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A much better, but similar solution would be to use PGP and somehow associate your PGP public key with your bitcoin address.
This would resolve the issue of potentially exposing your private key to anyone while keeping your goal of encrypting messages involving your bitcoin address.
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I agree with OP, Bitcoin and Satoshi are the only reasonable units.
Both units naturally emerged from usage. There is no advantage in propagating other units, they only add confusion.
In addition there is absolutely no problem in expressing amounts below 0.01 BTC efficiently in Satoshi: You can just use the common abbreviation for thousands: 'k'.
So for example 100k Satoshi are 0.001 BTC. Simple and intuitive.
I agree with this. In a way, I feel like you can use mBTC/ bits/whatever if you want. Just stop trying to make it a standard. I want to say 0.00001 BTC. Why is that a problem? We aren't dealing with 5 year olds, any teenager+ knows what a decimal is. Using lots of zeros isn't standard. While you can do it in general it is too error prone and inconvenient. World wide any teenager+ knows what mBTC or uBTC means, even if they don't know what BTC is. That is probably even true in the USA, so maybe it is time to learn the prefixes. How would anyone at all know what mBTC or uBTC means if they don't know what BTC is? That is a baseless assumption and simply untrue. If you were to use decimals then it would be very clear as to exactly how much BTC would be in question. mBTC - 1/1000th of a BTC uBTC - 1/1,000,000 of a BTC Even my 10 year old knows that. She doesn't have any clue or even care what a BTC is right now. She is only interested in money that she can cram in her pocket. Okay you have successfully explained what mBTC and uBTC is, but you have not explained how some random person would know what these measurements mean. The person insterested in bitcoin will get google and will know what does that mean, if someone is not buying or using bitcoin its useless if they know that or not. But this example is of someone who is not interest in bitcoin and just somehow knows that mBTC and uBTC mean with no prior knowledge. |
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These sources are not what I would consider to be credible. If something like this really had happened, or if there was a credible lead on something like this happening, it would likely be all of the MSM Interfax is a reliable source. Anyway, it's confirmed from Psaki side of the ocean. I have never heard of interfax outside of this thread. Do you have any other sources that would back up that Interfax is a reliable source. |
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Who cares? They agreed to facebooks bullshit when they accepted the terms on signup.
Actually, that's not true. I just read through their Terms of Service and absolutely nothing in there says that, "you agree to accept us experimenting on your emotions without informed consent or compensation." At least that's what I'd imagine they'd say to try and catch something like this. AFAIK there is nothing in their TOS that says they will display the same newsfeed to every user. I also believe that their privacy policy says that they will try to tailor your newsfeed and ads displayed to you specifically |
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im athiest, but i have morals to not do anything that will land me in jail
Spoken like a truly uninformed citizen. If you're in the U.S., you have committed a felony merely by existing as an adult. You may not be aware of it, but you have. We all have. American laws are so vague and numerous that it's unbelievable. We are ALL felons...only some of us are convicted. Public ignorance of this fact is what contributes to poor public policy/legislation. Lol, exactly. I have never been in jail for doing something morally wrong. I have been to jail for smoking weed. I really don't understand why so many people are advertising the fact that they have been to jail. This is really not something that people should brag about. |
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is it really worth the try. i'm curious about it and want to try it on freebitco.in. I also found a script online.
Hey, I hope I can give you some advice, as I'm someone who's spent a significant amount of time gambling and working on the best ways to turn profit over the years. First off, there's never a guaranteed method to win every time, unless you've found a way to cheat. Even cheating isn't a guaranteed win if you find a way to do it. For example, card counting in blackjack. You don't actually know when a card is coming up, but you add and subtract based on the cards that have been drawn out of the shoe, and you're waiting for when the numbers go further in one direction, indicating that there is a significantly greater chance of 10's drawn than normal, which increases your odds of pulling a 20 on the flop and also increases the chance that the house will bust, due to the rules outlining hitting (anything under 17) and staying (anything 17 and up). Counting cards is technically not cheating as it is not illegal, nor does it give an advantage that is not available to anyone else. Cheating would be if you were to somehow rig the game so that you know the outcome prior to placing your bet. But I believe you are not allowed to count cards in real-life casinos, and will be "asked" to leave, isn't it? You would be asked to leave if you are caught counting cards, but remember that card counting is done in your head. Even if you are asked to leave you will still not be charged with any crimes for doing this. |
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It's funny how he says he's back to his old lifestyle of eating 2usd nudles while still living in that apartment.
Also he had a good quote in the wsj interview: "In the future, I would like to participate in the bitcoin community, as I've experienced what to do and what not to do and can help others in that regard".
Well, perhaps he owns it and the maintenance costs aren't too high. And given his current status it wouldn't be sane to sell it either. He would not need to disclose his identity as the seller until someone would make an offer that is accepted on the property, and at that point the buyer would likely not want to try anything stupid as they have already invested money in the apartment. |
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US press is by no means free. Look at Fox or CNN: they would show only things which are permitted/approved by the government.
This is not at all true. How do you think Edward Snowden was able to leak all of our NSA secrets? How do you think a number of government whistle-blowers that the Obama administration hates were able to leak their information? |
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It is a free market in which price is controlled by supply/demand. Someone who want to buy even 1 million BTC will drive price to the sky.
I was going to suggest that such a buyer could buy small amounts at a time. But then I realized that in order to accumulate 1M BTC in a reasonable amount of time, he/she would probably end up increasing the daily volume of multiple exchanges by 5-10% or more. That would certainly add a lot of buoyancy to the market. Buying all of the bitcoin outstanding would actually decrease the value of bitcoin for the new owner as part of the reason bitcoin has the value that it has is because it is used for trade, if only one person owns all the bitcoin then it can no longer be used for trade (you can't trade with yourself). It is more interesting to estimate the minimum amount of bitcoins required to effectively control major bitcoin markets (exchanges). There are many big whales out there (according to rpietila and his thread, 70 individuals hold together around 3.6M bitcoins), but they seem to be mostly inactive, so this amount shouldn't be great. It would not take a lot of bitcoin to be able to control the markets/exchanges. Any whale that tries this would be hurting confidence in bitcoin, which would hurt the value of the whale's holdings. |
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I gave it a shot and read thru in just a couple minutes. I didn't realize that I had to waste a whole hour on the questions. I will try and just leave the tab open and see how that goes.
This sounds a lot like a faucet. |
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if it is over $600 and you are a US entity and cannot confirm that the other party is not a US entity then you need to withhold tax at some rate (30% i think?).
that's about it assuming you are not asking them to break any law in carrying out that bounty.
it's no different then paying in cash or any barter transaction
This is not true. Obamacare originally required business to business transactions over $600 to be reported to the IRS, but there was not withholding requirement, only a reporting requirement. This part of the law was later repealed as it was too burdensome, even for liberals. |
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Investment should not be classified as saving.
There is a reason why glass steagall act is there after the great depression. The 2008 meltdown should not be a surprise for scholars of great depression.
Saving is very much investing. When you put cash in the bank, you are "investing" in a savings account, the same is true with a CD. The only difference between these investments and traditional investments (like stocks, bonds and index funds) is that bank deposits have much less risk. |
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If prices go up at a gradual, consistent, pace with few to no downtrends then it would make sense, but no asset price acts this way. you really can´t compare BTC to other existing assets. Maybe BTC will be the first asset to gradually climb to the moon. In my opinion this is actually quite probable because of the scarcity in BTC and things like the block reward halving... Bitcon already has had several downturns and several market crashes. |
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The analysiz by Sergej Glazyev in the original post is mostly correct in my view.
The bank transfers, the credit card systems and all world remittance systems have all been captured by the bullies in the united states government. (That doesn't mean that the russian government are not bullies).
What the russians could and should do, is to establish a network of banks/exhanges in all countries totally disconnected from the current bank system, offering deposit accounts in rubles and renmimbi (and others) combined with market based exchanges for these currencies. For USD, only deposit and withdrawal of notes. Of course they would have to stop meddling with their exchange ratios.
That would take some of the power out of the USA bank hegemony.
Globalization would prevent this from being successful. Since Russia needs to trade with other countries and most trade is denominated in US Dollars, there would be a demand to have US based banking transfers. This is in formation as an alternative to IMF & World Bank which are the backbone of trade domination => http://en.wikipedia.org/wiki/BRICS_Development_BankThe IMF and the world bank only provide funding to smaller, developing countries. |
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yea only BC who know what your IP , or other online wallet where you keep your coins
If you use blockchain.info wallet, then the site will know your IP, but you could still be hidden behind a VPN or proxy. VPN and proxy log can be traced. True, but it is not a easy task for average Joe. And for the people really trying to stay hidden, I don't think they will use blockchain.info wallet. You could simply use the blockchain wallet via tor and hide your IP address even from blockchain.info. The same is true for both software and web wallet services. Regardless for the blockchain.info wallet, all that will show up as the node relaying the transaction when you use the blockchain.info wallet is "blockchain.info" |
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People are describing at least 2 different types of trades here. Trading crypto pairs can be risky because you can end up getting stuck in a worthless coin like XPM.
Trading BTC/fiat pair is only as risky as BTC itself. Your should really lose money except for trading fees, but you might miss out on a run if you're in fiat.
The trouble comes when you are trying to profit both in BTC and in dollars. Making $$ by trading BTC is very easy -- at least it has been historically. Trying to make $$ without losing coins? That takes skill.  Yeah that's called catching knives and guessing the bottom. Most people will fail at it. It does involve some skill to assess risk and look at some trends, but with Bitcoin there is lot more luck involve than trading something than an equity like CSCO or MSFT. The same is true for bitcoin as well. Although over the long run the price of bitcoin has risen sharply, however it has crashed and taken a long time to recover to it's previous peak. |
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All other coins are a scam, stop wasting time and money
Hodl bitcoin
It's shocking to hear idiots think litecoin is diversification, if something happens to bitcoin, litecoin sure as hell will be gone first
I don't think that LTC will be the first alt coins to disappear, but I would certainly say that it is not a good investment. It does not give any real new value that bitcoin does not give. Bitcoin has good infrastructure and network effect. Litecoin developers are sleeping on the wheel and are content with what they have. I do not see any reason why any merchant would even want to accept litecoin for payment given it doesn't have enough infrastructure in place and offer nothing new than bitcoin. The LTC network is nowhere near as secure as the bitcoin network is. If you ignore the fact that four, 2.5 minute confirmations are less secure then one, 10 minute confirmation, the LTC network hashrate is much less then then the bitcoin hashrate, and much less has been invested in by the miners. |
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Persecution and prosecution of journalists in the US over the past few years has gone beyond anything in my lifetime, but Obama's a lame duck. Since they're largely administrative (DoJ, admin lapdog) decisions, it's kind of pointless to talk about it except maybe to bring awareness to it and see what 2016 pres. candidates say.
Not to mention censorship of the NYT. This type of censorship is done at the editor/owner level. It is not done by the hand of the government. I'd guess he was referencing James Risen who works @ NYT, though prosecution was entirely for content in a separate book, I think (not entirely sure on that). Either way, depending on the kind of articles censored, very possible it's a chilling effect and thus the result of government heavy-handedness with journalists & whistleblowers over the past few years. The media has already solved the James Risen problem, as maybe a year or so ago I stumbled across a link on NBC news that directs me to a TOR hidden service webpage that allows someone to submit a tip via TOR and stay anon even to the reporter. I wouldn't say that the Obama administration's assault on the media (wiretapping journalists, forcing them to give up sources, ect.) is so much censorship of the media, as the media will still report newsworthy stories, but is rather intimidation of potential whisleblowers. |
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IMO the blockchain.info web wallet is probably the best as long as you use the proper security procedures. There is an argument to even not have any email associated with your account but instead set it up to backup your encrypted wallet to your dropbox
'Proper security procedures' is impossible for a web wallet. If you're not running the code locally, it isn't secure, period. The encryption/decryption of wallets and private keys, as well as the generation of the private keys are all done on the client side. This essentially makes it impossible for blockchain.info to be able to access your private keys, as well as an attacker who is able to hack blockchain.info's servers |
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Yes, and at equilibrium, the energy spent by the network has exactly the value of the minted coins.
Proof of Work = (literally) Proof of Energy Spent
There is no such thing as "efficient" mining hardware.
I would disagree with your statement about there being no such thing as "efficient" mining hardware. I would define efficient miners as machines that use less electricity per GHs then the network does as a whole. Of course, mining hardware can become more efficient. The point is that does not matter with respect to the total power and/or energy consumption of the Bitcoin network. Look at the math above where I proved this to you. https://bitcointalk.org/index.php?topic=520977.msg7687843#msg7687843Also, if that is too much to read then re-read this until you understand it: Your theory doesn't match the facts. People just keep adding more mining hardware until the electricity consumption is as much as they can stand. The diff rises and they get less BTC than they were getting with the lower efficiency setup. See yet? In theory, you could add a little bit of additional mining capacity (that is very efficient in terms of electric usage) to the network that would increase the difficulty a small amount, but that small amount would make it so a lot of less efficient miners no longer mine enough to earn a profit after electric costs so they are taken offline, and then subsequently replaced with more efficient miners with equal hashpower but with less overall electric consumption. |
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