Good fkn god. Can anyone, I mean anyone, who is a buy-and-hodl person buy a SINGLE bitcoin in the year 2014 and NOT be in the red the following week/month?
Money of the future? Jesus fk. No wonder people are now leaving the bitcoin community and not coming back.
I bought in 2013 and I in the green like damn green. Wait for 2015 if you bought in 2014. Is one year like impossible for you guys to wait ? I bought 7 bitcoins on June 9th, 2011 for $30.49, almost the very top of that bubble. I was in the RED about an hour after I bought them until February 23rd, 2013. And I still have those bitcoins. That's why I still feel like a very early adopter because I started buying in february 2013 and feel like I was able to do exactly the same thing as you. I'm very glad I did not buy at 27 in 2011 but at 27 in 2013 (February 17th). Good that you held them though. Thanks to people like you the system is still running imho. |
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When someone runs bitcoin-qt in his personal machine connected to the internet with default configuration, is not he running a full node ?
Not unless he also opens Port 8333 on his firewall. Actually you are... you have the same amount of data as a business does, its that only ~ 8 people can access it . Now to get more people to run full nodes, do like darkcoin does.. their supernoods get a % of each block that is found.. The more connections you have to your node the more of the btc fees you get. Icon You can only have 8 outgoing connections which means you are connecting to others and not others connecting to you which is pretty much useless. By portforwarding 8333, you allow others to connect to you and therefore you are running a full node. That would pretty much render all ASIC miners and mining operation useless if you allow nodes to get transaction fees instead of miners. Is there any security risk associated if I open Port 8333 on my firewall ? Strictly spoken yes, any port open increases risks. But if you keep your software updated the risk are minimal. If the only port open is 8333, and it is pointed to bitcoind which is always the latest version, then the risk is close to zero. |
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What is the cost of running a full node? on VPS?
I have mine with We Love Servers. 60GB SSD (for now rapidly expanding blockchain size) -- price: $2/month. And I can pay in bitcoin. I could miss $2 a month to support the network. But to me it looks like centralization of bitcoin nodes. Do those nodes share the same ip address? Of so, what's the benefit of running them? Wouldn't it be better for the network if the nodes are geographically spread around the world, all using different hardware and ip addresses? Or are vps' considered "better than nothing"? In other words, what's better? A low end home server running a node or a shared centralized node on high end hardware? |
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Are newbies vital for Bitcoin Price Index rise?
No, scarcity is an big influential factor for the bitcoin price index. Bitcoins are produced during the mining process. The reward is 25 bitcoins per block (approximately every ten minutes) until mid 2016, and then afterwards 12.5 bitcoins per block for 4 years until next halving. This halving continues until 2110-2140 when 21 million bitcoins have been issued. Other influential factors are investors and panic buyers/sellers. Price is set by demand, almost nothing else. Demand from miners, newbies and first adopters. Without demand, no price |
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If we have thousands of rich newbies willing to buy the coin at any price, then the answer is yes.
And since most rich people are not rich by luck, they are probably already aboard. Without poor no rich. |
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I mean where even some of the earlier adopters start to question if bitcoin will survive.
Well it's really difficult to lose hope 5 times in a row and proved to be wrong about bitcoins death. I only had 2 bubbles and was lured into selling at previous crashes. Now I just buy,.. and hodl. |
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Don't panic people, it's basically just one big fat inverted head and shoulders.  1K9vcx2wAiS6gDeNZcjKfqJtZ7anYJWZe5 |
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this is the end.
all hope is lost.
fuck!
380 before end of Monday guaranteed. So if I understand correctly you pay the difference when I buy some coins now and they happen to be <340 at monday? |
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I am considering to add " (and of this forum's future)" at the end of my signature...
You should consider to replace everything with "gone from this forum because I was wrong".  |
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How can they prove that? I know they can somehow prove that they have money at some point. But that's still not very convincing.
I think multisig could solve that problem. Both you and the exchange need the keys to move the coins. You could also use three or more keys. |
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Hi all,
i forgot my keys and on my Blockchain account i see my address (Watch Only) , from where i will get keys and make address not (Watch Only) , because when i try to send btc it ask me keys and me don't have it , please help me with good idea so i can send money , thank you .
If you have the "wallet.aes.json" file there is a good chance to recover the bitcoins. Do you have this file? If so, I have succesfully bruteforced these wallets. How much was in it? |
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I'm getting this error when I try to open Bitcoin-QT. Last time I've tried to set up Armory but electricity was cut. Error opening block database. Do you want to rebuild the block database now? I've download all blocks nearly 2 months. So please suggest me a solution or I'll throw this computer out to the window. If it's broken, you can use bootstrap to speed up the download process. You could also try to use another wallet if you are not mining. multibit is recommended, even at bitcoin.org. |
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FYI, the tool is called vanitygen. findftp@mint16 ~/Downloads/vanitygen-master $ ./vanitygen 1abcdefg
Difficulty: 51529903411245
[195.63 Kkey/s][total 16791552][Prob 0.0%][50% in 5.8y] findftp@mint16 ~/Downloads/vanitygen-master $ ./vanitygen 1abcdef
Difficulty: 888446610538
[221.12 Kkey/s][total 1468160][Prob 0.0%][50% in 32.2d] So just a "simple" prefix takes a long time on a intel xeon w3505 edit: must say I run this linux on software vmware. Thanks, findftp! I'll play around with that vanitygen. Seems a great tool, cheers!  FYI, if I do the same abcdefg case insensitive, it goes much faster because then 1Abcdefg and 1ABcdefg and 1aBcdefg ... etc is also valid. I don't really know about the math behind it. It'll probably be a smaller base number to calculate with. findftp@mint16 ~/Downloads/vanitygen-master $ ./vanitygen -i 1abcdefg
Difficulty: 13419245680
[240.02 Kkey/s][total 1666560][Prob 0.0%][50% in 10.8h] |
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Elementary probability theory.
Each position has 1/58 probability to be the desired symbol.
So if you fix let say 3 positions the probability to find a matching pattern would be (1/58)*(1/58)*(1/58)
It is independent of the position you fix in the address. 1ace....xxxx is as difficult as 1axcxex.......
The possibility vanishes very quick as a power of n(positions you fix)
Thanks @qdoop! That's a quick and concise answer! FYI, the tool is called vanitygen. findftp@mint16 ~/Downloads/vanitygen-master $ ./vanitygen 1abcdefg
Difficulty: 51529903411245
[195.63 Kkey/s][total 16791552][Prob 0.0%][50% in 5.8y] findftp@mint16 ~/Downloads/vanitygen-master $ ./vanitygen 1abcdef
Difficulty: 888446610538
[221.12 Kkey/s][total 1468160][Prob 0.0%][50% in 32.2d] So just a "simple" prefix takes a long time on a intel xeon w3505 edit: must say I run this linux on software vmware. |
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they are giving bitcoin a bad name. price will go down long term because of these disgraceful whales.
Whales are smart, therefor they are whale! Make yourself a whale with these cheap prices and buy them all! |
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How is volatility ever going to be reduced to make bitcoin a viable currency if people keep holding. Holding results in low market volume and thus greater volatility.
It seems like BTC will become Gold 2.0 rather than a currency.
I suggest you to sell all your bitcoins to create liquidity for others.  There are enough fractions of bitcoins for every person on earth. |
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Nice graphics and nice work! What software did you use? Excel. As Rpietila says, you can do amazing things with excel. Wow, nice work! Thread watched and notified. Just gave a small tip. |
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1) Satoshi Nakamoto owns a reported 1,000,000(1million) bitcoins. Does anyone else see the huge huge problem with this?
No. Wold love them to own them myself 2) The Bitcoin Foundation, or the board representing Bitcoin, is full of illegal activity with dozens of former foundation members resigning from their positions this year. They are a bunch of people who do not represent me. I did not choose them, neither did they chose me. 3) Bitcoin is centralized. It is controlled by the mining pools. But who controls the hashing? The miners! There are a lot of them. 4) The most damming evidence of Bitcoin's certain death as of right now(excluding Satoshi's huge 1million Bitcoin stash) however, is Willy.
All markets are manipulated. Alt-coins even more. No offense, but to me your story really sounds like trolling. I suggest you sell all your bitcoins and trade them for your beloved alts. I will happily buy the bitcoin from you. Now that I think of it, I should buy some extra bitcoins right now. |
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Not really. Let's assume there is one entity with 99% of the hashing power and there are a million entities owning the remaining 1% of the hashing power. The remaining 1% could always decide to ignore the big 99% entity and fork the chain. The 1% would end up owning 100% of the hashing power again. Until the 99% entity joins the club again of course. Now I think of it, could it be possible for the 1% to block the 99% entity? |
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They can reactivate Willy any time they choose.
And that's why I'm a permabull longterm bagholder. Too afraid to miss the train! |
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