I find it hard to believe anyone that holds BTC feels zero joy on a rise and sadness on a drop.
The best investors do not allow emotion to get to them when making investing decisions. IF someone were to have joy (greed) when the price is appreciating and sadness (fear) when the price is falling they have a much greater chance of losing money and/or having a lesser return on their investment |
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Find an altcoin that you have faith in. Something that is different and in some way better than the rest. Study market trends, check out different coins, find one that is under valued and buy as much as you possibly can. This is how warren buffet made his billions in the stock market. By finding a company that was undervalued by everyone else but he saw potential in. Then he loaded up on the stock and waited.
I would suggest Supercoin or Myriadcoin. Both have a TON of potential. I have a very large amount invested in SUPERcoin. It's technology is better than all other anon coins and it is so cheap right now. Buy for 500 satoshi and eventually it could be $1 or $10 per coin. Read, read, read... talk to people, study the charts, make a decision based on the information and you'll do just fine.
There isn't a single coin out there that can outdo Bitcoin, no reason to think any existing coin can overtake Bitcoin's spot, therefore, no reason to think there will be a x1000000 whatever price explosion like Bitcoin had. You could get some cash out of alts, but not rich, unless you hit a really lucky scenareo as greatle described by poster xmasdobo. Anybody can make 20-30% in a month. Not sure what your definition of rich is, but if you invest 100k and you are making 20% or 20k, you're doing very, very well...so not really sure what you are saying The altcoins that do have these kinds of returns do not have that large of marketcap that would allow someone to invest $100k easily (or at all). It is very rare for an alt to have a market cap in 6 figures, and many alts do not even have a 5 figure market cap. So someone may be able to have 100% and earn 20% on their investment but they would not be able to earn 20% on the entire 100k |
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I don't know why anyone trusts any of these bitcoin sites to hold their coins.
If JP Morgan can't secure their networks how is some hack with a small team going to?
At least I didn't lose a large amount, only £20 worth, isn't coinbase insured?? if someone could hack coinbase and had peoples login details.. they would not need to ask for bounties
also its usually the OP posting a link to a scam that is usually the culprit that will financially gain from it
I'm not a scammer? I lost access to my coinbase account and this is what I found, is anyone else locked out of coinbase? I'd say the guy cleaned out all those coinbase accounts and is trying to sell the database as "fresh"  IIRC you had posted a past bin about Satashi posting a PGP signed message to have people send him 100 BTC for some reason. The PGP "message" was not even signed, but was rather encrypted to someone's PGP key. Clearly another scam. I'm always watching out on pastebin for news of hacks, this is usually where leaks first appear, not only an hour ago a tonne of instagram account details where leaked on the site. Well the first "hack" that you posted about was beyond a reasonable doubt a scam, there is no question about it. You would need to be lacking any reasonable knowledge about how GPG works in order to believe the first "hack" This one is not 100% sure to be a scam however it certainly looks, feels and smells like a scam. I would also think that if coinbase was in fact hacked then you would not lose access to your account unless they turn off the site completely so they can try to recover from the hack which they have not |
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if someone could hack coinbase and had peoples login details.. they would not need to ask for bounties
also its usually the OP posting a link to a scam that is usually the culprit that will financially gain from it
I'm not a scammer? I lost access to my coinbase account and this is what I found, is anyone else locked out of coinbase? I'd say the guy cleaned out all those coinbase accounts and is trying to sell the database as "fresh" IIRC you had posted a past bin about Satashi posting a PGP signed message to have people send him 100 BTC for some reason. The PGP "message" was not even signed, but was rather encrypted to someone's PGP key. Clearly another scam. EDIT: here it is https://bitcointalk.org/index.php?topic=822628.msg9192431#msg9192431 |
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Seems to me that the bubble is still being inflated. It's just a matter of time that it bursts and this time will be even worse then before. The day that happens bitcoin will soar!!! Who knows when that will happen though. My guess is within 2 years.
Life is pretty good right now in the US economy at least by the numbers. If your looking for a job like me you might think differently.
It is a global asset bubble, not just the US. Most of the dollars that the US Fed has printed has found its way into emerging markets. Most assets have not made their way to emerging markets, although a lot of extra money has found it's way here. The vast majority of the money is on bank balance sheets via excess reserves. Above that much of it has found it's way into stock and bond markets which is creating a potential bubble in the bond markets especially |
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Many employers often have policies that allow employees to use their electricity for their personal electronic devices (for example for charging them). Even though using a miner would not fall under the spirit of this, it would likely still qualify as being within policy.
Mining is not "personal use", but a commercial activity. Most companies would not mind if the employee uses their printers/copies for occasional personal use, but would be very unhappy if someone uses them to make money on the side. Most places I worked, public and private, would leave at least some supplies for employees in a self-serve cabinet, with no controls. Taking a stapler home and letting kids use it at school would be a petty violation. Taking any supplies to sell them, or to use them in a private business, would be grounds for dismissal. Technically true, however most companies are not going to be tracking supply usage this closely. Also companies are not going to be tracking the purpose of the taking of office supplies. Also if the employee's electric usage really does only make a small impact on the company then it would likely not be advisable for the company to take action against the employee as this would hurt employee morale as they would be seen as going after employees over very small/petty violations.
It is not safe to assume that... On the contrary, the company would probably want to make an example of the employee, to deter all the others from doing the same. I am pretty sure that the companies I worked for would do that. The other employees would not see that as an injustice. You must have seen the news about that prof who used a cluster at his university to mine bitcoins. I don't know how it ended, but the univ wanted to fire him, and the govt agency that paid for the cluster wanted to sue him. Your example involves someone who used millions of dollars worth of equipment that was supposed to be used exclusively for research purposes that was used explicitly for personal gain. If you take action against an employee who "takes" a few dollars (or a few hundred dollars) worth of "company" electricity for somewhat personal use then you would essentially be rules with fear, which is a very poor way to manage your business. Any time you make an example out of someone you will be giving many other employees a reason to look for other work even if they are not breaking any rules as they will fear that the employer will find a reason to take action against them. I would also argue that many situations when a person has "free" electricity is when they are leasing an apartment or a house that is paid by the landlord and that the estimated price of electricity is factored into the rent. This is really a viable option if the landloard has many tenants they can "spread" the electric usage around.
One must read the contract carefully, it may have limits on usage, or it may forbid commercial activities. Besides, each apartment surely has a separate circuit breaker box that limits the power consumption to a few kW. One must also worry whether the wiring of the power outlets will support the load. This is true, however it does not mean this cannot be exploited. Also if you live in a house this kind of limitation would probably not apply. Also if your apartment were to have a washer/dryer hookup that you are not using you would probably have an outlet that has the capacity of using a lot of electriciy |
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This sounds a lot like another worthless altcoin to me. I don't see this adding anything of actual value that bitcoin cannot add and the network will obviously be much weaker then the bitcoin network.
Not an altcoin. Ponzicoin is only a name, a front. Is simply another method for using Bitcoin.  Wait what? How is this not an altcoin? How exactly does this work? Even though it would use the bitcoin blockchain it would still be adding nothing of value that bitcoin does not offer and would essentially be a ponzi (as the name implies). I see no reason to be using this. |
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I can't say I disagree with either one of you. When I was a young single guy in college I could have been either one of you. My attitudes changed when I became a father. I made the extreme post showing the photos because I want people to understand this is a real issue not a hypothetical one. Is the girl in the photo just some knocked up stupid bitch that let her boyfriend hook her on drugs or is she someone's daughter or sister in trouble? Perspective is everything. It's easy to want freedom for this drug dealer (or facilitator) if his release won't effect you personally. I know jailing this guy is like floating in a sea of shit and reaching over the side of the boat to pick up one turd. It seems stupid until you realize that all you can do is flush one turd at a time.
Young people don't always make the best decisions. Mainly because they're immortal. I know because I was immortal until I was about 30. I don't know how to get my kids to 30 without being overprotective. Many times the legal system overprotects people even when it can't really solve the problems. But some people think they're immortal or their just stupid and need protection. Is it the best system? Definately not. Is it a good system? Definately not but it's the only tool I have to work with today.
This is very true. It is also an example of how "entry level" drugs can get people hooked on being "high" and to be in search for stronger and stronger highs which will lead to people wanting to try harder and harder drugs until they are not able to control their addiction and it is a serious problem |
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So, Coinbase does a bunch of offchain transactions to save on miner fees, then they take all those transactions and put them on the blockchain all at once.
Is this correct? That is how it works, right?
What does that look like on the blockchain? When a third party like Coinbase enters in a group of tx at once? Anyone have a link to such a transaction?
No this is not correct. They only keep track of users' balances electronically. When a user wants to move their bitcon off of the coinbase "system" then coinbase will use various inputs that will be most efficient for them but will not necessarily be the inputs that you "received" from the off chain transactions. This allows for them to save on TX fees on the long term and allows them to have a competitive advantage for very small transactions |
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Maybe google strikes back at apple pay with a killer google bitcoin wallet. Google could get tons of merchants on board and bitcoin could be off to the races.
They have google checkout and failed to gain market share. Google checkout is really not a mobile application, it is more something that users can use in a similar way to using paypal or a credit card without trusting the third party site with your credit card number. It also has similar costs which consumers will not like as they do not like higher prices. |
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how about blockchain wallet ?
it has a feature of, 4 digit pin code , and 2fa which is sms code verification.
Don't use the Blockchain wallet. It reuses addresses by default, which means you have no privacy. It will only reuse addresses if you use a custom send TX, if you use the "send" feature then it should create a new address for your change address. |
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Chase also just refused an international wire transfer to BTC-e, claiming that "the government didn't allow it". I'm closing my accounts with them.
many exchanges are getting hit hard by regulations. i have stopped watching exchange price values ages ago as the volumes are so low that they should no longer be used to judge market cap value. BTC-E use to trade over 100k volume per day last year, now its settles at an average 15k-20k, with hardly any actual bank movements, mostly day trading. its not just chase bank, so it might be worth looking for other banks and also other methods to also buy-in The DOJ has been trying to shut down legal bitcon (as well as gun dealers and payday lending companies) companies that are operating within the law but are not doing things that the Obama administration "likes" |
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Don't forget, the possibility of paying first, and not receiving anything.
I cannot imagine anyone not using some kind of escrow for a transaction like this. DB essentially has the reputation to attempt to scam people so it would be crazy to send bitcoin to them first. They also have an incentive not to give the domain, code and accounts away first as they will likely face a lot of attempts to be scammed after they have shown their willingness to scam others |
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What would happen if every single Bitcoin user switched from downloading the blockchain to software like Multibit?
Bitcoin businesses have the biggest interest in securing the network and that's what they 'll do by running most of the bitcoin nodes. Light spv clients was the plan all along for the vast majority of users. This is probably true. Businesses that accept bitcoin (especially businesses that deal in large amounts of bitcoin) will want to "invest" in well connected nodes so TXs to and from their business can be well propagated and will confirm quickly. As the blockchain gets larger and more TXs start to appear on the network, the cost of running a node will increase which will decrease the incentives for people to run nodes at home |
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That's arbitrary. If he is Satoshi, then yes it's newsworthy. But if such assumption was based only on questionable evidence (name-match, the fact he didn't trust government too much etc) then the court may decide it was not newsworthy and that they violated his privacy. it is not "arbitrary" but it is open to some interpretation. They could have a judge decide but they could have a jury decide rather than the courts. In any case due to the number of news stories and discussions I just think it is a play by the lawyers to get some cash and the claim will go nowhere. Does newsweek not have it's right to freedom of speech and the freedom of the press? The idea behind both of these rights is that they allow for people to say and publish controversial ideas without the thread of criminal or civil prosecution. The only thing that newsweek could potentially be liable for is slander however they did not publish anything false that is negative to his reputation |
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It has been reported that many bitcoin related sites have been affected this forum. It is recommended that you change your password on any website that you have accessed in the last few days, especially ones that you accessed via TOR or via ISPs (including VPNs) that are untrustworthy.
I do however this this is one example as to why it is such a good idea to why 2FA whenever you can
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This sounds a lot like another worthless altcoin to me. I don't see this adding anything of actual value that bitcoin cannot add and the network will obviously be much weaker then the bitcoin network.
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...
In the event that the block size growth is not able to keep up with TX growth then the protocol could easily be forked again to increase the block size growth
Ya, of course it could. What could be easier than a simple little hard fork? Personally I never understood why we didn't do hard forks several times per week. There are serious risks to the miners when Bitcoin is hard forked. There is a possibility that some miners will not accept the fork at first which would result in the miners mining on a what will be a worthless blockchain. The network should really only be forked when it is absolutely necessary. |
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... Then there was an error message pop up, he closed it and refreshed the wallet page...
That probably was probably a key moment. Exactly. They were key logging him or had hijacked the computer and then transferred the money out. It is doubtful it was a MITM attack while using TOR when the easier method is to just have owned his computer. (Of course it is possible, just very unlikely). I also agree. A man in the middle attack is really not feasible with TOR. One theory as to what could have happened (besides spreading FUD) to the OP is that he went on a hidden wikki, looking for a .onion version of blockchain.info, clicked on a fake blockchian.info link (hidden wikki is littered with these kinds of phishing sites), entered his identifier and password, then the person behind the phishing .onion site was able to login to blockchain and steal the OP's bitcon. IMO the OP is spreading FUD more likely then not. I don't see why the OP would be paranoid enough to use TOR when dealing with bitcoin but isn't paranoid enough to want to use cold storage It happened the same thing to me using coinbase.com and I didn't use the hidden wiki to access coinbase. There is people literally living from stealing BTC you shouldn't underestimate these people Why would you use TOR to access coinbase? They already know your identity and your bank account details therefore there is little reason to try to hide your identity to access coinbase it has been reported that POODLE has exploited a SSLv3 vulnerability so it is, in theory possible that an attacker launched a zero day attack against the OP |
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high-school.... never.
schools currently dont teach kids how to fill in taxes or teach kids much about true value of money as it is. as if governments would allow bitcoin to become part of curriculum for high schoolers.
although for colleges and universities, bitcoin is already part of some curriculum
This is quite true. When I graduated high school, nobody told me how to those things, how to get a passport, nothing. You had to figure it all out on yourself. They don't even teach any of these in college, unless you go to something related like economy and whatnot. So no, I don't see Bitcoin being teached in the future unless an epic revolution happens where it is included in contemporary history class. Other than that, you'll maybe find it in science related subjects in college. Economics and finance majors are the most profitable college degrees and will generally provide students the most valuable skills. They generally do not teach students the value of money for individual people but rather the value of money for businesses and corporations and governments. One thing that you will not be taught when you get a degree in economics is how to get a passport LOL |
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