Hmmm. I'm new to this but it looks to me not worth it unless you got in early enough to make some profit and re-invest in serious hardware already.  And you are right. Mining is not a get rich quick scheme. Same for bitcoin, it's not a get rich quick scheme. If someone came here expecting to become rich with his computer, well, he is totally wrong  |
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Maybe they started losing tons of customers. And they noticed that there is something else better than them, bitcoin. So they are "a little scared"  |
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I suppose when it's ready
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Don't use bitcoin-qt but use something like multibit or electrum. With multibit you can just open a wallet like any other program let you open files.
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I'm trying this client, downloaded it yesterday. I don't have precise data since i didn't run it continuosly but i can say that it was much much faster and much less heavy on hard disk. I started it without a blockchain and let it download from peers, yes i know, not optimal but it worked well. Memory usage is a bit high, it was at 600MB during the chain download, now it's at like 400 but it's fine
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Nothing stop you from crypting it with something like TrueCrypt btw.
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Scam detected |
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Scam detected |
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The new qt-client with the new database will be much faster at getting the blockchain.
This said, a lightweight client is instantly ready, and also have a much much much better interface
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The comments too are epic fail. The girl that tought it was only a Good Wife thing, the girl who is "little scared", lol  |
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The fact that in the reference client that is hidden means that almost no one know that and that backuped wallet can become outdated, wich means that someone will someday lose money without even knowing why....
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Somehow I am a bit disappointed of Kim. After all his talk about getting rid of US dictated monopolies, like credit cards and Paypal, I at least would have expected SOME other option than that. Maybe direct bank wires or cash in mail or ANYTHING, but Paypal, Visa and Master all over again?
I'm starting to think more and more that Kim is just a stupid guy who happened to get lucky with his service. I mean he knows how to provide that service but other than that he is a moron. Actually as far as I can see this is a very smart design. Mega itself does not deal with the retail sales but leaves this to the resellers who can use any payment method they choose including of course Bitcoin. These resellers can be anywhere in the world so even if some one pays with say a credit card or PayPal, Mega itself does not get the payment information, and the end user can literally shop around for the jurisdiction with the strictest privacy laws when choosing a reseller. This also means that Mega itself collects minimal information a name (with no verification), email address and an IP address (TOR anyone?). The design also calls for distributed hosting with backups of each file in different at least two different jurisdictions. The files are encrypted and Mega itself does not have the private keys. So the only way a copyright holder will even know that there is infringing content is if the person who uploaded the content leaks the key directly or indirectly to the copyright holder. At this point I am sure Mega will honour a takedown notice provided that the copyright holder has dotted all the legal i's and crossed all the legal t's. Now user side encryption has many perfectly legal and legitimate uses such as the cloud backup of sensitive data. This whole thing looks like it has been designed by an army of lawyers in order to create a mega legal headache for the entertainment industry while at the same time being in strict compliance with the law. +1 |
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Yes, a lightweight client like MultiBit https://multibit.org/The bitcoin-qt client download the whole blockchain wich takes a lot of time. But for normal users this isn't required, so you can just use a lightweight client |
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Actually 10 millions $ should be more than enough not only to buy enough computers and gpu but to get the required buildings and ppl to operate the rigs. Not 10? Then 20, and we have more than enough to also pay some nice holidays  |
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The fact that no client would accept it?
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Actually it would take like 10 millions $ for a 51% attack...
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Yeah. Just make sure you never lose the right wallet.dat. Note that when you send coins the change for that transaction is put in a new address, so a backup wallet can get outdated (since it would not have that new address)
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http://online.wsj.com/article/SB123758895999200083.htmlMoney from rich countries has trapped many African nations in a cycle of corruption, slower economic growth and poverty 50 are the years, wich today are more like 60 Over the past 60 years at least $1 trillion of development-related aid has been transferred from rich countries to Africa. That's where donations go As recently as 2002, the African Union, an organization of African nations, estimated that corruption was costing the continent $150 billion a year, as international donors were apparently turning a blind eye to the simple fact that aid money was inadvertently fueling graft According to corruption watchdog agency Transparency International, Mobutu Sese Seko, Zaire's president from 1965 to 1997, is reputed to have stolen at least $5 billion from the country. It's scarcely better today. A month ago, Malawi's former President Bakili Muluzi was charged with embezzling aid money worth $12 million. Zambia's former President Frederick Chiluba (a development darling during his 1991 to 2001 tenure) remains embroiled in a court case that has revealed millions of dollars frittered away from health, education and infrastructure toward his personal cash dispenser. Yet the aid keeps on coming.
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Wallet.dat hold the keys. The backup is obsolete only if you have new addresses in the other wallet.dat.
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