Also, although in this case the 20 character password may help to add entrophy to the 35 character password, it's generally bad practice to use "tricks" in an attempt to add entropy. For example if you hash 1234 with sha1(), although it may make guessing harder, it technically doesn't increase the entropy of the password. Encryption never adds entropy since it's deterministic. You only get the amount of entropy that you put in.
Yeah, it seems like I had not understood what entropy means. But overall , would this improve the security , by making it harder to guess ? Since you have publicly revealed your method, you have to assume that all that is protecting you is a pair of 35 character and 20 character passwords. |
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Regardless of whatever connection you make to the cloud, you still have to go through an ISP, get it?
Maybe. Some people have their own ASNs and don't need a stinking ISP. Your statement here reminds me of the flaw in the 150mb connection.. what good is that if the other end is only on a 56k modem? Just as THEY use an ISP.. you may not.. In any case, all this packet blocking discussions is moot until Bitcoin becomes globally outlawed like child porn. Speaking of which there are still underground child porn businesses and communities using encrypted internet communications and they can't be completely stamped out. If governments get to this point we'd have more serious problems to deal with. |
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Regardless of whatever connection you make to the cloud, you still have to go through an ISP, get it?
Maybe. Some people have their own ASNs and don't need a stinking ISP. |
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This means A box between YOUR isp, and the rest of the world. Nothing you can do about this.
Just run your bitcoin client in an Amazon cloud instance in any one of their global data centers of your choice. |
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Hello, thank you for this nice information base. Two weeks ago I owned a pre-owned CoinCraft with 5 modules and an ANTEC 1000W PSU. I decided to upgrade the PSU to an LEPA 1600W. After connecting it and switching it on, the PSU knocked two times. I unpluged all connections except the mainboard connector and switched it on again... I saw smoke and realized, that the connectoin on the PBC-Board from PIN 24 to C18 to C16 burned! Since that its not possible to start the unit, neither with the original ANTEC PSU.  . Now I will try to fix the PBC board, but I don't know the function of the capacitor and the resistor. So please help me with this questions: Could this be an issue with the PSU-ON-Pin? Is there a difference between the ANTEC and the LEAP PSU? Is it possible to buy a new PBC from anywhere if I can't fix it? What did I made wrong? Many thanks for your help! The LEPA 1600 is a multi-rail PSU with six 12V rails (4 x 30A and 2 x 20A). However only four 12V 30A rails are accessible as PCI-e. Plus you need to pick the correct connectors to make sure you don't plug 2 PCI-e cables into the same rail. The Desk needs five PCI-e cables, so for the fifth cable you need to make a custom PCI-e cable connected to one of the remaining 12V rails, which by the way are only 20A rails. Chances are you did something wrong while doing this. |
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What a certified nerd.  Not interesting/funny at all.. just proof of how much of a loser you truly are. You break out UV pens because a black guy wants to buy some coin?.. You are the ultimate Loser Well it is a real risk. I have a small collection of fake $20 bills accumulated through localbitcoins selling over a period of time. I only noticed them after I got home and ran them through a currency counter. Never got a fake $100 bill though. |
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except he messaged the world during the dorian scandal. so we know that 1. the creator is not dorian and 2 the creator is still alive.
end of.. now can someone report this speculative FUD spreading off topic joke and get it placed where it belongs. it seems that cryptopaths is getting bored and now just talking jibberish..
Did he really? I thought that was fud and just dismissed it can I see this anywhere? Yep, it's got to be FUD. Unlike the hard facts in the OP |
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Open several accounts and spread your transactions across the accounts. The advantages:
1) The volume of transactions per account becomes lower and less likely to trigger some bullshit "suspicious activity" threshold.
2) If one account gets shut down you can still continue operating your business with the other accounts while you take your time finding a replacement for the one that got closed.
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If Merchant XYZ purchased insurance for their Bitcoin wallets, they could create a brain wallet, transfer funds to its address and claim they were stolen.
The insurance company would likely require adequate monitoring and auditing systems to be in place before they would underwrite this kind of insurance. Computer systems running the wallet would need to be secured using industry standard best practices. Security procedures would need to be audited by a CPA. That way, when funds get illegally transferred out the merchant should be able to produce read-only access logs, network connection logs, video footage, etc., that would leave an audit trail as to what happened. Think about cash in the bank vault. The insurance company would never insure a bank against loss from theft if anyone could just walk in and remove the cash completely undetected and without trace. |
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yes but still my question is
if it is a fact that the Government runs the Show with Bitcoin, would you get out of it or not??
Define "runs the show", in detail please. |
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Although my net bitcoin holdings are going up on a monthly basis, I do spend a lot of it. For example, I just spent some coins on a small Dell server which will be used as a firewall and to control a cabinet of miners. Last week I spent some BTC on a nice Rado watch from overstock.com. By spending my coins I feel like I am rewarding businesses that accept it. In the long run, you need market penetration for the value to go up. For that to happen, you need more stores to accept it. If everyone holds, no store would bother to accept it as payment.
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I made a lot of bad loans in 2012. I'd assume some borrower was repaying me. Starfish BCB maybe?
Since I usually give out unique addresses to different people, I'd probably have a good idea who paid me. If the person who was given that address wasn't the person who paid me, then I'd probably keep the coins. Nobody else has any business messing with that address and if they accidentally sent BTC there it would be their loss.
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But today was different.
Care to divulge your state? Anyway, thanks for the heads up. I sell a lot on localbitcoins for cash, but I don't usually advertise anymore. Instead I pick pro buyers with good reps and sell to their bids. I recently tried to advertise and got some weirdo potential buyer who asked too many questions and gave out too much information but fortunately I never followed through. You get better prices if you advertise but you also attract the attention of LEO looking to set up an entrapment arrest. If you are only a seller want to stay low key, you might also want to change LBC accounts before you reach > 150 BTC worth of transactions on any one account. You don't really need a lot of rep as a seller. |
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When a big company or even a little shop starts to accept bitcoin people start to get excited and think this adoption will result in the bitcoin price shooting up. Well I'm here to tell you the exact opposite is what actually happens. If a store or big company accepts bitcoin that's all fine and great but they're not holding on to it they're immediately dumping it in most cases and this will just result in the price getting lower. Places that keep the Bitcoin they get are keeping the price higher but they are a minority most just instantly dump upon receival of the bitcoin. We don't need to just get stores to accept bitcoin we need to show them the true value of it and why they should even themselves use it as a currency and not just dump it as some worthless commodity which some believe it to be. If we do this we will see a real increase in price.
This only makes sense if you made the incorrect assumption that the BTC spent came from long term holders who would otherwise have sat on them. |
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Did they add a fee to transactions ? You can check that in the blockchain explorer.
If confirmation is taking "forever" seems like they forgot to pay a fee =)
No worries. It will be OK after few hours.
With p2pool you get your rewards directly as a portion of the coinbase transaction which does not require a fee since it is created out of "nothing". However it needs 100 confirmations (instead of the usual 6) before you can use it. |
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Bitcoin is not anonymous, at all. Simply put, there are programs out there and in the making, that track every address associated to a designated Bitcoin address, and can interlock transactions between other known addresses of exchanges etc, to find the identity of the user if she/he cashes out via subpoena.
There goes Bitcoin's pseudo-anonymity.
You can choose to be relatively anonymous. If I had 30 different addresses in 30 different wallets filled with BTC mined through p2pool, how would you even know those addresses belonged to me? Anyway, the reason anonymity is important is because my financial transactions are nobody's business. |
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I've seen loads of topics of people trying to sell things and saying I want x amount of dollars worth of BTC. Surely if someone is so keen on the idea of Bitcoin fiat shouldn't even be mentioned.
They should be prepared in certain instances to take a fiat loss for their beliefs.
It is reasonable and prudent to price and value items for sale in terms of something that is relative stable, e.g. USD. That way the seller does not have to change the price on a daily or even hourly basis. |
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I've mined on this pool since the proportional payout days. I believe internet connectivity back then was through Comcast residential service. It would be a sad day to see it close down.
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1) wrong, bitcoin is more safe than fiat economy in a bank.
Short term price volatility is also a risk. For example, if I had 6 months left to live I don't care if BTC price will go to the moon a year from now if there were a possibility of it dropping 50% next month. |
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7 GH/s Butterfly Labs Jalapenos, amongst other things. I keep them running to use up spare Amps at the data center where I have other miners. Each Jalapeno uses up about 0.5 Amps.
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