 ...  This is brilliant. Mike Caldwell, are you seeing this? Can you make some square 100 bits Casascius coins? |
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How come there are people who use Bitcoin but don't know who Jeff Garzik is? Is it because they don't appreciate the technology part of it and only care about the user and business aspects of it? I guess he's been pretty low key on the forums lately, but his name is still all over the source code.
The culture is shifting and the history is being forgotten. I applaud Jeff for being very transparent regarding his holdings and reminding people that it takes real work by regular people to make Bitcoin grow into its potential. |
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he is just saying 348 it really is 348,000 I know.
No he's not. He really means 2 less than 350... |
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Jeff is dispelling the myth that everyone involved with Bitcoin development and all early miners are rich. He's not. I am an early miner (ie, laptop era mid 2010) and I'm basically of zero net worth (I have about as much bitcoins as I have med school loan debt). Not everyone who helped build the ecosystem was doing it just to get rich.
I mined in the naive hope that the project would succeed and maybe someday someone who can't open a bank account can keep savings safe without having to physically defend them. I've been there. It sucks (I'm not exactly well built). Was I rewarded handsomely for it? Yes. Am I rich? No.
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Good thing bitcoins aren't measured in dollars...any token intended to circulate in units of less than 1 dollar are illegal...but not tokens measured in other units (like troy ounces, grains, grams....uh...bitcoins)
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When I clock out I just want to be done. Burn my priv keys  gg I think this will be done with an autonomous organization using platform like ethereum.. when someone is alive he sends certain btc to a company that creates artificial bodies, the company does not have possession of the private keys( like how blockchain.info does).. A contract is setup, and when the person dies and the death is confirmed, the DAO smart contract is activated which will take the mind backup and create a new person, i mean the same old person. Wouldn't it be a new person with your memories :-) ? |
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False flag trolling.
Bingo. Bonus for brevity. |
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Bitcoin as an investment may fail. I think it will succeed spectacularly as a payment network.
That said, Bitcoin and gold have a lot in common and gold has been good money for thousands of years. The only advantage to gold is that it's extremely durable (it doesn't rust). There's roughly 1 Troy ounce of gold per person on earth and the gold supply inflates about 1-2% per year. While the inflation of the Bitcoin supply is about 12.5% per year right now, there are far fewer than 1 bitcoin per person.
Bitcoin is much easier to store, defend, transfer ownership of, and transport. Fungibility of gold and bitcoin depends on access to ways of melting the gold and careful usage of bitcoins.
Bitcoin has the properties humans want in a ledger system to keep track of our debts...don't forget, gold gets it's value for being a ledger that doesn't need any translator or language for that matter. Society accepts a 1-2% forgery rate in the ledger (ie, newly mined good)....the only reason people tolerate new gold is that there has never been something truly finite to use as a ledger and gold inflates slowly.
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So, you've got all your precious Bitcoins locked up
in cold storage... you've take all technical procautions...
but then a gunman breaks into your house and says
he's gonna shoot you in the face unless you turn
over your private keys.
You could try to thwart this by preparing a decoy wallet
or two, but do you trust yourself not to buckle under
the pressure?
My solution:
You have a transaction already loaded which sends most
of your cold storage funds off to another secret wallet
which you have the keys to in a safe deposit box.
When the gunman breaks in, you hit a button, and
boom, the transaction is broadcast, you no longer
have your coins there.
Or, if you are caught off guard, you say, sure you
can have my coins, let me login... you "login"
or access a secret URL, and it whisks away
your coins to saftey while giving a decoy address...
If under pressure later, you can reveal the other
address, but now its too late, the coins are gone.
thoughts?
The first ios Bitcoin wallet app (called BitPak, with a k) had that feature years ago. It also downloaded the entire blockchain to your phone. But yes, your idea is a good one and is worth repeating to wallet devs. |
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I'm not convinced that the coins will be unarguably the property of the buyer. Has the US Marshall Service really never sold property that wasn't theirs to rightfully sell? Not even once? I doubt it. I'm sure there have been mistakes in the past. The question is what can be done about improperly sold property?
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They're only requiring $67/btc deposit
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iOS 8 had a new currency symbol available when holding $ on US keyboard and having Thai keyboard enabled: ₽
It looks like a bold P with a horizontal bar on the upper part of the stem
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There are probably seversl hundreds of early miners that mined briefly but stopped after a few hundred to a few thousand bitcoins. I mean, even Hal Finney didn't mine for very long.
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Keyword garble to trick automated sentiment trading bots?
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Almost one month gone after KNC became platinum member of TBF.
Anyone got the tx id?
Phinnaeus Gage??
Nope! I'm still waiting for TBF to send me the announcement that there's an election coming up. They had no problem emailing be a couple days after I created a fake account with all fake info, kindly asking when I'm going to send my $25 membership fee. What is the biggest transaction you ever made? (Including within your own wallet) Can you post the txid? I think it's silly to ask for such private information. You know full well why, for very valid reasons, you won't get an answer...I wouldn't even acknowledge such a request made of me, much less comply... |
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Then the world would laugh and quietly ignore such nonsense.
But worry not, such craziness won't occur. It's not under anyone's control except consensus of the community.
Even if the core devs vote to remove the 21M limit, it still won't make it so.
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