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Its honestly not a problem, and you aren't the first to bring it up. The choice of 21 million coins in total is completely arbitrary, because they can be divided indefinitely. So even 1/21 000 000 of a coin would be enough for the whole world economy to function - we'd just have to add more decimal places.
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Wow, completely forgot about this! Glad to see it was completed  |
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Just buy some coins and sit on them. Mining is far more effort than its worth, too many delays with preorders etc. and hashrate increasing rapidly.
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lol, it was only about $0.5
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I was playing SD and ended up with a bunch of change, so I went on bitaddress and then sent it. (wanted to test it out)
Instead of redeeming the private key myself, I thought i'd post it here and see how long it took to go - pretty quickly it turns out!
Make sure you delete that address from your wallet and don't use it anymore!
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Looks like someone already got 'em
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You gotta make a little more effort than that  |
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(Who will get there first?) 5JhRPEeheYFczsqo1tr5MbZneBEuEegMHQWnn5MziDUwtLD3MXY |
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Also, please make sure that if you decide to store coins offline in a paper wallet (probably the safest option), make sure you do it yourself. Had someone posting a month ago or so, he had bought a paper wallet from another forum member - unfortunately he lost all his coins: the creator of the paper wallet had kept copies of the private keys.
Basically do your research properly and use some common sense. If you get stuck, there are plenty of helpful people here on the forums who can give you advice.
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...These projects are publicly against any form of government and sees the government as the enemy which isn't helpful. I see this as being quite dark (notice the word darknet) and negative...
...If a big project like this is to be successful it has to have something for everyone in society that they can contribute to and feel like it has their best interests at heart. I think we probably have to work together on this however difficult...
A completely free and open internet is probably the most powerful tool against oppression that has ever existed. Hopefully enough of society will recognise this for such a project to succeed. |
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From what I understand the point of a mesh network is the decentralization - if you have many users, taking down a few nodes won't help because you can just route around it - you would have to take down a significant percentage of nodes to disrupt the network. In terms of disrupting your signal, my knowledge isn't good enough to tell you how feasible that would be.
But in a local area such as a small town how many nodes are there going to be? Surely with only one or two possible routes it would be easy to take down. Very few in one small area are likely to be activists. That's the difficulty of developing a mesh network - getting enough people involved to make it work. If you could get the majority of the population using it, it would be incredibly resilient. I guess like most things, offering some sort of financial incentive would get things rolling - just look at the growth in hash rate of the bitcoin network... |
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The wireless nature of mesh networks surely makes them useless from a censorship perspective. All the enemy has to do is disrupt your signal or take down a few nodes. At least with the internet you have the added advantage of societies dependence on the network for business, which means you just can't filter out what you like from what you don't.
From what I understand the point of a mesh network is the decentralization - if you have many users, taking down a few nodes won't help because you can just route around it - you would have to take down a significant percentage of nodes to disrupt the network. In terms of disrupting your signal, my knowledge isn't good enough to tell you how feasible that would be. |
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Go to blockchain.info and create a wallet to move your coins to. Make sure its backed up. Then do some research into paper wallets/offline storage. Coins which you are holding for the long term, move offline.
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My favourite is when LTC/BTC is running up and you bought in like a boss near the bottom - In the meantime, BTC/USD is running up so your winnings are worth more  |
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It does not take if you have 0% - 1% or 90% of the bitcoins.
What matters is if you have more than 51% of the mining power. Miners are accepting transactions. It is a decentralized currency. If you have more than 51% of the power, you can freely choose which transactions can proceed or not. No matter if the owner of the bitcoins wants to send them or not. You can do whatever you want, because you are the majority. That's like if you got 51% of the voting power, you can choose the president, no matter what.
There is some option to reduce the risk of 51% attack, you can do some research about it.
You really don't have a clue what is a 51% attack... Actually you don't really have a clue what a 51% attack. What marcovaldo says is right. If you have more than 51% of the power, you can freely choose which transactions can proceed or not.  Well yeah, if you can hash faster than the rest of the network you have control. Statistically, you should be able to create new blocks at a rate which guarantees that your chain is accepted above all others, i.e. everything else gets orphaned. If you wanted to stall the system, you could create blocks with no transactions and nobody would be able to send or receive coins. |
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Any news on the Gox front? I noticed the spread had been decreasing, made me wonder if maybe they've caught up with their backlog? In terms of price movement, I'm going with just a temporary pullback following a sharp rise. Once the weak hands have all sold, it'll be onwards and upwards.
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What makes you think that the speculators are trying to accumulate dollars?
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My guess: next year some time, assuming continued rate of growth and development. Unforeseeable circumstances could change that either way; Winklevoss ETF could cause a massive rally if it gets approval, on the other hand bad news such as a government ban could set things right back. What would be interesting in such a case would be how other governments react - e.g. if there was a ban in the U.S, how would China/Russia/Europe respond?
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Bitcoin was not ment to be a storage of wealth. Only complete idiot would consider something that requires fucking network of computers,
man made shits that can't survive flood, EMP and so many other real world threats, and require electricity to even run, as solid foundation.
Do you have any idea how the current banking system modern western society works? Yes, it is not working very well. So you understand that we are already completely dependent on a network of computers, the availability of electricity etc. and that floods, EMPs and other real world threats on a level that would threaten the Bitcoin network would already cause devastation to society? And therefore building a protocol on top of this to be used as a currency and using it as a store of wealth is not much further a stretch? I don't feel like wasting more of my time on you and alikes. Go ahead, put all your wealth into Bitcoin, I'll be glad to see your kind losing all. Its really quite simple - if you have money in the bank, then you are already dependent on 'fucking network of computers that requires electricity to even run'. That shouldn't be too difficult to understand. Now if you fully expect some sort of apocalyptic mass flooding/asteroid strike/nuclear holocaust etc. to occur any time soon, don't keep your money in the bank, and certainly don't keep any in Bitcoin. Buy gold, silver, tinned food, weapons, ammo, go build a bunker in the woods and start preparing to ride it out. |
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