No address was changed - 9 BTC!
If those 9 BTC are exactly the remainder. (Eg. you had 10 BTC in your Armory, you sent 1 BTC to some addres, then those (remaining) 9 BTC were returned as "change = small coins" to you.) Those new addres with 9 BTC should be under your control. What does Armory balance say to you? If it is 9 BTC then you are ok. If you are unsure, post that "new" BTC addres here and we can check the transaction in blockchain. |
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I transferred my coins +24h ago...nothing in my wallet yet.
Did you guys recieve your bitcoins within 24 hours?
I took additional two hours in my case. (So within 25-26 hours). |
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ZephramC; 30; 2.58; 1ZePhramiDqjYJzqiyUFaY5qhz5k4unRC
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1. I decided to do the 20 Chip version.
It means more work for me though, have to redo parts of the design.
I've ordered 30 chips. Does this mean I will be left with 10 useless chips or will you offer the 10 chip version as well? me too. I was also thinking about ordering 30 chips. The question is if it means both 10 chip and 20 chip version will be made or only 20 chip. Edit:: I ordered 30 chips (ZephramC; 30; 2.58; 1ZePhramiDqjYJzqiyUFaY5qhz5k4unRC). I have in mind one double density board and the remaining 10 for normal density (if it is avaiable) or (if it is not) just for re-shipnig with DDboard as raw chips. |
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I also got my BTC back from Bitcoin-24. I have left some of them there intentionally though.
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i vote to ban you if you are wrong ...
I have just recalled one scene from Startrek. It was capitan Kirk saying: "As soon as we have democracy here, I will let you know." :-] |
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I have come across some used bitcoin and would like to reload them if possible, but not quite sure how to go about it.. familiar with moving coin through exchanges, wallets etc, but this seems to be slightly different and not much info out there on how to do it.
Well, you can reload the bitcoin simply by sending BTC to its address. But the one who used that bitcoin first (the one who removed the hologram and redeemed original coin value) will have access to all the balance. If the one was you (and no one knows the privkey) then you could do it and keep the coin at the safe place as colectible with stored value. |
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You can also try to
1) uninstall ixcoin (but keep your old wallet.dat somewhere!),
2) restart computer, then
3) reinstall ixcoin somewhere else (eg. not to c:\Program Files\ixcoin\ but to c:\Program Files\ixcoin2\).
4) Then you run it and watch closely if your firewall/antivirus/whatever asks you some qustion (like "Allow connection for ixcoin").
Wait for several minutes (5-10). If there is a connection then close ixcoin and replace newly created (in step 3 or 4) wallet.dat with the old one (from step 1).
If there is no connection... then right click icon you use for running ixcoin, choose Proerties and change "C:\Program Files\ix...\ixcoinsomething.exe" to "C:\Program Files\ix...\ixcoinsomething.exe -addnode=198.154.60.183". Then try again.
If it do not work then I do not know...
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I got the announcement that Mike is selling Casascius direct again but at a minimum of 50 coins. Then I saw the prices. Wowza!
Let me say right now that I am a huge proponent of letting the market decide the price and I certainly don't begrudge Mike on his choice of prices. I am interested in the general sentiment. Are the prices too high for other people? I want to resell these as individual coins and I don't think I will be convincing individual buyers that my margin plus Mike's margin is worth it. Right now it sits at 1.26x for the 1BTC coins and 1.52x for 0.5BTC coins.
Mike's coins are excellent products and I did order a 25BTC coin because the margin was very reasonable, but when I made that order I actively decided to not get any of the roles of coins. Take that as feedback Mike. Hopefully others will chime in.
Those prices kill any chance for so called 're-sellers' to make a market. 1.52x? Thats way over the recent Casascius auction (  ) prices, so 'letting the market decide' does not seem to apply here. In any event, and like i said in his thread, theres a risk of damaging brand Casascius. The latest actions, for me, just chip away at the magic, and i say that with huge regret. If the demand for coins for this price will be well below Mike expectations, he will probably lower the price. If there is still reasonable demand then the marked has decided. |
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There is an intuitive understanding among human beings what is someone's (or a group's) natural possession, what is just and what is unjust property.
But. This. Is. One of the core mistakes of Marxists/socialists. Or perhaps this "only" leads to one of the greatest mistakes. Indeed there is very strong intuitive understanding what possession is "natural" or "appropriate" or "unjust". Everyone has such feeling. But... somehow, each single person has it different. There is no single "objective" fair distribution of property which all people will feel as right and natural. There is not even some "reasonable interval" which everyone will intuitively perceive as right. In the extreme case, hoarder of millions can feel as much as robbed as poor hungry guy when someone forcefully takes bread from him. And both of them have exactly the same right to feel so. And property of both should be protected by the same principle to the same extent. Property of aristocrats gained not by voluntary trade, but by applying force, violence or threat of such is of course something completely different. |
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I think we will test BTC0.00667 again this week.
Wow BTC0.00667 per BTC? That's ~15000% profit per trade. Oh I see, you want the price in USD. I'll rephrase: We'll be testing $0.15 this week. So you do not mind selling me some BTC for $0.16 at the end of the week? :-] |
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And still not a single word on the tens of thousands of BTC he is holding. It is almost like he is pretending they don't exist. Has anyone called him out on that?
If he pays them out now, while under investigation, this would get him jailtime. In §261 of the german penal code you find a parapgraph dealing with obfuscation of money laundering funds. Sending them out would mean he is likely breaking this law, while under investigation. He might get lucky if his lawyer gets him out under §258 that says that obfuscation measures are not penalized if he is trying to help himself, but in germany, we have a saying "Out on the sea and in german courts, you are in the hand of god." It might net him 2-3 years of trials and costs. I know that it sucks, really sucks donkey balls for everyone who has money with him, but he is an idiot to make ANY statement. He should shut the fuck up and say no. word. at. al. Not to police, not to the DA, not to his customers. And definitely not in an open forum. I repeat, Simon if you read this: Shut the fuck up and stop trying to be nice to your customers. It is hurting THEM and YOURSELF. You want them to get their money back? Get your site back online? Great, stfu. And I don't know how good your lawyer is. I really don't. But I suggest getting in touch with Udo Vetter, a criminal defense lawyer from the pirate party. I strongly disagree. We need more transparency and communication from Simon not less. (And returned BTC and EUR as soon as possible to restore some trust.) ( Not supporting government "guilty-until-proven-innocent" AML witchhunt. :-] ) Actually withdrawals of BTC are working for 22 hours (with remark "All of them will be processed manually in the next 24 hours"). Lets hope this time Simon will keep the word. Some people (claims that they) already received their BTC so I am becoming lightly optimistic that perhaps I will be also one of them soon. For fiat, we have to wait. |
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It really does promote "spending only on what you need" as I made promise to myself not to spend any btc unless I'm going to die.
How do you know when exactly you are going to die? |
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Just for the information, I also have problem with reseting my password (no email arrived). It is no big issue though and definitely not a priority. (There is nothing valuable in my account and I do not use this password anywhere else.)
My bad, I was entering wrong email address. Now with the correct one, password changed. |
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Deflational economics have a problem that people stop actually creating useful products and services. Because anyone can just get some start money and wait for it to raise its value, use it for living. It is a form of crysis too...
On the other hand, Bitcoins are very very far from being a major money in a global system. So I think it will actually get funded by those rich players who bring a lot of dollars into the BTC market, for a long time more. The traditional markets have so much money that it's not a problem for global economics. And BTC still has its unique advantages as a payment method, so it won't avoid being highly valued.
OK. So imagine you are the merchant and you arrive at conclusion that it is better for you to close your company, fire your employees and stop producing anything useful. You just keep your bitcoins earning profit for you. 1.) You are convinced that this is rational and profitable decision. 2.) Therefore you will also conclude that other merchants will arrive at the same conclusion (surely they want profit too). 3.) Therefore you expect that the car seller will stop selling cars soon, travel agency will cease functioning, food will be scare and pleasure place will close. Now we can ignore steps 1. and 2. What will the step 3 force you to do? Spend some bitcoins when there is still time! (Or would you really keep them even as shops in your neighborhood are closing one after another?) So there is negative self-correcting feedback loop. The more you expect BTC will gain value the more you realize that others will decrease production and consumables will be scare and the more you will be spending now. The one with the best foresight will make the most profit. |
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To give myself an Avalon in 2009.
squish
And? You would start mining and the small bitcoin community of 2009 would notice something very strange and odd with th hashrate. Bitcoin would be redesigned or maybe even shut down. So this is your plan? :-] |
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Does anyone see a problem with deflation and massive hoarding after all of them have been printed out?
More and more people see problem in that. Especially newcomers. But this properties of bitcoin are at the same time the reason why many people want and love bitcoin in the first place. This not a bug or flaw, it is a feature, an advantage! Anyone who wants inflationary money or discouraged hoarding or some form of taxation redistributing wealth have many possibilities already. Both in fiat money and in some altcoins. I hope bitcoin will stay as an alternative. Otherwise it will become as worth(less) as other solutions. |
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I think it will drop around negative 50 dollars. Might drop even more, maybe negative 80.
I think imaginary (or complex in general) valuation is more probable than that. :-] |
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Very good post for us new to bitcoin, cheers  However, one question - I thought bitcoin was meant to be infinitely divisible (sure I read that when reading about deflation)? I ask because of this: 'SAT' & 'Satoshi'
Smallest possible denomination of bitcoin, which is 0.00000001 BTC.
Thanks again for a great post. K. Bitcoin is not and never will be infinitely* divisible. Amount 0.00000001 BTC is currently smallest unit. Value is currently expressed by 8byte (64bit) number of this units. This means there is space for 18 446 744 073 709 551 616 units. Considering maximum 21M coins, smallest unit would be ~1.14E-12 BTC. Effectively this means space for adding additional 3 decimal places up to 1E-11 BTC as other values for smallest unit would be impractical**. We can estimate gross domestic product of planet Earth to be less than 1E14 USD (about 0.83E14 in 2012). If all the world economy was converted to bitcoins then 1 Satoshi would be worth 4.762 cents in current USD. Above mentioned "smallest unit" thousand times less. This I consider adequate for the planetary phase of human evolution :-]. * - infinitely divisible no. But divisible up to the number of atoms in the observed universe times number seconds universe exists that would be no problem.** - in decimal base. Tonal bitcoin that is different story. |
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I've bought btc as mtgox.
How is the procedure to transfer part of them to a paper wallet? Where I get the private key?
Actually, you do not need (paper wallet's) private key for sending BTC into it. You need only paper wallet's address (which is actually hashed public key in Base58 format). Private key is needed only when you want to spend something from paper wallet. |
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