Have heard that kind of hacking software before, which encrypted all files on my computer, and when my brother have been using the computer (or course carelessly), it is hacked and they demand a 1.2BTC ransom... These are just one more bad news of BTC, and even make my family members have even worse image on bitcoin... And we decided not to pay the coins to the hacker as all important files have been backed up.
Whay do you think?
Cryptolocker  Are the files backed up anywhere else, and are the files valuable (work documents, personal media)? I stopped following this a while back, but I think there was a service that could recover these files for free. If not, and the files are valuable enough, you could actually pay it, as some businesses have done (the ransom was less than the opportunity cost of losing the data. Good luck, and bummer dude  |
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What the hell is a toy based on bitcoin? I'm not trolling here people. A red ball with a BTC symbol?
Money based toys tend to be money. Like monopoly money for example. Or fake gold coins in a pirate chest. Essentially, the toys model behaviors for dealing with money, raising familiarity rather than teaching concepts. That being said, a testnet version of a coin for a value type game like monopoly would fill this, providing direct experience with the currency in the form of making transactions.
If anyone makes bitcoin monopoly, I want my cut dammit. I will sue.
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I think hardly no one else created a wallet using their real info. And most of the online wallets only needs your mail ID just to recover wallet. And afaik, you don't need any personal info to create a wallet. And still if you feel, it's unsafe to provide even your mail ID, use some desktop wallet or mobile wallet instead.
Hell Naw. I only use services I trust with my info. I give them 100 percent accurate information lest I need to prove said identity to the service to get my money in the event of some bullshit. Coinbase for example. First off, I have nothing to hide. Second, when you understand how serious KYC is to some businesses (the fines for non compliance are bananas) you won't play with it because they WILL seize your funds and not return them, they cannot legally return them tbh. |
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Read BurtW's story. Then you will understand why it does not do to store this information electronically. If you have a serious amount of coin, and you need to have a physical copy of the key info, I think you best bet is to split this info into multiple fragments, and distribute these fragments in multiple places that you don't reside. You can never be sure if a state actor is going to crash into your shit looking for private keys, and there is no protection from the state. They do what they will.
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Civil asset forfeiture is a hot topic right now, it's total bullshit. Unfortunately here in California we just had a promising reform bill shot down by misrepresentation from the law enforcement lobbies. Most of the California forfeit cases deal with cannabis cultivation. it is the advertising on the internet and the doing "business" with the general public that allows them to come in and seize your property.
The scary thing is, when you get to looking at civil asset forfeiture, they really don't need any reason to take your stuff, you do not need to be accused or convicted of a crime, and you have no recourse to get it back. I have researched your story a bit and I'm so sorry you are experiencing this bullshit man. Asset forfeiture is a serious injustice in the states due to the utter lack of due process surrounding it, I've seen this before in marijuana cultivation busts where licensed growers still have vast amounts of property seized "pending investigation", sometimes even going as far to remove the kids from the home. Our household will keep you in our prayers, keep your head up. And our government will waste resources investigating this man instead of the hyper corrupt banking officials that actually have victims for their crimes (the American public). Why don't they send some guys with wires into a board meeting? This is bullshit man, again I'm so sorry you had to deal with this. |
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I would be supremely happy if 20 years from now, I can leave my home, get gas, grab something to eat through a window, and get some groceries with a cryptocurrency. What I'm trying to say is, I would like to see adoption that's widespread enough that I can leave the house with no fiat, and still know I will be able to purchase all of what I need, directly with a crypto.As it stands, it's magic internet money.
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I think as he grows, you should introduce him to trading early on at perhaps 14 years of age.. he may actually have interest in it!
Or maybe not yet? Don't you think that is too early for a 14year old kid to understand about economics? Just wondering. I think that 14 years is old enough for kids to learn about economics. In a world that is becoming so dependant on economics, it is better to learn earlier compared to later. This isn't too early for a general introduction, but I would stay away from some of the more esoteric concepts of trading until 18 or so (they need to develop an internal risk metric that takes experience in the world to fine tune). Trading gets a bit hairy, I wouldn't want my kid stressing out over a bad series of trades like I do. Keep the kids away from faucets. Lots of links to questionable and malicious materials. Give them a btc allowance. |
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While banks are not exactly anitibicoin force they see Bitcoin as major competitor. Mainly because Bitcoin has same properties that services that banks are offering people.
Bitcoin will eliminate need to have bank account, to keep money in a bank vault and to be able to send money wherever you want without 3rd party taking care of transaction.
You're forgetting a very important feature of banks that make banks "profitable", and that is that they lend out loans for profit. I mean, in a sense people are in a way becoming their own "banks" by doing this exact thing... just look on the lending board in the market place. People are making profits that way there, or even on exchange sites like poloniex. Truth is, is that a large majority of people on the planet don't know what Bitcoin is, and this, in itself, makes it not a "hot" asset for banks to accumulate or offer to their customers. Plus, "normal" people don't need Bitcoins to start up a business idea or pay off student debts... they need fiat. This. With the amount of money in bitcoin being so little compared to other currency markets, banks don't really have an incentive to block or hinder bitcoin. It's more concerning because of the aml/kyc issues it raises, which is why banks are embracing the technology and not the protocol. |
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Gold is a long term investment. and bitcoin is a short-term investment. it depends on you. I think both are very profitable investment.
Both are long term investments when you consider them as an investment. But remember that bitcoin is mainly money, meant for spending and so on. Gold also have a nice feature since it is also a fashion item. Gold has been used as money (still is) since the dawn of civilization. Bitcoin has been around for less than a decade. I will say that all "purchased" bitcoin is an investment, due to the inherent risks associated with the asset. If you earn it, even though you have purchased it with time, slightly different scenario. Also, gold isn't that attractive at its current price. |
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Did a little research, there is a mine craft server that allows participants to earn a tiny, tiny fraction of btc. Two in fact, but one uses Zapo, so I can't test drive it (you need a wallet).
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Over $100MM in marketcap. Led by a bunch of random cryptonauts with presumably Zero business experience. After the initial ETH crash which will destroy all but the investors who obtained their ETH through the ETH ICO, how fast will funds be lost due to accepted scam proposals? Genuine proposals which will fail due to ZERO real world usage? Hold on to your butts, ladies and gentlemen. The slide down is littered with sharp edges and blood. Have a nice day  You can have the best idea in the world but if their isn't management experience behind it, it's on shaky legs. With that being said, I don't see a while lot of potential in slock. |
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Purchasing a decent stake in NEOBEE.
Damn you, NEOBEE.
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Did you spam your signature campaign?
Answer: Of course.
I was just about to post the same thing and you've beat me to it. That post has zero relevance to the whole thread, maybe a bit to OP but that is it. In other words, "Bitcoins Belonging to Satoshi Should Be Destroyed” is incorrect.
Indeed. This is not what theymos said. What theymos actually did say in the topic titled "Petition to Protect [and by "protect" OP means "destroy" lol -ed.] Satoshi's Coins" was that ALL old coins, not just Satoshis', "should be destroyed before they are stolen to prevent disastrous monetary inflation."Thanks for clearing that up It is clear that Bitcoin.com tried to undermine theymos with this, knowing that the idea would get a backlash from the community as soon as people see the quote: "Bitcoins Belonging to Satoshi Should Be Destroyed” Yes, this concept can have several seats. While I initially responded on this because it touched a wtf?! place in my heart, it's become clear now that this was an intentional misquote, and the T-Man himself has expressed in this very thread that he did not intend to be construed as he had. This is bitcoin.com click bait, we can move on |
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SegWit soft fork and the various Lightning implementations continue apace, so one wonders what you're referring to. If you're unaware of the scaling plans and their level of progress/acceptance, you only have yourself to blame.
Your astonishingly consistent condescension is admirable. Increased scaling is not here and nothing is proven yet. Agree. Until it's boots on the ground with SegWit, any serious adoption by a new market could cause très congestion. Although this is old hat, this is what btc really shines for: providing quasi banking services for the unbanked in places where it's not feasible to put a lot lot of financial infrastructure down in. Great example is Africa. Ton of people, but not a lot of money among the lot (corporate interests are siphoning their value abroad, but that's another conversation). Not a great idea to invest a grip into setting up a robust banking system, as there isn't much product (money) to use to generate profit from. But these people spend money, and a lot of it; being able to capture some of that value via blockchain financial services (hosted wallets, trading commissions, service fees on bitcoin payment gateways) should be very lucrative. And it provides a service (money transmission) that the people can use, at an effecient price (hopefully). |
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Well there is FlappyBitcoin and there is a Mario game where you can earn satoshi for playing
pass me mario link?? I haven't seen this one myself, I dig the shit out of our venerable plumber friend and would love to stomp out some fake goombas while earning fractional amounts of value. Wow, goombas? Never really thought of it until now, but the Mario franchise is racist as shit. |
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I'm a dude, but I must say, reading through this thread I see why feminist get mad when guys talk about the female condition. You would think that all females were non technically gifted, work at home moms that are broke gold diggers  while we have all dated that particular bitch, I assure you she isn't indicative of the whole. Women are Mich more shrewd than us. It's their nature  Ladies are people too! Give them the opportunity to use bitcoin (shit, give them the ability to earn an equal wage as a man on average) and I'm sure the rest will come naturally. No one needs motivation to spend money Just, well, money. |
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"I did not sell so I did not lose a cent so far"
Hahahaha... Denial's a bitch. Lol, I've been here many a time myself. If you don't go in with a clearly defined "out", well wishing will take you all the way to the bottom  Damn you, NEOBEE. |
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As with most zero sum games, all the big players interest tend to align when its all said and done. There is a similar stratification (sometimes much worse) in most momentary systems. In a zero sum game, someone makes money at the expense of someone else losing money. The DAO is supposed to generate new money for the share holders. So I dont see how you consider this a zero sum game, unless you have been itching to use that term arbitrarily. All traded markets are zero sums. If this asset cannot be traded for its value, then it's not an asset. Care to argue semantics some more? You may have to go a bit further than Wikipedia. |
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Well there is FlappyBitcoin and there is a Mario game where you can earn satoshi for playing
I'd stick with games like these, there are a couple of apps that let you earn minute amounts of btc from playing popular game clones. I'd shy away from the faucets, some of the themes and advertisements can be a bit adult and they may end up clicking through into some minion porn. No one wants that, the kids are fucked up enough already. Also, consider an allowance in bitcoin. Perfect way to monitor spending, and they won't have a choice but to save it unless adoption comes a really long way in a short time |
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Well as per my experience blockchain is the most trustworthy is the best wallet i have ever seen and if you look through all the posts then you will see that a lot of people will back me up with what i have to say
Same here, I've never had any issue personally with the service, but they have had some issues in the past (a RNG issue that allowed some accounts to be compromised, and some blockchain sync issues that stopped users from making transactions that didn't have their private keys). I'd trust them, and did with my bitcoin paycheck for years, I'd just suggest you record your keys so you can move your coins should the service go down. If you don't have sole access to the private key, you don't technically have control over the coin, in my opinion. Something to chew on. |
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