So I should stick to your plan?  Seems like a really good plan to me indeed. The only thing that makes me paranoid, and it could happen with bitcoin-qt or whatever I guess, is the scenario that at one point in time in the upcoming years, somebody will create the same address I have and get my bitcoins. I know there is a shitload of characters and letters in those keys, but there is also a shit load of addresses being generated, and if bitcoin becomes mainstream, that shitload will be multiplied by 100 and the risk of generating same addresses will increase as well? Maybe I'm completely wrong too I'm a noob regarding bitcoin technicals. what jojo said  |
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also dont give up! i tried to buy at <$1 and gave up because it was too hard. such a mistake, i should have sold my kidney if necessary.
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Ok thanks will do to verify my ubuntu CD.
Damn your making me unsure of the way I was going to proceed lol. Then what would be the way to make a paper wallet with bitcoin-qt for savings that would be risk-free vs malware and keyloggers, that I would create offline? And that I would just hide in different places? If it's too long to explain just maybe give me a couple links about the subject?
Thank you
just check the hash of your disk before you use it and then follow the steps in the bulleted list in post #2. it doesn't get much safer than that. |
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This might not be much of an argument, but one of the things I like about Bitcoin is that it was created by Satoshi. Satoshi seems to have had some scary insight, such as using an encryption algorithm that was obscure and NOT compromised by the NSA. There was a reason Satoshi chose SHA and 10 minute confirmations. It may seem arbitrary now, but if anything bad happens to Scrypt and 2.5 minute confirmation with Litecoin, once again Satoshi will be heralded as a luminary.
sha was created by the NSA |
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litecoin is a marginally better crypto. with that being said the difference is not enough to justify adoption IMO. everyone should just stick with bitcoin until someone invents an innovative crypto rather than one that has only done a little tweaking.
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Some of you may know me from bitmit as MarketAnarchist, I sold silver there for a long time with an impeccable record, highly competitive prices, and many satisfied customers. Unfortunately bitmit is now deceased so I am advertising my services here instead. As far as I am aware, with a few exception, my prices beat all major retailers. I have most of the most common media in stock. Just pm and we can work out the details. And of course I am more than happy to use any reputable escrow provider that you may select from these forums. Pricing: (examples uses silver at 20 dollars and bitcoin at 1000)- Good+ condition government mint 999 : Weight*SilverSpot*1.18/BitStampUSD : 0.0238BTC/troyOz (Beats competitors)
- Random condition government mint 999 : Weight*SilverSpot*1.17/BitStampUSD : 0.0232BTC/troyOz (Beats competitors)
- Premium brand bars (i.e. engelhard/scottsdale) : Weight*SilverSpot*1.18/BitStampUSD : 0.0236BTC/troyOz (Not even offered by competitors)
- Generic bars and rounds (silvertown/ntr) : Weight*SilverSpot*1.07/BitStampUSD : 0.0226BTC/troyOz (Can't beat competitors here)
- 90% US Silver Coinage : FaceValue*SilverSpot*0.79/BitStampUSD : 0.015BTC/1$face (My best value IMO)
SilverSpot can be found here ( http://www.kitco.com/charts/livesilver.html) and BitStampUSD here ( https://www.bitstamp.net/)     |
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Interesting how few users here understand the Guardian's international coverage - huge impact feature
I don't see anyone making light of this news. Everyone who mentioned something about the scale of this news said it was very big news indeed. How did you manage to come to this conclusion? The Graun publishes specific editions for the UK, US and Aus with high, if varying levels of traffic ...I've lived in all three countries and the most parochial with regard to press outlets is the US, which proportionately is born out by the levels of traffic for the US edition - the biggest proportion of users here are from the US. So, it may be a lazy assumption but I imagine most users here are not aware of just what a big deal a leading story on their sites is. I apologise if my comment causes you any offence. no offense caused. i was just curious. |
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Sure I'll redirect every on anyway just need to gather the interest in it first
im super excited about paying you that bounty ahmed_bodi! you are going to have a lot of bytecoin if this goes through smoothly. An alternative chain for micropayments with bitcoin level security and without needles and confusing alterations is legitimate utility IMO and judging by the way altcoins have been taking off, a merged mined bitcoin clone will probably capture quite a bit of that market share. Good things in store! |
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bitcoin is such an abstract cocnept, no one knows what the right price is for it.
That's not true. PQ=MV. That defines the fundamental value of bitcoin. When price exceeds the present value of the future valuation, sell. When it is inferior to the discounted future value, buy. The only thing difficult to estimate is PQ. But we can but certain floors under it. PQ must include at least 500 bn USD2013 from Western Union and Moneygram international remittances alone. It must also include at least half of the UN-estimated 2tn USD2012 global black market. It is likely to also include a substantial portion of the hadwalla network traffic and at least 30% of the GDP of the 4 minor central asian republics (where remittances are about half of GDP). I think it is safe to say that unless there is some unforseen disaster a minimum value of BTC is 20 years is 15000 USD2013. Apply your preferred discounting curve to that, and you probably won't go too high. M= money supply, V= the velocity of money, P=prices, Q=quantity how does this account for time? can you show me an example of you using this with actual data to make a prediction? |
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Now @Anon, I have to ask. Are you talking about contrarian indications, or uncontrarion (is that even a word.) Because you brought up a really interesting point.
By that I mean, remember when everyone was talking about bitcoin being dead from the Silkroad shutdown, etc, etc, then boom. $900. That's a classic contrarian investment.
Most believe that markets are driven by psychology, not economics. When I used to trade news reports on the futures market, you would think good news means up, and bad news means down. When I first started trading, that's what I though. But nope.
: )
cj
No im not talking about contrarian stuff. I try to remember to know my limitations and i try not to trade on technicals, what i know are fundamentals. Some people know how to trade technicals and my hat goes off to those people, but most of us are not those people, and OP is probably not one of those people either. Assuming im right in that assumption he should be focusing on the fundamentals, and with bitcoin that all boils down to adoption and awareness. Thats why my advise is essentially to find ways to get a finger on the pulse of the adoption/awareness rate of bitcoin. Other than just generally keeping your ear to the ground, google trends offers a pretty good tool for that. Compare bitcoin to angry birds, compare it to south park, compare it to furbies, compare it to anything you can think of because every data point will give you a frame of reference to understand the macro trend of bitcoin awareness, and THAT is how you will figure out when it is time to use your bitcoins to buy things. of course this is just my opinion take it lightly. |
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Surprising, I have been pretty bearish. Although my goal isn't really to get under people's skin.
Man i wouldn't admit that. Its hard to be more wrong about anything than being a bitcoin bear so far. |
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Interesting how few users here understand the Guardian's international coverage - huge impact feature
I don't see anyone making light of this news. Everyone who mentioned something about the scale of this news said it was very big news indeed. How did you manage to come to this conclusion? |
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bitcoin is such an abstract cocnept, no one knows what the right price is for it. i would recommend looking for any and all indicators OTHER than price to figure out when to sell. I.E. walmart.com accepts bitcoin, on multiple occasions you overhear people you have never talked to about bitcoin talking about how they bought some bitcoin, people start asking you to explain bitcoin to them, ect... you know ANYTHING other than price.
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$1000 could be an interesting price point psychologically. Could be a stampede of people looking for the exit.
revans, I can tell by the yellow of your ignore that a lot of people aren't appreciating your brand of insight lol. How yellow am I? no yellow |
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i really believe the proof of stake is the future but i question ppc's implementation of it.
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2 hours after I read about bitcoin, I was transferring 1 month salary to MtGox.
That was a few days after the April crash.
I'm not sure if you are an idiot or a genius. |
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why does your link start with ftp:?
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Should be another libertarian. I pick David Friedman... Because he'd also school him on economics.
david knows a lot about economics, less so I'm afraid about bitcoin. he endorses the idea but hes the first to admit that he does not understand the maths. |
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