Never trust a solid state device (such as an SSD or thumb drive) with your only copy of some data. They can and will die, usually resulting in total loss of all data. I have had good luck with Corsair stuff.
Many people use USB sticks for backup... but they should never be used for primary storage unless you have another backup somwhere else.
I use USB as my portable wallet. I do have backups. |
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Once you own 51% of the network, you win.
wrong. nobody wins if bitcoins fails ! That's the point of only having one winner. +1 Hey G. Wasup? Eh, same shit different day.  Thanks again for the gift. It went straight to cold storage. Only after I sent 0.0005 btc to SatoshiDice and ended up loosing LOL |
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I recommend you try out the BitFloor cash deposits for funding your account and buying coins. I think you will find that they are very simple to make and will allow you to fund your account in the quickest manner possible. You can even make the requests from your mobile phone while on the way to the bank  Before I stumbled on Bitfloor I was using MTGox and Bitinstant. Before that I was using TradeHill and Dwolla. Bitfloor is an all in one shop! I have had VERY good fortune with Bitfloor. I don't really care about the fee...if I were to use bitfloor to buy btc, then where would the funding/money itself come from to buy them? This is the situation I've come across. I can buy bitcoin from many different sites, but paying for them is the hard part. The only reason I brought up Dwolla was because that seems to be the only place where you can add a funding source. With BitFloor you can just deposit cash at any Chase bank branch (more soon) and be credited your USD immediately; not sure of a faster way to be able to buy bitcoins. I just hope Chase doesn't stop you like they did MtGox and we all have to go through Bitinstant which is a rip off if you ask me. Bitinstant uses a service called TrustCash and TrustCash has a bank account at Chase! |
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Yeah, I was talking about using multisig to sign a checkbook type bill there, but the second private key would be kept elsewhere. On this one, both signatures would be on the same bill, but one would be hidden by a sticker.
If more than one person is in control or even has knowledge of a private key at the same time, the instrument is already corrupted. |
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I'm pretty sure this has already been discussed, but am wondering why it isn't done yet:
Here's a spin off the Casascius Coins and Bit Bills. Let's call the website "Rainy Day Savings." Joe creates a key pair and sends the public key to the website and orders a Rainy Day Bill. April at Rainy Day Savings prints a Bill and applies a tamper resistant hologram that conceals a private key. April then generates a 2 of 2 multisig address based on the public key sent to the website and the public key that goes to the hidden private key. That address is printed on the note. April then mails the note to Joe and advises him to carefully write or print the private key paired to the public key that was sent to the website. Joe then sends an amount to the multisig address and writes the value of the note on its face. Joe can then spend the note as physical Bitcoin and because it is multisig signed, nobody has both addresses to spend it until the tamper-proof sticker is removed and both private keys are imported to a wallet.
https://bitcointalk.org/index.php?topic=92969.0 |
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Untainted coins a probably worth a little more. Virgin coins fresh from mining are worth more.
In order to have a mint coin you need to have been a miner that solved the block. Would all 50 coins need to be sold in order for them to stay in tact to the next owner? I am guessing 50 coins is worth a lot more than 49.99999999 coins? |
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If people did get into this... it maybe be classified as the nerdiest past time ever.
I am the weirdo of the clan. I am talking in DIGITAL form. Would we be collecting the private keys associated with a single group of payments? Physical COINS don't count since they are still just a single transaction assigned to a brain wallet with a short private key code. |
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Once you own 51% of the network, you win.
wrong. nobody wins if bitcoins fails ! That's the point of only having one winner. +1 Hey G. Wasup? |
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Thoughts? If so how would one catalog a particular coin, or is it even possible to do so since a new coin or collection of satoshis are generated upon spent.
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Spirit of law > letter of law
Find out if selling W.O.W. gold or Linden Dollars is Money Tranmission and you'll have your answer for bitcoin.
All in all it is Laundering. Kinda funny how they call it that when gamers tend to not tend to real life chores very much  |
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Bitcoin is really just a bunch of binary things that we place value on. Same as comic books. We are just collecting a series of ones and zeros and just certain ones and zeros are valued differently based on deciding factors. We are really just collecting baseball cards |
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You guys do know the difference between illegal and unlawful, don't you?
Stealing is unlawful Laundering money is illegal. |
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I am going to be working on a lot of projects that will pay me in BTC. At what point is BTC income considered taxable? While it is still in the BTC form? If I trade for USD but don't withdraw from exchange? After I withdraw from exchange and now the USD is in my bank account? Does the $600 1099 still hold true for BTC and if so when does the exchange rate take place? Year end? At payment of BTC? At withdraw? My head is swimming  |
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I suggest holding a logo design contest on 99designs. It's good place to get some professional looking logos for a good price. Minimum award is $300. I think we should be able to collect that much. The advantage of using 99designs is that we can access a much bigger pool of (semi)professional designers than by just posting a bounty on this forum. We will also have several designs to pick from and we can do a community vote to decide the winner. Would be cool to have a 99designs type of site that runs off of bitcoin. Would anyone use it? Perhaps the people that are spectators could donate to runner up designs so that they get something too for their hard work? |
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I think the real ATM Bitcoin needs is the one every user already has, made by Hewlett-Packard / Epson / Canon / Brother / Lexmark / etc... the one where the user can Be Their Own Bank and print their own money. I would sort of agree, an ATM as we know it is pointless. USE CASES: If a user has X and needs Y, then he should ZIf a user has DIGITAL BITCOINS (e.g. on a smartphone) and he needs PAPER SCANNABLE bitcoins, and he is not somewhere where he can print some himself, he can get by with an app that shows a QR code on the screen. If a user has DIGITAL BITCOINS and he needs FIAT CASH, he can get by with a regular banking ATM card funded by Bitcoins. If a user has PAPER SCANNABLE bitcoins and he needs DIGITAL BITCOINS, he can scan or hand-type the private key somewhere. If a user has FIAT CASH and needs to buy BITCOINS, what he needs is a vending machine. I need to buy one of these and relabel it Casascius Coins.  That would be so cool! You would need to connect it to MtGox to determine the value. The only issue i see with this is how do you deal with the flux? |
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The stitching would require additional work and could not be AUTO DECRYPTED using built in QR software. So accidental spends would be somewhat avoided.
Think of it as a PIN to a debit card. Requires a little WORK to spend the money.
Unless I am completely off track.
Thoughts Mike?
I think this is a little bit like putting alarms on shoes to stop you from tying them together. But I could be totally wrong, it remains to be seen how it works out in practice. I guess it could be that I use a wallet and my cash is usually out of sight, but surely others don't and will have a different set of problems than me. I can say I would be impatient in the checkout line if the person ahead of me was having difficulty paying because he didn't cut or fold his bill just right. Mike, I think we all need to step back and go back to your original post. From what we have all put in with ideas do you think you could put together a list of Standard Operating Procedures? |
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Comments say he was drunk during the 2nd audition.
WELL DUH!
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Not to buy products from SanDisk.
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Funny thing is. It doesn't lock up at all in one of my computers but always locks up in another. Pisses me off!
This implies issues with the computer, not the flash drive. A bad flash drive will cause device drivers to have to handle unusual conditions/errors they don't normally encounter. The robustness of the driver determines how vulnerable the computer is to being crashed by misbehaving hardware. A crashing driver tends to destabilize a system quickly. Is there a way to fix this bad flash drive? It is brand new out of the box by only a couple of weeks. Or can you just not fix a bad flash drive since maybe some hardware burned out? If the drive is bad, it's because of a shitty flash memory chip, and no, there's no saving it. If it is brand new, though, you might be able to get a refund. Need to find the receipt, yada yada yada. Maybe I should just count my losses and lesson learned. If this is the way this SanDisk product lasted I wonder if their other products should be trusted. AKA their Memory Vault is to be trusted! http://www.sandisk.com/products/usb/memory-vault/ |
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Funny thing is. It doesn't lock up at all in one of my computers but always locks up in another. Pisses me off!
This implies issues with the computer, not the flash drive. A bad flash drive will cause device drivers to have to handle unusual conditions/errors they don't normally encounter. The robustness of the driver determines how vulnerable the computer is to being crashed by misbehaving hardware. A crashing driver tends to destabilize a system quickly. Is there a way to fix this bad flash drive? It is brand new out of the box by only a couple of weeks. Or can you just not fix a bad flash drive since maybe some hardware burned out? |
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