I reported TKeenan´s post, who implied I am a "moron" and an "idiot" to the moderators. I will also not answer the rest of his post, although I want to, because I refuse to talk to someone so impolite. I'm glad you found parts of the post useful - you moron idiot. (This time I didn't 'imply' but stated explicitly so you could understand even better) Don't really get the point of insulting people who are seeking more information about Bitcoin. To me, that is moronic. What?!!! Are you kidding me? How DARE you call me a moron!!! I demand retraction. I'll report you to the moderator if I can't have my written apology before the next block! |
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Excuse me, I´m new to bitcoin. I have tried to read many explanations for beginners for the last days, but there are some basic things that I still can´t understand, although I consider them essential to know before I buy my first BTC.
I read all the time about storing BTC in wallets (software, hardware and paper wallets) and I can´t understand what is meant by that. First of all, how can a virtual "thing" be stored? I can see how physical coins, gold, etc. could be stored in a box or safe, but how can a virtual coin be stored in a software, hardware, and even... a piece of paper? I still can´t grasp the logic of it. For example, if it´s just a computer file, then why can´t it be copy-pasted and turned into many files?
The reason for my question is specifically that I´ve read about many cases of stolen bitcoins, and I want to understand what makes it possible or impossible for a bitcoin to be stolen? How Can I buy a BTC and transfer it directly to a piece of paper (supposing I understand how that´s done) with zero chance of it being stolen?
Thank you very much for the help.
Sorry, the Bitcoin system isn't a good place for morons to store their wealth quite yet. Wait about 5 more years and it will be far better for use by idiots. Presently, it requires some understanding of concepts which are somewhat abstract and complex. Probably the first thing you should know is there aren't any bitcoins and as such you can't store them anywhere. They are merely an abstraction. What is really funny is, there aren't really any bitcoin even in the abstraction! There is merely a long list (ledger) of entries which basically say: "Fred mined 2 bitcoins and sold them to Sally who gave 2 bitcoins to Jim, then jim gave 1 to mike, .5 to sam and .5 to himself". The ledger doesn't really note anything like the serial number of some 'bitcoin' - rather it just marks in an indelible manner the ownership as they (bitcoins) moved from one owner to another. So you can't just 'copy' a bitcoin with cut and paste. Get it? |
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Yeah I call BS! The media making shit up again to drive prices into the ground so that banking interests can get their hands on an ever increasing stash of bitcoins. People are so dumb, it is shocking. If this were true, then you too would be able to "get your hands" on cheap bitcoins. You don't even have power over the media like presumably the banks do in your accusation. Yet, when those banks force the media to make bad press driving the price of bitcoin low, nothing prevents you from taking advantage and grabbing some too. You have a tremendous ability to profit from this. So stop complaining and go buy some bitcoin. Banks today could give a shit about bitcoin. It is far too early for any of them to start to buy bitcoin. Only Silbert and Winkelvii could be considered 'banks' trying to amass bitcoin and they aren't doing what you allege by manipulating the press to effect prices. How do all these conspiracy theorist assholes end up being bitcoin advocates? One thing for sure about the bitcoin community - it is fucking full of weirdos. Bitcoin is cool, but it sure attracts the circus freaks. |
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Hi,
this is a very inportant question for me. Is the name VisumTerra good or not ?
This is a very dumb name |
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I am not a lawyer, but... We need to hear from Marco on this one. Marco? Can you please comment? This is crazy BS if true. OK - if the guy was actually doing a heavy money laundering scheme - throw him away for a few years. But if this is a simple crackdown on a bitcoin exchange for no other reason than failure to get money transmitter license then "Holy shit!". I have to believe his deals were with some bad actors and he knew it. Something like that. |
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Basically nil difference, you'll just get the same rewards this difficulty as the last. Hooray?
-.7 % is awesome compared to +10% we've been seeing almost every week for months. I am happy to make as much as last two weeks - especially if that goes on forever. I am just glad the biweekly reduction of my system has been avoided this cycle! Fucking Hooray!!! |
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Holy shit - I didn't think we'd see that, the difficulty has been REDUCED!!! Mining fun is returning!
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Hello,
Until recently I had only vaguely heard of Bitcoin but during the course of starting up a new business we came across a web developer who requested to be paid in Bitcoin, thus marking my nose first dive into all things Bitcoin. I'm still incredibly new with all of it and at first it was more than a little overwhelming but I'm learning more and more and plan to continue doing so.
On to my first point, I was wondering if anyone had a strategy for buying Bitcoin... it seems to be a bit volatile to me so come on guys, what's the secret? Money is a little tight and I'm finding the fluctuations either cause quite a thrill or a sinking depression. Any advice?
Lastly, we're considering accepting Bitcoin in our new business. It's a largely online venture and it seems to be a good option for Bitcoin but I'm not sure if my excitement is getting the better of me, are there any intricacies or major complications for businesses and Bitcoin? Especially come tax time or maybe something else altogether I'm not thinking of?
Thanks for taking the time,
Grant
" No sooner you're up, you're down again" - Mick Jagger Who cares about 'volatility'? If you lose 10% today, you'll gain 10% tomorrow. Do you think Warran Buffet cries about losing $300 million some days? No!, the very next day he makes $300 million again. Don't watch the ticker. In the long run, if bitcoin doesn't fail, you'll have more gains than losses. That is all you need to know. As for taxes, bitcoin is identical to dollars. Tax is on income, capital gains, et cetera. Tax is not on 'dollar', 'bitcoin', 'euro'. Whatever income you have - it is taxed. Even if this income is denominated in dollars, bitcoin, rice cakes, or whatever. You've got to pay your income tax on all income - no matter the denomination. The denomination (e.g. bitcoin) doesn't relieve you from paying tax on income. Pay your income tax, and hope you get to pay more next year. |
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To the hacker:
I do have your login IP address and .edu email domain from a European country with Google.
I will be investigating this to the fullest extent allowable by law. Please contact me if you don't want this.
Wow! that should scare him into submission. You don't deal much with Russians - do you? If the hacker is Russian, the chances to get 0.000001 btc back are 0%. But if he is located somewhere in Europe - there is a slight tiny chance. If the hacker is Russian, your mom will lose her bitcoins next. |
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To the hacker:
I do have your login IP address and .edu email domain from a European country with Google.
I will be investigating this to the fullest extent allowable by law. Please contact me if you don't want this.
Wow! that should scare him into submission. You don't deal much with Russians - do you? |
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Or this one...  |
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Maybe try something with this one...  |
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 Excellent! Who can come up with others? We should make a Bitcoin bounty to pay for a parody competition. Can anyone organize that? |
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Here's the story behind this. I posted the picture on my large bitcoin facebook page. www.facebook.com/BITCOlNTwo days after posting, I received an email from facebook saying that Western Union Holdings, Inc filed a DMCA claim against me, citing their ownership of the Western Union *trademark* (strangely, not their copyright on the ad), and that Facebook decided to remove the content. I went ahead and filed a counter-claim, where I had to swear that I believe Facebook wrongfully granted their takedown request. Now, Western Union has 10 days to either file a federal court order, or Facebook will reinstate the image. I see it as a win/win situation. If western Union actually sues me for posting the image, it will come back to bite them 1000x over in negative PR alone. Plus, I'm not the original content creator, and the image should be legally protected as "comparative advertising". Forget about 'comparative advertising' - you are also fully protected by 'fair use' parody. Further, your Facebook 'use' is not a commercial use; and still further, there is no 'likely to confuse (as to source of goods)' - an essential element of trademark infringement. There could be some argument from WU that 'dilution' is causing damage as your use is disparaging to their mark. However, 'fair use' takes care of that again. Dude - don't worry about those fuckers at WU. Their lawyers are pussies and they just want to stick it to their client with tons of fees 'to defend their brand'. Their lawyers know this goes no where. They just love more billable hours. Let WU spend the money - it's fun! The more WU spends on dumb ass stuff like this, the less profit they book at the end of the year. Therefore, you are duty bound as a Bitcoin enthusiast to cause WU to further waste their money. Take every action imaginable to keep WU's lawyers busy. However, this trademark issue is the least of WU's worry. Bitcoin is going to take over remittance 100% in about 3 years. WU is either going to be based on bitcoin, or they are going to be eliminated. |
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Didn't Russia ban Bitcoin some time ago? They also banned homosexuality. That didn't work either. |
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if the hacker is here... please contact me... and sleep with a clean conscience, and no fear of being caught
Wow! You are a real optimist man. At least you'll be able to dream up some 'bright side' to think about from this point. |
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I feel bad for the Russian people, Are you crazy? Their deep suffering was well earned. When you allow yourself to be governed by thieves and bandits, you will pay later. It is the duty of all persons to hold elected officials accountable. If you accept their bullshit, the bullshit will fall on you eventually. Russians now have to pay. Millions of people shivering in the cold eating beets. This is what they deserve. |
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Only 3 good things ever came out of France:
1) French Dressing
2) French Fries
3) Slush's Pool(that's where his servers are)
Damn thing is, EVEN French Fries weren't invented in France - it was Belgium. French can't stand it when something is invented somewhere else. They always have a story how ' it was really invented in France' I heard it a million times while in France. But I must admit, French fries are pretty fucking good. |
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Mt Gox targeted by a hacker for "years" and somehow they never noticed until 97% of their reserves were stolen. Sure! In late February, MtGox disappeared from the internet. The website was wiped clean and Twitter accounts were closed as one of the most trustworthy of Bitcoin’s many exchanges crumbled. A leaked memo reveals some of the story: in what seems to be an unparalleled, multi-year hack, the exchange had been made insolvent and its reserves had been pillaged.
$450M OF BITCOINS ‘LOST’ BY MTGOX
Nearly 850,000 bitcoins – 750,000 belonging to users and 100,000 to the exchange – vanished; spirited away and protected by the pseudo-anonymity that Bitcoin offers. It is pseudo-anonymity, as opposed to complete invisibility, because Bitcoin’s global ledger is completely transparent, allowing anyone to see transactions that have taken place between Bitcoin wallets, but diving through the myriad of data is a forensic activity in itself. other bitcoin exchanges begin to get hacked in late feb. notice the timing, the hacker waited to attack the other ones because he knew they would notice very quickly and barely be able to get any money. so he waited to hack them until he had already drained Mt Gox. also notice that all of the other exchanges noticed the attack extremely quickly but for some odd reason. Mt Gox never noticed it for multiple years until 97% of their bitcoins were stolen. http://www.theverge.com/2014/2/15/5414610/bitstamp-restores-service-after-targeted-attack%20now here is the description of the hacker's technique: Then, for much of February, customers were unable to complete withdrawals because of so-called ‘transaction malleability’ – a bug in the software that can be exploited to mask transactions to make it seem that they did not actually occur. It is this bug that many believe has drained MtGox dry and left it unable to complete legitimate withdrawals. The second incarnation of the Silk Road has run into some trouble, with the administrator known as Defcon claiming today the site has fallen victim to a hack, and that all the associated accounts have been emptied. Judging by the blockchain records, attackers made off with roughly $2.7 million in bitcoin, the site's complete holdings. According to Defcon, the hack exploited the same "transaction malleability" bug that caused temporary shutdowns at Mt Gox and BitStamp earlier this week. He claims a vendor exploited the bug during a vulnerable moment in the site's relaunch process, initiating and hiding a flood of transactions until the accounts were emptied. seems to me that Yantis' technique for hacking currency in video games is eerily similar to the technique used by the bitcoin hacker. Yantis and Brock are or were partners. connections with mt gox, connections with autumn radke.... maybe autumn had evidence of who the hacker was. You are not the first to notice Yantis is probably involved. |
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