One bit of entropy is not much different from zero bits, unfortunately.
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Kill all the keylogger processes? Turn off the keylogger? Really, a keylogger could steal your bank password as well, so turn those things off.
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Um, no, you can't ban uses of any term in day-to-day use. That's like saying you aren't allowed to say "Microsoft" or "Wal-mart" because those are trademarked. Let them trademark it, it's just them wasting money.
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I think SolidCoin already has built-in encrypted wallets. Maybe accessible deterministic wallets, automatic encrypted backups, modulization, and that kind of stuff.
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^That's like saying "why protect yourself against a house fire if there's a possibility a hurricane will knock your house down."
bitcoin collapse is to USD collapse AS house fire is to hurricane that'll knock your house down.
If the USD loses, everyone loses. ...but what about bitcoin?!? Can't have bitcoin if power companies and cell towers and internet services and satellites don't work.
The issue is that house fires are just as dangerous as hurricanes if you don't protect yourself from either. If you hate crashes and the possibilty of disastors, get something with intrisic value, like water, and use that as a medium of exchange. Impossible? Live with the risk then, there is no practical 100% safe investment.
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Then buy now so you can sell these rare relics of digital history for thousands each!
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Before anyone chimes in with a "easier to double spend due to lower difficulty" argument, I'd like to restate that the shorter block time disadvantages the attacker. With bitcoin, they have more time to produce their blocks because the rest of the network is also on the higher difficulty. The network latency is the only real issue with this, causing more chain splits (with those come easier double spending, but require precise timing).
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It's really not understandable why people detest using 1$ as 1BTC but not detest 1฿)
Because the symbol for the dollar is known by practically everyone, everywhere, and most people associate it with the US Dollar. The same does not apply for the baht sign. So therefore I'm not "most people"? Whenever I see "$", am I wrong to assume CAD or AUD or any of the bajillions of other countries with a dollar? If anything, the $ sign is closest to a universal sign of currency.
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This is impossible because of the bitcoin design, as already explained. Each address has its own history of transactions, which are its coins. Transferring coins to a new address rebundles them into a new coin, which will make the transaction visible.
It may be possible to set up a system like this:
Computer A holds the wallet.dat with the address to send from Computer B is mining bitcoins solo Create a transaction of 1 SAT to a non-existant address, send the rest as fee without broadcasting to network yet Configure computer B to add a transaction from the address in computer A, but not broadcast to the network Once computer B mines a block, withhold the block and broadcast transaction Release the block and put Computer B back to normal solo mining The coins are now in a block subsidy
This is, however, extremely cumbersome and has a risk of theft.
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You might have sold to me, Ruski, I bought in at 11.50-ish. I just don't see a large bitcoin holders dropping coins before they see what happens during and after the conference. Why would they sell now? I think there will be lots of small buys from eager beavers that eat their way up to $11.80 this weekend, with several large buys happening next week, pushing up and over $12 before the sellers start selling again. My prediction: $14 by the end of the month.
Still happy with that decision? Rally failed, huh. Think long-term though: we're still recovering from arguably the biggest drop in modern bitcoin history (price halved in two weeks) just a while ago, and consider that the 20-week moving average has never gone down in bitcoin history. There will be very strong support at $9.90 and might go up a while before two scenarios might happen: a steady dip through autumn in the northern hemisphere, or a strong rally that might last some while.
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Guys... did you read that Verizon phone call transcript? Do you not realize what world we live in? Regular people will NEVER understand mBTC and all of that nonsense. Metric prefixes, decimal points, etc... is far beyond the ken of the common man. I had been an advocate of moving the decimal place 2-3 places (though place would be kind of cool right now, dropping it right between the dollar and euro) but now I think that we need to move it 8 places or whatever it is to get it so that 1 BTC = 1 satoshi. There would not be decimal points or subunits or whatever. Just "how many bitcoins can you get for a dollar?"
Moving the decimal point will cause so much confusion it isn't worth it. Using decimal places makes more sense than byte-tesla-columbs, especially if Js/m^2 needs to be multiplied by bytes for some reason. SI prefixes are confusing to the average person. Don't bother doing any units, price things in 0.0003 coins, 0.000004 coins, or even in some other name unlike coins. Just quit the units.
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The scam gets less profitable after each cycle, as more and more people anticipate the pattern.
"Less profitable" does not mean people will stop. Look at the miners, for example. How about not profitable at all then? Exactly what happened with namecoin when people started realizing they could make more via bitcoin directly. Gambling is not profitable at all. People haven't stopped that, last time I checked.
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(Just a minor nitpick: please, please don't use the baht symbol for BTC. It's really not understandable why people detest using 1$ as 1BTC but not detest 1฿) Site looks really cool right now. I would really like a feature to freeze the scrolling thing: that way I can actually read the text without hacking the page. Like maybe if your mouse is hovering over the marquee it stops.
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The scam gets less profitable after each cycle, as more and more people anticipate the pattern.
"Less profitable" does not mean people will stop. Look at the miners, for example.
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The weekend dip is back it seems. But this time the bid side is big enough to keep it above $11, maybe. It's easier to get bitcoins in than USD right now, which is why it's going down.
Anyone think fall and winter in the northern hemisphere will cause a rally? I certainly do.
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21 million = 21 trillion
you mean billions is millions 6x0 milliard 9x0 billions 12x0 trillions 15x0 I'm not from England, sorry. I use trillions = 10^12, not 10^18. (and your trillions is incorrect, BTW)
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Not actually true. The code assumes 21 million in many places, not literally that I know of, but this limitation plagued IxCoin in that it would crash in 2015. A second limitation is bitcoin networking can only handle 64-bit integers, so this idea would break in 2.1 trillion years. Wishful thinking, I know ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) . 64-bit means that the maximum possible integer that can be represented is 2^64 right? uint64, yes. 2^64-1 to be precise (since it's basically 11111....11111).
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Not actually true. The code assumes 21 million in many places, not literally that I know of, but this limitation plagued IxCoin in that it would crash in 2015. A second limitation is bitcoin networking can only handle 64-bit integers, so this idea would break in 2.1 trillion years. Wishful thinking, I know ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) . The code assumes 21 million as the maximum number of coins in a single transaction, not as maximum number of coins. Or at least that was what the developers said in some other thread. Maybe one of them will chime in to aknowledge it. 21 million = 21 trillion eurocoins since the decimal point is shifted 6 squares, which will be reached in 240 million years, after that when someone can break it if he controls most of the money. Much later, in 2.1 trillion years, the entire system will cease to function.
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It's a newer version of bitcoin (0.3.25 rather than .24) that's still under development. So it won't be as stable as bitcoin, but you get wallet encryption.
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4) remove the 21 000 000 limit so there can be a unlimited number of coins
The 21million limit is only imposed by the rewards distribution over time, so, if point 2) is satisfied it will automatically satisfy point 4) ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Not actually true. The code assumes 21 million in many places, not literally that I know of, but this limitation plagued IxCoin in that it would crash in 2015. A second limitation is bitcoin networking can only handle 64-bit integers, so this idea would break in 2.1 trillion years. Wishful thinking, I know ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) .
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