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2101  Bitcoin / Bitcoin Discussion / Re: Bitcoin is like cash under the mattress on: July 31, 2014, 10:47:48 PM
Use a Chromebook. A PC is unsafe. Just kidding a bit, but maybe in the future a new kind of network security is needed.

The user is always the weak link in security. Therefor be smarter than the personal who want to rob you.
2102  Bitcoin / Bitcoin Discussion / Re: Bitcoin is like cash under the mattress on: July 31, 2014, 10:46:11 PM
IPv6 can be spoofed, just the same as IPv4 can be spoofed.  There's nothing stopping anyone with a computer from sending out a packet that says "hi, I'm from IP 123.456.789.123" (I know IPv6 is different format, but you get the point).

You can also break into the home of the personal to be robbed and use his wire to go online with his IP - not secure enough for securing funds.

As already said: keep your keys secure
2103  Bitcoin / Bitcoin Discussion / Re: Bitcoin is like cash under the mattress on: July 31, 2014, 10:39:48 PM
The personal ID system would have to be controlled by a centralized authority I guess. Unless someone comes up with a clever solution for decentralizing that! Remember, Bitcoin changed the way people believed what was possible. New information technology inventions can do that again.

The centralized control of the ID, will be far more weak for the system, than having the user to secure its own private key.
The invention "bitcoin" and what makes it special is the decentralized system of consensus, this is the strength.

I collect and trade physical coins. I am not saying that we should use physical coins as a monetary system.
But the they are brilliant to learn people the concept about private keys. If the hologram on the back is broken then is your key compromised.

The bitcoin user should not have one private key, with all the funds he or she owns, he should have many (there are plenty available ~2^140).
Hotwallet, coldwallet, a stack of private keys with small amounts on, a paper wallet, a brink in the wall with a private key etc.
Never put all the eggs in one basket.

But yes, I follow you in what you are saying. For the average none-tech user is this rather complicated.
What is needed is online services for holding some of your bitcoins, and they should have insurance - so in case you get scammed or robbed, then should there be an insurance to cover.
All credit cards has the same problem, nobody would buy anything online if there was no insurance on you card.
Hopefully this kind of insurance will come one day.

But I still believe, that you need to take care of your saving your self!
You cannot rely on a bank to do this for you, if you do so, then are you blind.

*edit the private key not nessearly need to be on a piece of paper, it could as well be an encrypted file... (I just like paperwallets, but some of my paper wallets are also backed up with a JPEG that is heavy encrypted)
2104  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MINT] PoS Rewards and Market Cap Survey & Discussion on: July 31, 2014, 10:26:35 PM
Any leader that ignores the majority of voices of the group , will not be leader for long.
This is not said to hurt your feelings, but could be the result of your Future actions.

Well... how to say... when we talk about voluntary work then is the personal who is willing to spend most hours for the cause most likely to be the leader, because no one else have "time" to do it.
2105  Bitcoin / Bitcoin Discussion / Re: Bitcoin is like cash under the mattress on: July 31, 2014, 10:19:47 PM
But how is Bitcoin going to compete with new cryptocurrencies that will use personal IDs? Bitcoin would be relegated a shady underground currency for drug dealers and pimps, ha.

Lolz... you missed the point with bitcoin entirely.

uh...yeah.... we-track-you-coin  is going to outcompete Bitcoin.   Cheesy  

The "we" in this case is everybody. Since the personal IDs are public for everyone. Not just something the NSA could track.

But what should you do if you "ID" gets compromised? Generate a new "ID", and when that is being compromised, then generate a new. And who should administrate the ID's, that would require a central authority. Bitcoin can provide you with decentralized system of consensus - and that IS THE POINT.
2106  Bitcoin / Bitcoin Discussion / Re: Bitcoin is like cash under the mattress on: July 31, 2014, 10:12:47 PM
But how is Bitcoin going to compete with new cryptocurrencies that will use personal IDs? Bitcoin would be relegated a shady underground currency for drug dealers and pimps, ha.

Lolz... you missed the point with bitcoin entirely.
2107  Bitcoin / Bitcoin Discussion / Re: Bitcoin is like cash under the mattress on: July 31, 2014, 10:11:24 PM
Well that's not exactly how it works, but:

All online systems lack security by the very fact that they are online.
Even a biometric system doesn't solve this, because if
the system is compromised, it can simply be routed around.

That's why cold storage is the critical solution for savings.

Whatever wallet you choose, you should be keeping
your coins offline except what you need for spending
in the short term.

Exactly.

Having a huge saving in the bank can be compared to have your funds online.
... and if you trust your bank with your entire saving then... well either you have balls or are stupid.
2108  Bitcoin / Bitcoin Discussion / Re: Bitcoin is like cash under the mattress on: July 31, 2014, 10:07:42 PM
It's a huge problem to solve sure, yet many technologies are progressing exponentially so we may have a solution much sooner than that.

Well, research in that field is ultra slow right now. But you are right, it could exponentially accelerate if the commercial interest are there.
2109  Bitcoin / Bitcoin Discussion / Re: Bitcoin is like cash under the mattress on: July 31, 2014, 10:06:13 PM
But what about the security? If someone would hack into a smartphone the 12 words could be stolen. Or does the person enter all 12 words for every payment? Imagine paying for a Big Mac and having to manually type in 12 words.

Let me quote my self:
Edit. Also a good idea to have different level of security: 1. Hotwallet (not too secure, only for small amounts, but easy to access). 2. Cold storage on dedicated device (for medium term storage, middle sized amounts). 3. Paper wallets or heavy encrypted private keys (long term storage, your retirement savings).

You really don't need to have a secure hotwallet.

Same has having cash in your regular wallet, you don't bring your entire saving with you in 1000 dollar bills when you go shop for a big mac.
2110  Bitcoin / Bitcoin Discussion / Re: Bitcoin is like cash under the mattress on: July 31, 2014, 10:02:38 PM
That's way too old tech for me. I don't even want to back up my computer files locally! I want it all on the cloud. At the same time other people may want to handle their own security and privacy. So both options should be available for Bitcoin.

I don't know if a personal ID could be added to the Bitcoin protocol. It would be powerful if both personal IDs and ordinary Bitcoin addresses could be used. I would then store most if not all of my bitcoins (if I had any) with my personal ID so that they would be secure automatically. Another person may want to do the opposite and store most of his or her bitcoins with Bitcoin addresses and only a few if any bitcoins with the personal ID. That allows maximum personal freedom and flexibility.

The problems starts when your "personal ID" gets compromised.

Biometrics and things like that are probably needed. So I admit that it's a tricky and big problem to solve.

Biometric is unfortunate not deterministic, since the human biology is not constant. Therefor is poorly suited for decryption or message signing. Perhaps 10-15 years from now, but the technology and infrastructure is not ready in its current state.
2111  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MINT] PoS Rewards and Market Cap Survey & Discussion on: July 31, 2014, 09:56:22 PM
A presumptuous one you are.
When the prior developer handed the community to me I owned a whopping 2 Million Mint from 4 Million that the original developer paid me for my services (of which I donated 2 Million to contests and bounties to keep production going).

Since then I have acquired 10 Million Mint between my mining and personal investments because I believe we have recruited a winning team and this coin will go far.

A major part of Public relations is understanding your audience AND targeted audience.

As of today  I am just shy of 10 Million Mintcoins of which I plan on donating an equal sum of USD for promotions of campaigns we are currently working on.

As I mentioned the first thing I would complete is a business strategy for growing our community.

A business plan (if done properly) requires a SWOT analysis broken down into actionable segmentation. 
SWOT stands for Strength, Weakness, Opportunities and Threats.

Every step of the business plan I have opted to engage the entire community and be 100% transparent in my efforts.

This stimulates needed conversation between both investors and community.

I am surveying the targeted audience to determine appropriate direction, perception and voice of the community to create a singular actionable business plan needed to ensure the entire community is on the same page.

There will be negotiations along the way and there will be controversial conversations. I am doing my absolute best to allow all sides of the coin shine through and give the community an opportunity to vote on what they believe in efforts of allowing everyone to have a voice.

If you need to put a "number" on me dumping on the coin... I get paid $22 per hour freelancing via oDesk and donate approximately 20 hours per week as well as hosting and domain names when needed to growing this community.

Why?

Because I want to make this my full time career some day.

I love what I do for this community. I love crypto currency. I love online marketing.

P.S Please...
No more name calling. No more negativity. This is supposed to be a civilized conversation with the common interest of growing a community that supports Mintcoin values of connecting and helping our worldwide friends in preserving the earth.

Your effort is admirable - thank you.
2112  Bitcoin / Bitcoin Discussion / Re: Bitcoin is like cash under the mattress on: July 31, 2014, 09:52:02 PM
That's way too old tech for me. I don't even want to back up my computer files locally! I want it all on the cloud. At the same time other people may want to handle their own security and privacy. So both options should be available for Bitcoin.

I don't know if a personal ID could be added to the Bitcoin protocol. It would be powerful if both personal IDs and ordinary Bitcoin addresses could be used. I would then store most if not all of my bitcoins (if I had any) with my personal ID so that they would be secure automatically. Another person may want to do the opposite and store most of his or her bitcoins with Bitcoin addresses and only a few if any bitcoins with the personal ID. That allows maximum personal freedom and flexibility.

The problems starts when your "personal ID" gets compromised.
2113  Bitcoin / Bitcoin Discussion / Re: Bitcoin is like cash under the mattress on: July 31, 2014, 09:46:16 PM
i laugh at these idea's

YOU DO HAVE AN ID

its called the private key. keep it safe. and away from a PC or third party until you need it.

any other form of ID can be used or abused the same way a privkey can.

EG if its too short, purely to remember it. then hackers could easily guess it sing rainbow/brute force.
EG if its saved on your computer, a trojan can get to your ID
EG if you entrust it to a online service to make it convenient, you have to trust them
EG if its too long to remember so its stored securely on paper or offline, atleast its not on your PC

so ID or privkey are both the same thing and will both require the same precautions

what i prefer to see is a offline service tool (hardware wallet) that forms the signed transaction. and you via QR code push the transaction to a computer, cashiers desk, online service. thus keeping your private key safe and offline.


+1

Exactly. The trick is: keep your private keys safe.

Edit. Also a good idea to have different level of security: 1. Hotwallet (not too secure, only for small amounts, but easy to access). 2. Cold storage on dedicated device (for medium term storage, middle sized amounts). 3. Paper wallets or heavy encrypted private keys (long term storage, your retirement savings).
2114  Bitcoin / Bitcoin Discussion / Re: Bitcoin is like cash under the mattress on: July 31, 2014, 09:44:09 PM
One side of Bitcoin is the powerful, decentralized peer-to-peer authority-free part. The other side is the hassle and burden for people to manage the cumbersome storage of their bitcoins or trust some authority to secure their bitcoins. That latter part truly sucks. It's like going back a century when people had to store cash under the mattress or go to a bank with their money.

Something needs to be done to solve this problem. What is needed is for the bitcoins to be automatically secure. For example by introducing a personal ID system so that the bitcoins on the block chain are uniquely identified that way and thereby effortlessly and trustlessly secure.

Definitely an issue for none-technical people, I made a coin trade (sold physical coins for bitcoins) some time ago where I meet with the person at his place, I brought a couple blank paperwallets, so hi could transfer some bitcoins to me.
I was horrified when I saw how he paid me, he logged into a well known exchange and transfered the coins to my paper-wallet directly from the exhange, and I saw his balance, he had a 3 digit number of coins floating on the exchange. Not sure if he had balls or was stupid.

Anyway, I love the fact that I am in control of securing my own coins.
With a solid encryption and storage of my files at multiple locations, then am I sure my bitcoins are ok, the weak link ofcause is when I want to transfer some of them to my hot wallet, happens luckily very rarely  Grin
2115  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MINT] PoS Rewards and Market Cap Survey & Discussion on: July 31, 2014, 08:43:21 PM
People want to know what value is in the Mintcoin currently

Currently you have to buy MintCoins to be able to mine more Mintcoins
So when you buy mintcoins you are getting the Miner with it.
A Miner that earns the same Rate all year without increasing costs, can't say that for POW coins.

That is the Value POS coins have over POW Coins, where new hardware decreases the value on the hardware just purchased by a Large factor making it unprofitable to mine within a few months and never getting your investment back.

With the Scrypt Miners the Crypto community is starting to realize that and will be switching to POS in DROVES. When this happens our POS will shoot off like a rocket. But if the Interest is dropped to 1.5% then I can get an investment in the physical world that beats that hands down or go with other Coins like Hyperstake, & Noblecoin.

Be Patient, your rush will cause more harm than good.

 Cool

I completely agree on the part with PoS vs. PoW.
There will be serious changes in the market once the scrypt ASIC miners seriously start mining - where it will go, hard to say.

Personally I got my MINT the same day I shut down my GPU miners...
2116  Bitcoin / Bitcoin Discussion / Re: The dangers of USB pendisks. An alert to all bitcoiners and geeks on: July 31, 2014, 07:32:54 PM
I think all we bitcoiners must become more aware of the dangers of USB, after reading this article:
http://www.wired.com/2014/07/usb-security/?mbid=social_fb

Interesting reading, thanks for sharing.
2117  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MINT] PoS Rewards and Market Cap Survey & Discussion on: July 31, 2014, 05:35:27 PM
Also, price is finally over the 4 satoshi sell wall.

By the way, the coin could be target for a pump'n'dump...
So be careful about not being to being blinded if the coin rise to fast in value the next couple of days.
If you are planing to invest in MINT, then get em now, not on the uptrend of a possible pump.
2118  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MINT] PoS Rewards and Market Cap Survey & Discussion on: July 31, 2014, 05:30:56 PM
Also, price is finally over the 4 satoshi sell wall.

Well, I do not know the grand scheme of what is going on, but volume has slow by steady increased everyday, since Cryptomommy became captain of the ship.
Nice to see, coin seam to recover.

To my fellow minter's, remember:
Theoden: Who am I, Gamling?
Gamling: You are our king, sire.
Theoden: And do you trust your king?
Gamling: Your men, my Lord, will follow you to whatever end.
Theoden: To whatever end...
2119  Economy / Collectibles / Re: [Selling] New Crypto Imperator Dogecoin Physical coins! 5% off! on: July 31, 2014, 09:15:01 AM
elianite's photo nr. 3 really shows the awesomeness of the hologram, really good job there.

Has anybody heard of achieved ANACS grades of the coins?  (Blazzed?) 
2120  Economy / Collectibles / Re: [Selling] New Crypto Imperator Dogecoin Physical coins! 5% off! on: July 31, 2014, 09:12:58 AM
"WOW. Such Nikon, Much Res, Big Doge."  Cheesy
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