My family members might not know what to do with a hard drive (unless it has a USB interface), and would have a much easier time with a flash drive or a CD. That might be true for most others as well.
This might be true but, 2 years ago i had important data on a flash drive stored in my bank, after 1 year it was blank. Thats why HDD is important, its physically written on the disc, very important. I have prepared in the same box a HDD docking station (HDD dock SATA) for USB, all they need is to dock the HDD and it will appear as drive on any pc (FAT format, not NTFS). As sayd, there is a text document with detailed instructions. In the worst case they would need to ask somebody familiar with IT stuff but even this shouldnt be a problem. I thought only CD/DVD is physically written, HDD stores information by magnetizing certain areas of the disk, which is actually quite similar to the flash drive. |
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well with 7M bitcions or even $7M bitcoins, I'm pretty sure the guy would have an off site backup somewhere.
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if it is for security, then why does the withdrawal amount vary from country to country?
please, i am not trying to be aggressive in these questions, i am just legitimately curious.
Well I guess each country has a different risk profile, also it not only vary by country, each user can also be different, for example a new user vs trusted user vs verified user. |
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Just print up a paper wallet, and store it in safe place, and put that in the will.
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It's for security.
Also the United States controls Japan, Japan will obey any order from the US government. So mtgox basically can be considered to be operating in the US.
But bitcoin currently is so tiny, and so far from the radar of either government, they don't really care what mtgox is doing.
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Sounds like he was doing pretty good financially, he became a 7 millionaire by just regularly buying gold coins/bars throughout his life on a regular income. He just refused to use the money to improve his life style. I imagine if someone had done the same thing with bitcoin, buying bitcoins regularly with their disposable income, he would also be pretty well off financially, given the price history of the past 3 years.
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I think basic income guarantee is a must for all societies in the future. Imagine if all of our production/research is handled by robots, and even the maintenance of the robots are handled by other robots. Basically imagine there will be zero need for human labor in the society, how would humans enjoy the fruit of these advance of technology? You would need some kind of basic income guarantee, otherwise everyone would be unemployed and starve.
This is silly. Even in such a society where robots can produce all wealth, a basic income would make no sense since everything would be basically free. Also, if you think such a basic income would make sense in such a society (and it wouldn't), why would you like to create one in the current society, where robots do obviously not produce all wealth?? I wrote in an other thread that even in a post-scarcity, robot driven economy, a basic income would not solve anything because people would buy and sell their "income right". I was wrong. Now that I think about it, a post-scarcity economy is possible if and only if robots are capable of producing themselves, so that robots can own to everyone. Post-scarcity economy must also mean that there is no scarcity of whatever provides post-scarcity, i.e. robots. A bit like what we are starting to see with 3D-printers. But when this happens, price of everything will drop like a rock and your idea of a basic income is just futile. No it probably wouldn't be free, who determines how much "free" you get versus me? there will most definitely still be currency. In current society, robots(automated machines) already produce significant portion of wealth, why not start now? you think the switch would happen suddenly? |
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Alright thanks for the posts everyone! One last question. Those of you that do use blockchain. Would you be comfortable with having say $10,000 worth of coins in your account, and be completely free of worry? In other words, do you trust the site to hold large amounts of money, and just letting it sit there as a savings if you will?  Thanks again! -Ryan No, I would not! If for no other reason then because every time their site is down for a few hours - or worse misbehave because the backend is down, I get worried that they have been hacked. They haven't, of course, and even if they had it would be *very* difficult to run with my coins because of the double encryption - but perhaps they could manage somehow to poison the javascript and get the password. Anyway, I happily use blockchain.info for everyday bitcoining, but would suffer a nervous breakdown every time the site was down if I had that kind of money in it For that, I recommend an offline wallet, for example Armory. The hacker can't access your coins, unless they obtain your password. Sure it's possible to completely hack blockchain.info and change the source code to steal passwords, but it's unlikely to happen. I believe piuk has some type of monitoring that detects malicious source code checksum change and he would be alerted almost immediately. |
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I think basic income guarantee is a must for all societies in the future. Imagine if all of our production/research is handled by robots, and even the maintenance of the robots are handled by other robots. Basically imagine there will be zero need for human labor in the society, how would humans enjoy the fruit of these advance of technology? You would need some kind of basic income guarantee, otherwise everyone would be unemployed and starve.
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I agree wit the OP that wars are fought over money, etc. and not over idealism.
However, the statement that WW3 is just around the corner seems a bit far-fetched.
1. To have a WW3, you need a willing populace. I don't see the US, the EU or Russian making a full-scale mobilization without the respective governments falling due to popular pressure. Don't forget that we also have the internet, so propaganda is just not as effective as it was 70 years ago.
2. We have been much closer to the brink of global war during the Cold War. You had proxy wars in Asia, Middle East and Africa, with two superpowers armed to the teeth facing each other and that still didn't cause a massive fracas. It's not going to happen now. Not soon at least.
Yes the internet can dispel propaganda, but not if the people themselves want war. WW3 didn't happen during the cold war, I think mostly because a large portion of the population still remembers WW2 from firsthand experience. Heck, my next door neighbor is a WW2 vet, but this generation will soon be gone. To the new generations, war is just a game, and the US has been obtaining easy victories, it will just feed on itself, the people will start to demand and support war. Those who oppose war will be labeled unpatriotic. |
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bitcoin is perfect for a lot of Asian countries, due to the presence of huge cash based and underground economy. But language is a problem, most of bitcoin resources are English or German. It'll take a lot of effort to popularize bitcoin for each culture group in Asia.
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The world won't ever need more than 8 decimal places IMO.
Right now U.S. dollars are the world's reserve currency, and there are trillions of them. But those are inflated dollars. That's 1,000,000,000,000 plus (1 followed by 12 zeros).
Have you ever heard people say candy bars used to cost a $0.05 or a gallon of gas $0.10? Now candy bars cost almost $1 and a gallon of gas about $4. That's about 2000% and 3000% inflation respectively.
If there was no inflation then the world's currency supply could be greatly reduced. Just 1 bitcoin could cover the same as $20 to $30 because bitcoins can't be inflated. That's the same as a world currency supply of about 50,000,000,000 dollars (50 billion dollars).
Actually BTC most definitely will need more than 8 decimal places in the distant future, because certain amount of bitcoin gets destroyed per year due to various factors such as carelessness. it's just that the future is so distant, there's no point worrying about it now. |
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Alright, I've got a couple of PMs from people who want to buy it, but are in banned States/Cities. Because I don't want to get in trouble with the ATF/FBI, I will not be shipping to the following States and Cities:
-Illinois
-Michigan
-New Jersey
-New York City (NY)
-Philadelphia (PA)
-Johnson City (TN)
-Washington, DC
If you live in any of these states, cities, or suburbs of these cities, I will not ship it. If you have a friend or relative that lives outside, I will gladly ship there.
You are wrong, you will not get in any trouble for shipping to these states, because federal law says BB gun is not a fire arm, and can be shipped inter-state freely. Although these states may ban unlicensed possession of BB gun, they can't do shit to you if it is legal in your state, and it is fully legal for you to ship it, if there's any legal trouble, it'll be your customer's problem, not yours. |
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It can be done, and it's not easy. I don't think you need to worry about it for the next 10 years at least.
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If time is of the essence, then use bitinstant and pay the fee. Otherwise, just wait, it can take weeks though, but it will happen.
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Alright thanks for the posts everyone! One last question. Those of you that do use blockchain. Would you be comfortable with having say $10,000 worth of coins in your account, and be completely free of worry? In other words, do you trust the site to hold large amounts of money, and just letting it sit there as a savings if you will? Thanks again! -Ryan If you utilize the two factor authentication with blockchain.info and take pre-cautions, like install a browser specificly for blockchain.info, and don't use it to visit any other site, it's almost impossible to lose your coins, unless you done something incredibly stupid. Blockchain.info don't actually hold your coins, and can't actually access your coins without your password. The only other possibility, is if blockchain.info's server got hacked and source code got changed, it's pretty rare these days for a competent website to lose control of their source code, I think I've only heard of this happening in the case of the employee of the hosting provider has done the hacking. If blockchain.info's source code got changed, then all users who login during the period can potentially lose their coins, until piuk the operator discover the hack. Again this is an extremely rare case, and would not affect you if you did not login during the time of the hack. |
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blockchain.info is the best eWallet hands down, no other comes close.
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I must say that the MMOexchange forum looks better than ogrr. I mean, just the look.
the new ogrr will be implementing the mmoexchange look as it says in the announcement. I think the problem with mmoexchange is that they are not developing needed features, while ogrr is active in development. |
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just use an online wallet like blockchain.info, then use it to send payments, the IP address would be blockchain.info's address
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lol unlimited QE, fuking ingenious
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