I was doing some research on Counterparty and thought "Why didn't Satoshi "burn" his coins if he didn't have any intention to access them again?"
Nobody has any clue about Satoshi's intentions. He might have earned enough in real life to not require the BTCs mined early on to sustain himself - thereby not moving the coins. He might have simply lost the private keys and so the coins can't be moved. He might have died and once again the keys lost. He may have mined later on to some addresses that we don't know about and spent from there. We simply don't know enough to make even a relatively informed guess about Satoshi's intentions. All we know for sure is that some of the early block rewards haven't been touched - that's about it.
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You compare Bitcoin with a company? Its a virtual currency! How how long has been the United States Dollar been running?
It isn't a fair comparison though, the USD is one of the most traded currencies financially (it would swallow up Bitcoin in terms of just financial transactions - let alone consumption) and is widely accepted not only in the US but even in other countries for consumption purposes. Bitcoin doesn't have this at all - it isn't used at all as a financial instrument - nor can you buy everything you want with it. Rather than a currency I would still consider Bitcoin to be a commodity - it might become a currency one day but only when it reaches a decent adoption.
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It does seem as a great marketing move which would increase global attention and potentially foster acceptance. So why not.
Because in all honesty it would just be seen as a joke. No one really takes these midget nations seriously (not to mention it's usually in disputed territory between other countries - so these micronations may not even legally exist), it would just bring a bit of attention. In reality, there are many, many better ways for Bitcoin to gain attention and hopefully adoption (i.e. acceptance by a big merchant, integration into everyday commerce).
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Malware in those links. My AV just went crazy.
Not sure if it's just your AV. I just went there and they go to the usual Youtube pages - and my AV didn't notice anything different.
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So if you block users from US depositing on your site is enough, or do you need to block faucet too, so they can't play anymore?
I'm pretty sure blocking (or at least taking reasonable preventative measures) would be enough for US law enforcement to leave PD alone. I really doubt Stunna would need to disable the faucet - if you really want to play just buy a VPN. It isn't that hard to set up and get back to normal (plus its extremely useful for security and anonymity).
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I don't get it. This PC isn't used much and is always running a VPN. Is there any way there is something wrong with electrum?
Potentially, but considering that there hasn't been a sudden onslaught of people saying they've lost BTC from their Electrum wallet it leads me to believe your case is more isolated. I take it your running Electrum on Ubuntu on the VM, which would tend to nullify the effects of most wallet stealing malware. Have a look for any RATs - might be that.
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i don't see any problem in selling the entire wallet(just destroy all the backup of it, and possible private key of that wallet), you will then make another fresh one, see it as "one private key"
If you did that - there is a problem for the buyer in that you could potentially move the coins out of the wallet back to you faster than he can. If you already transferred the funds instead - there is absolutely no point in providing the private keys, unless you're trying to use it to fake verification or something. There isn't actually any real use to sharing keys since you cannot ensure that your funds are ever safe there.
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If I'm the buyer I would be reluctant to participate in the trade. What guarantee would I have have, that in the event after paying you the money, you would not transfer out all the btc contained in the address since you also maintain a copy of the private key? It's still sounds more logical that in whatever scenario, it would still be best to use an escrow service.
You'd have no guarantee whatsoever - they could do so instantly if they planned for it (ie. by using a script). The best is still the standard method - if you don't trust the person you're trading with then use an escrow, otherwise send it directly. There really isn't a need for giving away private keys unless you want to trade an account or something you've verified with that address.
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Can't find any evidence of an infection. I use VPN on my VM, can't figure this out What AV software are you using if I may ask? Have you used this specific Electrum wallet before (or any other addresses from the same seed)? Did you access the wallet before the funds were stolen - or were they just taken immediately after an initial deposit? A VPN wouldn't really help you in terms of security for this kind of thing - more useful for privacy and anonymity.
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Enrolling in this campaign instead. Sent a PM - waiting on a response from Carra23.
Username: Light Rank: Hero Post Count: 1742 (including this one) Address: 1Light1BN9Lu38Jab9iqVmJXt4Rc66WAoB
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The money some of these startups are raising is ridiculous, no proven record to make a profit, no provable business plan, not even a proof of concept
Who the hell is buying into this?
The people who buy into this do so for the same reason that venture capitalists are willing to put 20 million into random new tech startups (ie. Secret). They're basically trying to find one which will hit it big so that they make a huge amount out of it when they sell off their share. For us it looks stupid, but they have the money to throw around and they think eventually they'll hit the jackpot with a startup.
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Bought some BTC from him. Trade was quick and efficient. Would recommend again in the future.
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Rumours are that Stunna is from Australia ( I could be wrong ) and its not about residing in US or not because this is more like PrimeDice protecting itself from any issue that might happen in the future.
Moreover perhaps Stunna is concern about what if the US charged him from accepting a deposit from the US players, so that could be why this precautions is taken I would tend to agree that it is a precautionary measure to ensure that he doesn't face any issues further down the line (seems logical given the US has started becoming more active in targeting Bitcoin ie. Micon). That being said, the way I understand it is that he just needs to ensure that none of the players are from the US to a reasonable extent. So honestly you could quite easily use a VPN and I'd think you'd be fine. It's akin to the idea where fences are in place to prevent people accidentally falling off a cliff - but if you intentionally climb over and jump it isn't government/council responsibility anymore.
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I'd like to enroll for this campaign.
Name: Light Position: Hero Wallet address: 1Light1BN9Lu38Jab9iqVmJXt4Rc66WAoB Starting posts count: 1738 (including this one).
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I wish to enroll for this campaign. Confirmation would be appreciated.
Name: Light Post count: 1737 (including this one) Rank: Hero Bitcoin Address: 1Light1BN9Lu38Jab9iqVmJXt4Rc66WAoB
I've decided not to enroll after all. Sorry for any inconvenience caused.
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Might as well try.
22nd May 2015 for the 100,000,000.
1Light1BN9Lu38Jab9iqVmJXt4Rc66WAoB
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Well, I don't think the bolded part is true. Most of the scams do not work on improving and coming up with new features. AFAIK, there are more features to come. That's because most scams have been historically extremely lazy and are rather garbage at maintaining any semblance of legitimacy (I used to patrol this sub for scams when I had the time). A well engineered scam would pose exactly like a normal entity so as not to attract attention - it's a sad fact. As I keep reiterating, most of this is just amusing discussion for the sake of the argument - I don't necessarily believe it is true in the case of dadice.
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I don't think the latter part makes sense. AFAIK, they are here to stay and is aspriring to be the number 1 dice site soon. And they are working hard on it. If you haven't noticed, they are building on their features and their devs are actively working on the site and come up with new ideas, features etc. They wouldn't do it, unless they are genuinely interested in becoming the best Bitcoin Dice site around. It makes sense if you're trying to maximise the amount you want to scam. You'd have advertising campaigns to increase awareness so you have more investors and players to steal from later. You also implement new features to keep those players moving to other sites (and thus also retaining your investors - no one is going to invest on a site where no one plays) in a highly competitive market. But as I said, it's playing the devil's advocate - I don't necessarily think this is true, but if you think about it, doing the right thing and doing the right thing to maximise the scamming potential produce the same results.
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We just don't have the technology to do so. The amount of time and power required to brute force this is hard to say. It would take who knows how many years it could be after most of us are dead.
Maybe if a future far far away... but not going to happen anytime soon.
I heard some scientists saying that it still may be impossible in the futute because computers will have a limit on how fast they can process information, since information itself cant travel faster than light
Holy crap, the amount of misinformation in this thread is mind boggling. First off, the theoretical limitation IIRC is because of thermodynamics NOT the speed of light. Everything you do (including calculations) requires energy. There is a minimum amount of energy required for any single calculation and hence you require incredible amounts of energy to actually bruteforce the entire keyspace. This isn't entirely true as the security of Bitcoin depends on SHA-256, RIPEMD-160 and ECDSA being secure - but bruteforce attacks are not viable.
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Do check on my above post regarding their statement on this investment-trust issue. What I can say is that trust needs some time, by now Dadice has paid alot for the sig campaign advertisement along with the social media advertisement and also some bounty for the roll event. This is sure an indication that they are here to stay , do some business and aim for the top dice sites, but still, do use some extra precautions because any sites can go MIA in a night I agree to an extent regarding their own time investment and various social campaigns it is an indicator that they do want users and are here for the long term. However, to play the devil's advocate, it's also exactly the thing you'd do if you wanted to build up both investors and users so you could scam the most BTC possible. Not saying that's what's going to happen - but I would take that observation with a grain of salt.
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