i read their paper early on seems pretty interesting, correct me if i am wrong, but the total amount of ether ever created is not capped? because of this i think i will probably pass on "investing" in this coin, but i might check up on it every so often to see how its faring. |
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Just wondering what most Bitcoin based businesses/business owners use for their accounting software. Are there any programs out there that have Bitcoin as a currency option? Or do you use a regular accounting program (like Quickbooks) and record the value of your Bitcoin in your local currency?
(sorry if this is posted in the wrong area)
you can try using Google Docs to keep track of bitcoin now, before I was just using python to calculate desired information via restapi calls. i also wrote a currency monitor in c# for windows machines that dealt with holding various alt addresses/shell commands to launch miners. on google docs you can just use: = GoogleFinance("CURRENCY:BTCUSD","bid") that will populate a cell in google docs with the current coinbase bid value, you can then formulate other equations using this specific cell to determine profit/losses. then you just need to auto sum a few columns etc. I find this easier right now compared to updating applications and scripts due to moving api's. edit: spelling |
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Do you think it would be possible for a person/entity to collect all bitcoins?
Like they only buy bitcoins and mine them and accept it as a form of payment.
Is this theoretically possible? it should be right?
what's stopping them?
Its impossible because many of us would never sell our coins for fiat currencies. I think alot of us will not spend coins until they are ubiquitous and are spendable nearly everywhere. This diverges from your topic a bit but something that I think people come to realize is you don't want to exchange your Bitcoin for Fiat value, what good is this except to garner more Bitcoin. You want to spend your Bitcoin as is on goods and services. Because of that I don't think anyone will ever be able to buy all of the coins existed. |
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It is not an offline wallet (cold storage) if it was created on a computer connected to the internet.
Well that is rather easy to hack then, isn't it. I just ask myself how do they find these individuals holding a decent sum of coins. My guess is people who are running bitcoin nodes are targeted. A list of current nodes is trivial to obtain. It makes sense that the probability is greater that these machines could contain coins rather than just selecting a machine at random. This and like Gavin said recently, you should assume your IP is associated your transactions. If this is the case then anyone with a significant amount of coins could be targeted when they broadcast transactions to the network with an address that holds alot of coins. Luckily it trivial to hide your IP during transmission of a transaction. Simply go here using TOR : https://blockchain.info/pushtx and post the hex of your signed transaction. That is actually really cool, I did not know you could just paste a signed TX into Blockchain.info. Thank-you for sharing this URL! |
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Iwant to know your opinion briefly. Consider tthat common people want easy to use things, common people don't know a lot of technology, common people use apple because android is to complicated and dangerous. So I am talking of this kind of people. Why should they use bitcoin? what would be their real advantage (and saving few dollars in bank fee is not so big advantage)? how would they use bitcoin? in which kind of transaction would they have a real benefit over actual systems so to use bitcoin?
The answer to these questions will require you too do some research, it is much larger than the space of this thread and what people will be able distill into several hundred characters for you. The questions you pose are very open ended as well. Edit: Spelling |
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It is not an offline wallet (cold storage) if it was created on a computer connected to the internet.
Well that is rather easy to hack then, isn't it. I just ask myself how do they find these individuals holding a decent sum of coins. My guess is people who are running bitcoin nodes are targeted. A list of current nodes is trivial to obtain. It makes sense that the probability is greater that these machines could contain coins rather than just selecting a machine at random. This and like Gavin said recently, you should assume your IP is associated your transactions. If this is the case then anyone with a significant amount of coins could be targeted when they broadcast transactions to the network with an address that holds alot of coins. |
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Instead of using denominations like mBTC, μBTC etc simply change the name of 1 bit coin to be 1 satoshi and let 1 satoshi be 1 bit coin. In other words if you currently own 10 bit coins they will become 10 satoshis worth 10,0000,0000 bit coins. I think this is the easiest solution.
Another denomination discussion, since their is no poll with this one, I will cast my vote by just saying no. Using all three together makes most sense to me: Bitcoin, Bits, and Satoshis. 1.0000000BTC = 1,000,000.00 Bits - 100 Satoshi = 1 Bit I still think we are quite sometime away from people adopting a new defacto name and denomination. Edit: Since no one said it earlier: You can spell it "Bitcoin", its not two words "Bit Coin". |
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The issue here is the ISP has log which can point it to you if someone want to spy on you. Changing IP doesn't solve the problem. Good point, I actually did not even think about that. I was just thinking about the scenario if someone wanted to target valuable wallets, you would be able to change IP's so they could not target you. |
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Today I saw that my offline wallet is empty.  Someone has transferred all my 10 BTC. Status: 260 confirmations
Date: 7/16/2014 22:28
To: 1C1qWEU2xrh7CTFWVxohs9JzFiLDC6bXMs
Debit: -10.00 BTC
Transaction fee: -0.0001 BTC
Net amount: -10.0001 BTC
Transaction ID: b1de73c8ffd10d31f9e2fecf93b4d0afe4b3e0a2ec75fb1ef72ae7671a747c29Can anyone give me some advice on what to do please? How could this happen? Nobody has physical access to my computer. My backup wallet is on usb flash in safe place. If you want us to determine how the coins were stolen, you need to post more information on how you generated your keys, what software was used to generate them?, was the machine on the internet when the keys were generated? Was that machine ever connected back to the internet afterwards? Did you format the machine? Did you use Dropbox or save it somewhere else? Offline storage means generating the bitcoin address offline, then never allowing the machine to ever connect to the internet at any point. You create signed transactions on the offline machine, then copy the signed transaction data to a computer that is online, then broadcast the tx to the network. Edit: Clarity |
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Salut,
J'utilise comme porte feuille bitcoin '' multibit '' !!
Je ne suis pas sur de bien comprendre a quoi sert l'onglet requête ... ??
J'ai compris par contre qu'il permettait de générer une nouvelle adresse, est-ce important ? A chaque fois que nous recevons des bitcoins, il faut en générer une nouvelle ?
Comment ajouter une étiquette a sa nouvelle adresse ?
Hi maxpenh, You might have better luck posting this topic in the French Speaking board: https://bitcointalk.org/index.php?board=13.0 |
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Specifically I am asking, why arent savings being passed down to the consumer?
Just as there gas stations incentivize people to use cash, why are merchants generally refusing use of bitcoin as a method of payment.
Every single merchant is generally insulated and guaranteed against price fluctuations of bitcoin, but yet none of them seem willing to pass these savings onto the consumer.
Why?
Even if you advertise a discount of 0.5% it becomes a legitimate talking point and tool to demonstrate real world advantages over CC, no matter how diminutive savings are, they still become tangible. This becomes especially useful when crafting arguments for utilizing bitcoin.
As an industry and early adopters, we should demand that these merchants share their reduction in cost of transactions.
I believe coinbase is trying to help merchants provide lower prices for purchases done with bitcoin: http://www.coindesk.com/coinbase-merchants-offer-25-discounts-bitcoin-purchases/ |
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Cold storage = paper wallet, offline computer, secure hardware wallet, etc.
What do you think is the ideal percentage of BTC that should be kept in a cold wallet? Is there a trade-off between usability vs. security? If someone intends to hodl their bitcoins long term then perhaps 90 percent in cold storage sounds good. If someone is using their bitcoins to buy things, gamble, day trade, and invest in altcoins, then I would imagine 90 percent would be a pretty unrealistic figure.
What do you think?
Its very easy to use an offline wallet, and complete transactions quickly while its stored securely offline. This can be done in under 10 minutes in most cases, alot faster if you have practice. I would store every coin you have offline unless you need access to some immediately. Always use 2 Factor authentication when possible if you store your coins on online wallets. I would research the Armory wallet: https://bitcointalk.org/index.php?topic=139601.0Also if you can just download the vanity address generator and create private/public key pairs offline. Create backups of the keys on paper and/or encrypt them with a PGP key and save off the files on secure storage. Format the machine, and install another operating system before it is allowed to connect to the internet to ensure your keys were not saved and will not be broadcast to the internet. Alternatively if your storing serious coin, just buy a new hard drive and destroy the old one after formatting a few times. |
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Could somebody please explain me the meaning of "Next Generation" currency? Or maybe any references to the articles about it?
I posted this reply in a similar thread and think it might also be applicable here: This paper should explain some of the concepts about what makes Bitcoin a "next generation" currency: https://bitcoin.org/bitcoin.pdf Just some keynotes: Bitcoin is a digital currency that removes an element of trust and allows for a user to store personal wealth securely without the need of a financial institution who will typically tax or charge you for transactions, transfers etc. Bitcoin allows for funds to be transferred digitally across the world securely to anyone else with a Bitcoin Address, this is without you having to trust anyone with your funds to arrive at the destination. If you learn about transactions enough you can even broadcast your transactions with no fee, so you can move your coins for free (this is frowned upon and your transactions can often be ignored by miners). The list of benefits and innovations the Bitcoin protocol provides seems too long to list here or to even derive from reading Satoshi's paper alone. You will need to research this subject for quite sometime to get a good grasp on the expansive answer to your question. My recommendation is to stay away from alternative blockchains, if this is what your asking about, it is quite easy to produce altcoins and some people can make new coins in under hours, some websites/services offer coin generators. Most newbies think they can invest in altcoins and it is something new and exciting but *most* most tend to be pump/dumps and they will flutter out. If their is some serious or necessary innovation made to the bitcoin protocol, their is a good chance if it is beneficial enough and has little/no repercussions it can and might be implemented into an official client. Cheers, juju |
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When i read about bitcoin, i often see concept of "next generation currency". So, i can't understand difference between "next generation" and bitcoin now.
What does mean "next generation" termine, and what currency belong "next generation", what currency don't belong that???
This should explain some of the concepts about what makes Bitcoin a "next generation currency": https://bitcoin.org/bitcoin.pdf Just some keynotes, Bitcoin is a digital currency that removes an element of trust and allows for a user to store personal wealth securely without the need of a financial institution who will typically tax or charge you for transactions, transfers etc. Bitcoin allows for funds to be transferred digitally across the world securely to anyone else with a Bitcoin Address, this is without you having to trust anyone with your funds to arrive at the destination. If you learn about transactions enough you can even broadcast your transactions with no fee, so you can move your coins for free (this is frowned upon and your transactions can often be ignored by miners). The list of benefits and innovations the Bitcoin protocol provides seems too long to list here or to even derive from reading Satoshi's paper alone. You will need to research this subject for quite sometime to get a good grasp on the expansive answer to your question. My recommendation is to stay away from alternative blockchains, if this is what your asking about, it is quite easy to produce altcoins and some people can make new coins in under hours, some websites/services offer coin generators. Most newbies think they can invest in altcoins and it is something new and exciting but *most* most tend to be pump/dumps and they will flutter out. If their is some serious or necessary innovation made to the bitcoin protocol, their is a good chance if it is beneficial enough and has little/no repercussions it can and might be implemented into an official client. |
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The Bitcoin block chain is trustless in the sense that it's automatically secure. What about Bitcoin wallets? Can't they make fraud payments with the users' bitcoins? If someone installs an insincere Bitcoin wallet then it can start paying bitcoins to some other Bitcoin address than what the user has intended. Or?
Generate your own address using the guide below on an offline computer without network card or network card drivers: http://www.righto.com/2014/02/bitcoins-hard-way-using-raw-bitcoin.htmlLive boot to an OS offline and use any wallet to generate a key or vanity Generator, backup the keys on a piece of paper, or to a USB drive after you encrypt the files containing the keys with PGP. If you don't want to live boot, be offline and just make sure too format the computer you used to generate the keys with while its offline before it ever goes back online or destroy the hard drive that generated the keys and buy a new one. |
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Funny
Ink
Ancient
Tree Pulp
This is kinda fun
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Electrum password alone isn't sufficient (assuming the attacker got it through your dropbox plain text file), he'd also need a copy of the electrum wallet file. Any idea how that was accessed?
If I understand the OP correctly, both the wallet file and a plaintext txt with the password were on a dropbox volume. I don't use electrum but the way I understand it is the wallet is constructed from the 12 word seed. That's why I asked Klee for kleerification... (*snort* sorry) There's a password that secures your wallet file, and there's the master seed. With the seed, you're able to access the funds all by itself, but with the electrum password alone, you still need the wallet. They had both.. EDIT: Apologies for not replying but I am trying to manage a mess here (format the computers, contacts with authorities, phone/skype calls etc).. Doesn't dropbox use 2-factor? Yes but you need to turn this on, and its not on by default so the likelyhood that it was on is slim. Additionally if anyone is reading this on top of the 2 factor, you can manage which machines/devices have access to your files so you can see what machines are actively syncing. My sincerest condolences to the OP, Storing the seed needed to take the wallet on dropbox seems unsafe but probably worked well enough for him for quite sometime. I am sure many people have already suggested it but you should build a machine that does not have a network card or network drivers then generate an Offline Wallet. This is really only a good solution if you intend to rarely ever use the coins because preforming the offline transactions takes a tiny bit of extra time and requires two computers and a fully updated blockchain. |
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He's has a account here on btc talk. He is/was (can't tell) the organizer for the chicago bitcoin meetup which he seems to use to pump his many businesses (constantly sends out advertisements to us). He definitely seems like a shady business man that just trying to get a buck. I wouldn't trust $1 with him.
Thanks. I think he also is in charge of the Seattle bitcoin meet-up. Have you ever seen his face? Know his real name? That kind of thing? If you really want someone to dig into someones background, I recall someone in the Gambling / Lending boards who provides a type of "background check" service for BTC fee, I think its the same type of background check for loans etc. User: RiverBoatBTC but I could be thinking of the wrong person, I haven't been around those boards lately. I recall someone talking about Moriarty a bit back and they claimed he should be avoided because he paid for an fluffy interview or article to be written about him or his sites. (I don't even remember what site or what it was even about). As a humorous side note, Wikipedia says: Professor Moriarty is a fictional character in Sherlock Holmes books "...a real-life criminal mastermind...", "The character was introduced primarily as a narrative device to enable Conan Doyle to kill off Sherlock Holmes..." Could be a coincidence |
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once someone has their mind made up, there's nothing you can really do. there is really no point in trying to dissuade them. this is the case especially with people who don't process the data given to them, but instead just take it as gospel.
Well my friend was really interested but since his wife works at a bank and she said scam, money laundering, bank notice where all tellers informed to watch out for it. He got scared and backed down I'm still going to do my part to educate both of them regardless if he is interested in investing or not. Forget about them, someone who works at a bank and won't form their own opinion on how to invest, then blankly repeats the reason is what they read about Bitcoin from news Subject titles over the past years deserves to "miss" investing. I have had similar experiences and I am inclined to believe many people here have also had similar events happen. I think one of the biggest issues is it takes awhile to self educate as it stands, additionally Bitcoin is so multifaceted that it requires some discipline from a couple fields. For the time being, Bitcoin is just too technical for the average person to pickup quickly/comfortably. It took me one year to get a Computer Scientist with over 20+ years experience to consider Bitcoin as a safe investment vehicle. Its not that he couldn't understand the points, but it took me about 1 year of mentioning it to them casually in passing how Bitcoin works and prodding them before they started to grasp the concepts. I have had good luck with getting Software Architects to understand and invest in Bitcoin, every Software Architect I talked to was fascinated and could see the implications of the protocol. |
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