Why not invests in a UNIQUE idea you have, which is about bitcoin also ?
Or, you can buy bitcoins now, hold them, and then sell them for high price.
And what happen if bitcoin keeps dropping ? Then you would lose money, like what would happen with any other investment |
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LOL! They're not accepting Bitcoin. They're redirecting 'coiners to a shady site that will then send Expedia USD! Too. Funny.
That is no different that what most other merchants do behind the scenes to accept bitcoin So then why multiple threads each time some company says, "Sure, we'll take money in the form of USD... go to this shady company who will give us our USD that we accept as payment." I would not consider the exchange provider that expecia is using (I think it is bitpay) to be shady. The point of companies accepting bitcoin is that it gets more consumers to use bitcoin |
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Hello,
Is there any Silk road site right now on the internet which is real and not scam? If so can you help me register and use it? Never used tor browser before, is there any specific thing to know when using Tor? I will appreciate any help.
Thanks!
PS also not sure if here is the place to ask...
I honestly don't care what you put in your body but I would keep stuff like this out of this forum. This is indeed what gives Bitcoin a bad name. Not only what you put on this forum, but what you use bitcoin to purchase Drugs are also bought with cash, but I suppose with cash it's more out of sight than with bitcoin. That is true but illegal drugs and other nefarious drugs are associated with bitcoin in a way that give people a bad image of what bitcoin is used for. |
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If you had posted with your BTC address then you can sign a message with that address and thermos can reset your password for you
Can't. It was an address generated @ Cryptsy so I can't sign it. I offered to send a small transaction from that address to prove it was me, but never heard back. No big deal at this point though. I've got the new account, I've been posting under the new account. May as well keep the new account  I did use a different BTC address this time though - one that I can sign a message with if need be. Cheers, Cynthia You may be able to contact cryptsy to see if they can give you access to the private key in question if you still have access to that account. Or they could possibly sign a message for you. It would be a long shot but you don't have anything other then time to lose |
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what are Scrypt rigs
Scrypt is a different algo that is used by alt-coins (LTC is a major one). It is significantly inferior to SHA-256If you are talking about the two hash functions, I don't see how sha256 is superior and scrypt is significantly inferior. The reason I would consider SHA256 to be superior as of now would be due to the network size. The bitcoin network (uses SHA) is many times larger then the LTC network (uses scrypt) and is thus more secure. Granted this is only true as of now and is subject to change. That is just my non-technical cents/explination |
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The most secure way to gain from having bitcoins, with no risk at all is to lend them on bitfinex.com.
Use the code 5l4wLVc4LW when making a new account for a 10% discount on all fees.
Do you have a guide on the lending process? The website is confusing with all the investing jargon. It is impossible to not have any risk if you are lending. |
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Have purchased/sold ~35GH worth of cloud mining on ghash.io over the past several months and aside from the occassional pool-related issue(s) never had any problems. *Did I earn any real profit? Nope, matter of fact I ended up losing money but it was a valuable learning experience Cloud mining will almost never earn you a profit. Cex has put a stop to this, but you used to be able to buy GH/s then place an order to sell right away, and you would earn whatever it mined until it sold (they now charge a trading fee) Haha, looks like that I'm the exception, since I bought some FHM, and if I sell them now, I actually do profit. You can still trade GH/s for a profit, it is just that the market needs to move in your favor a little bit before doing so No, you cannot, since the price on cex doesn't change much, and there are now trading fees. It would need to change by .4% in your favor in order to profit off of price alone. You would also keep any mining rewards that the GH/s earned while you held the GHs |
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We STRONGLY agree that no Bitcoin user should fully trust a single entity that they will not harm and manipulate users’ funds and assets, and we will soon present a valid solution to the “Achilles heel “ problem of Bitcoin, and will start an open dialogue with other pool owners to impose this solution. Wow, I feel much better now. I can't wait for the pool operators to become the dirty dozen and begin "imposing solutions" on Bitcoin. Time to go all in. o_O I don't see your quote in that article. |
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We need a usable p2pool software so that everyone starts mining. It's the only way, we need decentralized mining. We need it easy to install & configure, clean and with intuitive gui.
I don't agree on the GUI part. No serious IT infrastructure would trust a GUI. What's actually needed is that current dominant mining applications (bfgminer, cgminer) incorporate p2p component. That would bring p2p usage to new heights. Some people that have money to invest in miners are less technically inclined and might not be comfortable using a program that only uses "command lines" |
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I haven't been paying to the whole "cloud hashing" thing, but it seems to me a great cover for an old-fashioned Ponzi scheme.
1. Take investors BTC, "buy" gigahashes of mining.
2. Pay them back for a while using new investor's BTC.
3. Once you've got enough investors, take the BTC and run.
(maybe claim "oops, sorry, got hacked")
I'm not saying CEX.IO is a tarted-up Ponzi scheme. I have no idea.
I'm just asking how everybody who is giving them money knows that they aren't a Ponzi. Or aren't selling the same hardware twice or three times, operating a kind of 'fractional reserve' system (that will eventually fall apart).
Excuse me in advance if this has been discussed and I'm just missing something (e.g. a variation on Greg Maxwell's exchange auditing scheme might work: e.g. "they publish all the blocks found and an auditable merkle tree of all customers and how much hashing power each has").
They wouldn't even need to use the new investor's BTC as the percentage of BTC repaid every week/month is very small. What could easily happen is: 1. Take investor's BTC to buy mining capacity 2. Use 5% of the BTC to repay investors over several weeks 3. Run away with stolen BTC Even if they are not doing this, providers are vastly overcharging for mining capacity. They usually charge separate electric charges from the original "purchase" and sell the capacity for much more then manufacturers sell to the public. For you to possibly every make a ROI on cloud hashing the rate that difficulty increases would need to decrease dramatically |
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My advice is to put your $50k in bitfinex.com and invest in lending, the interest rate now is 0.25% a day.
So for $50k that is $125 daily interest, then buy bitcoin with your interest.
Good strategy. Just make sure to pay news to bitfinex from time to time in case they try to gox depositors. You can make a lot more if you were lending on these forms. |
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In the early days of bitcoin mining, i actualy backed up wallet.h from bitcoin folder.
60+ BTC went poof. i learned lession the hard way also, wasnt worth much back then , but now...
Too bad none of those date restore programs could recover the real wallet.dat on hdd, coz it was overwritten by other files.
If this happened in the early days of mining it wouldn't have been worth much then and could easily have made that back in less then a day |
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Yup, a lot of businesses used to do the Satoshi Ad thing. It was pretty unprofitable, though, people tended to ignore them. You could search it up, "Just received a random Satoshi" or "blockchain ads".
I don't know if it is that unprofitable, businesses still do it You can reach 100,000,000addresses with 1BTC I think they usually only send to addresses that have unspent outputs associated with them. I think the most recent time someone tried this that it even made the news. |
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you'd hope they do it slowly.. be kinda retarded to sell 1000000 of them at once... but who knows who it is... if they can affiird ut they obviously a smart person... considering there probs rich as fark. The sell off is def going to hurt the price, just them announcing it made price drop.
The law says that they have to sell them all at once |
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And I couldn't have more respect for MIT, since bitcoin is often associated with drugs, and I could see negative media articles published about how MIT is "enabling" students to purchase illegal things...But they are smartly looking beyond that possibility.
What will likely happen is the very smart students at MIT will find net and better uses for bitcoin |
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Normally this would sound like bad news, but in this case its actually good news because this is bringing more publicity to bitcoin, and any publicity is good publicity. Even bad publicity.
This would be good news as it brings more public awareness about Bitcoin |
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PayPal is a payment processor. Bitcoin is money.
The two go together very well.
PayPal can act as a bank (safekeeping users Bitcoins) and offer the usual consumer protection (Like chaegebacks) to it's customer base. For a fee to be paiyed by the merchant.
Sorry but bitcoin is money and a payment network, which reduces the need for payment processors. But I do see your point that Pay Pal can serve a role in making bitcoin more mainstream-friendly Paypal is something that takes massive fees in the name of consumer protection. Palpay is what bitcoin is trying to overcome as it is centralized and carries massive fees. |
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Never thought there might be such a problem
It is not a problem. The chances of this happening are smaller then you could likely imagine, smaller then I can imagine. EDIT: you have a greater chance of having the same DNA of someone not related to you I can tell you with a good amount of certainty that you did not create a BTC address that belongs to someone else. |
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I will write them an email, we can only try!
If you give them a call it would be much more effective. It is very easy to send an email. It takes more time to place a call. The same is true that it is very easy to ignore an email but is not as easy to ignore a phone call. |
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This is like asking: why use Bitcoin when you can use banks? You're your own bank with Bitcoin.  I wouldn't trust a bank again. ok, but in the end u cant spend your bitcoin on everything u need, so ultimatevly you must use some sort of bank account again, Its something like chicken and the egg problem Hopefully in the near future enough merchants will accept bitcoin so this will not be an issue |
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