multibit/electrum/mycelium are server linked wallets (lite wallets) where the server is synced up to the latest network data.
and you keep the private key.. but dont have to worry about being synced up yourself

coinbase/xapo/circle are web services (webwallets) where they are all synced up
and you are literally handing them the private key and using them to handle transactions on your behalf.

the downside of not having the full network data is that you are not part of securing bitcoin. you are just a bitcoin user.
it depends on how often you use bitcoin. and how deeply you want to be involved in it. and how much control, or ease of use you want, which will help you make your choice of what you use to transact with.

the downside of using a lite/web wallet is that if their server goes down. your left in limbo. atleast with lite wallets you can move the key to another wallet service/software when it happens.

the downside of webwallets. they have your keys. they could at some point just take your funds and pretend it was a hack. leaving you with nothing.

dont use webwallets as long term store. just use it as a temporary use within the hour to move funds.. generally stick away from web wallets

bitcoin core is not a bank and doesnt have a call centre
it is just a piece of software.

your bitcoin is not actually transfering from a single central service to another service. bitcoins are on the network every service sits around.
so
go to blockchain.info(a network transaction explorer) and type the transaction ID(TXID) into the search box to see if it shows the amount in bitcoin in green or red square.
if green then it is indeed confirmed to be in the destination. so you can relax..
if red then its not yet confirmed.
but circle seemed to have already checked the network for you, to say its confirmed. but still worth checking yourself to ease your mind.

as for using core. it takes a while for your computer to get all the 7 years worth of data of the network to then see the most recent data (which includes your recent transaction).
so you have to leave bitcoin core open for it to 'sync'

down at the bottom of core, you will see it tell you how far behind/out of sync it is and how much it has to go before being uptodate.

this does not mean the funds are in limo. all it means is that bitcoin core doesnt/cannot see the recent transaction yet to show it within bitcoin core.
you can easily get the private key out of core and use another service or wallet or software if you want to spend your bitcoin if you dont want to wait for core to sync.

authority:
the network and coin has no jurisdiction so cannot be controlled... only businesses with a registered address are restricted by laws of that jurisdiction
a government tried to regulate bitcoin (NewYork bitlicence) and bitcoiners just avoided starting businesses in new york, because regulation only affects businesses. not the network or coin itself.

government:
if governments want to make bitcoin usage healthy. they should learn the difference between the terms: regulation vs consumer protection. and instead of being currently 95% regulation 5% consumer protection, to be "compliant".. it should be 100% consumer protection rules a BUSINESS should follow to be "compliant".

advocacy:
word of mouth is a good form of advocacy for adoption, yet 99% still fear telling their friends, family, colleagues or public about it due to the media shaming of bitcoin as 'dirty' currency.
this may change but that is still making people sit on thier hands waiting for media to change their story..

no one should be stopped if they want organise themselves at meetups or social media to do their own PR advocacy campaigns. but this should be about making promotional and layman explanations more easy to talk about and more efficiently spread the word by having a 'thinktank' to speed up promotional ideas..
again advocacy and promoting bitcoin is not about controlling the network or grabbing all the coins.. its about promoting bitcoin.

but relying on one group of 'knowledge' can lead to governments restricting what that group can advertise because of where the 'office' is.. so its best to have several distributed groups of knowledge to do their own promotions.. which has started to happen now. local meetups that then try getting their own town/area more bitcoin aware.

if a bank wants a bitcoin based 2FA they will use their own internal blockchain explorer and ask their own customers to add a public key for the bank to watch.
the business plan:
banks/services wont pay a licence fee to a company who requires access to peoples account to control what an account can or cant do.
that alone is already a breach of customers terms of use of all banks and many other services. even if you update your business plan so its just an API request access. this is still a middleman security flaw.

though the concept of using bitcoin funds is more user-friendly compared to bitID's requirement of copy/pasting a message and then copy/pasting a signature. there are flaws in your business plan

trying to patent this form of 2FA to then licence it, is a failure. you are failing the open source ethos of bitcoin by making a barrier of use. especially if you end up trying to sue anyone that uses bitcoin transactions/addresses as a method of authentication to log into services to hold up your 'licence'. is a big no no..
there are other flaws to your business plan.. but i wont digress further

any service wanting a bitcoin based 2FA wont buy into a licence scheme especially for just 10 lines of code they can create and run themselves.

dont get me wrong, good 2FA security concept.. but bad business plan.
using bitcoin for any reason is open licence. sorry

WTF
go check some actual statistics.
do you know why schools and NHS seem busier than ever..
because there are schools CLOSING and hospitals CLOSING.
http://researchbriefings.files.parliament.uk/documents/SN04252/SN04252.pdf
1950: primary schools 27,700 - secondary schools 5900
2010: primary schools 21,280 - secondary schools 4070

http://www.nuffieldtrust.org.uk/data-and-charts/overnight-hospital-beds-england
1987: 297,000 beds
2014: 137,000 beds
this has put the true and real strain on the public services..

you have complained about 20k immigrants.. yet the maths works out as only 1 person per small town/village.
do the maths 60million people vs 20k immigrants.

=1 immigrant per 3000 population.

average family (based on stats not media) is 2 parents 2 kids.
its not 1 out of 3 but 1 out of 3000

so out of a population of lets say 3000 houses one house is occupied by an immigrant family.
yes immigrants have not been spread out equally where every village/town has 1 immigrant. and instead the councils have put them near each other for social and community reasons. so in small villages in lets say scotland, wales and cornwall may only have 1 immigrant per 20 villages. and places like london may have those other 19 immigrants. which based on the number of towns /villages across the UK soon adds up to look like that major cities look immigrant heavy..

but thats not due to there being a countrywide epidemic. but a more 'hotzone' of communities based on the councils own policies and rules to clump them together.. again a fault of councils. not the people

do you know why when you walk the streets during the day in a town of 70k you dont see 70k brits and 20 asylum seeker. but instead a dozen asylum seeker and a dozen brits.

because asylum seekers BY LAW cannot work. so they are left walking around aimlessly. but many brits are in work 9am-5pm so they are not walking the street. so it seems like there are less brits. but the fact are brits are busy in work. thus less brits are wondering aimlessly because they have things to do, to not be seen in public. thus not be in town diluting the illusion of population diversity

forget about fiat value... because your still measuring bitcoin against fiat..
thus keeping fiat involved in the debate.

if however we were to measure bitcoin directly against COL(cost of living) like measuring bitcoin as 450 loaves of bread. with no mention of fiat, then there would be a point.

im talking about a thought experiment of the social and politics of changing the world banking system to replace fiat with something better

as a concept of EG bank of america themselves monitoring a key(as a 2FA), is a step forward compared to the BitID concept.
where you no longer need to sign a message and paste it each time.
thus making it easier to prove authentication quicker.

but the flaw is giving chainlock your "account" login where you use chainlock as the middlemen. and they control the account.

sorry.. but um, nah.
i think bank of america will do their own bitcoin 2fa without "chainlock" as middlemen thus remove a security flaw (middlemen)

good use of furthering and enhancing the bitID concept. but trying to make a business as being a middleman will be the downfall.
there is a reason banks dont use facebook as a login and google 2fa..
middlemen are a security flaw.

i can however see a bank or service incorporate the concept directly under their own self monitoring.

i do. if im a buyer. why would i be grabbing coins at $600 if the price was $580.

like i said id cancel my buy orders.. which means i am not a "taker", but a "maker" my orders would be on the the orderline 0-580. i would not be part of the 600+ group.
so id cancel my orders, which as you said to make the price easier to drop and make the discount day even better offer for me.

i would ask why are you so obsessed with the price drama that is only temporary and has no affect on security.
remember a seller cannot sell unless there is a buyer.. it doesnt matter what the price is. they cannot get rid off their coins unless some one buys them.
bitcoins dont just disapear and sellers may not even be able to get rid of all of their coins even if they tank the price.
their power is limited and buyers have more power and dropping the price is not a threat but a positive.


but saying just having money and waving a public key at some website by signing a message to say "i vote for A" is not helping. and has nothing to do with bitcoin security.
we both agree if those with money want a vote, they should get involved. and not just wave their money in the air.

again waving a signed message to say "i vote for A" should cause a bitcoin rule to change. then thats just "buying votes".
those involved in the rules should have the power to vote on what rules they want to have.. not some rich guy, who is just there to be rich.
as for why im obsessed about nodes. its simple nodes are the security of bitcoin.
afterall seems in spring this year you and others were arguing that R3 investing funds into bitcoin was bad. but this autumn your saying R3 investing money is good.
hint if you deem blockstream funding which then funds matt corallo, gmaxwell, luke jr and others is good. then check out R3 involvement in blockstream since March.. hypocrisy: hate XT due to R3 funding, love blockstream due to R3 funding

anyway.. this brings us back round to the main topics hypocrisy

people have been telling you that the lefty-righty debate is deceptive because it explains nothing.
you do realise that banks love socialism.. they love having the social pot of money and when things go wrong they get to cry and get a bailout from that social pot.
you do realise thatt at the same time they love authoritarianism because they want a monopoly and be in control.
simultaneously they hate authoritarianism because regulations are a headache and they want deregulation.
they love monarchy because the peoples "trust" in what is illustrated on a bank note. (queens head in the UK) brings value to the bank note. yet they hate monarchy for the same reason as hating regulation.

as for individual people.
everyone can fit into both left and right both at the same time. because they may hate something for one reason but be shown to love it for another reason.
left and right are an empty non descriptors to cause a divide by confusion. where only the sheep think they belong in one of the options because they dont see the big picture.
and then in politics one party says "im left" and another says "im right" where really they are as bad/good as eachother

we should look after our own. the issue is that council houses are build in 1950's and we have not been using the rent to build more since.
imagine it for every house built in 1950's the could have built 2 more homes today using 60 years of rent. but councils 'stock' of homes has not doubled or tripped since the 1950's.

instead councillors claimed expenses. wrote their spouse on as a secretary or assistant to get a double income into the household. got a company car. etc..

our problem is that when we "look after our own" we are only looking after our own rich guys in power..

now back to the international stuff.. the war on drugs, we need to invade countries for opium (hense the red poppy we wear to remember our lost soldiers) this drug is used for medications like painkillers
http://www.dailymail.co.uk/news/article-2667253/Not-Afghanistan-Hampshire-How-opium-poppies-grown-UK-make-morphine-NHS.html
se the fake narrative about how Afghan is drug lord heroine country..
yet we pretend we are stopping street dealers and stopping drug cartels.. as a fake moral reason to invade countries growing poppies
this has been going on for a century. and our soldiers are remembered due to poppies.. its literally slapping you in the face what soldiers were fighting for in the first world war.. before "drug cartels and street dealers" were even a local thing.

we then need oil for plastics and car fuel..
wars are not about defending a distant country.. its about grabbing their resources..

the saudi's were involved in the 'street fights' yes. but that doesnt mean we are blameless

lastly here is some data about the NHS

jobseekers is a treasury budget of £5billion a year.
NHS is a budget of £136billion..
nhs used to get ~£180billion NHS..
do the maths and you will see that jobseekers does not affect the NHS..
unemployment = just £2.7bill...

want to know where the £40+bill nhs loss of money went to
Bank debt interest  £44.9billion
http://www.ukpublicspending.co.uk/year_budget_2016UKbn_16bc1n_4090#usgs302


want to know why we are not getting the £350mill "cashback" from exiting the EU to go towards the NHS.
corporation tax discount from 20% to 10% which the cashback will cover the drop in tax..

as a brit myself (hundreds of years ancestry) it needs to be noted that things have been misrepresented.
i have an open mind so please dont think of this as taking sides. think of this as taking an overview of both sides and putting it into reality

during and after the first world war the UK invaded the middle east and started a long history of anger by messing with the ottoman empire. this started the middle easts hatred of the west. it was not the other way round. the middle east did not strike us first.
for a century the west has been trying to invade and control natural resources of the middle east. and east have finally got peed off with the wests endless invading under the guise of defense.
even now more deaths happen due to the west killing eastern innocent civilians compared to the western death rate. and their descendants, offspring and family ended up holding a grudge.

imagine it like smashing someone's car in a few streets away, purely because next month you plan to sue the guy for attacking you and take all his possessions. but you know you have to provoke him first. which is why you give it a month of constant provocation.(month=century)

then when he finally attacks, you tell your neighbours he is after you and he is shouting "for gods sake stop" in an accent which you dont understand and loosely translate it to be about something religious.. so you tell your neighbours you want some support to go down to the other street and sort that guy out because he sounds like some religious fanatic.
a day later the guy says 'the bible says you shall not tresspass.. so stop'. but you reply, 'yep he is definitely a religious fanatic, attacking us using his religion as a reason'.
you end up taking his property and causing his death. and now his family are angry.
some of them are very angry, but you keep playing the religious card, blaming their religion for why they are attacking you to distract your own neighbours from knowing you struck first.
you even recruit some of the guys own neighbours to start conflicts within the street (al-quida) to then make it look like you want to go in and defend the street from the religious nutters

they start protecting their property. putting land mines on their street to protect what is theirs, from each other and from invaders but when you go to their street you dont see it as them defending what is theirs. you see it as an act of terrorism. even if you are the invador.
you kill a few more of them. and also hit some of the insider recruits, who no get a grudge and you rebrand these new grudge recruits ISIS

now your bombing the whole street and those innocents suffering want to get out of the street as its not their fight.they go to neighbouring streets. some are taken in and some are shown the door and told to try another street. this goes on until the only street that is left is the very street of their attacker(us brits) thinking "well they wont bomb their own street and they cannot deny asylum by pretending there is no war.. because their the ones throwing the bombs".

now media plays their part showing how these people are now at the top of our street trying to seek asylum in our street. the media has not mentioned how many streets they have tried before they just pretend the people magically teleported straight to our street and they are after our money and our jobs.

now the religious card is played again. we should not let them in because their religion tells them what to wear and how to talk. but hypocritically if they want to come in we will tell them what to wear and how to talk.

kind of funny that when we go to retire or on a club 18-30 holiday to spain, we are not demanded to wear spanish attire and to only speak spanish. we get offended and told we have freedoms to not require to follow such demands. we instead want to form an english resort/community in spain to live our lives in their country but within our "freedoms".

anyway i digressed.
imagine this however.
if we never go to the middle east. meaning we stop invading, stop bombing and just say the war is over now everyone can go home and we wont steal your oil, your country is yours. have a nice day.
imagine that.
we can deport all the asylum seekers and then start making new jobs of repairing their country. and while all the builders go to build houses in the middle east, we also then have lots of vacancies locally.

or we just keep bombing a country because they quote their bible now and again while we steal their oil and blame it all on their bible

lets flip peoples minds about the brexit debates.

firstly muslims.
many people say they dislike muslims because they force their women to wear extra clothes, to be shunned out of the family/country if they dont...
so our country wants to.. um.. TELL and FORCE women to take off their clothes or be shunned out of the country..
sounds familiar.
how about let anyone wear whatever they like.. that includes burkers, guy fawkes masks, hoodies, a kilt, mankini, liverpool shirt and facepaint or even drag.

next the drop of the pound vs dollar
many scream bad.. but its not.
firstly
say 6 months ago you had a product that was £100. and you wanted to sell it to america(was $160).

now its £100 ~ $120. meaning they get a discount and would happily buy more produce from us.
EG imagine every 6 months they invested $16,000 (100 products)
this time their $16000 gets them (133 items) and because we sold 33 extra we get £13,333 instead of £10k
thus increasing how much we produce and export out while still getting £100 a product..

we can even if not wanting to treat it as discounted we could sell it for £134 export which would give it the same $160.. america wont notice the difference on the dollar side but on the UK side get over 30% more profit. selling 100 items at £133, instead of 133 items at £100.. win win either way

secondly
we have been complaining that UK industry has been failing due to produce being cheaper via imports.. well now imports are more expensive so we have an opportunity to regrow our own industry and export goods. which is a positive.
yes getting an Ikea desk from europe will cost more. but a locally produced table becomes cheaper.

now lets move onto the EU/single market.
remember folds. the EU is just one market. there are other markets too. after all we get products from america, and asia so strangely we are not american or asian but are able to be part of those markets. so relax we will still be part of world trade markets.
the flipflop about EU single markets is just chest thumping. by first saying its impossible to come to an agreement (secretly already agreed) just so politicians can have nice big expense accounts and vacations and in a year take all the glory of being the special egg that hatched the golden goose.. even though being part of the single market has not been a problem from day one

have a nice day

issues to consider:
how to register the voters
EG. stop someone making 10,000 addresses to vote in one direction.
EG. who controls the registration to avoid previous example

lets say it was a government election. where every citizen gets a privkey linked to their birth certificate/social security. with 20 vote coins (1 coin used per 4 year term from the age of 20-100)

next issue
do you reveal the birth record data/social security data so anyone can tally that each vote is actually linked to a real record. or
do you just have the public keys transparent so each individual knows their coin went to the right representatives address.

but in either case not know if 10mill fake birth certificates were made or 10mill asylum seekers gained a SS number purely for an election and then deported after

yep, its doesnt register your birth certificate or name or social security number. so its not 'official' ownership. thats why i conceded to the term possession. which is not out right ownership. just deemed authorised to use if you have the keys to use it.

again making it more closer to 'possession'. whoever posesses the keys to use it can use it.
though the ledger doesnt care who moved it. outside of the blockchain in a court you can attempt to legally(morally) prove your case of who deserves it and punish the party who used it immorally.


yep, again ..possession. which is not out right ownership. just deemed authorised to use if you have the keys to use it.


yea, its hard to pin it down to old terms. but atleast getting a close approximation helps the future determine the new terms
network (diverse/distributed ledger and no central location of rule)=no control, no leader, no authority.
coin=possession based on key holder
satoshi=commodity
btc=asset

this is a thought experiment.

imagine you had control of a countries economy and could revolutionise how money creation is done.
explain how you would prefer money to come into existence
explain who, when and why X should get it.

EG one
funds creation:
multisig. based on birth certificate registration between 2 parents and the birth/death registration office. (2 of 4 multisig)
funds created at signing birth certificate and locked.
funds usage:
released at set times EG 25% rate of national minimum wage(yearly total) is released per year (covers unemployment/state pension) from birth to death.
money creation value:
£$4k a year. making £$300k money creation per person living 75 years

EG two
funds creation:
multisig. based on birth certificate registration between 2 parents and the birth/death registration office.
funds usage:
funds are accumulated based on education. where if you attend education everyday you get extra credit. if you get C or above you get extra credit.
funds are unlocked by the employer "buying" your locked credit to then pay you.
thus the better you do in school the better locked credit you have and thus better job you can apply for to get paid better.
money creation value:
back luck at school: £$4k a year. making £$300k money creation per person living 75 years
good attendance C+: £$6k a year. making £$450k money creation per person living 75 years
good attendance A+and degree: £$10k a year. making £$750k money creation per person living 75 years

in both cases i could go into more details. but lets see what creative idea's people can come up with as a new national monetary system

take into account things like lessoning the requirement on taxes to cover poverty, while also helping people better themselves

issues i see with bitfinex using bitgo multisig is if:
one party makes the keys first, then hands them out. rather than each party having their own key and then telling each other it.
second issue is who is entrusted with the keys after. EG a fail safe key(2 of 3) incase one party went offline permanently. (back door access)
thirdly (also LN's flaw) if the keys are reused it makes them weaker as each use of the same key can gain more info about the keys used

exchanges need to separate the front end (trading engine server), well away from the withdrawal (key holding) server.
this can be done easily and discreetly without needing to give away the key holding servers ip address on the front end server.

multisig. 2of2   exchange has 1, user had the other. funds cant move unless both sign.

i think LN will make this a hell of alot easier, once LN sorts out its flaws

at the moment the main ASIC everyone is using is the 13thash with 1.3kw/h

at 1.6exohash on the network
=~125,000 asics=~160mwatt/h
=~26mwatt/block

which equals the similar concept to a "discount". full nodes dont have to pay as much to get priority. compared to how much a web wallet would have to pay.

though the fee discount/'special treatment' solves the abuse of sybil attack purely for commission grabbing.. due to it not being commissioned payments, i can see this adding a new barrier to entry.
much like BTCC prioritising their own users first. can cause a new 'prejudice' and division of the community.
after all third world countries are already ruled out from using bitcoin right now due to even a $0.06c fee being an hours labour in many countries.
if these same countries are then only using mobile devices, they cant get the 'special treatment' (lower cost), thus pushing them further away from all the benefits of what bitcoins original ethos promised.

i think teaching people why being a full diverse and decentralized node has its own merits.