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So let's say I go to Bitaddress.org, do the offline thing (namely, download the HTML code, run it on an clean machine). I use the BIP38 encryption and I use a decent passphrase with a couple of special characters.
Is this good for cold storage? I would like to know because if this is good to keep Bitcoins long term, I don't really see the point of hardware wallets. I would rather trust encryption backed by a good ol piece of paper (wrapped on plastic to avoid deterioration).
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China has built an empire based on poor salaries, job exploitation, and low quality of materials. What happens when you mix that overtime? You may have a time of success, but it's destined to crumble. We are starting to see all of those non sustainable economical methods crumbling. It will be a mix of people being sick of working for nothing, and outside investors getting tired of investing on shit that's cheap.
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Er..not sure yet...too soon to tell...hoarding my BTC and LTC (both mined) looking to move the last of my LTC (when/if not sure yet) if I do so by say Jan 1st 2016 with what I expect to mine will be at around 111 BTC min to my calcs Again holding ...so if it goes tulips/beanie babies I'm screwed...if it hangs together even sideways I'm ahead 25.5% and if you count (take off elec costs from that ..so far I just have ate the electric costs and hoarded) ....from miners from 2013 till Jan 1st 2016 (13c kwh) I would be around 16% up over equip and that covered all elec costs...this is at a 3 buck LTC price or above and around 250 BTC price or above ..more or less. So all depends if crypto survives (and maybe if LTC was to completely fail before I xfer to BTC I'd be looking at 85 BTC or so say) Again BTC (and LTC in its yoshi like manner) survive .......as stated above I'm ahead......everyone decides BTC is 'evil' and goes eventually to bank sponsored crypto (Hey we are a bank trust us...they are coming imho) ..then I be screwed  What the hell..its been an interesting time since 2013 It is too soon to tell. If it all goes 'poof' ...Will be like the 'beanie baby collectors' (will be inconsolable)  Dude Bitcoin is not going 'poof'.. this just has only begun. Europe just said it acknowledges Bitcoin as currency which is huge news. Things are only getting better on a daily basis. Just keep holding your coins long term and you will be rewarded. And think twice before you dump it all for fiat, because fiat is not immortal, fiats collapse too, so don't have this sense of relief by being on fiat. |
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I don't understand why people wanted to double its bitcoins and don't want to do with dollars. I suppose that they understand that isn't possible to double its dollars magically. Why they try to do it with bitcoins? Bitcoin is money and no one can double it magically. Investments that gives more than 20% of returns in dollars are marked as volatile and high risk. In this case investments with 100% of return how will be said for dollar investments? Very very risk, provably scam? The same as bitcoin investments.
Well, crypto is a new industry, lots of possibilities out there, and it's very convenient to do investing, you can do it all without registering any data, you can send your Bitcoins in an unregulated exchange and do whatever you want. Investing in traditional stocks is very annoying compared to crypto once you know what to do. I don't think OP wants to magically double it, he is just asking for a good investment. Right now I see Maidsafe as really, really cheap, that may give you x2 in a couple of months. |
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BTC is the father of all altcoins cryptocoins, when BTC accepted world wide, some AltCoin will follow BTC wins.
Honestly some trusted company only want to accept BTC only for their payment. (for now)
FTFY. Litecoin is the father of all altcoins. -- It is nice to see that the places to spend bitcoin is broadening and we're seeing a lot of people noticing bitcoins. I just hope that these kind of moves would not be limited to just online services but rather physical stores as well. It has been proven several times now that no altcoin is going to overtake Bitcoin and no altcoin is going to give you as many gains. Sure, you can risk it and you can say "when the halving happens and the price goes up, im sure Litecoin will go up too because it's the silver of crypto". Well that is a nice gamble, but still a big gample. Honestly its best to stay 100% BTC unless feeling lucky. |
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1. Bitcoin on Mars.
"NASA is developing the capabilities needed to send humans to an asteroid by 2025 and Mars in the 2030s." One of the crew members takes a paper wallet with him (or her) to keep as an investment. Takes the idea of cold storage to a whole new level.
2. Bitcoin-Only Robots.
Autonomous Vehicles get charged up and repaired at Smart Shops (not that kind!) and pay with programmable money. Delivery drones. Smart vending machines. Natively speak Bitcoin.
thats nice dream.. but i dont see any advantage about bitcoin on mars. Well, considering that there are some one-way-only missions to mars where people live on mars for life.. if they start breeding and having kids with each other, there will be a point where they will need a currency. Well, if that point arrives where a lot of people live there, we already got that currency. |
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YES!!!
This is the biggest weakness with using Bitcoin - if the electricity goes out or you're unable to reach the blockchain, your funds are not accessible (they might as well be worth nothing).
But, Bitcoin was never designed to be a doomsday currency. It was meant to be a more fair, more efficient way to conduct current financial transactions.
This is the beauty of it, it won't need to replace fiat (nor should it) because fiat will always be necessary in emergency situations. This will help prevent the rulers of fiat currencies from meddling with Bitcoin.
You know the only currency that would work in a doomsday scenario? a 12 gauge automatic shotgun. Im sorry but if anyone expects people to start trading gold coins in the middle of a post apocalyptic doomsday scenario, I think you have too many hopes. Such a scenario is pretty sci-fi, so I don't see the worries. If electricity fails humanity failed. |
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Fungibility, the property of every unit in the system being indistinguishable & capable of mutual substitution, is an inherent feature of Bitcoin. Consider a transaction where you consolidate one tainted satoshi into an address along with 10 untainted Bitcoin. Once those inputs are combined in a single address, there is no way to distinguish the tainted satoshi from the others. If you spent each of those millions of satoshis to different addresses, there would be no way to determine which address had the tainted satoshi.
The only way you could enforce any kind of tainting logic would be to taint the address, not the satoshi. That would effectively mean that you 'tainted' 10 Bitcoin in order to track the single satoshi. If you did do that, it's likely that tainted coins would rapidly outnumber untainted coins because any tainted coins effectively infect all the clean coins they interact with. Untainted coins might command a premium, but they would almost certainly become impractically rare to treat as the only valid currency. With regards to privacy and the ability to track every known outputs & addresses it is a field rich in innovation and one can rest assured that the alternatives to spend bitcoins anonymously will only increase in number with time. Yes, you can do things to get around the fungibility in a public ledger problem, but he thing is, it's annoying as hell. I don't want to send my funds to some place, then get them back to spend them or do whatever. This should be done by default. All transactions should be like that by default. The average Joe is not going to do any of that, it's not intuitive. |
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Gambling can be great if you know anything about sports.
I knew enough about the sport, but it does not guarantee you to win big on gambling. even if you choose a big team you can lose, all about luck. I like soccer and soccer gambling does have a very high risk Gambling in every shape have big risk not only in Soccer as few minutes ago few pundits give picks of heavily favorites in Tennis but they lost badly matches against underdogs Gambling can sometimes be very solid. For example when you have an exceptional champion Mayweather, it's pretty much money in the bank every time. I always told my friends to bet on Mayweather for some easy money, they said i was crazy to do betting, but I won like 20 times (I started betting on his 29th fight until his last 49 one.) |
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OP you need a lot of reading to do. Satoshi didn't design Bitcoin in a way that it would become useless after all the coins are mined, I mean he was a pretty smart guy. So once all the supply is mined, there will still be rewards in form of fees. Even if a lot of people leave to process fees, the ones that stay will get enough reward that it is worth it. Also, consider that by the year 2140 owners of 1 BTC will be a mega elite in Bitcoin wealth, so there will be a lot of people out there with a big incentive to keep their wealth relevant, and running a node will be effortless.
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Well, I don't think minors are going to pay for porn, im sure they just watch it, I mean kids these days are being born with a smartphone on their hands. I watched some porn when I was a minor and so did all of my friends so imagine if nowadays you access to endless videos in HD with hot girls lol. I don't think they are paying anything with our without Bitcoin. I think the people that pay for porn are all adults that are fans of certain websites and want to have all the updates quick and in HD. When you are young just anything with a hot girl on it will do the job lol.
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Well all altcoins went red this days its insane,even knowing that bitcoin is getting more value these days,the pump and dump is profitable just for some .
True its all pump and dump now It is difficult to know when there is a pump and jump in before the pump and get out before the dump. That is the reason some whales will earn money. Yes. It's called single entity driven markets which is highly riskier because we need to sail same as the only one person. Otherwise we may end up in wipe out of all our funds. It's better to quit trading instead of trade in a pump and dump markets. We should not touch this kind of pump and dump markets which definitely will lead to huge losses if we invest into that particular market. They simply throws some baits to make you invest the they will sell off all their holdings to make your investments into almost zero. This is the case with like 95% of cryptos, but there is a 5% of cryptos that have a liquid market, or at least liquid enough that it doesn't end up like coins like, Auroracoin and similar, where the market just keeps shrinking forever. With coins like Monero, you can have hope that it will go up in the future, because it as developed a solid market. |
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The FED has still the keys of the money printing money that happens to be accepted all over the world. I don't see anything changes in the long term, it will take a couple QE cycles more until we see an actual impact deeper than it is now. Right now the mindless population is coping with cheap entertainment and McDonalds, but at some point things will start to get serious enough that not even that is enough to keep the people dormant.
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Online marketing is all about traffic and has nothing to do with talent. Some idiot playing minecraft or whatever videogame is trendy nowadays, may attract millions of potential buyers, which means this idiot making videos for kids will get some companies approaching him to put their link on their Youtube frontpage. Or some good looking girl with tons of followers in instagram may get some companies also interested. That pays higher than talent, unfortunately.
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and do you think that will happen in 2015 ?
Nope but I would triple down at that point Unless their was some damn convincing arguments. Nothing is going to happen in 2015, we are only pretty much 1 month away from 2016. Not enough time. The traction is very positive for the next year tho. IT will be a extremely good season for Bitcoin. I see steady growth followed with an insane bubble that will make the last ATH pale in comparation. |
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Calm down man. Poppy is Satoshi Nakamoto. He is able to twist space time. He created Bitcoin, so he can do time travel like it's nothing.
On a serious note, 1 BTC is a MUST in every 2015 investor. You are insane in the membrane if your portfolio misses the holy grail of 1 entire BTC. The higher you go beyond 1 BTC, the bigger the risk, but the bigger the reward. 10 BTC is a good figure to have for me.
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GET A JOB! Then use that money to buy bitcoin, you'll earn way more than $1 an hour. Another thing you can do is get into a signature campaign that pays you like more than $1 in BTC for an hour worth of posts.  You would need to go full time professional poster to make anything close to minimum wage unless on a third world country. It's better to just get a normal job and keep buying Bticoin monthly, stack as much as possible while it's still below 1K and hold for a decade then retire in your nice penthouse. That's what every man a brain should be doing as we speak. |
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the problem is that bitcoin in comparison to other, needs regulation much more to help the growth of its adoption and becoming bigger
and anyway bitcoin is already regulated in some area
What kind of regulations do you have on mind? Do you want bitcoin to bring in line with other payment systems? Something like adding identity information to bitcoin transactions and making it possible to blacklist funds? This would kill Bitcoin's price, people would just dump it, so it's not gonna happen. The devs know it that's, and stuff like confidential transaction are being developed so expect a Bitcoin that only gets harder and harder to track down as time passes. Thought luck for the regulators out there. |
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I think ransom ware has only begun. IT will be a bigger and bigger "industry" as cryptocurrencies become more and more mainstream and more people use it. Of course, one would assume that at the same time antiviruses and in general people's knowledge would get better to avoid getting this kind of scam going on. You might as well ban the internet because the underlying protocol that allows for the "Drugs, Fraud, Porn, Gambling, Murder, Sex and now Ransom" so this is a no-argument against Bitcoin.
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I want to play devil's advocate on this.
This is misleading at best. It dose not take into consideration fees the sender might have to pay to get into the blockchain when dealing with a large number of inputs.
Not all transactions are free nor should they be, fees will go up over time as the block reward is reduced.
Nor dose it take into consideration the time it takes to set up and verify an account with a 3rd party money transmitter (exchange) or the fees those 3rd parties charge for their services.
It dose not take into consideration the chance of said exchanges going belly up or getting hacked, this chance is low but its higher then zero.
People need to stop thinking of Bitcoin as a service and more like a tool.
Currently it is VERY hard to buy bitcoins at a fair market price with low fees. The difficulty of buying bitcoin especially for a new avid user is time consuming and costly.
And finally if were being truly honest with ourselves in most cases the bitcoins will be converted back into cash on the other side and require more 3rd parties taking a cut.
Currently its still faster and cheaper to use Western Union when sending small amounts of money, say... $50; prove me wrong.
What ever the ultimate price is, its sure as hell not one cent.
Im not sure about that. Western Union fees can be pretty scammy. Sure you can get screwed while converting fiat to Bitcoin, but ideally you would just get on Bitcoin in the future, then its a whole new game. Once you get the money directly in Bitcoin, there just no chearper way to move money arond the planet. It's the fiat to Bitcoin conversion what keeps us lagging behind. |
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