After Months of Tests, the Bid to Finally Scale Bitcoin is Nearing LaunchSince Segregated Witness was announced last December, it has been one of the most anticipated software releases across the bitcoin community. If it succeeds, the software patch could be the first step to growing the block size and scaling bitcoin. http://www.coindesk.com/bitcoin-scaling-segregated-witness-expected-launch/
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How blockchains could change the worldWhat impact could the technology behind Bitcoin have? According to Tapscott Group CEO Don Tapscott, blockchains, the technology underpinning the cryptocurrency, could revolutionize the world economy. In this interview with McKinsey’s Rik Kirkland, Tapscott explains how blockchains—an open-source distributed database using state-of-the-art cryptography—may facilitate collaboration and tracking of all kinds of transactions and interactions. Tapscott, coauthor of the new book Blockchain Revolution: How the Technology Behind Bitcoin is Changing Money, Business, and the World, also believes the technology could offer genuine privacy protection and “a platform for truth and trust.” An edited and extended transcript of Tapscott’s comments follows. http://www.mckinsey.com/industries/high-tech/our-insights/how-blockchains-could-change-the-world
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This question is only for those with a considerable amount of BTC !!!!!
(Please, no satflaps)
If you are holding 100+ BTC
how do you plan to cash them out or say at least half of them, if BTC prices rises, but before bubble bursts
so how would you cash out 50 BTC quickly ?
i am mostly looking for answer that requires least amount of fees and effort,
exchanges like coinbase, you run the risk of them holding your BTC and questioning the source of your BTC etc.
i assume if price of BTC was say $2000 and you try withdrawing exchanging 50 btc for fiat,
it may raise a flag on their system
Localbitcoins, would be time consuming and hassle for such amounts
ATM you are paying 7%, not so bad if price has risen a shtload, but still be time consuming emptying the ATM everyday
and you may need to pay for a hotel to be near the ATM
1. Exchange  ? it "may" raise a flag on their system but if you can prove when and where you bought the coins there is no problem. cashing out wont be a big problem - you should put more effort in storing them properly |
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The general consenses is about 10 years until you start to get I/O write errors. Mounting and reading from the devices will last until entropic decay transpires.
Drive manufacturer Flashbay has said that data retention could theoretically be in the region of 60 to 80 years, if stored in a perfect environment. In reality, it is far lower, but at least 10 years if you buy a quality USB stick. But there is nothing wrong with a paper wallet or a CD of course.
When you upload it to DropBox is has additional risks, i would not recommend that.
Paper Wallets have their risks too. Nothing is risk-free.
I agree. What about archival DVDs? Maybe if stored in a proper environment, without light and humidity they could last for decades? decades are a long time . if you really want to store it for this long timeframe, just make a addtitional paper wallet and put it in a bank-vault. or google "M-Disc", that would be another option. a proper environment, without light and humidity is an important factor in any case. |
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well i have good news or bad news, this week i took out all my saving from my bank 3500 and bought some bitcoin
i now have a total of 6 bitcoins,
last night i bought 5 usb sticks and 2 waterproof boxes, i put the box inside of the other box then the 5 usb sticks in the middle of the box, afterwards i went into my backyard and dug a hole underneath the bird fountain,
https://bitcointalk.org/index.php?topic=1466206.020 years is a bit risky if you do it that way. @hopenotlate i will search in your toilet  |
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The general consenses is about 10 years until you start to get I/O write errors. Mounting and reading from the devices will last until entropic decay transpires.
Drive manufacturer Flashbay has said that data retention could theoretically be in the region of 60 to 80 years, if stored in a perfect environment. In reality, it is far lower, but at least 10 years if you buy a quality USB stick. But there is nothing wrong with a paper wallet or a CD of course.
When you upload it to DropBox is has additional risks, i would not recommend that.
Paper Wallets have their risks too. Nothing is risk-free.
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Here's Why Blockchains Will Change the WorldThe Bitcoin technology creates the World Wide Ledger of value. As early as 1981, inventors were attempting to solve the Internet’s problems of privacy, security, and inclusion with cryptography. No matter how they reengineered the process, there were always leaks because third parties were involved. Paying with credit cards over the Internet was insecure because users had to divulge too much personal data, and the transaction fees were too high for small payments. In 1998, Nick Szabo wrote a short paper entitled “The God Protocol.” Szabo mused about the creation of a be-all end-all technology protocol, one that designated God the trusted third party in the middle of all transactions. His point was powerful: Doing business on the Internet requires a leap of faith. http://fortune.com/2016/05/08/why-blockchains-will-change-the-world/
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China Joins the Blockchain Race With ChinaLedger AllianceWanxiang Blockchain Labs, a Shanghai-based nonprofit research institution which hosted the first Global Blockchain Summit in Shanghai, is to lead an alliance of 11 regional commodity exchanges, equity exchanges and financial asset exchanges with the aim of creating "an open source blockchain protocol that developers can further build upon in the future" according to Bai Shuo, former chief engineer of the Shanghai Stock Exchange and director of the technology committee for the ChinaLedger Alliance. http://www.nasdaq.com/article/china-joins-the-blockchain-race-with-chinaledger-alliance-cm614734
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This is from Dec. and has nothing to do with the recent claims by CW. Are you posting this for historical perspective for those that either missed the first round of CW or have forgotten it? i forgot about this article and how ridiculous this "Satoshi" is and made that repost. quote: "On The Conversation, Wright was pro-capitalist, anti-hacktivist and was pro-corporate. This contrasted starkly with the voice of the Nakamoto who originally posted about Bitcoin on the cryptography mailing list. That Nakamoto had an entirely different voice that was largely patient and respectful and sought feedback not absolute submission.
That Nakamoto would have known how to spell Bitcoin (he rarely made spelling mistakes in his writing unlike Wright’s writing that was plagued with them), would have suggested Bitcoin as the first alternative to PayPal and was not a supporter of financial third parties mediating financial transactions." |
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Barbados Wants To Become The Caribbean FinTech CapitalBarbados the Caribbean country has been on the media scope for a while, the nation experienced a surge of media coverage regarding the adoption of Blockchain technology, along with FinTech innovations, Bitt the Barbados-based FinTech firm secured several million dollars in investments, the company’s dream is to allow the local Caribbean nations adopt Digital National Currencies. http://themerkle.com/barbados-wants-to-become-the-caribbean-fintech-capital/
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