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1281  Bitcoin / Bitcoin Discussion / Re: The emergency death plan on: February 19, 2014, 08:31:16 PM
Holliday -

I have been thinking about this pertaining to other issues with wills, etc.  Can you explain the process of leaving pieces a little more?  You'd give pieces to Lawyer, Friends, etc .... but who is the true intended recipient in that scenario?   Lets say I wanted to make sure my wife got everything, but I wasn't 100% sure those I entrusted, would give her everything.  Why am I giving everyone a piece, and what piece does the wife get?  Some special piece?  Sorry, this is probably obvious but I just wanted to be sure.

-B-

If you trust your wife, just give her full access to your cold storage method.

If you don't trust your wife, but want her to have your bitcoins when you die, create an M of N wallet. Put a piece in your will, put a piece in your safe deposit box (she should be able to access it when you die), and give her the final piece(s) necessary to construct the wallet.

She won't be able to touch your bitcoins. Anyone with access to your will won't be able to touch your bitcoins. The establishment which controls the safe deposit box won't be able to touch your bitcoins. Yet, when you die, she will be able to obtain all the pieces necessary to construct the complete wallet.

If there is a piece of the puzzle which you do not trust (say you don't think the bank will allow access to the safe deposit box), adjust your scheme accordingly. Add redundancy. Make it so she only needs 1 piece from either the will or the safe deposit box.

1282  Other / CPU/GPU Bitcoin mining hardware / Re: How to fix 2 "scrap" gpus? (not oven method) two 6950s for 70 usd on: February 19, 2014, 08:22:45 PM
There is a mining hardware forum. Most of your threads are placed in the wrong forum, which doesn't do much to help you get an answer.
1283  Other / Off-topic / Re: What will happen when we hit 21 000 000 bitcoins on: February 19, 2014, 05:07:11 PM
By then Bitcoin will be successful or a failure. I doubt it will only be a niche thing at that point. If it's successful, there will be millions of transactions fighting to be included in a block. Miners will be fine. If it is a failure (replaced by something else), well... who cares about how Bitcoin miners get paid? Smiley
1284  Bitcoin / Bitcoin Discussion / Re: cnn on: February 19, 2014, 05:02:11 PM
We have a press forum.
1285  Bitcoin / Bitcoin Discussion / Re: The upside on: February 19, 2014, 05:01:48 PM
Some people say the price is going to go to $100, $10, etc, etc.

We are talking mBTC, right? Wink
1286  Bitcoin / Bitcoin Discussion / Re: The emergency death plan on: February 19, 2014, 05:00:07 PM
Use a M of N paper wallet. There are many places you can keep pieces for your family to access if you die. Will. Safety deposit box. Et cetera.

Anyone with access to only one piece won't be able to do anything with it. Make sure your family can get the pieces to access your coins in the event of your death.
1287  Bitcoin / Bitcoin Discussion / Re: Anyone remember the photo/background of peer to peer nodes in bitcoin network. on: February 18, 2014, 06:09:12 PM
I found a different version though.

1288  Bitcoin / Bitcoin Discussion / Re: Anyone remember the photo/background of peer to peer nodes in bitcoin network. on: February 18, 2014, 06:04:50 PM
Yeah that is it.  (I guess it is a small "sea" of nodes, maybe a pond of nodes).

You got a link to the original?

No, I just did a google image search.
1289  Bitcoin / Bitcoin Discussion / Re: Anyone remember the photo/background of peer to peer nodes in bitcoin network. on: February 18, 2014, 06:00:19 PM
I doubt this is it since it doesn't give me the impression of a "sea", but maybe close to what you are looking for?

1290  Economy / Speculation / Re: Possible outcomes of the Mt. Gox fiasco - my speculation on: February 18, 2014, 04:43:14 PM
If only there were some kind of laws or rules in place to prevent companies like Mt.Gox from doing this shit....

First of all, these laws exist.

Second of all, laws don't prevent bad things from happening. They allow the victims (if they are still alive) to seek justice in the court of law.

A better solution is to protect yourself from the start.

If you aren't the sole controller of your private keys, you don't have any bitcoins. (That's a "law" I can live by.)

If one wants to speculate on the Bitcoin exchange rate, one has to understand the third party risks involved.
1291  Economy / Speculation / Re: Possible outcomes of the Mt. Gox fiasco - my speculation on: February 18, 2014, 04:37:28 PM
Gox is done. Even if they fix their withdraw issue, it isn't the only issue plaguing them.

They handled the transaction malleability problem in the worst possible way. They thought it was better to blame known protocol issues instead of their custom implementation which if done correctly would have easily handled transaction malleability.

Gox has plagued Bitcoin for long enough. I expect them to fix this single problem and then be relegated to the dustbin of history.

Anyone who continues to use them after this most recent episode of Goxxing is a moron and deserves any future abuse they receive at the hands of Gox.
1292  Other / Off-topic / Re: Mathematician: Is Our Universe a Simulation? on: February 18, 2014, 06:50:45 AM
Would you do anything differently if the universe was a simulation and you knew it? Would you want to know?
1293  Other / Off-topic / Re: Mathematician: Is Our Universe a Simulation? on: February 18, 2014, 06:42:52 AM
http://en.wikipedia.org/wiki/Evil_demon
1294  Economy / Speculation / Re: Mt. Gox Announces New Daily/Monthly Withdraw Policy! See Why on: February 18, 2014, 06:38:56 AM
Bitcoin is supposed to be free from those regulations/restrictions. What happened to opensource?[/b]

You aren't dealing with bitcoin at Gox, you are dealing with bitcoin IOUs. Those IOUs might be worthless if organization issuing them turns out to be less than trustworthy.

If you aren't the sole controller of your private keys, you don't have any bitcoins.
1295  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 17, 2014, 11:06:39 PM
I find it disturbing to think that criminals with these characteristics are becoming wealthy and powerful through bitcoin.  It makes me worried about the future of human life.

Don't worry. They can only take from the unprepared. In the long run, they are doing everyone a favor.
1296  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 17, 2014, 10:56:35 PM
http://www.slate.com/articles/health_and_science/climate_desk/2014/02/internet_troll_personality_study_machiavellianism_narcissism_psychopathy.html

I do agree after reading some of the posts here. Not as bad as the Trollbox at BTC-e, but still... I think this is just a little bump on the road. Everyone should chill, and wait. Holding!!

Interesting reading. Thanks.
1297  Bitcoin / Bitcoin Discussion / Re: @fonestar (on the ZeroKnowledge Blog) is a true hero on: February 17, 2014, 10:39:20 PM
If you dont have gold and a rifle in your hand, you dont own it.
The sames goes with bitcoin, how can you own it when your wallet might be hacked or your HDD might crash?

Bitcoin is easier to protect (and conceal) than gold.
1298  Bitcoin / Bitcoin Discussion / Re: Linux live cd with Bitcoin already installed? on: February 17, 2014, 10:22:18 PM
Wouldn't trust it, if it did exist.

Which flavour of linux you using? I've not had problems on Mint, so expect all flavours Debian are stable.

Can you not just download bitcoin-0.8.6-linux.tar.gz from https://bitcoin.org/bin/0.8.6/ extract from tar.gz and run the //bitcoin-0.8.6-linux/bin/32/bitcoin-qt ?

I'm using Ubuntu 12.04 but have had problems installing from the terminal. I haven't extracted the tar.gz from bitcoin.org and I guess I could try that and see if that works I don't know why it's not working in the command line because I have root access etc.

sudo add-apt-repository ppa:bitcoin/bitcoin
sudo apt-get update
sudo apt-get install bitcoin-qt
1299  Bitcoin / Bitcoin Discussion / Re: What bitcoin is for you ? on: February 17, 2014, 10:08:42 PM
Financial freedom. The ability to store and transfer value without asking for help from a middleman or permission from an authority.
1300  Bitcoin / Bitcoin Discussion / Re: Is my layman's understanding of transaction malleability correct? on: February 17, 2014, 10:00:53 PM
Maybe this thread will help out?

https://bitcointalk.org/index.php?topic=460944.0
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