Thanks everyone! I promise I will do more research myself  |
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You should have stopped at the first question, the answer to that answer the other too  The transaction is SIGNED by using the private key, this means that anyone can prove it is valid but no one can get the private key. So, no problem!  So the private key you use to sign the transaction isn't compared to some list of private keys which are on the network to verify if it is an existing private key? |
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Yes. But...
The probability that you hit an existing private key is so small that the time and energy invested into finding one key would cost more than the total market cap of bitcoin (in fact, as Gabi has pointed out, more than the available energy output of our sun over its entire lifetime).
This is pretty similar to a lottery where you buy all the tickets - of course you will win the lottery, but it's not really cost-effective, and in the case of bitcoin, you can't buy enough tickets to even get a chance of winning a little bit...
Onkel Paul
Actually, there's a small exception to this rule: If you look at deterministic keys generated from a passphrase instead of random keys, and the passphrase can be guessed, it's much easier of course.
Example: There's a private key generated from "correct horse battery staple" (corresponding public key is 1JwSSubhmg6iPtRjtyqhUYYH7bZg3Lfy1T) which is a passphrase that wasn't too hard to guess (actually, if xkcd had kept its mouth shut, it would be pretty hard to guess...). Everybody can spend contents of this address, which is why its balance is almost always zero...
OK, I get that. Chances you hit a private key are too small. And if people are smart enough to store their balances in small amounts over multiple private keys its even less effective for hackers. But I have another question. If I use my private key to make a transaction, the network needs to match this private key to the public key (which is derived from the private key). Doesn't this mean that all the private keys are stored on the network? And how safe is this? Why can the network easily verify the private keys but can't someone else look into them? And can't someone simply "listen" to the network and pick up those private keys? And if I make a wallet address with the QT client, does the cliënt generate a private key? And is I encrypt my wallet, what does that mean? Does that mean my passphrase is the new private key? |
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I'm trying to understand why cryptocurrency private keys are safe. Maybe it's a n00b question, but here I go. I understand that if you know someone's private key, this is means you can transfer the coins. I tried this with my CGA wallet, I used dumpprivkey to get my private key, deleted my wallet file, restarted the client, and all I needed to to to get my balance back was entering "importprivkey <privatekey>". You don't need anything else than the private key. What if someone ran a powerful computer which runs a program that does nothing else than: 1) generate random key 2) importprivkey <randomlygeneratedkey> 3) return to 1 Wouldn't that mean that this program could randomly pick up users balances, like some lottery? |
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Why did you sell at $1050? Are not aware we are heading to $1000000 (worst case scenario) pretty soon  This of course the received wisdom at this present time and I was fully aware of it. However, when piramida starts *facepalming* 'naysayers', experience has taught me that is time to sell all Bitcoins, empty exchange accounts of every last cent, and when in polite society, completely deny that you have ever even heard of Bitcoin. Maybe stolen Goxcoins are being sold?
And stolen coins from everywhere else. If that is the case, it could be a long slow drip of perpetual selling pressure. A huge percentage (at least 10 - 20 percent) of the whole bitcoin economy are coins that at some point were stolen from its previous owners. Everyone here is in some way laundering stolen money. But because it's anonymous and there is money to be made, nobody seems to care about that dark fact about this "revolution that will change the world". Yeah, it's changing the world allright... into one big money laundering scheme. |
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I believe this is stolen Gox, Poloniex, Coinex and so on, scammers cashing out while they can. When the first scammers get caught, and they will be caught, price will go up quite a bit! That will be a wonderful day. Dirty scumbags.  But in the meantime you are.... buying stolen coins? |
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Maybe stolen Goxcoins are being sold?
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May I plea for adding CGB (CryptoGenic Bullion)? I know it's not one of those "hugely popular" coins which receive tens of thousants of votes at polls on sites like mintpal and allcrypt, but those are coins that people only want to be seen added to have a good dump opportunity. We have seen this with coins like LEAF, MINT and MOON. CGB has been around since june 2013, before the whole altcoin frenzy started, and has a great and steady growing community. It has active dev team. Couple of days ago a completely new website was released for example. It's not a one-day-fly and its certainly not a pump-and-dump scheme. CGB's specs: - Proof of Work/Proof of Stake Hybrid - Scrypt - Linear difficulty retarget (every 2 blocks) - 5 Confirms - 60 Second block time - 10 Bullion per block (1st 55k blocks) - Subsidy halving after every 50k blocks until reward of 0.01 is reached were it will remain in perpituity - ~1,000,000 CryptogenicBullion with 0.5% annual PoW inflation - 1.5 % Annual PoS For more info see: http://cgb.holdings/http://www.reddit.com/r/CryptogenicBullion/https://bitcointalk.org/index.php?topic=245086.0Or contact the founder: elambert ( https://bitcointalk.org/index.php?action=profile;u=104781) or one of the other members of the dev team. Thanks for your consideration! |
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Sad i hadnt a buy order on the low  Same here. I just don't have any btc (or ltc) free to use in buy orders. Everything is already invested... |
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Added nodes already, but still stuck  one of my wallets did it I backed up my wallet.dat then deleted everything in the apdata/roaming/adt2 other than the wallet.dat and the config file re downloaded the blockchain and its worked fine ever since I think the issue is caused when the wallet doesn't save the pears.dat before closing I am talking to a few people about making an updated client to solve the problem Same issue here, stuck at block 29641. I'll redownload the blockchain. Edit: that worked |
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This itself is publicity. Let him, its a free world |
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Could be those who picked up coins crazy cheap during the dumps, dumped them again to take immediate profit and stalled the price recovery. Could be manipulation. Who knows. So much that goes on in this crazy thing called crypto seems entirely random.
CGB just needs more markets. Don't understand why it is has been confined primarily to cryptsy for so long. Once all the shitcoin holders voting up their coin to dump their bag on mintpal go away, CGB won't cost an arm and a leg to get to the top of the list. Mintpal would be great for CGB, expose all the newbies who are creaming over MINT and BC to CGB.
In the process of consolidating and diversifying my crypto-portfolio. Once I know where I stand on everything, I will be sure to buy at least a thousand votes to help the cause.
Problem is those shitcoins keep coming, and people keep voting on them to get dumping opportunity |
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Any ideas why the price is falling again ? I thought we were recovering from the crisis  I'm asking myself the same question... I don't get it.. value of CB should be much higher IMHO or should at least be rising seen the community/developers team effort and the unique properties CB has... I think the market is flooded by the rampant adding of all kinds of crapcoins by the exchanges. People just don't know where to put their money anymore. I think this is depressing all the decent coins as well. |
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I have a problem. I made an address on Allcrypt and sent my CGA (0.69 in total, not much I know) to this address. This was 2 maybe 3 hours ago. In my wallet it is deduced from my balance (which is now 0). The transaction has 0 confirmations. When I look at the blockexplorers (this one: http://node1.cga.anomalypool.com:2760/chain/CryptographicAnomaly and this one: http://cga.thedigitalmint.org/) my balance appears to be still 0.69, the transaction ID doens't seem to exist and the address Allcrypt assigned to me returns: Address not seen on the network What does this all mean? Your transaction didn't get processed. 1) Please post your address (of your wallet) 2) What version (your qt-client) do you use? 1) AZ3RStUZ6edq5k4pHPLe6SQJ2ysUrqRKb5 + AdwXZ8hfJQv77P8VAgHSnJZ6dpATGNjYrg => AUv2aYkpcHjEQpkfMXnWG8Qu6cwXBDnAXU 2) 1.3.0.2 thanks for your reply! It seems that your transaction has yet to be received by Allcrypt, I sent them a support ticket to help them get on the correct blockchain. Allcrypt is on the wrong chain?  That means the address i sent my coins to is also on the wrong chain and non existent on the proper chain? What will happen to the transaction then? As soon as Allcrypt gets on the right chain your coins should show up on Allcrypt (if they don't delete their wallet.dat, which I am sure they wont). Sorry for the inconvenience. Ok i will wait, its only 0.69 CGA, so although it was a whole day of mining for me and my miserable videocard its not that important Thanks for your help! Couple of days later now, and still the same problem. The destination address which Allcrypt gave me doesn't exist on the network, when I lookup my wallet addresses it says my coins are still there, but my wallet program thinks the coins are sent and says my balance is zero. What can I do? edit: Oh wait: I will try what Cor2 writes above. I will try to export the private keys, make a backup and completely reinstall the wallet. Already tried rescanning the wallet but that didnt work. |
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I have a problem. I made an address on Allcrypt and sent my CGA (0.69 in total, not much I know) to this address. This was 2 maybe 3 hours ago. In my wallet it is deduced from my balance (which is now 0). The transaction has 0 confirmations. When I look at the blockexplorers (this one: http://node1.cga.anomalypool.com:2760/chain/CryptographicAnomaly and this one: http://cga.thedigitalmint.org/) my balance appears to be still 0.69, the transaction ID doens't seem to exist and the address Allcrypt assigned to me returns: Address not seen on the network What does this all mean? Your transaction didn't get processed. 1) Please post your address (of your wallet) 2) What version (your qt-client) do you use? 1) AZ3RStUZ6edq5k4pHPLe6SQJ2ysUrqRKb5 + AdwXZ8hfJQv77P8VAgHSnJZ6dpATGNjYrg => AUv2aYkpcHjEQpkfMXnWG8Qu6cwXBDnAXU 2) 1.3.0.2 thanks for your reply! It seems that your transaction has yet to be received by Allcrypt, I sent them a support ticket to help them get on the correct blockchain. Allcrypt is on the wrong chain? That means the address i sent my coins to is also on the wrong chain and non existent on the proper chain? What will happen to the transaction then? As soon as Allcrypt gets on the right chain your coins should show up on Allcrypt (if they don't delete their wallet.dat, which I am sure they wont). Sorry for the inconvenience. Ok i will wait, its only 0.69 CGA, so although it was a whole day of mining for me and my miserable videocard its not that important Thanks for your help! |
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I have a problem. I made an address on Allcrypt and sent my CGA (0.69 in total, not much I know) to this address. This was 2 maybe 3 hours ago. In my wallet it is deduced from my balance (which is now 0). The transaction has 0 confirmations. When I look at the blockexplorers (this one: http://node1.cga.anomalypool.com:2760/chain/CryptographicAnomaly and this one: http://cga.thedigitalmint.org/) my balance appears to be still 0.69, the transaction ID doens't seem to exist and the address Allcrypt assigned to me returns: Address not seen on the network What does this all mean? |
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Quick question:
If I encrypt my wallet it says: "Minting suspended due to locked wallet".
Does that mean I always need to have my wallet decrypted to receive any POS? Or can I leave it encrypted en just decrypt it once in a while to receive POS?
as far as I know you just need to decrypt it when stake is due Thanks for your reply! Does it have to be decrypted when stake is due (which means I have to calculate it every time and put it in my agenda), or can I wait untill after stake is due? |
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