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Mathematically it is very unlikely that any computer will be able to "guess" the private key of the subject address. There is a much higher chance that the computer housing the private key somehow is compromised and signs a TX with the private key
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i don't want let finger print and ID picture and face picture on this machine since i known that datas are transmit to tracfin (fintrac) automaticly ... and saved for 3 years in the bitcoin ATM builder.
I am kind of on the same page with that. I like the relative anonymity of bit coin. I don't suddenly want to get a capital gains tax bill in the mail and frankly it isn't anyones business whether or not I transact in bit coin. I agree. If I am going to spend any of my bitcoin I would want to spend it by sending the coins directly to the seller (or the seller's payment processor - coinbase/bitpay) |
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IMO the best way to use the blockchain for a password would be to use the public key of the xth largest TX on block n as your password. All that you would need to remember is "X" and "N" and could use any block explorer to access your password.
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In concept, great. In practice, a disaster. What happens when someone hacks the Winklevoss and steals all the BTC? Are they going to guarantee the principal?
2) the baskets are 100% cold stored. hackers wont get any coins. privkeys are locked in secured and insured storage boxes physically away from the internet. only public keys will be shown on the internet. Eventually people will want to move in and out of the ETF via exchanging bitcoin for shares which will eventually force the ETF to maintain somewhat of a hot wallet. That is not how it works. Only "Authorized Participants" can redeem their shares for the bitcoins, and then it has to be done in basket-size amounts. People that want to move in and ouf the ETF simply buy and sell shares on the exhange. The basket size is only implemented to keep costs down. If a large enough of a holder of either bitcoin or "COIN" wanted to trade one for the other and had a "basket size" holding then they could either work is an authorized participant or work to become one. |
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Why use bitcoins when you can use cigarettes?
Largely because there isn't a single jail or prison within US borders that allows either. Your looking at disciplinary action if caught with them. Although you might get slapped with some sort of crypto-gang related stuff if they find a BTC address with a private key in your cell too! Prison guards get real ansy when you start throwing stuff around that looks like it's encrypted. For them it's a safety concern. It is possible to trade cigs in jail as you can actually see and verify that they are there. With bitcoin you cannot really verify that there is actually a "balance" (unspent inputs) in a specific address without the internet and AFAIK there is no internet access in jail. |
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what do you think..for how much I can sell domain "BitcoinObject.com"? I have seen that bitcoin domains going well
Depends I guess what type of site would someone make about a Bitcoin Object? Satoshi is a no brainer Bitcoin.com as well The challenge is when words get added to it so probably more if you make something on it. I don't think domain names themselves have very much value unless there is a good business attached to them, meaning that a good business has a website at the domain name |
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He was very lucky to get the coins back, but what he did was very careless.
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Trust me, their efficiency is not the issue this time (that was the 2013 failed promise). The issue currently is their boards are pulling too much power and burning out. Apparently their engineers at the zoo are busy throwing poo.
BFL advertised a 600GH/s device. Unlike their last go around they can't just give you smaller units like they did with the minirig. Most people only have 1 PCIe slot per machine that could handle that much heat. So they are forced to try to cram 600GH/s onto a PCIe card. It is doable if done by professional. But BFL would have to find some professionals since they can't even handle their own PR mascot correctly.
Assuming it draws 1W/Ghash, there is no way they are going to be able to cool in in the PCI-E form-factor without liquid cooling. They may have 600Ghash/second boards that can't be run in open-air cases  They likely did not think these kind of details all the way through when they were in the development stage and were taking money for preorders. |
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Horseshit.
For private transactions there is no need to follow any rule but the one that says "Show me the money!"
The federal government has the authority to regulate anything that affects interstate commerce as per the constitution. Assisting others with laundering money will affect interstate commerce. I take it that you do not understand the difference between commercial transactions and private transactions. In terms of the government's ability to regulate there are no differences. Private citizens need to follow federal law even when going about their normal lives. Are you a government plant? I need to do AML/KYC on a private deal like I need a hole in the head. Oh!; You bought my '63 Ramber? Need all you personal information! Yeah, right. If I would buy your car from you in a private transaction you would need to know who to sign the title over to. If you were not to sign the title to my name then I would be at risk that you later report the car stolen. Tue but I am not required to see your identification, do not require your Social Security Number, do not need to know about your bank accoun(As you would be paying cash), nor do I need your blood type or urine and fecal samples. All that you would really need to do to comply with AML regulations would be to check identification (and potentially ask for a Social Security Number - I don't think this needs to be actually verified). When dealing in large amounts of cash it would be advisable to get identification information regardless in the event that the cash received were to turn out to be counterfeit or somehow illegally obtained. |
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No, there is a chance of winning the jackpot. It is the same chance of having any other specific number hit. The chances are one in 10,000 to win the jackpot, you are allowed to play once per hour. So you will win the jackpot, on average once every 416 days if you played every hour and did not sleep.
It is true that the chance to win the jackpot is 1/10000. But since the number is obtained from "rounded off", both the chance to get 0 and 10000 are 1/20000. The chance to hit all other numbers are the same as 1/10000. https://bitcointalk.org/index.php?topic=319540.msg7575941#msg7575941I am sorry, it should be "rounded off" and not "rounded up". I shall correct this on the website. So any number below 0.5 will be rounded down to 0.
Ha, well how about that. Just another reason to show that this faucet is nothing more then a waste of time. Regardless of if the chances are one in 10k or 1 in 20k, the chances of hitting the jackpot make it so unlikely that you will hit it that you are doing nothing more then wasting time on this or any other faucet. |
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The Obama administration has essentially decided that no one is going to be criminally prosecuted over this scandal. Which translates into they want and intend to continue targeting opponents. Signalling this in the fashions they have will likely result in short term ten times the corruption. The Obama administration has aggressively opposed any kind of dissent on many fronts, from the IRS harassing groups that oppose it's views, to tapping the phone lines of reporters who receive information from leakers in the administration to the supreme court who was potentially going to overturn Obama's unconstitutional health care law. |
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Personally, no, but I have traded with a couple people there who clearly provide liquidity and have 100+ feedback. They generally buy 3-7% below market and sell 3-7% above market. Seems like a good system for profit, but you could miss out on some big moves this way, not trading the swings on exchanges.
Even if they made 7% on 100 trades with an average trade of $1,000 then they would only make $7,000 in profit $7,000 per day/week/month profit is a lot of money for many people here. I would say that 100 trades on LBC would be a lot. It would mean that someone would need to make, on average 3 trades per day. Generally face to face trades take at least an hour as they will generally chat for a bit, depending on where the trade takes place, one could easily spend 30 to 45 minutes traveling to the meeting place. This could easily result in it taking 3 hours per trade and it would be unlikely that most traders would be able to have an efficient schedule where they could go directly to the next trade after each one is finished as they would need to work with other people's schedules. |
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Now Angela Merkel will learn what PRISM is.
I tend to think she already knew of the existence of PRISM its all just pretending just like she pretended how furious she was when she learned that the NSA is tapping her phone. And we all know that her government is in bed with the usa gov http://rt.com/news/us-drones-germany-ramstein-625/Germany is very big about being against surveillance. Hitler "watched" germany's citizens very closely prior to him taking away the rights of Jews and was able to do so because he was already watching everyone. I would agree about german experience in this area. Stasi, for example, was one of the best intelligence services in the world. In fact, sometimes it was even more competent than KGB. So as a result the Germans often feel that surveillance will eventually lead to the stripping of the rights of it's citizens. |
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In concept, great. In practice, a disaster. What happens when someone hacks the Winklevoss and steals all the BTC? Are they going to guarantee the principal?
The fact transactions can't be reverses make any BTC investment pool, where a large group of investors share a common wallet, EXTREMELY risky. See Gox.
1) winklevoss are going to be licenced.. this means liability insurance. = good for people 2) the baskets are 100% cold stored. hackers wont get any coins. privkeys are locked in secured and insured storage boxes physically away from the internet. only public keys will be shown on the internet. 3) the only time a privkey is touched is if a whale wants to buy a whole basket (cash out) from winklevoss trust. otherwise (see 4) 4) the only thing that is internet based is the shares. and the security will be proper banking/military grade, not basement dwelling PHP grade 5) if you think that winklevoss will be hacked then expect apple and nasdaq to be hacked... same thing Eventually people will want to move in and out of the ETF via exchanging bitcoin for shares which will eventually force the ETF to maintain somewhat of a hot wallet. |
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I'm also actually surprised at how much business some of these companies are doing, but then again I'm always surprised people actually want to spend their coins  . I hope this encourages expedia to start accepting them for hotel bookings and also encourages other businesses to take the plunge. All these places now accepting BTC use some typa 3rd party yeah ?
I can't remember the name of the popular one thats been around a while, bitpay maybe ??
Yep, bitpay http://coinbrief.net/expedia-accepting-bitcoin/A reasonable chunk of coins need to be spent or the BTC economy stagnates and collapses... I would argue that the opposite is true. I would say that merchants need to accept bitcoin as payment in order for the bitcoin economy to flourish. |
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It actually kinda surprised me the rate of people who allowed for it to run for just $1/hour, even if it is $24. Nearly half of those people didn't have any red flags going up?
I'm surprised at the number of people who allowed it to run for 1 cent an hour. 1 dollar an hour, I could understand. Since that would be getting you $24 a day or $168 a week; i.e. probably enough to pay the rent and then some. There are a lot of people on there that are willing to do actual work on there for only a few cents per several minutes. |
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Reduce volatility, pretty much every spot market has seen more stability with a functioning well regulated derivatives market
In order for the derivatives market to be functional the spot market would need to be large and liquid enough. IMO bitcoin has not reached that point as of yet. |
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I'm enough worried about price of Bitcoin because the news that U.S. Government wants to sell 30.000 BTC yesterday evening had drop the price of 60$ !
So, only time will give us the answer !
There is only 1 winner on the auction. He paid over 700 usd per coin, well above market rate. Do you have a source on the price? The media reports that I have read have said that he declined to comment on the price. |
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i would suggest LTC is a bigger risk - it's been on a downtrend as alot of new alts eat away at its market cap
but if you are right you your bigger risk would mean bigger returns
personally i sold all my LTC & i'd recommend BTC to you or even as much as people will disagree look at some other alts if you just want to flip for profit - its likely certain altcoins will increase by the amount you are looking for as an example my recent choice is Cinni Coin- it's got Encrypted Messaging,Invoicing and a chat box in the wallet and plenty of room for growth in the price
LTC has been going downtrend since it hit new high in December. With no new innovation and no usage, hard to see the coin have any value. I think there is a lot to like about litecoin but as you point out there doesn't seem to be anything happening with it currently. Just six months ago a lot of people were saying it would surpass bit coin. I think that all alts (including LTC) will eventually flame out as they are all inferior to Bitcoin |
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How do you think people would have reacted if the disclosure forms were not presented to users prior to them starting the countdown timer? |
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