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When you are experiencing the sluggish mouse, that's because you're hashing at the maximum rate (it is using your video, which causes that to happen). When you aren't experiencing that, you're only using part of the power.
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+1 for the trusted lottery! If you use CoinFaucets you can make it even easier to be sure you hit the lottery every 30 minutes for maximum chances of winning! |
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Nice site. I actualy like it a lot more than cointube.
absolutely much better than cointube, more usable and paying multiple amounts of btc! I haven't even seen any videos on CoinTube in over a week. It's always showing no videos available for me. |
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So what we would experience is a drop (in your scenario a pretty large one I think), followed by a slow incline.
That's what I think, too. Which is why I think this period of time (the coming of the ASIC's) is the moment of truth for BTC. If there was one mistake made in design, it was in choosing a crypto algorithm that was "too easy" in the sense of chip processes. Keep in mind though that BTC is over 4 years old. So it's taken 4 years to get ASIC's and such created. I think in the next few years Scrypt will also be ASIC'd. |
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Hmm? Flash works fine on Ubuntu... never had an issue in the past.
Ubuntu is a Debian derivative, maybe like Debian it has built in handling for it. I did yum search gnash and found it. so i installed it and restarted firefox but still that youtube page insisted i need a plugin that i do not have. looking more closely at the yum utput though there is a gnash-plugin... But youtube is being picky, it still insists I need an *Adobe* flash player. According to http://fedoraproject.org/wiki/Flash gnash often cannot play sound because often sound in flash uses mp3, which is encumbered by patents. The page did though show me that i should remove nspluginwrapper; presumably that is what keeps saying I need an adobe viewer. Ok starting to see something, now some audio errors to deal with but looks like it might at least work for visuals and hopefully if people say anyt6hing worth hearing there will be transcripts to read. It wants me to install gstreamer-ffmpeg but yum denies knowledge of any such package. There don't actually seem to be any visuals either, apparently it is using some codec that also isn't available or isn't present or something, maybe the one that someone mentinoed earlier as not being available yet. -MarkM- I'm not on Ubuntu right now but there's a Flash program on the program browser that works perfectly. I can't think of what the name is but I think it's classified as a "flash alternative." |
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Wow! That was a good explanation. So the difference between an online and offline wallet is the location of your "private keys"? ie, with an online wallet they are stored on a server and you access them via your identifying credentials for that website, and with an offline wallet they are stored on your hard drive or written down somewhere?
Yep, you got that right,  . One refinement: there's an online wallet, where everything is on a server somewhere. Then there's a local wallet, such as the Bitcoin-Qt client or Electrum, where your private keys are stored on your hard drive. This is sometimes referred to as an "offline wallet," but there's a third category too, where your private keys are stored somewhere (such as on paper) that is never connected to the Internet, meaning that the only way somebody could get your keys would be to physically break into wherever they're stored. That's a truly offline wallet. You quoted a post that already had all of those in it, XD. You just reiterated it, :p. I know, just trying to draw the distinction between a local wallet and an actual offline wallet. I think it's an important separation of concepts. Got ya! I think there's also hybrid online wallets but I don't know enough about them (supposedly it's like the key is handled client-side or something). |
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Wow! That was a good explanation. So the difference between an online and offline wallet is the location of your "private keys"? ie, with an online wallet they are stored on a server and you access them via your identifying credentials for that website, and with an offline wallet they are stored on your hard drive or written down somewhere?
Yep, you got that right, . One refinement: there's an online wallet, where everything is on a server somewhere. Then there's a local wallet, such as the Bitcoin-Qt client or Electrum, where your private keys are stored on your hard drive. This is sometimes referred to as an "offline wallet," but there's a third category too, where your private keys are stored somewhere (such as on paper) that is never connected to the Internet, meaning that the only way somebody could get your keys would be to physically break into wherever they're stored. That's a truly offline wallet. You quoted a post that already had all of those in it, XD. You just reiterated it, :p. |
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Great news guys! The BitCoin Lottery, one of the sites in our rotator, is going to be giving a 50% higher payout on the next drawing! Use CoinFaucets to hit this every 30 minutes and ensure you're getting as many entries into the lottery as possible! |
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Wow! That was a good explanation. So the difference between an online and offline wallet is the location of your "private keys"? ie, with an online wallet they are stored on a server and you access them via your identifying credentials for that website, and with an offline wallet they are stored on your hard drive or written down somewhere?
Yep, you got that right, . |
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It turns into people undercutting each other, lowering the prices until someone (or a group) manages to buy the wall back up again. Another thought experiment scenario. What would happen if a significant proportion of the daily mined BTC (closer to 4000 than 3600 right now due to gaming the difference between difficulty and hash rate) were to be garnered by venture capitalists who really have no interest in holding BTC rather than USD, EUR, or JPY? YiFu mentioned the chance of this happening last month, the appearance of the Winkies in BTC suggests it, and, face it, there's a lot of Silicon Valley based VC's for whom the development of a simple task ASIC isn't a huge, new challenge. If this were to happen, theoretically the price would start plummeting. This is UNLESS people were buying it up as fast as it was being put on the market (I'm thinking that wouldn't happen though). There is another side-effect of this, though, which is that the prices dropping like that causes panic and makes other people sell, driving the price down more (some won't do it out of panic, but to buy back at the lower price). So what we would experience is a drop (in your scenario a pretty large one I think), followed by a slow incline. |
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Interesting... So is it like the bitcoins only exist in a "latent" form in your paper wallet, and have to be so to speak "activated" via some code in order for them to function as currency? Just trying to wrap my head around it.
Bitcoins are never stored locally. They're essentially part of the blockchain, attached to blockchain addresses that you own. Your ownership of those addresses is proven by your holding of the private keys that go with those addresses. It's those private keys that are stored in your online wallet, or locally on your computer, or just on paper in a safe somewhere. As long as your private keys are safe, your Bitcoins are safe. This. A good way to think about it is that the blockchain is our safe. Everyone can see anything that happens inside the safe, whether you're looking at your lockbox or someone else's. Now your public keys are your safe's addresses. Everyone can see in them and can input money to them, but they can NOT withdraw anything from your safe. With your private key, you are able to open the safe. If someone else gets your private key, they have access to your safe as well. So your safe is only as safe as you make it. When you rely on others to protect your safe, you're hoping that they do everything in their power to keep outsiders out. This is a lot like a bank, with the difference being that if something happens at a bank, the FDIC (in the case of the US) will reimburse the lost funds. With BTC, there is no insurance. |
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BTW, any chance of an affiliate program?
not quite sure, yet, there's not any automated one in place, but we do record btc addresses passed via URL and eventually credit instant satoshis to those address if they are in the lottery. Ahh, do I need to append something to the URL on CoinFaucets? You've pm'd me already and are familiar with the site so not sure if it would matter, :p. You should be getting a pretty decent amount of traffic from the rotator, . yeah, well, you could stick something like ?pID=235 to the lottery's url -> http://bitcoin.lift-institute.com/lottery/?pID=235 or your btcAdr as ?ref=1xyZ... but as i said, it won't guarantee any bonuses, however, we will be able to see our strong link partners more easily! and we tend to be generous (in the mBTC range)  btw: your rotator is our 6th strongest referrer atm, 314 visits during the past 7 days... thanks plenty!Oh nice! Thanks, . I'll throw up the ID a little later today for you. |
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Two factor authentication is always better than just a password. That said, the same reasoning still applies with a blockchain.info wallet as with a Mt. Gox account: your BTC are less safe there than they would be in an offline wallet that you control directly.
This seems weird to a lot of people, but we're all used to the well-established old-fashioned banking system, where the money in our accounts is insured (at least up to a certain level). With Bitcoin, there's no such insurance. If something happens to your BTC in an online account - whether it's on Mt. Gox or blockchain.info - you're on your own.
So how exactly does an offline wallet work? Excuse my lack of understanding... Do the bitcoins that you keep on your hard drive have some unique identifying information that is kept intact if you want to use them for a transaction? Is it that simple? People seem to be saying that an offline wallet is extremely complicated, but I don't get why. The best offline wallets are "brain" or "paper" ones. They are wallets where you use them to receive coins, but you have to recreate (at least with paper) the wallet any time you want to send coins. These are safe because the information is stored not in a computer but in a physical/mental location, which means people have to go to your house to extract your private key. |
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I have a whole lot of domains so this look interesting to me. I'm mostly at godaddy but not fond of the CEO's practices so I'd look at this for sure. My biggest concern is ease of use and customer service. I don't want something where I waste my time doing something that's should be easy like a DNS change. Any feedback on this?
I switched from GoDaddy to Namecheap after GoDaddy supporting Sopa (which they have now flipflopped on) and haven't looked back. What's the renewal cost? |
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Mtgox is a scam i suggest a exchange like btc-e.com
I completely disagree (with the scam accusation). It's just another exchange, and actually it's the most well-known one for non-technical people. |
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BTW, any chance of an affiliate program?
not quite sure, yet, there's not any automated one in place, but we do record btc addresses passed via URL and eventually credit instant satoshis to those address if they are in the lottery. Ahh, do I need to append something to the URL on CoinFaucets? You've pm'd me already and are familiar with the site so not sure if it would matter, :p. You should be getting a pretty decent amount of traffic from the rotator, . |
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It's a gifting programme. You send gifts, You get gifts Back. Our aim is to have 100,000 members by the end of the year. I am going to make a lot of money and you are not. That's because I am in it and you are not. Only you can change that fact. The very next person the joins through my link and sends one gift will get another gift put in by me... FACT... http://mymerlinsmagicbitcoins.com but I am guessing that it won't be you. Or will it? You mean you will find enough idiots to make you rich and maybe, just maybe some of them will make a bit money, too. Most of them will just lose theirs. By not throwing our money away and screwing over people for our own benefit while claiming it's "gifting." |
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How much money would you say is safe to keep in a blockchain wallet?
"How much is safe" depends on how much you can afford to lose. The principle is the same: if the owner runs or the server is hacked, you can lose everything. For some people 0.01 BTC it too much to lose, for others they can afford to lose thousands of BTC. You're the only one that can answer that question. |
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O ye, of little faith......
What a sad and pitiful existence it would be!
There are more than 2 million new internet users coming online every day and what is happening in practise is that members are regifting all the time so no one is the last one to gift.
There will always be another kind person to help you out when you are in the gutter.
lol, you're ridiculous. Someone has to be the last. No ponzi scheme has ever gone on forever. O.o, then what is it? It's definitely not how normal businesses/investments work. It's a gifting programme. You send gifts, You get gifts Back. Our aim is to have 100,000 members by the end of the year. I am going to make a lot of money and you are not. That's because I am in it and you are not. Only you can change that fact. The very next person the joins through my link and sends one gift will get another gift put in by me... FACT... http://mymerlinsmagicbitcoins.com but I am guessing that it won't be you. Or will it? No, because I have morals and I won't screw over others just because I benefit from it. I'd rather have nothing at all and know that I didn't screw over other people than have everything in the world and know that I did. |
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Thinking i can now watch youtube videos due to their supposed conversion for my browser or whatever, I clicked this link http://www.youtube.com/watch?v=vmPD_YSQ--kin a thread in harware section. Notice the little 'CA' by the youtube logo even though the URL says it is youtube.com not youtube.ca. Maybe Canadian youtube doesn't have the conversion to HTML5 in place yet or something? As that link just gives me an "install flash" thing, which might for all I know (or care, by now) end up only giving me some ancient version that isn't up to date enough to even work. I have given up on trying to deal with flash since they already told me last time around that they have no intention of supporting Linux. -MarkM- Hmm? Flash works fine on Ubuntu... never had an issue in the past. |
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