Nothing beats backup, back up the key in different geographical locations remove the need to protect a single point of failure, and keeping several copies at your relatives might give them chance to retrieve it once you were caught by an incident
I back everything up in 2 locations and 3 different drives. Backup is the best way to preserve something I used to love watching people at uni who stored all their assignments on a thumb drive only for it to fail. I'd ask if they'd backed it up... They learnt to do so quickly What's "uni"? Uni = University. Even worse I meant an older women at my previous University who kept her Thesis on a freaking 3.5'' floppy drive, no backups, and it FAILED. Poof, years of work....GONE. |
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Make a ring engraved with a private key forged in the fires of Mount Doom in Mordor
The Key only becomes visible when the ring is heated in fire
I think Charlie Shrem did this already...... How about storing them in plane sight??? Make a bunch of new addresses in a wallet each with 1 satoshi. Then pay all those satoshis back to one of your primary well-known wallet address that you can recognize. Use the 2nd number/letter of each address as the passphrase for a brain wallet which then give you a private key/public key. HIDDEN IN PLAIN SITE and won't go away unless bitcoin is dead. --Now that this method is said it is not safe (and not really random either), DO NOT ACTUALLY DO THIS!!! lol |
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I checked out this site today it runs like a charm. I also like that it's possible to use Monero  Faucet is easy and gives you free coins for every coin that the site supports and the free coins can be claimed every hour. So far this is the only casino that I have seen that utilizes Monero, great job and hope to see you succeed P.S. you should consider an advertisement on this forum or a signature campaign to raise awareness of your site. |
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The article title is completely misleading. Just because most of the trade volume happens on chinese exchanges doesn't mean that they 'control bitcoin'. Their exchanges largely have no fees and thus you can trade all day just to make 0.0000001 bitcoins and you will make very very small profits with no fees. Also they most likely fake their trade volume (you can watch 5000 btc bots that instantly buy/sell 5000 btc without the market getting a chance to eat away at them).
Also many americans and other countries trade on these exchanges due to their well developed futures markets that just aren't available elsewhere yet.
And the only mining that the article discusses (which would be the key point to saying a country "controls bitcoin") is mining of rare earth metals, not even bitcoin lol. The article would be better titled "The Rise of China" that includes its role in bitcoin, rather than "China now controls bitcoin".
/end rant
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The two party contracts sounds reasonable. As for the 3rd party channels it doesn't seem like they have really thought the whole thing through yet, but it's definitely a start! |
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Good news! So I asked the mycelium team to implement trezor support for androids via an OTG cable and now they are working on it. There is already a version in bug testing with a full version to be released soon (I got extra info from a PM) I would also like to request that Mycelium add support for the Trezor hardware wallets with the use of an On-the-Go cable. I believe the Trezor team has already put some code on GitHub as an example of how to incorporate it into multiple wallets. Thanks for your consideration.
Sure, no problem. Watch out for a beta release soon  |
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I would also like to request that Mycelium add support for the Trezor hardware wallets with the use of an On-the-Go cable. I believe the Trezor team has already put some code on GitHub as an example of how to incorporate it into multiple wallets. Thanks for your consideration.
Sure, no problem. Watch out for a beta release soon Awesome! Thanks for being so quick and willing to implement support for the trezor |
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With 50 BTC you can already do quite some movement on the market.
But to be a whale, I'd say that you need at least 200 BTC.
40 BTC is nothing in bitcoinland. That's less than $12,000 and 40BTC trades get eaten as if they didn't even exist. Often 5,000 BTC is enough to swing the price of bitcoin a fair amount, which is currently about 1.5 million dollars. I would just call that a shark/dolphin though. About 3 million dollars or 10,000 BTC would be a whale in my book. |
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News 3/10/15S&P 500 posts worst day in two months on rate worries
(Reuters) - U.S. stocks dropped on Tuesday, giving the S&P 500 its biggest decline in two months, on increasing views the Federal Reserve may raise rates as soon as June.
The Dow and S&P 500 ended in negative territory for the year, with the S&P 500 off 3.5 percent from its March 2 record closing high.
Dow suffers biggest point drop in 5 monthsThe Dow Jones Industrial Average suffered its worst one-day point drop in five months as investors began pricing in a rate hike by the Federal Reserve by the middle of the year, while other central banks are embarking on a quantitative easing path.
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OK, Ontopic Dad.  So when do you guys think the profit takers will hit? It has done a good job of being stable around 0.0025 to 0.0027 today. Not bad, not bad. No real massive dumps to tank the price. |
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Overall I'm pretty happy with the recent stability of bitcoin in the mid $290's after all that growth these past few days. This is perhaps the calm before the next growth spurt. If you draw some pretty TA lines from the past 2 days it looks like the new support is at $291 with an upside potential of $303 short term. Lets see what tomorrow brings us |
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I think its time to remind ourselves of this guy who is probably shitting his pants right now: https://vid.me/ima7And my previous LoL at the person who dumped 40k coins around 0.0014. |
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I have a strange thing, i call it "my feeling" whenever i buy anything it goes only UP....
i had this in bitcoin also. and lot of other altcoins.
but on this one i see great future ahead.
so i left my feeling away and i wanted to ask how do others see the future on this.
thank you for sharing you opinion.
i read gui will be available also. do we have any update on that?
I had never held an alt before, until I discovered monero last summer. Before I even did much research into it, I just had a gut feeling that here was something special. I still think so, and I hold more than I had ever considered last year  I love that there is steady progress in development, and no p&d. It's almost as if the team and community are working toward a viable monetary system, and not just a get rich quick scheme. i have the same idea here...and it's the first coin i boughtt and will forget about selling it...will have a look on that years later... i might buy more but selling not gonna happen for the next couple of years. to paraphrase something I read somewhere: Monero is everything bitcoin should have been. Well to be honest, having a completely transparent P2P ledger most definitely has its place in the world. Monero is all of the anonymity that Bitcoin doesn't have. And there is definitely a very large market for anonymity On a side note: Only 30BTC worth of buys until we hit 0.003 BTC/XMR |
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21’s lead investors include U.S. venture-capital heavyweights Andreessen Horowitz and RRE Ventures, along with Chinese private-equity firm Yuan Capital, with a strategic stake going to chipmaker Qualcomm Inc.QCOM -1.13% through its venture-capital unit.
Additionally, Khosla Ventures and Data Collective have invested in 21, as well as chief executives and founders from various tech companies, including PayPal co-founders Peter Thiel and Max Levchin, eBay Inc. co-founder Jeff Skoll, Dropbox Inc. CEO Drew Houston, Expedia Inc. CEO Dara Khosrowshahi and Zynga Inc. co-founder Mark Pincus --Those are some big investors Qualcomm’s involvement could spur speculation that 21 has its sights on the so-called “Internet of Things.” That’s the idea that a myriad of smart, Internet-connected appliances will in the future communicate with servers, networks and each other to optimize their operation, maintenance and energy usage without direct human involvement. --It would be great if they are really working on an Internet of Things based off of the Bitcoin network rather than Etherum (IE IBM). Especially if they end up creating a decentralized stock exchange or if they are the first to introduce a full implementation of smart contracts. |
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Anyone willing to loan me 70 XMR interest free for approximatelty less than 8 hours? I need to pay someone and my wallet is going to take a while to update.
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Anybody know the current volume of BIT? Is that what's moving the price right now? Usually we get a crash after the GOVT auctions.
If I recall correctly we actually get a small dip prior to auctions and then once all the traders' fears are soothed that people won't be massively dumping the coins on the exchanges we actually get a good sized rally. |
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News 3/9/15S&P 500 can’t fight the market’s selloff forever More and more stocks no longer are in uptrends, even as the S&P 500 manages to maintain its uptrend,” said Carter Braxton Worth, chief market technician at Sterne Agee. “Unsustainable divergence, we’d say.”  --Although there are plenty of other stocks within the S&P500 and oil hasn't done that well this quarter the fact that the NYSE composite is also following the general downtrend while the SP500 is diverging should mean something... China inflation rises, but deflation fears remain China's economy grew 7.4% last year, its worst showing in 24 years. The government has set an even lower target for this year of about 7% growth.
The central bank took advantage of mild inflation and cut benchmark interest rates, effective March 1, to help bolster economic growth. It was the second rate cut in a little over three months. --More interest rates cuts. Declining growth in china.
Home-price expectations are cooling, survey findsHome-price growth has slowed, according to recent data. The year-over-year growth rate for the S&P/Case-Shiller 20-city composite slowed to 4.5% in the final month of last year, compared with 13.4% growth in December 2013. --I would actually be in favor of housing prices to come down due to a higher interest rate (if that will ever happen) and a correction in housing prices. It's about time for me to buy some new property
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Current trade: Just went long @ 297 BFX. Looking to close @ around $360-430. It is about to cross $300 any moment now on BFX. The recent FINRA news is quite bullish, short term is very bullish as well. Lots of cup and handles being formed on the charts.
You waited all the way until $297 to go long? What a missed opportunity, as soon as it passed the $285 area it was pretty obvious that the rest of today was going to be bullish. Best of luck for tomorrow. |
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If you are going to buy alts, why not buy actual 2.0 coins with lots of features? Because the best anonymity features are in XMR. And the dev team. Actually developing for the future, not next week's pump n dump. It seems the dev of DRK is going to rebrand Darkcoin into Dash in a sort of dictatorship like way and people are already dumping their DRK hard. I have a feeling that XMR will have a lot more room to the upside the coming week. GO BTC GO XMR  I hold BTC, XMR, Counterparty (XCP) and BitcoinDark (BTCD). BTC for obvious reasons, XMR due to best anonymity out there (also very useful for sending bitcoin anonymously via http://xmr.to ), BTCDark in case the whole SuperNET takes off. I also have some LTC floating around somewhere for shits and giggles. Both Bitcoin and Monero (XMR) made huge gains today, even if I lost a good portion of my trading Bitcoins the rest of my stash is still happy with the price increase |
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