?promocode=W13G&__ja=kw:the+royal+mint%7Ccgn:The+Royal+Mint%7Ccgid:2446467505%7Ctsid:38842%7Ccn:Brand+%7c+USA+%7c+_Brand%7Ccid:71526745%7Clid:13878890%7Cmt:Broad%7Cnw:search%7Ccrid:12338821465&gclid=CJuG6amT-LMCFSFyQgodNEsA1Q

http://en.wikipedia.org/wiki/MintChip

The MintChip System

The MintChip digital currency works on the Internet, in the physical store, on mobile devices, and enables easy person-to-person transactions. You can choose to register an account in the cloud, download an application or obtain a MintChip device to transact in online and offline environments. The MintChip system is based on a direct asset transfer model that moves value between trusted stores without the involvement of any intermediary. Each participant has a trusted store loaded in an account in the cloud, mobile device, USB stick on a PC or a tablet.

Whether in the cloud, or inserted into a device that you carry, the core of MintChip is an integrated circuit that holds electronic value and transfers value from one chip to another in a secure fashion.

Hosted MintChip (Cloud Account)

A Hosted MintChip Store allows consumers and merchants to transact and manage their MintChip value remotely via a ‘cloud account’.

The operator of the Hosted MintChip Store manages a user’s MintChip store (account). The operator authenticates the owner of the store, and acts upon their instructions to move value into and out of the owner’s MintChip store (account).

Transactions

Sender and Receiver

A complete MintChip transaction always consists of two MintChip devices, a Sender and Receiver. A Receiver’s MintChip ID must be known by the Sender, this is the main purpose of the MintChip Request transmission.

MintChip Value

On receiving the value request message, the Sender’s MintChip creates the value message that represents a monetary value in transition. The value message contains the requested monetary amount and can only be consumed by the Receiver’s MintChip identified by its unique ID. The value message is digitally signed to protect against any tampering. Once the value message is created by the Sender’s MintChip, the MintChip’s balance is decreased by the corresponding value. This transaction is irrevocable. The Sender cannot stop or cancel the

transaction after the value message has been created. On receiving the value message, the Receiver’s MintChip verifies the validity of the message using the digital signature and the Sender’s public certificate embedded in the message. It also verifies that the value message is not a duplicate using the challenge value. If the value message is valid, the Receiver’s MintChip balance gets incremented by the amount specified in the value message.

 

Sustainability 

Designed by the Royal Canadian Mint, MintChip has been architected with security and trust at its forefront. The MintChip solution delivers privacy and convenience to consumers and provides merchants with a cost effective payment option that can easily monetize digital content. Just like cash, the MintChip system is based on a direct asset transfer model that moves value between trusted entities without the involvement of any intermediary.

There is no need to provide any personal information when paying with MintChip. MintChip payments are irrevocable and secure.

Architecture 

The MintChip ecosystem has been designed to emulate the existing coin distribution model, i.e. MintChip is minted by the Royal Canadian Mint and distributed into the market by a Trusted Broker, to be used by consumers and merchants. 

The MintChip – Value Creation

 

The MintChip system models the attributes of cash.

The MintChip Minter is the trusted entity that creates the MintChip value and which it puts into circulation by selling value to the Broker. The Broker trades MintChip value with the users of the system and MintChip value is exchanged with consumers and merchants. The Broker debits and credits the merchant and consumer bank accounts in exchange for MintChip value. Senders and Receivers are users of MintChip value and may be consumers, merchants, businesses, Government, etc.

 

The MintChip – Security Overview

 

The MintChip chip is a Tamper Resistant Module (TRM), sometimes also called a Hardware Security Module (HSM). The Value Transfer Protocol cannot be modified without detection.

The integrity of the TRM must be assured and the cryptographic mechanisms protecting the Value Transfer Message are adequately resistant to attack.

 

The chip used for the MintChip store must adequately represent a TRM.

The security of the chip (including firmware and software) is the greatest vulnerability in a MintChip system; therefore MintChip will use security-hardened chips with regularly planned security upgrades.

The MintChip system is deliberately designed for changes to both the chips and cryptographic mechanisms in a transparent fashion. It is even possible to force the expiry of a particular MintChip platform version.

Unlike other conventional electronic payment systems, MintChip does not have the same threat model. MintChip can operate off-line or on-line unreferenced to any trusted party and the payment is instant and irrevocable.

Recap

 

FuzionApps would like to bring this offering to the US, using our mobile app DeMerchant MintChip. By using a technology that’s already in place, we can bring this to the US Market faster that starting from research and development. The demand for electronic transactions is on the rise. Of all the offerings in the market, we believe this to be the most viable, assessable and secure. Contact Laquitta at demerchant@fuzionapps.com for a demo of our mobile app prototype.

FuzionApps, Inc.

1750 Northshore Drive Missouri City, TX 7459 (281) 403-1087

www.fuZionapps.com  – Point of Contact: Laquitta DeMerchant demerchant@fuzionapps.com

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Digg 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11/29/12

Bitcoin and Forex Trading

gAtO lEaRn-that FOREX means the foreign exchange market or currency exchange where one type of currency is traded for another type. —/ USD to CAN – United States to Canada currency. So Bitcoin is just another currency why can’t we get this running right. //and/or do we want real Forex in this phase of the development and adoption of digital virtual currencies??? So who is playing the game with BTC=(Bitcoin) and getting it right. Well let’s just say it is developing and the players are starting to get it right, “I think so Cisco”

Forex Trader

Bitcoinica is one of the first attempt to jump on a new technology and do everything wrong. clue: Any business in cyberspace and especially one that deals with money, make sure you have good security. How about make sure your password for your e-wallet is a good one (@#$%^&g(*rre#$%^1076#$%^) my favorite password free here use this you stand a better chance. If you want to read more about it see Ref: below but they are still around but the reputation was really damaged. They are a legend on the Bitcoin Forum on how NOT to do it.

But really let’s take a look at FNIB – and Bit4X -

FNIB has gone through fire and rain and have proven themselves to be real as anything in the virtual world is real. They have made great YouTube Video in a bunch of languages to attract the global and lucrative  Forex market with Bitcoin and Swiftcoin. What is Swiftcoin well they FNIB have taken the Bitcoin open source and tweaked it a bit and now they have their own digital currency, with their own miners they control everything. FNIB have down some excellent work and built great video on Youtube. They have stood against peers – Bitcoin Forum and survived but this morning -Nov, 29 0748 EST – I could not get to the website – It was working last night —/ problems /- we will have to see – if I was using their system and I could not get to the website or my trading platform and I have money in this account – I would be worried.

Bit4X – the  new kid on the block -https://bitcointalk.org/index.php?topic=114818.0  – Once again I have to go to the forum to see what the players are saying because they are always on top of everything Bitcoins and gAtO is only a beginner.  Nov, 29 0748 EST their site loads up quick – 3-4 page only – Yeah and they use an standard MetaTrader4 Forex platform so are they legit – this is only a few months old so time will tell if they flush out.

Mapping out the BitCOin

Mt.Gox is a Japanese company that is building trust and reliability in the Bitcoin community :Mt.Gox K.K. offers a unique service, facilitating the exchange of Bitcoins between users globally in the currency of their choice. Multiple currency markets allow users to purchase and resell their Bitcoins in up to 16 different currencies, along with the ability to securely store Bitcoins in a virtual “vault” for safe keeping. :

Once again I am not the best gAtO to talk about trading I only day traded in 2007-2008 and we all know how good that venture went but Bitcoin and Forex is a one to one relationship if you want to check out the Bitcoin charts  – check it out -http://bitcoincharts.com/markets/  - gAtO OuT 

—Digital Virtual Currency That are used in the- Currency Exchange’s

Liberty Reserves – WebMoney-WMZ – LiqPay – QIWI – PayPal – OKPay – Payza/AlertPay – Yandex – UKash vouchers – SEPA bank transfer – USD,EUR,GBP (Credit & Debit cards via Skrill/Moneybookers) – CAD (cash deposit at Royal Bank, Bank of Montreal or ScotiaBank) – USD (Redeemable code from Mt. Gox) – USD (Dwolla) – USD (OKPay) – EUR/DKK (SEPA and wire transfer) – USD, EUR, GBP, DKK, SEK, NOK (Cash or check in the mail) -

AED, DZD, EGP, IQD, ILS, JOD, KWD, LGP, LYD, MRO, MYR, NGN, OMR, PKR, QAR, SAR, TRL, TZS, TND, YER (CashU card) -

MXN, EYU, BOB, BRL, COP, SYP, MAD, GHC, ZAR, CNY, CAD, and more (UKash voucher) -  SLL (Second Life)Linden-Dollar – GoldMoney – Pecunix

USD: United States Dollar – EUR: Euro – GBP: Great Britain Pound  – AUD: Australian Dollar – CAD: Canadian Dollar – RUB: Russian Ruble  – PLN: Polish Z?oty

- SLL: Second Life Linden Dollar – GAU: Gold gram (Pecunix) – JPY: Japanese Yen – CHF: Swiss Franc – SEK: Swedish Krona – DKK: Danish Krone – NOK: Norwegian Krone – NZD: New Zealand Dollar

-Trust but Verify- is gAtO mOtTo.

Ref:

Bitcoinica – http://arstechnica.com/tech-policy/2012/08/bitcoinica-users-sue-for-460k-in-lost-bitcoins/

FNBI – http://www.firstnationalib.com

FNIB – Video – http://www.youtube.com/user/wwwFNIBco

Bit4X – http://www.bit4x.com/

  • Fixed Rate Exchange & Other Information
    • The following exchanges are either exchanges using a fixed rate based on other markets or are exchanges that enable you to redeem smaller amounts of bitcoins at reasonable rates:
      • AutoMtGox Convert your bitcoins to US Dollars automatically.
      • Bahtcoin Trade BTC for Thai Baht, cash, LR, Webmoney, or Thai mobile and gaming prepaid cards.
      • BTC China – Market for exchanging bitcoins to and from CNY, withdraw CNY (Tencent, Alipay) and USD (Liberty Reserve).
      • Bitcoil Exchange BTC for ILS with bank transfers in Israel
      • Bitcoin Argentina Trades BTC for ARS. Cash and bank transfer. No exchange fees.
      • Bitcoin Brasil Cash exchange that redeems bitcoins for BRL, USD.
      • Bitcoin Nordic Sell bitcoins with withdrawal to PayPal or bank transfer.
      • Bitcoinica Leveraged BTC/USD contract-for-difference (CFD) trading.
      • Bitcoiny.cz Trade your BTCs for CZK. No-escrow, direct person-to-person trading.
      • bitcoin-otc IRC trading marketplace will usually have people willing to deal for small and larger amounts using various payment methods, including PayPal, Dwolla, Linden Dollars, etc.
      • Bitcoin.com.es Trade your BTCs for EUR (Bank transfer).
      • bitcoin.de Trade your BTCs for EUR (bank wire, SEPA bank transfer, Liberty Reserve, Money Bookers), person to person, eWallet
      • bitcoin.local arranges for exchanging currencies in person with someone nearby
      • Bitcoins In Berlin Trade your BTC for cash-in-the-mail (EUR), in-person trande, Western Union, Moneygram, bank transfer or SEPA.
      • Bitcopia.com Sell bitcoins for (USD) cash in mail, check, money order, cash deposit, bank transfer, or dwolla. Buy bitcoins with cash deposit. Instant, live quotes based on Mt. Gox prices.
      • BitMarket.eu Trade your BTCs for EUR (SEPA bank transfer), GBP, USD, PLN, AUD, CAD, ZAR, ILS, CHF, and RUB as OTC with BTC Escrow.
      • BitMarket.co Trade your BTCs for Colombian Peso (COP) as OTC with BTC Escrow.
      • BitPiggy Trade your BTCs for AUD (Bank transfer).
      • BTCinstant.com Trade bitcoins for Virtual Credit Card (VCC, and specifically Virtual Mastercard brand) sent through e-mail.
      • BlockChain.info Convert bitcoins to MoneyPak straight from your Blockchain wallet (serviced from BTCPak).
      • BTC Buy Simple interface to trade your BTCs for Amazon, Barnes & Noble, NewEgg, ThinkGeek and Sears gift cards
      • BTCJoe.com Trade bitcoins for Amazon gift codes and iTunes (USD).
      • BTCPak EXCHANGE YOUR BITCOINS FOR MONEYPAK: SECURE, ANONYMOUS AND EASY!
      • btcx.se / Btcx Sweden || 0% above 80 btc || SEK || Bank transfers to most Swedish banks within 4-12 hours.
      • Canadian Bitcoins Buy/Sell Bitcoins in CAD and receive Cash, Cheque, Bank Transfer (TD Person Pay) or Interac.
      • Cartão BitCoin Convert your bitcoins to reload your debit card (offered to Brazilians, accepted at 10,000 locations in Brazil)
      • Coin2Pal Sell your Bitcoins and receive PayPal funds immediately.
      • Coinabul Trade your BTCs for Gold/Silver
      • Coinbase Sell bitcoins with proceeds delivered as a bank transfer (U.S.). Instant verification available for new accounts.
      • ECurrencyZone Cash out bitcoins to INR, BDT, MYR, SGD via bank transfer or cash deposited to your bank account. Also to Western Union, Moneygram, Citibank global funds transfer, Paypal, Skrill/Moneybookers, Payza/AlertPay, OKPay. Convert to digital currencies Liberty Reserve, C-Gold, Perfect Money, WebMoney and EGOPay.
      • FastCash4Bitcoins Sell your BTC and receive cash today. Over 100,000 BTC bought. Payments issued using your choice of PayPal, Dwolla, ACH (Direct Deposit), Bank Wire, Company Check, Cashier’s Check, or MoneyPak.
      • Mang Sweeney Use bitcoins to send remittance payments to the Philippines, in-person cash out in metro Manilla or from various remittance centers. Languages: English, Filipino.
      • Lilion Transfer Exchanges bitcoins for Liberty Reserve, Pecunix, AlertPay, Skrill/Moneybookers, PayPal, and more.
      • Nanaimo Gold Redeem bitcoins for Liberty Reserve (automated) or for money transfer, money order or direct deposit within Canada.
      • Spend Bitcoins Sell bitcoins for AUD (Australia). Redeem for bank transfer, AustPost reloadable VISA, bill payment and other various methods.
      • WM-Center Buy/Sell BTCs with withdrawal to International bank wire (USD, GBP, EUR/IBAN, RUB, AUD), Western Union, Moneygram, Liberty Reserve USD/EUR, Perfect Money USD/EUR, Pecunix, Paxum, c-gold, Hoopay, Anelik, Xoom, Skrill/Moneybookers, Neteller, cash, etc. 24/7/365 support in english, spanish and russian.
      • LocalBitcoins.com Location-based bitcoin to cash exchange.

 

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11/28/12

Dominate the Future with Bitcoin

gAtO tHiNk - money is what keeps score -but after the game is over it all goes back inside the box. We all play the game of money, currency has been around forever when we started to civilize the world the first thing we did was put value on skills then on objects.  Whatever the price in blood, sweat and tears money men though out the centuries have always found a way to keep the control of printing or minting currencies until today. Now the new digital virtual currencies is sweeping the world but like Bitcoins and a few others the bankers have lost control and they will stop at nothing to keep that strangle hold on currency everywhere.

As we research fiat currency we find that he who controls the quantity of bills/currency control everything. Why did the great depression start simple the money men spread rumors to bring down the price of everything so they could buy cheap assets. They control the flow of money and they started to reduce the amount of currencies and the breakdown began.

The rules of modern day man and humanity is totally imbalance. Let’s take a look at wars in WW-II if we used all the resources and energy that all sides used to make war and invested them into improving humanity we could of fed all the people of the world and made sure they were healthy. But the war machine is the engine that produces industry and industry supplies the money that rich men need to play their game that only they know how to play. Until Now!

Now the money men have driven us into mindless consumer machines where we stand around big lines on Black Friday and all the other Sale days (Christmas, New Years, Valentines Day, Easter Bunny) that the money men put out and we fight with each other just to fill their coffers. We have watched the money men control politicians buying an election that was in your face for sale and they lost. This last election showed the world that people that have the power want to control everything with their money but they cannot if the people decide the right thing.

With the new digital currency we can beat the money men and their sick game to control all worldwide currencies. Today Bitcoins and other currencies are making the rounds and regular people in the digital world are using digital currencies and they the bankers and the money men cannot control this new currency because they cannot control the creation, the printing press that prints the money has stopped and now turns another way and the money men and bankers will now wage full war to kill these new currencies that are poised to united the world as one and maybe bind the world as one government and that alone scares the policy makers, politicians and bankers, they are the ones who love money the most and will sell their souls for a champaign contribution, their war chest full of money that they get to keep after the election to spend as they see fit.

Politics, Social Behavior or the environment: an explanation for the way things are that does not threaten the way things are. Why should someone feel unhappy or enrage in antisocial behavior when that person is living in the freest and most prosperous nation on earth? It can’t be the system! There must be a flaw in the wiring that people have somewhere.

We blame it all on addiction, addiction to food, addiction to energy, addiction to shopping, but it’s a simply addiction and control of money, the money men will give us a new way to shit, shower and shave – How many commercials have you seen that apply to these 3 basic things that all humans need. They bombard us into believing that make believe show on TV are real and we must act that way or we must not be normal.

Why doesn’t she buy the same dress as I do, she’s different she does not understand that society tells us how to behave and how to act. But the underlying truth is they (the machine) have taught us that we must buy toothpaste, and deodorant and what kind of toilet tissue we need to use.

If we do not comply with the masters of mad men in madison avenue and be what they say you are then that difference they cannot control and that is what digital currency has become something that they do not see but as it becomes more popular and more merchant and normal people use it then they lose control. What they cannot have is us people free from the debt and interest that they make us take if we want to make sure the the Smiths and the Jones have a big 62 inch TV and the same Car, and the same color and the same everything.

They have taught us good and we behave like a good puppy and maybe they will give you a longer Black Monday shopping day to give them more money on things you don’t want or need but you get to be normal and just like the rest of nobodies that follow the sheep herders from field to field.

Bankers are rewarded and this they called respectable social behavior and those that show the bigger/control profit gets a bigger bonus year after year. We even let them destroy the financial market and then after we bailed them out for their stupidity they gave themselves a raise on our dime. And we just let them go on and on.

Culture and societies are tied to currencies and some are more violent than others in acquiring money. The market – one of the things that humans have wanted as with the magna carter we wanted rights to be treated as equals to have land and to have a better living conditions. The Treatises of Government – The “one thing” that blocks this is the invention of money, and men’s tactic agreement to put value on it: Now we have property and goods that are produced by our own labor and the bankers want to control how we handle this to make sure that we are beholding to them or enslaved by them like a mortgage or a loan on a car they own it-/ you rent it from them only.

The wealth of Nations by Adam Smith said it best for the control of currency he states that we are “led by an invisible hand” of GOD. So property and good and service domestic industries are controlled by regulations and laws to protect us the people. They added GOD to make it seem like they are protecting us and make sure that all power of money is controlled by bankers and reinforced by nations.

If currency has value or not, it is up to us the people not the banks and governments. They tell us currencies like Bitcoins are evil! Only because they cannot control it. They tell us Bitcoins are only used by Hackers and Wikileaks and they are a bad corporation and so if they are evil and you use evil money then you are evil….You can use Visa, PayPal or Master-card to donate to Nazi, or Westboro Church but give it to a company that publishes the truth and they all get upset and put their panties in a knot…//

The free market capitalist system was invented by the powers that be to control us but they let us know that they are in control with rules, laws and regulations. Today we do not value society on the aspect of the quality of it people but we use financial terms like GDP and other financial markers to show how good we all are, but it’s all a lie to keep us happy. Gross Domestic Product, Consumer Pice Index, Inflation and stock markets is how we judge people and countries today instead of how it’s people are living and not the quality of life and it’s society values that are tied to the currencies of that state nation.

Inflation is when the bankers ramp up the printing press and prints more and more money to make sure that interest are paid up. Bankruptcy will happen to individuals, corporations and countries when they cannot pay the interest on the debt that is owed.

Debt is how they control us you see it put’s pressure on people and business and countries because of the pressure that debt put on people, they will work harder and longer and cheaper just to pay the interest and keep the bankers happy and that is a win win for bankers and politicians. CONTROL

IMF and World Banks and other are there to make sure that opportunities get pounced on. Take a poor country that needs money to invest in clean water well that country must go to find money and these banks that are control by for profit corporations give countries loans with high interest rates, then when they default they in act Austerity and setup sweatshops with no humans rights and rape all that countries natural resources and then these are sold back to the country as finished goods. Like what China is doing to the U.S.A today

That is why countries invaded because they have resources that others want to control. Then after the war we re-build and charge them big time after we bomb the shit of of their country in the first place. Then we give no-bid contracts to our banker friends to have a new revenue stream. War rebuilding is a big profit center ask any beaten nation how much they paid to rebuild. How much did we paid to make the bombs that we made and sold to our governments to make war.

The War-Machine-Industrial complex corporations have us first pay them to make the weapons of destruction and them after the war and destruction we help corporations make money by rebuilding what we destroyed and leave the peoples lives in ruin as they profit. We wonder why people hate these stupid profit wars. It’s a sad, sad world…

The bankers have played all their games, debt swaps, derivatives and all kinds of debt deals just to create money out of vapor like when they print money and add debt to the equation. This is the problem that bankers have with Digital virtual moneys.

Digital currencies would of not died if DigiCash or Egold did the right thing and not base their currencies on real money backed by Gold, backed by Silver every time they tried the bankers knew they could kill it with laws and governments that they control and now Bitcoin steps in and at first they did not mind it because there were so very little of it but as the price of Bitcoins has gone up more and more people are adapting to this new currencies and there lies the fault. As more Digital virtual currencies go into the other currencies mix there will be less and less fiat currencies to pay back the debt/Interest that is owed to bankers and there lies the BIG FEAR OF BANKERS.

Velocity of currencies is the real thing that scares them as more and more merchants and maybe even countries switch to this new form of uncontrolled and unregulated currencies the less money form the bankers printing press that that they need and so debt is reduced and now this lowers their income of the money men and that is not allowed. Check out the European Central Bank Report -October 2012..

The Monetary-Market System only has one thing and that is inequality and this is were Digital virtual currencies helps the inequality. Anyone can now become a miner and mine and create BitCoins and NameCoins so now they have lost “the control of quantity” now anyone any country or person can create Bitcoins and it’s beyond the regulators that are bought and sold to the highest bidder legally. Now Bitcoins and currencies like it have a new role in this old game we play and that takes away power from the bankers and governments and they will fight us all if this new currency goes wild in the streets like is has. We see that smartphones shopping has gone up almost 35% over last year and digital currencies will enable merchants throughout the world to make more money using this new currencies do you think that corporations will not want their cake and to eat it too.

But the adoption of this digital currency will only speed up the process that a new world wide digital virtual currencies will dominate the future. Bitcoins may not be the ideal currency but now that we tasted the ability to create our own currencies without debt this is a good thing and societies will use it more and more. If the “evil global bankers” do not stop it they will lose this game big time and lose some of the control they love to yield. The tide is coming with digital virtual currencies in the lead- gAtO oUt 

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11/21/12

Bitcoin -Cyber Death of the Banking Industry

Those that control the quantity of currency has all the power.

 

gAtO tHiNkS -Here in America every dollar is created by a bank not the government. We have given the power to private bankers 6 times in our 200+ year history. The basic is the federal reserve prints all money then loans it to the U.S government. So every dollar create has debt/interest built into it from the beginning. 

This mean we owe money for every dollar created at birth then the bankers loan it to us to distribute but we pay them a debt/interest on that loan for every dollar. For the price of us owing debt for every dollar we then give the banker the privilege to loan out 10 times more money than they have (fractional Reserve Lending). They can now collect interest/debt on that too. They create money from a vacuum (a loan 10 x more money than they have in deposits) and we love the banker for it. After we bail the banking interest out of collapse they

gave each other bonuses – WOW they do have power and they throw it in our face the 1% control the flow folks so get use to it…

Digital Currency and Bitcoins

The purpose of this post is to look at currencies and how they apply into cyberspace. I am a cyber security person when we were working on our last book-The Deep Dark Web- we saw virtual digital currencies take off and start to revolutionize our beloved cyber world. When we saw more and more legit merchants and cyber criminals change their habits and go after the Bitcoin and all it’s power of non-repudiated transaction in the digital world we had to explore this. What we found is that plutocracy is at the very bottom of the problem… He who controls the quantity of currency has a all the power.

My first question was how does currency gets it value and we were surprised by what we found. Ever heard of a “tally stick” well it seems that a king in England spent all his gold fighting wars of course. So he needed to find some way to keep his kingdom alive so the invented the “tally stick” just a plain piece of wood that had notches on it and they would split the stick in half. One part for the banker and one for the person getting the goods and service and when they paid off their loans the “tally sticks” were re-united and we knew it was right.

So if we use a piece of wood “tally stick” or a piece of rock “gold” we can give the power of currency to anything even a math/crypto number (Bitcoin). Oh by the way England flourished very nicely with it’s “tally stick” since it was created without having interest first by the bankers.

Veteran4life

Those that control the quantity of currency have all the power

Debt is created with every dollar created by the Federal Reserve, it then is loaned to the government to pays it’s bills. We are cyber security people not financial people but this sucks. Why can’t we as a government create our own debt free dollars? Because the bankers all got together and created this system to confused the consumers into thinking that they were trying to protect us the people.

Once again: What we found is that plutocracy is at the very bottom of the problem… He who controls the quantity of currency has a all the power.

Plutocracy means ruled by the wealthy plain and simply and as long as the bankers pay off the politicians and have control of the money supply then they can reduce it volume of the currency and everything goes down. They can now purchase real assets very cheaply then they increase the currency by simply PRINTING IT and the values goes up and they have more money. Oh let’s keep the population  fighting against each other – The old divide and concur Democrats -Republican it’s all a scam to keep us happy in each party and control us – while they control everything they even fix the price of libor when it’s supposes to be free market and they have been found guilty and nothing can be done because they control the flow of money. They committed crimes by Libor manipulation and nobody has even got a parking ticket.

We have had a few virtual digital currencies but they have had their problems because they try to based it on gold, silver or banknotes. Bitcoin is so different because nobody can control the flow of Bitcoin. Bitcoins will become available thru mining using plain old math and crypto and that cannot be controlled. I guess that countries could become miners but there is still room for independent miners so Bitcoin presents a problem for them.

They tried to make Bitcoins evil when Wikileaks lost it’s funding from Paypal and Visa then Wikileaks  went to Bitcoins for support and they won and are still around. Even the european banks have reported this Oct. 2012 that if Bitcoins get more popular then Banks will be force to be excepted. Merchants will take any currencies that they can get for their goods and service and Bitcoins are now being accepted by more and more legit business so get ready cause Bitcoins are coming…

Now one of the bankers biggest fears has appears Africa is think of using Bitcoins as currencies. With all the problems that these countries have it’s people they can keep their moony in Bitcoins. Now if countries start to accept them then we have a big problem. And Bitcoins are coming in a physical way – people are selling Bitcoin denomination with a crypto m=number for the value of the bill or coin. Bankers are looking into this and we see the European Bankers association is already looking at Fractional Reserve standards for lending in Bitcoins. Of course Europe is adapting faster even as this new digital currency will just about eliminate transaction charges that banks and credit companies love so much for their bottom line. Bitcoins are a game changer – Adapt or Die – Look at the Record industry – look at the Publishing industry – Hay big Banker – Adapt or Die -gAtO OuT 

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11/20/12

Global Bankers Fear Bitcoin

Global Bankers Fear Bitcoins

gAtO bEeN -reading the European Central Bank report October 2012 “Virtual Currency Schemes” Were they plainly state that they are worried about Bitcoins. Linden dollars or Chinas Q-coin were different but they they scared the “bankers” when they translated to goods and service, the Q-coin was put down by China because they did not want an uncontrolled currency competing for the state coins. let me back up and explain it – gAtO StYlE-

The bottom line is “The increase in the use of virtual money might lead to a decrease in the use of “real” money, thereby also reducing the cash needed to conduct the transactions generated by nominal income  “ the other fear is “  On the one hand, they could have an impact on the velocity of money existing in the economy. On the other, the interaction between virtual currencies and the real economy could also increase if widely used. “ So now we see the big picture. Fear that they will lose income generated by transactions and generating their “nominal income” this means Bonus money-

What fears them even more is virtual currencies could have a substitution effect on central bank money if they become widely accepted. WordPress just add Bitcoins as a payment method and they are the #1 Blog Web-App so now this buts Bitcoins on the international stage not supporting Wikileaks but a legit organization like WordPress. Now we look at another aspect of their report which is another blow they call it – “velocity of money” in other words Bitcoin can and will effect the volume-velocity of moneys that are controlled by “banker”. Fraud concern are of little impact on the bankers but they will shout it out loud that they are worried about the consumer, but there eye are on bonus money…

The Subjective theory of value claims- things become valuable in the economic sense (have exchange value or price) under two conditions:

1) They are useful in satisfying human wants, and are therefore desired.

2) There are not enough of them, or just enough of them, to satisfy demand.

3. Any goods that are in unlimited supply would have no value.

gAtO has been trying to figure out how currency have value and the “Subjective Theory of Value” the part about unlimited supply is the JOKE that the bankers have had on us for centuries. They have an unlimited supply of banknotes – “Print more up in a New York Minute” but hey have convinced us that they are right to control the presses and print all the money they need because “we” need to pay them back their interest.

Interest to you means profit for the bankers, and let’s not forget their fees for anything under the sun that they want to charge you for letting them hold YOUR MONEY. So Bitcoins (virtual currency) are a BIG fear for “evil global bankers” as more respected merchants use Bitcoins the more bankers will have to deal with it. The Keynesian Viewpoint say fractional Reserve Banking with Bitcoins is possible and practical so bankers have no more excuse except that once again their fees will go down and their power will go down so the fear is real.

So expect governments controlled by bankers to fight Bitcoins kicking and screaming but the world is ready for a world wide currency that works and controlled by the people not the bankers - gAtO oUt

http://www.ecb.europa.eu/pub/pdf/other/virtualcurrencyschemes201210en.pdf

http://en.wikipedia.org/wiki/Subjective_theory_of_value

from the report:

In an extreme case, virtual currencies could have a substitution effect on central bank money if they become widely accepted. The increase in the use of virtual money might lead to a decrease in the use of “real” money, thereby also reducing the cash needed to conduct the transactions generated by nominal income. In this regard, a widespread substitution of central bank money by privately issued virtual currency could significantly reduce the size of central banks’ balance sheets, and thus also their ability to influence the short-term interest rates. Central banks would need to look at their existing tools to deal with this risk (for instance, trying to impose minimum reserve requirements on virtual currency schemes).

The substitution effect would also make it more difficult to measure monetary aggregates and, as a consequence, would affect the relationship between the monetary aggregates as measured and inflation, which is used to gauge risks to price stability in the medium to longer term. Lastly, on this second aspect, when virtual money is created outside the realm of the central bank and virtual credit can be extended, this may have implications for the way interest rate decisions by the central bank are transmitted through the economy and the central bank’s control over money and credit developments could become less effective.

The third aspect to examine is the interaction between the virtual currencies and the real economy. Second Life and Bitcoin users are spread around the globe and therefore their impact should also be interpreted globally. However, if a virtual currency scheme was to be focused on one specific country, it could indeed have an impact on the money supply of this country. This is what happened in China with the Chinese virtual currency scheme Q-coin, introduced by the company Tencent, one of the leading telecom operators in the country. QQ is an instant messaging service  rovided by this company that also allows virtual payments to be made with Q-coins. This currency can be purchased by credit card or by using the remaining balance on a prepaid telephone card. The exchange rate is fixed against the renminbi. Originally, this currency was implemented only for the purchase of goods and services provided by Tencent. However, users started using it for person to person (P2P) payments and some merchants also started accepting Q-coins as a means of payment.

In addition, several online games rewarded users with points that could be exchanged against Q-coins and ultimately also against yuan in the black market. The virtual currency had evolved into an illegal money scheme. Chinese authorities saw the amount of Q-coins traded reach several billion yuan in one year, after rising around 20% annually. In June 2009, the Chinese authorities decided to ban this currency for trading in real goods in order to “limit its possible impact on the real financial system”.5 They also provided a definition of a virtual currency and stressed that they would only allowed it to be used for purchasing the virtual goods and services provided by its issuer and not for real goods and services.

Box 3 shows a few examples of innovations based on Bitcoin. Apart from fraud concerns, two possible effects can be expected if these kinds of innovation proliferate and succeed. On the one hand, they could have an impact on the velocity of money existing in the economy. On the other, the interaction between virtual currencies and the real economy could also increase if widely used.

In both cases, there would be a need to monitor these innovations.—

The ECB is the central bank for Europe’s single currency, the euro. The ECB’s main task is to maintain the euro’s purchasing power and thus price stability in the euro area. The euro area comprises the 17 European Union countries that have introduced the euro since 1999.

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11/19/12

Money Laundering scenes in -The Digital World

gAtO look - at 2 different Money Laundering scenes in -The Digital Virtual World-

Games:

Farmville, Second Life and World of Warcraft these 3 games have been used by organize crime for money laundering. here are 2 examples —

How2-1- An item in a virtual game world have value in the real world – In China (game sweatshop-and other places) they set up sweat shops for games and get people to play the game. Then they take any magical Item that they find and they pay them off but then take the Item and sell it to other players for big bucks. It’s a a game sweatshop – When they setup shop in small Chinese towns this is an attraction and people flock to free games and computers.  game sweatshopsound’s like not a big deal but they make them play for 20-22 hours a day slave labor for game items…

Mapping out the BitCOin

How2?2 Stolen Credit Cards Launder Money in the Game World: Now we take the same game and show you how criminals use games to pass profits from stolen credit cards.  This is another way that the criminals scam CC. We know Credit Cards (CC) number are stolen every other second in cyberspace so now they take these credit cards and buy virtual Items in these game sites and then sell them to others for clean money. This simple method works they setup an account milk it for a few weeks and then destroy it and move on to the next ID.

DC -Digital Currency – Launder CASH to Bitcoins

So if a CrimeBoss has a lot of cash he can send his men down to-// Walmart, 7/11 or CVS Pharmacy -// and purchase MoneyPak then they can setup accounts online and exchange these MonyPaks to Bitcoins (how about MrBitCoin)- Now once in this world they can be exchanged for goods and service and even converted to Pre-loaded $$ CC (Credit cards) and just spend the new clean money anywhere they want to. Also even if they get busted they get to keep their BitCoins ?WHY? because they forgot the password to their wallets and without the password well the government does not get the money. As MrBitCoin shows below – it’s international so we can now take money from USD and convert it to AUD- RUB- BRL- INR and it goes thru non of the traditional channels. Why doesn’t Law enforcement tackle this in your face transfer of wealth – evil global backers- are keeping and eye on all these affairs..

— If you rob a bank you go to jail – a bank robs you they get a raise — this all may be changing the order of things..

MrBitCoin  – https://www.mrbitcoins.com 

  • Fixed Rate
  • AUD (Cash deposit – Westpack and Commonwealth Bank)
  • USD (Major banks, 7-11, Walmart, CVS)
  • RUB (Qiwi and Cyberplat through BitInstant)
  • BRL (Boleto through BitInstant)
  • INR (Cash deposit – HDFC Bank)

Problems: Bitcoins cannot be traced back to the Owner

Since 9/11, counter-terrorist agencies have  tracked the flow of money to identify transactions that match the profile for money laundering or involve the account of a person suspected of terrorism or with links to a terrorist network. Agencies are empowered to instantly freeze such accounts. With BitCOins this cannot be done – the Wallet is encrypted with a password so unless they are legally forced (or tortured ) to give the passwords – these laws will have to change to adapt to the new Digital Currency (DC) and how things work. The global bankers will have to adapt or their industry will die.

The theory is that, by denying terrorist and criminals groups access to their money, authorities can stop them buying munitions and small arms and paying for suicide bombers. This approach has been highly successful in identifying and dismantling terrorist networks. Now they need to adapt and learn how this new DC works because it cannot be stopped.

A few days ago WordPress (bloggin platform) the 3rd largest Web-App in the world accepted Bitcoins the Bitcoin market responded because now as more and more merchants use Bitcoins they cannot stop the flow. People are free to spend their money and the capitalist love it when people spend money – Come on GOLD is nothing but a ROCK – when your hungry Gold do do a thing folks…

Merchant will use Visa, PayPal BitCoins and they will see the lowest transaction fee’s they seen in years PayPal and Visa charge up to 3% but Bitcoins can be as low as .005% that’s a very small chunk of the profits so  business will like that more. You can’t print any more Bitcoins that is controlled by Math and crypto  – So “eveil global banker” your move next – you can’t say only criminals use Digital currencies legit business use it now – So get ready cause here it comes  - gAtO OuT 

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11/17/12

Digital Currency -Trust Thru A Consensus

gAtO ThInKiNg - Why does Digital Currency and/or Bitcoin have trust and how does it get it’s value?

At the peak of tulip mania, in February 1637, some single tulip bulbs sold for more than 10 times the annual income of a skilled craftsman. It is generally considered the first recorded speculative bubble. So we have a flower as a source of VALUE then we got smart and went to GOLD.

Gold is a ROCK so now we based our currency based on GOLD (a  Rock-) and we all know gold is pretty and people want it. To show off how much wealth they have but as we saw when Rome was seized and it’s people could not eat Gold, so a potato or a carrot had way more value to staving people than Gold. A gold based economy is a little different but look at e-gold one of the first DC that failed and it was GOLD backed so how does Gold or a Tulip get it’s value..??

Today we don’t even have a Gold based economy USD- CAN -EUR -GBP -AUD -RUB – CAD – PLN – JPY – CHF – SEK – DKK – NOK – NZD – so why the big deal about BitCoins or any other Digital Currency (DC). Digital currencies like Bitcoin get’s it’s value today from people and merchants using it to trade for products and service. We have lot’s of people using PayPal today and this is a DC of sort but it has so many layers and funds have been frozen with merchants having no recourse to get their money back and we still trust PayPal. Why?

The Record Industry and the Publishing Industry have been declining since the digital revolution. Let’s look at the Record Industry fall there are no more record stores and Amazon has revolutionize the Publishing industry from eBooks to Print Amazon does it all _ I know I published with their help. The reason why these Industries have died is because all they did was try and make laws -DRM -(Digital Right Management) and all kinds of digital copyright laws but the distribution channels that they controlled the Disc Jockeys that payola went thru their nose candy habits. The Internet and the global connectivity killed these guy because they would not adapt the business model to include the digital world and it won….

We don’t need publishers telling us what to read anymore we trust what other people say about it, the unknown community gives it a digital entity that others trust.

Trust Thru A Consensus

Bitcoin and other Digital Currencies have taken the same formula the people have control not some centralize industry – taking a 3% here and 1 1/2% there. Think PayPal, Visa, MasterCard would loose out their 2-3% surcharge compare to the FREE transaction of a Bitcoin.

Yes to get a BitCoin to USD does cost an exchange rate – but we are talking about .02% or lower example 100 BITCOIN I can exchange it and get 99 back – But as the currency becomes popular the rates will come down and we th owners of Bitcoins control it. Merchants that except it control it but no one corporation or government owns BTC. We the people own it, control it.

Today we read “comments” and find that the community not the corporate marketing division control things people giving feedback change products today. – corporations are now looking for “comments” to gauge marketing campaign to change features because the power of the users cannot be controlled that easily “Trust Thru A Consensus  “ is something we control just like the new// Bitcoins // -they will re-make the financial picture and we all know how “global bankers” love change//  new ways of doing business that they have no clue about — things that they don’t understand like math and cryptology.

They know the old rules and they will fight you to keep them but in the end the consumer will win because we are all a consumer society (they built the machine) and we want to spend out money anywhere we want and we have learned that we are better at money then “THE EVIL GLOBAL BANKERS  Bitcoins are not EVIL – People that rob banks go to jail but banks that rob people get a raise- gAtO oUt   

 

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11/16/12

White Hat Bot-Nets

gAtO wAs - reading Bloomberg BusinessWeek “ The Hacker of Damascus” Karin a 31-year-old doctor had spent the previous months protesting against the government of Damascus, he refuse to give up his friends names.

Before the arrest-/ before the torture/- they found a simple vulnerability thru Skypes they also got into his hard drive and as Karin said they arrested his computers data first them him. So now we see the black hats, spammer, cyber criminal tricks against people from their own governments. Is this the way it’s going to happen, we see the news today about 2 ladies and their General boy toys and WOW -mEoW.

In Georgia detains ministry for using malware to access opposition leaders computers – This is just another example of governments using criminal cyber tactics to gain intelligence from it’s own people.

 

The Hacker of Damascus – http://www.businessweek.com/articles/2012-11-15/the-hackers-of-damascus  

Georgia detains Dozen Interior Ministry “Cyber Spies” http://www.brecorder.com/world/europe/91030-georgia-detains-dozen-interior-ministry-cyber-spies.html 

The other side of the cyber struggles in Syria is Anonymous and their role in all this: On the other side, the hacktivist group Anonymous has infiltrated at least 12 Syrian government websites, including that of the Ministry of Defense, and released millions of stolen e-mails.  

Cyberspace and it’s tools (weapons) like Facebook, Twitter – can be used by both sides  in this evolving landscape of digital warriors. That is why gATo is sadden by how basic normal Internet tools can become killers and liberators. I guess I see the fog of cyberwar thru gATO eYe’S we have only seen defensive cyber tools so far Suxnet and others are only the beginning and the new economies that had no choice but a digital path into their infrastructure need to look at their own security a wee bit more close. DId Huawei (China’s Telecom Giant accused of having backdoor ) sell you those Network infrastructure pieces at a very cheap price -(lowest bidder (or a no-bid)contract) -well guess who is watching you…

SCADA cyber controls security SUCKs = infrastructure things (energy/transportation/communication/water/air) = fix them NOW

Since no Cyber Bill has gone before congress -President Obama after a major election went and signed  a-

US secret CYber Law singed by Pres. Obama -Nov 15, 2012

Rather, the directive establishes principles and processes for the use of cyber operations so that cyber tools are integrated with the fully array of national security tools we have at our disposal. It provides a whole-of-government approach consistent with the values that we promote domestically and internationally as we have previously articulated in the International Strategy for Cyberspace.

This directive will establish principles and processes that can enable more effective planning, development, and use of our capabilities. It enables us to be flexible, while also exercising restraint in dealing with the threats we face. It continues to be our policy that we shall undertake the least action necessary to mitigate threats and that we will prioritize network defense and law enforcement as the preferred courses of action. The procedures outlined in this directive are consistent with the U.S. Constitution, including the President’s role as commander in chief, and other applicable law and policies. http://killerapps.foreignpolicy.com/posts/2012/11/14/the_white_houses_secret_cyber_order

So now even 31-year-old doctors need to worry what they do and who they talk to and WHAT they talk about -/ also- in Facebook, Skype or any other web-App-  By the way —>These basic vulnerabilities can be found and exploited in any web-app – So this person may of worked at the water plant – or the electric plant what could these White Hat Bots have obtained?? These little White Hat BotNets may go rouge or may be captured this is about virtual digital world with a click of a mouse I GOT YOU!!! -PWN

Will this become the standard? The good and bad guy’s do it NOW- plant a virus suck up your disk / then check it out – BUT “if you got nothing to hide” well it’s OK then — right - gAtO oUt

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11/16/12

Secure BitCoin Trading Online

Bitcoin users may want to trade bitcoin directly with each other in what is known as an over-the-counter market. This topic is a guide on how to set up your online identity and includes some best practices for trading with others in the Bitcoin community.

Introduction:

Within the Bitcoin community, individuals should be careful with their security and identity, primarily for two reasons:

1. At this time, there is little in the way of law enforcement. No court has dealt directly with a significant theft of bitcoins or determined Bitcoin’s legal status. Bitcoin users are for the most part, on their own.

2. In lieu of legal action and lack of community trust outside the Bitcoin system itself, one’s reputation has become the focus for building trust relationships with others in the community. Traders will take very little risk with new users who have not proven themselves (as one user can easily commit continuous fraud using many different identities.

Credit Cards 2 BTC-Bitcoin – BTC-Bitcoin 2 Credit Cards

The Bitcoin community uses a few tools to help protect privacy, and thus identity. The first and most important is a secure computer.

Before proceeding please make sure you have completed the Securing Your Computer guide; this guide assumes that your computer is secure both physically and in software.

If you are trading within Canada you are encouraged to use Interac e-transfer and Clearcoin (now closed) as outlined on this page.

Creating a secure identity:

The first step is to create a cryptographically secure public-private key-pair. This will be used as the basis of keeping both your wallet (see Securing your wallet) and your identity secure.

Creating your first PGP key-pair

A PGP key-pair serves two very important functions:

1. To sign information with an unforgeable signature

2. To decrypt things that other people encrypt for you

This allows you to both conduct business privately (encryption), and give out promises that you cannot deny making (signature).

Installing GPG

Virtually all GNU/Linux distributions include GPG in their default configurations, but Microsoft Windows users will need to install additional software.

Microsoft Windows:

On Windows, the recommend package that contains GPG is the Git package by the msysgit project. This package contains a collection of Unix tools that are very useful for any Windows installation.

? Navigate to msysgit https://code.google.com/p/msysgit/downloads/list

? Select the latest Git package. (Git-1.7.4-preview20110204.exe)

? When installing Git on the Adjusting your PATH environment screen, select: Run Git and included Unix tools from the Windows Command Prompt

This option will install both Git and its supporting tools that include gpg into the Windows file PATH. This will enable any Windows application to access GPG.
It is possible that some other software on your system has installed GPG before. If you think this may be the case, it is advised to use the search tool or command prompt to find or run GPG respectively.

? After installation, GPG can be used by entering ‘gpg’ into any Windows Command Prompt (cmd).

Setting up OpenPGP email

Once you have GPG installed on your system, it is recommended that you use Thunderbird that works on both Windows and Linux systems:

All:

1. Install Thunderbird: https://www.mozillamessaging.com/en-GB/

2. Setup your email account with Thunderbird.

3. Install the Enigmail plugin for Thunderbird: https://addons.mozilla.org/en-US/thunderbird/addon/enigmail/

Upon loading Enigmail, Thunderbird will ask you to make a new ‘identity,’ follow this wizard and you will have created your identity.
You should backup your private key in a secure place.
Secondary, you should create a revocation certificate and store that in a different secure place (maybe print it out and store it in your fire safe).

Register with

Follow the guide here:

Register the same username at the popular places: bit coin places?

Use a strong and different password for each of these places, keeping your passwords in a secure place. This will allow other people in the community to track you across the different Bitcoin related sites. Also making identity theft online more challenging.

Best Practices with trading

Use Bitcoin-OTC

The Bitcoin OTC acts as a secure ‘Address Book’ within the bitcoin community.

? Always require the user to become registered with #bitcoin-otc.

? Require a signed message from the fingerprint quoted at: http://bitcoin-otc.com/viewgpg.php

? Follow additional recommendations for avoiding fraud.

Using the Web-Of-Trust

One of the key features of the Bitcoin OTC is the Web of Trust, this allows users to ‘rate’ each other. One can have more confidence trading with a user that has many good ratings.

?

Make sure both parties agree to the terms of the trade with signed messages

? Get a PGP signed quote, and check the signature.

? Send a PGP signed receipt.

This allows either party to go public if the trade has become sour and stops your trading partner from claiming the details of the agreement were somehow different.

Search the Bitcoin Forum for the username of the person that you are trading with. Check if the user has provided constructive and useful advice to other parties. And, most importantly, check for any claims that the user has scammed.

 

Use an escrow

 

Trading might benefit from an escrow service such that bitcoins are disbursed only after contract terms have been met.

Additionally, found in Bitcoin’s community are trusted individuals willing to act as independent, third-party escrow brokers.

http://bitcoin-otc.com

Bitcoins at the British Museum – https://bitcointalk.org/index.php?topic=122274.0

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11/15/12

Iran Sites Open 2 Joomla -K-CMS Hacking

Iran Sites Open 2 Joomla -K-CMS Hacking

gAtO wAs – in the kitty box scratching and found some sites in Iran that have the same problem that Syria has. Outdated older Content Management systems like Joomla and KCMS_1.0[2] and many other sites have Microsoft Visual Studio.NET 7.0. These require more research as to vulnerabilities but we are working on that. But gAtO found you guessed it Joomla 1.5 CMS all over the place. The same vulnerabilities that Syria has they have

This is easy to do with any browser do a search on any search engine “site:.gov.ir” and you will get a list of all the .gov.ir sites everywhere. Now remember with a translate button(on your browser) you can read these site in any language you want. The other trick is once you get to any site on your browser just go to >>Edit>>Source Code. and lot’s of sites will tell you the content creation: All sites in any language the HTML is always in english.

<meta name=”generator” content=”Joomla! 1.5 – Open Source Content Management” />

If your smart and are doing this in a government site I would remove this information. Now besides Joomla 1.5 gAtO found lots of sites with KCMS_1.0[2] and you guessed it again they are older versions and have vulnerabilities.  So now gAtO will publish this list and update it as we find more and more vulnerabilities. Why doe gATo do this. It my way of showing the world that anyone can help, anyone with any talent can contribute to making this world a better world. I hope this informtion helps someone to be free- gAtO oUt.

Some site have this warning be careful :This site may harm your computer.

Research Notes:

IRAN site:.gov.ir

http://xforce.iss.net/xforce/xfdb/33437 Apr 4, 2007 – CVE-2007-2106: Directory traversal vulnerability in index.php in Kai Content Management System (K-CMS) 1.x allows remote attackers to ..

K-CMS (Kai Content Management System) could allow a remote attacker to include arbitrary files. A remote attacker could send a specially-crafted URL request to the index.php script using the current_theme parameter to specify a malicious file from a remote system, which could allow the attacker to execute arbitrary code on the vulnerable Web server.

Many of Irans site use ArPortal 7.1.2 while many others us Microsoft Visual Studio.NET 7.0

<meta name=”generator” content=”Expans! 1.5 – Open Source Content Management

[1] security tips for Joomla Websites http://www.itoctopus.com/10-security-tips-for-your-joomla-website

<META NAME=”GENERATOR” CONTENT=”ArianaPortal 7.1.2″>

[2] <meta name=”generator” content=”KCMS 1.0″ />

K-CMS (Kai Content Management System) index.php file include

http://www.sarvabad.gov.ir/

<meta name=”generator” content=”KCMS 1.0” />

http://www.abhar.gov.ir/index.php?limitstart=63

<meta name=”generator” content=“Joomla! 1.5 – Open Source Content Management. Developed By MamboLearn.com” />

http://www.abhar.gov.ir/

<meta name=”generator” content=”Joomla! 1.5 – Open Source Content Management. Developed By MamboLearn.com” />

pishva.gov.ir

<meta name=”generator” content=”Expans! 1.5 – Open Source Content Management

http://www.zanjan.gov.ir/

<meta name=”generator” content=”Joomla! 1.5 – Open Source Content Management. Developed By MamboLearn.com” />

http://chaloos.gov.ir/

<meta name=”generator” content=”Joomla! 1.5 – Open Source Content Management” />

http://mianeh.gov.ir/

<meta name=”generator” content=”Joomla! 1.5 – Open Source Content Management. Developed By Mambolearn.com” />

http://easabt.gov.ir/protocol/

<meta name=”generator” content=”Joomla! 1.5 – Open Source Content Management. Developed By Navid Iranian Co. Ltd” />

Saman Information Structure

http://ea.mim.gov.ir/

http://www.sadra-ntoir.gov.ir/

<meta name=”generator” content=”Joomla! 1.5 – Open Source Content Management” />

http://www.sarvabad.gov.ir

News – ????? ??? ????? ? ????? ???

sabtyazd.gov.ir/index.php?option=com_newsfeeds…id…

This site may harm your computer.

Joomla 1.5.15 Released. The Joomla Project is pleased to announce the immediate availability of Joomla 2.5.0. This is a security release. Version 2.5.0 is is the

www.khodabandeh.gov.ir/ - Translate this page

Copyright © 2009 — Webdesign aus Tirol – All Rights Reserved. Template Demo Joomla 1.5 Template by pc-didi.. Translate By : Meisam Heidarzadeh | hotfa.ir.

www.sabtyazd.gov.ir/index.php?… - Translate this page

This site may harm your computer.

C:\Inetpub\vhosts\sabtyazd.gov.ir\httpdocs\libraries\joomla\session\session. php %PDF-1.5 3 0 obj < > endobj 4 0 obj < > stream x?U?k A ?? ? :? ?Zz s

http://www.leader.ir/langs/en/

http://www.president.ir/en/

http://www.saamad.ir

iten.behdasht.gov.ir – Site News

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