Actually, the private key for the generated Bitcoin address is encrypted with this PIN code, so as long as the PIN code is safe, the Bitcoin are safe. In Itipu, you can send your Bitcoins to your friend’s wallet by telling the bot to do so, like, “Send 2 dollars to joe.” (You have to enter your PIN code of course). First, how long is this PIN? If it is four digits, and the phone is hacked (encrypted key leaked), that would be broken pretty quickly, even with key stretching. For example, if decrypting takes one minute on your phone, cracking would on average take a bit over eight hours on an identical phone, a powerful GPU could probably crack it in a few minutes. You could fix that by replacing the PIN with a pass-phrase, until it becomes essentially a salted brain-wallet. Also, if this is a bitcoin wallet, why does the article say "send 2 dollars to joe", instead of "send two millies to Joe"? If you affect the Computing time with dummy operations you dont need a long passphrase.. Generally.. you could just use a 4 digit code.. and on 3 wrong enters.. the wallets blocks or deletes the priv keys.. With this option available.. you should make sure that the user of the wallet writes down a "passphrase" to recover the Priv keys (or write down the priv keys itself). |
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As others already managed.. you probably need to update your wallet.. But dont be afraid.. your Coins are safe.. As long as you have access to the private keys.. you can't lose your Bitcoins  |
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Does anyone have information about Apple accepting BTC's ?
Didn't find any official statement regarding this Topic
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I hate telling new people "bitcoin is an investment and you are gonna make profit from price rise", that is just silly.
Why this is silly point  It is true that if you just keep holding bitcoin without having close eye on market activity than you will actually loss rather than making any profit out of it. So thinking bitcoin as passive way of earning profit is the wrong sentiment. I disagree with you, the transaction fees are getting higher and it is making Bitcoin unpopular especially to the yet to be told and the newbies. I think he made a brilliant point that it's silly to pay so much for a new technology while my conventional credit card charges nothing to perform a similar transaction. It may sound "silly" now.. but in 5 to 10 years.. when financial system has collapsed (and this definetly will happen), the use and existence of Bitcoin will be loved. |
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Nobody uses Bitcoin as a currency to buy stuff, everybody is holding and in for a profit, so the fees do not matter.
First of all, Bitcoin is intendend to be used as a currency.. and secondly.. Most BTC Traffic on the Blockchain is because people use it as a currency.. Everything which has to be paid pseudoanonymously or with a big distance.. is being paid with BTC's |
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Spamming the network doesnt make any sense (imo).
The costs are too high.. (even if you self mine the block).. You cant mine every block..
Spamming Blockchaintechnology is never efficient.
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BTC is kinda far away from Diamond price yet.. But this may be just a matter of time
until BTC overtakes Diamonds price..
But for now.. its definitely way lower and can grow way more..
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Well.. Bitcoin is Counterfeit-secured.
So even if you dont need Bitcoins.. it still would be a better option than Fiat (paper) money.
Further BTC could be used as "consistent" Currency. To be able to pay the same price on the internet (from everywhere).
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so the owner is careless and he is not innocent because he have 40 btc and he cant such idiot to keep his private key somewhere in forum. so you found the private key and you are the owner now. as there is no law of bitcoin so its not illegal i hope.
If you look at it from the Law side.. it indeed is illegal.. But tbh i dont believe this story anyway.. But even if its true.. then the "loser" of the private key.. deserves to lose those 40 BTC.. |
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I think the $50000 quota is the reason behind the recent rise.
I also think it is one of the reason, but it will be quite hard to know all of the reason behind any price pump or dump. However this limitation can easily encourage more Chinese to hold more and more bitcoin. It seems it does not affect the price of bitcoin. Why do you think that? What kind of Information makes you think that? For me its kinda hard to see if this does or does not affect the price.. |
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Can we get some more information?
What kind of PvP Game are you thinking of? Whats your Budget?
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Like already mentioned there are ad networks comparabile to adsense..
But Google Adsense has and probably also will have the highest rates for quite some time.
It just wouldnt't be lucrative to pay even more for ads.
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...Bank fees on the other hand, are in no relation to the costs that a transaction incurs on the bank.
Exactly. Thats the Point. I rather pay some small fees (small compared to bank fees) to be able to securely and pseudonymously transfere money all around the world way faster than Banks do. In Addition to that i am in control of my Money.. No trust required. |
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BTC definetly has the potential to overtake gold.. but id ont think this will happen in february.
Maybe in March / April but not in februrary.
IMO time has already come for BTC to overtake gold..
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It depends on the amount of information.
If you only know he send amount x to exchange y.. you probably wont be able to trace the coins further if you dont know exactly when he withdrawded his coins..
If you do know the time he/she withdrawed his funds you could start a blockchain analysis.
If you have the information the exchange has.. its easy to trace your transactions..
But if you Mix your coins before and after exchanging.. there is no real trace/connection between those funds.
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I am using a hardware wallet (for cold storage) and a leightweight mobile/desktop wallet for the daily use.
But i wouldn't use a web wallet at any time.. The Way Bitcoins are made to be used is that everyone owns
his own money and has to keep his/her Private keys safe.. Web Wallets are just like a Bank of BTC's
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It is right, there is no proper price for bitcoin, Because bitcoin create for online users, and it don't need it, because it is a crypto currency, and in it, price value very important thing for bitcoin users. We earn from bitcoin behalf of its price, sometime it is increased and sometime it is decreased, So it is better for us to earn from bitcoin in this way.
I think there is a price for bitcoin.. its all about the Demand and the Supply.. and if People are willing to pay 1k for 1 BTC.. then this is the "proper" price (at this time at least). When Price is increasing/decreasing its just reacting to the market. Just like anything in economy. |
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It's not a puzzle. it is the SHA256 hashing algorithm designed by the NSA.
You keep hashing the block data plus a nonce until you find a value lower than the target. That's the solution.
Oh the target is continually adjusted according to the network hashing rate- every 2016 blocks.
You haven't read the right material yet.
To be exactly this is a Puzzle.. its called cryptographic Puzzle.. this is used as "Anti dos" atack on Webservers for example.. the Client has to "Invest" computimg Power to be able to communicate with Web Server.. It Works on the right principe.. you have to find Hash with X starting 0's... X equals difficulty. |
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No I will not use it. I will invest in other coins as it would give profit
Do you treat BTC as Investment only? The least people i know have this attitude. Its Designed as a currency.. and it should be treatet as such in my opinion  |
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Tesla is selling (or was selling) their E-cars for Bitcoin. And there also has been private houses/Villas Sold for Bitcoin's yet. I probably would be waiting for 6 confirmations with those high amounts  |
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