You are confusing paper private keys with paper wallets.
Using a JavaScript client to generate these paper private keys (like BitAddress) is a bad idea (even offline), because of the lack of true randomness.
Have you used it? It has mouse entropy+character inputting which gives randomness unlike other wallets. And does this generate true randomness? Or is it just a placebo effect? I'm not an expert, but according to what I've read this is a not a good practice. Care must be taken to securely generate keys since an attacker can steal stored bitcoins if it is exposed, transmitted, or generated with insufficient entropy.
Some websites feature a free open-source client-side paper keypair generators written in JavaScript. Using these is generally considered a bad idea and inherently insecure. A web-based generator should not be used.
A generator should use an appropriate source of random numbers (entropy). This means that the generated keys aren't predictable. If the addresses come from a predictable or partially-predictable patterns like pseudorandom numbers [1], someone else who can predict the pattern can steal the balance. Ideally, randomness should NOT be human generated. https://en.bitcoin.it/wiki/Paper_ECDSA_private_keysAlso: https://bitcointalk.org/index.php?topic=101733.0https://bitcointalk.org/index.php?topic=153990.0 |
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How come a coin with 2 million total coins can be called rare?
There are plenty of other coins with total coinage less than 1million, not even claiming to be rare.
But 2 million is definitely not rare.
I think it's just marketing. In general, choosing a good name to a cryptocurrency is not an easy task. Anyway this is a minor issue. And 2 million of units isn't much for a currency. OK, you can use the subdivisions, but with 2 million, the use of subdivisions is a rule instead of an exception. So, it's still "rare". |
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I'm using paper wallet now for cold storage and blockchain for everyday use.
Which site paper wallet you are using There is no relation between paper wallets and other wallets, paper wallet is a wallet but it is usually misunderstood as there are many ways to create it and most of them prefer to do it online but it is depreciated as it destroys the real use of paper wallets and is less secure. I recommend you to use bitaddress.org offline version or use other offline paper wallets generator to secure your Bitcoin. -MZ You are confusing paper private keys with paper wallets. Using a JavaScript client to generate these paper private keys (like BitAddress) is a bad idea (even offline), because of the lack of true randomness. If someone wants to use paper wallets, I think the best chocies are Armory, mSIGNA (btw, I didn't see any mention to mSIGNA here, although it's endorsed at Bitcoin.org. Nobody at least tried it?) and Electrum. If you don't want a wallet to this, just a generator, Bitcoin Address Utility can match this. https://en.bitcoin.it/wiki/Bitcoin_Address_Utility |
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I use both blockchain and coinbase but coinbase has not been so good as it does not transfer to my bank account and does not transfer few bitcoins to another account. I also have a xapo wallet but the transaction fee is about 10% of the amount you transfer.
How does Coinbase work with your private keys? Is there a way to view/export them? A big NO. We can only tell them where to send the BTC and how much.  -MZ Coinbase has a multi-sig wallet too. https://www.coinbase.com/multisigI also heard they close accounts associated with online gambling. I should really read their TOS... Yes, they block the access to the bitcoins if they think you're doing something they don't approve. I don't know if they have the same police with the multisig wallet. But I'd put a red flag in the case of not being posible to revoke Coinbase's keys. Anyway, using wallets which doesn't give the control over your money to you is also hurting other Bitcoin users. When you request a payment using those wallets like Coinbase, they send an e-mail to the recipient requesting the recipient to open an account at Coinbase to send the bitcoins instead of putting a Bitcoin address to send the bitcoins. http://www.reddit.com/r/Bitcoin/comments/2wnspl/psa_youre_using_coinbase_circle_etc_wrong/http://www.reddit.com/r/Bitcoin/comments/2wmp0m/we_dont_want_you_using_bitcoin_we_want_you_to_use/ |
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1.1.0.2 here and not syncing. Just got 0 connections.
Just to update, now it's syncing, with 24 connections.  I don't remeber a time when I got this number, other coins always sync with no more than 10 connections in a lucky day... Edit: now it's with 25 connections. |
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1.1.0.2 here and not syncing. Just got 0 connections.
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Its a pretty impossible scenario to imagine, for bitcoin to have 100 trillion usd market cap. I doubt it will ever be so significant to reduce value of usd or eur , for that matter.
Anyways, as someone allready mentioned, it seams that u can set the tx fee under 1 satoshi, so theres your answer op, nothing to worry about.
As bitcoin usage increases, there may be many more issues, but almost nothing is hard coded, and bitcoin can be modified to embrace any changes it may need in future.
cheers
No, this wouldn't reduce the value of the US dollar or the euro. But at this point, 10 USD can have the purchase power of 0.5 USD today. This is possible if the US dollar goes to another century and lose 95% of its purchasing power again, like happened in the last 100 years. BTW, 100 trillion USD is more than the entire worlds's GDP (75 trillion USD). |
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BTW, the Paycoin's market capitalization is less than 500,000 USD away from Peercoin... I'm just waiting for the moment to drop below Peercoin...  |
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I prefer this:  |
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Hola, vivo en Brasil.
Estoy investigando acerca de las criptomoedas desdeel año pasado. Esto es muy interesante. Conocí a Bitcoin por cuenta de una criptomoneda alternativa llamada Dilmacoin (en alusíon a la presidente Dilma Roussef).
Saludos
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Well, it depends:
1. Dollars from where? 10 dollars from Australia aren't the same 10 dollars from Hong Kong. Please, specify.
2. And at what inflation rate? 10 dollars from some country can buy a lot of things today, but absolutely none tomorrow. So, at this point, 10 dollars probably wouldn't mean an expensive transaction fee.
he is trying to say that the very little amount as 1 satoshi may one day be too valuable for it to be used to pay the fee for transaction. While i dont believe it can any day become so expensive, you could just choose not to pay the fee for smaller amounts, or its possible that we will have option to choose some online account like coinbase, just to transfer bitcoins from 1 account to another through their software (without using blockchain transaction) cheers But if Bitcoin would have a 100 trillion dollars cap, it's probably 10 dollars woun't be really valuable. Dollar could "lose" a lot of "value" in this way, and 10 dollars would be just nothing. Like the 50 Argentine Australs ( http://en.wikipedia.org/wiki/Argentine_austral ) which I have here. In 1991 when the Convertibility Law was introduced, 50 ARA (which was originally a banknote) was the equivalentent to 0.005 USD (or 0.005 pesos after the re-introduction of the peso), so you couldn't even get a 1 centavo/penny coin with that banknote. Anyway: https://bitcointalk.org/index.php?topic=961757.0 |
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Well, it depends:
1. Dollars from where? 10 dollars from Australia aren't the same 10 dollars from Hong Kong. Please, specify.
2. And at what inflation rate? 10 dollars from some country can buy a lot of things today, but absolutely none tomorrow. So, at this point, 10 dollars probably wouldn't mean an expensive transaction fee.
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The fee goes to the miners, not to the website.
So, if you go to Electrum and "say" to it: send 12.48509483 BTC to address 1xxxxxxxxxxxxxxxx, that addres will receive 12.48509483 BTC, no matter how you pay in fees. The fee is paid by who send the bitcoins, just like who send a letter by the postal service is whose pay to send the postal service, and not the destinatary. Or if you have to send 500 USD via bank transfer, who has to pay the rate is the sender, not the receiver. The same pattern is valid for the gambling website.
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People are confusing scarcity with rarity. Scarcity is about having limited quantity. You can have Bitcoin with 21 million of bitcoins, or an altcoin with 1 trillion of coins and the same market cap, the two are scarce in the same way, because the two have a limited emission and a limited quantity. A unit of a bitcoin will be more rare in terms of numbers or atomic units, but after all, this will be just a cosmetic issue. The same happens with water: Earth has a lot of water, but even with this, water is scarce, because you can't create water. And an example of a currency that you don't have to deal with subunits and has a low inflation: http://en.wikipedia.org/wiki/Japanese_yen |
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Regular users (99% of computer users) have no idea what the term "compile" means
I know what compiling means, but the problem would be compiling on Windows. I have a Linux machine, but it is very old (9 years, and sometimes resets out of nothing) so compiling something on it would take ages.
That's why I mentioned that the link for binary is also available on http://blackcoin.co/I was talking about those links. It seems it was just a moment of bad luck, because it's working now. Thanks. |
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Market cap is not a good standard to claim if one coin is dead or not. Sorry, but this thread is ridiculous.
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This question is totally irrelevant. These numbers are just a convention, just a formality. What is relevant is how and in what rate the supply grows. BTW, the coin with greatest supply is Pennies: 49,438,791,994,705 (158 times greater than ColossusCoin). Interesting to notice that they cutted the decimal points. http://cent-pennies.com/blockchain/block_crawler.php |
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