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1  Economy / Economics / Re: What's in a Satoshi? on: December 31, 2017, 03:16:37 AM
Bitcoin is represented by a number in a PC, those numbers follow certain formats, like int or float or double. Those formats have a fixed number of decimals. The smallest decimal in Bitcoins representation is called a Satoshi.

A Satoshi is currently the smallest amount that the Bitcoin protocol can handle.

Second layer applications can use a different representation of Bitcoin which might allow Satoshis to be divided.
Bitcoin protocol might be updated in the future to allow the same.

2  Bitcoin / Development & Technical Discussion / Re: I just lost one of my 24 seed phrase on ledger nano s, please help! on: December 30, 2017, 06:20:53 PM
the 24th word should be a checksum, so it can be generated from the other 23.

search for bip39 checksum
3  Bitcoin / Development & Technical Discussion / Re: My technique to split seed for cold storage on: December 29, 2017, 01:12:08 PM
Instead of your technique OP you could just split the seed into two halfs:

seed: park color slice trade remove depend meadow bus clock curious where where
seed part 1: park color slice trade remove depend
seed part 2: meadow bus clock curious where where

part 1 and part 2 have the exact same security profile as your seed A and seed B, only that splitting and re-combining is faster.
4  Bitcoin / Legal / Re: Bitcoin Attorney Will Answer All Questions: on: August 12, 2017, 05:55:42 AM
I understand you are focused on US law.

But which country would you recommend investigating to move to to avoid a tax point for realizing crypto gains? Both for US and non-US citizens.
5  Bitcoin / Legal / Re: Declaring over $10k worth of cryptocurrency when flying on: August 12, 2017, 05:18:59 AM
No, you are not moving assets.

What might happen is that you have to report bitcoin transactions above a threshold. Like all foreign bank transfers over certain thresholds get auto-reported by banks.
6  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 12, 2017, 05:04:46 AM
ATH across the board now (exchanges and currencies)
7  Economy / Speculation / Re: Bitcoin price correction, When? on: August 12, 2017, 05:01:13 AM
the corrections these days are barely worth the trading fees and hardly worth the risk. Selling is just plain stupid right now.

Statements like this mean we are getting closer to a top
8  Economy / Speculation / Re: Price is increasing too fast, will there be a correction? on: August 12, 2017, 04:58:54 AM
Everyone I've talked to outside the scene is bullish now. We won't see a correction from the casuals, only when the hodlers start selling.

When do holders feel the heat? 4000? 5000? 10000?
9  Economy / Speculation / Re: Where are we? on: December 23, 2016, 12:11:12 PM
If we break 1000 and then make it into the news expect a top around between 1300-2500
10  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 23, 2016, 12:08:37 PM
1337 top. You saw it here first.
11  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] BetKing.io ICO - Bitcoin Gambling website on: December 04, 2016, 06:02:03 AM
Is your personal info public?
Where are you located?

How many people are part of the board?
How many people are currently employed?

Are you incorporated?
Do you intend to pay tax or get licensed?

12  Bitcoin / Bitcoin Discussion / Re: How to remove the Dust of 1 Satoshi Spam tx on: October 02, 2014, 02:15:36 AM
If if 1 Satoshi can buy a house one day I still don't mind throwing away 100 Satoshis today to keep the network healthy.


Spending them with a different tx makes sense.


Can I not just donate them to miners as tx fee? Send 0 somewhere with the 1 satoshi fee?
13  Bitcoin / Bitcoin Discussion / How to remove the Dust of 1 Satoshi Spam tx on: October 01, 2014, 05:56:08 PM
The unspent Satoshi are bloating the UTXO, which is bad for the network.

How can I get rid of my confirmed Satoshis?

14  Economy / Speculation / Re: Is The Dumping of Stolen Coins Causing BTC Price to Fall? on: September 20, 2014, 01:07:12 AM
Well you still have 3600 coins mined every single day. Maybe half of those are sold. If there's no demand for 1800 or so daily, meaning ~$1m new buys per day, the price must come down.
15  Economy / Speculation / Re: Are you selling/holding/buying? on: September 20, 2014, 01:05:32 AM
buy when it's cheap of course
16  Bitcoin / Bitcoin Discussion / Re: To be revealed or not? on: September 10, 2014, 07:43:17 PM
Sell to the highest bidder I guess. After covering my arse.
17  Bitcoin / Development & Technical Discussion / Re: Share your ideas on what to replace the 1 MB block size limit with on: August 28, 2014, 06:09:58 PM
I think I'm not alone when I say we are dangerously close to hitting the limit already that we need a quick fix right away. The only easy and quick fix is raising the limit, and to not make people upset, just double it to 2MB.

Reading about soft fork vs hard fork, this appears to be more difficult than a simple user like me imagines. But something needs to be done soon. Getting tx stuck when the next boom hits is something we can all agree on shouldn't happen.



In related news, I also feel spamming the network is way too cheap right now. I can spam 10 tx/s for less than 9BTC for a full day (assuming 0.01 mBTC fee). If I was in a position planning to buy in big time, I would do this, expecting a price drop with probability high enough to make the whole endeavor worth it.
18  Bitcoin / Mining speculation / Re: How to attack Bitcoin mining? on: August 18, 2014, 09:07:45 PM
Maybe it's also possible to mine for two pools at the same time?

Would like to have a wiki article on attack vectors on mining operators where these questions are answered.

When mining you don't know if you have the winning hash until after you submit it (sometimes not even then).

I thought so, but how does that actually work?
19  Economy / Speculation / Re: 100+ dollar spread between btc-e and other exchanges? on: August 18, 2014, 01:59:22 PM
is btc-e safe?

I'm having my doubts.
20  Bitcoin / Bitcoin Discussion / Re: "Schrodinger's cat" with bitcoins on: August 11, 2014, 01:13:58 PM
The point is no one can prove you own BTC
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