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I do not think bitcoin is undervalued and I have good reason to think so.
Every moment of every day all over the world people are buying and selling at the exchanges. Anyone of us could ask for any price but if you chose a price above the market valuation then nobody is going to buy from you. That is because the price decided by the market is the fairest price and should be considered the "real" price. If a person's opinion is that bitcoins are undervalued then it is only their opinion and has no relationship to the actual market forces. So the value of a bitcoin is what others will pay for it. Not what we wish they would pay or what we think they should pay, what they will actually pay.
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I am banning bitcoin!By my order you must stop using BTC right now. Destroy your wallets and never mention this bitcoin stuff again! Although I have no way of knowing who has what, I demand it!did it work? Did you delete your wallet? That is how I think a ban will go. 
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I would add that our identities are not really the issue. Few attackers want our identities. They want our money!
Obtaining an identity is just a step in stealing money. If you use bitcoin then stealing your identity will not help the attacker get your coins.*
*well, ok maybe it is part of a sophisticated fishing attack or something. Never say never in the hacking community.
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NO, no I am not.
One of the reasons bitcoin is superior to other systems is the decoupling of identity and wealth. If you were to break into a typical Amazon account you could steal from that person. You would have their personal information and more importantly their credit card number, exp date and CSV number. That is all an attacker needs. If instead you broke into my Overstock.com account you could see some personal information and what I bought, but that is it. Because I only use bitcoin, there is no information that will allow you to take a Satoshi from me.
As far as I'm concerned the days of putting financial and personal information online are over forever.
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No. If that could be done then none of us would own bitcoin.
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By 2013 was used to crashes. The 2010 crash was new and unnerving, but after than I learned to look at facts rather than emotion. I think this is just the start.
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Is there any plan to implement the 2MB block size increase as promised by some Core representative agreed in the Hong Kong meeting?
A implementation was not promised and the people who were at the Hong Kong meeting are not Core representatives. They can and have only represented themselves. Learn the difference. Double quoted for emphasis! There is no bitcoin inc. or official anything. It is one of the most important features of bitcoin. NO ONE HAS MORE POWER THAN YOU DO. It is the choices of bitcoin's many users who decide what will be adopted. not a few guys in a meeting. You may be thinking of dollars and traditional banking. In that case you decide nothing. You are a "little man" and only a rich person is wise enough to make decisions about your money. |
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If hell freezes over? Unless hell takes bitcoin, then I would spend them there.
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I've been looking around the internet trying to find were I can buy alpaca socks with BTCBTC but I found it quite challenging actually... I found the 'original' company who started doing it years ago has gone 404 for the most part.
Where have you gotten your alpaca socks from? Do you like them?
Here's the original site, where I got mine from: http://www.grasshillalpacas.com/alpacaproductsforbitcoinoffer.htmlThey're warm, high quality socks and are great for cold weather camping/backpacking! That is where I have bought socks also. There is also a note at the site now: June 12, 2016 Update:
I am relaunching our bitcoin store (and will also be accepting Ether), so please check back soon! |
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I'm confused, which account was hacked, your bitcoin wallet or your user account here? Because it seems like both would need to be compromised.
The person who got the loan claims someone has hacked his bitcointalk account and was asking for loans (and everyone one of us know that's a bullshit  ) Oh, and he supposedly listed his own (the attackers) address? Ok. Well I just don't get why people loan out their bitcoin when it is almost always a scam. If someone can't/won't provide collateral then why on Earth should you expect to get your money back? Hell, my terms are worse than the bank. I would demand a property deed for a $100 loan. Feel free to walk away then, I'll put your home on the market the next day. |
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Who would use state money when they could use global money? It just wont compete. Ask Canada about that. When they held a contest called "what would you buy with mintchip" (their alt-coin) the #1 answer was "I would buy bitcoin!" So they ended the contest and awarded a runner up the prize.
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I'm confused, which account was hacked, your bitcoin wallet or your user account here? Because it seems like both would need to be compromised.
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Have you ever given a person you don't know $3,400? That is the problem, it's not you. It is because the many people who asked for a loan before. Most turned out to be scams.
If you really want a loan you should offer "secured collateral". For example if you offered the deed to a house or a car trust would not be an issue because if you ran away the lender would get your home or car. You will find that the lenders here are no different than a bank.
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As a side note, I think there is a lot of manipulation in most markets. We would probably all cry if we knew the truth about our 401k.
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I'll try checking this out when I'm there later in the summer. I have some pirate party contacts in Iceland and an agenda to open up the country to BTC love.  |
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what will happen if two persons use the same "recovery phrase" ?
They will both have access to the same bitcoins. Depending on what wallet they are using and how well it deals with multiple concurrent instances, they will probably experience a lot of confusion and messed up transactions that are rejected as "double-spend attempt". Yikes, What a mess that would be for the operator. I would not want to be responsible for such a system. |
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Any Evidence?
It should be up to those trying to claim that western exchanges are legit to prove that they are (so far I've seen no proof at all). Proof is a rare thing here.  I would guess that some exchanges are doing what they can to manipulate their trades. It is harder to believe in a conspiracy between lots of exchanges. And impossible to believe in a massive conspiracy between all mines, as stated in the original post. |
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Ok, I'm now prepared for you to panic hugely. Go ahead.
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