Bitcoin Forum

I am sad to admit that I have 0  :-\

How Many do you all have?

1. Just spent around 30 though.

None. Please send me some.

Baller! =P

I mined 1.42 with deepbit before I switched to solo mining. Now I'm hoping for my 50 bitcoin payout.

I just spent 50.

another baller

Nah, I worked hard for those, some of them where donations from my GUI, check my sig :D
the others I did programming jobs and stuff.

~30, just spent 3.75.

Enough ;)

I will say that I've got 100 saved away in a tough to access location for a rainy day. Or you know, USD collapse.

-Garrett

approx 320. Most in bitbills ;P

73.51 + whats left on btcguild.com, not much.
I made them all(with pools)..

I can say i am happy with my profit

50

D: damm.

I have only fractions of a bitcoin, right now just trying to save up to 1 full Bitcoin so I can store it away just in case  ::)

50. :)

how do you guys have so many?

We mine, we help the community, we get donations.

Mined half, bought the other half.  Started late last year.

8. Bought from others in the Saturday before the last week.

The price were 8.6 USD/BTC, now it has doubled. I'm glad.

Not enough.

About 583, after spending some on Namecoins. I guess it's a lot to some people but of course I'm greedy so I wish I had more.

Dude! Can I have some!

Seconded. Can I also have yours?

You want my lonely 0.8btc?

165. I'm down to half hashing power though since a card pooped out on me :'(

:( Can I have a couple?

guys how stupid are you??? begging those that have 6 blocks worth of mining to give to you?? wtf?

look at http://bitcoin.sipa.be/ People mining all throughout 2009 all have mined coins worth +100k$ today. If it was one miner taking 90% this guy now has 30M$ and growing in BTC for the investment of a HD6970 and a year of electricity.

0.20008549  :-[

0.91  >:(

What a shame!

See http://forum.bitcoin.org/index.php?topic=8667.0;all
and http://bitcoinreport.blogspot.com/2011/06/bitcoin-top-100-rich-list-3rd-june-2011.html

and don't sweat it.  Congratulate them on their success and foresight, and move on.



Or if you want to beg from someone, say something like
"Hey 'Mr. 1PZjfkLZBT7Q3UFmyEWH8QtuzTMi3MUiBj', can you spare some change? 
Send it on over to 1BZbpx7wHAUcBgzAtH4KeogTmtgUrq5Nkk"


I have been extremely impressed by the generosity of the Bitcoin community.
They are very, very generous.  {/suckup}

I own just over 20 btc. My goal is to reach the 1000 to 10 000 btc level and not sell them in many years.

As I advocated before I suggest to set a goal of saving 2100 Bitcoins and trade the rest.

Given that 2100 BTC is cool 0.01% of all bitcoins there ever be and potentially this will represent 0.01% of bitcoin economy and that there will be not more than 10000 such "lottery tickets" this seems like quite a decent amount.

I want to hang onto mine until the basic unit of exchange in BTC is like 0.001 BTC or less and then use it as my base currency.

Getting more out of my non-dollar so to speak

if everyone saves all the bitcoins they get then all the market will drop and bitcoins will worth like 1 dollar or even less, so what really makes the bitcoin market increase the btc value is the trades ...

And if everyone saves all gold it will fall to 1$ or even less.

Bitcoin have properties which makes it good both as currency AND as store of value. Unlike anything else known to mankind.

the value of goods traded doesn't depend on the quantity of coins. Do you think if finding blocks were 500 instead of 50 that there would be 10x the commerce going on?

0, pathetic.

Well, gold has much better properties as a currency, I cannot double spend it, even if I have 51% of all the mining power, and it's more widely accepted, for now.

Also over 9000

i didnt say quantity of bitcoins but of trades made in the market ...

Can you teleport gold?
Can you hide it so that a guy with a metal detector cannot find it?

Of course you can double spend it.

Take one bar.  Cut it in half.  Mix it with lead.  Make two bars.  Or whatever, ask a metallurgist.

The point is, I need to verify gold that you might give me.  I need to verify Bitcoins that you might give me.  Note as well that even with 51% of the hashing power, you still can't double spend forever.  One chain has to be the true one in the end.  All you can do is fool me for a while, just like with gold.

Being more widely accepted is purely a matter of history and chance.  Who knows what will happen to Bitcoin's acceptance?  Let's look again when Bitcoin trading is as old as gold trading is now to decide that one.

No, I can pay with pecunix et al. though.

You mean bitcoin is easily transportable ? Through borders for example ?

Yes, fair enough.

But you seem to fail to realize that the first desirable property of a currency is acceptance.

And *currently* gold is much better than bitcoin in that respect.


You're describing making fake gold, not double spending gold. Bitcoin is much better than gold for forgery protection.

Yes you can.

There is no such thing as the absolute "true chain", it's all relative to a point in time, owning the network enables you to switch which chain is regarder as the "true one" at will. All first spends in double spends will reside in orphan blocks. No limit here.

Theoretically there is absolutely no way for you to even be aware that the network is dominated by someone with >51% of the network.


Yes


I'm not saying that gold is a better currency than bitcoin. I'm simply arguing that on this shitty and rainy 7th of June 2011, gold has much better currency properties than bitcoin. And of course I humbly admit that I haven't got a fucking clue about whether this is going to be a revolution or a failure.

davout, I am not arguing that gold is useless, it has quite a few things going for it... so is bitcoin and yet bitcoin is new and not proven and it's price does reflect those risks.

I suppose that we will just have to agree to agree here  ;D

you guys have so many its un believable  :-X

I haven't seen anyone post a sizable amount yet! Well... maybe "over 9000" is a decent amount.

None.

I don't actually own over 9000 ;)

At some point I did but not anymore

500 or so. 

I posted the link to show that the top 100 people are listed as having between 6700 and 297,000
http://bitcoinreport.blogspot.com/2011/06/bitcoin-top-100-rich-list-3rd-june-2011.html

Reading this makes me really upset that I sold 112 (all) of my BTC a couple months ago for only $118...

I've only been able to scrounge 10 or so BTC since then via mining... kinda depressing the more I think about it :-[

Don't feel bad, I sold 5K for 1500€

Don't worry, I'm sure it's being used for a good cause hookers and blow.

ouch.


heh

I don't feel bad about it, it was the price at that moment.

I'm describing the analogous situations between gold and bitcoins.  Diluting gold and spending it is analogous to a double spend in Bitcoin.


No you can't.  Only one chain can be true at any one time.  Therefore one of your two transactions in a double spend will be discovered to be invalid.  You will be caught as a double spender; of course you might well have gotten away with the goods by then.  Just as if you pass diluted gold you would be caught eventually.


Exactly, which means they aren't spent any more.  In the end a double spend will turn into a single spend.  Even someone with 51% of the hash power has to pick one chain or another as "true".



Unless of course they are abusing that privilege to make loads of orphan chains while they double spend, in which case the remaining 49% will see it.  If they aren't doing that, then no one will care as they are an honest miner.


Depends what properties you want.  I've never had the urge to hold gold, but I do hold bitcoins.

The only one you've mentioned that falls in gold's favour is that has some history to it.  We might perhaps add that the current price volatility makes day-to-day use a little, shall we say, "nervewracking".  Other than that, as far as I can tell, Bitcoin wins on every point.

That's a pretty personal question. That's like asking how much money do you have saved away in a bank?

It is not. If you make a coin that is 50% gold and 50% lead and you try to deceive people into thinking it is 100% gold that is forgery, not double spending.
If you spend this fraudulent coin once the coin is then not in your physical possession anymore, therefore you cannot spend the same coin it a second time.

Double spending = making a valid spend, waiting to collect its benefits, invalidating the first spend by making a double spend.
Wait a bit, repeat. You can double spend for ever since you can have as much identities as you want.

Of course, thats pretty obvious, it doesn't change the fact that at that point you will have spent the *same* coins twice (spend = give coins in exchange for a valuable benefit).

Yes, unless you do it smartly and combine that with isolating nodes. We do agree that it's very unlikely/impractical.

You fail to see the obvious "acceptance" point, bitcoin has the potential to be much better than gold as a currency, but as of today you're much more likely to get gold accepted as a payment in exchange for whatever good/service you randomly pick on the surface of the earth, if you fail to see this simple truth you're deluding yourself.

I might be able to buy some beers. Any pubs accepting Bitcoins yet? :)

You do know what an analogy is, right?  You are being obstinately literal minded.  Forgery is the meat space analog to bitcoin's double spend.

"To be, or not to be, that is the question:
Whether 'tis nobler in the mind to suffer
The slings and arrows of outrageous fortune,
Or to take arms against a sea of troubles,"

"Woah there a minute Shakespere, the sea doesn't have arms.  And you can't have a sea of trouble, the sea is made of water you dolt.  As for fortune being made of slings and arrows; well you've gone mad haven't you?  Everyone knows that fortune is an intangible concept and therefore couldn't fight you with corporeal weaponry."


I know what a double spend is.  I'm saying that eventually one of the two parties knows that you did it; how could they not?  Only one chain can be valid at any one time.  You cannot double spend without (eventual) detection.


Why don't we just let this one go.  We're obviously talking at cross purposes.  When I said "you can't double spend forever", I was unclear.  I should have said "the same coins can't remain double spent forever".


Acceptance and history are the same thing it is only history that makes gold accepted; so I didn't miss the point, I accepted it.  I specifically said that that was the only property that gold had that Bitcoin didn't.

Well, to me you're making an analogy between the taste of salt and the sound of the ocean. That doesn't really make sense does it?
Anyway, my point is that sometimes you can't compare stuff and you just have to accept that you're in front of something unknown and intriguing :)

I have white hair and a balalaïka, your argument is invalid.
I like the shakespeare sample :)


Yeah, not arguing that


Hahaha I was right you were wrong, I proved it to the world, I'm so much happier now than I was before!
Well actually, I don't really remember where this started from :)

I don't usually read english litterature, but I *do* have some shakespeare in english, guess I should read that instead if arguing with the rest of humanity on an internet forum :D

where all the new millionaires at?  ::)

There are only a few bitcoin millionaires around here, next year I'm sure a lot of us will be.

not enough

22

I'm not sure there exists even one millionaire - in any case there can't be more than 6 currently.

Oh wait - you're thinking in terms of this other money that inflated nearly 100000% in the last few months? Not hard to be a millionaire in such a currency is it?

 ;D

millionaires in USD

37 cents in my bank account, but 43 bitcoins in my wallet.

You are going to be the next wealthy elite!

Dry handjobs, and malt liquor for EVERYONE!

Not as many as I'd like, but probably more than I will ever have again.

None yet.  :-[

I just found out about Bitcoin a few days ago. Obviously I'm late to the party... my gpu is useless for mining.

And it seems very hard to buy Bitcoins in Canada.

Relative to the people before you.

But very early relative to the millions of people who may join the party after you.

I have about 20. Kind of regretting all those I squandered. I figured the price would stay about the same for a long time. The most I ever spent on something was 60. I was scammed out of 12.

Well said. I was told that mining was dead and over with when my video card was in the mail.

mining is dead compared to investing. it only serves to raise the prices and we already have plenty of miners who will do that for us anyways. Let the fight for the shrinking pie.

Mining is not dead compared to investing. You keep buying bitcoins at $30 a pop. I'll keep making them at $2 a piece.

Anyone with an abundance of coins will be smart enough not to post how many they have on a public forum for all the tax agencies in the world to read.

I bought 18 from bitcoins2cash at 9.50 last week.  ;D  I also accept them at my website (see my sig) but so far, no hits. Might have something to do with the lack of content updates in the past 3 months...

Search engines might get reallllly good in the future. You're an idiot to say how many BTC you have, especially if they inflate 100x or more. Google caches everything, as do other crawlers.

Why are we idiots?

I suppose if you claimed to have 10k BTC, you might be a target. All it might take is some social engineering, exploit, or actual physical access. I know some digital gangsters who'd rob a guy for 10k BTC.

Yeah, but they have no idea whether your lying or not. And I know, Im a penetration tester haha.

Sweet, good line of work.

This is relevant to my interests. Bump.

Oh, and I have around 9.

No one bigger wants to share, but why would they :) Except one guy who can buy a used BMW it's mostly lunch money. I thought Vladimir had at least 200k by the way others refer to him in posts I read.


I have  a short question though..  when did the switch between CPU and GPU happen?

just over 7, i had 30, lost 23 with the MtGox hack.

What do you mean lost? Mt gox is back up. Did you have a weak password? Was your account actually accessed?

BTW, My assets are about 1:1, at least as far as value is concerned. In actual numbers I guess it is $15:1BTC.

Lost as in, somebody logged in to my account, transfered BTC to his some account (known to have been used in other hacks, including the allinvain 'hack'), never came back.
My password was  pretty decent i think, but there were other ways to get access to accounts. MtGox keeps telling me it's my own fault. But i'm not done yet, although i'm not sure if there's much more i can do.

Only speculations brotha.
Around 30 BTC over here now.

17.5 - only been playing with bitcoin a few weeks.  Hindsight and all that.

I got a bit over 20, most of it for translating the Bitcoin article on Wikipedia to Portuguese, a smaller chunk i won in a free lottery (funny, i never won anything in lotteries i paid to play), around 1 from mining, and a few cents from random strangers (random as in unknown; for all i know they could have been standing in line) and one or two small non-anonymous donations; i think i've paid back everything i got from the Faucet, not 100% sure though.

Was that after or before you claimed to have 0.00 in the 'giveaway' thread? :) If that's all from donations since yesterday, holy shit!

Sadly, No. haha

I haven't made any money from my contest threads. (Lost money, actually)

And in terms of donations, I received 1 very nice donation of 0.1 BTC from a user on the forums. Not sure if he wants his name released, though.

In the past 24 hours I've bought some BTC off of Reddit.

wouldnt be surprised if hackers/scammers are keeping an eye on this 'hi im rich plzz rob me' thread lol

Contrary to popular belief, hackers aren't omnipotent demigods capable of obtaining your wallet.dat file simply by casting their 'DO WANT' spells on you.

you are quite right..but what if this thread started 2 weeks ago..and i had the same username for my mtgox account..and a password such as: puppyface...

that, then what if some new guy justs gets hold of lets say, a 1000btcs and comes here and talks about it..and again hes stupid enough to use weak passwords..all im saying is that its best not to attract undue attention :)

Confused much  ???

Yours: http://forum.bitcoin.org/index.php?topic=22126.msg283048#msg283048

Mine: http://forum.bitcoin.org/index.php?topic=22126.msg286591#msg286591

I have a couple of coins: some from mining, some donations for services, a bit more from luck at the poker tables, oh and dividends from SIN.
I love telling my deeply Christian family that I receive the dividends of SIN.

Oh wow. I totally forgot about that 0.02 BTC tip. Not because I didn't appreciate it but because a little while before receiving it I had just bought some BTC privately from someone on Reddit. I thought he was just being a pal and giving me a little more for buying over market price. Didn't realize it was a donation from the forum.  :-X

Anyways, thanks a bunch Alex. Sorry I overlooked that!