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3681  Bitcoin / Bitcoin Discussion / Re: Paper Wallets : Do you somehow validate that the pk QR work b4 using? on: May 31, 2013, 07:34:38 PM
Aha and there's even more. You can do an M of N setup. N private keys/shares out of which you need M to spend your coins. Different ways of doing this:

   - Send to a multi-sig address. All private keys will be required: https://people.xiph.org/~greg/escrowexample.txt

    - Secret sharing: http://bitcoininformant.com/2012/06/update-splitting-bitcoin-secrets/
      https://bitcointalk.org/index.php?topic=148809.0

   - Contracts: https://en.bitcoin.it/wiki/Contracts

   - Edit: Using Armory: https://bitcointalk.org/index.php?topic=149820.0

Some clients support offline wallets so you don't have to mess with paper wallets:

https://bitcoinarmory.com/using-offline-wallets-in-armory/
http://electrum.org/offline_wallets.html
3682  Bitcoin / Bitcoin Discussion / Re: Paper Wallets : Do you somehow validate that the pk QR work b4 using? on: May 31, 2013, 05:53:30 PM
Up to 30% of the QR code can be damaged and the key will still be read. This is a feature built into QR codes:

http://www.qrstuff.com/blog/2011/12/14/qr-code-error-correction

Similarly a key stored in Wallet Import Format has a checksum that ensures you can't import a mistyped key. This won't save you if the key is misprinted or damaged, though. It just ensures that any key you import is a valid one.

So as long as you print the QR code of the private key you should be ok.

Another thing you can do is spread out your coins in small amounts among multiple private keys. Say BTC 0.05 per key. That way any damage to one or two keys will limit your losses to a fraction of a bitcoin.
3683  Economy / Service Discussion / Re: MtGox: Upgraded me to Trusted in less than 24 hours! on: May 31, 2013, 04:39:24 PM
Mt. Gox is unusable for me because they don't accept bank statements as proof of address.
3684  Bitcoin / Mining / Re: How much you paying for electricity? on: May 30, 2013, 08:23:11 PM
$0.12 in Pakistan. Not mining.
3685  Bitcoin / Bitcoin Technical Support / Re: reg. Unconfirmed transaction. What now? on: May 30, 2013, 08:19:59 PM
Actually, your transaction's priority is the sum of your inputs age multiplied by their value, then divided by the size of the transaction. As you can see in blockchain.info, your transaction contains many dust "inputs". Although many are from the same address, they still add to the size of the transaction. As a result, your transaction will have a small priority value. But if your transaction is small, and your inputs are old, they will get confirmed very quickly, even without a fee. For instance, my 1 input, 2 output transaction (~1.1 BTC value) was confirmed in the next block, without any transaction fees.

How do you figure that? 0.45 is not a small amount and the fee of 0.0001 is now the default fee in bitcoin-qt so it is going to be the new "standard" fee.
but just because it's "standard" doesn't mean it bypasses the fundamental rule of fees: the higher fee per kb, and higher the priority, the more likely it's going to be included in a block. Keep in mind that if 13 cents in fees (0.001 BTC), your transaction will almost certainly be included in the next few blocks.

Ok. Always good to learn more! More info about transaction priority in case anyone is interested:

https://en.bitcoin.it/wiki/Transaction_fees#Technical_info
3686  Bitcoin / Bitcoin Technical Support / Re: Over 30 confirmations but still no btc! on: May 30, 2013, 07:42:47 PM
Seems to be common problem with multibit these days. The fix is here:

https://bitcointalk.org/index.php?topic=219616.msg2313310#msg2313310
3687  Bitcoin / Bitcoin Technical Support / Re: reg. Unconfirmed transaction. What now? on: May 30, 2013, 07:41:01 PM
You have a few very small outputs and a very small fee. It is possible that apart from the fact that it's not in any miner's memory pool, that they also didn't like the low fees.

How do you figure that? 0.45 is not a small amount and the fee of 0.0001 is now the default fee in bitcoin-qt so it is going to be the new "standard" fee.
3688  Bitcoin / Bitcoin Discussion / Re: Bitcoin are like diamonds ... on: May 30, 2013, 07:05:30 PM
Sure you can "brute force" a diamond: find a nice lady with a big rock on her finger, use your brute force to remove the diamond. Now you have a diamond which you didn't own before.



LOL clever! But I think the guy is talking about industrial diamonds that are created in labs.
3689  Bitcoin / Project Development / Re: Bringing Bitcoin to the world-competing with Western Union on: May 30, 2013, 07:03:04 PM
If you do this you will likely get arrested, robbed or both.

3690  Bitcoin / Bitcoin Discussion / Re: Bitcoin are like diamonds ... on: May 30, 2013, 06:55:02 PM
Diamonds are not rare. A better comparison would be with precious stones like rubies or sapphires. 
3691  Bitcoin / Bitcoin Discussion / Re: Bitcoin Bundle: Feedback for Bitcoiners on: May 30, 2013, 06:52:12 PM
If everyone understood it and it was easy to get the price would be much higher. So let them complain. Those who take the time to understand can enjoy the rewards.

Everyone else will get it once it has been dumbed down and made accessible for them. Whoever does that will become rich.
3692  Bitcoin / Bitcoin Discussion / Re: Start Using mBTC as Standard Denomination? on: May 30, 2013, 06:43:57 PM
What does the m stand for? Milli or micro?

I find it confusing and would rather use a decimal point than worry about mBTC.
3693  Bitcoin / Bitcoin Technical Support / Re: Is SSL necessary with bitcoin? on: May 29, 2013, 04:36:58 PM
No it isn't necessary. But your customers might feel safer if you use it. You can get a cheap SSL cert for $10 a year these days so it's probably worth it getting one.
3694  Bitcoin / Bitcoin Technical Support / Re: Searching old HD's on: May 29, 2013, 04:32:33 PM
A real bitcoin treasure hunt!
3695  Bitcoin / Bitcoin Technical Support / Re: Error: Transaction creation failed! on: May 29, 2013, 04:22:59 PM
I have to say this thread has been quite educational  Smiley
3696  Bitcoin / Bitcoin Technical Support / Re: Abnormally high fee of 0.0025BTC for a 324 byte transaction on: May 28, 2013, 12:14:18 PM
Yeah there aren't many transactions:

http://blockchain.info/address/1Af3bFEEPeJmnfWo7dCdsGpjf8jL8TDQdn
http://blockchain.info/address/17xvUU6Y5jeNSta9FagQL1Yx19SRKcacRx
3697  Bitcoin / Bitcoin Discussion / Re: So.... How long until the government says that terrorists use bitcoins. on: May 28, 2013, 12:10:07 PM
Seriously. Just one of them says they bought a couple weapons using bitcoins and we'll be SCREWED......

Bets anyone?

Don't they usually use suitcases of US one-hundred dollar bills? Was the backpack and pressure cooker not paid for in USD? If it's a weapon no one is supposed to own, it doesn't matter what kind of coin was used. Bitcoin's novelty offers scant long-term surety, but it all depends how the community treats it. It could end up being gold, so we still see a prospect in the face of Liberty Reserve, MtGox, and who ever is next. My money would be on OKpay, unless it turns out to be the financial arm of the PRC.

That would suck balls.

Actually i think the pressure cooker was bought in Amsterdam i read somewhere.


It was probably made in China. Everything is made in China.
3698  Other / Off-topic / Re: Religious beliefs on bitcoin on: May 28, 2013, 12:05:23 PM
As for #5, if God knows everything that happened, is happening, and will happen, then everything that will happen is already predetermined, and despite the illusion of "free will," god already knows who will sin and go to hell, and who will not, even for those who aren't born yet. So why the charade? Why not just stop sinners from being born in the first place, if he knows he's just going to torture them for ever?

Who will fuel the fires of damnation then  Roll Eyes?
3699  Bitcoin / Bitcoin Discussion / Re: Why does there need to be a limit on amount of transactions? on: May 28, 2013, 11:37:49 AM
The average Joe is not running a qt client.

Then what are they using? I think most people google for bitcoin and end up on bitcoin.org where they see this:

Quote
    Bitcoin-Qt is an app you can download for Windows, Mac, and Linux.
    Bitcoin Wallet for Android runs on your phone or tablet.
http://bitcoin.org/en/choose-your-wallet

So yeah they end up using bitcoin-qt. Then they complain that the blockchain download is taking ages Smiley I know that's exactly what happened to me.
3700  Bitcoin / Bitcoin Technical Support / Re: What is my sending address? Also strange transaction behavior. on: May 28, 2013, 01:43:16 AM
About sending the coins to yourself, you would have to send the entire balance of your wallet to one address in your wallet. Then the next transaction you make will use that address as the input. Frankly I think this method is more trouble than it's worth.
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