That is absurd. World hunger has existed long before Bitcoin was introduced. It's really a problem with human nature - outside your small group of friends/family no one cares about anyone else. Hence why the need to help others?

I would disagree. If we managed to get that low people would have considered the whole thing as a big failure and left it alone. If it was so clear that Bitcoin was great the price would have shot up significantly long before late '11.


Back then, it was just a fun thing that people were experimenting with. As a guy from that time (back when Gavin was giving out BTC0.05 every hour on his faucet) I can easily tell you that very few people believed we would reach what we have now. Aside from the tiny community, no one else actually accepted it as a form of payment. We didn't have the 'infrastructure' like BitPay to get merchant acceptance nor did we have a particularly large voice in the real world. It took time to develop and grow and if it suddenly destabilized to that extent the perception quite possibly would be that it is dead and everyone would jump ship. You must remember that anything Bitcoin does can and is replicated in another altcoin. Fundamentally, nothing but the 'infrastructure' we have now for Bitcoin makes it different from any other alt.

Stay away from that. Unless you know what you're doing don't create a brain wallet - most people don't have enough randomness to create a truly random phrase and hence they have their funds stolen once the phrase is bruteforced. Either that or people copy lines from famous movies/poems/songs thinking that their smart and have their coins stolen when a bot comes along and copy pastes them over and over.

Yeah, I'm pretty sure it's got quite a bit more to go but predicting how high is always difficult. Managed to sell out back at $1K and buy back in at $500 but those few weeks at above $1K had me rather worried as to whether we would be climbing higher.

Sure it is. But it's never really hurt to be prepared for the unexpected/unlikely and there are certainly examples throughout history where the highly improbable/illogical has happened before. You never know - there could be parties who stand to lose if Bitcoin gained traction (ie banking sector) so someone with an incredible holding in bank shares might want to debase Bitcoin rather than devalue those shares.

Bah, but it really is just mere speculation. In all honestly, if people wanted to destroy Bitcoin enough it would have died back in '11/'12.

Haha, I knew someone would take me up on that offer.

As with anything, there is always a chance that it is legitimate but I'm more inclined to believe that in the balance of probabilities it isn't. After all, how hard is it to simply sign a message from an address known to receive newly generated coins - can't really deny that isn't suspicious behavior. 


If anything, that idea is consistent with a ponzi. They pay out the earlier members to convince newer members to join and drop the cash. That being said, I'm happy at least someone has made a profit thus far (although it might be a bit unethical if it turns out to be a ponzi after all).

I really don't see much merit in this idea. While it's true people like to think in terms of easy numbers when people sell off/buy in they you don't see the orderbook filled with 550 exactly for both the buy or sell options. Buyers want the cheapest, not the nearest nice increment, and sellers want the most, not the nearest nice increment. As to your second statement, that depends on who is selling - those with higher expectations won't sell off until those are reached and so may not actually offer a sell option.

If I had some spare cash I would be buying around now, but since I don't I'm content to just hold on to what I have. I'm expecting this to be another bubble, so I'm just trying to work out when to sell so I can buy back in when the price inevitably drops. But yeah, long term expectation is that it'll increase with time so I've adopted a hold strategy as a rule of thumb.

Being smart and not wanting to hurt Bitcoin are two separate things. Although unlikely, that person could instead see if they could damage Bitcoin by dumping that much on the market to cause a systemic fall in price which would lead to mass panic. It's anyone's guess what would happen after that.

That being said, few people have enough money such that they would be willing to lose 100 million USD to destroy Bitcoin.

Increments doesn't really help - you could easily chargeback once the overall transaction if complete. Account age doesn't really mean much unless you've been active since then and made actual deals. You might be better off trying to buy using some other method to get some trading history first before offering PP.

Trust me, the sheer keyspace is far larger than that.


@OP: I would advise oclvanitygen (try the updated lifeboat one) rather than just pure vanitygen as GPUs will work more efficiently at finding addresses than CPUs.

If your friend is quick you could snatch up the 25% discount from greenmangaming which should put it under $40. Check here for the voucher to add.

http://www.reddit.com/r/GameDeals/comments/26ejis/green_man_gaming_watch_dogs_preorder_discount/

GMG accepts PP/CC so that might be a problem depending. I suppose someone could buy for you if you don't have any PP/CC.

Enjoy.

Ah well, like everything else all good things must eventually come to an end. Thanks for this campaign Ritz, we had a good run. Hope your casino does well in the long term.

You might as well quit now. No one is going to give you a loan with you being new, now having negative trust and have no actual means of repayment aside from your claims.

The fact that they obscure the transactions by mixing was the big one for me. They claim that if they show you a tx of a newly generated block going to a certain address and signing a message from that address with compromise their security and privacy which is rather improbable claim. Really, all it seems is that it is a ponzi that using the mixing to hide this fact so they don't get called a scam from day one. I'll eat my shorts if they truly meet the five years they promise.

Have you calculated the cost of your electricity first? There's no real point of bothering if you electricity costs are higher than the efficiency of any miner's you buy. With that in mind - for $250 USD I don't think you would get much in the way of GHS, personally the time for mining has really passed unless you have super cheap electricity/access to cheap miners.

With most clients already sticking in a fee or asking you to change your fee to a more appropriate one according to your tx I still find it hard to believe people try and send without a fee. Yes there are cases where you can make a feeless tx and have it confirm in reasonable time but in general you won't be able to do so, so unless you're willing to wait and 5c matters so much to you then why bother.

Eh, it's not really a flaw in the fiat system - it's just a lapse in security. The same can happen to any user who doesn't follow good security practices and thus has their coins stolen. Personally, I'm still far more inclined to say that the fiat system is safer - if needs be they can literally print more money to compensate losses as well as make the stolen money illegal for all intents and purposes which can't be done with Bitcoin.

The real question is how those came to be. From what we've seen pools getting 50% or more get severe community backlash - meaning that most of the miners switch pools to reduce the size of that pool. The second option is a possibility minus the jail time (how is it illegal to accept something else as a form of payment - it's just the barter system). I'm not even going to bother with the last.

Now to answer your hypothetical - if all three happened, I'd probably just hold on to what I have and see where it goes (not much value in divesting in something that will have already hit rock bottom thanks to those factors). Bitcoins are an experiment, I'm keeping some in case - but if they become worthless overnight I won't be too greatly affected.

From experience, I would say if you have a lot of common sense you can generally avoid getting malware without having to have an antivirus. Simply have something like noscript running (to avoid random drivebys which are half the problem) and try not to download dodgy stuff (generally illegal/warez stuff has a higher chance of giving you a virus). If you're a fanatic of the latter, then you may want to consider an AV. Just go with the cheapest one that is in the top 3 of the AV's from here: www.av-test.org/en/home/

And please don't try to run multiple live AV's at the same time - they have been known to give conflicts and random errors as they may detect the other as malware and try to remove it and so fourth. Just stick to one suite and some common sense and you should be right.