They've never did provide any guarantee.

About the digital cash part, I think that's debatable. The fact that people are used to transfer cash instantly, doesn't mean that any kind of cash have to do this. Bitcoin, by design, makes you wait for confirmations. Even if this "flaw" (as you seem to see it) would not exist, even then you would not be able to pay with Bitcoin at the grocery store (just imagine how big the queue would get!)

You can still pay with Bitcoin, however, for your plane ticket, for your vacation, for whatever you are shopping online. It still fits to the P2P digital cash use case and one can properly wait for the proper number of confirmations. And for the grocery store, .. we need something added to Bitcoin. Maybe LN, maybe something else.

And I'm not panicked at all, nice try to twist my words. Only newbies with insufficient knowledge can get panicked by all this ... story.

There's BCash and there's BSV. Two scam fork-based shitcoins done from second 1 against Bitcoin.
We allowed them grow and now we see the results.
Unfortunately most cared of getting extra money than thinking seriously to boycott them both from the start...


I guess that it would be nice to get everybody on social media, support, whatever ask those exchanges prove they have a spine and delist at least BSV.

If you would be a newbie, I'd understand this post. But anyone long enough around should know that most services need 3 confirmations (some years ago it was 6) and anyone knows that orphaned blocks do happen.
Also a replaceable transaction, one on which RBF can be made, has a special flag, allowing the recipient get warned to be more careful (yes, a proper wallet shows that)

But it's easier to panic and spread panic than read and learn...

I'll explain you like you're five:
When you start doing anything, but really anything, you have to start with the start. In investing, the start is learning the basic rules.
I am shocked that you pose as legendary that was here in 2017 (2013?!) and you don't know them. You'd better start an account according to your knowledge instead of using a hacked/bought one.

The rules you've "missed":
* never invest money you don't afford to lose
* never follow advises from random people, especially over internet
* do your own research before investing into anything

Also always keep in mind that nobody can predict the future.

1. Since you know that it's a false article, please don't back-link to it. For now you are doing the opposite of what Andreas Antonopoulos wrote:


2. The dump/correction has started long ago. This latest 4k is most probably not that much related to this news. I mean that if people would have dumped because of this, the price would have gone down by 10-20k (!). Of course, that means that it would have been a problem for real there.

That's correct.
Bitcoin needs internet. Poor people will most probably have no internet and/or no proper devices to access it (even seldomly from free hotspots).
Bitcoin has pretty big fees. And it's not necessarily the tx fees here. It's the costs imposed by the centralized exchanges (and the average Joe will most probably use those).
Bitcoin it quite heavily tech oriented. Poor people most probably don't have the education+skills combination to understand it, hence will either avoid it, either lose it.

All in all I think that the number of poor actually helped by Bitcoin is too small to count.
The middle class can already work for it. The upper middle class may already invest into it. But the poor? No. For them it's unfortunately pretty much out of reach.

It was already touched 1h ago, so you have quite a good chance to lose this.

1. You should have started your own thread for this.
2. You don't have to start Electrum to deposit money "into it". Electrum only handles the keys to your coins, the coins are not in Electrum, they're on the "network".
3. I see other ways too to steal your coins:
* seed stored in mail, cloud or other unsafe places, including your desktop; also is it you who has generated the seed?
* other malicious software accessing files your Electrum or iPhone or Mac may have not been deleting (I don't know if/how possible that is on iOS though)
Of course, malicious wallet is also a possibility.

I recommend you save/print a seed instead of private key. A list of English words is easier to write down than a "random" list of characters.

Also I recommend you do some reading in 2 recent threads: PAPER WALLET and Please critique my paper-wallet creation steps, since they also cover the topic of creating this safely, since a paper wallet is basically losing its purpose if it's not created safely.

Actually I think that the purists will also be happy to see less Bitcoin at exchanges. You know, "not your keys, not your coins", although we may have just traded apples for oranges, in a way or another. But as long as they don't start some fractional reserve banking based on this we are good.

About "what it was created for", I beg to differ. During years the stronger currencies (especially USD) were used in many countries as investment against local currencies' inflation. Bitcoin is just the strongest currency now (and for some while still a great investment). This is so much visible only because of the finite supply of Bitcoin, but as long as there are still people working for Bitcoin and paying with Bitcoin we are still good.

After I manage to make it work 100% for what I primarily need I hope that I'll also get (slowly) to use it as cloud storage and maybe Bitcoin node + Electrum server, but for that I'll have to learn what HDD I need and how to link it to the Pi. (For media I have an old NAS that still does the job fine.)
But I'm far from all this.


As an update: the printer needed a visit to the service, also I needed a better tutorial on how to use it from Windows. Now Pi works just fine as print server.
As scanner I didn't invest yet more time in making it work, but I hope that I'll do that too someday.

I've tested RetroPi, but I was not impressed. I've struggled a lot with the controller setup, I made some of the games work, but I still couldn't make the PS3 controller get recognized in the ZXSpectrum games (and I miss Chuckie Egg, River Raid, Sai Combat...)


My overall sentiment on the Pi now is that it can be made to work as desired, but it's hard to configure and since I don't have Nix background I may not search for info in the right places and I may lack the availability to get and compile this and that 100 times until I find the one that works.

Thank you all for the help/inputs. I'll lock the thread now.

Aren't the same sources telling that ToR and also Bitcoin were created by NSA?
"Follow the money" always lead ultimately to the same source = those who are printing them  

People seem to love conspiracy theories and spreading them without any proof. I personally I'm sick and tired of them.

---

Now on topic: Tails may be OK and easier since it has Electrum. But I think that for OP case a hardware wallet may be less insecure, although even then I'd bring my own verified Electrum too...

Actually afaik you don't have to do anything, the coffee will get paid later, since at least the pool mining the winning block and also those declaring it as winner block (!) still have it in the mempool.
Then it was said many times that the "good" number of confirmations depends on the service and the amount transacted (1 conf is OK for a coffee, but not for 1000$). Most services I've encountered need at least 3 confirmations. And that's because this kind of splits are not that uncommon.

The fact that the main chain is not great for "payment at the grocery store" is related to the waiting time, which can be big even if we take only the first confirmation (just imagine waiting in the queue because there was no block for 25 minutes).

About the question which services being affected ... I guess that it's the only one where the initial transaction was sent from the double spend, if it was indeed a double spend.

I advise against old-fashion paper wallet i.e. private key+address. At least a seed should be easier to handle.
If OP understands tech, I think that most valid ides are already in this thread: Please critique my paper-wallet creation steps
If OP doesn't understand what's explained in that thread, I recommend considering a hardware wallet.


All honest paper wallet generators offer the option to download and run locally. Of course, just running it locally is not enough, it should be offline and also all traces should be removed before going online.
Although it's a seed generator and you have to understand what you are doing, I'd use https://iancoleman.io/bip39/ or actually I'd copy https://github.com/iancoleman/bip39 ...

I am not sure what would you expect.
Bull run also means increased awareness. A lot of new people will then come here.

Some will promote low quality projects and plain scams.
Some will come asking the same questions over and over again.
Some will join bounties and will spam this forum and all possible social media for some extra cents.
Some will come to troll and spread FUD.

Unfortunately many people that come here have their own agenda and learning and being useful may not be part of that.

Isn't it like that everywhere on this world? And we aren't really searching for another planet because of this

Actually the only valid point behind keeping BTC as main unit in discussions/display would be to avoid overly confusing the newbies/newcomers.
Changing to a smaller unit would now be welcome ("nice to have"), but after current bull run/bubble/cycle it may become necessary because of the price impact, no matter who is saying what.
Just I'd prefer to have some sort of agreement and in a quite short (previously decided) time frame the major exchanges, wallets, services "migrate" to the new unit, to help avoid confusion.

I think that I was using its brother weselldoge? Or was it this same website? It was once or twice to clear up some funds lying around on my PayPal.
But that link only goes to an image, nothing to be paranoid about. Just on the image the URL is not visible (what an advertising, lol!) and I don't remember if it was .com, .net, or whatever... hence I couldn't access it.

Are there so much hash rate in North America? I don't know. However, that 8% you're telling is already more than I expected.

I think that (unfortunately) tainted coins will have less pools at hand which at some point will start to translate at least into higher fees.
Not a great future, but yeah... Bitcoin was never great for illegal stuff.

What bothers me the most (too) is that they are starting an unwanted trend of discretionary picking of transactions. They say they'll filter out what they consider illegal, and normally that would not bother me (drug dealers and crooked politicians should burn in hell) but it's up to .. whom to decide which is illegal? Are they also the court and the judge in all this? That's not normal. That leads the way to filter out tomorrow coins from whatever exchange that doesn't join an union, or from China because.. China, then ... then ... then ...

That was meant to be the Scenario 1. But I agree, I could have explained it better.
Thank you for emphasizing and detailing that part.

That's correct.
Also the more the regulations, the more credible and accessible they make crypto for the average Joe (who will use regulated/centralized tools at first and maybe decentralized later).
This means that "Bitcoin is illegal money" narrative will not catch any longer and the masses will get to discover it.

So I cannot agree more. It's an excellent news.