Put some Bitcoins in a wallet, extract the secret key and write it on a piece of paper (tip: fold the paper to keep the key secret). You now have the ability to make an off-blockchain transaction with that piece of paper.
This is a good example of an off-chain transaction, however once you sell/give that paper to someone else that 2nd person would need to then transfer those coins to an address that they control as the other person (and maybe others) potentially have the private key. A true off-chain transaction would be one that does not force the counterparty to transfer the coins right away. |
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There are a number of low cost tumblers/mixers
inputs.io
blockchain shared send
bitcoin fog
SR 2
This is as close to free as you will get.
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The huge number of scammers and theives. But this could also be said about anything that has to do with money.
The amount of possible consumer protection related products possible with bitcoin are very limited. |
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It is not Facebook, it is apps that use Facebook that accept them.
All I know is that I do not want my BTC anywhere near my facebook account.
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The Vancouver bitcoin economy is very vibrant. It's 1st ATM has gotten many people in that area interested and involved in bitcoin.
I expect the same to happen in other areas that have bitcoin ATMs.
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Perhaps the author made a small mistake and meant to title the thread:
"Changing Bitcoin into PoS(Piece of Shit)"
Perhaps? Otherwise, I don't get the joke.
You really are correct in saying what POS (proof of stake) means. This would lead to decreased privacy as people would have an incentive not to move coins. It would also make it easy to hide a 51% attack as people could easily hide the fact that they have multiple large addresses. |
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He would not need to use old coins to do this. He would just need to use a lot of coins (if inputs or outputs are too small then the TX would not be relayed by nodes nor confirmed by miners). He would have very little incentive to do this as it would lower the value of the valuable coins that he already has. |
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This is the first guy in the gov't to be publicly caught, but you can bet your ass that there are plenty more still flying under the radar...
There was an article, I believe in 2012 that said some guy who was in charge of IT at a middle school was using like 50+ computers to CPU mine bitcoins. This was back when CPU mining was still viable. |
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I'm being payed for the signature rent, I'm holding all the little gain because of the current low value and the huge future potential btc has.
I think the OP is asking about a "day job" type payment, like a salary. I know that blockchain.info's employees get paid in bitcoin. Bitcoin will severely complicate your taxes. My understanding is that when you are paid in bitcoin you should treat it as if you were paid in the fiat equivalent at the time, then when you sell bitcoin (either for fiat or goods/services) you treat any gain/loss from the time you received your BTC as a capital gains (gain or loss). |
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its a good idea. i guess many people would like to donate some btc
Many people are willing to donate their bitcoin, assuming it is for the right cause. Any charity that accepts bitcoin must tailor their cause to bitcoin users. |
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I cannot in any way understand why anyone gives a flying fuck about what that dying dinosaur of a walled garden does. With the way they operate as a company they ought to be completely irrelevant in this world  You have a very unusual definition of dying dinosaur, as Apple is both growing and profitable. Maybe I'm underestimating peoples joy of being sodomized. Android hosts 99% of mobile malware and even flagship android phone buyers are often left out on upgrades. The android upgrade problem is do bad the majority of android devices are out of date. So who is getting fucked more? Apple does a very good job at screening their apps against malware, apps with "hidden" charges and useless apps (one example of this was the app that cost $999 and was basically a bright picture of gold, and literally did nothing). In the process of doing this they also censor things they do not like. It is somewhat of a tradeoff. |
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Most large companies have the ability to run a "keylogger" on any of it's computers at any time. They could simply wait until the user types in their password and have the actual password instead of a hash of a password.
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Yeah I have not used them before bu they gained a loyal customer with this.
When companies like overstock and expedia start accepting bitcoin and the public not only sees how much these companies are doing in bitcoin sales but also the increase in market share they receive more companies will wish to accept bitcoin, do their research and make the plunge. |
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In thinking about the privacy issue with bitcoin, could not a temporary solution be the substitution of freshly minted coins for transactions?
For example, what if I were to send 1btc to Bob, but I wanted the transaction to be private, could I not send 1btc to a cooperating mining pool - let's say slush, and after slush mines its next block, rather then send 1btc from the newly minted block to its miners, it splits up fairly the 1btc I sent to slush, to the miners, and then forwards 1btc clean to the address I intended to pay?
I could pay for the service by including a larger then normal transaction fee which slush would keep in this case.
Why couldn't you simply pay someone to do PPS mining for you? You would still get the "fresh" coins but the link between your sending address and the output is not on the blockchain (it may be elsewhere on the internet). |
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gambling is just for fun. Remember just risk what you can afford to lose, do not put all of the money for your daily expense.
Gambling is a serious problem for some people. It can be an addiction. Anti-gambling laws are meant to prevent people who are addicted from loosing much more then they can afford. |
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I think quoting in XBT would just confuse the public. It is easy for someone with knowledge and understanding of bitcoin to understand what XBT is, but the casual onlooker would likely not know what they are looking at. BTC is a better abbreviation for bitcoin. |
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The folks holding this stash of BTC have a fiduciary responsibility to maintain the value of the assets seized, so they aren't just going to stupidly dump them on the market folks. They will hold an auction or other negotiations to get near the market rate without tanking the market. But I'm skeptical they would dispose of them any time soon. The wheels of justice (and judicial bureaucracy) grind all too slowly.
With seized assets it can be more complicated then that. No one really knows where the price of bitcoin is going to go in the near future. It is often stipulated between the parties (the defendant and the government) if and how assets will be sold. If it cannot be agreed upon then it would usually be in an auction. |
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It would be more correct to say that you are booking a hotel on the moon. They are only accepting bitcoin for hotels (at least at first) and not for flights. Regardless this is very good news for bitcoin and should increase the number of people aware of bitcoin and the number of people that use bitcoin. |
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Wow all these new merchants, it really is like online merchants are interested in BTC. I think everyone has started accepting it since it's come down in price, right? I wonder what would happen if Bitcoin went down to like $100/BTC?
I don't think it is because bitcoin has decreased in price, I think it is because it has become more widely held and users have requested that it be accepted. Many companies will not just start accepting a new payment method without first understanding how it works at a very deep level. |
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as per my comments in the other thread,its great and all but isnt expedia quite abit more expensive ? or is that just airfares they charge a hefty commission on ? Expedia finds the lowest rates on airlines and hotels and sort availability based on price (after sorting by location and value/number of stars). They encourage hotels/airlines to offer lower prices to them. This is great news as it allows bitcoin to be shown in a positive light while letting users have the ability to spend their coins without first converting to fiat. |
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