My security threat profile was common burglary and my main concern was making sure my wife would be able to sell the Bitcoins in the event of my death. So, the the vast majority of my Bitcoins were kept in a Trezor Bitcoin safe with the seed words kept off-site. After searching my house for many hours and not finding what they were looking for, but taking every computer and electronic memory device they could get their hands on, they phoned in a search warrant for my office, which was granted. Upon searching my office they found my off-site paper backup of the seed words for the Trezor which were there with retrieval instruction in the case of my death. They took all of our corporate computers and left. The rest is, as they say, history.
Food for thought: my attorney informed me that they can and sometime do put people in jail until they turn over a password. So in reality your passwords are only as safe as your willingness to spend time in jail over them. After spending 3 days and 2 nights in solitary confinement (in the SHU at the federal detention center) I can tell you that most people will crack in pretty short order. It boring beyond comprehension.
Part of the total cost shown on my wife's web site ($284,373.00) was the cost of replacing all of the computers and cell phones we needed in order for our business to keep operating. Of course once we get all the computers back we will then have more computers and phones than we know what to do with. Anyone want to buy a used computer that was under government control for nine months?
Did they move your funds? If not, do you have another copy of the seed, or do you know it by heart to move the funds? I seriously don't understand why they put you on solitary when they had nothing else to take away from you...
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Empty blocks are common, and the reasons have been explained many times... And Chinese miners won't change their behavior just by reading these threads, they'll only change if they keep going on the wrong fork OROBTC, if you consider Chinese pools "unclean players", then I think Eligius also fits in your "unclean players" list...
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http://cointelegraph.com/news/114874/european-union-bitcoin-is-exempt-from-vatThe most popular Swedish news site, Dn.se, has reported the European Court of Justice as stating, “Bitcoin is a means of payment and that the exchange should therefore be exempted VAT obligations.”
Three years ago, Swedish software developer David Hedqvist and moderator of Bitcoin.se asked the European Union if Bitcoin transactions are exempt from VAT. According to the findings of the court:
“Bitcoins also constitute a currency. Their ownership has no other point other than the ability to use them again as currency at some future point. Therefore they are to be treated just like legal currencies as far as VAT is concerned.”
However, the Swedish Tax Agency argued against the Board of EU directives, and said that they have mistakenly interpreted the matter. The Agency appealed to the Supreme Administrative Court and urged it to proceed with a preliminary ruling, the final determination in law by EU courts that can be initiated by any EU member state.
A legal expert at the Swedish Tax Agency announced, "We disagreed with the Board's reasoning. Then we thought it was also important to get a clear understanding about Bitcoin and VAT.”
Due to the Swedish Tax Agency’s actions, Hedqvist took the matter into his own hands and declared arguments against them. For this, Hedqvist is working with Stockholm’s most prestigious corporate law firms and all of his costs are covered by companies in Bitcoinbranschen, because the companies believe that the tax exemption decision would greatly benefit them.
Hedqvist explained:
“It is important for them because it applies to their commission as shifting business to be subject to VAT. It is also important for bitcoin from a broader perspective, if there is to be equated with other currencies. It is also important that the new technology is not stopped by laws and regulations that are lagging behind.”
EU
Several European Countries already Exempt from VAT
The General Directorate of Taxes (DGT) announced in April that Bitcoin is exempt from value-added tax (VAT) in Spain, United Kingdom and Germany. The DGT stated that Bitcoin is considered as a medium of payment or a financial instrument, and thus is classified as a financial service rather than a simple good or commodity.
Paragraph (h) of article 20.18 of the VAT Act states, “Transactions regarding transfers, money orders, check, promissory notes, bills of exchange, debit or credit cards and other payment orders."
If the preliminary ruling becomes final, many European countries will be exempted from VAT, Including Germany, the United Kingdom, France, Finland and Belgium. Regulators regulating something that they cannot regulate... At least they're not forbidding it
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It is already starting to boom with the advent of VR goggles... And some website will surely take advantage of Bitcoin to market this new kind of movies.
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Short answer, no It would be interesting if this was a poll!
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Science will never predict any Bitcoin price... You can apply science and TA all you want, feelings and impulse asks/bids will drive the market
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A plugin for a Raspberry touchscreen would definitely be really useful... Adding to that an audio modem plugin to broadcast transaction info (something like this, but built in and easier to use ). QR code on the touchscreen wouldn't be bad either (but that would also require coordination with the Raspberry's camera) Can't wait for plugins to arrive
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I definitely used to have that syndrome. But somehow 80% of shopping I do with Bitcoin end up with the price going down in the hours/days after I've been actually really lucky on that... I eventually ended up just not caring. I still try to spend either on discounts or on price bumps, but I'm really not concerned if the price goes up afterwards.
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It would be great if it was possible to link both public and private keys to a face... And it would be pretty much hacker proof, as faces have many details needed for recognition. Although this is a good idea, the future is definitely retina scans as I've been mentioning on several threads. Now that I would love to see get implemented
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Electrum has no (known) security loophole: people were just downloading it from a phising site, without verifying the files. As for hardware wallets... This chip is used in them? I think that's not clear on the article. I thought Trezor was 100% custom design... But I might be wrong. Most bitcoin loss is due to user error rather than software or wallet error/failure. People need to educate themselves to keep their bitcoins safe. People need to run good anti virus software on their computers & not go on dodgy websites. I honestly think so many bitcoins have been compromised due to user error. Good post, that's exactly what happens. Many hardware exploits require personal access to the device. These devices should either be carried all the time by people or simply stashed away from prying eyes... Software has also many things to blame users who don't do their due diligence to secure things properly.
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Did I understood right? Wallet is saved locally on my phone?
I'm still searching for a good iOS wallet and I'm tired of blockchain wallet. Don't want an online wallet.
The seed stays in your phone, protected by passcode or Touch ID. Transactions are signed in your phone, and the client is an SPV one. I hope this answers your question This wallet doesn't depend on third parties as much as others, that's why I use it... It's also the easiest one to use, with and interface that's both practical and nicely done. Since I'm here... Is any update with user controlled fees in the works? Update is being prepared now. No user controlled fees, but improved automatic fee calculation. Other payment systems don't have priority settings, and that's what we're competing with. Thanks for the update I don't think you're competing with anyone. Your Bitcoin client is simply another league So you are free to think out of the box and simply ignore competition.
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Higher fees will serve poloniex's clients better, by speeding withdrawals, and will probably generate them a little bit more revenue, maybe. I highly doubt fees will ever be as high as banks... But only time will tell, I obviously can't predict the future
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I've always wondered why people don't share master public keys to receive payments. Is it not that safe?
It's safe to share it, but it's not good for privacy, as everyone can see all addresses and balances within that MPK.
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Another seller attempting to profit big with empty files Anyways, theymos had alerted back then to change the password, as even he probably didn't know the extent of the breach. But I highly doubt they had time to download the entire database, or even a significant part of it.
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Did I understood right? Wallet is saved locally on my phone?
I'm still searching for a good iOS wallet and I'm tired of blockchain wallet. Don't want an online wallet.
The seed stays in your phone, protected by passcode or Touch ID. Transactions are signed in your phone, and the client is an SPV one. I hope this answers your question This wallet doesn't depend on third parties as much as others, that's why I use it... It's also the easiest one to use, with and interface that's both practical and nicely done. Since I'm here... Is any update with user controlled fees in the works?
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The bitcoin price decreased by 10% after Eurozone leaders agreed once again to offer a third bailout for Greece, financing up to €86 billion over three years. With the help of the Eurozone, Greece secured debt restructuring and a growth package, which could decrease the on-going spike of popularity of bitcoin in the country."
I can understand how the price of bitcoin reflexively dropped on news of an agreement, but I think the situation in Greece promotes a long-term shift towards bitcoin by many Greeks, rather than taking them away from bitcoin. 1. Nothing permanent has been fixed - until the Greek government and society get their house in order, they are going to remain a debt-ridden basket case. 2. Greeks have been bluntly confronted with the fact that the banks can and will shut down on them at a point of crisis. They are not going to want to go through that again. 3. The reality of unilateral confiscations of their deposits has been raised, not as a fringe conspiracy theory but as something that was widely discussed. Again, this is going to make Greeks think twice about keeping money in a bank. 4. More and more Greeks are learning about the utility of bitcoin both in a crisis and in normal usage as a result of recent news. So they will continue to adopt it as they have funds to invest or shift into bitcoin. My prognosis? Modest (at least) increased adoption of bitcoin by Greeks, as well as rightfully nervous citizens of Portugal, Spain, Italy, etc. Excellent post. Nothing has been fixed indeed, and Greeks will have to go through another austerity plan. Greeks might start slowly adopting Bitcoin... As for the other countries, I only think they'll start seeing Bitcoin as viable option when/if they reach Greece's magnitude of debt and crisis. I should also mention that an article this morning indicated that even the contents of safe deposit boxes were off-limits during the crisis in Greece, and that cash and precious metals in the safe deposit boxes may have been targeted in the event of a general confiscation of deposits. This trashes the plans of many Greeks who had stored money/gold in a safe deposit box thinking that would get them through the crisis. Instead they couldn't even access the contents, and the contents could have been raided anyway. The advantage of bitcoin here is obvious.
This is too much. SO what if they had a valuable collectable in the safe box, like the original beanie baby or something like that? Maybe a comic book like superman #1? Would they take that too? Time and time again through out history it has been proven that holding too much of your wealth in a bank is a bad idea. Does it seem like that number of transactions on the atm is kind of low? I would have expected more transaction in the first day, but maybe people are still finding out about it. Just goes out to show how unsafe things are on banks... As for the number of transaction, I think it's perfectly fine. Bitcoin is only now starting to be widely spread there, the BTM is new and Greeks simply don't have euros to convert to Bitcoin! Their first morning volume surrounding 2000€ was quite good, in my opinion. I don't think Bitcoin and Greek crisis are that much related. I mean look at the price development. The ATM machine is just another community accepting Bitcoin, nothing more. The crisis is still not fixed, so Let's see how this pans out.
"Whales" relate whatever news they want with Bitcoin
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Given the current hoo-haa going on with respect to the blocksize, I wanted to think about future HARD forks that Bitcoin will almost certainly encounter. 1) Quantum secure signing algorithm. At some point, I think most would agree , quantum computers will be a reality. We'll have to change bitcoin's signing algos accordingly. 2) Arbitrary precision maths. When bitcoins are worth 'serious' amounts, 8 decimal places won't be enough.. (.. Happy Days.. ) .. there are others, but I'm not sure they are essential to bitcoin's survival - anyone think of any essential ones ? If doubling the blocksize started a war, which it effectively has, I can't even imagine what trying to implement these features will do.. (Since there are many different ways they could be achieved..) Will it even be possible to HARD fork so large a change, as instead of 2 camps(Yes and No), there may be 5, 10, or more! and then things will get, very complicated. The first one would eventually be needed... Or not When we have quantum computers, the signing will probably be broken, and Bitcoin as it currently is might not be safe (as in, private keys might be able to be calculated within a lifetime, or maybe in just a few hours. I think that might be possible some day with quantum computing, correct me if I'm wrong ). As for the second one... You really trust in Bitcoin's future regarding price Well, if the price does reach really high levels that might be needed! New features won't probably start such a war (at least I certainly hope they won't). Experience will tell everyone that wars aren't good and it will give people the expertise to deal better in hard fork situations due to past experiences.
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Many wallets do offline transactions, just not what you want in an automated way.
You can also create transactions with a wait time, i you really want that (although it's not easy to do such with the current Bitcoin Core)
We have had full blocks for over 2 weeks............ how does not one give a fuck about this Obviously everyone that worries with Bitcoin gives a "fuck" about the block size... But not really about offline transaction "accumulation" The wallets making offline transactions right now are perfectly fine and their features are good enough. If a block is full and you want to see a transaction confirmed ASAP just send it with a fee above average. You don't need to spend a fortune on fees, just send it a little bit above what the rest of the people are sending and it will eventually get through fast.
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http://www.coinfox.info/news/2408-bitsokoSeems like Bill Gates finally went from "Bitcoin is good, but not good enough" to fully embracing it. Im glad people slowly come to their senses and deal with the fact Bitcoin is indeed good enough. That doesn't mean he changed his opinion on the subject. When he said that he certainly meant it's not good for the future, as in, it's not certain Bitcoin will be as useful as it is now in 50 years. Otherwise Microsoft wouldn't probably accept Bitcoin As for the news, always good when poor, isolated people are empowered in many different ways.
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Many wallets do offline transactions, just not what you want in an automated way.
You can also create transactions with a wait time, i you really want that (although it's not easy to do such with the current Bitcoin Core)
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