Bitcoin Forum
June 22, 2024, 12:31:57 PM *
News: Voting for pizza day contest
 
  Home Help Search Login Register More  
  Show Posts
Pages: [1]
1  Bitcoin / Wallet software / Dark Wallet Query on: December 17, 2014, 05:05:12 PM
Hi guys, can I please ask you to check this end transaction for me https://blockchain.info/address/1MyZot2SyP7zb1DVSBoSpkpUxojBgGQyg4

This is a test I did with Dark Wallet

I put the funds through the three Dark Wallet pockets (spending, business, saving) using the stealth address and the 5-mixer coinjoin option.

At the end I transferred out of the Dark Wallet into my Electrum wallet above.

However, I can still trace the transactions all the way back to the start via blockchain.

How is this making my transactions anonymous, anyone can still follow the trail? Could anyone clarify what I am doing wrong?
2  Other / Beginners & Help / Dark Wallet help/query? on: December 15, 2014, 03:12:15 PM
Hi guys, can I please ask you to check this end transaction for me https://blockchain.info/address/1MyZot2SyP7zb1DVSBoSpkpUxojBgGQyg4

This is a test I did with Dark Wallet today.

I put the funds through the three Dark Wallet pockets (spending, business, saving) using the stealth address and the 5-mixer coinjoin option.

At the end I transferred out of the Dark Wallet into my Electrum wallet above.

However, I can still trace the transactions all the way back to the start via blockchain.

How is this making my transactions anonymous, anyone can still follow the trail? Could anyone clarify what I am doing wrong?
3  Bitcoin / Bitcoin Discussion / Re: How to keep your bitcoins secure if you suddenly disappear (jail or prison) on: December 15, 2014, 09:24:20 AM
Wouldn't the Trezor unit be the best option here? Store the bitcoins in there with the passphrase and seed memorized. Leave the unit somewhere safe in your house.

Then when you come out, even if Trezor has shut down and your house has been demolished, you could go to a site like Electrum or similar and input the seed and passphrase and bingo, your coins are in your new wallet?
A trezor can easily be seized by law enforcement. This will make it difficult/impossible for you to be able to spend money even if the trezor keeps your bitcoin "secure"

I'm a bitcoin newbie but I think your statement is wrong.

If law enforcement seize your Trezor and you are sent to jail, when you come out, you can enter your seed and passphrase into Electrum (or similar product if Trezor/Electrum goes offline) and your wallet will reappear. Then you are free to spend bitcoins.

The Trezor has a further advantage of plausible deniability, where you can keep 1 or 2 bitcoins in one wallet on the Trezor, and the bulk of your stash with another seed and passphrase on the same Trezor.

That way if you are compelled to give up the wallet, you can give the one with just a few coins it in to law enforcement. The rest of your stash will be ready for you when you are released

My limited understanding of the Bitcoin technology is that BIP0032 wallet technology allows you to easily migrate between various products / hardware / offline wallets etc. without losing your coins. Your only worry would be whether BIP0032 technology would still be supported when you came out of jail, but I suppose if the stash you are trying to recover is big enough, you could probably pay a literate computer guy to build you a custom BIP32 wallet and recover your funds when you are paroled in the year 2030. The stash might be worth 10 times what it was when you went in so it would be worth the fees.

This is as per my limited understanding of the technology and the extensive reading I've done, so feel free to shred my assumptions to bits.
4  Bitcoin / Bitcoin Discussion / Re: I am pretty confident we are the new wealthy elite, gentlemen. on: December 14, 2014, 10:41:44 PM


How many months do you anticipate BTC prices will be lingering in these $360 to $800 prices?  

I am thinking that we could be in this price range for 6 months or potentially longer (maybe up to a year), even though it does seem that the next bubble is more imminent, such as more likely to occur within the next 1-3 months.

My current theory also is that once BTC prices get into the $750 to $850 range, then the taking of profits will likely subside for a short period of time while the masses and the sideline money jump onto the upward momentum train that take us past the previous ATH and into the $3k to $13k price per BTC range.   Let's say on average at the moment anticipating a $7,500 price per BTC would put BTC market cap at approximately $105 billion. Such a market cap does NOT seem outside of reason given the amount of infrastructure building in the BTC space (and the sheer powerfulness of the BTC computing network).... but even $7.5k per BTC may NOT be sustainable until after the next halfing of BTC mining production.. and until more BTC infrastructure is built.... but yep, BTC prices can surely escalate into a couple more 5x to 10x bubbles so long as the network and adoption keeps expanding at extrapolated levels of its current pace.

100billions of market cap is not out of the question at all if there are hints that Bitcoin could get way bigger in a few years

One of the Winklevii predicted 400 billion ($40,000 per coin)

"Small bull case scenario for Bitcoin is a 400 billion USD dollar market cap, so 40,000 USD a coin, but I believe it could be much larger. When this will happen, if it happens, I don't know, but if it happens, it will probably happen much faster than anyone imagines." http://cryptologie.net/article/45/cameron-winklevoss-ama-on-reddit/

I'm just posting this up for my future self to look on and wonder if it ever hit that mark.

I'm not so sure but obviously would love it if it did

Good luck everyone . . .
5  Bitcoin / Bitcoin Discussion / Re: How to keep your bitcoins secure if you suddenly disappear (jail or prison) on: December 14, 2014, 09:53:51 PM
Wouldn't the Trezor unit be the best option here? Store the bitcoins in there with the passphrase and seed memorized. Leave the unit somewhere safe in your house.

Then when you come out, even if Trezor has shut down and your house has been demolished, you could go to a site like Electrum or similar and input the seed and passphrase and bingo, your coins are in your new wallet?
6  Economy / Trading Discussion / As of Dec 14 2014, what is considered the "best" exchange? on: December 14, 2014, 08:28:10 PM
Since the Mt Gox scandal has made people wary, could you guy give your opinion on what is considered the best exchange to buy and sell coins at the moment?

The criteria would include:

-Board members who are known and respected
-Audited accounts
-Strong banking links
-Well capitalized
-Good AML policy
-Verified safety for their bitcoin storage
etc.

Thanks
Pages: [1]
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!