Don't take so much these answers by heart. I think there is a lot of trolling in many of these user's answers. This thread is not to take seriously at all in my opinion when evaluating current Bitcoin holdings by users.
I even think that some people are having fun by just writing random numbers and random crap now and then!
There's obviously no way of knowing, but I gotta say I wouldn't be surprised if most people are being truthful or even bigging up their modest stash. Well you still need to be careful. For instance from the domain of public information available to anyone, i can tell you have 0.43226892 BTC stored online in your Bit-x BTC1 wallet address. And then in a typical transaction, you can explore linked transactions to an address and see that in total, the user has sent for example 100BTC over time to an address that has never seen any withdraws. So you can tell its probably in cold storage. With enough digging and with social engineering, its totally possible to go after someone starting with public information, so again; you still need to be careful. But that is still not definite proof. How do you know that an outward transaction from 1 address is not going to a 3rd party, or it is going to his own alternate address? You have no way of knowing. Yes addresses can be interlinked, but so what? Even if the identity is interlinked to 1 address, you cannot find the identity of all addresses, so this info is not very useful. I`m more worried if you hold bitcoin in an online wallet like coinbase, where you got all bitcoins directly labeled to your identity, and everybody elses who uses it so that can be bad for privacy. |
|
|
|
If in case an emergency happened and I need to get quick funds, why wouldn't I sell some of my bitcoin holdings? I believe that bitcoin will go big in the future, but in the recent times, bitcoin has only a small scope of application in real life; you can't pay mortgages and medical bills through bitcoin.
Just wait my friend... Patience, Rome wasnt built in 1 day. Watch this map carefully https://coinmap.orgIt is spreading like wildfire  |
|
|
|
Psychopath and a stupid. "Perfect" combination. I feel sorry for both of them especially the man. Why didn't he realize that his girlfriend is a kind of psychopath by coaxing him like that and he shouldn't have killed himself.
I still cant understand why are people so dumb enough to comit suicide for a stupid girl, i mean do these guys have nuts in their sacks? It is just horrible how pussies guys have become. They really need to stop being so submissive. |
|
|
|
More than 1 , less than 100.
I don't believe in discussing ones exact personal wealth though. You don't discuss money, religion & politics in great detaip with people you don't know.
Well the thread ask people if they have one Bitcoin, under 100BTC is information you volunteered yourself Beside the morality issue about it is kinda moot. BTC isin't about hidding wealth, its about making it impossible for people to steal it if properly managed! I would not call this thread as an information database on wealth, I mean people can just simply lie. I can also say I own 1000 BTC, you cannot prove nor disprove it, so this thread is just for fun. So dont believe for a second that people who post here that they own 2-3-4-5 BTC are telling the truth |
|
|
|
It is not pointless, it has nothing to do with the public address and we wouldn't be using SHA256d to store our priv key and your public address is NOT your priv key in SHA256d, it is not decryptable, it is not possible to decrypt your public address into your private address.
But it is possible to encrypt it, your private key with encryption algorithm and just password it, like thisismyuncrackablepassword.
And then you only need to when you want to get your money is run the output that you printed on a piece of paper or stored in a usb key, load this in the encryption application and input your password.
You can do a puzzle if you want to go fancy but you're still going to need redundancy. If you lose a part and you don't have other copies, you're fucked, so either way you need a master copy, safe somewhere.
And there is no better way to hide a priv key than the same way your BTC are protected by it; by being hidden behind a hash that cannot be bruteforced.
The puzzle thing is probably a good idea if you want your kids to go through a puzzle to get their BTC/allowance or something. But if you want to keep it secured, obfuscation is the way to go. Not hidding the privkey naked in your socks.
Sorry but you dont get it, i was using an example to illustrate. I was saying that an AES256d private key is just the same as a naked private key, because then you would need to memorize the AES 256 key, so you are back at square 1 because you still have a password to secure. So its the same to write down a bitcoin private key and hide it under your pillow, than a AES256 encryption key of the bitcoin private key under your pillow. So this makes no sense. ======================= Yes also the more pieces you have the better obfuscation, but the higher risk of 1 being lost you lose access. You need to weight that risk in. You can put 1 key under your pillow and you know its there, but if a burglar takes it he can acces the bitcoins. Or you can split it in 4 pieces, hide in different places ,and the burglar only takes 2 of them so he wont have access. But now you wont have access either |
|
|
|
Well, then yes, it would be possible. I'm assuming USD's PPP remain in a normal growth, with a normal inflation. If the US collapse and stop existing then sure, but then USD is no longer a barometer and people aren't any richer than now if they own a Quadrillion USD.  Just that at the current buying power of the USD, there is no way for BTC to reach 1million, that would be BTC would have a market cap of somewhere near the total global economy of every nations, or more. Well this is not an economics theead so i wont get deep into it, but actually you would be richer because all fiat currencies would collapse at the same time. The USD is the bottom of all of them ,and if you lose the bottom, all of them fall down. And if the money flows into BTC, then you would be a very rich person by holding BTC alone, since BTC is immune to fiat inflation. |
|
|
|
Laminate your paper wallet up to water proof. Then put it down into a fisher tank. No one will check your fisher tank for your bitcoins. You can watch your paper wallet while you are watching and enjoying your fish drivings.
Well now that you have said it, they will... I dont understand why would people make a thread like this, it will blow everybody's best hiding places. Seriously, guys you are exposing yourselves this way, and if a burglar would look for your bitcoins , now they would know where. It's not a good idea to expose hiding places...  Because people don't understand that the answer is not where but HOW. You can just encrypt the privkey and print it to a piece of paper. If someone find it, and its really hard to find a single small piece of paper. Then they will still take 1 billion years to decrypt it. GG. Hide with your brain, not with your eyes. But an encrypted version of the private key exactly the public key. So it would be like writing down the bitcoin address not the priv key, which makes no sense. You still need to memorize the private key and write it down to another piece of paper, which then creates 2 important pieces of paper and double the risk that if any gets lost you lose access to the money. No, the public key is a derivative that cannot be reverse engineered. I'm talking about actual/real encryption of file/data here. For instance like TrueCrypt. You do need a password to decrypt it, or a encryption/decryption key. And you need to know how you encrypted it. Only you should know so thats even more security. You could for instance hide the decryption key appart, or in a safety box. Or just password it. And you don't have double the risk to lose your coins because if you have only a single copy, you're doing it wrong from the start. Yes i understand that, but i mean that is is pointless. It is like writing down your bitcoin address on a piece of paper whih is pointless because we want the private key secured not the address, that is already public. And if you encrypt the private key with lets say AES-256 then you need another private key to memorize which is back where we started, because this doesnt add extra security to it, as anybody who would know the AES key would also know the bitcoin private key. So it makes no sense at all. What you can do instead if break the private key in 4 pieces, number them, and hide them in separate places, like puzzle pieces. |
|
|
|
There are still people's who think if bitcoin is ponzi scheme, they not understand about bitcoin basically and just judge without thinking/understanding. *snip*
Buy--> Use = No profit no lose when used as money
Buy-->Hold-->Use = Big profit,NO Lose. Profit only when used as investment.
I like this. There are still people's who think a few milleniar ago, there was Adam and Eve and she bit in an Apple because a snake say so. Or that the earth is flat or Canadians live in igloos. Better just forgot about it, imo. If that is so, then anything is possible. Bitcoin could go to 1000000000000$ easily, good things need to happen more often, not just bad ones... Well, its not possible for bitcoin to reach 1 million USD, let alone one quadrillion USD. Gotta keep within limits of reality, which this is not. But it would be possible for it to reach 1k to 10k USD in our lifetime. 100k USD is also impossible. If the USD would be hyperinflated then it would be possible. 1 BTC =2,381,724,241,311,967,700.00 ZWR (Zimbabwe dollar) So if you live in Zimbabwe and hold 1 BTC you are a Quadrillionaire |
|
|
|
what linux u recommend? i downloaded kali but never got to unpacking it
I use linux mint on my PC, its 100% free, easy to install, but it will need some time until you get used to it. http://linuxmint.com/It should be also pretty secure against viruses, as 90% of viruses are designed for Windows,. But if you want extra security then there are antiviruses and firewalls for linux too. |
|
|
|
Laminate your paper wallet up to water proof. Then put it down into a fisher tank. No one will check your fisher tank for your bitcoins. You can watch your paper wallet while you are watching and enjoying your fish drivings.
Well now that you have said it, they will... I dont understand why would people make a thread like this, it will blow everybody's best hiding places. Seriously, guys you are exposing yourselves this way, and if a burglar would look for your bitcoins , now they would know where. It's not a good idea to expose hiding places... Because people don't understand that the answer is not where but HOW. You can just encrypt the privkey and print it to a piece of paper. If someone find it, and its really hard to find a single small piece of paper. Then they will still take 1 billion years to decrypt it. GG. Hide with your brain, not with your eyes. But an encrypted version of the private key exactly the public key. So it would be like writing down the bitcoin address not the priv key, which makes no sense. You still need to memorize the private key and write it down to another piece of paper, which then creates 2 important pieces of paper and double the risk that if any gets lost you lose access to the money. |
|
|
|
This isn't completely accurate - you can mine and MAKE money, it just takes a lot of money to get started and a lot of time. It's the same has trying to pan for gold on your own and make a living at it...it just isn't worth it anymore. You can find gold but not a lot. And it's that low ROI that keeps people from doing with with their PCs. Instead they use mining machines, specifically configured to conduct the processing needed to complete the algorithms.
Man i`m really bored of newbies asking always the same question. And no disrespect to you but it is annoying.
No shit, it's like these people don't bother to read anything on the forum to learn before they ask questions. But I guess their questions are our personal gain... But thats not good isnt it. If the ROI is not in a few months then you are basically getting back your own investment, and not making profit for months. If you were to get a 50,000$ loan to buy ASICS, then you would need years to ROI that, with a lot of risk too, and by then the profits would really shrink as new and more efficient ones would come out for lower prices... The only ones that make money are the bank you got the loan from and the ASIC manufacturer. |
|
|
|
Laminate your paper wallet up to water proof. Then put it down into a fisher tank. No one will check your fisher tank for your bitcoins. You can watch your paper wallet while you are watching and enjoying your fish drivings.
Well now that you have said it, they will... I dont understand why would people make a thread like this, it will blow everybody's best hiding places. Seriously, guys you are exposing yourselves this way, and if a burglar would look for your bitcoins , now they would know where. It's not a good idea to expose hiding places... |
|
|
|
shoping and gaming.
online gaming and gambling.
I do investment, some shopping and gambling with my bitcoins.
Gambling is one of the top 3 industries in bitcoin, so the gambling industry will flourish with bitcoin. Shopping is also in the top 5 but not in the top 3. Investment/trading is in the top 3 too. |
|
|
|
If we have this forum, why we need social network - it would be complete waste of time  Because the forum is for discussion. a website or section of a website that is used for public discussion of a specific topic and on which users can submit or read messages:
The social media site is for befriending eachother and getting to know other people, and build up friends in the crypto world. Its much easier to organize if you have friends. For example if you get like 30 friends, you can then start a joint project for some bitcoin idea, would be more easy than to get 30 volunteers in this forum. |
|
|
|
Hold on a second, RealBTC, mate. You are completely and absolutely right. Up until now Nxt/SuperNET has concentrated on getting the technology right, forging useful partnerships and getting some groundbreaking projects on board and working. Now that we have all of that, after 2 years of serious work, we can move on to improving our marketing. And, coincidentally, I have a plan.....  Don't forget to check out the 1.6.1e client, as delivered by Jean-Luc....now with an integrated ShapeShift plug-in for all your crypto swapping needs ! (still experimental, but it can be used on Mainnet. Version 1.5.15 is still the recommended, stable client release) Yes, thats cool. Are you in the marketing team of NXT or some advisor there? What is your rank in the NXT community? It definitely needs more promo, so that will emerge it into the "heavens" or to the "moon" to say it with better words. I dont have space unfortunately for the client but i`m looking forward for more Supernet releases. The shapeshift plugin is definitely a nice one +1! |
|
|
|
NXT and NEM are both good choices.
My vote is for the NEM blockchain platform with Proof-of-Importance, EigenTrust++, delegated harvesting and m-of-n multisig.
I dont get why is that so sophisticated to have that algorithm. It may prove to be useful later, but at the moment they dont have lightweight client, which is a big down for me. I like Supernet for NXT they made it very elegantly and it is really for small users. |
|
|
|
I dont know they all look like HYIP/ ponzi shemes, they even have the design of the website copied from other ponzi schemes. Can anybody verify these websites if they are legit or not, because to me they look very suspicious... |
|
|
|
Yep, bitcoin is not a democracy, its a mining oligarchy, because essentially it's the miners who own bitcoin, while we just lend it from them.
If the miners would all got together to form a 70% ownership cartel, then we would all lose our money.
Consider the scenario - 90% miners decide to make a shift in the Bitcoin protocol. 10% decide on retaining it. Since they are in a minority, this is a hard fork and the 10% form an altcoin. Now, if the majority of people using bitcoins decide that they will accept only the 10% miner-alt as Bitcoin, then the remaining miners can take a hike (in spite of their majority). Interesting, but the bitcoin users are not very unilateral, its far more likely that they will split in 2 if the claims of the 10% are legitimate, and we will have 2 bitcoins with half value each. That scenario would really suck.... |
|
|
|
Guys you surely realized by now that 99.99% of the advices on this thread are fake and useless.
The only way people will be come rich is
1) They create something extraordinary and ultra innovative that people will have big demand for
2) They have alot of capital and use it to create more money
3) They get lucky and win some jackpot
Sorry there is no other way, anybody who says it is is just a wishful thinker.
This proves my point. You guys have no idea how to get rich, thats why you give nonsense advices, and obviously you wont get rich that way. With my way you can get rich, but its not easy, or you need to be lucky. Not everybody is meant to be rich. |
|
|
|
There are still people's who think if bitcoin is ponzi scheme, they not understand about bitcoin basically and just judge without thinking/understanding. *snip*
Buy--> Use = No profit no lose when used as money
Buy-->Hold-->Use = Big profit,NO Lose. Profit only when used as investment.
I like this. There are still people's who think a few milleniar ago, there was Adam and Eve and she bit in an Apple because a snake say so. Or that the earth is flat or Canadians live in igloos. Better just forgot about it, imo. If that is so, then anything is possible. Bitcoin could go to 1000000000000$ easily, good things need to happen more often, not just bad ones... |
|
|
|
|
Show Posts
