Hi,
Probably not the first to ask it but can't find this here.
Copying armory software with USB to offline PC and installing it there can bring a virus to the offline PC.
Then even when using a new USB to pass watch-only wallet fie to online PC the virus can go back to the online with all the offline wallet data.
Isn't this a big security fail? What am I missing?
Thanks

Let's say I am sending 1 bitcoin from address "A" to address "B"
Is it possible to do it in such a way that:

1)to transfer bitcoin form address "B" to address "C" it can only be done with private key "c".
2)to transfer bitcoin form address "B" to address "D" it can only be done with private key "d".

and of course "c","d" are different.

Pay with bitcoin is too difficult at this point I think because people need to learn what bitcoin is and how to use it and because it is volatile.

Instead people should pay via bitcoin. Lets Say I buy something from a US website but I am not from the US.
I got 3 options of payment:
pay with Paypal and it will cost me 102$
pay with bank wire  and it will cost me 100$
pay via bitcoin and it will cost me 98$

pay via bitcoin = I pay 98$ worth of my country's currency, I don't know what bitcoin is and I don't care, all I know is it is cheaper than the other methods of payments. behind the scenes BTC is bought with my country's currency and the BTC are sold for US dollars to pay the website.

So this is like "bitpay" for the client side as well.

Do you think it is possible to make this "pay via BTC" cheaper than other methods at least for international purchases?



 

 

justanickname is lending  5 BTC to arepo for a period of 100 days,

from justanickname's address 1DjY14jzd7bwSvJ3e1qDKqAstoFMwPcJUm to arepo's address  14uq7t7CmbGoLGEaXS7xhwpEEbeosXVtUd

arepo must pay justanickname 6 BTC to 1DjY14jzd7bwSvJ3e1qDKqAstoFMwPcJUm by June 19, 2014

My question is, what if all of a sudden a big crisis occurs like a dollar collapse and millions will buy bitcoin all at once.
Can the current bitcoin infrastructure handle the sudden amount of transactions?
I fear that bitcoin will collapse because people will see that it takes months to do a simple transaction because of the overload.

So to handle the overload we will need to increase block size limit, but will it be healthy/possible to increase block size limit in a few orders of magnitudes, in a short period of time, without ruining the decentralization of bitcoin?

I am afraid that we need our lousy economy to last a few more years until bitcoin is strong enough.

And another question, lets say I got my gox from someone,
can I pass them to another account with my unverified account?
Thanks

I wonder what will happen when BTC will be around 1000USD.

Will the adoption of BTC continue? or will it be halted and people will start buying altcoins because they are basically the same and they are much cheaper.

Isn't it possible that instead of 100000USD worth of BTC, we will  remain in current price and we will have dozens of altcoins valued 100-1000USD each?

Just wondering, I have no idea, do you?

I am sure this was discussed a lot but I still don't understand.

I know the code is open and anyone can read it etc.

But for instance let's say I have an improvement to the code. It will only be accepted if the known developers will allow it - which means they have some control over it.

this is from wiki: (https://en.bitcoin.it/wiki/Myths#Bitcoin_is_not_decentralized_because_the_developers_can_dictate_the_software.27s_behavior)

"Though the developers of the original Bitcoin client still exert influence over the Bitcoin community, their power to arbitrarily modify the protocol is very limited."

So even wiki admits, that the developers do have some control over it!

wiki continues:
"Since the release of Bitcoin v0.3, changes to the protocol have been minor and always in agreement with community consensus."

what is exactly this "community consensus"? who are these people? I don't remember anyone asking me if I agree for each modification they are doing to the code. Ain't I part of the community?

The truth is that all I do is download bitcoin QT and hope for the best, while there are 100 or 1000 (or any other small amount) of people
who makes the decisions for us all.

So I am asking:
1)how can one say that bitcoin is totally decentralized?
2)Where there are people there is corruption, Aren't we suppose to be worried that this limited group of people will ruin the protocol?
3)Can someone explain in a nutshell what can the developers change and what they can't change in the protocol?







 

[13.5BTC for 50 shares.0.27BTC for 1 share.]

I am part of a 27 KNC Jupiters group buy: https://bitcointalk.org/index.php?topic=244042.0

I own 50 shares which equals to 20% of 1 Jupiter. (around 105 GH/s total);

Each week I will receive dividends for my shares and lower my asking price accordingly.

You can buy some of the shares or all of them.
Regardless of how many shares you buy, you need to pay an extra 0.1 BTC fee for transferring
the ownership of the shares from me to you (this is the group buy managers requirement).

If someone bids, I will wait 3 days for others to bid a higher price than the first bidder (0.01BTC minimum increment per share).
So this is actually turns to a regular auction for 3 days if someone bids. After 3 days if there are any shares left I will continue
to lower the price each week.

This week Ask is:
13.5BTC for 50 shares.
0.27BTC for 1 share.

Have a good week!

By ROI I mean: "mine the amount of BTC that could have been bought directly on day of payment for the jupiter, at least".

It should be about 55BTC to mine at least.

Seems impossible to me. What do you  think?

[Min BID is 30.1 BTC]

In short:

50 shares of this group buy are equal to  80.6GH of KNC jupiter, September DAY 2 delivery.

These 50 shares will become 2500 ADDICTION shares when the miners arrive.

https://bitfunder.com/asset/ADDICTION

Min BID is 30.1 BTC which is 0.01204 BTC per ADDICTION share.

(30BTC+ 0.1BTC fee for transferring ownership).

Bid increments are 0.1 BTC.



more details:

Group buy thread, full explantaion:
https://bitcointalk.org/index.php?topic=238336.0

Proof that I own 50 shares of miner 3 in this group:
https://bitcointalk.org/index.php?topic=238336.msg2523129#msg2523129

DAY 2 delivery (only 24 hours after DAY 1):
https://bitcointalk.org/index.php?topic=238336.msg2748850#msg2748850

Security thread:
https://bitcointalk.org/index.php?topic=244042.0

My Armory is not working any more.
I have a signed transaction which was created
and was signed offline with Armory.
I am trying to broadcast it here:
http://blockchain.info/pushtx
But I don't know exactly how to do it.
Just copy paste the transaction text won't do of course....
What parts of the armory transaction I need to erase for it to work?
Thanks

Or those guys who sell large amounts at once buy them all back at some point?

Is there anyway to detect this?

If they do buy them back than BTC is not decentralized at all IMO.
The fact that a few can control the market and manipulate the price
because they own large % of the total BTC, means it's centralized.

 

I have some questions for the pros here:

1)Why do you think the governments will not kill bitcoin and just let it grow? Currently they are much more stronger than the bitcoin community,
 and bitcoin is a"Clear and Present danger for them" they are not stupid.

2)And regarding the former question, how can you tell that this current rise of value is not actually a planned government bubble?

3)On the Other Hand if bitcoin is the future money and 1 BTC will be worth 100,000$ or more, mathematically,is it possible NOT to rise that fast at some point in time?

4)A bit off form topic but i got to ask, the fact that bitcoin is decentralized is not clear to me because there are only a few who control the software so isn't this like being central authority? they will decide how will the next upgrade be won't they? if I look at the code and see that they are doing something wrong and unfair, what can I do about it? how can I stop them?


Thank you all!
 

First of all I apologize if this has already been discussed, I searched and couldn't find it.

The other day I tried to import my wallet from paper back and I probably had some mistakes when typing,
but instead of the regular error message, I restored  a wallet which wasn't mine!

I didn't pay much attention to it and afterwords I restored correctly my real wallet but then it made me wonder,

How many different armory wallets are possible?

How come wallet id's are so short?    (like 9 char long, each char can be a digit, small or capital letter  - (10+26+26)^9=13,537,086,546,263,552 possible wallets -
is this number big enough for the whole world?)

What is the probability that someday someone  in the world will accidentally restore my wallet in his PC?

thanks
 

Assuming prices of hardware are in USD.

1)If  difficulty rises fatser than BTC/USD rate I understand the rush!


2)If difficulty and BTC/USD rises at the same rate, if you buy early you have risk like bad devices, shipping problems and scammers,
and you will not earn more, because if you buy late it is more difficult to mine but you bought the hardware for less BTC.


3)If difficulty rises slower than   BTC/USD rate you should not buy.
and this is the situation we have right now, AVALON 2nd batch part 1 payed 75 BTC a piece while part 2 of this batch payed around 56 only 2-3 weeks later.

So, it seams that currently we are in situation 3, at least till 2 weeks ago, so what's the rush? Am I missing something here?

Hello,

I have just joined the forum to post a bid in this auction:
https://bitcointalk.org/index.php?topic=144574.0

Because I am a newbie I cant post there.

Can someone who is not a newbie post my bid for me?

something like:" justanickname is a newbie, I am posting his bid -  25@0.45"

Thanks