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Just bought my first miner with BTC. Can't wait to receive it!
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A UK company called Elliptic Vault is claiming to be the first company in the world to offer insured bitcoin storage. Bitcoin keys are encrypted and stored offline. There are multiple copies, protected by layers of cryptographic and physical security. The copies are accessible only via a quorum of Elliptic's directors. The fee is 2% of your coverage level annually. Here's their faq page: https://www.elliptic.co/vault/faqThe part that I find really interesting about it is that their underwriting is done by Lloyd's. If that's not a sign that bitcoin is going mainstream, I don't know what is! |
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I think we could change the BTG into GEM
Any thoughts?
I like it, but it might be too late since it's already on some exchanges? |
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Hello Everyone, I am working on a crypto(alternative currency) coin miner, on the indiegogo platform. I would really appreciate if my dream could be a reality http://igg.me/p/628384/x/5721024 (copy and paste link in URL) Thank you for you time and generosity! What's going to be the point of your cryptocurrency? How's it going to be different than anything else that's out there? If you put that in your description, you might get some people willing to support it... |
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"Yes, [we will not find a solution to political problems in cryptography,] but we can win a major battle in the arms race and gain a new territory of freedom for several years. Governments are good at cutting off the heads of a centrally controlled networks like Napster, but pure P2P networks like Gnutella and Tor seem to be holding their own." +1 Good one... |
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You left out the single most famous Satoshi quote:
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks."
The famous comment on the very first bitcoin transaction, by Satoshi Nakamoto himself.
Seems to indicate the reason why Bitcoin exists in the first place.
The very motivation behind it.
Good stuff!
-B-
Good call! Thanks! I'm going to add that to my blog post... |
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I just spent a couple hours reading through Satoshi's 1,000+ posts and plucked out my four favorites: 1. (I’ve been working on bitcoin’s design) since 2007. At some point I became convinced there was a way to do this without any trust required at all and couldn’t resist to keep thinking about it. 2. Lost coins only make everyone else’s coins worth slightly more. Think of it as a donation to everyone. 3. Sorry to be a wet blanket. Writing a description for (bitcoin) for general audiences is bloody hard. There’s nothing to relate it to. 4. I’m sure that in 20 years there will either be very large (bitcoin) transaction volume or no volume. I've got a couple dozen more here: http://crypt.la/2014/01/06/satoshi-nakamoto-quotes/ |
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Is there a total number of bitgem that will be mined? Or is it theoretically unlimited?
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Hi all,
I've set up the payments for you (though my wallet is synchronizing right now). You should get your fastcoin soon. Thanks for participating and let me know if there's ever anything you'd like to see us cover on Crypt.la!
Thanks!
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Hi all, we've hit 100 responses so the giveaway is closed. Thanks for participating and happy new year!
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NOTICE: WE'VE HIT 100 RESPONSES SO THE GIVEAWAY IS CLOSED. I'll finish the payouts tonight... Thanks! And, since I'm fan of fastcoin, I'm giving away 10 fastcoin each to the first 100 respondents who post their Fastcoin address in this thread. Happy New Year from http://crypt.la! |
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It's a silly proposal.
That said, banks do have a legitimate and serious problem when it comes to bitcoin. They have to register with their state as money transmitters. As money transmitters they're legally responsible to ensure that the transactions they process aren't aiding terrorists or money launderers. That requires adhering to a sea of laws and oversight from Dodd-Frank to OFAC checks (when lending) to keeping the Financial Crimes Enforcement Network at the Treasury happy. Bitcoin all but makes that impossible. It's one of the biggest hurdles bitcoin is going to have to get over, and I don't see a great way to do that... It's the No. 1 factor that makes me nervous about bitcoin's future.
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Not meaning to get off topic, but if we are still using BTC in 2140 we have failed as a species. BTC is a step in the right direction. I don't see how it can be an answer. (In the short term yes, but not long term.
Yeah, I'm more excited about protocols like mastercoin or ripple for the long-haul. |
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I want a centralized place where we can see when Cryptsy adds new currencies for trading, so I'm starting this thread. If I miss a new currency, please add it!
Currencies added on Jan. 12, 2014: 42/BTC (42coin), EAC/BTC (Earthcoin), and ZCC/BTC (ZzCoin)
Currencies added on Dec. 29, 2013: CAT/BTC (CatCoin), LOT/BTC (LottoCoin), FFC/BTC (FireFlyCoin)
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Don't miners contribute to the network's security? Will things grind to a halt? Or will transactions just be verified by wallets?
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The core problem is that fast growing tech start ups tend to have all of their value stripped out before they IPO. Just look at Twitter, Facebook etc. which makes coins exciting because there is a chance to beat Wall Street at its own game.
Agreed. Everyday investors don't have a shot at investing in a company like bitpay, either... |
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