The only other explanation would be if he only had one wallet from the early days (I find this implausable for someone developing the very fist blockchain coin with testnets and then production testing etc) and had inadvertently lost/forgotten the passphrase.
The original wallet implementation did not have a passphrase (in fact that wasn't added until after Satoshi had disappeared from memory). Ah! Would that wallet.dat work with the latest iteration of Bitcoin Core or at least be able to 'upgrade' so it could using progressive versions of the core? Also if Wright has all of Kleiman's BTC stuff on a pen drive then this still further cast into doubt not only Wright's claims but also those claiming that Kleiman was 'Satoshi'.
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You need to remember that Craig Wright has never claimed he is Satoshi Nakamoto.
I get that he may have been in a very small team who chose to collectively call themselves Satoshi Nakamoto. However David Kleiman did not die extremely suddenly - it is hard to believe that he would not have passed on pass phrases to either trusted members of his close family or even trusted close team members of the Nakamoto team and instead chose to kill his $millions of pounds worth of BTC from the early mining days. The only other explanation would be if he only had one wallet from the early days (I find this implausable for someone developing the very fist blockchain coin with testnets and then production testing etc) and had inadvertently lost/forgotten the passphrase. Even if this unlikely scenario were true - The BBC and The Economist are not tabloid rags. They would not print stories stating that Craig Wright is Satoshi Nakamoto if he was merely claiming to be part of the original core team who mined the first BTC genesis block on the production network. This leaves us with two possible scenarios; 1: Craig Wright is a disingenuous Walter Mitty type with ambitions to 'take over' the future direction of BTC. 2: Craig Wright was nobbled during the period of the raids on his house and given no option by the authorities except to stand as the 'head' of BTC and do their bidding. Unfortunately for the authorities he was not close enough to the original core team to have the tools at his disposal to 'prove' his case. All in my humble opinion, of course!
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People shouldn't equate distributed with anonymity or privacy. In fact BitCoin transactions are meant to be available for scrutiny to anyone running core anywhere on the network.
As for Cryptonote - it has been around long enough and disperate teams have been peer reviewing it long enough to be as trustworthy as any other cryptocurrency around.
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Have I missed a major one?
I'd say Cryptonotes Bytecoin Monero Boolberry DigitalNote and possibly DASH and vCash could be considered NextGens
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Monero - good security and community support
Ethereum - seems to have strong support
Factom - fairly new had a strong start this year
Ripple - 3rd largest market cap just behind Ethereum
Dodge, MaidSafe, NXT, BitShares, Dash and etc
So out of all the competing altcoins which ones do you guys think has the greatest potential this year, and also which one in the long term?
None of the above. Especially the ludicrous 'scripts on a blockchain' type coins that absolutely cannot scale with present or reasonably forseable future. Ripple may break out as a contender for a Paypal type offering but it is not a distributed decentralised system so doesn't really count in this context. What do you guys see for the future of Bitcoin and do you think Bitcoin has a likely possibility of being replaced by one of the altcoins mentioned above?
The only future I see for Bitcoin is if they scale the transaction processing infrastructure AND go POS - otherwise it's future is effectively as a centralised store of wealth only. I see POS coins generally doing very well by the end of 2016 with at least 5 in the top 10. Some may be new with compelling new features and possibilities.
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Don't they understand the browser is dying along with the desktop!
Browsers aren't dying - they are wrapped in thin apps.
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what happens to Bitcoin if internet goes down?
No doubt the two Chinese guys that do most of the the mining have a private leased line or two. So nothing, apart from a temporary cessation of general transactions until the internet comes back. Failing that the bigger chinese guy gets to 'own' the blocks produced during the glitch.
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Proof of Stake Ambercoin Rate of return 7% per year ,Dev AmberCoinDev BitBean Fixed rate of return 1000 per block , Dev TeamBean Blackcoin Rate of return 1% per year ,Dev Rat4 Bottlecaps Rate of return 200% per year, ,Dev Tranz Diamond Rate of return 25% per year, , Dev Danbi HoboNickels Rate of return 2% every 10 Day, ,Dev Tranz Kobocoin Rate of return 10% per year, ,Dev TheTribesman Mintcoin Rate of return 10%, drop down to 5% in 2017 , Dev Fuzzbawls Netcoin Rate of return 20% per year, Noblecoin Rate of return 8% per year, , Dev EagleFlies PhilosopherStone Rate of return ~50% per year , No Dev at the moment Supercoin Rate set to drop to 5% per year soon, but has Anon feature , Dev Griffin Tekcoin Rate of return ~20% a month depending on difficulty , Dev Noise23
I would add Piggy Coin to that list - Rate of return 3% per year - 4 hour stake , Devs Neurocic, Mo Green https://bitcointalk.org/index.php?topic=633803Thanks for the handy list - even though I expect most POS heads are already aware! ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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You might want to try Hyperstake as well - staking after 8 days, and the price holds up surprisingly well.
Oooh 8 days - not as long as some but patience isn't one of my strong points! What is the stake reward % Here's the hyperstake thread https://bitcointalk.org/index.php?topic=678849.0Stake reward is quite high if you get the coin management right - there's lots of discussion about this in the thread Interesting! Thanks for the link.
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Even unpatched Windows can be safe behind a router's firewall, as the hacker can not get direct access to your ports.
Unfortunately this is not quite accurate. If you hit a webpage crafted appropriately your machine can easily be compromised. Same if you download a torrent or anyother download that turns out to be a trojan. Unpatched makes it all the more likely the exploit will work. Even if the incusion isn't followed up by the original hacker it can leave a route through the NAT to be harvested by someone else.
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You might want to try Hyperstake as well - staking after 8 days, and the price holds up surprisingly well.
Oooh 8 days - not as long as some but patience isn't one of my strong points! What is the stake reward %
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You can try Energycoin. It's cheap, staking after one day, and there are some development and community support. You can get some on Bittrex.
Thanks! Looks nice. I might have to get another Raspberry PI and run this off solar! Do you know what the stake reward is? It's not obvious from the ANN thread.
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Also, this is for Raspbian OS, right? ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Absolutely - however I think this would apply equally to any Debian E.g. Ubuntu
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I'll get started on the same. Will reply if I have any additional questions. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Thanks Cool! Another Pi staker dude! I will edit my 1st reply if you have any comments or suggestions! Also if you go with another coin I can update also - after all this is a general POS thread not a PIGGY specific one! I did try Hobo back in the day - and found it quite troublesome. I can't remember why but I think it was a 512KB single core so that might explain. I do remember that the compile for PIGGY took at least 15 minutes - maybe longer!
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Thanks for your reply. Is it possible to get a GUI wallet? ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) [/quote] Yes. The above will also give you a GUI wallet that lives in the main directory (Ie. not in the src directory). I just assumed you would want to leave the PI headless somewhere, like me on top of a refridgerator, to just quietly stake and just ssh into it on the command line. You can just double click on the gui QT executable in your file manager. (You may have to make it an executable in properties). You can also use the wallet.dat with a Windows gui wallet to check on your progress! It won't try to stake if you don't unlock the wallet - it will just show you what the daemon is getting up to. This is true of most POS coins, not just PIGGY. However PIGGY coins mature for staking in hours not days or weeks like some - a little less frustrating! ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Just to clarify - I did this on a quad 1GB Pi - I have not tried this on the old 512kb single core - although I used to mine BTC on one of these as a controller!
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I would like to play a bit with a POS coin. It should be cheap to do POS mining. Can you recommend a coin? I started with getting ZEIT, but it obviously it takes some Zeit before POS mining is possible.
Thanks
There are a few POS coins. PIGGY stakes in 4 hours or so - a bit less frustrating waiting for your coins to mature! ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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I am staking PIGGY nicely on my Pi. It's easy. Just choose your POS coin. Then...... Do a "sudo apt-get update" and then "sudo apt-get upgrade"(If you haven't got GIT then get it! Eg. "sudo apt-get install git-core") Clone from GIT. Eg. "git clone https://github.com/piggycoin/newpiggycoin.git"Get all the good stuff. Eg. "sudo apt-get install build-essential libssl-dev libdb5.1++-dev libboost-all-dev libqrencode-dev libminiupnpc-dev"Compile. Eg. "cd newpiggycoin" and then "cd src" then "qmake USE_UPNP=0 USE_IPV6=1 USE_QRCODE=1 && make"Run as a Daemon. Eg. "./newpiggycoind -daemon"Encrypt Wallet Eg. "./newpiggycoind encryptwallet YOURPASSPHRASE"Unlock wallet for a long time for mining only. Eg. "./newpiggycoind walletpassphrase YOURPASSPHRASE 31536000 true"Watch the coins roll in! Don't lose your pass phrase! As long as "staking" : true your coins will mature and start staking. Eg. Check your balance "./newpiggycoind getbalance" Check that the coin is staking. "./newpiggycoind getstakinginfo" Make sure "staking" : True Don't forget to "./newpiggycoind stop" before you "sudo shutdown -h now" POS coins like PIGGY are doing really well these days!
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