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1  Bitcoin / Development & Technical Discussion / Would bitcion be able to handle 1000 tr/sec all of sudden. on: August 07, 2015, 02:36:10 PM
Nasdaq just released a story pondering whether bitcoin has replaced gold as the new safe haven.

These things tend to really stick in the mainstream mind(fear). This'll really help adoption. So when adoption comes, I think it'll come in spurts, and then grow exponentially, but could the network be able to handle these sudden spikes?

Please forgive the newbishness.
2  Other / Beginners & Help / Re: Anyone know how to move the blockchain to External HD in Linux Mint? on: August 07, 2015, 01:41:51 PM
Thanks for that! I'll give it a try.

Also, in regards to the risk, I have a dual booted win8/LinuxMint. Am I only really at risk if I plug it in while Win8 is running?

Is it preferable to back up by private keys onto a printed sheet and delete the wallet, thereby just running a full node with no funds?

I know, quite a few questions, but I just want to actually put a few blockchains(LTC too) on the ExtHD and help the network. Big bitcoin convert here. I have to tone it down before my fam & friends get too sick of me.

Dan
3  Other / Beginners & Help / Anyone know how to move the blockchain to External HD in Linux Mint? on: August 07, 2015, 01:00:20 PM


Some of the instructions on how to do this in Windows just aren't quite useful for Linux Mint. I'd like to move the blockchain to an external 5TB HD that I just bought specifically for this purpose. Does anyone know how I can do this safely? Also, are there any security concerns with doing this? Any input on this would be welcome. Thanks!


Dan
4  Other / Beginners & Help / Re: Private/public key question on: December 16, 2013, 01:35:13 PM
Quote from: Sausagesandwich on December 16, 2013, 01:09:40 PM
Hi all.

I've looked around for an answer to a very simple question but I can't find anything that's enlightened me.

Am I right in saying that the bitcoin algorithm works something like this? The private key is used to generate the public key which is used to generate the address. This process only works one way. The public key can't be generated from the address and the private key can't be generated from the public key. So practically the private key is all that's needed. The address can be forgotten and regenerated if the private key is still known (and can the public key)?

If I have that right then why the need for three pieces of information? Why can't you just have a key pair and the public key acts as the address?



     This is probably the best explanation I've seen  so far! It definitely made the whole thing go "click" in my head!! Thank you very much for that and to the responder for confirming it!
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