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1881  Other / Meta / Re: Policy on Mods accepting bribes on: August 25, 2014, 12:00:22 PM
This is a totally pointless thread with a totally pointless OP because it is already totally fair.  It is fair because the buyer can pay whatever he want to whomever he wants.  It is his money.  If the buyer of signature space wanted to pay girls more than boys they could.  If you do not like how someone runs a signature campaign then you are free to not participate.

No one is forcing you to sell signature space to them.  You do not have to sell your signature space at all.

Quit you insesant whining.
1882  Other / Beginners & Help / Re: Safest wallet on: August 25, 2014, 11:39:06 AM
now when coinbase is not so safe, i need to find better wallet..

which one would u guys recommend?
The best wallet I have found so far, for a variety of reasons, is the Trezor hardware wallet.  The "best" will cost you though - $120.

Thanks for the info, but is Trezor hardware wallet trusted?
Yes, the hardware and firmware are open source.  They are doing everything in their power to be trusted and safe.  I trust them with a large chunk of my BTC.
1883  Other / Meta / Re: Policy on Mods accepting bribes on: August 25, 2014, 05:05:47 AM
Mods can accept bribes?  Sounds great!  How do I get to be a mod then?
1884  Economy / Speculation / Re: When will bitcoin hit 252,000 USD? on: August 25, 2014, 05:00:23 AM
We should really specify 252K USD worth of 2014 $.
1 $ in 2014 is not equal to 1 $ in 1990.
That was assumed otherwise the answer is easy:  as soon as the USD falls to that level even if the market value of BTC does not change.
1885  Bitcoin / Bitcoin Technical Support / Re: Need help with key generation on: August 25, 2014, 04:51:16 AM
He already told us exactly which addresses he is going to use:  the address with private key 1 through the address with private key N where N is about 3,000,000.  So, just the first N private keys.

I see nothing unethical about that.  The probability any of those three million address have ever been used, are being used and will ever be used is an insignificant amount above zero.

More power to him.

If this is a threat to Bitcoin then it does not deserve to live.

I suggest he connect to the blockchain.info servers through their API and dump them all in a wallet there.  Set all those addresses to sweep and wait (forever) for some BTC to show up.

Electrum is not designed for this.  Use a different wallet.
1886  Bitcoin / Bitcoin Technical Support / Re: Need help with key generation on: August 25, 2014, 12:13:21 AM
My question is why do you have a massive list of private keys? I don't see any use for this other then to mine potential brain wallets hoping that someone will send funds to one of your addresses.

yeah, why?

this is a misuse of electrum...imported keys cannot be restored from seed.  defeats the point of a deterministic wallet.

It's because Electrum doesn't need the whole block chain to work (about 17GB? I have a 3mbps connection. That's gonna take a while.)
Just use a different (non deterministic) wallet.
1887  Bitcoin / Bitcoin Technical Support / Re: Need help with key generation on: August 25, 2014, 12:11:15 AM
My question is why do you have a massive list of private keys? I don't see any use for this other then to mine potential brain wallets hoping that someone will send funds to one of your addresses.

Yeah. Just a side project for a paper. I'm gonna submit my results to someone Smiley
Simply write a script to convert the file.  It is very simple.  Read in one line from the file, convert it, output the line to a different file.  Isn't that part of doing the paper?

Why didn't you put them in the correct format when you created the file in the first place?

Can't you just fix the program to correct the output and then just run it again?

1. I generated the list.
2. "Read in one line from the file, convert it, output to a different file" Oh yeah. I'm gonna try making that script (I hope I can do it on Windows)
OK if that is too difficult then
1: fix the program that is generating the addresses
2: run it again
1888  Other / Beginners & Help / Re: How to buy bit coins. on: August 25, 2014, 12:10:13 AM
An easiest way to buy bitcoin is you must registered on website that sell bitcoin like bitcoin.co.id
you can buy bitcoin there and deposit your bitcoin in other place like pbmining.com or ceo.ix
hopefully you can get a lot of bitcoin in there ...
Worst advice ever.
1889  Bitcoin / Bitcoin Technical Support / Re: Need help with key generation on: August 25, 2014, 12:06:26 AM
My question is why do you have a massive list of private keys? I don't see any use for this other then to mine potential brain wallets hoping that someone will send funds to one of your addresses.

Yeah. Just a side project for a paper. I'm gonna submit my results to someone Smiley
Simply write a script to convert the file.  It is very simple.  Read in one line from the file, convert it, output the line to a different file.  Isn't that part of doing the paper?

Why didn't you put them in the correct format when you created the file in the first place?

Can't you just fix the program to correct the output and then just run it again?

It is only 3 million lines of output so it cannot take that long to run again.
1890  Bitcoin / Development & Technical Discussion / Re: A suggestion to make Bitcoin better on: August 24, 2014, 11:12:38 PM
Setting up a Bitcoin address as "your" Bitcoin address or "account" is a very bad idea.  You should be using a different Bitcoin address for every single transaction.  That is, every time you want someone to send you BTC you should generate a brand new, never been used Bitcoin address for them to use to send you BTC and every time you send someone BTC you should ask for a brand new, never been used address to use to send them BTC.

Rather than go into details I will let you know that someone has just done kind of what you are asking for here:

https://bitcointalk.org/index.php?topic=755051.0

I went into a lot more detail in that thread as to why address reuse is a bad idea.  All my comments there apply equally well here.
1891  Economy / Speculation / Re: When will bitcoin hit 252,000 USD? on: August 24, 2014, 11:01:45 PM
Can you list your assumptions?  For starters, are you assuming constant power production and constant power price?  Because neither of those will hold whatsoever on the timescales you're talking about.
It is not a perfect model by any means that is why I called it "rough 'back of the envelope' estimates" .  All values static and based on "today's" numbers:

https://bitcointalk.org/index.php?topic=694401.0

The rising worldwide power production will "help" us use a lower percentage of the overall power production.
The rising cost of power will "help" us use less power.
1892  Economy / Service Announcements / Re: Like DNS for your wallet address - wantsBTC.com on: August 24, 2014, 10:42:41 PM
That is a clever web site and a clever idea.

But, it is a very bad idea because it encourages address reuse, reduces privacy of the entire Bitcoin system, will eventually damage the fungibility of Bitcoin and damages the long term viability of the entire Bitcoin idea.  Here is why:

https://bitcointalk.org/index.php?topic=750951.msg8483881#msg8483881

(And also note that publishing a signature like this also publishes your public key reducing security the same amount as sending a transaction does.)

If you care about the long term viability of the entire Bitcoin project/concept then please read my previous posts on this subject.  For example:

https://bitcointalk.org/index.php?topic=744300.msg8418328#msg8418328

This thread:

https://bitcointalk.org/index.php?topic=731384.0

Specifically:

https://bitcointalk.org/index.php?topic=731384.msg8265615#msg8265615
https://bitcointalk.org/index.php?topic=731384.msg8265712#msg8265712
https://bitcointalk.org/index.php?topic=731384.msg8266003#msg8266003
https://bitcointalk.org/index.php?topic=731384.msg8266163#msg8266163

Everyone should be using a different Bitcoin address every single time they receive BTC including periodic payments such as mining income.  Everyone should be asking for a brand new address every time they send BTC to someone else.  If the site/vendor/organization wants your BTC then giving you a unique address every time you send them BTC is not too much to ask.  This is just the baseline good Bitcoin citizen behaviour.  If you really want to go above this baseline "good manners" and help correct the issues caused by those with lax privacy standards then mix your coins whenevery you get the chance.

If you are going to do this (reuse a public address) then never spend coins directly from your public reused address.  Mix them first.
1893  Other / Beginners & Help / Re: What if someone generates the same address/key as you? on: August 24, 2014, 08:54:56 PM
These have all been answered a million times before but I am in a good mood.  Next time try the search function please.
First of all, does every public key have a corresponding private key or can more than one public key correspond to just one private key?
Every public key is calculated directly from its corresponding private key.  There are slightly less than 2256 possible public/private key pairs.

Could you not generate the same key as someone else by fluke?
There are so many possible key pairs that it is, for all practical purposes, impossible to randomly generate any one of the key pairs that has been generated before.  Your next thought is "well is it possible, right?"  the next answer is "it is impossible for the human brain to begin to comprehend how large the number 2256 is, yes it may be mathematically possible but it is practically impossible given the lifetime of the universe, etc."

BTW there is a difference between a public key and a Bitcoin addresss.

There are only 2160 possible Bitcoin addresses so for every Bitcoin address there are, on average, 296 matching key pairs.  But have no fear.  It is still, for all practical purposes, given good random number generation, impossible to generate the same Bitcoin address twice even though there are "only" 2160 possible Bitcoin addresses.

What happens if someone sends bitcoins to this key?
I am not going to answer that because it is not going to happen.
1894  Other / Beginners & Help / Re: How to buy bit coins. on: August 24, 2014, 08:44:43 PM
I have sold many BTC to people under 18 through localbitcoins.com in face-to-face in person cash for BTC trades.  They have all been nice kids. 

Just find a seller with a good reputation in your area and meet them at a coffee shop or other public place.  Have a nice chat and meet a fellow bitcoiner!
1895  Other / Beginners & Help / Re: Safest wallet on: August 24, 2014, 08:38:28 PM
now when coinbase is not so safe, i need to find better wallet..

which one would u guys recommend?
The best wallet I have found so far, for a variety of reasons, is the Trezor hardware wallet.  The "best" will cost you though - $120.
1896  Economy / Service Discussion / Re: BTC stolen from PC wallet on: August 24, 2014, 08:34:59 PM
The basic idea of the Trezor is that the private keys never leave the device and cannot be read from the device.  So as stated above the trezor is your second "offline" computer.  It keeps your private keys very private and untouchable and it signs the transactions with those private keys. Another nice thing is that once you backup the Trezor seed (and keep it very, very safe) you never have to do another backup.
1897  Economy / Service Discussion / Re: BTC stolen from PC wallet on: August 24, 2014, 06:44:48 PM
Or it was just a keylogger. This is typically the cause of these kinds of thefts.
Who knows. Do I have to delete this wallet and set new one? I am afraid setting new psswd is not enough. ..
If it was a keylogger, that will not do.  As I understand, the safest is to use a separate computer, not connected to the internet, to store your wallet and sign transactions.

A Trezor may be just as good, although you must be careful when updating its firmware.


Yes .. I decide to do it like this. Change passwd to 24 letters. Move wallet do other location and connect to Inet only when I will want to use it.....this was a little bit expensive lesson.
The Trezor is only $120.  I have several.  Great hardware wallet.  Safe from a lot of the "run of the mill" attacks.  Nothing is perfect but it is very safe and will be getting even safer as time goes on.
1898  Other / Meta / Re: Bitcoin 2.0 on: August 24, 2014, 06:39:53 PM
What term would those who dislike the term "Bitcoin 2.0" suggest to account for projects which use blockchain technology but us it to facilitate different services than Bitcoin does? Examples for those services would be: Decentralized lottery, decentralized predictions markets etc.
Why not call them what they are:  enhancements and extentions to Bitcoin.

I like "bolt ons"

If you must have a snazy maketing term then possibly "Next Gen" , "G2", etc.

https://bitcointalk.org/index.php?topic=752221.msg8500197#msg8500197

Just not "Bitcoin 2.0" since that indicates the next version of the actual Bitcoin protocol - and has been stated many times in this thread we have not even released "Bitcoin 1.0" yet, we are still in the beta phase at "Bitcion 0.9"
1899  Bitcoin / Mining speculation / Re: Can someone do a little maths for me please on: August 24, 2014, 06:32:36 PM
0.0635 for the first week
About 0.45 total.

I mis read it first time around

So it should make 0.0635 a week i get that but what is the total mean ?
Yes the estimate is 0.0635 the first week, unless it takes you a few weeks to get it then you will make less for your first week.

Then every week you will make less and less.  You are already a miner so you know this, nothing new.

The 0.45 total is an estimate of the total BTC the device will make over its entire useful life.

So basically if you pay more than 0.45 BTC for the device you will probably lose money.

And note that these numbers assume your electricity is free.  If you have to pay for electricity then you would have to take that into account also.
1900  Bitcoin / Mining speculation / Re: Can someone do a little maths for me please on: August 24, 2014, 05:52:38 PM
0.0635 for the first week
About 0.45 total.
Probably not what he wanted to hear.
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