I have loads of paper wallets all over the place, with small amounts stashed in them. I might suggest some Paper wallet tracker, that would keep a total of all your combined coins. < A offline version for more privacy would also be useful, like Bitaddress.org >
This could also be helpful with people doing Bitcoin Air drops. They could see a instant summary of all paper wallets created to determine which paper wallets were used and funds transferred, and at a pre-defined time, they could claim all the unused paper wallets, to re-use it again. < Explanation = You create 1000 paper wallets and start to distribute them, with the requirement that the bitcoins on these paper wallets should be moved within 3 months from the event. If it was not moved, the funds within these paper wallets would be re-claimed and used for the next Air drop >
With this App, you could monitor all 1000 paper wallets in one go. ^smile^
correct me if i am wrong but that App is called a simple bitcoin wallet with the ability to import private keys  and as for spending the safe way of doing it is to spend each of those coins by creating the transaction with the lock_time=(60*24*6 + currentBlockHeight) and signing it with the private key, destroy the pk and keep the hash to broadcast in 3 months. if you are really doing this yourself i can make you a simple code to make these transactions (you should sign with a real wallet though) and as for pushing it can also be done with a simple function to push all of them at once after the 3 months. We want a nice GUI that are very user-friendly, not a wallet service which is not specifically developed for that. My thinking would be that if a easy App specifically developed for this was created, we would see more Air drops being done to promote Bitcoin. You could even add other Alt coins to increase your target market. My suggestion for a name = CoinDrop ^smile^ |
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I see a lot of people here are saying that the Algorithm can be upgraded to solve the increase in the processing threat of the introduction of Quantum computers. Has any experiments been done on the Test Net, to see what the impact of such a upgrade would be?
What would be the next possible upgrade? < SHA-384, SHA-512/224 and SHA-512/256 > ? Would this not slow down the network and transactions considerably?
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I am just glad that we are seeing a shift in thinking lately, regarding anonymity and pseudo anonymity. People who takes the time to do some proper research, do not tie Bitcoins to all the < Dark > things out there now, and actually see that there are other anonymous coins out there, that are better suited to these criminal practices under the blanket of full anonymity. < Well they seem to think it is > Coins like Monero & Dash etc.
There are hope for these journalists after all. ^smile^
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I am going to throw a Spanner into the works now, by saying some developers with commit access have some control over the changes that will or will not be made to the protocol. You still have the choice to go on your own, but if your proposal do not pass the Core team's approval, it will not be considered. Do you agree? ^hmmmm^ This is causing some friction between developers who are not part of the Core team, and the developers on the outside, who wants to contribute, but blocked from the inside. As I said, you are still welcome to do your own thing, and not to include your proposal into the Bitcoin protocol. ^?  ?^ |
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Fine for me too. ^smile^ Sometimes these people come under Ddos attacks or they just forget to pay their hosting fees and then they go down for a few hours. < Not just this site, some others too > Life happens some times, so these things slip in. This thread can be closed now, because two people already verified that it's online again. I will send them a PM, if I have time, to respond to this question. Edit : Yes, just confirmed that they are under Ddos attacks : https://bitcointalk.org/index.php?topic=750760.1780 |
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I would not want him to dump or burn all coins at once, but that he gives this to a foundation like the Bill Gates foundation that manage this money for him, to give this to charity or Bitcoin startups. He can still stay anonymous and only communicate with this foundation via encrypted emails.
He or she will not have to pay any taxes on this money, because he OR she received no capital gain or profit from it. Dumping all coins at once, will create chaos and might tank the price of Bitcoin.
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I would just make a small suggestion, before you take any of these advice. Create a "test" paper wallet with a small amount, and then try to sweep it to a online or mobile wallet, to see if it is successful and that you are doing it correctly, before you sweep wallets with larger amounts. There have been some people complaining about losing coins, when they have tried it. < Not because the process is wrong, but rather because of human error >
Once you scanned the QR code for the private key, and you copy & pasted the key, also make sure that it is your private key or the correct recipients Bitcoin address. < Some malicious code, has been known to inject their address from memory. >
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It wouldn't make a jot of difference. No customer is incentivised to use it. It costs money to procure, it's unsafe to store for most and refunds would be a pain up the arse.
The only way it might cause a blip would be heavy discounts and their margins must be too small on most things. Great for existing users. The rest of the world still won't care all that much.
As for the sell pressure thing, bitpay said most of the coins they handle go straight to otc buyers and stay there.
It is for this reason, why I said Bitcoin should be accepted directly without any 3rd party payment processor being involved. There is still no guarantee that the merchant will not convert it back to fiat, but the added bonus for us would be the increase in adoption and the mass exposure. The benefit for them, would be the reduced fees over other payment methods and opening up a new income source. We should not be blinded by the fiat conversion, but rather the mainstream exposure we would receive from this. It also gives customers the added alternative, when they experience problems with legacy payment options. Let's say your credit card gets blocked, you then still have the option to use Bitcoin. The merchant will be happy, because the tx could still be done, even though the customer had problems with his other payment options. |
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There are nothing wrong with the protection of your wealth in uncertain economic times, but too much hoarding will also slow down adoption and growth. If nobody is selling any coins and/or using them, the merchants will stop accepting it as a payment method. There needs to be a fine balance between the bitcoins being used and the bitcoins being hoarded.
I try to hoard about 80% of my coins, but still use about 20% to stimulate the Bitcoin economy. ^smile^
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I have loads of paper wallets all over the place, with small amounts stashed in them. I might suggest some Paper wallet tracker, that would keep a total of all your combined coins. < A offline version for more privacy would also be useful, like Bitaddress.org >
This could also be helpful with people doing Bitcoin Air drops. They could see a instant summary of all paper wallets created to determine which paper wallets were used and funds transferred, and at a pre-defined time, they could claim all the unused paper wallets, to re-use it again. < Explanation = You create 1000 paper wallets and start to distribute them, with the requirement that the bitcoins on these paper wallets should be moved within 3 months from the event. If it was not moved, the funds within these paper wallets would be re-claimed and used for the next Air drop >
With this App, you could monitor all 1000 paper wallets in one go. ^smile^
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The most common mistake of a amatuer bitcoin seller is that they don't know about escrows or anything and they believe anyone easily without thinking about the risk involved with it that is the reason they mostly get scammed because only a few people don't scam people without escrow.
I thought of a scenario when I was taking my dinner earlier - What if the seller and the escrow are the same person (but login using 2 different accounts)? or What if the buyer and the escrow are the same person (but login using 2 different accounts)? It is possible, but what reputation will this Escrow have in the community, if he or she scams people? The only way this will work is if this person are busy with a long Con, where they build trust and wait for the whale, and then jump with the mother load. Most of these people would make enough money from the Escrow service, if they have build enough trust for them not to have to scam people. ^smile^ |
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I don't know the exactly number but I know that China on the first place by number of people that use bitcoins, India is second and the USA third. But I was reading that India will go on the first place soon about this number of users. Bitcoin is getting more and more popular there and cause of population as well.
I don't buy china as the place with the most users. The most mining and trading takes place but other than that they have no use for it there. I'm sure it's up there but the US must have the most actual users when you take commerce and the quantity of services there. If you look at the concentration of the nodes, it does indicate that North America have the highest amount of Bitcoin nodes, so if you extrapolate a ratio of nodes:users I would have to agree with you. The cheap internet and the availability of the infrastructure just make USA more conducive for Bitcoin adoption and use. I think Japan would soon over take China as the Bitcoin hub of the East. ^hmmmm^ |
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One of the bigger eCommerce sites starts to accept Bitcoin directly? Let's take Amazon as a example : According to Amazon, there are now over 2 million sellers worldwide, which account for over 40% of the total units sold on Amazon. {Jan 5, 2015} < I know Bitcoiners can buy from them via Purse.io, but for this debate, we want to know what the impact on the price would be, if they can buy directly with Bitcoin > Amazon accepts Bitcoin directly ==> Price will go up to $1500 ? In the second quarter of 2016, eBay reached 164 million active users. Most of these stats are a bit sketchy, but for this argument, let's just say it is true. < http://expandedramblings.com/index.php/ebay-stats/ > eBay accepts Bitcoin directly ==> Price will go up with another $1000 ? Bitcoin could easily go up to $10 000 per Bitcoin if most of these eCommerce sites starts accepting it directly. What is your estimate on the impact of mainstream eCommerce Bitcoin acceptance? |
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Gavin believes a lot of things.
He believed a con-man was satoshi.
He believed that Mike Hearn was a trustworthy contributor.
And now he believes some garbage about Ethereum.
I'll give him A's for being consistent, at least.... what a joke.
I think, he might have sold his Bitcoin and invested in Ethereum and if he can hype Ethereum enough, he might make some good profits. The thing is, only a small percentage of people still acknowledge his credibility and integrity. Like Mike Hearn, he jumps from the one thing to the next, hoping to survive. When Eth is hyped up enough, he will dump his coins and invest in something else and then hype that up. Rinse and repeat. ^hmmmmm^ |
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It is not supported by gold or something else.
What is supported by gold? If you still think fiat currencies are supported by gold, you will be disappointing. Have a look at this article, and then come back here and give us a example of anything that are backed by gold. http://www.businessinsider.com/are-there-any-currencies-backed-by-gold-2012-3Only the Goldbugs still believe that gold is the ultimate investment option, the rest of us know that this can be taken away by the press of a button. How many of them have even seen their part of their investment? |
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Hello,
This is a Pre-ann in regards to a new project I will be launching soon.
I am working on setting things up behind the scenes while sharing my thoughts on a project I have been working on for a bit.
I believe it is need for a paradigm shift in how journalism within crypto-sphere works. A good number of units are run as for profit entities running advertisements for any project and thereby fuelling even the growth of scammers. As with any industry, it is important that a well researched and adapt unit is developed to distribute news regarding the eco-system. As it stands right now- cointelegraph and coin-desk are the leading players in the industry. Add to this the countless tiny publications that have writers of little repute working with them. I believe the centralization of how news is dispersed within the ecosystem can be a bane for the industry and a platform is needed for the voice of the average individual to reach the masses. As it stands right now a lot of brilliant, well researched publications can often be seen in the forum here. Announcements regarding new projects, potential scams, trading tips and countless amount of drama gets wrapped beneath forum posts here. In order for the mainstream media to see the depth of the ecosystem, I believe a new news agency should be established.
What do I propose ?
-A news outlet
-Fuelled by chatbots delivering news on mediums such as facebook, telegram
-Content curated from the best within the forum and researched / edited by experts within the community
-A consuting unit for mainstream media outlets to get diverse views and opinions on what is going on withn the industry
-Relatively decentralized sourcing of news - with individual being able to vote upon what is considered to be news and what is pointless banter
Additional features
-Using webhooks, the bot can be further used for transactions
-Adding this to a platform like facebook permits incentivizing users as and when needed.
-Ability to subscribe to certain kinds of news (ICO's, altcoins, investments into start-ups etc)
I am open to opinions. I have not yet named the project. I am still on the look out for a number of collaborators for the project.
Do share what you think about this.
I think your idea is good. Agree with the other poster who quoted you "Relatively decentralized sourcing of news*edit*". I do read the news published by the 2 sites you mentioned. I also read Reddit, but do not read much about BTC there. If you presented news, markets, different sectors, opinions, etc..........I'd be interested in reading a different view of the news pertaining to BTC. Be prepared to invest time and money. Get great writers, who actually have passion for writing about BTC, not just a mill shop. Report REAL news not sponsored  Also, don't start a site with all spammy advertisements. I hate those, they tend to be less credible than those who do not (yahoo/aol news are both sites I haven't visited in years). For the comments about like reddit, etc. You could have a forum to discuss the topics posted/comment on news reports. Just have a thick skin and open mind as there are various opinions. Also keep in mind, some people just want to read and don't want/care to participate. Good luck I hope this will come to fruition. Good sites take time to develop. You are not getting his proposal, he wants to concentrate on Republication & Aggregation of content already created. He wants to engineer a bot to distribute the best content on popular platforms to increase their exposure. We are doing this manually now, by browsing the web and then posting the latest news in the press section of this forum. He wants to collect that information and then distribute that to multiple platforms by automating the process. ^smile^ |
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My suggestion would be for you to remove the last option as your income source. Why? Because I have seen too many people being successful in their business, but ending up being addicted to gambling and then pissing it away on that. Set some goals for you to aim at, for example to be debt free within the next 3 years or to buy that car or house you always wanted, and then save up for that. Gambling is a bad idea. ^hmmmmm^
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The most important reason why a business should consider using Bitcoin, must be that it would open a new income source for sales. You should follow the trends, and the latest trend is Bitcoin. If you have two businesses next to each other and both accept traditional legacy payment methods, but the one also accepts Bitcoin, who would be the business that has the edge over the other one? Obviously the one accepting Bitcoin.
If a Bitcoin customer visit the two companies, and he has to chose which company he will support, which will it be? The one not supporting Bitcoin, or the one that does?
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If say about 10 000 000 people out of the estimated 7.8 billion people of the world are using it, it will not be seen as the new era of currencies. On the other side, Bitcoin has only been in circulation for about 7 years, or even less. We still have a long way to go, but because it is digital and fast, it would spread a lot quicker than fiat currencies. ^smile^
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In the times before Bitcoin, there was a challenge to create an immutable currency that could be used in a trust less environment within a decentralized network. < The mountain will be climbed, because it was there > Satoshi Nakamoto then solved this puzzle < The Byzantine Generals Problem >, by putting different concepts together and in doing so, came up with a technology that solved several other problems.
The genius behind this, is mind boggling! ^smile^
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