So the consensus here is that I should test receiving coins but I don't have to test sending them?
You could test the private key by attempting to sign a message with the public address and then use a separate computer/client to validate the signature. This would be a completely off chain validation.
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Bitcoin would actually help countries avoid this type of problem.
Money leaving russia means that it's currency is weaker. If it did not have a currency (instead used bitcoin) then prices of goods it imports and exports would not go up and down based on the state of it's economy.
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I see lots of threads about Circle trying to centralize BTC. I think this is a nice add on to Bitcoin ecosystem and I like it, it ll help wider BTC adoption.
I don't think that circle will lead to the absolute centralization of bitcoin but will lead to bitcoin being "housed" in several places that are similar to banks.
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And, by the way, preventing money laundering is one of the easiest and most effective ways of reducing terrorism. Only if you use intellectually dishonest definitions of "terrorism". The terrorist organization which has harmed more innocent people than any other currently-existing organization in the world is the US DoD. I would not agree with your statement, however the DoD does use a large amount of money every year. They get their funding from the US government. A terrorist organization needs to be able to fund themselves
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I withdrew a few BTC from an exchange into my Multibit wallet and the transaction appears on blockchain.info with about 50 confirmations but not in my wallet. I'd prefer not to publicize my BTC address here. What could be causing this?
This is probably an issue with the nodes that multibit is connected to. Try closing and restarting multibit. If that does not work then reset the blockchain (twice if the issue is not resolved the first time). If this does not work you should export your keys and input them to a blockchain.info wallet then send a TX to a new address in a new wallet in multibit (if you wish to continue using multibit).
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Since companies (like Coinbase) are giving college students bitcoins, should universities start incorporating virtual currencies like bitcoin, litecoin, dogecoin, etc. into their curriculums? What do you think? ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) This will likely (if it hasn't already) make it's way into classes that are computer and IT related. It will likely be a long time until there are separate classes regarding crypto currencies and this is still a very new concept.
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So, the intrinsic value of USD can not be 0, since the intrinsic value of BTC is >0 and the intrinsic value of BTC in different fields is a Multiplier of the USD-value. 0*10 is still Zero.
Certainly, The intrinsic value of USD is what the market indicates due to the utility and value it provides as an ecosystem. The value of anything is 0 outside of such ecosystem and environment. What remains to be seen is if Bitcoin has a greater value than USD for the greater population. So far Bitcoin has a great track record but has plenty of areas for improvement. The value of the US dollar is the value of the US economy as that is what it is "backed" by.
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Until Websters has it, it doesnt exist lol.
The english language does not have a central authority.
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I don't think that most dictionaries give a sentence example of how words are used.
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I think that Bitcoin in places like Africa would be more successful if fiat is not involved.
Most country's currencies are not stable in Africa and holding bitcoin would be relatively safe when compared to holding the currency of an african country.
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I refuse to believe LTC has a 100% chance of keeping it's position when things start to skyrocket.
The first mover advantage of BTC will never be killed IMO. I don't think there are enough LTC lovers out there to ensure it follows at the same value.
FYI, I am a crypto whore and own a lot of different crypto... I.. kind of panic bought.. lol.
The issue with LTC is that it does not really add any value that bitcoin does not provide. The same is true for most other alt-coins as well.
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Is it not a worry because the mathematical probability is so infinitesimally small
You answered your own question with the proper RNG you should be just fine. The chances are extremely small. If this were to happen it would likely be due to some kind of attack at your RNG. There are many more less advanced ways to attack you to attempt to steal your coins. I would personally not worry about this.
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The vast majority of users of bitcoin are male. This is partly because most users are very technically inclined and stereotypically this is a male interest.
There was even a thread on this forum that lists the red flags of a potential scammer and one of them is that someone uses a name that is clearly female.
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Isn't this problem trivial? Just go to Blockchain.info and look at the latest block number. You can find the number of blocks that mint 50 coins and the number that minted 25.
Am I missing something?
While that might be the shortest path to the figure in question, it doesn't address how the figure is calculated or the difference between theoretical and practical calculations. When I use the term blockchain I mean the actual blockchain, not blockchain.info. Please re-read the question. blockchain.info and the blockchain really are one and the same. Blockchain.info has all of the blocks mined on it's website for anyone to view. The difference is that blockchain may display a block that gets orphaned prior to it being orphaned.
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biggest threat to Bitcoin?
'compliance'
I would disagree. A small amount of regulation can be good for any industry. Having to comply with minor regulations can help weed out scammers, which would make the masses more likely to be comfortable with bitcoin. The scammers are the biggest threat to Bitcoin
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How did it get taken exactly? People use scripts that monitor addresses of brain wallets and when coins are sent to the brain wallet they will push a TX that sends the coins to an address that they control
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bitcoin is the next world reserve currency right beside gold
We can only hope. It would be pretty cool if goverments started holding it. Dude, USGov already have few 100k of them They *say* they will sell, but they never will, at least not the coming decades. Don't listen to them, look at their actions. China probably stole the goxcoins to become leveled. Agreed +1 The country who is first with bitcoin to go all in will become the world's first true super power after the board is reset. Try to imagine for a moment what would happen to the value of bitcoin if world governments got in on the game to use bitcoin even as a reserve... The moon would be a pitstop The first country that accepts bitcoin as their currency would actually be giving up power. Smaller countries would benefit from using bitcoin as it's primary currency as BTC could be more stable then the country's own currency. This is similar to how some countries use the US dollar as their "currency"
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Just as with everything in the free market, the consumers will either choose to use this or not if its shoddy. Its on its own organization. No one is forced to join and do business with them.
Circle is a way that will get the masses to start using bitcoin. Circle does centralize bitcoin but it does not create a central authority. If circle is successful then others will create competing services that are similar and will further innovate
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Bitcoin is disruptive because it changes the status quo.
Previously it took a long time and a lot of effort to send money from person to person, this was exaggerated when sending money overseas.
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- Wonder how Coinbase instantly validates?
Because you would be paying with your coinbase account, so they are really controlling the funds. They are the trusted third party. This is another LAYER. Essentially, you are telling coinbase to pay them, and the merchant is assuming coinbase won't double spend. Hope that makes sense. Both coinbase and greenaddress would be good to be sure that payment will be received with dealing with high value items. If you are only selling low value items (a few dollars) you should not worry about double spending attacks as they are generally expensive to execute.
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