Что будет с золотом, когда вскроются трансмутационные технологии?

There is a post published in one of social network addressed to the Russian banking authorities, explaining what is Bitcoin actually. And it says how secure and useful Bitcoin to avoid American attempts to block SWIFT for Russia (what they already did to Iran).
Unfortunately it is in Russian only http://obozrov.livejournal.com/1953.html

Thanks for the explanation.

I didn't really cared about sync. Rather hoped to migrate without doing transaction(s).

I am trying to recover to Mycelium Electrum-created wallet with 12 seed words. First word went well. Second word is English but Mycelium doesn't have it in embedded dictionary and therefore I can't enter this second word neither any remaining words.

What is wrong? Is it impossible to recover foreign wallet. Or am I simply can't find how to tell Mycelium that this is the word and I'm entering another one.

Are they really so different and incompatible? Multibit program keeps quiet, ignores words and disabled "Nexr" button.

Exactly same issue but seems no of Electrum folks care to research.

Strangely history tab shows blank Description column  not only for recovered transaction but even fore newly added in this version. Everything works seems fine expect empty Description column.

How to fill it up as supposed to be?

I have deleted old wallet file and made the new version recover it from seed. It seems went well. But the history list does show blanks where correspondent address supposed to be. If click details transaction  it shows all details of the transaction. Why then certain excerptions from the details not shown in the list?

I have read "Upgrading 1 to 2" section in Electrum Wiki and understood that wallets are not compatible. That Section promises lengthy but fully automatic conversion. But in my case is only that waning message and nothing else.'

I won't be arguing about security. But i have remark about behavior of the portable version. When this version by default creates wallet somewhere deep in the guts of OS where is portability here? I believe that really portable version should handle data file in the same folder where executable is.

I know there is way to assign wallet file from a defined folder. But not create one. Also there are plenty people who able to backup folder with his/her data, but not that many of them able to write shell file to assign wallet file for this binary. Ask them to find where wallet was created and it will be a real challenge.

Portable version should be really portable, otherwise what is the difference with installation?

Today I have updated my standalone windows 1.6.1 version to the newest 2.4.4. When I start it I got box with warning quoted in subject and no more action. What should I do get into my valet?

Naive. All cards are controlled, including mentioned XAPO and such. That Xapo is just co-branded VISA or MC card issued by one of the tiny offshore banks. If you don't belong to the credit card issuers club (Visa, MC, Amex, JCB...) your card will be just an useless piece of plastic. No one ATM will accept it.

Should this thread be merged with https://bitcointalk.org/index.php?topic=1113207.0

Many banks (or bank alliances) got their own pocket "westernunions". That may be the case. They may issue those coins in old school way (with guarantee deposits), set up fees as they like and use just blockchain mechanism to run it.

I believe fees took place on initial $100 check issuance. That why there is no fees on check spending.

The friend is strange. If you would pay with credit card he also will be surprised? With the card transaction technically you also don't leave anything tangible in the shop. No principal difference.

Nothing about pegged value. A bit above I wrote:


Those POS solutions with automatic bank deposits (if it really works) may do only for so called civilized zone (SEPA or USA). Not bad share but there is 90% of the remaining world. And also entity should want to hold and use Bitcoin further, not rid of it immediately after income. This offered way is rather extensive for Bitcoin adoption process. 

For 4 year I was working as an exchanger and a merchant, selling goods for Bitcoin. I did all my best to spread adoption of Bitcoin at least in my country. Therefore I got certain thoughts which I try to explain.

Firstly understand why such systems like PayPal adopted easily. Let put aside that convenient fact that PP-USD is almost equal to USD. "Almost" because due to fees on income and withdrawal PP-USD got less value than cash USD. Most important part that PayPal offers single point responsibility services to the merchant. Once POS plugged to merchant site it is PayPal who cares all from payment confirmation to exchange rate setting.

In Bitcoin especially in the first years from the merchant view what was offered was nightmare. Only geeks or total fans of Bitcoin would adopt it for business. Nowadays it looks much better while looking to POS system offers. But still they all have main problem which is looseness in exchange rate formation (which I explained in posts above). While in PayPal exchange rate is optional feature, in Bitcoin it is vital. Though situation improved but we have to admit that at the moment we can't offer merchant fully reliable POS solution. If it's self-contained box then it stores funds at a third party (which is anti-Bitcoin tendency). If it's privately held wallet then merchant gets whole load of headache to maintain POS system built on top of it.

Of course what I offer is not panacea which will make Bitcoin adopted everywhere immediately. I didn't promise that. It is just another step towards that direction.

And once more. Guys who sell things and exchange through forum (this one or others). No offense but it is not about you. I am talking about adoption by serial sellers. Small, medium, large.

Exactly! it will be different on the next block. That is the point. It is not directive issued by someone. It is just "official" ascertaining or the market price snapshot.

What we need it for? Firstly it is convenience. Every single merchant don't have to analyse and calculate average price from different major exchanges. Merchant don't have to trust any third party website doing this work for him. As soon as this value is already average for the market and confirmed along with the block it may be well trusted.

Secondly there are two side effects which I found very nice. We say "market price". Who forms that market price? Stock exchange players. It means "Wall Street" of the Bitcoin community. Doesn't it look familiar and dull? If we allow any peer offer its price it is going to be more democratic (and fun). If you are fat wallet holder fine bully the price. If you are bitcoin-poor lower it hoping to buy more. Obviously all nonsense offers will be just dumped.

Another side effect is that in order to qualify peer's offer algorithm have to compare it with the last confirmed rate. Therefor huge sudden drops or raises due to technical problems in exchanges will be smoother and won't raise panic. It makes Bitcoin more stable.

You are incorrect in your thesis. In the USA where local currency is the world reserve currency obviously no "official" rate exchange. But in other countries which live in Bretton Woods/Jamaica monetary system local currency is tightened to USD. They do have "official" rate exchange of local currency to USD issued by the Central Bank of that country. It may have different status from strict to advised, allows wide or narrow margins for commercial operations. But it does exist. So whenever business entities negotiate they do not argue, let use rate of bank "A", or bank "B", or average of rates in banks "C" and "D". They always know that can open Central Bank website and get fair "official" rate.