So what is the point of coinbase multisig ? When you lose one of your two keys then you could still spend your coins with coinbase help, thats it ? But it is a question whether coinbase or other service like BitGo going to be around in 10 years...

If you plan to dont touch your Bitcoins for so long then paper wallet seems best option to me. Hard to imagine Bitcoin value after so long time. Do not encrypt the paper wallet so the Bitcoins are not lost when you lose the passphrase after so long time.

Obviously you cant create Bitcoins yourselves to be used on the Bitcoin blockchain, with Bitcoin public ledger everyne can check its not valid transaction.

But any service where you deposit your real Bitcoin while you get Bitcoin IOU back can create as many Bitcoin IOUs out of thin air for their users as they want, but obviously converting these Bitcoin IOUs back to real Bitcoin which can be used on blockchain can be sometimes very tough task, as the Bitfinex shoved.

I also think OP mean underdeveloped places which lacks internet. For Bitcoin to be useable you need good infrastructure, not just internet connection, but also people in the area using online shopping often because this is where Bitcoin can be used very easily. So in the end you need good road infrastructure as well. So for the underdeveloped areas there is no use for Bitcoin, there is reason Bitcoin is sometimes called "internet money".

Faucets are meant just to test how Bitcoin works, do not expect to get much out of them (a lot of work filling the captchas, and so little Bitcoin in return).

I would try xapo online wallet for your tests, I heard you dont pay the transaction fees when you send Bitcoin transactions there so it can save you a lot of Satoshis from accumulating your micro transactions to one Bitcoin address.

In my opinion the more value Bitcoin has, the less coins are lost. The most coins could be lost very early in Bitcoin history when one Bitcoin was worth under one dollar, but today people should have wallet backups when owning significant number of coins.

It will take a while before more coins are lost than distributed from subsidy to the Bitcoin miners. I guess 20-50 years.

Im sure you underestimate the number of people who heard about Bitcoin, you never seen Bitcoin mentioned in the news? Your percentage might be the number of people actually using the Bitcoin in your country, but I doubt the big news like MtGox collapse did not hit the news in your country back then. Also check some internet news servers in your language, I doubt Bitcoin is not mentioned there once in a while (bank blockchains articles).

Bitcoin core rebroadcast your transaction continually till it gets a confirmation. Because of this behavior, the node's mempool will not drop your transaction. To increase fee, keep a backup of your wallet.dat and start Bitcoin core with -zapwallettxes. It removes your unconfirmed transactions, so u can create a new transaction. Dont use unconfirmed inputs to create new transaction, it might delay confirmation even if you use high fees.

Imporant: to be sure your original transaction wont get confirmed later (and you do not end paying twice), at least one of the same inputs must be used in both the old and new transaction.

It really does not matter what Bitcoin status is. As long as someone steals anything from you that has some value, it is a theft. No matter whether it is bike, cash or Bitcoin. I see this misconception often though, I mean thinking nothing can happen to you if you steal Bitcoins. What only really matters is whether you can prove somebody stealed you the bike, cash or Bitcoin.

Your probably right, and more useable Bitcoin is what really matters. Compare Bitcoin today and price hype in 2013, Bitcoin is much more useable today, but the price is not much different from year 2013 (200-1200?). So as long as Bitcoin awareness and adoption is even better in the next years, Bitcoin can only get better no matter what price people going to exchange the Bitcoin for.

Using Bitcoin for remitance has a lot of potential. One of the downsides when converting to and from Bitcoin at exchanges is the complicated process of verification. I personally dont believe my ID scan wont leak if their databases get hacked, thats why I dont use the exchanges. I use localbitcoins instead, but the disadvantage is its more expensive.

This time it is not as many coins as US Marshalls auctioned before. It did not crash the price last time, so I do not see why it should do any change to the price with much less coins now. Maybe unrelated, but I remember when they auctioned the coins, Bitcoin price actually increased  between the time of announcement and actual auction, but it was just coincidence in my opinion.

I would like to join your signature campaign

Name: pogress
Rank: Member
Bitcoin Address: 1MrrZMV3ZCwaaB7G1mrMp74Sp3kdyLoJ8N
Profile UID: 638222

I have to disagree, you can use Bitcoin for almost anything today. And those few who earning Bitcoin for their full time job have to live on Bitcoins alone. But today, most earning fiat instead.

I think Ripple is good example how private blockchains works, there is no mining or coin staking, the XRP can be created only by the 'superuser' whenever needed. Bank paradise, but banks can create their own ripple protocol, why pay to private company especialy when the costs become too high after a while.

Please quote my address below, which can be found in my profile as well:

1MrrZMV3ZCwaaB7G1mrMp74Sp3kdyLoJ8N

I rather expect around 0 or very small difficulty rise in the next few months. The reason is the new S9 units might sell faster than unplugging much larger number of old generation units reguired (Th/s wise). I dont see Bitmain has problem selling S9 for almost 2 grand, and I think it is fair price for anyone who pays around 5 cents for the electricity.

-0.7 = pogress

It seems around +1 might be the winner, but picks already taken from -0.6 to +3.5. But in the end it is about luck how long the last block(s) take and +-1% even from expected last hour estimate is not unusual.

Very interesting difficulty period, indeed. We going to see if massive switch off is happening before this contest picking period ends, but it would be much harder to predict the final difficulty change if such massive switch off really happens.

Keep your coin in cold wallet then, no matter what happens at exchanges your Bitcoin is safe in your cold storage. The perceived value might change, but you own the same amount of Bitcoins no matter what.

Everybody has different opinion. Do you even know anybody you can 100% agree on any matter, because I dont.



Classic is not good option for myselves, miners should merge the changes they want but if they choose BIP 109 because their lazy to come up with better hard fork change, be it. Its not the end of Bitcoin, and certainly better than current 1 MB, so no big deal for me. Maybe the few who treated Bitcoin as their own pet project leaves Bitcoin because of their egos, but every dev should be replacable if Bitcoin is meant to be decentralized - and those who understand what Bitcoin is keep using and making Bitcoin better after the change anyway.