A 'democratic vote' doesn't have much weight in creating successful hard forks.
Even if the majority of casual users update their client to Bitcoin900M, what use is it to them if the major merchants don't accept coins from that branch?
It's only the 'economic majority' that has this kind of weight.
But why should major merchants and stakeholders support a protocol change that devalues their savings?
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Keep your bitcoins on a 2-of-2 multisig address. Keep one key on the smartphone and the other with a loved one in your home country. As soon as you clear customs, notify your loved one to release the coins to another 1-signature address on your phone.
Should it ever come down to a legal defense, you can argue that the bitcoins are not 'imported' unless both your and your loved one cross the border together.
Tying bitcoins to another person and not simply another device is key. Most judges are not tech-savvy and don't grasp concepts like cryptography and digital signatures. However, they do grasp the concept of multiple persons having to sign an ownership transfer.
Make it easy for the judge to understand this, and the prosecution will have a hard time.
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Where are coins held while receiving wallet is offline? I'm assuming they stay in the blockchain.
'Coins' don't really exist. Only transactions and private keys exist. Metaphorically, you could say that coins are held simultaneously in the wallet AND the blockchain.
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Bei mir hat es einmal einen Monat gedauert. Das passiert normalerweise, wenn zu viele Kunden gleichzeitig von mtgox via Banküberweisung abheben. Die sind einfach überfordert.
Keine Angst, das Geld ist nicht weg. Außer Mtgox geht in den nächsten Wochen pleite, was ich für unwahrscheinlich halte.
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it is annoying as heck having to constantly update Java for fear of an exploit.
Java itself isn't a huge problem, as long as you only use Java applications that you trust. The problem is the Java browser plugin. Just disable it.
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I do all my web browsing, pdf&word file opening, etc. from inside a Virtualbox virtual machine. I recommend the same for all hot wallet users.
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Why do banks get blamed for things like "drug money laundering"?
When gangsters use Mercedes-Benz Sprinter vans for human trafficking, it's not like Mercedes gets blamed for aiding gangsters. Unless they knowingly sell a van for this purpose.
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It's okay though, because... At the time of writing, the problem seems to have been resolved and the page is up and writing. Mt. Gox is in the writing business now? That must be where all these incompetently-written articles are coming from. Perhaps they meant to say painting.
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Also, we don't have a well functioning derivatives market for bitcoin. Once that is the case, adoption as a medium of exchange will explode.
I don't see how derivatives could help. Could you elaborate? For one, merchants could hedge against the sudden sharp price drops that we have seen in the last months. As soon as a lot of merchants are doing this, it would also dampen the sharp price increases, since a fraction of speculators who expect bitcoin to rise would bet against the hedgers instead of buying bitcoin.
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It's just a disruptive, growth industry in its early penny stock stages. Penny stocks are volatile just like bitcoin. This doesn't mean they always will be.
+1 The number of users needs to stabilize first before we can have stable prices. Also, we don't have a well functioning derivatives market for bitcoin. Once that is the case, adoption as a medium of exchange will explode.
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Either Western Union embraces cryptocurrencies or it goes bankrupt in 5-10 years.
Western Union is roughly in the same position now as Blockbuster was in 10 years ago. The fact that Blockbuster failed to embrace the Internet early on, even though the warning signs were crystal clear, was their downfall. Western Union, take heed.
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1) much faster transaction times, much much faster
That advantage is largely illusory. Transaction times are not faster. Only Confirmation time is faster. However, it's not the number of confirmations that matters for double spending protection. It's the cumulative difficulty of confirmations. If you decrease the time between confirmations by a factor of 4, you need 4 times as many confirmations for the same double spending security. The only situation where Litecoin offers a speed advantage is a high trust scenario where merchants only require 1 confirmation for minimal security, and where the security provided by 1 confirmation greatly exceeds the security they require, but at the same time 0 confirmations is not secure enough. Such situations are rare. As for the slow confirmation times of zero fee transactions, Litecoin would suffer from the same problem if it had similar volumes to Bitcoin. 2) litecoins are not nearly as concentrated in such a few hands as far as i can tell from my short research.
Doesn't bother me. I think that people like Satoshi, Gavin, and Mike Hearn deserve every penny of their wealth. Litecoiners are profiting from their work. 3) harder to mine litecoins with ASICS (never say never, it will one day be done, but they will be slower ASICS compared to bitcoin), therefore mining should hopefully stay more distributed to the general public instead of a few heavy hitters.
I agree, but this is both an advantage and disadvantage. Too centralized, and mining can be corrupted by monopolies. Too democratic, and mining can be corrupted by social engineering. I'm not sure whether Bitcoin, Litecoin, or ppcoin strikes the right balance.
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Unless a teenager is a programmer, he won't give a shit about bitcoin.
THERE I SAY IT!
pffff, young kids these days...
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I will reply with a few quotes from David J.C. MacKay’s book Sustainable Energy – Without the Hot Air: Have no illusions. To achieve our goal of getting off fossil fuels, these reductions in demand and increases in supply must be big. Don’t be distracted by the myth that “every little helps.” If everyone does a little, we’ll achieve only a little. We must do a lot. What’s required are big changes in demand and in supply This “if-everyone” multiplying machine is just a way of making something small sound big The mantra “Little changes can make a big difference” is bunkum, when applied to climate change and power.
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Was kann ich mit Namecoins machen bzw. wie sichere ich diese ?
Danke für eure antworten .
Am besten hier fragen: http://dot-bit.org/forum/
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XRP sind eher als Briefmarken gedacht als als Währung und werden zentral ausgegeben. Nicht wundern wenn das Investment in die Hose geht!
Sie werden nicht zentral ausgegeben. Alle XRP die jemals existieren werden, wurden durch schon durch das Protokoll ausgegeben – mehrheitlich an Opencoin. Aber nicht einmal Opencoin ist in der Lage, neue XRP zu schaffen. Die Tatsache, dass die große Mehrheit der XRP einer einzigen Firma gehört, bedeutet natürlich, dass diese Firma den Kurs sehr leicht zum Einstürzen bringen kann. Als Investment würde ich es deshalb auch nicht empfehlen.
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Ich verkaufe dir gerne 300 XRP um 0,015 BTC. 20,000 XRP/BTC entspricht dem aktuellen Kurs bei Bitstamp.
Wenn du mit diesem Angebot einverstanden bist, schicke bitte 0,015 BTC an meine Forums-Adresse: 1E8ydXZKFLG6zHdcZoRjRT4m4AYgYYjyAi
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I bet that when Ripple becomes successful, Krugman will just come up with some other excuse about why it's bad, since he won't be able to use the "wasted energy" excuse.
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super, und wo finde ich diesen Martkplatz ?
zB hier im Forum oder bei bitcoin-otc.com
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