Nice to see a big payment  Agreed, DT is doing an amazing job with the recovery. Out of curiosity, what is paying us back the most? At the moment AsicMiner is generating most of the paybacks  So say thanks for FriedCat he has really saved our asses. //DeaDTerra Hi DT Hope you are doing well! Any updates? I guess 2 more payouts from ASICMINER have been received but can't amount to much just yet due to the low dividends as they are reinvesting. What are the other avenues of getting funds returned - anything we can do to help? |
|
|
|
Based on prior estimates which put the upper limit of the exchange rate as $1 million equivalent if it saw universal adoption, and a simple ratio of world monthly economic output.
Like I said a velocity of 8.5 is unheard of in any economy anywhere on the planet ... ever. So either you forgot to carry a one or your something is wrong with your analysis. For example the US money supply (M2) is roughly $10T and US annual GDP is ~$15T. That is a velocity of 1.5. If the Bitcoin economy had a similar velocity of money to support current price (~$135 * 11M BTC * 1.5 = $2.3B) $2.3B in commerce annually. Of course Bitcoin also has a store of value component so it is likely that Bitcoin velocity would be lower. At $1B per month I would expect (based on economic theory) for BTC:USD exchange rate to be north of $1,000. GDP is a measure of commerce over time. Money Supply is a timeless value. Velocity is the conversion factor. A Velocity of 1 means an economy with x monetary units engaged in x transactions annually (i.e. each unit was used once).  Funny I was just looking at the St. Louis Fed's data for money velocity last night... Awesome analysis. What services do you see growing the Bitcoin economy in the near term? Any thoughts on the valuation 1, 2, 5 years from now? |
|
|
|
|
Why when upgrading 0.7.0 to 0.8.2 does the wallet.dat file change? Does it have to do with the reindex process?
Thanks
|
|
|
|
Lost 7,4 BTC to a thief. I was stupid enough to keep a hot wallet in a windows machine.
How exactly was the machine hacked? I am still unable to figure it out. I have installed an antivirus (avast) but it found no trojans yet. The BTC was stolen yesterday, I think the wallet might have been purloined sometime last month. Why do you think it was stolen last month? Was it an encrypted wallet? |
|
|
|
Lost 7,4 BTC to a thief. I was stupid enough to keep a hot wallet in a windows machine.
How exactly was the machine hacked? |
|
|
|
I'd happily trade that if he spent the rest of his life in jail over multiple counts of securities fraud over this. I'd be worth it, every dime.
+1 $200k at current prices. Would be nice to have had it to pay for the extra THash... is there any work being done to get it back? Were those BTC on reserve with him? Did he just steal them? What is the hypothesis? |
|
|
|
|
Does GLBSE/nefario still owe ASICMINER any BTC?
|
|
|
|
I won't be able to make it this month but will try for next month. Thanks for putting this together!
Hope to see you there! |
|
|
|
Thanks and good point. I see the issue is open so I made a comment there.
And to replicate the response from there: gmaxwell commented: @keystrike it's likely going to get subsumed by the multiple wallet support. Looks like they are well on their way: https://github.com/bitcoin/bitcoin/pull/2124 |
|
|
|
hoooray!
god now all my family( wife, uncle, dad, cousins) is like "oh hey did you see that bitcoins went to 100" um ya ive watched it since it was at 2 bucks
and now they are like "so tell me more about THE bitcoin" oh hell! for one you didnt listen to me and lost out on a shit tone of money!!!
It's ok you have your Bitcoin family to talk to Bitcoin4LIFE! |
|
|
|
|
Congratulations everyone!
|
|
|
|
I'm splitting my cold storage up into several wallets now that it is worth 10x what it was 6 months ago. What a pain in the ass. What's the best/safest way to do cold storage? Paper wallet? Wallet.dat saved to CD-R & USB Media? |
|
|
|
Yes, would be useful, -walletdir has been proposed before: https://github.com/bitcoin/bitcoin/issues/68It used to be a problem that both the block chain and the wallet use bdb, which shared one database directory with log files. But now that the block chain is no longer in berkeleydb it is possible to add this option. Thanks and good point. I see the issue is open so I made a comment there. |
|
|
|
|
Didn't want to post in the old thread as it has been 120 days since the last post there....
It would be nice to have a --walletdir option to specify where the wallet is. That way we can put the wallet in an encrypted volume and leave the blockchain elsewhere.
Has this been implemented? I see some people are using symlinks but that is still a pain under Windows (especially with multiple wallets).
If a patch were written would it be easy to get it merged into the client?
Thanks.
|
|
|
|
Is this the best site to sell ASICMINER? https://btct.co/security/ASICMINER-PTThere isn't much liquidity on the buy side, at least on the order books. I'm not looking to sell, just trying to figure out fair market value of shares for accounting purposes. Thanks! |
|
|
|
ok so i looked up satoshi as user, and it was kinda cool to see his threads/replys
i decided to reply in one, and realise this sorta sully's the historical record...and I felt kinda hard to explain, like it was a bit sacrilegious/profaneing holy ground vibe.
then some mod/ mod bot deleted it and i was informed by PM
i accept the importance of the Historical records and the policy of making new contemporaneous threads.
However, the fact I felt the vibe of treading on hallowed ground, and that it was deleted, is in a way dangerous, it leads to a cult of satoshi, which is not the way to go.
I think a historical version of satoshi should be made but let people comment in particularly his threads as a means to combat a "religion/cult" of Satoshi developing.
It must be more like a museum and living record, as well as having a historical record, which you could easily create.
There is enough "mystery around satoshi" as it is
and BTCtalk, has a kind of priesthood going replete with symbols eg.
it has the special platinum membership coins...
I'm just not sure its in the best interests of the community to fuel the fire.
Anyway I think you can have the best of both worlds, a backed up no mod historical version and a typed in reply version, that this would be a good idea to let people reply in those threads of the live version....to avoid the cult of satoshi developing
You must have more faith in Satoshi. Long may Lord Nakamoto give us our daily Bitcoin. He who forks the chain maliciously shall suffer the wrath. But all is forgiven by the merciful Satoshi when the client is patched and order restored in the realm. Actually what is the link to Satoshi's username with post history? I'd like to go through and read some of the original posts. |
|
|
|
|
Selling ASICs will also help alleviate the community's fears of ASICMINER having too much hashing power. So this is also good for the health of the network.
Interesting months ahead...
|
|
|
|
The people who've assigned very large amounts of coins to single addresses, or even single outputs— I think these people are insane. They are a lose cosmic ray away from all that coin being gone forever when they form a transaction and send all that change at once. Or some crazy glitch causes them to reuse a K value in a signing... private key is revealed... all that gone goes bye bye. etc.
What would you recommend as the best way to keep multiple wallets secure (from cosmic rays and thieves) which have multiple inputs and outputs? And what is the best way to conduct frequent audits to make sure that one still controls the coins? |
|
|
|
Shouldn't it be "real money has officially entered a funny money world"?
^^This +Infinity |
|
|
|
why wait when you can use armory that already has that function I was planning to use its cold storage option but I had trouble running armory on a Win7 machine (it crashes when synching with the blockchain.) I do like the print to paper option! Would be nice. Armory is awesome but I trust the Satoshi client more as many more eyes are looking at it. |
|
|
|
|
Show Posts
