Then the arguer says.. "In the Uk there are lots of immigrants that come into the country and dont work and they are given shelter and assistance." The arguer spoke as if every single immigrant in the UK did not work and just is basically sucking the life out the land and its ok! << --- wtf!
Don't listen to propaganda peddled by racist plebs. I have to hear this kinda of misinformation every day by people white british people who are themselves on benefits. I agree that the system's wrong and it needs changing. In this country you can get pretty much everything for free if you so wish to play the system. lol yeah, I'm in the UK and you get those kind of racist morons everywhere, what they're saying is it's okay if you play the system as long as you're white, I'm getting sick of people who think they can ignore basic mathematics especially when I'm taking the time to learn it all properly. The best one is the government departments and public unions in this country, essentially their message is "Yes we agree that we need to make budget cuts to bring down the debt, no you can't do it to us" and they all say exactly the same thing which does actually make me feel sorry for the politicians in this country. I am seriously considering denouncing my citizenship and moving to a country with a low tax rate. I have a love/hate relationship with this country. I love how we have free healthcare and a pretty decent/safe quality of life, but I hate how it's full of ignorant plebs and run by elitist thieving scum who do nothing but launder tax-payers money. I'd like to fuck off and live somewhere else, but I'm sure I'd get homesick. England is still my home as much as it frustrates me. Let's get something straight. I am a non-EU migrant in the UK. You have no idea how hard it was to get my work permit. I work, I pay tax, I have no access to public funds, no benefits, no housing, etc, etc. I have to work for THE employer who hired me for the work permit, no one else, and if I stop working I will get deported. When these racist morons babel on about welfare tourism by immigrants, they are only describing some EU migrants but most of them don't realise the difference. |
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About light bulbs blowing. The other day I had a dream about standing next to my GPU mining tower and not hearing the right noises from the GPUs. I tried switching on the light to see what's going on. When I did the light bulb blew (energy saving fluorescent tube bulb), then I felt a strange presence. I panicked and woke up from that dream, then I tried to switch on the bedroom light for real, (also energy saving fluorescent tube bulb), the bulb is dead.
These things don't blow very often, so me having a dream about one blowing and one blowing for real at the same time is really spooky.
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27th time! They might as well make it part of the tradition.
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wallets add new addresses every so often. make sure you backup the working wallet as time goes on, as you may find you old backup wont have currently used addresses in it.
There is some leeway to this. Bitcoin full node client wallets have a keypool. Default is 100 keys. This means it has the next 100 addresses already generated. |
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There is an important lesson here. Backing up to obsolete hardware is pretty secure, but possibly too secure. What if your only floppy drive fails? Where would you buy another one? What if USB sticks become obsolete? Don't backup your wallets on some kind of technology and forget about it. Offline printed paper wallets are the best cold storage way to go.  I am starting to understand why John Titor came back for an IBM 5100. He/his government must have put their backup on tape. The loss of access to the bitcoin reserve must have led to civil war. |
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Backup to a floppy.  Ha ha ha ha ha ha ha  |
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CPU-only mining that is botnet resistant and also limits the sizes of pools is very much needed.
Why not suggest something possible? For example on reddit it was suggested that we have 3 algos which are used seperately dependent on block # So 1/3 blocks scrypt, 1/3 aes and 1/3 sha. That means it would only be feasible to have 33%. And that means dominating an entire algo! RuCoin kind of tried that. |
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How could we resist?!  |
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ok awesome so in your opinion what is the best way I should approach my situation? i got a 500gb hard drive, put .dat file on it, make a copy of the .dat file and put it on a usb? and then keep taking that file to multiple locations...sound about right?
If you are keeping these wallets as backups, it should be fine. If you are looking to store your coins offline, securely, for long periods of time, I recommend you use paper wallet. Most digital storage mediums degrade over time. USB sticks have a data retention period of 10 years, typically. Hard drives in cold storage for extended periods of time may fail to start (motor failure). |
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Very stupid question but doesnt creating double wallets also mean your creating duplicates of your coins? or are the coins assigned values 1-21million like a bank note has serial numbers.
thank you
No. Bitcoins are not serial numbered. A bitcoin is not a unit really, but rather a quantity. Bitcoins are infinitely divisible, though for now you can consider a satoshi as the smallest unit. There are 100 million satoshis in 1 bitcoin. All you bitcoins are actually on the block chain. Your wallet only contains the references to your coins and the keys that let you to spend them. So, you can make as many copies of your wallet as you want. Your bitcoins will not be duplicated. |
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The cryptocurrency world changes so rapidly, I don't think reading a book is the right way to learn. Bitcoin's official wiki is a wealth of information, including technical information of how bitcoin works under the bonnet. https://en.bitcoin.it/wiki/Main_PageThere are lots of videos about bitcoin online as well. Alt-coins are variations on the same scheme, different reward methods, different proof of work algorithms, different rates of block creation, etc. As always, actually getting down and doing it is a great way to learn. So get a small amount of bitcoins to play with, send it to some place (e.g. an exchange) and send it back. blockchain.info has a nice looking block explorer, which lets you see your transactions and what you have on your addresses. |
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I know how many satoshi bitcoin has.
100000000
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Oh dear.... kuverty, please tell me you are not serious.
To ease your mind, I was trolling obviously. Figured it'd be all right in this thread... Phew . I can imagine some people actually trying this. |
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If you do this with existing altcoins currently in the process of being pumped, the chance of you getting toasted is very high. You don't know when the pumping stops and the dumping starts.
1) You might want to look for older, almost dead, yet still ticking along coins like feathercoin and wait for the next jump. These have been through pumps and dumps and kind of survived.
2) Watch out for announcement of new alt-coins and jump in in the first hour.
I noticed a decrease in the elementary particle chanting.
It looks like the infamous canine coin is almost out of steam now.
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Perhaps it will happen.
I once heard of a theory that if the wealth of everyone in the world were to be equalised today, those who were wealthy before the equalisation would start to become wealthy again in just a week.
May be one day the central banks will hold a vast majority of bitcoins. The rest of the world will work with nano-satoshis. The global economy would be worth 1 million satoshis or 1000 trillion nano satoshis, or BTC0.01000000.
QEs then would mean central banks buying assets with a satoshi, a whole one.
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I have 0.2 not much but I am going to wait tell it's much much higher to sell em.
You're going to need to accumulate more than that, no point in holding so little. Uh... 0.2 is not little. It may look little now, not in a few years time it will be massive. We are talking about 20 million satoshis here. Even in today's value BTC0.2 can buy you quite a few meals. At time of writing, BTC0.2 can buy US$160. |
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The attacker can’t:
Reverse other people’s transactions
Send coins that never belonged to him
Actually YES HE CAN. He can rewrite the whole blockchain so 1)He can delete other transactions, it will be like they never existed 2)He can go back in the blockchain and make it that the coins were mined by him. Thus he has these coins, not other people, so yes he can now send these coins to who he want, or just keep them. Oh and yes if you mined that coins/received them you lose them. A 51% attack is catastrophic. Sure, if used in a such obvious way the bitcoin value will just plummet to 0. But it can be used in a more insidious way, just modify some transactions because someone 'paid' you for that... corruption... An attacker can rewrite the blockchain up to the last checkpoint. The severity of the threat depends on how high above 51% of the hashrate the attacker has. At 51% it can win all block conflict contests. It can also ignore blocks from others on the network, and while doing that it can hash blocks according to its own set of rules like paying itself more reward per block, causing a fork. |
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Memorize a simple password in your head 1234BitcoinEater, then memorize the hashing procedure, e.g. SHA256(HEXTOBIN()) then use it as your password.
If you have multiple passwords you could combine multiple one way hashing algorithms and add 1 to the end of your memorized password, then every time you need a new one simply add 1 to it and hash the same way to get a completely different password.
Here's another hare brained scheme for you guys to consider: - Take out your camera and take a picture. - Make a hundred billion copies of that picture and stick it everywhere. In USB sticks, DVDs, memory cards. Throw them around the house. Make sure a few tiny memory cards end up behind the sofa like loose change. Even wear one as an amulet around your neck. - Use the sha256sum of the picture as your password. Very easy to do on *nix sha256sum my_not_so_secret_pic.png
- And if you need multiple passwords just append a number: echo "1" | cat - my_not_so_secret_pic.png | sha256sum
Now we can tie our BTC to our testicles, thanks for the great info. I use the SHA256 hash of a picture of me standing in my kitchen to access my Bitcoin savings. I did not store the picture to be safe, because I can always take a new one but no one else can get a picture like that. I have not stored the picture anywhere so it's like a brain wallet but I feel it's more secure as that's more entropy than I'd like to just remember. I hope my house doen't burn down... I don't think so but maybe I should consider printing such a pic and taking it to a bank vault Oh dear.... kuverty, please tell me you are not serious. |
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Prices are certainly looking positive today. |
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