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It can run on it's own, without the need of the internet. :-> The other option might be to copy the original source code from Github, but I prefer to do it that way. < I have done this for years without problems >
You might run into problems, if you move memory sticks between this "offline" computer and one that are connected to the internet, even if it is formated <Google BadUSB>
I even bought a cheap printer to print these paper wallets, for about $10. Why spend $100's of dollars on fancy hardware wallets, if these paper wallets can be used for cold storage. ^smile^
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My best method : Buy a old second hand computer < One that would never see the internet again > Then go to https://www.bitaddress.org/ and save the whole site as a html file on a memory stick. Take that memory stick and copy that file onto the second hand computer. Run the script and generate as much paper wallets as your heart desires. Do not connect that old second hand computer to the internet. Do not use memory sticks to copy information back and forth between that computer and computers connected to the internet. Do not move printers, used to print the paper wallets between these two computers. < The information might still be saved on the printer's buffer or even internal harddrive > Enjoy. ^smile^ |
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You can mine forever, because the miners block rewards will be substituted with fees. < Well in theory, if this experiment goes according to plan > Yes, there is a limited amount of coins, and it will run out, when we are not around anymore. Most of these coins < more or less 16 000 000 have already been mined >
A lot has to happen, for everything to fall in place. If the block reward halves to a point where it is not profitable to mine for that, then we are hoping the transactions would increase enough for the miners fees to fill that gap. ^smile^
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If I remember correctly, when Bustabit was still called MoneyPot, it had a faucet? Why did they remove this feature? I was very active on this site, and the faucet helped to fund the experiment. I might confuse this with some other site, but I can remember something like this?
The few Satoshi's being handed to people via this faucet, cannot bankrupt a site?
Yeah, we used to have a faucet and it was no doubt instrumental in making bustabit take off. However right now, bustabit has 408 players online and AFAIK is currently doing the most volume of any bitcoin site (see: https://thebitcoinstrip.com/leaderboard.html) so I'm not really hurting for business. I think when I did have a faucet, faucters took up a disproportionate (80%? amount of support tickets, normally because they would create a whole ton of accounts to use the faucet, and then need help recovering passwords (and even usernames!) or complaining about getting muted in chat for asking for money, or complaining that they can't withdraw for free etc. So even if the faucter made business sense and would end up making more money, I'd rather have a bit of a less stressful life and leave it out. I also believe a lot of the fun of gambling is risking money. That said, I'm going to re-add the faucet for trial purposes, so someone can come to the site and see how it works before they decide if they want to bother depositing or not. The way I plan on doing that is through a faucet-claim limit per ip address, the ends up permanently blocking that ip address from the faucet. Understandably there are a lot of people who want to purely use a faucet and gamble without any risks, and the great thing about the bitcoin scene is there are whole bunch of reputable sites that offer generous faucets. Ah, thank you for the detailed response. I can now see why you stopped the faucet and given the same situation, I think I would have done the same. I would supplement it with small "money drops" administrated by Mods to incentivize activity and funded by the site owner. You can decide on the budget and then distribute this to people who would be willing to do this. < Just make sure they get a % for their effort, to retain them > If people know that a site have small "money drops", they would stay longer <idle traffic> and possibly gamble more? These drops will also go towards "active" users, not all registered members. ^smile^ |
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Most of the "frowned upon activities" are being funded by Fiat <cash>, so I cannot see why Bitcoin's small involvement with this, is being blown out of proportion. We all know most prostitutes and drug dealers use cash, not Bitcoin. Bitcoin is a payment method and it cannot choose what people will use it for, albeit drugs or hookers. The people using Bitcoin for this are actually very stupid, because these transactions can be traced with the correct software and paper work. < Subpoena > Cash is much more suitable for these "frowned upon activities".  Satoshi made Bitcoin Pseudo anonymous to protect people's financial privacy, not to protect criminals. |
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The fact that you are saying that " it would attract a lot of visitors " would not guarantee massive Advertising income. These Advertising companies has become smart enough to distinguish between poor quality visitors and visitors worth their time and money. The technology < Google Analytics > can now determine where most of your traffic is coming from, and if most of those reports show that the traffic is coming from a poor demographic, then these advertisers would pay much less than usual.
Most faucets are making a lot less profits for instance, because faucet traffic has been classified as low quality traffic by these advertisers. < They want a target market with money to buy their services or products >
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What do you want us to comment on? If the Chinese visit had anything to do with this tranquility or not? I should think that they most definitely had something to do with the massive drop in the price. The Russian government is too unpredictable to base any prediction on their stance towards Bitcoin. The one day, they ban it, and the next week they welcome it.  This thread should be moved to https://bitcointalk.org/index.php?board=57.0 |
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So in the build up to the Trump inauguration, we might see some investors hedging their wealth in commodities. Bitcoin has been very volatile the last few weeks. Do you think these investors will still use Bitcoin as a possible safe-heaven or would they rather turn to traditional safe-heavens like Gold?
Do you think this event would influence investors to move towards Bitcoin or Gold? How much would the final decision from the SEC on their long-proposed bitcoin exchange-traded fund (ETF) hamper the investment in Bitcoin by serious investors?
Give your view on this?
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Would you rather have less freedom and more equal re-distribution of wealth or more freedom and widespread poverty? We will have to sacrifice the one for the other.
This is a false dichotomy. The reality is that where the most freedom is, the average poverty level is lower. For example, the poor in the US are rich when compared to the poor in countries with less freedom, such as the leftist redistributionist countries in South America which are failing because of their policies. Funny how most mega-rich are leftists (Soros, Buffet, Gates, 95% entertainment industry, etc.) who preach redistribution. If they really believed that, they wouldn't be the top of the 1% because their wealth would be redistributed. But they're still at the top. Redistribution schemes hurt only the working middle class to make them more toward the lower class, making them both poorer. They are also the individuals who are giving away most of their wealth. < Bill & Melinda Gates Foundation > The billionaires have given away over $29 billion — more money than anyone in the history of humanity — more than $8 billion of which was dedicated to improving global health. Over 95 percent of Gates’ vast wealth goes to the Foundation, the organization will spend all of it within 20 years after he and Melinda are gone. So there are exceptions to the rule. ^smile^ |
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Should Bitcoin be discussed in Davos?
These people are power-hungry and could care less about you or me. If they became involved, you can be sure it would mean more controls and less freedom.
Would you rather have less freedom and more equal re-distribution of wealth or more freedom and widespread poverty? We will have to sacrifice the one for the other. We already made these sacrifices with regulated exchanges. We adhere to the Kyc/Aml regulations of these exchanges and then sacrifice your anonymity. I hope Bitcoin gets mentioned and then discussed informally between the representatives of these countries and people start to take notice. Bitcoin can make a positive contribution towards the reduction of global poverty. ^hmmmmm^ |
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" Eight men have the same wealth as 3.6 billion of the world's poorest people..... " It is time for the rich people of the world to gather in Davos-Klosters, Switzerland from 17-20 January 2017. The Chinese president Xi Jinping will also attend this meeting. During this meeting < expensive food & leisure accommodation >  a lot of hot topics will be discussed, like the struggling/dying middle class and unbalanced distribution of wealth. I was just wondering if Bitcoin as a possible solution to this problem, should be discussed at these meeting. Bitcoin can solve the problem with the billions of unbanked people and high banking fees and also distribution of wealth via micro tasks/payments. Would this once again, be a platform to make empty promises, where rich people gather to wine and dine at the expense of the poor? https://www.weforum.org/events/world-economic-forum-annual-meeting-2017/programmeShare your views on this matter please. ^smile^ |
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this things are happening all around us and they have been happening every day in this business and the news is also out there if you look for it. but the difference is how FUDsters are going to use the news. when they are accumulating and waiting for the next rise even if the government closes down exchanges in China nobody says a word but when they want to do shake out and get cheap coins someone sneezing in China fills the internet.
those who are wise and experienced enough see past the FUD and do their own thing and make profit.
This is not FUD. The Chinese government did visit these exchanges and they did inspect their business. The media made a huge thing of this, and people panicked for nothing. The facts are there and it did happen, but people over reacted to this news. I will ride this situation in my favor, to buy cheaper coins. ^smile^ |
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If I remember correctly, when Bustabit was still called MoneyPot, it had a faucet? Why did they remove this feature? I was very active on this site, and the faucet helped to fund the experiment. I might confuse this with some other site, but I can remember something like this?
The few Satoshi's being handed to people via this faucet, cannot bankrupt a site?
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You cannot just factor in the electricity price. You have to calculate the infrastructure & the cooling that needs to be installed and also the cost of the Asic's. You also need to pay salaries to people to manage the mining farms, so that needs to be added to. This way, you calculate the total price per Bitcoin, before any profit can be made.
It would be nice, if someone could take all of this into consideration to make a detailed calculations to show how much a actual Bitcoin costs. ^smile^
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People are so paranoid when it comes to anything related to China. The Americans have basically surrounded China with US naval bases, to intimidate them. Do I detect a lit bit of jealousy from the West? China is the new Economic super power, and people cannot handle that. ^smile^ A Communist state with the strongest economy in the world? Wow, they must have done something right. This can be applied to Bitcoin too. A Communist state with the biggest mining farms? How can this be? Easy, Good decision making and vision. The Americans have dumped most of their money into weapons, and they are the Military super power, but at what cost to their economy? The result is HUGE debt and a poor economy. If they invested that money into infrastructure, they would have had cheap electricity to power massive Bitcoin mining farms. ^smile^ 1 x Inter-continental Nuclear missile costs $100 000 000 < How many Asic's can you buy for that? > The total cost for each submarine-based nuclear warhead would be roughly $200 million. Source : http://www.ucsusa.org/publications/ask/2013/nuclear-weapon-cost.html |
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I have vendor account of the top 1 by popularity deepweb market.
It's not easy to get it, you need reputation, or you need to pay couple hundreds.
If you want to earn more from your Bitcoin product pm me, i will list it and we can split digital products sales 50/50, if you ship with the package i would take only 10%.
I will do all the promotion for your product in deepweb.
PS.
People in Deepweb interested in legal products too.
So what happens, if you market my legit products next to someone else's illegal products and the site gets shut down? Will the authorities make a distinction between the person selling legit products and the people selling illegal products? We all know the authorities have compromised exit nodes, so they will infiltrate the Deepweb. ^hmmmmm^ This should be under service announcement, not here in the Bitcoin discussion. |
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To explain this, you have to swap hats with these people. Say you want a digital version of Fiat, would you choose a public technology that is not under your control, or would you develop your own Alt coin with your own token? They want to mess with the supply of these tokens, like they are doing with the supply of cash.
They cannot do that with Bitcoin, so they decided to develop their own token, based on the Blockchain technology. It is as simple as that. ^smile^
Now they can increase the supply, at the push of a button. No more expensive minting and printing of coins and cash.
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"Ok lets rob 50% of people's income via taxes, in order to hire police officers, to protect them from thieves."  "Ok lets steal Satoshi's coins in order to protect it from thieves." I was just wondering, who would protect you, when there is no police? How much of that TAX is going to the police? Where in the world, do people pay 50% of their income on tax? How do you compare the two scenarios? Taking 100% of Satoshi's coins, and doing nothing with that? Nope, I do not agree with you that this is a good comparison. Yes, eliminating Satoshi's coins is a decision that would be made by a dictator, but what if this decision is based on consensus? |
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Holy Mackerel, I want to get in on this action. This bloody game looks awesome! I am a big fan of card based games and this one is going to top them all. ^smile^ Can we buy these tokens at a cheaper rate, before the release of the game or can you only get the bundled cards at a discount? I cannot wait to see this in 3D, the animation looks cool and I hope the combat will be even better. I like the "pink slip" concept, where you play for someone's unit. ^grrrrrrrr^
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To answer your question. Satoshi Nakamoto has the most Bitcoins on this Forum. Estimated 1 Million BTC.
Huge premine. What a scam coin!. LOL Well, this must have been the shittiest premine I have ever seen, because Satoshi has not touched those coins since they have been mined. Is a premine beneficial in any way, if the person doing that are not gaining any financial benefit from that? We might never know, but if he or she touch the coins the resulting panic will trigger a massive dump and those coins will be worthless in a matter of hours. The early adopters will never reveal their holdings as a matter of pride and also security concerns. I think most of them have spend those coins on beer and pizza. ^LoL^ |
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