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Just had a really good idea: Let's start transacting our bitcoins with each other on testnet when blocks get filled up again. I understand they have segwit working there, so we wouldn't have to worry about malleability as much.
What do you gents think?
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The strategic move away from Bitcoin mining was actually not a bad decision in the end... If they were still mining after the Halving, they would have had to close their doors. We will see a lot of
companies going under in the west, once the Bitcoin rewards are halved... and mining will get more centralized in countries where the electricity are being subsidized. { China } It is just unfortunate, but a natural reaction, when you have surplus cheap energy. Only if by "surplus," you mean "burning coal like there's no tomorrow." China generates 70% of its electricity from coal  Isn't this a natural result of the halving coming and less coins will be produced meaning less mining? Looks like it is happening to others as well.
Dunno. Ramping up like a champ thus far https://bitcoinwisdom.com/bitcoin/difficulty  |
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Who is he  The guy responsible for giving bitcoin its worth. Without him, we'd be trading in double digits now. How do you get to that? He is actually the opposite of what you saying.... without him we would have been trading in quadruple digits by now. The amount of damage Mt Gox caused the reputation of Bitcoin, is simple enormous. A lot of people got burned in the most early stages of it's adoption phase... some of those people turned against Bitcoin and are spreading FUD all over the place. In almost every media coverage or content being created about Bitcoin... Mt Gox or Silkroad are mentioned at least once.  Lol, how ungrateful can you get? MtGox was *the only relevant exchange for years,* no one watched anything else. Mt.Gox price WAS bitcoin price, no ands ifs or bits. err... make that butts. Why does this toxic community *always* crucify its Saviors? |
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I suppose archival quality Blue Ray is an option - apparently Facebook uses it for data they think will need to be stored for long periods of time.
Archival blue ray discs are more expensive but are supposed to have vastly longer shelf life than regular ones
The only secure way is to store it on an encrypted RAID 0 array made up of 8 MFM HDs (NSA has back doors on the new IDE ones *DO NOT TRUST*). RAID-0 provides no fault tolerance or redundancy and is generally only used to increase throughput. Did you mean RAID-1? No no! Make sure it's RAID 0, because otherwise NSA can just steal one of your old MFM drives and replace it with another, and you'll never know! |
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Who is he The guy responsible for giving bitcoin its worth. Without him, we'd be trading in double digits now. |
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I suppose archival quality Blue Ray is an option - apparently Facebook uses it for data they think will need to be stored for long periods of time.
Archival blue ray discs are more expensive but are supposed to have vastly longer shelf life than regular ones
The only secure way is to store it on an encrypted RAID 0 array made up of 8 MFM HDs (NSA has back doors on the new IDE ones *DO NOT TRUST*). |
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Credit cards actually charge fees to the merchants, and the cost is passed to the customer. In theory, if you paid with Bitcoin, it should be cheaper by more than a few cents.
In reality, it never is. Scratch that, Amagi Metals offers a 3% discount on IRL checks and bitcoins. Sadly, Amagi Metals is known for fucking its customers, but if you paid via CC, redress is a phone call away. If you paid with bitcoin, SFYL  With Bitcoin, you aren't owing money to someone. You either have the money at the time of purchase or you don't. Sure that may be inconvenient, but so is having to pay credit card payments and if you are late, then also the huge amount of interest that will generate.
Correct, if you make a mistake, you are charged an exorbitant percentage, ~1% a month. Make a mistake with bitcoin? Lol, *all* your coin is gone, SFYL Another thing about Bitcoin is that you don't need to give away all of your personal info in order to get some. Unlike with credit cards, there is no application you have to do, and you don't need to wait for any application to be approved before getting Bitcoin to spend.
Unless, of course, you buy your BTC on an exchange @ spot, exchanges want your mom's maiden name and SS#. Of course, you could pay ~14% over spot at bitcoin ATM vending machines, or use localbitcoin and hook up with perfectly legit strangers in some dark alley Another is that if your card gets stolen, it is a pain in the ass to recover from fraud and it is also incredibly difficult to recover from identity theft that can also occur with stolen credit cards.
By "incredibly difficult," you mean "typically one phone call," correct? With Bitcoin, there is none of that hassle, just the risk that if your Bitcoin is stolen due to your own poor security, you probably aren't getting any of it back.
Didn't some C-level exec at BitPay get taken for a few million bucks? Wasn't that the CTO even? Dang, if bitscoin security professionals get had that easily, what of us simple folk? |
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OB is the best place to buy bitcoin art & jewelry made by stoners out of scraps of household wiring. Bar none.
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I don't think it's wise to hide where you did or announce it to world in here.
It's better if you put it in a safe deposit box in your bank.
Statist lies! Banks lie and rob people, birds don't. So where do you think he should have hide it? In his back yard, under his birdbath. And keep it there for 20 years for maximum delayed gratification. Which he already did. |
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Pernicious nonsense! USB sticks are the safest way to store our bitscoin treasure. They just need to be buried in a back yard, under the birdbath ...
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,
i dug the hole almost 3 feet under. Then i buried it back and placed the bird fountain back.
The bird fountain has been in the same spot for many years so i am not worried about forgetting where i buried it, and grass doesn't grow underneath it.
so there we have it, I buried a total of 5 bitcoins, i plan to keep it there for 20 years. The 5 bitcoins cost me about 2300USD
...
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I don't think it's wise to hide where you did or announce it to world in here.
It's better if you put it in a safe deposit box in your bank.
Statist lies! Banks lie and rob people, birds don't. |
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The $460 major psychological resistance is being tested again.
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Banks hate bitcoins for the same reason they hate Beanie Babies -- they can't print them out of thin air. Not like their worthless fiat scrip toilet paper.
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The question is why would they do it?
If Bitcoin becomes a threat or a nuisance? @becoin re. "my taxpayer money" -- they actually tax your dole? |
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No one hates Bitcoin. OP, people don't hate Bitcoin, they hate Bitcoiners. Just like people don't hate cartoon ponies, they hate bronnies. For roughly the same reasons: Both fandoms are neckbeard manchildren with no social skills, who never shut up about shit no one cares about. There are differences, of course: bronnies can form complete sentences & punctuate those correctly (making them harder to distinguish from normal people). They're also far less likely to get arrested/do srs time (either because they're not all fucking criminals or simply because they're smarter & don't get caught). I hope this clears things up for you, OP. And, now that you've been told, you'll never be able to ignore how similar the two fandoms are |
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Check Bitpremier. They're out there in a small number but you would have to be a visionary or a bit insane to stay in bitcoin after selling your place.
He claims that he did, so yeah, crazy. As for Bitprimer, I guess if I wanted to go through some shady intermediary to hold my bitcoins in escrow instead of dealing with the owner of the property directly, they'd be the first place I'd chose. Houses have property titles (think lawyers and notaries and stuff), the history of owners, past and present, is an open book to government shills with jackboots on the ground. That's why Joe Random can't walk into your living room and say GTFO my house, because scairt of jackboots. @DaRude: You've compared bitcoins to bank wire, when bitcoins are as useful as a truckload of BTCeanies in scenarios you've described  |
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Oh i wanna play. I think you should go on a crusade against wire transfers and how they should be replaced by credit cards. Next time you're buying a car/house etc... ask if they'll take your VISA. Or are you in US and still write those silly cheques?
I'm in the States. When I buy a car, I pay by check (we spell it c h e c k here, sans flowery que *lifts pinky* Britishisms), or use cash, like any normal human being. Zero wait/zero problems. But you, you actually wire money when buying a car? Anything else you do? Weird ceremonial dances with blood sacrifices? Just to complicate things a bit more? Though I'm not sure why we're discussing this, you can't buy a car or a house with bitcoins around here. I mean, maybe there is some hipster willing to sell one somewhere in US, it's a huge country, but normally? Lol, I'd have better luck trying to buy a car with BTCeanies Re. "How many 0's is that???": Fewer than the Bitcoin blunder. And remember, friend: Fiat has been around for centuries, with BILLIONS of people using it, and that's the worst you came up with. Bitcoin has been around for 7 years, and a good chunk of it has already been lost due to hilarious fuckups Cute how you totally left the house part and just concentrated on a car. You need guaranteed funds to buy a car or back up your silly checks (that take up to 5days to settle) with your credit history. Try going to your used car dealership, or a Ferrari dealership with your silly check book and driving out with a car without giving them your social security#, cash probably will still fly more likely under $10,000, anything after that might get IRS and other 3 letter agencies involved. For a house closing agents won't accept cash, and most won't even take guaranteed checks on the settlement date. Wire is THE only way. I stand by my Beanies comparison, the Beanies point is sound. The number of US realtors accepting BTC as a form of payment is roughly the same as for those accepting Beanies, which is to say zero. I know of exactly one house that was sold for BTC, was posted on this forum. Visionary OP doesn't post anymore, because BTC was ~$650 at the time. Yeah, he still had to pay taxes. Yeah, the legal bullshit of transferring property title was likely lengthier/more involved than with conventional means of payment. Yeah, OP jumped through a lot of hoops to wind up as the brokeass laughing stock he is today. Otherwise, seamless :8 @Fatman3001: Obsolete, olde timey English. An anachronism, much like legacy finance P.S. But if you think that people will start using your bit-tokens as money because they could save a few minutes the one or two times in their lives they buy a house, don't let me spoil your morphia dreams. |
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Oh i wanna play. I think you should go on a crusade against wire transfers and how they should be replaced by credit cards. Next time you're buying a car/house etc... ask if they'll take your VISA. Or are you in US and still write those silly cheques?
I'm in the States. When I buy a car, I pay by check (we spell it c h e c k here, sans flowery que *lifts pinky* Britishisms), or use cash, like any normal human being. Zero wait/zero problems. But you, you actually wire money when buying a car? Anything else you do? Weird ceremonial dances with blood sacrifices? Just to complicate things a bit more? Though I'm not sure why we're discussing this, you can't buy a car or a house with bitcoins around here. I mean, maybe there is some hipster willing to sell one somewhere in US, it's a huge country, but normally? Lol, I'd have better luck trying to buy a car with BTCeanies Re. "How many 0's is that???": Fewer than the Bitcoin blunder. And remember, friend: Fiat has been around for centuries, with BILLIONS of people using it, and that's the worst you came up with. Bitcoin has been around for 7 years, and a good chunk of it has already been lost due to hilarious fuckups |
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What does someone accidentally sending a $100,00 transaction fee have to do with anything? It's the same thing as someone accidentally typing an extra zero or two and buying up the entire wall in stocks/commodities.
Taking into account that math ain't your strong suit (you're more of a scurrier sort of a guy, best described by Wikipedos as, and I quote: "a competitor of humanity"), I'ma gonna give you a hand. Lemme give you a little helping hand... The difference between $.05 and $136,000.00, friend cockroach, is not "an extra zero or two." Or three. Or even four. If God, in all of His wisdom, erred as much as that hapless bitcoiner, you would weigh as much as an average African elephant, cockroach  Could you imagine?! Of course you couldn't, your brain is little more than angry ganglia, you rely on it so little that it's nearly pointless: you can stay alive for a month without it, shit you not. And that's weight, cockroach. Real life elephants are much denser (and less repulsive) than icky Blattodea, so you'd be one humongous motherfucking monstrosity, you crawly abomination! Now where was I? Failure to understand how to use a keyboard is not a Bitcoin issue.
Lol sure, user error. As i said before, Bitcoin's like a fleshlight that turns into a meat grinder if you don't program it just right. SFYL & ouch ouch ouch ouch! |
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< snip > -A few days ago, someone paid $136,000 to send $0.05. *Ahahahamazing* (SFYL)
I looked up "SFYL", but I couldn't figure out what it meant. Here, let me turn you on to a hardcore scientist research trick I picked up back at NASA:  If true, and not created by the government or big banks...
Sure it's true, here, brought to you by paradigm-shifting disruptive technology of THE blogchain: https://blockchain.info/tx/cc455ae816e6cdafdb58d54e35d4f46d860047458eacf1c7405dc634631c570d this surely is a big mistake, and the public nature of bitcoin allows us to see it...
Being able to see the discrepency is amazing in comparison to centralized systems. I believe the story is that the miner is looking for the person who lost the coins... and the funny thing is that the public is making a big deal out of it in part because they are having trouble identifying who is out $136k.
I guess we're impressed by different stuff. You prefer to look at your $135k blunder on the blogchain, while I prefer being able to get it back. Different strokes P.S. Please try to be brief and avoid excessive line spacing in your replies. ty. |
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