if the govt/bankers chips of even a 0.25% of every btc transaction through regulation its only a matter of time before they control the majority share its not like the elite are going to let bitcoin take over and bitcoin community has proven that when you give any anonymous person/entity enough incentive ,they will steal it all so i reckon this is a fair compromise the banks buy in ,we get mainstream adoption and insurance ,ease of use and professionalism but we have to be regulated in exchange for this ....its a fair trade imo nobody rides for free .......  |
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Some good number of years ago I used AVG free. When I came back from holiday, I had a surprise. A bad one. AVG was not updated for long time (obviously) and couldn't connect to get the latest signatures. So it turned off the entire protection(!!).
Since then I use Comodo.
To protect your coins, just keep small amount at hand and the rest can stay on paper wallets. And if you generate and print 1000 of them, a hacker/virus will hardly be able to keep track...
1000 wallets ?? are you fcuking nutz ?? 1 cold storage and 1 "hot" wallet is ample for most users |
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Plastic surgery helps make anything beautiful  tell that to mickey rourke lol |
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I use Nxt, and my Nxt priv. key is on the desk next to me.
A solution to this problem that is safer than my piece of paper is Multisig; you could require both your family, a lawyer, etc. to approve a transaction in order to get have the support them.
the family would have to be educated about what bitcoin is first in case either the lawyer dies or he scams the bitcoins which maybe worth several million doillars in say ,a decade from now ......... you need to make your family aware of btc,wallets and passphrases imo b4 its too late a paper copy and instructions in a sealed envelope in a sd box wouldnt hurt either in case they forget or lose any part of the info required to "spend" the btc ........ |
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not sure about the multibit thing but i like to run the bitcoin qt core on my main computer 24/7 to help strengthen the network in my area and help other users near me download it faster .... i like the fact that the bitcoin network is more powerful than the 500 top super computers on the planet combined and i intend to help keep it that way if i can i have multibit on my laptop if i need to make a quick transaction somewhere too and this combination works well for me |
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But is this a true story? Did he really sold his house for Bitcoins? I only read the article that the house was placed for sale but see no reports that it had been sold.
He did, but who expected a price correction after gox? Noone  righttt He should listened to his financer In the long run, he still may be okay. in the long run he will be a lot richer ,have you not been paying attention ? |
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Give them the money in cash , free the hostages, and then ten minutes later hit them with a cruise missile which will also destroy the cash
Simple is the best solution sometimes....
You won't know whom you hit. There are too many of them. If they think they can get cash, it might embolden them to try such kidnappings again. Send in a fully armed apache chopper with the cash, exchange it for the hostages and fly out 5 min later airstrike the fuckers from 60,000 feet with laser guided missile They won't have actually gotten the cash (or gotten to spend it anyway and you will have killed the right people and given them not much incentive to try that again.... Of course they will try other methods but for every problem theres a solution... |
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so youre saying that even though the elite already control us via fiat, that if we were to move to bitcoin and they controlled that system too, somehow it would be different?
It could be different (if the community were to realize this), but most likely it won't be different. What I am alluding to is like CoinCidental said; liberty and freedom using this technology. This technology has vast power given correct implementation, however; if the possessors of the power (currently the BTC community) voluntarily give up that power for a quick buck, we will see the technology go the way of centralized banking today. It will be no different, just the medium of payment will change. Centralised regulated bank insured exchanges owned by wall St investment is giving away some of the privacy and liberty of btc but unfortunately I think it's a sacrifice that has to be made...
Of course is only a matter of time before the big fish own nearly all of it and are operating it in a fractional reserve manner but most people won't care since it will still be a better choice than being goxxed.....
Why is it only available in 24 States is a bit weird though?
Do they plan to go nationwide or is there something holding it up we don't know yet?
This is the conundrum, but in all fairness, I cannot sit and armchair argue these behemoths of capital investors just because they have capitalistic interests. The fact of the matter is that they have the fiat and they are developing the technology. The spoils are in those who do (sad fact of those of us who are not millionaires). Regarding the limited States it's available in: My thought is that many States still have antiquated laws regarding property and specifically digital assets so they need to catch up first before companies can operate in them. I've been around since the early days, I've seen Zhou tong and bitcoinica, and pirate and the btcst and vircolux and gox and bfl and mintpal that newer people may not know about and i think it's fair to say we need insured btc exchanges and services We tried it for 5 years without the regulations and it led to scam after scam so basically we need this.... Even if means giving up some anonymity or paying some tax or a 0.25% on transfers.... Its just inevitable The community cannot trust another gox.... I think it's the lesser of two evils at this point so I support regulated exchanges although I will Always be my own bank, even if exchanges are fully insured, my coins will only stay within my cold storage.... Better the devil you know than the devil you don't. |
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so youre saying that even though the elite already control us via fiat, that if we were to move to bitcoin and they controlled that system too, somehow it would be different?
It could be different (if the community were to realize this), but most likely it won't be different. What I am alluding to is like CoinCidental said; liberty and freedom using this technology. This technology has vast power given correct implementation, however; if the possessors of the power (currently the BTC community) voluntarily give up that power for a quick buck, we will see the technology go the way of centralized banking today. It will be no different, just the medium of payment will change. Centralised regulated bank insured exchanges owned by wall St investment is giving away some of the privacy and liberty of btc but unfortunately I think it's a sacrifice that has to be made...
Of course is only a matter of time before the big fish own nearly all of it and are operating it in a fractional reserve manner but most people won't care since it will still be a better choice than being goxxed.....
Why is it only available in 24 States is a bit weird though?
Do they plan to go nationwide or is there something holding it up we don't know yet?
My thought is that many States still have antiquated laws regarding property and specifically digital assets so they need to catch up first before companies can operate in them. hopefully these antiquated laws dont take years to fix , UFC is still illegal in new york 15 years later despite many years and millions of dollars of lobbying to get it sanctioned ,,,,,,,, |
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It's just crazy that none of the governments seem to really care all that much.
they cant really invade otherwise it will be another Iraq type war and bombing isn't really effective. bombing is actually very effective ,you could blow them back to the stone age with a couple of missiles the only issue is bombs are indescriminate so the women and children will die as well ,i think thats why theyre holding off on a major bombing campaign send in the special forces on the ground might be better, joint operation from usa ,uk and japan and nato allies |
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This a call to the community at large to develop an exchange based upon contracts directly from miners in an effort to eliminate the need for regulated exchanges or those who seek to write IOUs of BTC for fiat money.
BTC price increases come from large fiat injections by users (customer base). The huge investments we are seeing today will not effect the price in the least bit. They serve to increase outlets for collecting the community's fiat dollars which in turn will increase the price.
The infrastructure is being built by the financial elite for the elite. Exchanges/trading platforms serve only their own interests in the end.
In the years to come, I hypothesize an increase in marketing and a large push for mainstream adoption. Once the infrastructure is in place (owned by the elite), the last puzzle piece is all of us and our fiat dollars. We as a community will voluntarily hang ourselves by throwing our collective fiat into a system owned and operated by those that already control the economic world.
so youre saying that even though the elite already control us via fiat, that if we were to move to bitcoin and they controlled that system too, somehow it would be different? Centralised regulated bank insured exchanges owned by wall St investment is giving away some of the privacy and liberty of btc but unfortunately I think it's a sacrifice that has to be made... Of course is only a matter of time before the big fish own nearly all of it and are operating it in a fractional reserve manner but most people won't care since it will still be a better choice than being goxxed..... Why is it only available in 24 States is a bit weird though? Do they plan to go nationwide or is there something holding it up we don't know yet? |
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If I have BTC why do I care if "they" have my fiat?
Because fiat has value too.... And you will need both at least in our lifetimes Maybe our grandchildren could like in a totally digital currency world but for the foreseeable future $, €, ¥, £ are not going away anytime soon |
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You could just move to a country in Asia, and enjoy the retirement at half that price.
$50 a week wont get you much in asia thesedays and ive been in every country frequently unfortunately prices there have risen a huge amount in the last in the last decade even in "cheap" countries like thailand ,phillipines ,laos and cambodia $50 wont buy much anymore forget about singapore ,japan ,s.korea and the more expensive countries because $50 would be a meal for 2 persons there  |
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Where I live the only money people get when they retire is their pension, and I can tell you that the minimal pension you can get is somewhere around $200 a month, a typical one is $400 or less. Personally I don't know anyone with retirement fund of $500k. Most people have just $20k + the flat or home they live in.
whats the point of working all your life if you end up with $200 a month to live on ? youd be better off relaxing because soical welfare pays more than that in practically all european countries and they pay for the housing and medical expenses and everything else you must live in a really cheap country if people can live on $200 a month or $50 a week ,a basket of decent food costs that much in europe and you cant get it cheaper unless you want to live on processed garbage in cans and the bread they couldnt sell yesterday ........ $50 a week would be so depressing i think id rather keep working than retire ,a bottle of decent whisky costs that much lol |
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All the idiots who didn't buy the $200 coins are gonna be pissed when we break $500 and keep rising...
Your just an unfair early adopter... from last week. i am an early adopter ......but not from last week |
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Sucked you in, Its a serious question though. How much Bitcoin is likely to become stranded in accounts because of users deaths? I imagine a lot, more than people have given it worthy of discussion. I bet a lot of holders if they got hit by a car and died would have no one to find their coins online...including their wives. Plus you got a lot of single guys using Bitcoin who aren't going to have a spouse to trust with their passwords etc even if they thought about it. I would also add coins simply lost by people or forgotten. I personally have a bunch of tiny amounts of Sats in temporary addresses I made for different purposes, only worth a dollar or two but they must add up. Add to that on purpose burning of coins and I wonder if we will even have any Bitcoin in 30 years. A lot of millionaires, politicians and mafia die with a lot of their money in their backyard. Probably the same for bitcoin.. I would consider loss of bitcoins in the early stages more, as people might never have thought of price going so high before, and might have lost it in HD crashes etc. how about satoshi and the first million coins ever mined ? if hes already dead or didnt bother to save the private keys those coins are lost forever potentially billions of dollars worth  Well, as long as bitcoins don't go mainstream, and those coins don't come back in, its only a matter of having 20 million coins existing then. The price would just be affected with the supply and demand and not with those 1 million coins. in a few years spending whole bitcoins will be unheard of anyway , people will use mbits or satoshis to buy stuff or maybe even smaller units than satoshis if btc is very sucessful and needs to be divided even smaller than 1 million sats per btc it's actually 100 million sats/BTC even better it will have to be incredibly sucessful beyond our wildest dreams if it needs to be divided into even smaller units than that to purchase stuff ......... |
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the next ALT will probably go to the mars if $1200 was to the moon ........
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just fuck her in the ass hard and there be plenty of blood if you do it properly .....then she can go to the ER to get stitched up thats the best idea...... |
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Sucked you in, Its a serious question though. How much Bitcoin is likely to become stranded in accounts because of users deaths? I imagine a lot, more than people have given it worthy of discussion. I bet a lot of holders if they got hit by a car and died would have no one to find their coins online...including their wives. Plus you got a lot of single guys using Bitcoin who aren't going to have a spouse to trust with their passwords etc even if they thought about it. I would also add coins simply lost by people or forgotten. I personally have a bunch of tiny amounts of Sats in temporary addresses I made for different purposes, only worth a dollar or two but they must add up. Add to that on purpose burning of coins and I wonder if we will even have any Bitcoin in 30 years. A lot of millionaires, politicians and mafia die with a lot of their money in their backyard. Probably the same for bitcoin.. I would consider loss of bitcoins in the early stages more, as people might never have thought of price going so high before, and might have lost it in HD crashes etc. how about satoshi and the first million coins ever mined ? if hes already dead or didnt bother to save the private keys those coins are lost forever potentially billions of dollars worth Well, as long as bitcoins don't go mainstream, and those coins don't come back in, its only a matter of having 20 million coins existing then. The price would just be affected with the supply and demand and not with those 1 million coins. in a few years spending whole bitcoins will be unheard of anyway , people will use mbits or satoshis to buy stuff or maybe even smaller units than satoshis if btc is very sucessful and needs to be divided even smaller than 1 million sats per btc |
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if anyone is complaining about a $0.04 fee or 0.001 btc to send unlimited amounts of money around the world in 10 minutes maybe you should just go and kill yourself go back to regular banking and see how it compares  |
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