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The announcement is posted at the request of the user btcwall.io, as his account will not be allowed to post pictures,I really liked their project and I decided to help them:
https://youtu.be/32jUKDJ8Agg
https://youtu.be/pyXYd5aXLyI
https://youtu.be/Cy6JkldaWOU
https://youtu.be/QpxzQR4Qg4I
https://youtu.be/JdLjDzD1eB4
We present to you our BTCWALL project for the reliable protection of the bitcoins of owners from all existing threats, as well as from the new much more dangerous promising ones that will appear in the near future.
We ask all owners of crypto-currencies to first of all get acquainted with the scientific work written by our cyber security specialists http://btcwall.io/whitepaperENG.pdf.
Our research has shown that the line between cyber crime and the usual will be washed away in the near future, since the cost of 1 bitcoin exceeded the psychological mark when even the criminals of the lowest rank start paying close attention to the owners of bitcoins. In the nearest future mainstream of crime will be selection of bitcoins from their owners by any means including killing in case of refusal to pay. That's why we decided to create our BTCWALL project because it's important to take care of our security now before it's too late.
Discovered by us new threats that will become the mainstream of the criminal world:
blood hat hackers – a new kind of cyber criminals who for profit are not limited to the usual theft or extortion through the Internet. They work closely with or are part of the usual crime, and are engaged in tracking down bitcoin owners for the purpose of robbing, kidnapping, torturing or even killing them if they fail to steal your bitcoins via the Internet or if they have the technical skills to do so and they prefer a simpler, faster and more reliable way of selecting your savings.
#murderware – a new kind of programs of extortionists whose appearance was predicted by experts btcwall.io in 2017. Such malicious programs distributed by bloody hackers will search for traces using bitcoins in the system and information about the owner of the computer. In case of detection of bitcoins (if they can not be stolen), they will demand sending some of the funds or all the bitcoins to criminals, otherwise the victim is threatened to be killed through anonymous exchange of murders for not a small percentage of the bitcoins received from the already paid ransom. Similar programs can use blockchain to compile the base of all bitcoin owners, as well as those who have already paid the ransom.
Our goal is to protect the owners of bitcoins from all existing threats and new ones looking much more dangerous, such as #murderware and blood hat hackers.
BTCWALL will become not only the most reliable bitcoin storage but also the first commercial wallet for bitcoins. This is the first wallet that will hide the use of bitcoins to protect against #murderware, and the wallet will also have a built-in response center that will analyze and send information to the police if you are tortured or robbed. And in the future will have its own private security company to ensure the safety of the owners of bitcoins. And of course your bitcoins can not be stolen remotely, it only works with the constant use of cold storage, is easy to use and has additional security and anonymity built into it.
To create a service for protecting bitcoins and their owners, the platform will issue 80 million tokens within the ICO (destruction of the unsold balance at the end). 40% of the profits from the created BTCWALL purse and services complementing it will be distributed among all owners of BTCW tokens. BTCW tokens will be supported by the BTCWALL wallet, used for the work of the built-in anonymous exchange in the purse, for payment of premium subscriptions for BTCWALL services and for payment of the services of an international private security company. Every new crime against the owners of bitcoins that got into the press creates a demand for tokens and services of BTCWALL.
The planned profit, depending on the amount of funds raised, ranges from 270,000,000 $ to 1,570,000,000 $ for the first year, or from 7,850% to 13,500%, profits will come from sold wallet licenses, premium subscriptions, services of a private security company , and the built-in anonymous distributed exchange in the wallet.
We plan to raise from $ 2,000,000 to $ 60,000,000 (see the road map for details)
Information about the development team bounty campaign will appear later on our website.
pre-ICO will take place in September 2017, a discount of 70%
WEBSITE: http://www.btcwall.io
WHITE PAPER: http://btcwall.io/whitepaperENG.pdf, http://btcwall.io/whitepaperRUS.pdf.
TWITTER: https://twitter.com/btcwall
TELEGRAM: https://t.me/joinchat/E1xbSAtny4NewcUF1waTwg
SLACK: https://join.slack.com/t/btcwallworkspace/signup /MjI5NzY4MTMyNTI4LTE1MDM0NzE3NDUtODMzYzVmZDhlZg
YOUTUBE: https://www.youtube.com/channel/UCybHHD6mPD_lt-JLP66YvOw
pre-ICO STARTING 25 September !
pre-ICO will continue until 1 000 000 token sold.
This is the pre-ICO contract address you should send ETH to:
0xDcFb39b42f44f654d8Dd96dfE9Ba37Da3756c262
after your make investment, you will get BTCW tokens on your etherium address instantly (after few minutes).
pre-ICO -70% price, starting 25.09.2017
pre-ICO 1 token = price 0.30$ or 1 eth = 459 BTCW token
minimum invest = 0.30$ or 0.0021786492374728 eth
pre-ICO BTCW token supply distribution 1 000 000 (300.0000$ or 2178 eth with disount 70%)
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need 16 BTC loan, I will pay back in 1 week
send it to : 17mczuqJ2qoT9DXSi7x1WfWKXdsngpiqq2
After you send it post below your BTC address where I need to send the 18 BTC in 1 week
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I do believe this will be the first time the difficulty has ever dropped two times in a row.
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Two and a half hours to the difficulty retarget, and it's going to be a doozy.
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This probably goes without saying, but it could be an easy thing for someone to miss and get concerned about. The unreliability of Mt. Gox at the present time appears to have caused the trade and depth data to get way out of sync on bitcoincharts.com. (bitcoinmonitor.com seems comparatively reliable for trade data.) Also, when Mt. Gox does load, it ought to show your correct balance, but it may fail to display your open orders (an AJAX issue). So just a PSA not to panic if you don't see what you expect.
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Woke up this morning and checked the markets. "Oh", thought I, "it's still around $2.85. Nice to know it's stabilized a bit."
And then I saw the 3.
This is just getting silly.
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Just a random observation which may not mean anything. I was looking at the Market Cap values over at http://bitcoinwatch.com/ and doing some quick conversions. I found that EUR, PLN and GBP all worked out to a market cap of ~$14 million USD, and the PLN market cap is ~$17 million USD, while (at the time of the posting) the USD market cap is ~$16 million. Is there a reason why the EUR, PLN and GBP exchange rates would tend to move in sync, separately from the USD rate, while the PLN exchange rate would tend to correspond more closely to USD? (I haven't confirmed that this is a trend yet and not just a coincidence.) |
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Omani rial: 2.5973 USD Bahraini dinar: 2.6527 USD Kuwaiti dinar: 3.6450 USD After that, there are no higher-valued national currency units. So... XAU, I guess.  |
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I've seen this question answered before, but I can't recall where. What is the maximum number of transactions per block?
Will/can the average number of transactions per block increase with time? (Right now it seems to be about 10 or 15.) If so, what mechanism will cause miners to start including more transactions in their blocks?
Is there a maximum amount of time any given transaction will stay unprocessed? If so, what mechanism is responsible for that?
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There has been some debate here about whether the Federal Reserve is a public or private institution. Caught an interesting factum while watching CNN today: while talking about the consequences of a government shutdown*, the news host said the "good news" is that such a shutdown would not affect the Federal Reserve, so we can rest assured that "money will keep flowing" in the economy. Yay...
* - for those who haven't been keeping up on US politics, unresolved debates over the budget have brought the government to within a few hours of ceasing all nonessential services and suspending pay to government employees
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There have been several discussions about how, in order for Bitcoin to have a stable economic foundation and continue to grow, we must get bitcoins into as many people's hands as possible. Instead of putting pressure on those who have already saved up large quantities of bitcoins to find ways to spend / distribute them for the "greater good", I think it makes more sense to try to direct newly minted currency toward new users.
I was wondering if anyone would be interested in the idea of a "charity" mining pool, where the proceeds would be distributed to new users just like the Bitcoin Faucet does, except in larger quantities (perhaps 1 BTC / person?). If the mining faucet runs dry, payout requests would go to a waiting list. Even if the miners weren't earning any profits from this directly, over time it should start to drive up the value of their savings by increasing demand for bitcoins.
The substantial payouts would probably make this more of a target for abuse than the existing Faucet... what security measures would you recommend beyond the Google account verification that the Faucet uses?
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My parents pledged to a charity today and had to set up automated withdrawals with their bank account. This got me thinking - automated deposits are trivial with bitcoin, but automated withdrawals are (by design) not really possible, except by giving away your private key. (I'm not sure what sorts of security measures are in place with automated withdrawals from ordinary bank accounts. It may not be anything more than the reputation of the withdrawer, and the force of the law, i.e. no better than giving away your key.)
Anyway, I was thinking that in lieu of literal automated withdrawals, a system like the following could be really useful once bitcoin comes to be used for loans, rent, payment plans, and charitable pledges: the payer can set up automated payments, and the program, so long as it is active, "phones home" to the receiver to report that the payment is in place. That way the receiver knows if they don't receive their payment that the payer hasn't simply forgotten to send it, but is either NSF (which could be easily determined beforehand by looking at the blocks) or deliberately scamming them.
Is this something that would give lenders a little bit more of a sense of security and legitimacy in their transactions? Is there a way this could be set up such that when the program reports to the receiver that the payment is in place, this could be trusted and "unspoofable"?
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Open thread to discuss unusual or confusing transactions observed on http://blockexplorer.com , and possible explanations for them. To start things off... does anyone know what's going on with this block? http://blockexplorer.com/b/115060There are more than 70 transactions of over 1000 BTC in a single block! Each transaction appears to feed into the next one, which is why they all appear in descending order of value. |
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I've experimentally made a couple posts on http://witcoin.com now, and I've found that, not only is it a challenge to get people to upvote / comment on your posts, but it's a challenge to get them to even view your posts. Right now the most views any of my posts have is 3, and the posts by other people that I've commented on or upvoted aren't faring much better. (By comparison, it seems that posts on this forum tend to get a couple dozen views in the first few minutes after posting.) Is the key to getting a post noticed in having a catchy title, then? Building a reputation? Linking to it on other sites? What works for you? |
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Considering there seem to be quite a few Chinese users here, and I speak some Chinese and have experience teaching English in China, I thought it would be worthwhile to offer some English language services.
I am willing to:
- conduct informal English lessons and English conversations over Skype or QQ
- review English essays, point out mistakes, and teach you how to avoid those mistakes
- help users to write forum posts with native-level English
I'll set prices if anyone shows an interest.
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I've attempted my first "send" transaction, of 0.10 BTC to witcoin. It's just sitting there with 0/unconfirmed status, which sounds like a common problem for small transactions (I've waited just shy of an hour so far). The thing that alarms me is that, searching for the sending and receiving addresses, I cannot find my transaction in this list: http://bitcoincharts.com/bitcoin/Is that a bad sign? Sending addresses: 1P1qHQihBHB1... and 1KARXJGMUJIB... Receiving address: 1Hrh8Y8ejWAp... |
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I was thinking about the issue of lost coins last night. I read in the FAQ the idea that lost coins aren't lost value, as the value of a lost coin will be redistributed to all other coins in the economy. However, it also states that there is no way of distinguishing a lost coin from a coin in savings. It follows that whatever impact the coin's "loss" had on the economy (apart from its owner) took effect as soon as it exited active circulation, not when it was lost. It follows from that that savings have the power to increase the value of all the coins in circulation, which would motivate more savings, and... of course, what I'm describing is the deflationary spiral which has already been talked to death here.
But assuming the simplest economic model of bitcoin possible, let's follow this thought experiment through.
So everybody wants to save their bitcoins instead of spending them, because the value is increasing, and as more people start saving, that increase appears to accelerate. However, savings as a fraction of the total bitcoin money supply will follow an S-curve; the deflation will start to decelerate as the majority of the money supply winds up in savings.
At this point, bitcoin owners will realize that they are sitting on piles of gold, but that deflation has become so slow that their savings cannot reasonably gain any more value (in this simple model). Furthermore, if some other saver were to get the notion to start spending, the increased circulation would cut into the value of your savings. Clearly it is imperative to be the first one to start spending, and thus maximize your buying power before everybody else jumps on the spending bandwagon! This would start an inflationary "spiral" (though not hyperinflation, obviously, because there is an upper limit on the amount of currency in circulation).
I imagine these forces would not swing back and forth between such extremes, but would rather balance each other out somewhere around the middle. Once new bitcoins are no longer being produced, I foresee that fairly constant ratios of coins will remain in circulation and in savings. The inflation/deflation rate should tend to zero, excluding the very important effects of population growth, economic growth, etc.
Do others agree with this assessment?
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