Obviously, offline wallet devices would be nice like the card readers the banks use to protect cardholder data. I know people are working on these.
Yep, people are working on those. |
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it could happen again..
It could. But I think the odds are against it. |
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Not bored. Watching the slow rally   |
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* use separate pc with armory, encrypted wallet (use long pw), make paper-backup of wallet seed, never connnect machine to internet, create watch-only-copy of the wallet and import that into another, this time well-connected instance of armory (allows to generate new addresses without also generating the private key). To transfer money, you'll need to generate a signing request, transfer that to the offline machine, sign it there, transfer the signed transaction back to well-connected armory for publishing.
Do this. This is by far the safest and easiest way to secure a personal stash of bitcoins. |
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Obviously they weren't big enough. It's a good thing we got nearly the entire world in on the debt Ponzi this time. The US, EU, Japan, and the BRIC countries together are surely too big to fail, right? Remind me, what does "fail" mean in this context? |
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America is too big to fail.  Aztec. Inca. Maya. Rome. Byzantine. The Mongol Empire. U.S.S.R.  Obviously they weren't big enough. |
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 I somehow still don't understand this thread. Me either. |
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People have been predicting this kind of thing for a long time. Society will route around problems. Things might get turbulent, but it's unlikely to get anywhere nears as bad as "the end of finance" or "the end of the world". IOW, chill the fuck out.
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Someone is seriously trying to keep the price from moving up and losing $100ks in the process. I fail to see the agenda. With such volume it is better to sell/buy marginally and have at least minimal profit to use later then trade at a loss trying to scare the market with stupid ask walls.
How do you know they're losing $100ks? |
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A lily silly
I vote for "lily silly". |
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did my trolling cause this?  No. it caused this...   I would really enjoy watching someone take a dump on this bid wall. Wall fights are so rare these days. Looks like somebody is teasing with a biggish ask wall. |
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How long does it take for a bitcoin transaction to be executed? Specifically a withdrawal to a private wallet?
The transaction is executed almost instantly. It might take 10 minutes or more for the transaction to appear in a solved block, and it could take an hour or more before the transaction has the standard 6 confirmations (it's found in 6 solved blocks) to consider it fully verified. |
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So the impact of the block reward could pretty much end up being a non-event.
This is probably the most relevant statement in the thread. I think it'll be at best a non-event. |
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It's amusing that what everyone's excited about right now is a move that a year ago would have been a mere bouncing around within the spread.
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I agree with the rough 8 USD/BTC target price, but I don't think a month is enough time for it to get there stably... I think it'll be more August-October time frame.
-bgc
once we get going, its a matter of days to get to 8 I believe the we have just started the run up. In a few days it will be clearly spelled out for everyone to see, "Moving Up" 5.20 will look cheep on Sunday Sloooooooooow down there. yyyyyeaahhh... Looking a lot like that euphoria phase of that investor emotion cycle That's it folks, $5.19 is the top. This is the end of the bull run. |
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I agree with the rough 8 USD/BTC target price, but I don't think a month is enough time for it to get there stably... I think it'll be more August-October time frame.
-bgc
once we get going, its a matter of days to get to 8 I believe the we have just started the run up. In a few days it will be clearly spelled out for everyone to see, "Moving Up" 5.20 will look cheep on Sunday Sloooooooooow down there. |
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I actually am.
*rises from a slumber of months*
Bitcoin has been a little too sticky to that 5 USD mark. It's about time for some movement. Personally, I think the fact that it has recovered from a series of problems and most people stayed sane during that time is a positive indicator. I wouldn't be surprised if it climbs up a dollar once people realize there's no real reason to trade around magical numbers.
The psychology of this is strange. I know quite a few people who somehow want to hold Bitcoins just in case, but don't actually buy them unless something is happening. Hard to tell how such people will act.
I intended to buy today, but I ended up getting a bunch of work and didn't have time to deposit my money. I'm hoping to complete the bitinstant transaction tomorrow. I had around 180 bitcoins in bitcoinica, and though I'm hoping they find their way back to me, I'm going to replace them in the meantime. Wasn't able to complete the transaction today either.  |
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Maybe it's the time to start a bitcoinica copy with 500:1 leverage.
21,000,000:1. I should be able to buy all potential bitcoins with a single bitcoin deposit. Including the ones that are lost? Yep, even those ones. |
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