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981  Bitcoin / Bitcoin Discussion / Re: Is it neccessary to 'test' new cold storage? Is there such thing as invalid key? on: June 14, 2014, 07:03:36 PM
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.
982  Bitcoin / Bitcoin Discussion / Re: $150 billion outflow from Russia..maybe this is why Russia dislikes bitcoin! on: June 14, 2014, 07:00:48 PM
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.
983  Bitcoin / Bitcoin Discussion / Re: Circle wants to be your friendly neighborhood bitcoin bank on: June 14, 2014, 06:59:18 PM
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.
984  Bitcoin / Bitcoin Discussion / Re: Why Does the US Military Think Bitcoin Is a Terrorist Threat? on: June 14, 2014, 06:58:17 PM
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
985  Other / MultiBit / Re: BTC transfer is in blockchain.info but not Multibit on: June 14, 2014, 06:56:43 PM
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).
986  Bitcoin / Bitcoin Discussion / Re: Bitcoin + Universities on: June 14, 2014, 06:54:49 PM
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

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.
987  Bitcoin / Bitcoin Discussion / Re: Federal reserve banker calls bitcoin small potato! on: June 14, 2014, 06:53:13 PM
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.
988  Bitcoin / Bitcoin Discussion / Re: ‘Cryptocurrency’ Officially Added to Oxford Dictionary Online on: June 14, 2014, 06:52:06 PM
Until Websters has it, it doesnt exist lol.

The english language does not have a central authority.
989  Bitcoin / Bitcoin Discussion / Re: Oxford English Dictionary Example Sentence on: June 14, 2014, 06:50:09 PM
The Oxford English Dictionary just added "crypotcurrency", after adding "Bitcoin" last year

Check out this example sentence:

Quote
decentralized cryptocurrencies such as bitcoin now provide an outlet for personal wealth that is beyond restriction and confiscation

Love it!

http://www.oxforddictionaries.com/definition/english/cryptocurrency

I don't think that most dictionaries give a sentence example of how words are used.
990  Bitcoin / Bitcoin Discussion / Re: First African Bitcoin ATM to be installed end of May 2014 on: June 14, 2014, 06:49:17 PM
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.

991  Bitcoin / Bitcoin Discussion / Re: BTC to the MOON! on: June 14, 2014, 06:47:46 PM
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.

992  Bitcoin / Bitcoin Discussion / Re: Accidentally created a wallet address that someone else already has? on: June 14, 2014, 06:46:33 PM
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.
993  Bitcoin / Bitcoin Discussion / Re: Are girls using Bitcoins? on: June 14, 2014, 06:41:24 PM
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.
994  Bitcoin / Bitcoin Discussion / Re: Theoretical vs Practical Extant Coin Supply Calculations on: June 14, 2014, 06:38:59 PM
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.
995  Bitcoin / Bitcoin Discussion / Re: What are the biggestest threats to Bitcoin? on: June 14, 2014, 06:36:51 PM
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
996  Bitcoin / Bitcoin Discussion / Re: site shares bitcoin addresses database on: June 14, 2014, 06:35:09 PM

I've sent a tiny test amount to a known address (Password: 1337 - 15w3bGS6L2EGXamLPNEPfPUWHCnjqZQ35v) and it took exactly 2 seconds to be taken. Amazing Smiley

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
997  Bitcoin / Bitcoin Discussion / Re: BTC must grow and stay alive! on: June 14, 2014, 06:33:30 PM
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"
998  Bitcoin / Bitcoin Discussion / Re: Calling all Bitcoiners: SPEAK OUT against CIRCLE! on: June 14, 2014, 06:31:09 PM
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
999  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin Always Disruptive? on: June 14, 2014, 06:29:04 PM
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.
1000  Bitcoin / Bitcoin Discussion / Re: Double Spending for BTC businesses - Best practice Solutions BIP 70 ? on: June 14, 2014, 06:27:40 PM
- 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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