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13581  Bitcoin / Bitcoin Discussion / Re: What is the biggest bitcoin transaction ever performed so far? on: November 10, 2015, 05:57:45 AM
There is a link in blockchain which shows top largest transactions.
As far as i know this is the largest one with 155,841BTC
https://blockchain.info/tx/2c2ef42751873bcea697ca26ac23b032f7c47aaa1575c32576c0532fbaee2d60
Sweet mother of Jesus that is a lot of bitcorns, wish I had so many Smiley

 Cheesy Looks like one person who split some of his/her $60m into portions of around $500k with still a pretty large balance left to go.

See the fee was a mere $0.16 for sending the $60m. Now try and do that at a bank.

haha, you got it! Tongue only with all those types of examples people can start to realize why bitcoin is so good for everybody, well maybe not for everybody, banks  will disagree with lot of things... Tongue

155,841, if now is a big quantity, w8 few years and we will  see the trully value of that transaction Wink

You cannot compare the amount of coins send in 2009 with the same amounts send in say 2014. The value of the same coins would have been totally different at the time. Gavin's faucet paid out 5 bitcoin per hour back then. A faucet paying 5 bitcoin per hour these days would bankrupt the owner within the first hour.

I would rather want someone to compare apples with apples and find the highest valued Bitcoin transaction, not the biggest amount of coins.  Roll Eyes
13582  Bitcoin / Bitcoin Discussion / Re: Could a Nobel prize in Economics reveal the true Satoshi? on: November 10, 2015, 05:48:46 AM
You might think Satoshi Nakamoto is a single person, I on the other hand think they are a group of people. The decision to reveal them would not happen, and I base my theory on the 1 000 000 coins that are unclaimed. Money and fame are not the driving force behind this group. They decided to take on the system and to give it back to the people. This makes them a target for a wide variety of agencies and countries around the world.

The Nobel prize and the fame and fortune, is not worth the risk. ^hmf^
13583  Bitcoin / Bitcoin Discussion / Re: Malleability attack explained on: November 10, 2015, 05:41:20 AM
I think the best explanation and answers for this attack and the impact it has and a possible solution could be found here : https://bitcoinmagazine.com/articles/the-who-what-why-and-how-of-the-ongoing-transaction-malleability-attack-1444253640 It was also discussed in detail here : http://www.coindesk.com/bitcoin-bug-guide-transaction-malleability/

Hope that helps you.  Grin
13584  Bitcoin / Bitcoin Discussion / Re: Will Satoshi Nakamoto will ever come out from his hood? on: November 10, 2015, 05:32:05 AM
What hood? The hood he is wearing, because he is a superhero or does he live in the hood? <The Bronx>
There is so many discussions on this topic, we just have to fool around with this. As said so many times before, Satoshi Nakamoto should remain hidden forever.

Satoshi represent the people not the person. ^hmf^
13585  Economy / Economics / Re: what your plan for future ? and how to manage your time ? on: November 09, 2015, 11:15:01 AM
I plan to convert 5% of my salary into Bitcoin every month, when the price is low and keep the 5% in my fiat savings account, if it is high. When the price is low enough, I will withdraw it and buy at the low price. I hoard every single Satoshi I earn and set 30% from that aside to trade on exchanges. I am looking at early retirement, and for me to do that, I would need to triple the amount of coins I have now, and for those coins to be double the value it is now.

This will buffer my inflation lost on other investments and would keep me floating for a while longer after I stopped working.
13586  Bitcoin / Bitcoin Discussion / Re: What will happen when blocks are being full on: November 09, 2015, 07:59:29 AM
My vision for this is quite different from that. I think the water or liquid will dry up once the glass has reached capacity. The public will see this as a failure and stick too fiat or credit cards or PayPal. Both of these options alienate people from Crypto currencies. The developers should get their act together and sort out the mess they created with this.  Angry
13587  Other / Off-topic / Re: How many bitcoin addresses do you have ? on: November 09, 2015, 07:47:39 AM
I create a separate address for every new service or website I use. I already have way over 50 addresses created for things I experiment with. There are simply too many tracking websites out there and people chasing after your money. I see no advantage of using only one or two addresses. Keep everything separated and protect your privacy. 
13588  Bitcoin / Bitcoin Discussion / Re: How Much Bitcoins Do You Have? on: November 09, 2015, 07:38:26 AM
I doubt that over 21% on this forum, have above 100 Bitcoins. Of all the addresses out there less than 2% of the total amount of coins are situated in one address. The OP should have asked, how many people have x amount of hoarded coins. The daily total will differ, if it is used on a daily basis.

This will never be a true reflection of the actual figures. <People will not reveal the true amount> ^hmf^
13589  Bitcoin / Bitcoin Discussion / Re: Time to stand up to the XT shills here! on: November 09, 2015, 07:23:24 AM
I am not acctually a supporter of any of these changes now. It seems as though both sides has a bit of a hidden agenda with the BIP they submitted. The people should set aside their agenda and come to the table with BIP's that are needed. You cannot submit a BIP to take control over Bitcoin development or to further your side chains or lightning project, or whatever project you are working on.

The BIP you submit, should benefit the protocol and it's users, not your power trip or your pockets.
13590  Economy / Exchanges / Re: Is coinbase going to be the next "goxed"? on: November 09, 2015, 06:57:50 AM
There is a huge difference between the time Mt Gox was around and the current situation. Mt. Gox has sparked over regulation at the exchanges around the world, to prevent that from happening again, on such a large scale. Coinbase are one of those exchanges where they go overkill on following the AML and KYC regulation. I am not saying it will not happen, but these exchanges will face huge penalties, if it does. They also take out insurance now, to help cover losses, if a incidence occur.

It is much better now, than back then with Mt. Gox  Roll Eyes
13591  Economy / Economics / Re: Will btc be the largest online currency used in future? on: November 06, 2015, 07:49:09 AM
Do not bank on that happening soon. The banks are trying their best to develop their own version of the Blockchain to trump whatever was done with the Bitcoin Blockchain. You will see a lot more private Blockchains with their own currency tokens and even some government flavors.

The main difference will be, what the people will support? A private centralized currency or a decentralized currency under no centralized control.  Huh
13592  Bitcoin / Bitcoin Discussion / Re: Microsoft's Bing Launches Bitcoin Rewards Sweepstakes on: November 06, 2015, 06:51:05 AM
Since its a free reward that someone can win well will work as lotery since someone will win.Is good to see big companies given a reward in bitcoins soo i hope this gets popular and bring new people into bitcoin.

The only thing promotion like this one will do is to bring new customers (mostely not so smart ones) to Microsoft products that noone wants to use for a good reason.
Bing is no match for google, not even by far. The only ones to participate in their promotion is going to be reward hunters, who will abandon it as soon as the rewards
stop coming.

Well it might be, but by then we would have seen a lot of new faces entering the rabbit hole. We should not piss on opportunities like this given by large corporations to help with adoption. It was just sad that it only applied to US citizens.

I guess a global reward program would have cost too much money and the money farmers would have gone into overdrive, if they expanded it. ^hmf^
13593  Economy / Service Announcements / Re: How to earn Bitcoins by Freelancing on: November 06, 2015, 06:42:27 AM
I am a huge supporter for companies offering Bitcoin payment for tasks being done online. We need more companies like this to stimulate the industry and to move the currency. You are going to have a tough time going up against sites like Fiver. Good luck and thank you for the info.  Grin
13594  Bitcoin / Bitcoin Discussion / Re: Spoke with Steve Wozniak on: November 06, 2015, 06:21:17 AM
Woz is the King, he took over when Elvis died and then he created Apple as a part time hobby. ^JOKE^ Some people on this forum will be too young to remember him and what he did for the computer industry. Just bow before him, when you pass him in the street. ^LoL^

His info : https://en.wikipedia.org/wiki/Steve_Wozniak for the younger generation.  Roll Eyes
13595  Other / Off-topic / Re: The #1 Bitcoin Conspiracy Barn on: November 06, 2015, 06:00:30 AM
This thread also exposed the people, who do not read the whole thread and post for the sake of posting. They read the title and post, without reading one of the previous posts. Well done to Gleb for spotting the glitch in the forum Matrix, or this would have gone on forever.  Tongue

To all posters after this post << Read the thread >> It's not about the title. ^hmf^
13596  Bitcoin / Bitcoin Discussion / Re: Don't HODL!!! on: November 06, 2015, 05:39:56 AM
W.t.f. are you talking about? The more you hodl now, the higher the prize will go in the future. It is all the spending that is killing the coin. Just sit aside a small percentage of your coins to spend and hodl the rest. Once the price goes up to the moon, you would have doubled or tripled your buying power and you would be able to afford more things. 

Hodl / Hodl / Hodl ^Hmf^
13597  Economy / Economics / Re: What plans do you have for your BTC stash? on: November 05, 2015, 11:43:29 AM
My plan was always to recoup my investment capital and then only to invest the profits. I have done that and I am now setting my goals on eliminating all my debt with the investment profits, I make from Bitcoin. I want to free myself from any further involvement with debt, either from banks or other financial institutions. A debt free life, will be a joyfull life.  Grin

I have been the hamster running in the little debt wheel, it is time to open the cage! Time to live.  Cool

We are so focus on paying debt and interest on debt, that we do not take opportunities to enjoy life. When you open your eyes and all debt are paid, you are left with a burnt out body and no energy to enjoy the fruits of your labor.  Roll Eyes
13598  Bitcoin / Bitcoin Discussion / Re: New York Times Story today! Online now, In print in tomorrow's (Nov 5) paper. on: November 05, 2015, 11:27:08 AM
I see the usual stabbing at Bitcoin :

" Mr. Lee of BTCC said he was not seeing much of those sorts of transactions. But he said he had seen signs that Chinese investors were using Bitcoin to move money into an international investment scheme, MMM Global, which claims to have been created by a man who did prison time in Russia after a previous Ponzi scheme collapsed.

Bitcoin also continues to be used for illegal purposes. After the Silk Road online drug bazaar was taken down, imitators quickly popped up to take its place.

Bitcoin has also become the currency of choice for online ransom payments because Bitcoin addresses can be created without providing any personal information. The Cyber Threat Alliance released a report last week estimating that hackers had collected $325 million from CryptoWall, a virus that can freeze a computer’s files until an electronic ransom payment is made."

They have to include these highlighted words in any article to offset the good things being talked and also to hype up the article. I will not get too exited by this, they just trying to sell news papers and all the negative things are a attention grabber.  Roll Eyes
13599  Bitcoin / Bitcoin Discussion / Re: The Internet Of Blockchains on: November 05, 2015, 07:40:01 AM
this can truly be a decentralized internet, that we all have dream of, but ISP are still there not making this 100% true

there must be a way to get rid of those too , besides the governement

Even if you do get rid of local ISP's the government will still have control over the fiber and satellite networks. The monitoring and control will just shift and more government employees would have to be employed to do the ISP's work. This will put a bigger burden on the TAX payer and the users will suffer.

We will just have to accept that governments will always try to control communication and interception can occur on different levels, even before this traffic reach ISP's.  Roll Eyes
13600  Bitcoin / Bitcoin Discussion / Re: Here's the X-factor That Could Launch a Bitcoin Boom on: November 05, 2015, 07:29:12 AM
I would not call it a Hero App, but rather just stay with the Killer App that could take it viral. I saw something on Reddit the other day, where a hacker created a bot to link the M-Pesa system with Bitcoin, and that could inject a whole new market, if that could be done legally. The mobile payment system in Africa is huge and integration with Bitcoin could make it easier to shift funds from the developed world to the developing world, and charities could target individuals.

Someone could make donations in Bitcoin to individuals in Africa and they could spend that in M-Pesa, which is already widely accepted in most African countries.   Grin
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