With today figures, you will need $250M to buy the last 0.000000001 btc standing. And you can add more zeroes if you ever are approaching that point.
So? $250M is nothing to Federal Reserve. And I don't think, if there would be only 1000 bitcoins left, that they would be worth millions. They would be worth zero. wtfvanity, could you elaborate on how hoarding bitcoins, and then dumping them all at once on the market, would actually destroy bitcoin? It would make the bitcoin worth 100's times less overnight, yes. But after that, it would climb right back up, it wouldn't be "destroyed". Am I wrong? He's saying that the psychological and financial effect it would have on Bitcoin users would be very detrimental. Already, Bitcoin has a big problem with its volatility. Any sort of business deal that requires action more than a few hours into the future has to account for swings in the exchange rate. If the perception became widespread that there were mysterious actors waiting in the wings, ready to devalue your savings by 50% when they crash the market, it would cause a lot of FUD for people holding bitcoins. I've thought about similar scenarios before, like, "What would happen if China got pissed off at the United States and sold all their Treasury debt at once?" Just hypothetical. Do you not think behind closed doors in some government office they have sat down and discussed what it would take to get rid of bitcoin? Take my scenario. You wouldn't have to know it's big brother doing it. It would just be anonymous. Right? With a devaluation large enough during a big swing up, you could cause serious damage to a whole list of players in the game. Toss on top of it potential 51% attacks. Toss one more thing on top of it. Some three letter acronym of the government shutting down all US based exchanges and exchange accounts tied to US banks and declaring a war all at the same time. With the drop in price. With the 51% attacks. Isn't that more likely the fall of bitcoin? At least a huge set back. Something a government could easily pull off in a year or two and put Bitcoin back at square one. Why would anyone trust something like that anymore? People will have lost money, businesses will have lost profits and trust. It's just an imaginary situation. I really don't think Bitcoin can be destroyed. That doesn't mean that an opposing army won't try.
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I apologise! But I'll send you a spam PM too!
I'm good. Remove the scammer tag. Wait, wtf is this post about?
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Am I right in saying that the network updates itself if the coins disappear anyway? I'm not sure if you could destroy them.
You could destroy them by sending them to a black hole address with an unknown private key. They'd stay destroyed for all practical purposes for at least a century or two. They could send them to somewhere like http://blockchain.info/address/1BitcoinEaterAddressDontSendf59kuEHowever, couldn't they do more damage by keeping them and not doing anything with them? Think about it, if they acquired 5 million bitcoins, half of what is in circulation today. And DIDN'T destroy them. But at any time they could dump them on the market. Think about that. Economy gets bigger, trading volumes in excess of 100,000 every single day not just on spikes. Value worth $100's of dollars each. Then they spend a bunch of them and immediately crash the market. That could destroy a lot of confidence into what BTC stands for. Instead of just destroying the coins and making others worth more isn't something like that more likely? Acquire millions of them while raising the price. Then crush the system. That's a much better malicious strategy if someone really wants to squash things. Or say like a government. Acquire the tons of coins. Then buy out avalon and ramp them up. Accomplish a couple of 51% attacks during the dump and screw up exchanges and everything else. There's always a chance. The government can just print the money to accomplish something like that right? Chances are less greater of that happening than you finding the private key to the address above.
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Actually no, I'm not spamming. I was sending a PM to all the people who have requested free TRC letting them know that I spoke with the DEV at BTC-E and dev sounded open to the idea about TRC on BTC-e, but they hadn't heard from other users regarding TRC. So I was sending a message only to those people who I knew to be interested in TRC (after all they posted asking for free TRC) letting them know that dev sounded open minded to the idea.
So far I've written only to about 15-20 people, (so if I hadn't written you yet, my apologies!) and I've only written people who have asked for TRC in one of the two "free TRC" threads.
So no, I don't count that as spamming. If you didn't want to be asked about supporting the coin you received for free, fair enough, but it's not spam to ask you- all 20 or so of you. :-)
oohhhh I feel left out I didn't get any spam PM's Now I know I'm left out because I asked for free TRC and didn't get the spam message Now I know rabbit just hates me! hahah! no I stopped sending them out as perhaps it seems a bit 'underhanded' I would have gotten to you eventually however. BTCGOLD hasn't apologised yet however for making a false accusation, we see how that turns out..... You haven't yet however apologized for not sending me a spam PM. I'm STILL WAITING! Apology or a PM, your choice.
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Hi, This is really odd, I imported the wallet to blockchain and now I can see the Balance "0.015 BTC"! But in my wallet qt it still shows 0.00BTC! I loaded my wallet.dat in 3 different PC's (Win7/Ubuntu) even 1 of them with different ip, and it still shows 0.00BTC.
I don't know how you're "loading your wallet" But if you are putting the wallet.dat on the computer and opening bitcoin, you need to run it with the rescan option so it will go through the block chain and find all of the transactions for each of the addresses in your wallet.
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Does this forum have bears? I would say this forum has bulls, bears and pigs. Pigs just have been slaughtered again. lol
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All the coins NVC mined Balthazar (110,000 coins ) are in the guarantee fund exchange BTC-e.com
Prove it. Sign the address where they are stored.
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I sent you 0.06 btc If you don't send a higher amount back, then I will curse you, your family, your family's friends, your family's friends' uncles, your family's friends' uncles' companies, your family's friends' uncles' companies' investors, and that is going to cause the US Stock Market to crash. So better send me the coins I have sent you BTC0.01. Instead of running away with it, please repay at least 0.012 within 6 hours.
I see both transactions in the block chain and no coins sent back to it. The 0.06 is harder to tell because you use it for dice rolling but the 0.01 is clear as mud nothing has been sent back.
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Actually no, I'm not spamming. I was sending a PM to all the people who have requested free TRC letting them know that I spoke with the DEV at BTC-E and dev sounded open to the idea about TRC on BTC-e, but they hadn't heard from other users regarding TRC. So I was sending a message only to those people who I knew to be interested in TRC (after all they posted asking for free TRC) letting them know that dev sounded open minded to the idea.
So far I've written only to about 15-20 people, (so if I hadn't written you yet, my apologies!) and I've only written people who have asked for TRC in one of the two "free TRC" threads.
So no, I don't count that as spamming. If you didn't want to be asked about supporting the coin you received for free, fair enough, but it's not spam to ask you- all 20 or so of you. :-)
oohhhh I feel left out I didn't get any spam PM's Now I know I'm left out because I asked for free TRC and didn't get the spam message Now I know rabbit just hates me!
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It seems simple but I just get a code 4 error when trying to add the private key, am I missing something? I updated to the newest client and tried several addresses. importprivkey 5JR1q13wc8JxPxaggs7zm292LVYb2L2FzUYvCLsrq4fFLsP44wW
Error adding key to wallet (code -4)
did you unlock it? btw, really bad idea posting the privkey! Unlock it? I don't see any references to anything like that.. That's just some random private key. Yeah, 114hGBRkH4CYEPfCjWLnjmqTij2ymwcddu doesn't look like a vanity address. Do you have your wallet encrypted? If you do, what he is saying, you have to unlock it first. Can you import any privatekey? Or are all of them giving you this message? Are you using bitcoind or qt?
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Everyone always cries about how the start isn't fair, not everyone knew about the alt coin etc etc
How about, the first 5000 blocks have 1 reward in them, then at block 5000 or whatever number, then it jumps up to the 50 or whatever it's going to be? That way people can start mining pools can start, then no one cries.
I'll call this idea, fairnovacoin or fnc for short after our long departed friend fair brix.
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Maybe there is a new market for my idea.
I wanted to make a website and server, where you can send me any amount of BTC and I will automatically send you back 98.1% back to the address you sent it from. That's a tons better deal than what this guy is offering, and mine will be totally automated. Send it to my specific address, and it will automatically send it back to you.
Should I finish it?
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I feel left out I didn't get any spam PM's
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Hi, I'm using the latest version (from bitcoin.org) I downloaded it about a week ago to my USB flash, opened it on Ubuntu 12.04 (LTS) Live os, so I really have no clue. Have you seen such thing before? I can upload the wallet.dat file here with the passpharse (it was only a test account, so I really don't care about it) to see what's wrong and maybe report to the authors about this problem.
You can upload the wallet directly to blockchain.info and have access to the coins without dumping the private keys. Is english not your first language? Maybe one of the language subforums could help you better. It's not as hard as you're making it out to be. Spend some time on the bitcoin Wiki understanding how bitcoin addresses, private keys, and wallets work.
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I use chrome as well. I've tested it when I get the 502's and I'll open Firefox 19 and get the same error. Only lasts for a minute or two. When you first switched, it was longer, now, just momentarily.
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wtfvanity That's exactly the idea I had. Thanks for share that link I don't know they also serve in Spain.
No hay de que. actualmente solo funciona en los Estados Unidos. I do not think that it is all automated currently. I think they have a text or email sent to them, they confirm everything, then place an order for a pizza. It may be partially automated or scripted, but I think that they have some manual work involved. What we need is for pizza hut, dominos, papa johns to give us API's like blockchain.info and nerds will rule the world everywhere.
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Anyone from BFL: Consider contributing to any legal cost's. Likely many of those that would recover funds will purchase your products. So far, the poll indicates more than $300,000 in losses. Not a trivial amount.
||bit
8 people also chose $22,000 when that was the largest option.
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Going on pure speculation one can argue that with the reward halving, BTC value should be priced in at $26
That is silly, the number of bitcoins did not drop in half, just the number which are being produced. All the bitcoins that have been out there are still around. I am not a bear exactly, I think the price will go up a little, but I think it will stabilize somewhere below 100 USD. I'm not a bear exactly either and I think the price will stabilize somewhere below 90 USD.
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Hi, I know, I have tried to launch the Linux wallet qt, not the windows, i'm not that noob haha. but it didn't work, so i tried several different USB flash/Disk devices, it always give me the same error. Anyway, about the wallet that I sent BTC to, something VERY WEIRD happened. My wallet has been synchronized to 100% about 20 hours ago, but I still DO NOT see the BTC there. I only see 0.00BTC. Where is the money then? These are the addresses: http://blockchain.info/address/15Ht9rPvNfQ7cp3BXmi3PmE2YfpGDHyNzQhttp://blockchain.info/address/1BrCJngPF89wv8mUQ8Epyivsq784EETJLKThis is really weird, because I CAN SEE the 2 addresses in the wallet, but the BTC just isn't there. Wow, if i'd send there all my mined coins i would be the saddest man on earth any advice would be much appreciated Did you try my suggestion of dumping the private key and importing it somewhere like blockchain.info and sending it out from there? When you say you see the addresses in the wallet, you mean on receive page? Or what? Try signing a message with the addresses and see if you can sign it. That would indicate if your wallet has control of those addresses. Try both of them.
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