what i meant was your encrypted email is kept on the servers of your email provider, not your isp, unless your isp is your email provider
what do you think of GoDaddy? I had GoDaddy account, but had to close it due to downtime and tech support incompetence. My personal view is that company is useless. There is a detailed post by Vladimir about backing up your wallet: https://www.bitcoin.org/smf/index.php?topic=5194.msg75733What I personally do is use cascade encryption. Truecrypt has a way of encrypting data with three algorithms. If data is encrypted you can keep it anywhere. The only problem then becomes retrieving it and that's up to you and your imagination where to store it. I keep a copy of my encrypted wallet on a few of my computers, dropbox, gmail, few friends have usb sticks that i gave them and few other places that I would not want to reveal. Now I know, that whatever happens, I'll still be able to retrieve my keys from at least one of these places. Also, I think good practice is to use different keys for your everyday transactions and keeping bigger amounts - like having current and savings account. This is the philosophy of a paranoid man, but it's better be safe than sorry i use Truecrypt with 3 cascades as well. i know your paranoia. i had to laugh at one guy here lamenting how he is backing up his wallet multiple times on multiple computers everyday with 15 character passwords as the price of btc keeps going up. i'm doing the same thing as are you. this is crazy. again though, don't you have to back up all those copies from time to time? whats the ideal interval or does it even matter? sorry, i actually mean "update" those backups from time to time? |
|
|
|
what i meant was your encrypted email is kept on the servers of your email provider, not your isp, unless your isp is your email provider
what do you think of GoDaddy? I had GoDaddy account, but had to close it due to downtime and tech support incompetence. My personal view is that company is useless. There is a detailed post by Vladimir about backing up your wallet: https://www.bitcoin.org/smf/index.php?topic=5194.msg75733What I personally do is use cascade encryption. Truecrypt has a way of encrypting data with three algorithms. If data is encrypted you can keep it anywhere. The only problem then becomes retrieving it and that's up to you and your imagination where to store it. I keep a copy of my encrypted wallet on a few of my computers, dropbox, gmail, few friends have usb sticks that i gave them and few other places that I would not want to reveal. Now I know, that whatever happens, I'll still be able to retrieve my keys from at least one of these places. Also, I think good practice is to use different keys for your everyday transactions and keeping bigger amounts - like having current and savings account. This is the philosophy of a paranoid man, but it's better be safe than sorry i use Truecrypt with 3 cascades as well. i know your paranoia. i had to laugh at one guy here lamenting how he is backing up his wallet multiple times on multiple computers everyday with 15 character passwords as the price of btc keeps going up. i'm doing the same thing as are you. this is crazy. again though, don't you have to back up all those copies from time to time? whats the ideal interval or does it even matter? |
|
|
|
what i meant was your encrypted email is kept on the servers of your email provider, not your isp, unless your isp is your email provider
what do you think of GoDaddy? |
|
|
|
how does one create a 2nd wallet for spending?
If you move wallet.dat out of it's folder a new empty wallet is created automatically. but then u can't send btc to that 2nd wallet from the 1st wallet on the same computer. my goal is to save the majority of my btc on a flash drive in my safe and not have to pull it out for several months. then i'd have a 2nd wallet with spending money on my computer. should i just send the btc to a client on another computer? is the wallet.dat file interchangeable btwn mac and pc clients? |
|
|
|
encripted in e-mail attach
that would mean the encrypted wallet would reside on my ISP's server. would i really want to leave it there? Depends what email you use why? which ISP's do u consider unsafe? |
|
|
|
encripted in e-mail attach
that would mean the encrypted wallet would reside on my ISP's server. would i really want to leave it there? |
|
|
|
The blue markers represent the Bitcoin block bounty going to every mining rig currently running and what happens to that reward as new capacity is added to the network. Shouldn't the total network bounty remain the same, only divided into smaller pieces? One caveat, I haven't even touched fees with this. Frankly, I don't quite know how to deal with fees, but one possibility stands out. It may be better to buy Bitcoins now instead of investing in rigs... Then take a portion of the fortunes you earned through Bitcoin appreciation to get back into mining in earnest once things start to turn around mid 2013... I think the whole fees thing will work itself out to keep the most efficient miners marginally profitable. The two big questions in my mind, however, are 1) what kind of discontinuity will happen at block 210000, and 2) will the hash rate always remain above what is necessary to prevent hostile takeover of the network? I'm more interested in seeing Bitcoin succeed as an alternative currency than I am in making obscene profits, so I will continue to mine and then sell those coins at the prevailing market rate rather than hoard them. Yes, the total network bounty remains the same. The graph only shows the portion of that bounty earned by mining nodes currently running. It is intended to show how that portion declines as a result of network growth. I would rather characterize what happens at block 210000 as a disturbance rather than a discontinuity. What I expect to happen is an ultimate shakeout of less profitable miners. This is not necessarily a bad thing, I suspect it may result in a seachange form GPU mining to FPGA/ASIC mining and a re-adjustment of the market. As far as network security goes—this example, taken to it's extreme, shows a network hashing power of about 3,000 times the current capacity by January 2013. The important question I was really trying to answer though is, what happens to the relationship between hashing power and price once the block bounty is halved? That answer seems to be that price begins to overtake network growth until a new equilibrium is reached. This is not a bad thing as far as long-term network security goes... Relative growth may stall temporarily as the market re-adjusts, but as soon as people start to believe in a new, faster rate of $/BTC growth (mid 2013?) then a new mining gold-rush will take off... how in the world can u assume that rate of increase in $/BTC? |
|
|
|
never mind JAV; those two .01 btc confirmed  |
|
|
|
Oh, I'm still alive and kicking.  Yeah, still have them, though like was said, it would not be possible to sell them all at once and become an instant millionaire. No one is going to buy that many at once. I have kept my client running 24/7 since then though, managed to generate a bit more before the collective mining groups took over  Without the massive server farm I had going before, I'm just down to my personal desktop, so it's never gotten over the 371k since. I do keep many, many backups though just in case  from someone who has alot of btc to lose from a hacker; do u keep a separate client and wallet online with minimal to no btc in it? if so, how do i split off a separate wallet as well? Yes, the wallet file sits a (2) CD-R and (1) flash drive (was just curious how long that flash drive would stay good) in a safe deposit box at the local bank. The wallet file on my PC is not the same one that has all the BTC in it for security reasons. While it is fun to fantasize about being rich, I know realistically, the BTC would work better as a monthly paycheck than a lotto ticket. what about updating those wallets? doesn't this have to be done from time to time? |
|
|
|
Oh, I'm still alive and kicking. Yeah, still have them, though like was said, it would not be possible to sell them all at once and become an instant millionaire. No one is going to buy that many at once. I have kept my client running 24/7 since then though, managed to generate a bit more before the collective mining groups took over Without the massive server farm I had going before, I'm just down to my personal desktop, so it's never gotten over the 371k since. I do keep many, many backups though just in case from someone who has alot of btc to lose from a hacker; do u keep a separate client and wallet online with minimal to no btc in it? if so, how do i split off a separate wallet as well? Yes, the wallet file sits a (2) CD-R and (1) flash drive (was just curious how long that flash drive would stay good) in a safe deposit box at the local bank. The wallet file on my PC is not the same one that has all the BTC in it for security reasons. While it is fun to fantasize about being rich, I know realistically, the BTC would work better as a monthly paycheck than a lotto ticket. how does one create a 2nd wallet for spending? |
|
|
|
I think to an extent it's our own fault - we treat MtGox as the primary exchange for *all* currencies, though it only handles USD. During the recent rally we were calling GBP parity based on the GBP/USD rate and the MtGox USD rate: we were ignoring the GBP exchanges.
I'm tempted to mention bitcoin-otc, but that, of course is (a) an over-the-counter system, not an exchange, and (b) is also somewhat centralised (one website, one IRC server - correct me if I'm wrong). Could bitcoin-otc, or something similar, function on Diaspora? My thinking is, and I've used Diaspora for all of 30 seconds, is that we sign up to various decentralised Diaspora pods (multiple pods mean that the system can't be taken down simply by taking down one pod/server in one jurisdiction) and then create an "aspect" for trading bitcoins, and friend (I think Diaspora calls it "sharing") other bitcoin traders.
This doesn't solve the decentralised exchange issue, but does create a decentralised platform for bitcoin trading.
...or am I just providing a solution to a problem that doesn't yet exist?
check out Ubitex, Cuddlefish's project Hmm, interesting. Not quite the same though: there's nothing to suggest it's decentralised at the server level, so in that respect it sounds quite similar to bitcoin-otc except that trades take place locally. At the moment with bitcoin-otc I can trade with anyone who can access a UK bank account. My concern isn't about availability of OTC trades, it's more about the centralised nature of bitcoin-otc. Edit: Thread on Ubitex. no, they are going to move the exchange to Tor/I2P |
|
|
|
Another concern: If someone uses an anonymizer agent like Tor, how will your "recognition" system work? It could be that it will identify the user based on the exit point, which would be a serious problem as it's likely that eventually two users will have the same exit point.
The recognition system works with cookies. Cookies are stored locally by your browser, so as long as your are using the same browser to come back to the website, it doesn't matter whether you use Tor or not. I'm a bit worried that I might put money into a wallet and then lose the address. Hypothetically, if I were able to tell you the exact balance of a wallet (and that balance were something unique like 142.41305), would you be able to send me a link?
I'm sorry, but I would probably not want to that, no. Remember, Bitcoin transactions are public. Somebody else might - maybe with some additional clues - figure out that some Bitcoin address belongs to Instawallet and can just look up the balance on blockexplorer.com. I guess it would be ok if you would tell me the correct balance plus the last couple of characters from your secret link. Just write that down somewhere, to be safe. well, i'm having problems with it. easy to get 2 send tx's into instawallet of .01 btc each but now can't get them out. instawallet shows balance of zero, my btc wallet shows 2 deposits of +.01 however they are greyed out and have 0 confirms. have contacted JAV but have yet to get this fixed.
Please give this at least 24h to sort itself out. If you quickly send coins back in forth, then these transactions look very "spammy" to the Bitcoin network and can potentially take a long time to be confirmed. How does the address allocation work for this?
I sent 0.02 btc to the generated address at instawallet, works okay.
Then I sent those 0.02 btc back to another bitcoin client. When I return to instawallet page a new receiving address has been generated, why does it do that?
What happens if I now receive a payment at the old address that I was allocated first, who has control of that?
Every Bitcoin address you ever saw on your Instawallet page will always be yours and you can still receive payments there. asdf explained it right: You have one specific Instawallet URL, which is tied to an account in the Bitcoin wallet. The Bitcoin daemon automatically assigns a fresh Bitcoin address to an account once it receives or sends out a transaction. The old ones continue to be associated with that account though, so they will still work. It's kind of an un-intended side effect of using the account feature right now. I can understand how it can be confusing that the addresses change from time to time and I will probably soon put code in that will just keep the address static. But for now: Don't worry about changing Bitcoin addresses, they are still all tied to your Instawallet URL. JAV, how long do i have to wait? i had my client connected all afternoon yesterday w/o any effect. my client show the 2 receives of .01 btc greyed out; what does that mean? |
|
|
|
Seems like we really need a decentralized exchange.
Yes, we do really need that. What's the point of having a p2p currency if we have to rely on centralized server to exchange it with other currencies. We need a p2p forex market for btc. Who's up for this? I think to an extent it's our own fault - we treat MtGox as the primary exchange for *all* currencies, though it only handles USD. During the recent rally we were calling GBP parity based on the GBP/USD rate and the MtGox USD rate: we were ignoring the GBP exchanges. I'm tempted to mention bitcoin-otc, but that, of course is (a) an over-the-counter system, not an exchange, and (b) is also somewhat centralised (one website, one IRC server - correct me if I'm wrong). Could bitcoin-otc, or something similar, function on Diaspora? My thinking is, and I've used Diaspora for all of 30 seconds, is that we sign up to various decentralised Diaspora pods (multiple pods mean that the system can't be taken down simply by taking down one pod/server in one jurisdiction) and then create an "aspect" for trading bitcoins, and friend (I think Diaspora calls it "sharing") other bitcoin traders. This doesn't solve the decentralised exchange issue, but does create a decentralised platform for bitcoin trading. ...or am I just providing a solution to a problem that doesn't yet exist? check out Ubitex, Cuddlefish's project |
|
|
|
Another concern: If someone uses an anonymizer agent like Tor, how will your "recognition" system work? It could be that it will identify the user based on the exit point, which would be a serious problem as it's likely that eventually two users will have the same exit point.
The recognition system works with cookies. Cookies are stored locally by your browser, so as long as your are using the same browser to come back to the website, it doesn't matter whether you use Tor or not. I'm a bit worried that I might put money into a wallet and then lose the address. Hypothetically, if I were able to tell you the exact balance of a wallet (and that balance were something unique like 142.41305), would you be able to send me a link?
I'm sorry, but I would probably not want to that, no. Remember, Bitcoin transactions are public. Somebody else might - maybe with some additional clues - figure out that some Bitcoin address belongs to Instawallet and can just look up the balance on blockexplorer.com. I guess it would be ok if you would tell me the correct balance plus the last couple of characters from your secret link. Just write that down somewhere, to be safe. well, i'm having problems with it. easy to get 2 send tx's into instawallet of .01 btc each but now can't get them out. instawallet shows balance of zero, my btc wallet shows 2 deposits of +.01 however they are greyed out and have 0 confirms. have contacted JAV but have yet to get this fixed.
Please give this at least 24h to sort itself out. If you quickly send coins back in forth, then these transactions look very "spammy" to the Bitcoin network and can potentially take a long time to be confirmed. How does the address allocation work for this?
I sent 0.02 btc to the generated address at instawallet, works okay.
Then I sent those 0.02 btc back to another bitcoin client. When I return to instawallet page a new receiving address has been generated, why does it do that?
What happens if I now receive a payment at the old address that I was allocated first, who has control of that?
Every Bitcoin address you ever saw on your Instawallet page will always be yours and you can still receive payments there. asdf explained it right: You have one specific Instawallet URL, which is tied to an account in the Bitcoin wallet. The Bitcoin daemon automatically assigns a fresh Bitcoin address to an account once it receives or sends out a transaction. The old ones continue to be associated with that account though, so they will still work. It's kind of an un-intended side effect of using the account feature right now. I can understand how it can be confusing that the addresses change from time to time and I will probably soon put code in that will just keep the address static. But for now: Don't worry about changing Bitcoin addresses, they are still all tied to your Instawallet URL. JAV, how long do i have to wait? i had my client connected all afternoon yesterday w/o any effect. |
|
|
|
cypherdoc: wait a few minutes and make sure it's really a problem.
Another concern: If someone uses an anonymizer agent like Tor, how will your "recognition" system work? It could be that it will identify the user based on the exit point, which would be a serious problem as it's likely that eventually two users will have the same exit point.
i've been waiting all day nervously watching my wallet balance. no, they're not confirming and the receives are greyed out. |
|
|
|
|
well, i'm having problems with it. easy to get 2 send tx's into instawallet of .01 btc each but now can't get them out. instawallet shows balance of zero, my btc wallet shows 2 deposits of +.01 however they are greyed out and have 0 confirms. have contacted JAV but have yet to get this fixed.
|
|
|
|
Aaand we're sold out!
WAY TO GO! Good luck guys. |
|
|
|
|
Nefario, would u be willing to Skype me thru setting up the client for Ubitex?
|
|
|
|
Why must a block chain be geographically limited?
The idea would be to give it some sense, some "human readable" sense, instead of having Block Chain 1, Block Chain 2(...), as well as some "limitation" on the accepted or recognized chains. There already is a limitation on chains I accept: the longest one. period. That's OK... taken 99,9999999999(...)% of the planet still accepts none at all, not even that "longest one". The idea of split block chains must be on the table, it allows BTC to be more resistant and more usable, specially this last feature, as BTC has no use whatsoever. I'd that one 1btc host that after tomorrow I'll not renewal. The reason? The host is ok for 1UD/mo, but suddenly became way too expensive as it tripled its value due to BTC. So, how do intend to conduct business with such volatility on the currency? Yes, the currency is volatile. But how does making 6 more out of them (making them smaller and even more volatile) solve the problem? its only volatile now b/c its so new. and the definition of volatility is somewhat suspect b/c its been only going in one direction: up. this is what we would expect. as time goes on and the currency production flattens, so will the volatility. it will eventually find a stable equilibrium. i think proposals like this are generated mainly from fear of not having gotten in at the ground floor. i would NOT favor introduction of other block chains. we have enough to deal with and protect with just one. |
|
|
|
Oh, I'm still alive and kicking. Yeah, still have them, though like was said, it would not be possible to sell them all at once and become an instant millionaire. No one is going to buy that many at once. I have kept my client running 24/7 since then though, managed to generate a bit more before the collective mining groups took over Without the massive server farm I had going before, I'm just down to my personal desktop, so it's never gotten over the 371k since. I do keep many, many backups though just in case from someone who has alot of btc to lose from a hacker; do u keep a separate client and wallet online with minimal to no btc in it? if so, how do i split off a separate wallet as well? |
|
|
|
|
Show Posts
