Some of those options don't make any sense, specifically "BFL didn't needed any of the money from pre-orders BUT sold 100% of BTC at maket value."
BFL doesn't accepts BTC directly. You can pay in BTC, but it goes thru BitPay, which takes the BTC and gives BFL cash. BFL never even touches the BTC, so they have zero influence on the market, price, anything. They are a business, and you can't pay a foundry or employees salaries in BTC.
+1 -That's right dammit - Set them straight. BFL pays their bills in USD just like the rest of us. It won't forever, but for now, the USD reigns supreme. |
|
|
|
People like you are the reason why there are still not many places to spend Bitcoins: nobody wants a customer like you!
+1 LOL |
|
|
|
|
I normally hate it when I get wrapped up into reading an entire thread of uselessness. This one is quite entertaining though. I've been laughing at the OP and all of the reactions that this thread has caused since.
My 2 cents or rather 2 Satoshis,
$3600 = $3600
Don't be greedy.
|
|
|
|
Due to this bigger issue, the amount of circulating BTC will constantly decrease over time. What effect will this have?
It will make my coins more valuable. So please, everyone, loose as many coins as you can. |
|
|
|
I thought about this before. My countermeasure is to store a text file with instructions about how to use the wallet.dat file on the same USB drive. I also have shown my wife what to do.
I agree with this statement from earlier. Hardware may be obsolete when it is that time. Also please use multiple thumb drives because it may just die before you use it. Electronics are not perfect forever. If enough time goes by any solution that involves hardware might be so obsolete that a museum would have to get involved to read the data. If i gave you five inch floppy i bet many here would be like wtf is that. Just thinking out loud.
|
|
|
|
This sounds good. Is there any way to determine which of the 10 pieces were used for the recovery when the bitcoins are spent? Ideally I'd like a solution where I can set 1 key that can be used to spend them, and another 3 keys, two of which need to be used together to spend them, and I'd like it to be determinable from the blockchain which of the keys were used to spend them. Is this possible?
There will be plenty of options once all of the features have been implemented. Not sure of yours exactly, But I'm sure you'll find something that works for you. Check out this thread https://bitcointalk.org/index.php?topic=139625.0 |
|
|
|
You could also split the key on tats. One tat by one artist just above your genitalia, tats by another artist on your buttcheeks, so each one doesn't see the others' work. Just gotta trust your sexual partners, then.
LOL . . Great ideas but there are a few holes in you plan. What if you gt a crooked-bitcoin-hoarding-mortician? What if you make porn? |
|
|
|
Is there a offline linux bundle for ubuntu 12.10 available or does the existing work with it?
+1 ? |
|
|
|
How do you plan to make them (un) recoverable?
Armory has (or will have soon) an awesome feature built into the paper backup system that allows an M of N recovery. Fully customize-able. I plan to print 10 sheets of paper that each have a piece of the puzzle to recover my cold storage wallet. It will require 7 pieces of the original 10 to recover the wallet. 6 of them get distributed to family and friends with instructions to hold onto them until I die. 4 of them are to be in the will itself, this way, the other 6 can never do anything before I actually die (not that I couldn't trust those people). Seems pretty complicated. Wouldn't it be easier to create a RAR archive containing the wallet with enough repair/recovery data, and give only part of the data to your family ? You are correct, this is more complicated than necessary (for most). But for me, it will provide a little more piece of mind. As they say, to each his own, and the OP asked about how we planned for this event. This is how I am planning. |
|
|
|
I am sure that someone will come to a solution like that the coins that have been dormant for 3 years or so, can be mined again, or distributed somehow. Not sure, just a thought
Terrible idea, what if my life savings coins are dormant for for 30 years because I'm saving them? If some coins disappear forever, the other ones get more valuable. Plus, coins are divisible into 100,000,000 units each. There are plenty of coins in circulation, they do not need to be re-mined. |
|
|
|
How do you plan to make them (un) recoverable?
Armory has (or will have soon) an awesome feature built into the paper backup system that allows an M of N recovery. Fully customize-able. I plan to print 10 sheets of paper that each have a piece of the puzzle to recover my cold storage wallet. It will require 7 pieces of the original 10 to recover the wallet. 6 of them get distributed to family and friends with instructions to hold onto them until I die. 4 of them are to be in the will itself, this way, the other 6 can never do anything before I actually die (not that I couldn't trust those people). |
|
|
|
if your not using bitcoins for crime then what is the point
Just wait, you'll see. Here is a canadian quarter for you   +1 LMFAO |
|
|
|
Article on Max's site HERE |
|
|
|
I wonder if it ever gets easier.
Let me know if you find that it does. |
|
|
|
.... ignore your gut and stick to the plan.
+1 But the little voice in my head keeps telling me otherwise . . .Must . . .Make . . . It . . . Stop |
|
|
|
|
No guts, no glory. If I see it at $20 again, I'm going all inn too. Sell everything!
|
|
|
|
|
SELL (if you bought low) SELL (if you bought low) SELL (if you bought low) SELL (if you bought low) SELL (if you bought low) SELL (if you bought low) SELL (if you bought low) SELL (if you bought low) SELL (if you bought low) SELL (if you bought low) SELL (if you bought low) SELL (if you bought low) SELL (if you bought low) SELL (if you bought low) SELL (if you bought low) SELL (if you bought low) SELL (if you bought low) SELL (if you bought low) SELL (if you bought low) SELL (if you bought low) SELL (if you bought low) SELL (if you bought low) SELL (if you bought low) SELL (if you bought low) SELL (if you bought low)
Put a little money back in your pocket and take your wife out for a nice dinner because she deserves it after watching you sit at the computer all night and eat, sleep, breathe and crap Bitcoin for the last few years.
|
|
|
|
One question I have though... you mention "private keys" in plural. Doesn't it just generate one private key? (is there a point of a wallet having more than 1 private key? I know having multiple public keys can be good because you may not want people watching your transactions)
Seems that you have been misinformed. Every public Bitcoin address has it's own individual private key. If you have a wallet with 154 public addresses, you have a wallet with 154 private keys. |
|
|
|
|
My 2 cents
Thanks for the options but . . . .
I know that my current paper backups are safe and I don't plan on writing my last will and testament for a few decades.
Take your time.
|
|
|
|
|
Show Posts
