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If litecoin goes below $8 I stop mining and start buying.
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He should have saved a slice, have it bronzed and preserved in a glass box.  |
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This Chinese proverb I found on Wikiquote seems apt.
风向转变时,有人筑墙,有人造风车
When the wind of change blows, some build walls, while others build windmills.
Nice. |
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I think it is very strange too.
First of all why would China let bitcoin get so far before waving the ban hammer around. It's not like any of the bitcoin companies are independent of government elements anyway.
Secondly, why do it in two goes. First they banned banks and financial institutes from dealing in bitcoins, then they banned 3rd party payment processors from dealing with exchanges, two weeks after the first ban.
Thirdly, it's sounds to me like these decisions are all made by the PBOC, haphazardly, It just feels to me like the central bank and the state are not taking the same stance on bitcoin. It feels like the bankers are trying to protect their interests while the people want bitcoin.
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All the Bitcoin chinese exchangers will be closed until January 30.
BTC China is forced to close its business after China gov clarifies that all financial companies including "exchangers" must stop accepting Bitcoin.
MTGox is almost dead too. The withdrawals are taking months.
The market will face big changes. BTC-e seems to be on top now after MTGox and BTC China collapse.
I doubt that BTC-e has enough reserves to cover the massive sells that it will come after BTC China will close.
When Google was restricted in china, it was not the end of the road for Google. They are still the dominant in search market across the globe, where Baidu dominate only in China. Even if the Chinese completely ban bitcoin, that wont be the end of road for Bitcoin in general. They'll probably have a MaoCoin and we will continue to use bitcoin. Now stop speculating and start donating me in the address below I have the same thought too about Maocoin (since Chinacoin is already taken), although I don't see why they would want to do that since they can't really control a truely decentralised currency, unless.... they want one they can pre-mine first before letting it lose in the wild. I am keeping an eye out for one though. |
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I heard the Illuminati blackmailed the President of China to tank exchange rates so the Bilderburg Group could buy enough coins to 51% attack Area 51 and free Zaphod Beeblebrox from his carbonite prison.
Almost right, the president of china is a member of the illuminati No, we didn't allow him to join our organization. Didn't you get the memo? |
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It sounds like he created the transaction using brainwallet.org from a brain wallet address to the payee address without a change address. So there is 20.199BTC input and 0.05271705 BTC output. https://en.bitcoin.it/wiki/Transactions#OutputAny input bitcoins not redeemed in an output is considered a transaction fee; whoever generates the block will get it. |
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This guy really really really really..... really wanted his lottery ticket really, really quickly. |
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Do NOT use brain wallet. (This is when you use HASH(your favorite passphrase) as the private key to the bitcoin address) There are people with massive rainbow tables listening on the network.
Personally I have my coins in several different places.
Cold wallets: Funds spread across 10 different addresses, this is so that none of them look too big and attract attention, and if there was something wrong with my random numbers hopefully not all 10 addresses will be compromised. Generated offline on a linux live CD. Printed out (2 copies), sealed in envelops and kept in 2 different places. Printer used for the process was disconnected and powered off afterwards, and left for several days before being used again.
Warm wallets: Funds spread between 2 wallets on different machines, each encrypted with a different passphrase. 1 machine behind a NAT router, the other behind 2 NAT routers.
Hot wallets, bitcoins for spending: Blockchain.info wallet
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How is C++ a scripting language? Also, please add assembly.  |
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Oh boy. 0.01369493 BTC already.
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I was going to vote 50% but then I saw it was only in BTC not all of crypto.  |
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"You really have to stretch your imagination to infer what the intrinsic value of Bitcoin is. I haven't been able to do it."
For many years, Greenspan was paid to stretch his imagination to infer the intrinsic value of debt based money.
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i just put my order in for 10000 at a $1 each i wanna be in the valdamer club too!!!!
I assume that many are doing the same at $2, $5 and $10. |
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If everyone thought like that, crashes would be much rarer.
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That's right. It will look good on Bank of America when bitcoin hits the target. They will then revise the target price higher.
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Hi Dafar, - Do not entrust your money with a single exchange. Use multiple exchanges.
- Do not keep unnecessarily high amount of funds on exchange.
- Do not buy all at once. Do not fly into the sell side. (As an investor I don't mind if you do.)
- Do not sell all at once. Do not fly into the buy side. (As an investor I hope you don't.)
- Do it in stages, and time it well, preferably at dips.
- Keep a reserve for buying in at flash crashes.
Best of luck |
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It's impossible to send them to an invalid address, BUT it's entirely possible to send them to an address for which no one has the key.
Take for example: 1BitcoinEaterAddressDontSendf59kuE
Check it out on blockchain. If you can brute force the private key, the coins are yours. Is it impossible? Theoretically, no, but practically...
Let's say you had a super computer that was guessing 999 trillion keys per second. It would take you 3.5 billion years to exhaust just 10% of the keyspace, which means in 3.5 billion years you would have a 10% chance of having guessed the key. Good luck with those odds!
Watch that address. If you see someone spending its outputs, it is probably time to get out of bitcoin. |
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In the process of making a website, http://www.goldvsbitcoin.comStill adding the basics (e.g. the actual prices aren't displayed anywhere yet... working on it) Your site looks good. Looking forward to the prices. Also: Gold: supply not capped. Creation through nuclear transmutation already achievable through current technology. (so there's only the economic practicality left to sort out) Bitcoin: supply capped to 21 million. Creation other than from mining reward practically impossible. |
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