Depends.  The miners run software.  You could determine the miner's IP address and generalize the geolocation from there.  If you wanted to be a part of the transaction rewards, you would have to let your location be known.  You could use Tor, but you would then be sharing transactions with other people who are also using Tor.  I don't think the vast majority are using Tor anyway.  Geolocation would reward those who want to claim an area of transaction fees.

But you don't have to do this.  You can make the software do anything you want.  Perhaps you would use it as a distributed web server.  You can post your page on the public server, and pay for it.  Or you can have your own miner, which would provide the added benefit of not charging you for posting your page. 

If you use your imagination, you can think of various ways that the software could be modified to provide a benefit that would make ordinary people want to run a miner, which would break up the centralization.

I think to make mining work for the individual and to decentralize it, you would need to have the miner process provide a different benefit.  For instance (And this is just an example) the miner would gain all the transaction fees that happened in their geographic area.  So, if I'm the only person in Sacramento running a miner, I would gain all the transaction fees from all the transactions from the region up to the next closest miner.  This would cause it to decentralize, and continue to provide financial incentive.

But, you could poke holes in this.  The point is, you could design something outside of the current model to make it worthwhile to run a miner on the outside, if the miner provided something additional. 

The problem is centralization.  See https://bitcointalk.org/index.php?topic=1319681.0

For sure, the company with the most efficient miner is going to stay in the game so long as it is profitable.  However, that profit margin will be too thin to continue the arms race of spending millions on next generation miners.  One company will win with the most efficient hardware and lowest power cost.  Centralization is inevitable. 

The entire Bitcoin economy was fostered on the backs of miners who profit from the creation of coins.  If the coins are profitable, financially backed enterprises will adopt it and mine it, taking a greater share of the profits until it is no longer profitable to do so.

I think the halving is supposed to help prevent this.  While there is thought that the price of Bitcoin will increase when it halves, it likely won't just double in value.  Primarily because there are whales in the harbor waiting to dump coins when the value reaches some threshold that they've agreed to with their investors.  That's my guess anyway.  But such a reduction on the thin margins that Bitcoin is earning miners currently will result in more than a few major organizations to switch off their mines.  Something I believe Bitmain is seeing as well, and so they are now diversifying into alternative technologies.

I disagree.  Satoshi would reveal himself in order to gain prestige and earn money speaking on the topic of cryptocurrency.  News media alone would pay to book him on shows and he'd get a book deal, maybe a motion picture deal. 

That being said, it seems unlikely that anyone who still has the keys would leave that much money sitting there.  There is this weird idea that Satoshi must be altruistic to just leave that money there for the benefit of Bitcoin is silly.    He could spend that money supporting Bitcoin endeavors and showing the good that Bitcoin can do, by donating to charity, for instance. 

it is my belief, he probably lost the keys and can't get at the money.

Those million coins is the reason people want to know who Satoshi is, and if he still has the keys.  Because the person that does can sink the market by mass dumping of coins.  On the flip side, if those coins are lost forever, then the market could react positively knowing that they will never show up to dilute the value of the market.  (Effectively making each coin worth more because of it.)

CSR may be Satoshi.  But until someone provides cryptographic proof that they control the keys, then there is no Satoshi.  We're all Satoshi without the keys. 

His Mom probably switched off the computer that had the keys on an unsaved document, so she could plug-in the vacuum cleaner.

He probably believes he's Satoshi.  Delusional.  The guy is facing a huge tax scam problem in Australia.  If he had Satoshi's money, he would have used it to stay out of trouble.  He's repeatedly done scammy things to make himself look like Satoshi.  He wants to feel important and have people respect him for making Bitcoin, because his real life is a failure and a con.

I think the real Satoshi, whoever he is, lost the keys to all those coins.  Rather than admit it, he just stays silent.  He doesn't want the world calling him an idiot for the rest of his life.

Going off memory here.  You use the one address for everything, as the Counterwallet accepts it, and adds it to the list.

If it isn't showing up, somewhere there is a thing to search for missing coins or transactions on Counterwallet, but I believe that was for when they made some kind of change to the wallet in the past.  You can also contact the Exchange or CW for help in tracking your transaction.

Fiat isn't perfect, but we've been using it or some version of it forever.  Flaws don't mean people can't use it. 

TPTB is trying to figure out how to make the perfect currency that can never be centralized, and under his "genius" all cryptos are flawed.  Except the imaginary one he's going to come up with one of these days when he's not arguing with everyone about why he is right and they are wrong.  Reality though, is that there probably is no perfect crypto currency, and that we will likely continue to evolve the currencies (and ledgers) to better suit the needs and real world practices of their use.  TPTB warns that all current methods are flawed.  That the mining will centralize due to financial incentive, and create the dishonest miner who will reap the most reward.  However, today's miner has a financial incentive not to do these things, because the value of Bitcoin (Or Anycoin) would quickly become zero.  Not to mention, not everyone is an asshole.  Community can do things for reasons other than being selfish.  TPTB would probably think that Open Source should fail because it has no financial incentive, and that the software that earns money is going to be the better product because it generates profit.  You can find many real world examples of why that isn't true.  The Bitcoin community can keep it honest or it will fall apart.  Meanwhile, we'll wait for the perfect currency from TPTB to appear.

  You have your original wallet seed, right?  Which is your password.  You have that right?   Old Seed.

  Then you made a new wallet, in the new wallet, right?  They gave you another password/seed.   You have that right?  New Seed.


Follow the rest of the instructions above.  That said, it only appears to show the transactions that have taken place, the actual funds in the wallet don't appear to come over, not sure why that is.

You have two seeds.  New seed and old seed.

Choose the option to Load Seed.

Input the old seed.

Then you are prompted for the password.

Input the new seed.

While waiting for the blockchain to catch up, do some exercises.  I suggest some jumping jacks.

This is explained in the SIA FAQ.  You don't need to back-up your wallet.  The password is your wallet.  If you keep the password, went to another PC and installed SIA, the password would provide you with a copy of your wallet information.  Just keep your password in a safe place, and you're all set.

The surprise is that the market won't really open again at the end of 48hours.  /s

Nobody is going to buy this.  I can't understand what runs through their head, but it's totally insane.

Depends on how long it takes to find a block.  If they find a block fast, you earn more over time, if it takes awhile, you earn less over time.  It averages out in the end...

Fraud vs Theft.  If you can "prove" theft, you can get the law in the U.S. to go after whoever stole from you.  But if it's Fraud, "You paid for something, and it didn't perform" you're pretty-much on your own.  Fraud never gets punished substantially, so nobody bothers to enforce it.  Buyer beware...   

He probably lost the keys and doesn't want to admit that, because everybody would call him dummy.  So he stays hidden to avoid life long embarrassment.

I received the same thing, and explained the problem with that with the investigating officer.

I would suggest everyone who has been robbed by Black Arrow contact them and explain your situation and what happened to you, so they get enough witness statements and evidence to further their investigation.



Dear Sir,

      The director of 'Black Arrow Ltd' is located for enquiry.  After enquiry, he is willing to deliver the product to you but refuse to refund.
If you accept to receive the product, you could contact the company by email directly or inform to the director to contact you by me.

2.    Please feel free to contact me by email
mkdist-dcs-1-office@police.gov.hk.


Best Regards,

DPC 1196 Mr. TANG
District Crime Squad Team 1
Mong Kok District
Hong Kong Police

I got the email the same day I posted it.  So perhaps curtailed just means that they are still searching for him.

I believe this is pretty generic.  You can send him your witness statement and information if you have it.  I know of other people who received the same email.  They are looking for everyone's info that were frauded and have the proof that is being asked for.