I haven't heard any news or updates......
any alpha members in here? is this transition going to be like butterfly labs release of their asics?

I saw this question on reddit the other day and was wondering....

(but it could be encrypted so still useless if they don't know the passphrase right?

I printed out 2 paper backups. Should I put ALL my coins that I am saving on this with essentially 3 backups?
Should I do more backups? Is it possible to backup to a usb stick as well?

(when I rescue a wallet and it has all that data... is the passphrase involved at all? is the passphrase somehow stored in the data as well? What if the passphrase is lost? Just curious.

they made a post on reddit but it's already been overflown basically.

vote it up : http://www.reddit.com/r/Bitcoin/comments/1bmwsa/mtgox_statement_regarding_ddos_and_trading_lag_on/

http://www.facebook.com/MtGox/posts/453409538076792

parts that concern me: What can be done? Believe it or not, there is pretty much nothing that can be done. Large companies are frequently victims of these kinds of attacks. Even though we are using one of the best companies to help us fight against these DDoS attacks, we are still being affected.

but then they go on to say this: There are a few things that we can implement to help fight the attacks, such as disconnecting the trade engine backend from the Internet. By separating the data center from the Mt.Gox website, we will continue to be able to trade.

also this: We are working on it by creating a new trade engine that will solve many problems, but it’s not a magic bullet

without resyncing?

okay it's kind of silly but the idea is this:

How "don't put all your eggs into one basket applies to bitcoin"

answer = divide your hoard up into different wallets

>: D

ouch

NT

http://mobile.blogs.wsj.com/cio/2013/04/01/western-union-eyes-digital-currency-services/

""westen unions well established compliance programs would be considered a competitive advantage in digital currencies because it's a trusted brand"


do you think this will basically mean that it will be easier for someone who has bitcoins to convert them to cash? Instead of going to local bitcoins they will just go to western union?  do you think the bitcoins that are used to convert into cash will need to be sent on the other end from a western union controlled place? or from anywhere?

do you think western union is seriously considering incorporating bitcoin somehow? I don't really understand what this article really means for bitcoin.

I bought a butter fly labs single for 1333 instead of buying 1333 worth of bitcoin  (at the time btc price = $15)

if I was one of the early adopters with 100k coins I probably would have bought it lol. I love porsche . But I'll stick with my TDI!

a travel hub and tourist destination!

Here is my line of thinking... if a small country either makes bitcoin their official currency or at least makes it as accepted as their currency is alongside it.... and it was a tourist destination then anyone in the world with bitcoin could travel their... they could pay their hotels... pay their food... pay their tax and everything in person with bitcoins. I think this would actually draw a significant amount of travel to the place... it will increase the wealth of everyone on the island and result in possibly new entreprenurial things. They could tie their prices of things to something stable besides bitcoin so they don't price people out of using it when they get there.

http://www.reddit.com/r/Bitcoin/comments/1bkiz1/now_is_the_time_for_a_small_country_locality_to/

Thanks... he decided to go with coinbase. I think the bitfloor method would have been better but thanks for your replies it was what I was looking for.

I tried to send .005 bitcoin to someone...... a window came up that said "please wait" . after waiting I finally quit and exited. Now whenever I start electrum it just says Synchronizing. There is no balance shown.
I tried downloading the new version . 1.7.2 instead of 1.6.2  . it still says synchronizing........... and I don't have access to my wallet
Needless to say my friend who I was trying to send bitcoins to is not impressed

So basically you make a deposit at bank of america... do you wire transfer it to bitfloor? Do you need a bitfloor account first I guess?

(sorry this is for my dad)

I know bank of america can deposit to bitfloor but can you go from BB & T to bank of america then to bitfloor? do you need to create an account with bank of america? Or do you just wire money to BoA then transfer it to bitfloor?

So in order for transactions to occur on ripple... it will exchange whatever currency (dollars or bitcoins or whatever) into XRP and then send actual XRP? Is that correct?
100 billion XRP are created so what is the projected worth of XRP? I heard no new XRP gets created but some gets destroyed? I need to read more ><

solved!