But it could be possible to temporarily fake a human out and make them think they had real bitcoin which is all that is required for an effective counterfeiting operation. Eventually the sucker will find out their duped but by then the thief could be long gone.
You cannot send someone a "fake" bitcoin because the transaction would never be relayed by any node or confirmed by any miner. |
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I don't think you guys quite get what I'm saying. Let's just say for an example your circle account has a routing number. So you could pay for services and they wouldn't even know their accepting bitcoin. So your circle account can act as a fiat bank as well as bitcoin bank and instantly convert. This is just a example to illustrate what I'm trying to say. Not saying circle should do this. Would this even be possible?
Coinbase has a way for a merchant to do subscriptions. The customer must keep enough in their Coinbase account to cover a payment. |
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This is probably a scam. Don't send them any BTC.
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a guy want to send me money but im scared he is going to scam me so i asked him for his bitcoin wallet so i can check if he have money , So please tell me how much balance in that address ?
He is trying to scam you. That address is not his. He might have the private key for it, but so do a lot of other people. |
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ok than please why when i try to check the balance of this address : 16agjss9qWvqPXuxbxJSKdZyhAvZZFvg7X i get nothing & it doesnt work!!! and you can try it your self  Hash 16agjss9qWvqPXuxbxJSKdZyhAvZZFvg7X Balance 0.24850000 BTC Total received 0.28049000 BTC Transactions 30404 Unconfirmed -0.07339000 BTC The problem is the huge number of inputs. It clogs up some wallets (especially SPV wallets). Don't import that address into your wallet. |
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Yet another cloud mining ponzi scheme collapses, and it gets more and more difficult to sympathize with the victims.
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There is no such thing as a "private address" or "public address".
A bitcoin address has a "private key", which is used as its password. There is also a "public key" which people mistakenly use when they mean "bitcoin address".
Regardless of how many addresses you use, the wallet will keep track of them. You generally don't need to worry about individual addresses.
It might be safer to store bitcoins in several wallets, but the number of addresses is not important. Keeping a wallet offline makes it more difficult for hackers to access, but it also makes it more difficult you to use.
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I just recently signed up with Coinbase and have had no issues so far. I have only made purchases and have not tried withdrawing, so can't comment on that side yet.
My only gripe is the bank transfer delay to get funds in (I assume delay in getting them out as well) and the fact you need to buy at the current price. It would be nice to be able to place orders on where you wanted to buy in at.
The reason for the delay is the U.S. banking system and not Coinbase. Coinbase cannot give you the bitcoins until it knows that it will receive your money. The U.S. banking system takes days to transfer money If you want to buy or sell bitcoins at a price other than the current price, you can use the Coinbase exchange and place a limit order. https://exchange.coinbase.com/ |
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You can earn a lot more by doing mechanical turk than by clicking on faucets, and they both take the same amount of skill and effort.
Bitcoin faucets are like free food. People will do anything for "free" food.
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The author doesn't know what a "pump and dump" scheme is. I'm surprised he didn't call LTC a ponzi scheme, too. "Pump and dump" (P&D) is a form of microcap stock fraud that involves artificially inflating the price of an owned stock through false and misleading positive statements, ...
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Jeff Garzik is not clear about what is happening, because the article is correct, but it does not explain what is going on very well. The "spam attack" is creating thousands of inputs with dust in brain wallets with passwords like "password". The pool is simply claiming that dust. It can because it knows the private keys of those addresses (just like everyone else). It can do it economically because it doesn't have to pay fees for any transactions in the blocks it mines. For example, take a look at 16ga2uqnF1NqpAuQeeg7sTCAdtDUwDyJav. It's private key is 5JXvHQfGHxUffo8BLRG1RBecRCZ2Jygtx... |
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I like this guy's videos, though some are annoying because they are politicized. Watch the ones where he tries to sell an ounce of gold for $20. I might take a trip to Encinitas some day just to see if I can take him up on an offer.
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Nobody honestly values paper money for what it is, they only value it because it is backed my Gold. And a lot of people love and believe in the power of gold. Paper money hasn't been backed by gold for 44 years. I do not understand why backing money with gold is supposed to be good, is not gold the same? Something that has value because people gives value to it? I was told once that (some) indigenous cultures did not worship gold, and those having more of it were not necessarly the richest. I know it is hard to extract, but there are things more difficult to get. What makes gold so special? because it has an actual use in the industry, basically they need it, if you need it and thus you use it because it is necessary, it has value Industrial use of gold is very low. Gold's primary use is money. It's second biggest use is in jewelry. Regardless, according to Mises' Regression Theory, something needs to have value exclusive of its use as money in order to be considered money (or perhaps good money). Gold has that quality. Bitcoin doesn't quite fit the theory even though it seems to work. So, maybe the theory should be demoted to Mises' Regression Conjecture. |
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Nobody honestly values paper money for what it is, they only value it because it is backed my Gold. And a lot of people love and believe in the power of gold. Paper money hasn't been backed by gold for 44 years. |
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no, electrum or multibit is ok for every day usage, I really don't see any point to use web wallets these days...any device, which can access web wallet had some application for its own platform.
can you please explain, why you are recommending such non-sense like web wallet?
I like Blockchain.info because my wallet is available on every device. yes cool, what device/platform you are using for secured accessing blockchain.info and is not-compatible with electrum? I access it from my phone, my tablet, my laptop, my desktop, and my computer at work. I have electrum on my laptop. |
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no, electrum or multibit is ok for every day usage, I really don't see any point to use web wallets these days...any device, which can access web wallet had some application for its own platform.
can you please explain, why you are recommending such non-sense like web wallet?
I like Blockchain.info because my wallet is available on every device. |
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The flaw in the fix is that it requires consensus on mandatory fee rules. Good luck with that.
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The coin itself has a fixed price (about $10). Compare the prices of the empty coins.
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You better don't use this address anymore Just tried import that private key & my desktop wallet suddenly stopped working  Don't try to import that private key on slow devices if you don't want your devices stopped working, also there are too many unconfirmed transaction. The address has thousands of transactions and inputs that your SPV client needs to download and process. It takes a long time for some clients. |
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I had to wait about 45 min to get first confirmation. It's a significant increase compared to a month ago, but i'm sure they'll fix it somehow and soon.
A year ago the same thing used to take 10 min!
Pay the fee and you won't have any problems. I just sent some BTC and paid the 0.0001 fee and it was confirmed in minutes. |
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