false statement.

its like someone saying they walked the altitude of mount everest, by climbing a small hill hundreds of times over their life. but never going over 200 metres above sea level

its like someone saying they are a millionaire, by working all their lives for $20k a year until their 70year old. but never having more then $20k in their bank at one time.

... introducing............ localbitcoins.com

email the media and inform them of the truth. make a video informing people how media is exaggerating about a simple blog post of a single person.

today it takes just as many pickaxes strikes to the dirt to get an an ounce of gold.

so get with the programme and use the proper equipment to do an efficiant job.

it costs less electric to mine a bitcoin with an asic, that with a CPU or GPU or FPGA.

imagine if ASICS were not invented, or JCB excavators were not invented, the blood tears sweat and arguments of inefficiency would be much worse.

i laugh at people spending all day looking at transactions.. very boring life. whats next a topic about millions of transactions. then a topic about transactions with only fee's, then a topic about high value single transaction, then a topic about a sing transaction where the fee exceeds the value to destination. then a topic about single transaction to multiple destinations, then a topic about multiple origins to single destination. then a topic about any there boring transaction that is more boring then reading my waffle.

point is dont try to waste time trying to think about the reasons. in a country of 60million people+ you will find times where a single person wins the lottery, or a bunch of them, you will find times that one person protests his rights or thousands of people protest their rights,

in nature all possibilities are possible, so dont sweat the nature of bitcoins. it could be a slowday, it could be a miner that formed a block by ignoring other transactions. either way, life moves on, and so does the blockchain.

have a nice day

answer to topic question:
someone or more then one in every country is using bitcoin, but the ISIS bitcoin propaganda only began by words of a single blogger writing a paragraph on a website. not provable words or speeches of a militia

internet: compuglobalhypermeganet
bitcoin: decentralisticcryptographicallysignedledger

virtual:
gives the mindset that its fake, EG virtual reality=fake reality

digital:
mindset that its computer based, but doesnt limit it away from other types of digital currency EG FIAT online bank, facebook credits

cryptographic currency:
describes bitcoin but doesnt roll off the tongue

crypto-currency:
mindset that its 'cryptic' (mysterious, puzzling, secretive)

crypto:
mindset that its 'cryptic' (mysterious, puzzling, secretive), but rolls off the tongue

coin:
mindset that its physical

professionally i prefer cryptographic currency, but you have never seen me say on these forums, where i try to stick to laymans. so i say crypto-currency, or crypto.

the most simplistic explanation and example of a HYIP is bitgem...

its a hot potato
one person buys this 'potato' or 'gem' and holds it. it does nothing else but burns you, so you want to get rid of it. So you sell it for atleast the value you paid or with a small profit ontop.
the next person buys it and holds it. it does nothing else but burns them, so they... blah blah blah

i call them hot potato's, other people call them ponzi's, pass the parcel, 'rob peter to pay paul'

ponzi and 'rob peter to pay paul' are usually controlled and managed by a person. but the most simplified ponzi scam that is run by only code on a website is what i mentioned in the top line.

im not going to link any HYIP's direct as i hate HYIP's, i just mention it to show an example of it.

there is no conflict of interest. those in the foundation only have one interest.. greed. pre-mining their own new coin and selling bags of crap to naive noobs is all about the greed, fully inline with their interests..

i know thats why i didnt want him to totally give up, i wanted to see where it lead to and find out if he actually done much research and found a flaw. turns out he was a standard worry-wort.

darn it, you spoiled it for me.. i wanted to see how far down the rabbit hole of fantasy bitcoin attack theory byt411 would go, either deeper down to pretend there was a threat or would come back with an acceptable argument that no one has realised..

but you had to put the deathnail into his fantasy theory..

some of these new people need to realise bitcoin has been tried and tested by hackers and whitehackers for 5 years. and bitcoins is still here, so most theories of attack are already preventable. i just wanted to see if he was the acception that knew something we didnt



im having a comedy day today. chillin in the sun dont mind me

im in a joking mood tonight, it took me longer reading your initial post as i know your a long term bitcoiner, i was spending more time wondering if you were being serious at first..

so i started with a joke, but um.. yea controlling account creation.. as long as its code base not centralised based. which is a tougher one to get around because anyone can change the source to crack the code locally..

now all i need to do is create 4096 addresses so that the first 2 characters cover everything from aa to 99, to have addresses that are as close to the 'lottery' hash of 2 difficulty at launch day.. then give me time to make 262144 addresses covering aaa -> 999 to get as close to the next lottery hash before your lottery tries to get harder to outsmart me with a difficulty of 3 characters matching.. (i might get lucky that one of the 262144 also has the 4th character that matches too)

fastest cpu first, the game is on. who can get a close match to the 3rd blocks lottery hash you only need 16777216 addresses in your wallet to get as close to something that has the first 4 characters matching

what the OP is trying to say is that knowing difficulty is changed every 2100 blocks.

he will set up a private network of 2 PC's and at block 2098 he will set both computers time to be year 2100, thus as mining 2 more blocks. in this closed network. then the protocol in his theory will see that the blockchain has not mined blocks for 85 years and then give him super easy difficulty..

now the reality. when he rejoins the network he wil be all alone on his fork and everyone else will mine as usual not realising he exists, his coins from those 2 blocks would show as invalid and unspendable (wont confirm if he tried to send them) and he will get on with his life.

OP you also have to realise that you trying to (in basic principle) solo mine block 2098 and 2099, would be still at an extremely high difficulty before the change, which unless you had a asic farm, would take you not 20 minutes.. but days or weeks if lucky..

so dont waste your time on this. many thousands of people have been there, done that.

so heres the T-shirt



the other theory is to gather soooo much hash power to rival Ghash.oi etc. that if lucky he is the one that mines the critical block 2099 and it shows a timestamp of the year 2100..

goodluck, have you got over $10mill of equipment to try?

very much a novelty aspect. but i feel there is a market for them...

so here are some idea's:
1) at bitcoin conferences find out some of the big guys that are going and ask them if they can put a stand next to their cubicle/area that has the watches and let them manage the sales. making them your affiliate (they get a commission or profit above wholesale price)

2) any bitcoin shops that pop up such as here. again like a shop, the guy sels them and just pays you the whole sale price

im not even gonna argue about POS flaws

but those other currencies mentioned in the article are centralised small 'town currencies' only useful in a town meaning population base is small. not decentralised, meaning if the company goes bankrupt or the town hall/ town government changes their policies,, bye bye towncoin.

no matter who uses bitcoin, no matter how many want it. no matter how many companies come and go, the bitcoin protocol WILL continue over 100 years from now.. end of

bitcoin addresses are hard to type..

i have an invention.. brand new technology...

its called.......................................

QR Codes.. trust me no one has heard of them they are the future pay me a billion dollars and you can use it to.....

oh wait this isnt 1999.. ok, well then lets change my sales pitch

bitcoins doesnt need long addresses and people typing them, they already use QR codes. one click of your webcam/smartphone cam scanner and its done..

moving on

faucets were meant to be used so those new to bitcoin can atleast get some coin to play around with. but now its awash with money grabbers trying to make an income purely from faucets. estimates are that 99% of faucet donations go to money grabbers and only 1% go to noobs, based on a few faucets that have checked the rcipient addresses and seen that they were not 'fresh addresses' but addresses with more then a month of tx's flowing through them

winklevoss
secondmarket