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2661  Bitcoin / Bitcoin Discussion / Re: Bitcoin Wallet Vulnerability on: May 14, 2016, 03:55:18 PM
The whole point of Bitcoin is that your stuff is safe as long as you control the private keys, so no, there are no realistic vulnerabilities. The only vulnerability is if the person that is supposed to take care of the private keys, does a bad job doing so, but that's not even a vulnerability of bitcoin, but human mistake factor.

The problem with sharing and address publicly is that people can track where the money will go from there, or how much money you got on that particular address. Hopefully Gmaxwell and the rest of devs bring us confidential transaction and coinjoin soon to get rid of this bullshit.
2662  Bitcoin / Bitcoin Discussion / Re: There is no currency that banks hate. on: May 14, 2016, 03:46:09 PM
Bitcoin price will never be predictable. Bitcoin is not a regulated currency, therefore, it's price can never be stable, we will go through tons of bubble-busts cycles if that ever happens. We will have to reach 6 figures a Bitcoin or more to start seeing some sort of stable floor on the price, until then it's all the way up with downs as well.
2663  Economy / Web Wallets / Re: blockchains investment on: May 14, 2016, 03:38:55 PM
If you have the ask if it's a scam, it's a scam. This usually applies specially within the Bitcoin world. If you recieve a random email out of nowhere, it's a scam 100%. No one goes around sending emails in masse asking for money. If you were in some sort of newsletter, then it maybe could make more sense, but mails out of the blue are always spam.
2664  Bitcoin / Bitcoin Discussion / Re: Anyone have plan to make income on bitcoins :) on: May 14, 2016, 03:31:58 PM
I am earning on signature campaign and at a moment as I think it is the best way to earn some extra money and I will continue with it until it exists.

Signature campaings don't pay enough, it's a small extra, but I wouldn't call it an income. Sure, it's great to some extra money, but that is not a proper wage.

Unfortunately, I can't think of any way to make an income on Bitcoin. You would need to start a business, since there aren't that many jobs out there that pay in Bitcoin, and im not in a position to risk starting a business.
2665  Economy / Gambling discussion / Re: How Many Days You Remained without playing gambling? Gamble Free? on: May 13, 2016, 12:38:26 PM
I have never counted exactly how many days I have been away from doing any gambling whatsoever, but I can easily go months without doing a single gamble. I am not addicted to gambling, so its not a requirement for me. I can be an entire year without gambling if I feel like it, and sometimes I gamble a lot of times in a month, it depends on my mood and of course on my money.
2666  Economy / Gambling discussion / Re: Why is gambling so addicting? on: May 13, 2016, 12:19:35 PM
Usually the best scientific explanation for gambling is combination of genetics and also a predisposition to addiction in genera. The explanation is simple, the brain gets a dopamine high when you spin/roll/do something random, because it always hopes for a good outcome. This is hop people gamble a million times and end up bankrupt.
2667  Economy / Speculation / Re: 1 Bitcoin = $1,000,000 on: May 13, 2016, 12:12:56 PM
One word: Impossible.

Bitcoin will never reach to 1000000. Maybe in 1000 years. People gonna dump everything they got when the price reaches to 1000$.

Exactly no one has that level of patience to hold their coins till it reaches to 1 million, as you said majority of  people will sell their coins when it will reach to certain level, and of course 1 million price is impossible to achieve.

People was saying here that Bitcoin would never reach 1 dollar, during the early days. Imagine if the new it would reach 1000.

People brains aren't wired to think beyond what they consider possible, but it's very possible to reach 1 million per Bitcoin in the next decade or two. Fo instance, the M2 money supply of the US dollar, the world's reserve currency, is just shy of $12 trillion. For the euro, it's 9.86 trillion euros, or $10.76 trillion. The current marketcap for BTC is roughly 7 billion... do the math.
2668  Economy / Speculation / Re: Back to the 300s we go. on: May 13, 2016, 11:55:11 AM
Helll no, we are going back to 500 soon. The buy pressure is way too strong. It's safe to say now that OP was extremely wrong in this prediction. We are heading towards a new ATH, that will happen this year, I don't see how we even have to wait for 2016 anymore. This year is looking fantastic to break that 1k barrier again.
2669  Bitcoin / Bitcoin Discussion / Re: Theymos: “Bitcoins Belonging to Satoshi Should Be Destroyed” on: May 13, 2016, 11:47:03 AM
Theymos was providing an example of a way to deal with QC's cracking bitcoin addresses in the future.
It is assumed that by the time we reach that point, we will all have already converted to QC resistant cryptography.
Theymos was trying to troubleshoot how we will deal with the people/addresses that do not convert to QC resistant addresses.

This is not final and there may be better ideas in the future.

This is not an attack on Satoshi or etc, but on dead coins that QC will take from their owners one day.
Otherwise we would be allowing a single entity (potentially more) to hack and control all dead coins.



I think there is a problem: the first keys of the first year or something, are not safe from QC attacks because they were signed in a different way. QC attacks are not a problem in addresses created after 2012 or something like that. I don't know the details but I know the QC attack only applies for old addresses that never reused addresses. Of course we should look for a way to make all addresses ever QC resistant and not have to resort to destroying coins which is like the last step one should take. In fact, I argue that maybe it's better that those coins stay where they are and if they get hacked and stolen then so be it, bad luck for the owner, he should have put some attention and he had a decade to do so. Of course, if the owner died, then the coins will eventually get hacked no matter what.
2670  Bitcoin / Bitcoin Discussion / Re: I never spent any savings on Bitcoin and I'm not broke on: May 13, 2016, 11:38:36 AM
Maybe or maybe not, but if you want to have any chances to get rich in the next decade, holding Bitcoin is a must. The potential for growth is the highest that I can think off of any other possible investments. Sure, you can always but some stock or altcoin that's worth pennies now and randomly gets a good pump and become insta rich, but that is just a big lottery. With long term Bitcoin storage, there is a real vision and foundation to make it.
2671  Other / Off-topic / Re: If i give you 10 BTC what will you do? on: May 13, 2016, 11:30:59 AM
I will use the bitcoin to buy some Etheruem and then buy into Slock DAO. After I have made some profits, I will give 10 bitcoin back.
it was the same as trading in altcoin etherum prices in recent months experienced a significant price increase. even the last time I saw price is in 0.003 btc and current prices now s around 0.02.
I think etherum is very potential

yeah etherum has a great potential to grow in future so investing some part of money in it would be a great idea and rest we can hold for the halving.

I think in the long run Ethereum will not make it. When we have sidechains such as Rootstock operative and optimized and working nicely, I think Ethereum is just a redundant. I mean who wants to use an additional token when you just can use bitcoin and get the same thing done under the same token. Having to deal with multiple tokens creates a stress for the user.
2672  Bitcoin / Bitcoin Discussion / Re: What should I do to get bitcoins? on: May 12, 2016, 10:29:41 PM
Just do whatever it takes as long as it legal. Bitcoin is going to get only more and more valuable overtime, which means it's going to get harder and harder to get. When people realize that you are going to be rich in the future by having a good amount of BTC, they will think twice before selling their Bitcoin.
2673  Bitcoin / Bitcoin Discussion / Re: Bitcoin needs sex workers on: May 12, 2016, 09:05:43 PM
I don't know about you but that reddit one made me turned off by the female body, just utterly disgusted at what they look like, and that is without them showing them the neck up  Roll Eyes

The second link is just of a red cross and nothing more. Looks like a place just looking for donations Undecided

Maybe you are fucking gay, man. Granted, some of those girls aren't that good looking, but some are fine, that ScarletLuv chick I would definitely fuck.

I think we are still really far to see escorts accepting Bitcoin irl, we are going to need to wait a lot for that to be the norm. Maybe it will never be the case until physical cash is removed from circulation, then the whole industry will pretty much move to Bitcoin as the best alternative to a society that doesn't have cash anymore.
2674  Bitcoin / Bitcoin Discussion / Re: Bitcoin IS basically DESTROYED on: May 12, 2016, 08:57:25 PM
Bitcoin is about rewarding actual work and investment. China has gone big and now will be rewarded. It's that simple. If you thought ass sitting was a way to be successful with bitcoin then you don't understand bitcoin's complex set of rewards and incentives. Any country, business, or individual is free to compete in mining and no entity has the authority to stop that.

Honestly I think there's a lot of racism or something against China. If it was some north european country or somewhere in USA people wouldn't complain as much that they would be the leading Bitcoin miners in the world.

If you don't like that china is #1 in mining, then stop complaining and start funding companies in your country.
2675  Other / Off-topic / Re: Floyd Mayweather vs. Conor McGregor Predictions ,if that ever happens! :) on: May 11, 2016, 05:03:36 PM
I saw the fighthype interview with Mayweather, and he confirmed that he started the rumor, and he said that "it's possible". He also said that he did not register the "50-0" trademark...

It's definitely possible. Floyd Mayweather Sr (his father) is already pumping the possible fight:

https://www.youtube.com/watch?v=RM5-AqQU2mM
2676  Economy / Gambling discussion / Re: Are you Rich from Gambling? on: May 11, 2016, 04:56:33 PM
Anyone that gets rich from gambling, I doubt they would still be here in internet forums talking about how they got rich. If I got really rich, I would never be near a computer again, im not saying ever again because thats stupid, but i would take a looong break and just be on the sun in some nice place. Im sick of having to work all day staring in front of a computer. I wish Bitcoin went to 100K already so I can fucking retire.
2677  Economy / Economics / Re: How too get rich on: May 11, 2016, 04:36:08 PM
You have to have a long term vision, the people that get rich quick have a lot of luck, and you can not rely on luck only. Of course, to get rich, you are going to need luck no matter what, but if you want to really get rich, you will need to have a long term plan. The downside is, getting rich from hard work usually takes way too much time to enjoy it, you'll be old to enjoy the millions. Getting lucky is the best since you can still be young while you can enjoy the wealth, but the amount of luck needed to pull that is simply insane. It sucks but its what it is.
2678  Economy / Economics / Re: Why You Should Never Sell Your Bitcoins Ever on: May 11, 2016, 04:26:38 PM
Selling your bitcoins ever = guaranteed regret in the future once the price is higher than the price you sold at. No matter how much it time it has to pass to get to that point, you will eventually regret selling. So the idea is to have a good stack of Bitcoin for lifetime storage, and speculate with an amount you can afford to lose so in case you do a bad trade you dont feel like an idiot for the rest of your life as you are left out of the game with no bitcoins to sit on.
2679  Bitcoin / Bitcoin Discussion / Re: Memory is cheap - on: May 11, 2016, 04:20:06 PM
I think you didn't memory, but megabytes of space?
Anyway, the main problem with raising the block size is that you inevitable centralize nodes because the countries that need nodes the most are usually countries with impoverished technology with shitty economical situation venezuela. It's important that nodes are run all over the planet, not only the total node count. I hope that eventually we can hard fork for a higher MB block size, but it is not a priority at all.
2680  Bitcoin / Bitcoin Discussion / Re: Best way to destroy bitcoins? Send them to the value 0 address? on: May 11, 2016, 04:09:47 PM
Here's a sure fire way to destroy bitcoins instead of sending bitcoins to random addresses.

1) Create a paper wallet.
2) Save the public key somewhere so you have it accessible for anytime you want to "destroy" bitcoins
3) Cut the private key part from the paper and put it somewhere like a paper shredder, or just break it in small pieces and flush it down the toilet or something

That's all. Now you just send the bitcoin to the public address whenever you want to destroy bitcoins. All the bitcoins that are on that address will never be recovered because the private key was destroyed.
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