Can you post an example?
It is not a puzzle. It is also not that hard to explain. Mining involves hashing the current block plus a changing nonce as fast as you can. First one to find the hash that meets the current difficulty wins. Not a puzzle, more of a race. |
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That is a LOT of clones from one web site. |
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I have grown to trust BitMIXER over the years so when he said he was not going to sell the business I pretty much trust that. So, this is a clone.
Being a clone with a very similar name does not, in itself, mean it is a scam.
My question is this: assume they do not scam anyone and the mixing always works and everyone does trust the actual mixing service then how can we ever be convinced this is not a honeypot? How would they go about proving they are not? Serious question. I have no answer.
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1) Get more bankers to say "Bitcoin is a scam/fraud/etc."
2) Get more large countries to ban/suspend trading. India for example...
Price drops more.
Easy.
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This should not be possible.  Your statement is illogical nonsense. It is easy to calculate that everything being done by the LBC is mathematically possible, they are doing it, and, in fact, you can see with your own eyes that it is really happening. Wishing something to be not possible when it is obviously possible is pathologically pointless. All that the LBC and the puzzle transaction are showing/proving is that you should use full entropy private keys. If you do that then your Bitcoins are totally safe. I think bitcoin needs a security update
Agreed, but not for the reasons you think. In certain cases there was a small hole in the fact that the Bitcoin address is only 160 bits instead of the full 256 bits but we now have an upgrade to fix that: Increased security for multisig via pay-to-script-hash (P2SH)
Multisig payments currently use P2SH which is secured by the 160-bit HASH160 algorithm (RIPEMD of SHA256). However, if one of the signers wishes to steal all the funds, they can find a collision between a valid address as part of a multisig script and a script that simply pays them all the funds with only 80-bits (280) worth of work, which is already within the realm of possibility for an extremely well-resourced attacker. (For comparison, at a sustained 1 exahash/second, the Bitcoin mining network does 80-bits worth of work every two weeks)
Segwit resolves this by using HASH160 only for payments direct to a single public key (where this sort of attack is useless), while using 256-bit SHA256 hashes for payments to a script hash. From: https://bitcoincore.org/en/2016/01/26/segwit-benefits/ |
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Just got this, wonder what is going on: Email not displaying correctly? View it in your browser. Hello from Bitbills Greetings! You're receiving this email because you either purchased Bitbills or signed up on Bitbills.com for email updates. It seems like just yesterday that bitcoins were trading at $6 each (and were mainly traded in IRC!). A lot has changed since then, and we're happy to have played a part in the success of those who have watched the value of their bitcoin and Bitbills investments appreciate. As a friendly reminder, if you purchased Bitbills, you can redeem them for their face value at any time. To do this, cut open the card (carefully) and remove the embedded sheet with the private key printed on it. If you want to continue to hold the Bitbills, that's ok too! For any questions about the redemption process, get in touch at support@bitbills.com. We are also exploring offering a mail-in redemption service. If this is something you might be interested in, fill out the form below: https://goo.gl/forms/kNcch340mbCIMcDk2Thanks, Doug and Ben Copyright © 2017 Bitbills, All rights reserved. unsubscribe from this list update subscription preferences Email Marketing Powered by MailChimp |
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Maybe this is a bit phylosophical topic, but the other day I was wondering at which Bitcoin amount it doesn't matter anymore if you're getting more Bitcoin, since you can't exchange it to fiat.
Example:
At the current price of app. 4500 $ per BTC you can exchange to fiat:
100 BTC = 450.000 $ / no problem
1.000 BTC = 4.500.000 $ / a bit of problem
10.000 BTC = 45.000.000 $ / a problem
100.000 BTC = 450.000.000 $ / a big problem
...
See where I'm going? And that's at the current price. I could get even more interesting when the price will be 10.000 $ per Bitcoin or even more.
How do you exchange 45M$? or 450M? So does it make any difference if you hodl 10.000 BTC or 100.000 BTC, since you can't exchange it to fiat anyway without raising suspicion, even if you're very well connected?
What would be the breaking or maybe maximum point of Bitcoin still exhangeable to fiat?
What's your take on that?
The few that have those problems, the whales, are not cashing out, I think they are waiting for the day they can buy stuff with bitcoin directly, if I remember correctly some markets of luxury good for bitcoin have been created so you could use your bitcoin to buy those and then sell them if you want fiat. Whales mostly never do saving like middle class people. They will choose the right option to invest the money in the proper channel for their money to work for them. Therefore, bitcoin is best channel for them. Most of the whales started invest and create a own gambling site to get all bitcoiners money easily without big efforts. In gambling always gambling site is winner since they have a daily winner or anything. But while they are earning more bitcoin and that is always good, they are making the issue of cashing out even larger, by having and operating a bitcoin casino you are only getting more bitcoin not fiat, so it will be very difficult to turn all your coins to fiat immediately so you need to think of another way to do that if you were a whale. True maybe it would be much more easier to cash out small portions of money, rather than to cash out a big ammounts. Also tax comission can enter your house if you will start getting huge ammounts of money on your bank account  You can cash out as much as you want. All you have to to is pay the tax on the gain then the tax commission is happy and will not bother you. Simple. You can cash out millions of dollars worth of Bitcoins in a few days without affecting the market. Pay the tax. The gains are yours. |
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THANKS!
Now the whining about not getting their GBB [because they did not link a Bitcoin address to their ByteBall address] can officially start.
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The vulnerability found in IOTA was in their home grown HASH function. Bitcoin uses standard HASH functions such as AES. Secp256k1 is the elliptic curve used by Bitcoin not the hash function so your reference to it is incorrect in this context. IOTA was stupid/naive enough to think they could invent their own hash function, a totally noob security mistake. How many other major security mistakes have they made? |
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"countries governments regulating the control of bitcoin or outright banning it"
"exchanges folding and taking people's BTC along with them"
You would have to be new around here to think these are news.
When the government seizes Bitcoins (like they did mine) they auction them off for dollars just like they did mine. They do not keep them. They may keep a small number needed to do undercover sell operations so they can arrest more people, steal their Bitcoins and then auction them off to fund more undercover operations to steal more Bitcoins. The three letter agencies only care about funding their operations through the seizure of assets - not screwing with the value of Bitcoin. What they are most interested in seizing is cash. They will seize Bitcoins because they are easy to auction off for cash.
Whales manipulating the market has also been with us from the beginning. Nothing new.
My take on why the dark market collapse did not affecting the Bitcoin price is simple: the dark market is only a small part of the overall Bitcoin economy and value.
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The coin price is dramatically low now.
= buying opportunity. |
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Maybe this is a bit phylosophical topic, but the other day I was wondering at which Bitcoin amount it doesn't matter anymore if you're getting more Bitcoin, since you can't exchange it to fiat.
Example:
At the current price of app. 4500 $ per BTC you can exchange to fiat:
100 BTC = 450.000 $ / no problem
1.000 BTC = 4.500.000 $ / a bit of problem
10.000 BTC = 45.000.000 $ / a problem
100.000 BTC = 450.000.000 $ / a big problem
...
See where I'm going? And that's at the current price. I could get even more interesting when the price will be 10.000 $ per Bitcoin or even more.
How do you exchange 45M$? or 450M? So does it make any difference if you hodl 10.000 BTC or 100.000 BTC, since you can't exchange it to fiat anyway without raising suspicion, even if you're very well connected?
What would be the breaking or maybe maximum point of Bitcoin still exhangeable to fiat?
What's your take on that?
I, for one, look forward to having this "problem" some day. "Woe is me. I am having trouble converting my billions of dollars worth of Bitcoin to goods and services. If only I had sold all my Bitcoins at $100 each then I would not be faced with such a difficult problem." |
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After the deep investigation I confirm that MONERO is the best privacy currency. So I strongly recommend MONERO for all people who need extra privacy.
After a much deeper investigation I believe that BLACKBYTES is the best privacy currency. So I strongly recommend BLACKBYTES for all people who desire true privacy. Benefit of Monero is that this by default is a privacy centric asset, which can't really be said about Byteball, and in the background, BlackBytes. If people want to remain 'fully' anonymous with BlackBytes in terms of trading, or just to unload these coins, everything needs to be done through decentralized exchanges, which isn't an issue for Monero. I like the convenience that Monero is offering in comparison to BlackBytes ~ no extra steps are needed to obtain the privacy people are looking for. Out of interest, what makes you think it's the best privacy tool? You said it yourself "with BlackBytes ... everything needs to be done through decentralized exchanges". The design basically requires decentralized exchanges and makes a centralized exchange very hard or impossible to do. With blackbytes there is no public ledger so there is no public record of any transactions. My statement was not about convenience. It was about privacy. If you want convenience then you use Bitcoin. If you want privacy use blackbytes. If you want less convenience than Bitcoin and less privacy than blackbytes use Monero. |
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After the deep investigation I confirm that MONERO is the best privacy currency. So I strongly recommend MONERO for all people who need extra privacy.
After a much deeper investigation I believe that BLACKBYTES is the best privacy currency. So I strongly recommend BLACKBYTES for all people who desire true privacy. |
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Is it 100% safe or not?
Looking very good but i wanna know details.
And what is the benefits of being a member of it?
Thank you dear
Piece of shit signature spamming asshole. |
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I seem to recall leaving about 100 BTC there. At the time it was only about $200 so I just forgot about it.
Now I am going to take legal action to get my BTC. I have absolute proof that I mined 100 BTC way back then. I have hired an attorney, really, I have. He says as long as I have money to pay him $500 an hour I have a case and he will spend my money trying to figure out how and who to sue. He is a great guy, had to pay him $25,000 up front but it will be well worth it.
Not.
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Each PBC coin had a different set of instructions for what you needed to do
That is insane. So, anyone who bought the coins on the secondary market better have known to get the unique instructions to cache in that specific coin? If you do not have those unique instructions for that coin then you have to go back to the person you bought it from and try to get them. Hopefully most of the people with these "puzzle" coins have the instructions with the coin. |
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680 pages. 600 pages or more of people bitching about the time it takes to get a free handout, the amount of the free handout, the rules for the FREE handout. Now I have a question for all of those that post something along the lines of 2.5 seconds after the time I think the snapshot may have happened I moved my coins. Will I still get the handout that I really think I totally deserve for doing nothing? Why the hell do you guys have to move your coins around so much? WTF? You cannot just wait a few hours or even a whole frickin day or two to move your coins? What on Earth is so damn important that you have to move them as soon as possible? I have my Bitcoins and my GBYTEs in the same address as when I started getting drops many moons ago. No need to move them. Ever. Just to not understand this need to play with your coins so much. |
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don't forget to encrypt your wallet before storing it somewhere and don't lose your password.
and yes, I think there is no limit for generating new addresses. but if I remember correctly, you should make new backups from your wallet after generating addresses.
Yes, either: a) password protect your wallet, REMEMBER the password, then copy the wallet.dat file to a safe secure location. b) if you do not password encrypt the wallet (because you think you might forget the password) then copy the wallet.dat file to a save and VERY secure location where it cannot be accessed by anyone. Anyone getting this unprotected wallet.dat just needs to load it and steal your Bitcoins. No realistic limit on addresses. Yes, once you generate addresses then you need to back up in order to back up all your newly generated private keys. |
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