Perhaps in the US guns may have more value but in the civilised world I don't see this being the case lol  If there is a significant collapse of government guns will have a lot of value. It does not matter whether they were illegal/socially acceptable or not prior to the collapse. |
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There is a chance that you might get randomly audited for some other reason not related to Bitcoin. As part of the audit the IRS would likely ask you for all your bank statements for the last X years. If they see something strange in those statements they could ask for more information which may eventually reveal your unreported Bitcoin transactions.
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I have a Raspberry Pi computer set up in my house connected only to our network, except once a week I have it connect to the internet to update the blockchain and all my balances. Were I to have 100BTC I would put 5BTC in different addresses and save backups to my private thumb drive. The Pi is reserved only for bitcoin related things and so I'm not worried about getting a virus, because you really have to try to get infected when using Linux distros.
What client are you using on the Pi, and what memory storage are you using? How long does the Pi take to download and parse a large block. I am very interested in this solution if I could figure out how to overcome the performance problems. |
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On the top of my head, it was over 100 years. Not in your lifetime basically.
What about yours? Are you planing to live 100 years? Yes, hopefully I would have saved enough BTC to regrow and replace all my organs using stem cells. Unfortunately when it comes time for a brain replacement I will forget everything. |
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I don't like the idea of a unique user id if I cannot change it or if I can have only one.
However I agree that the need for cold storage in order to store your coins safely is pretty retarded.
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Define "average bitcoin user"?
I would guess the longer the user has been around and the more active they are then the more addresses they'd have.
It is a good habit to never use a receiving address more than once. For example, I mine and I change my withdrawal address at the pool after each withdrawal, which is a few times a week.
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Hi group, we are considering purchasing CoinCraft hardware, but after reading these posts i'm really in doubt, see here http://www.clickon.ch/blog/bitmine-ch-coincraft-miners/. The miners look good, as i understand people get decent support if something goes wrong, the refunding is however a difficult endeavour. The question is - can we trust Bitmine.ch as our business partner, or better look somewhere else? Your thoughts are welcome. The miners are/were good but I am sorry to say that their order fulfillment and customer service are pretty screwed up. Buy from them and you'd likely have to spend a lot of time sorting out errors, especially if you have multiple orders. They only answer their phone 4 hours a day, and they don't seem to respond to email tickets anymore. My feeling is that you really need to pester them to get the attention of customer service and get something fixed. Of course once you do that then other customers who bother them less are going to get unfairly ignored. |
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Just finished the Antminer Hood H1.  Running a couple Habaneros at 1.4TH/s combined down below as well. Are Antminer fans pulling air? If not where is all the hot air going? Looks like there is an exhaust duct on top of the hood, probably with a high enough CFM fan to match the combined hot air output of the S3 fans. |
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My guess is that the reddit poster provided Bitpay receipts to document the purchase of his hardware which he had paid for in BTC. Of course the IRS would want to know where those bitcoins originally came from. Since he is in the mining business it is reasonable for the IRS to ask him to show that those earliser coins weren't obtained through mining and therefore not subject to taxes.
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It is reasonable to disallow anonymous customers from using outgoing port 25 directly from his servers. If his customers want to send emails, he could provide them SMTP relay services (at additional cost) with some kind of cap to prevent spamming.
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Not sure what are the benefits you believe you'd be getting. A single power supply represents a single point of failure. A large power supply is not easy to source. You'd also need special power plugs like NEMA L6-30P. But yeah, server power supplies are the way to go.
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again not a risk
(facepalm)
if the price tanked, bitpay can actually make ALOT of money with their private trades.. if you cant work out how, then your not in the business to need to know how.
I like the fact that there are no laws regulating dark pool trading in BTC markets. I can make largish trades with other private individuals off exchange without some stupid SEC or CFTC or whatever requirement forcing me to report the trades. |
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If a coin/algorithm becomes popular somebody will make an ASIC to mine it for profit.
You can bet your ass on that. Conversely, it could be said that an ASIC-proof coin is a worthless coin. |
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I don't know why the hash rate goes down after each peak, but I am pretty sure that the little squiggles in the graph are cause by several miners repeatedly turning their gear on and off just for fun.
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I heard somewhere that brainwallets were actually easier to crack than long strings of letters, numbers, and symbols because the computer just tests every word in the dictionary against each other in sentences. Obviously cracking either would take a long time, but this makes logical sense.
That's assuming that the hashing function used to convert the passphrase to the private key is well known. You could always iimplement your own function, or if using some public brainwallet site you could pre-hash your passphrase using some simple but obscure hashing function. |
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On the topic of defeating keyloggers, I have a text file containing bits of my passphrase mixed amongst random text. When I want to enter the passphrase, I open the text file and copy & paste using the mouse the relevant pieces into the password field.
I know how most key loggers work, and most do not capture the clipboard contents.
That sounds awfully dangerous. How can you be sure that the majority of keyloggers or even backdoor malware actually don't transmit your clipboard contents? This seems like one of the most dangerous or naive methods I've seen My hobby is reverse engineering keyloggers (hardware & software). Yeah, I shouldn't have recommended that technique because there are other classes of malware that read clipboards and input fields directly. Still, it would work against a hardware keylogger. |
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But do I have to change my BTC address or can I use the same as before?
You should assume that they have your private key, so yes, you should change your address. |
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I am overinvested in Bitcoin. I am buying some physical gold to diversify.
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Hmmm, I remember seeing rows and rows panty hoses at the dollar store....
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In a dorm room, I really wouldn't recommend anything more than 500W. Even that may be too much.
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