How secure is this method that I used?
Use a factory reset android telephone to access bitddress.org
Then use an offline browser on the telephone and open bitaddress.org (offline) and run brain wallet.
Type in an impossibly large and random alpha numerique code.
Generate address
Take a screenshot of the private key and public key using screenshot function on android phone.
Disconnect PC from the internet
Transfer screenshot from android phone to a brand new and encrypted sha-256 usb drive
Print out paper wallet and store in envelope
Take photo with a digital camera of paper wallet and store on SD card.
Delete screenshot on android phone.
Remove encrypted usb drive from PC before reconnecting to internet.
Store SD card, encrypted USB drive and paper wallet in safe places.
Android's RNG is not random I'm not an expert on computers but doesn't the brain wallet provide a unique output when somebody inputs random typing like...... 3903450EFZDFZOJF3405340F9ZDFF034T038TGERPJEPRFP034FZEFZEF03450324534508ZEFZOFJZ ELFJ345 In other words it would be unlikely anybody else would type that exact code in and get the same brain wallet results? |
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How secure is this method that I used?
Use a factory reset android telephone to access bitddress.org
Then use an offline browser on the telephone and open bitaddress.org (offline) and run brain wallet.
Type in an impossibly large and random alpha numerique code.
Generate address
Take a screenshot of the private key and public key using screenshot function on android phone.
Disconnect PC from the internet
Transfer screenshot from android phone to a brand new and encrypted sha-256 usb drive
Print out paper wallet and store in envelope
Take photo with a digital camera of paper wallet and store on SD card.
Delete screenshot on android phone.
Remove encrypted usb drive from PC before reconnecting to internet.
Store SD card, encrypted USB drive and paper wallet in safe places.
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I can understand why the creator has not come forward, for obvious reasons, but Bitcoin imo would be taken much more seriously to the majority of big investors if the creator was at least contactable. So I vote, yes!
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Maybe because they are in direct contact with various string pullers that assure them that Bitcoin or any other digital currency will never be allowed to break into the mainstream. Unless there is legal clarification that states that Cryptocurrency is going to be tolerated in the long term why should they risk offending people they rely EVER SO heavily upon. Banks / governments / the 1% they've all got one thing in common, CONTROL, why hand that over by endorsing something that removes it completely? Would you? BTW. I really hope I'm wrong!  |
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Cool! This looks like a good demonstration of the advantages of bitcoin.
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13.74
Thinking about going balls deep and purchasing at least 100 (when price drops and I've got the funds available).
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I'm hovering between 192 and 193
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There is a historical precedent for this. What happened to the free market price of gold outside the United States in 1933 as a result of Executive Order 6102? http://en.wikipedia.org/wiki/Executive_Order_6102. Let us not forget that it was not fully repealed until 1974. If I understand from this wiki (and the past is a good indicator to go by) then when the US bans 'hoarding' of Btc then it should (contrary to my belief) inflate international btc prices? Interesting...
So surely the success of this whole currency is hinged on whether or not Btc is accepted by governments and banks worldwide, which is kind of ironic.
as long as bitcoin remains useful, someone will use it. it only takes 2 people to trade, it doesnt require the whole worlds acceptance of it. and if they both value bitcoin as being worth $160 of mining power and time consumption to make a single BTC, then they will trade at that value. What are the chances that another Altcoin will replace Bitcoin and render it worthless because people see it as being more 'useful' or better? there are alot of alts but no good ones beside bitcoin and litecoin. i think bitcoin will be the leader for the next years and litecoin his little brother, they will go in different directions with the upcoming years as they already do now slowly. How would you split a hypothetical $100K investment between litecoin and bitcoin? |
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So surely the success of this whole currency is hinged on whether or not Btc is accepted by governments and banks worldwide, which is kind of ironic.
as long as bitcoin remains useful, someone will use it. it only takes 2 people to trade, it doesnt require the whole worlds acceptance of it. and if they both value bitcoin as being worth $160 of mining power and time consumption to make a single BTC, then they will trade at that value. What are the chances that another Altcoin will replace Bitcoin and render it worthless because people see it as being more 'useful' or better? |
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Why everyone would stop using Bitcoin. The exchanges would close. The projects would stop moving forward. The developers would stop coding. The miners would shut down their machines. Everyone would delete their wallets and uninstall any Bitcoin related software.
Prohibition is extremely effective and everyone immediately complies, as they know it's in their best interests.
What did you think would happen?
I think the Btc ecosystem as it stands is still running off the backs of a large and hardcore group of believers and early adopters (myself included). If Btc is officially banned then it will make growth infinitely more difficult as people will not want to adopt an illegal payment system for their legit business. So surely the success of this whole currency is hinged on whether or not Btc is accepted by governments and banks worldwide, which is kind of ironic. |
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Frankfurt Germany
Fidor Bank Germany
Bitcoin
This looks like the start of a good relationship with a serious entity. Despite most peoples view (and I understand why) I feel it will be a good thing for banks to get more involved.... *flinches under the table |
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Fear would reign.
Longer term: consider, how often does a banned commodity become cheaper and then remain that way? Illegal drugs or guns, for example? How effective has the government's ban proved to be on downloading copyrighted material? Consider Bitcoin analogous to BitTorrent.
I agree it doesn't seem like there is much the government can do about Btc it in the long term, apart from segregation and driving it underground. I wish I had a crystal ball!!   |
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the higher authorities declared it to be illegal?
At the moment I'm one of a handfull of businesses in France that will accept this currency and from the people that I've met in person (that know about btc) still consider it to be way too high risk to get involved.
What would be a black swan event for btc? What could possibly go wrong?
Thanks in advance for your opinions.
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I am the only person in my region that is publicly accepting bitcoins, so until now I've not had an opportunity to pay for something in Bitcoin.
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Madbitcoins, MaaaaaDbitcoins - Youtube
Today search - Youtube
24hr search - Google
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Heard about SR and the dark web; curiosity led me into downloading tor and having a look at what was there.
I saw that everything was priced in Btc, that got me doing some research and discovering more and more.
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Just added my construction company to the map in France.
Taking bitcoins for small to medium sized jobs.
Hopefully they won't become illegal over here!
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Es tu sur paris? Quel genre de travaux fais tu? La maçonnerie c est vague et ca fait penser aux franc-maçons!
Je suis dans le 85. Je construire des maisons neuf et egalement faire des petit travaux comme des mur cloture, terrasse, enduit etc etc... Un vrai maçon et pas un franc-maçon! |
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Merci pour vos conseils, ce matin j'ai inscrit comme professional chez bitcoin-central.net pour voir comment ça marche chez eux.
J'ai donner mon extrait kbis, numero siren et un copie de mon passport.
J'ai pas vu encore, mais j'espere que ils ont "two step authentication" car je me mefie avec le securitie des sites bitcoin.
Bientot je vais parler avec deux clients qui ont deja accepté les devis et je vais negocie pour que ils peut me payer avec bitcoin. Meme si il faut que je baisse 15%. Ca va faire un bon econnomie pour eux, et moi je trouve ça marrant d'etre payer et faire voir les gens bitcoin.
Je vous partage mon experience ici quand j'ai des nouvelles.
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