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You can't show us a little of what your link is? I don't click on random pdf files.
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Following this same logic, I have replaced the locks on my house with strips of duct tape.
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The developers are not going to sell out bitcoin for a Nobel prize.
It would obviously create a fork that no one would follow and leave the devs in poverty (devs are paid in BTC). I think we are forgetting that these ideas about taking over or destroying bitcoin have been discussed for years. So far no one has shown me an idea with any chance at all of working.
No one owns bitcoin, no one has control of the network, and there is no one to corrupt.
It's interesting to note that if a central bank wanted to be able to adjust the bitcoin money supply in an attempt to smooth the economic cycles, they would already be able to do this. They would first need to procure a large sum of bitcoins and hold them as reserves. Then, when they feel the economy is depressed, they would lend out these reserves at low interest rates to expand the money supply. When they feel the economy has recovered, they would raise the interest rates on these reserves to reduce the money supply. The difference between this mechanism, and the current central banking system, is that the one I just described enforces discipline. It is also interesting to note that the central banking system would get one final kick at the "fiat can" even if we moved to a bitcoin monetary system. Historically, a central bank holds government bonds on the "assets" side of its balance sheet, and an equal amount of fiat on the "liabilities" side. One method the Fed uses to increase the money supply is to purchase treasury bonds with newly-created fiat. The Fed could use this same process of money creation (with an act of Congress), but instead of purchasing treasury bonds, they could procure bitcoins. The asset side of their balance sheet would start to fill up with real bitcoins while the liability side would fill up with dollars. This would drive up the USD/BTC exchange rate and result in the Fed owning a huge sum of bitcoins for essentially zero cost. But in actuality, the cost would be huge: they would be "selling out" the legitimacy of their fiat system. We would be witnessing the final act of fiat. That is interesting. I would not call that a takeover, (nor did you) in that scenario they are simply participating. Personally I don't mind if banks want to play with us. But they get no advantage other than they have money to leverage. |
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That's easy! If your wrong we watch the next extinction event unfold! Slowly at first, then an all out collapse of the food chain. Humans will go quite early in this process and if it's like earlier events, most life on Earth will perish. It is likely that some microbes and maybe even an animal or two will survive, and over millions of years the Earth might become a living planet once again. That's the good news.  |
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أنا لا أعتقد أنني يمكن أن تذهب. ومع ذلك، أنا الغريب. هل هناك أي مستخدمي bitcoin في الخليج الذين يرغبون في تلبية المسافرين؟ |
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Even if it benefits Bitcoin im scared. Also, in such a dangerious enviorment, would Bitcoin be even accepted? In total chaos the guy with weapons and food is the guy that rules  Alas this.. when things go bad the hired armies of the gov (the police) will come to steal EVERYTHING you own.. EVERYTHING including crypto. If you do not have the means or people to defend yourself you will be killed and everything taken, or enslaved and everything taken... Things are just not looking good at all.. I have cop friends.. they are 100% brainwashed. If asked to go wipe out a city there will be no question just action. It's rather obvious the gun agenda with a massive decrease in gun violence over the past 15 years but the media going on about how bad it's getting and how we HAVE to fix this issue that is getting worse.. when it's getting better... :S.. In my country you'll face years in prison if you are found with a baton... hopefully I can escape south if/when the time comes. In the event of a real collapse there won't be a government to oppress, nor will there be an internet to run bitcoin. There will be starvation, disease, and power will be in the hands of those willing to take it. Only food and a few basic goods will have any value. Let's hope it does not come to that. |
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Goodbye money, I loved you once.  But seriously, you need to do a search before mixing BTC and PayPal. This often ends badly. |
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When i read about bitcoin, i often see concept of "next generation currency". So, i can't understand difference between "next generation" and bitcoin now.
What does mean "next generation" termine, and what currency belong "next generation", what currency don't belong that???
there is no next generation. it is purely a different altcoin. and people simply wishing to steal the fame of bitcoin, by pretending that they are linked or the same thing., Alt coins are like spray-can painting a car and saying "Hey guys look, I made a car!" |
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The developers are not going to sell out bitcoin for a Nobel prize.
It would obviously create a fork that no one would follow and leave the devs in poverty (devs are paid in BTC). I think we are forgetting that these ideas about taking over or destroying bitcoin have been discussed for years. So far no one has shown me an idea with any chance at all of working.
No one owns bitcoin, no one has control of the network, and there is no one to corrupt.
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This looks no different to me than "bitcoin will drop to $1!!!!"  |
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I would say it was a blow to the foundation, but nothing at all to bitcoin.
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Speaking of the largest block. what is the smallest block with the least transactions within a year? I mean there has to be a block with maybe like 50 transactions right?
I don't know the answer, but I think one could create a block with no transactions. I think? But I mean in "modern times" arent there transactions every millisecond? How could one be created with 0? I don't mine and am somewhat ignorant about the details. However I have seen a proposed network attack that was based on the ability of a miner to quickly create an "empty" block that could be accepted by the network. My understanding is that while they might make an empty block it is still highly unlikely for the attack to succeed. |
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Those days are long gone. This is what a bitcoin mine looks like now:  Your going to need tens of thousands of dollars minimum to really be a player. |
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Speaking of the largest block. what is the smallest block with the least transactions within a year? I mean there has to be a block with maybe like 50 transactions right?
I don't know the answer, but I think one could create a block with no transactions. I think? |
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I think there is a market for insured deposits. It is one of the financial services banks can compete on in the bitcoin space. Along with secured storage, insurance offers needed mitigation against the rampant criminality encountered by users. I would expect that fees and profits would be less than fiat currency protection. But arguably it is also a cheaper market to enter.
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What would stop me from taking your money then switching my mine back on? Now "all ur bitcoin R belonging to me!" Oh and some of your cash.
Say what?? How would you do that? If I understand the idea correctly. Miners would be paid to run alternate software. Assuming a majority of the worlds miners participate, this mystery code is really a way to fork the chain. At that point the mystery software takes over the network. There are a million problems with this idea. Here are a few. 1. I would NEVER run a closed source program involving bitcoin. That would be insane. 2. The attacker has absolutely zero ability to keep miners from taking his money then not running his software. If they did then difficulty would be lower and the attacker is now back to competing for the same block rewards. Except he has paid money to do so. 3. If all went perfectly somehow and the attacker took control of a majority of hashing power then forked the chain... He looses. Why. All he owns is another stupid alt coin that he paid millions of dollars to get. I assume I am like most here and would not even consider using this new fork. Therefore his "fork coins" are basically valueless. The rest of us would still be using the original bitcoin. |
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In Ubuntu your wallet.dat file is in a hidden folder named ".bitcoin". That hidden folder is in your "home" folder. Simply make a copy of that file and store it safely. I recommend making a few copies. One for the safe deposit box, another mailed to your Aunt who lives a 1000 miles away, and an encrypted copy buried in a graveyard or something.
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In America we believe that without gun ownership it is not America anymore. We insist that our ability to overpower the government is at hand all the time. Unlike most of the world, the government is our servant. It is not allowed to make rules that change that balance.
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Bitcoin is a registered trademark owned by mtgox/mark kerpeles. SO that means that company owns the rights to bitcoin, I couldn't even register a new gTLD domain with just "bitcoin" as they where all claimed by these scum bags and they got away with it as it is there registered trademark.
This is not for the people by the people, you are all brainwashed into thinking some random dude just made this currency and that its not controlled by anyone! I bet mtgox had everything to do with making bitcoin. That is why we don't know whom the original creator actually is because if you knew, you wouldn't use bitcoin!
Trademarking a word is something anyone could have done. That does not give the trademark owner any more control over the network than you have. Bitcoin is a math program and does not listen to anyone. |
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