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701
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Other / Beginners & Help / Re: How were my encrypted wallets hacked? I even used truecrypt and dummy wallet.dat
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on: May 13, 2013, 12:50:47 AM
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I personally don't have enough bitcoins for anyone to care including me if I were hacked (a few dollars), however if you start having more than $2000+ in bitcoins you may want to take a few hundred dollars of it and create an offline armory in order to help protect yourself. One of the most secure things I know of. I'm worried my computer may have something bad because I don't pay too much attention when downloading stuff (I know what it is but normally allow things to run), so I'll need to scan my computer for a keylogger.
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703
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Other / Beginners & Help / Re: How rich are the richest Bitcoiners?
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on: May 13, 2013, 12:43:27 AM
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I have to assume there are tons of early adopters who mined and/or accumulated Bitcoins when it was much less valuable than it is today. Out of pure curiosity, does anyone knowledgeable have guesstimates: 1) How many Bitcoins do some of the richest Bitcoiners have? I would guess in the 10s of thousands though I don't think really anyone has 100,000+ maybe a company though. 2) How many Bitcoiners have accumulated more than $1 Million U.S. dollars? Several though not to many because very few people have been here since the beginning, who bought a lot at the beginning and held it the entire time. You'd have to be a true believer for that. If you have any other interesting knowledge along these lines, I find the topic fascinating... I do too  |
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705
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Other / Beginners & Help / Re: Greetings!
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on: May 13, 2013, 12:41:01 AM
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Hello, welcome to the forum, I hope you enjoy your stay and have a great time! If you have any questions feel free to PM me.
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707
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Bitcoin / Bitcoin Discussion / Re: Newly Updated BTCFollower
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on: May 13, 2013, 12:37:29 AM
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You need a custom design for the website to make it look nicer w/ some more content. It seems like your just trying to advertise your youtube channel which makes it seem like a not very useful site to me.
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710
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Bitcoin / Bitcoin Discussion / Re: A big milestone - 2^70 hash operations
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on: May 13, 2013, 12:34:38 AM
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But it's still probably just an estimate.
My understanding is that it may overshoot or undershoot between blocks (because it doesn't know the exact number, only the average) but the average over all these years should be very close to the real number. And what percent is that number, from all the possible 2^256 SHA256 hashes? 2^70 / 2^256 = 2^-186 = 1.02 x 10^-56 = 1.02 * 10^-54 %0.00000000000000000000000000000000000000000000000000000102 %Very small. Exponents are powerful. Edit: fixed # of 0's And just wondering, what happens when it reaches 100% or 2^256. And yes I agree, exponents are amazingly powerful:) |
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712
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Bitcoin / Bitcoin Discussion / Re: Bitcoin and Trust
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on: May 12, 2013, 11:35:40 PM
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I agree that trust is a big problem. The problem with bitcoins that isn't the problem with real cash is it is a lot easier to scam/steal people's money and also it is a lot easier to remain anonymous. However, I think bitcoins have more advantages that will make it worth switching too.
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713
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Bitcoin / Bitcoin Discussion / Re: 51% attack is a myth
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on: May 12, 2013, 09:51:59 PM
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You guys realize that even though the network power is 90th/s as of now and will increase rapidly as Asics come online, if a 10% or 51% attack is possible, someone will gain enough control to do it, regardless of whether or not they abuse their power. A company will realize the profits a lot and purchase a ton of Asics to gain full control of the network.
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714
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Economy / Service Discussion / Re: Exante Bitcoin Fund? Legit, Fraud, good buy, or what?
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on: May 12, 2013, 09:38:14 PM
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If something could get you a 1000% return every 3 months on over $100,000, it is either a very successful ponzi scheme, or a scam in my opinion. If a service could provide that everyone would use it, and the creator could just put in his own money and even if he only had 1 btc to start he would get to 90 btc in one year and 8100 the year after...
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715
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Bitcoin / Bitcoin Discussion / Re: A new Catchy name for 0.0001 BTC?
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on: May 12, 2013, 09:33:29 PM
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How about...
Bitcoin ?
Using names other than Bitcoin - Andresen, Millibit, Satoshi etc will just confuse people.
Instead, redenominate the Bitcoin as 0.0001 BTC and rename the present Bitcoin a Satoshi.
So you will have
1.0 BTC old Bitcoins = 1 Satoshi.
0.0001 BTC old Bitcoins = 1 (new) Bitcoin
Yeah, that won't confuse people, I'm sure...  +1 Definitely won't confuse people right? |
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716
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Bitcoin / Bitcoin Discussion / Re: How you will pay for Bitcoin network access services in the future
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on: May 12, 2013, 09:32:27 PM
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I personally believe that a large company such as google, which has tons of data centers and the such will come in to bitcoins, see the money to be made (especially the $1b+ in bitcoins to be released over the next few years at the current price) and basically make a huge Asic center designed to mine bitcoins all day that controls say 70% of the network hashing power.
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717
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Bitcoin / Bitcoin Discussion / Re: Will multisig escrowing be Bitcoin's "killer feature"?
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on: May 12, 2013, 09:30:45 PM
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It could be, however, that would require someone to really believe in it and have lots of coding knowledge and such to go out there and make a super simple super easy to use interface for it. I definitely wouldn't like it if it had a complicated interface because I would always be worried that I could mess it up and lose some of my BTC especially as the transaction sizes became larger.
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718
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Bitcoin / Bitcoin Discussion / Re: Videos of Bitcoin
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on: May 12, 2013, 09:28:25 PM
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Great idea for a thread. We could also make a thread like this for compiling useful articles related to bitcoin. I personally never really watched informative videos much until I found out how useful they could be recently, so I'll have to check these out especially because I'm pretty new to bitcoins. Thanks for all the links:)
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719
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Other / Meta / Re: Request for new Child Board of Off-Topic
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on: May 12, 2013, 09:26:26 PM
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I agree with you there should be a reputation thread child board, however I think it should belong in the marketplace. It would help decrease those flooding the off-topic board and even a few in the newbie forums.
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