I think it would be interesting to see the 3-7 days before in terms of traffic as compared the 3-7 days after the shutdown. That might give some idea of the number of transactions. I suspect it wasn't a large percent of them, but who knows for sure. How big part of bitcoin transactions were SR related?
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And that Tor is not secure enough for this type of system. Who's to say that there won't be another SR? This should serve as a lesson. Centralized systems, even if clandestine, are easily brought down.
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*Cough* Poland *Cough*
You're overrating this incident. Nobody here in Poland believes in government pensions. Everybody treats pensions as a tax. It's not our money, it's government's money. We have no way to withdraw them, even in greatest emergency. Now Cyprus is a completely different story. That was outright theft of people's money from bank accounts. So please, stop invoking Poland alongside Cyprus. Cyprus incident was orders of magnitude more devastating. Why always defend the statist, authoritarians in Poland? Whether anyone believed it or not, the government said one thing and then changed it recently. Either they stole the money from the people of Poland now, or they've been doing it slowly for years. |
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Just do the time looking around and you'll be out of here in no time Hello,
Just a lonely bitcoiner over hear in search of the key to break the newbie jail... lol
Anyways, I'm relatively "new" to bitcoin mining. I started CPU mining back in ~2009, but didn't like the results I was getting so I uninstalled the miner (boy, I really wish I would have let it mine away now). Anyways, I recently got back into mining in April of this year. Had dual 7870's mining away and was making some pretty nice returns... then the ASICs hit and the difficulty blew up from ~10mil to now ~150mil and I decided to go another route. I turned my GPUs to mine FTC and then got 2 USB ASICMINERs to continue crunching away at BTC.
I'm hoping to get in on a group buy for some more hardware, but alas... I am stuck in newbie jail... sitting... waiting... hoping all of the pre-order slots don't get gobbled up before I am out of jail.
So, Hello World!
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Do some threading reading and the time will go by quickly. I'm trying to pass the requirements to be able to send a message.
And I'm told I must write some long sentences, so let's see - monkeys, bears, orangutans, and badgers.
But there's nothing more to see here in this thread. Mindless data.
Thank you, hope I have jumped through enough hoops.
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If you can afford to lose it, then yes. Many believe that bitcoin's future is something of a binary proposition: it will either succeed wildly or will completely fail with little in between. Likewise, many people believe in the "succeed wildly" scenario for many, many reasons, but that is no guarantee since no one really knows. You can view it as a lottery ticket that seems right now to have pretty good odds for paying off quite well over the long term. Im thinking of sinking 2.5k into buying BTC. I know you cant tell for sure but do you think its a good idea?
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 lol i have no idea what is going on.  Neither does bitcodo
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Much of this is due to authoritarians who wish to control everyone else imposing rules via threat of government force to put them in jail otherwise. The banks are the victims here too. Certainly there are individual bankers who are part of the authoritarian establishment or who are corrupt etc, but it is not a necessary prerequisite to banking that they have all these hoops you have to jump through. There would be a lot of banks who would allow anonymous, no-document banking if there were not laws against it. Prior to all the AML/KYC rules, banks were very good at protecting privacy, and keeping your business to themselves. Just look at the Swiss banks (and others of course) who were extremely good at it until the busy-body, power-hungry politicians wanted more control to tax people to death. For hundreds of years in fact. Now those banks face the choice of either huge fines and jail OR following what the politicians require. Ditto for customers when the governments require that you don't use cash or whatever. The people who should be blamed are the people who want to control others "for their own good." Well, frankly, I don't need anyone telling me what to do "for my own good" and most people don't need it either. But the busy-body control freaks what the power and the money from the taxes they can get from having that power. Crystal balls need a really good cup for rough sports, by the way. ;-) Edit: I agree "Financial fascism" - enforced at the point of a gun. No better than any one of a number of "isms" that require force to implement. Just read a post in "Newbies" where a Danish person was rejected by BitStamp for unacceptable documents to verify opening an account.
A friend of mine today told me he could not transfer funds from his Australian bank account to his Thai bank account without completing reams of paperwork, which will take weeks.
I have been waiting nearly six weeks to get funds transferred from Turkey to Thailand, both accounts in my name.
I could go on with a few more examples.
All this cr@p is due to money laundering laws, AML.
The sooner banks, US government and their allies crash and burn the better off we will be.
I wish I had crystal balls to see the future with BITCOIN ruling the world and everybody can live peacefully without the fear of bombs being dropped on you because you disagree with other dominant governments.
It is always the good people, the majority, that are penalised because of the bad minority.
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That is a great point. Places where women are not treated equally would greatly benefit if they could use bitcoin. |
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It is 2nd place now - not sure when it made it, but some time in the last week or so. ;-) Not a long way to go to 2nd place!! 6 votes again!  |
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Sounds like an interesting idea and a way to bring bitcoin to more people. Definitely not easy, but if you can pull it off, that would be great. I'm sure people in the tech and dev discussion would be interested once you are allowed to post outside of here. Hi there! As I'm a newbie, and have to make a substantial post, I could as well introduce myself I'm a traveling, coding, happily unemployed free spirit I'm especially interested in international transactions and micropayment for the unbanked 3rd world. My ideas evolve around M-Pesa, but based on Bitcoin/crypto-currency. Those days i'm spending 24/7 building a sms/email wallet. I know, I know, there is already http://coinapult.com/, https://coinbase.com/, and hosted wallets are not secure, I'm well aware  . But as most people on earth don't have internet or the knowledge (yet) to run their own wallet, something needs to be done for them too. My idea is it to make sms a utility for early adopters to teach others. ....You know, usually you start talking about Bitcoin, and people are interested, but if you don't create them a wallet, they will forget about it again. And then you force them to pull out their smartphone, and install an app, just to be able to send them some of your money, in hope the generous gift will make them love you and Bitcoin. But it's not easy, they forgot their App/Playstore password, there is no network, or they don't even have a smartphone  I guess a lot of us are feeling like that when preaching Bitcoin. At least I know that Roger Ver does feel so, because that's how I got blockchain.info onto my phone  Using an sms wallet you would go "send 0.00x phonenumber", and voila, you forced Bitcoin on them, if they want or not  So far I've basically hooked up a bitcoind with http://sms.envaya.org/. I want to have people run their own sms gateways in different countries, and earn money of it from the transaction fees. The more people they get to use their gateway, the more they can earn from it. (hopefully enough first of all to pay for the sms the gateway is sending) I'm adding 2-factor authentication though a voice-call pin system. Dreaming to integrate multi-sig transactions for escrow. Eventually I would to tap into the remittance market, but not on a for-profit top-down way, merely enabling it. I'm excited about your comments and opinions! (and got my pants on, I know this forum is rough!) |
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And as vm said, if you are solo CPU mining, you'll be lucky to ever find a block. GPU mining only a bit less so. HOWEVER, you can mine as part of a pool and earn some bit coin. If CPU mining, probably not much at all, if GPU, a little if you are consistent. Welcome, by the way. if i was you id brush up on how bitcoin mining works .... if your solo mining then you need to have set the bitcoin wallet up for solo mining and keep it running otherwise your wasting time as your not mining anything
blocks are produced when a solution to a problem is solved,,, its hard to explain but basically bitcoin is an encryption and all miners are working to add to the encryption this means that no one not even god could predict when the next block is found or who finds it
if your solo mining then the odds are unless your sat on 1TH worth of hashing power you wont see a block with the next few years.... alot about bitcoin goes back to when it was GPUs since then the network has gone up about 10x in size...
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And I would consequently guess based on their web site, no iOS or Android. One very significant issue with Mintchip is that the technology is dependent upon propriety drivers with no support for GNU / Linux and OSX. http://mintchipchallenge.challengepost.com/forum_topics/827. This does beg the question does this technology depend upon security by obscurity and DRM buried in propriety code? This Canadian simply prefers Bitcoin stored on GNU / Linux. |
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+1. I wouldn't bet on them lifting the controls, particularly since I've seen discussions stating they will need more bailout money, not less, and that would mean they are just lying through their teeth here in order to trap more money from those who trust them in Cyprus so that it can be plundered. It is disgusting what these authoritarian statists will do to maintain their own power and wealth. Anastasiades enabled all his friends and the Russian oligarchs to transfer all their money out of the country whilst shafting the ordinary citizens with big bank accounts. Cypriots should heavily distrust this cretin. But then the same is true for all Eurocrat politicians. |
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Canadian Mint ready to test its own digital money project ...
Put these two together and you can see why it will be destined to fail long term. It will become too rich a target to leave alone and will become the government's piggy-bank to hit whenever a 'crisis' hits. The Canadian Mint may get time from it ( if they even get it off the ground), like the did with fiat, and bank accounts, but when you have currency by decree, long term it will fail. :-) |
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Your statement that a country can devalue its way to prosperity makes absolutely no sense. Please feel free to cite an example where a country devalued its currency continually and prospered. Argentina is not going to devalue their way to prosperity, only misery. I don't think they will prove me wrong. If you were being purposefully obtuse and reading my statements about Argentina as referring to an individual (and given I was replying to a message about Argentina, not an individual that seems a big stretch), then yes, if an individual or small group of individuals control the printing press and prints themselves $50 billion and keeps it for themselves, then sure an individual can do so, but they will be killing their own currency unless they immediately trade it. One cannot devalue one's way to prosperity, only to misery. Actually, quite the opposite. The people who have control of the printing press, i.e. the people who control whether to devalue or not, most certainly can and do use devalue of everybody else to create prosperity for themselves. Your statement about prosperity makes no sense; it's as you think the decision makers' lives are in any way connected with the lives of their victims. |
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Exactly right. :-) It is the classic case of devaluing a currency to the extreme. One cannot devalue one's way to prosperity, only to misery. The smart people (which seems like almost everyone in Argentina) are trading paper that becomes worth less every day for hard assets. There is still a government crackdown on leaking any money out of the country.
what about physically carrying cash over the border. not smuggling or anything just staying within the legal limits. people who lived near the boarders could make a daily trip to carry what ever was within the legal amount physically in their wallets across the border. they could then buy bitcoins and bring the bitcoins back across. of course they would arbitrage for their effort. The problem is getting rid of pesos. People have pesos and pesos worth nothing outside Argentina. Look at the paradox: the Argentina Central Bank does not buy them at any price. |
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I'm saying people are spending as if there is no tomorrow and the economy is moving.
I think that is because they KNOW that there IS NO tomorrow for the peso unless the government gets its act together. And they know that is extremely unlikely. The spending will not last, it is just going to make things worse because no one wants the currency, only goods (for obvious reasons). :-) |
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