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On Unix also check with command "date -u". This should ouput the "Universal Time Zone (UTC)", equal to "Greenwitch Mean Time (GMT)".
On Unix system the local clock should be set to UTC (or GMT), it's better for administration.
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The wallet.dat is the most important, I also save the addr.dat (is renamed perhaps).
Avoid a single point of failure.
1) Create incoming addresses as needed
2) Encrypt the wallet (against theft)
3) test incoming and outgoing transactions with small amounts (against password misspelling)
4) write down the encryption password and distribute it over at least 2 different locations (different cities perhaps, against fire)
5) Copy the wallet.dat to at least 2 different media, and distribute them over at least 2 different locations (different cities perhaps, against theft or fire)
I use different media. It could happen that 4 cheap identical USB sticks fail all at the same time because of a systematic failure.
Store passwords and media on different locations.
I would NOT extract the private and public keys of the wallet and make a paper-wallet of it. Then the wallet encryption does not make much sense.
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I've had one with 0 confirms for about 12 hours now.
Use a minimum fee of 0.0001 BTC, for you can be shure it arrives in a reasonable amount of time. |
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Huch! Ist ja bei mir um die Ecke! Aber der Frank ist ja einer von dieser komischen Arschlochpartei FDP. Da gehe ich dann doch lieber nicht hin. Eventuell doch, aber dann nur um zu stören rum zu röslern. J  Bei Frank Schäffler steht als einziges noch "Titel noch in Absprache". Der Inhalt kann also nicht so wichtig sein, ist halt ein echter Politiker. Werd' ich einfach schwänzen. |
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I've run across his videos and I like them....
I have to say that many of the things he talks about seem true
I need to further investigate him until I can trust him though.
Let's hope that there is no WWIII and no global economic collapse (although I come from a country that has already collapsed (Greece))
What bugs me the most is all the militarization of the police force in the United States and all the goverment spying programs. They disgust me.
I'm German and have bad expectations about our future. It seems that not only the stupid Germans, but also many people in southern Europe believe that Merkel is right with her austerity politics. This is the modern form of colonization. Our german super rich export industry and bangster system needs the south Europeans to stay in the EU, because we need to have a low Euro to keep our exports high. You will never have any chance against Germany, because the stupid people here are working for less and even less money. And if the German workers do not want to work for small money, they will be sanctioned. So in the end, if the Greeks and others try to compete, the pressure in Germany will simply be increased. If the people understand, and they will at some time, we will get violence or civil wars, and in the case another WWIII perhaps. The German state is as guilty as the Greeks, because the economists do not understand the simple formula ( sum of all exports + sum of all imports = 0 ). If all states on the earth are exporting, we can export to the moon. But we have to export our weapons, in a large-scale to the Greeks or to Portugal, for example. Our German newspapers are proclaiming massive attacks against the Syrian state, although they have no proof that they did the toxic gas attack. I believe this is a campaign of the lobbyists of the arms industry. |
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So many coins  What to DOOOOOO  Which coin's to invest IN What do UUUUUUUUU think, should people STOP making different coins BTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTC   The first coins mined are nearly for free, because of low difficulty. So every miner has nearly no cost in premining these coins. After a while they can be sold for good money to people that have lost the overview. So many of the new coins can be compared with penny stocks. The last one will loose it all. |
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Our neoliberal newspapers in Germany are pushing the attack also, without any proof, and more than the politicians do. It makes me angry and worried. We have switched from defense to aggression.
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The balances in the Cyprus accounts just shrunk, it's not like the actual Euros are worth less, there are just less of them. Currency controls prevent the free movement of Euros out of Cyprus. Euros in other countries are not so restricted. As a practical matter, Euros in Cyprus have less utility than those outside of it, and therefore less value. It's a similar effect as with Mt.Gox now. Someone could go there with no EUR but enough BTC, change BTC to EUR on a good rate, make a cheap holiday, and come back with some cash in the pocket. Cyprus is nice for making holidays, and it would help them. |
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By the way, saving the planet is necessary.
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What you don't understand is that PPC is right now already very close to Bitcoin late stage. "Premining" is almost done (majority of coins are already generated, ...
You did this false assertion. So again, where is YOUR calculation? |
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What you don't understand is that PPC is right now already very close to Bitcoin late stage.
There are people that have understood the qualities of PPC. What you don't understand is that PPC is right now already very close to Bitcoin late stage. "Premining" is almost done (majority of coins are already generated, ...
rude calc: total gain of new coins of the last 24 hours is 8878 PPC gain through PoS can be a max. of (total coins * 1% / 365 ) = (20234601 * 1% / 365) = 554 PPC gain through PoW must be at least 8878 PPC - 554 PPC = 8324 PPC At this time most of the newly created coins are made by PoW yet. What is your calculation? Once PoW miners finaly wake up and realise they are losing shitload of money by PoW mining PPC
I'm sure miners calculate their profit very well. Are you mining any coin? PPC was designed to substitute PoW by PoS over time from the beginning. This shall reduce needed power plants, what's wrong on this? With BTC miners will profit from fees only as soon as block rewards discontinue. And with PPC this is PoS blocks incentive. Is there anything PPC is actualy used for except getting 1% interest (real life banks are around 5%) and eventualy making money off retards who have no clue about "the deal" and might be buying into it very too late?
I prefer to have 1% of a limited PPC supply than 5% for an unlimited fiat supply. There are so many scam coins you can complain about, but not PPC for sure. |
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You are drunk or something? As far as I can tell, you already have coins. Retards are those that will be buying PPC if price goes up massively
in future. If one buys 1 PPC for like 0.1 BTC at the time all it takes to run the network is some CPU power than he or she is retarded, right?
Price of cryptocoins is closely related to how much money it takes to mine some coin. If all it takes to generate 1 PPC is 100 PPC on-hold and
some CPU power, paying 0.1 BTC for that 1 PPC would be the worst investment ever (asuming 1 BTC won't be down at $5 or so).
I'm an anti-cyclical trader. I'm buying on falling price, and selling on rising price. So I'm one on the persons who will never become a millionaire from this. I can live with it fairly good. I believe in BTC and PPC at this time. I stay tuned on coming development. |
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... where those who are holding the coins and PoS mining using just few % of CPU power are supposed to make
shitload of money ...
This "shitload" is around 1% a year. I'm sure this is not enough for you, making much more through volatility. You have cut "on prices increasing to compensate for lack of new PoW coins" part. Eventualy increasing, that's it. First, this 1% a year is against too high price gain on the long run, which makes it more useful for normal people paying goods. And second, 1% a year inflation in the long run makes a lower price increase than with Bitcoins. High inflation makes the price of every unit drop, as you can expect and see with fiat money now. Of course, at the beginning the price increase can be very high, it depends on success. Nobody knows but I believe Sunny is doing a good job. I know, there are a lot of challenges to solve. |
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... where those who are holding the coins and PoS mining using just few % of CPU power are supposed to make
shitload of money ...
This "shitload" is around 1% a year. I'm sure this is not enough for you, making much more through volatility. ... I'm very interested to see if there are enough retards, those who
would pay a lot for coin which network requires very little resources to be run, for scam to last for much longer.
I'm one of the "retards", we will see ... |
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... It goes very complex and time-consuming once you have many inputs (deposits). ...
It does not make sense with the hot wallet, but with the cold wallet. And if too many want to have access to their coins at the same time, they could be locked in cold storage for some time because of PoS minting. You mine PoS offline and then you go online. What is almost certain to happen is that your version of blockchain will be nulled and it is so because all online PoW and / or PoS miners extended the most accepted blockchain much more than you extended your offline one. PoS minting is working online only, of course. So I believe, they have an online warm wallet (instead of a cold wallet) that creates PoS blocks. |
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... It goes very complex and time-consuming once you have many inputs (deposits). ...
It does not make sense with the hot wallet, but with the cold wallet. And if too many want to have access to their coins at the same time, they could be locked in cold storage for some time because of PoS minting. |
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On a trustworthy trading platform, the deposits of the customers stay untouched. So:
all deposits + all possible withdraws = 0
What happens if the owners of a trading platform uses deposits of customers for speculation or gambling, can be seen with bitmarket.eu.
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Some weeks ago I bought 20K PPC at BTC-e, I could not withdraw them after the buy, I had to wait for two days until I was able to withdraw them, this doesnt seem right at all!
Well, given that PPC is PoS coin, it is possible that BTC-e is "reserving" those deposited coins which are close to making them PoS reward. Afterall, it is their addresses on which people deposit coins so they have all it takes to mine PoS blocks themselves. It could be withdrawals of X coins, where X is more than "reserved" coins, are delayed until PoS blocks are mined but I just don't see it worth the trouble. Risk losing customers and risk bad propaganda just to earn less than 0.5% off coins that are untouched for over 30 days? Good hint. I believe they use the cold storage to make an extra profit with proof-of-stake (PoS) minting (so it's more a warm storage). If PoS-blocks are found, the coins that have been used for minting PoS-blocks are locked in stake for 520 blocks, and you have no access in the meantime. |
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True you dont but as soon as you make a payment or accept a payment thats all. You are then visible to the public. It can all be tracked from transactions. When you want to find out if someone has anymoney you make a payment to someone or something you can track back to him.
Don't buy things using the same addresses that you received money. Create new addresses for every send and receive operation. Use them once. You can transfer Bitcoins from one address to another offline using the private key. Stay away from online exchanges. Can you refer to a discussion/article how to do so? |
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