408
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Bitcoin / Armory / Re: Armory 0.96 is out
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on: May 24, 2017, 03:37:17 AM
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I'm having trouble verifying the PGP Signature of the 0.96 hash with the Offline Signing Key. I've imported the Offline Signing Key from the Armory website (0x98832223) into Kleopatra , but when I try to verify the signature, I get the message:
"Signed on 2017-04-30 20:20 with unknown certificate 0x8C5211764922589A. The signature is invalid: No public certificate to verify the signature"
The hash of the installer matches the one provided on the Armory website for the win64.exe file (fce84bd0964a43a677b1be689e321c562c10a202a35fd052975f3c3536055dd7)
What am I doing wrong?
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414
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Economy / Economics / Re: STOP BUYING INTO ALT COINS , as you are indirectly hurting Bitcoin
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on: April 28, 2014, 05:28:17 PM
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For every 1 Altcoin sold, an Altcoin is bought.
Example:
I mine an Altcoin:
Mine 1000 ALT Sell 1000 ALT at 500 Satoshis.
Someone just bought 1000 ALT, someone just sold 1000 ALT. BTC is unaffected. This is like saying "stock trading hurts USD".
Opportunity cost: you could buy bitcoins intead and give btc more value. Each time someone leaves btc to invest in stock markets or something else, it hurts because the selling pressure. Stock trading also hurt btc with the opportunity cost issue, and btc hurts the stock market. So few to invest, and so many investiments. Yes, but when someone sells their coins, someone has to buy the coins, or else there is no trade. For every Sell there is a Buy. ...and every sell drives the price down, which hurts Bitcoin: currencies are unusual in that their utility increases the more they're worth. http://themisescircle.org/blog/2014/02/12/im-hoarding-bitcoins-and-no-you-cant-have-any/
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415
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Economy / Economics / Re: STOP BUYING INTO ALT COINS , as you are indirectly hurting Bitcoin
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on: April 27, 2014, 03:04:50 AM
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The real people who hurt bitcoin are hoarders who never spend it
Exactly the opposite is true: hoarders give the currency value. If a currency is hoarded and seldom spent, is it still a currency? Yes; the more it is hoarded, the more valuable it will be as a currency. Without hoarders, there is no demand, and therefore no value, to it as a currency.
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