What happens when your biometric data gets compromised? Plastic surgery? Face transplant?
^^^This. A good (high res) biometric recognition software will give you different results if one or two hair is in the way (e.g: you didn't shave well). And when you want to verify a transaction, making sure you look EXACTLY the same as you did when created the private key / address will be a big concern. I think when it comes to biometrics it is better to stick to fingerprints and iris. They are less likely to give any problems. Voice, Face, etc can be easily altered and therefor not very good for this job IMO. Text passwords are, at present, the best form of authentication, if they become compromised then you can change them completely. And if you choose them well, then they can be random, unpatterned data. Biometrics are not random/unpatterned and also publicly available, this makes it possible to obtain that information. Random password text can easily be sufficiently entropic enough that it's not possible to guess, even if an attacker is simply fishing for valid passwords. Domain size for bitcoin private keys is a good example of this principle; 2 256 is just too large a number of combinations to work through speculatively. The probability of finding a valid private key with zero BTC, let alone a usable sum, is so disappearingly small that no-one will ever seriously attempt it (with classical computers, at least). True. But you are refering to 3rd party intervention. I was refering to common problems that will arise by simply using it yourself for everyday transactions  |
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What happens when your biometric data gets compromised? Plastic surgery? Face transplant?
^^^This. A good (high res) biometric recognition software will give you different results if one or two hair is in the way (e.g: you didn't shave well). And when you want to verify a transaction, making sure you look EXACTLY the same as you did when created the private key / address will be a big concern. I think when it comes to biometrics it is better to stick to fingerprints and iris. They are less likely to give any problems. Voice, Face, etc can be easily altered and therefor not very good for this job IMO. |
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Damn kids in this forum. Go and get a job.
that`s right man...but children today know more than we knew their age ...they have access to any information today True. Hopefully the children of tomorrow will have access to ALL information without it being sensored. I believe, that is something the blockchain technology (distributed database) can make happen. |
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Can the government shut down the internet? Yes they can!
First, why do you think this? actually you can do that (like north korea). but then: welcome to the stoneage!  and in 5-10 years there will be alot of sattelites which will bring the internet (and Bitcoin) in every corner of the world. (there will be even BITCOIN SATELLITES  ) http://www.coindesk.com/bitcoin-nanosatellites-orbit-earth-2016/Wasn't there a group that was attempting to transmit the blockchain through RF? A Finnish group if I am not mistaken. They said they were working on ways to make it a two way transmission too. |
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And I mean really, really lost.
A lot of people can't remember their passwords after 4 minutes since they set it up.
But apart this, there's several ways bitcoins can get lost, like in example if you have a wallet on a USB key and this breaks and you have no cold backup.
This will inevitably bring, in the future, to less than those 21 million cap.
And they WILL keep going down.
Is there a plan to reintegrate them?
Lost coins reduce supply of bitcoins. Supply goes down, price goes up. You can divide Bitcoin however you want, so unless I'm missing something, it shouldn't be a problem. Indeed we can divide Bitcoin as to where we want. However, I doubt that the coins lost due to the reasons mentioned above can affect the price of Bitcoin simply because there is no way the other Bitcoiners can know that another lost their wallet (hardware failure) or forgot their password. And even if they have heard about it, there is no way to prove that it is true. So, unless people intentionally sent coins to 1DontSentHereCoz1tsGone4Ever they cannot prove that they are telling the truth or don't have any backups. |
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Hi, I would like to join this campaign as well Name: S4VV4S Posts: 3091 Activity: 518 Position: Hero Member Bit-X address: 35fj89q592oJRvAJ7ssqZYPFsL4k46FKjx Let me know if accepted. Thanks! |
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Even though that might be the case every 3 days, everyday we have most blocks found in less than 10 minutes.
Taken from blockchain.info
365282 10 minutes ago
365281 14 minutes ago
365280 19 minutes ago
365279 30 minutes ago
365278 37 minutes ago
365277 39 minutes ago
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Let's see ratio between male & female here, but i'm sure at least 20:1 if nobody trolled the vote.
Also, i think you should add "other" option since many websites already give this option.
Other option added... Thanks for your suggestion... ==================================== Can I ask what "other" stands for? I can understand transgender, but I am having trouble understanding "other". Are we talking about sex or sexual prefference here? |
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full nodes aren't really necessary, they can only help the network, not mandatory at all, miners are instead mandatory and they verify transactions by including them in the block
miners are the fulcrum of the bitcoin network, if you have cheap electricity it is encouraged to join the mining activity to help the securing the network, besides this i knmow that full nodes can help against sybil attack, but i'm not aware of any other useful thing they can bring to the network
AFAIK large miners run full nodes themselves, therefor you have 2 in 1  |
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Was reading a news article about BitCoin and the ATM concept in Greece. Especially as you have limitations to the amount of money you can withdraw per day (60 Euros), the Bitcoin ATM utilization seems to be a viable way for people to have more access to their money without the old fashioned mentality of stockpiling cash under their mattress. The link to the article is below. I have pro and con feelings about this, but I was wondering what all of you thought. http://www.moneysedge.com/newsimage?id=141At the very least, it can shed virtual currency in a positive light with their local consumers when banks their banks have become constrictive. Also people in crisis are looking for easiest solutions. Stockpiling fiat is that solution. Bitcoin can be hard to understand for them. I personally stockpile on both, cash and Bitcoin as I need cash to pay bills and buy food, etc. But I keep my money in my pocket not a bank account anymore. I only deposit cash in my bank account when necessary - e.g: when VISA payment necessary. |
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Ah lol i just voted for male and i see that someone is voted for shemale i guess the OP is shemale  LOL! At first I was wondering "is the OP serious by adding that option", but then I saw that 2 people voted Shemale  |
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How Future Bitcoin Can Prevent a Future Greece? Bitcoin, the volatile digital currency, cannot help the Greeks of today. But it could mean a great deal to those caught up in currency crises to come. For the average Greek, getting one’s hands on bitcoin requires buying it with euros—the last thing any sane Greek would give up. That’s why the bitcoin of today has no bearing on what could easily become a humanitarian crisis. But Bitcoin is at an inflection point, and it’s evolving much more quickly than all but its most dedicated observers realize. Whatever happens to bitcoin itself, the technology underlying it opens up previously unimagined possibilities for the future of just about anything humans exchange. [...] http://www.wsj.com/articles/how-future-bitcoin-can-prevent-a-future-greece-1436744064Bitcoin cannot stop fractional reserve or the way the banks work. And if Bitcoin continues at a steady pace to be more and more adopted, then it is only a matter of time that banks join in and find ways to exploit it. |
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In a way, you must understand the miners view on this... Why spend the same resources on transactions with little fee's, if you can spend that same resources to get to the juicy transactions with the higher fee's. The odd thing about this is... This will become a more frequent thing now... If this is the miners doing this, they would do this again and again.. They have changed the behaviour of the crowd in their favor. People are now forced to pay higher fees, to get their transactions confirmed quicker... and the miners now realized this.. and this situation will repeat itself in future. The developers should just stuff them, and increase the block size once and for all.  I don't think the miners really care that much about transaction fees right now. I think they care most about the block reward. However like you said: Why spend the same resources on transactions with little fee's, if you can spend that same resources to get to the juicy transactions with the higher fee's. It's business I understand that eventually a fee market will come into play. But there has to be a limit. Where does it end? That's what I want to know. Where does it end?! Imagine fees becoming so high and spam becoming so unruly that people just start mailing their privkey by UPS?  By the time fees become important for miners the fees should be enough. By then I expect Bitcoin to be mass adopted therefor fees should be adequate. I doubt I will be around to witness that by that time, but my guess is that, that is how it is going to be. |
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Thanks for posting that. I didn't know about Charles web debugging proxy. Now I know |
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Has anyone ever purchased mining hardware from this site? http://www.cryptocoinmachines.comPrices look to good to be true, and they only accept payments in BTC and LTC. Can anyone confirm or deny? Much appreciated thanks. I haven't clicked on the link, but if the prices are too good to be true then it's not true Stay safe. |
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as a senior you don't know what is bitcoin core? seems very odd to me, it's the main client for bitcoin, that many should use more seeing how the last version was immune to the last blockchain split
As a Hero member you shouldn't be asking these things, you should already know. 2 things: 1) Bought account 2) Signature campaign |
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I guess it would be called cold storage. Basically just getting my long term coins off of my everyday computer.
Yeah, you got it. Keep your long term coins offline - preferably a paper wallet - which you can check occasionally if you wish through blockchain.info. |
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Don't like to be told what to do. Bitcoin fine with me - why upgrade?
LOL! Fair enough. But sometimes it's good to be up todate just in case something happens. Like the "fork of July" for example. |
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You would not like what the masses say about bitcoin. Bitcoin was mentioned on some website in the comments, and the poster was teared to shreds by "the masses" who all said it was a pyramid, ponzi, get rich quick and something like that.
That is true, but that is only because of mis-information. The masses do not yet understand that Bitcoin is a method of transacting leaving all middle party (and unnecessary expenses) out. Bitcoin should NOT really be seen as an investment (not at this point). So basically it's a replacement for banks, VISA, WU, etc. but with super low fees. So for the masses to trust Bitcoin then the masses must first understand that. Once they do understand that, then they need to be able to go from cash to Bitcoin, which is something that is not that easy at the time. We have localbitcoins and several ATMs worldwide but it's not enough. And for mass adoption we need (more) widespread services for: Cash -> Bitcoin. Not: Cash -> Bank -> Exchange -> Bitcoin |
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Government agencies have to fight for their budgets. The only way to survive, and expand is to lean on politicians.
The NSA and GCHQ are under threat, because of the ever increasing use of encryption, which reduces their roll, and thus budget.
This is about jobs, and expense accounts. What better way to keep the good times going, by scaring people. All part of the toolkit to manipulate politicians and popular opinion.
Indeed that is exactly what it is. Wasn't there an issue with the FBI saying that Apple and Samsung are making their job difficult with the new phone encryption? When will people get you can't stop Bitcoin and no government on this planet has the power to stop it....
People need to man up and say screw the authorities, if the people don't want something g then guess what you shouldn't have it, government is made for the people not the other way around...
I second this, but as from the articles, it seems they are just trying to censor its people. They want to invade on their privacy hence the banning of things that involve encryption and privacy.Yeah, but the average Joe doesn't mind because they don't understand or know about these things. The ones who know and respect their privacy will not stop using encryption, which means that the ban is an absolute fail before it's even imposed. |
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