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Economy / Games and rounds / Re: i want to give 100 BTC to one user on bitcointalk. tell me why it is U.
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on: August 13, 2014, 06:24:26 AM
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EARNINGS.
You can earn .48 BTC per month right now with a hero account, and there have been months when the payouts have been multiple Bitcoins per month.
He can earn his 5 BTC back pretty quickly and then have a few extra hero accounts to use for other things like launching coins, backing new coins, and of course, propaganda.
I wonder how much time I would save browsing the forum simply putting everyone with banners in their signatures on "ignore". So far, I did it with one person that appeared to be commenting more than they had to to inflate their numbers. Edit: I tried it. Also ignoring people with *coin addresses in their signature. This thread is so good for filtering based on that criteria, I worry that I may have snagged some false-positives. Interestingly, the OP also ended up on the ignore list. |
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243
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Economy / Speculation / Re: The only reason Bitcoin is more valuable then other altcoins
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on: August 13, 2014, 01:41:31 AM
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... It is sad that so many are quick to judge based on charts and forum posts. Is it really appropriate to call other crypto-currencies scams when are current economic system is already scamming us? I would take any crypto-coin in the #20 spots on coinmarketcap.com over fiat.
...
Many alt-coins do appear to be scams. Somebody was good enough to Write up a guide for spotting them. Edit2: A guide investigating Insta-mines. I have been told the the innovative cryptonote-based bytecoin appears to be a scam (80% pre-mine with false history of "stealth mining"). I hope to investigate how true that allegation is when I have time because I like the innovation. (Ring signatures being used to provide privacy.) Edit: I should add that Bitcoin is still an experiment. Major changes to the protocol may invalidate any experimental results. One question Bitcoin should answer within the next 15 years is: "Is it possible to have a secure networked application?" |
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244
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Bitcoin / Bitcoin Discussion / Re: What's the best age to introduce your kids to Bitcoin?
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on: August 12, 2014, 03:35:27 PM
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It is pathetic when you read "advice" in the coloured press on how to teach children to save at the age of six. "Do you want that toy this year, or maybe save for next year and have more?". When in reality, next year they can probably not buy the toy they want for the same money.
I was told to start saving at the age of 8 or so, but did not learn the second part until I was an adult. I suspect that you meant the price of the toy will go up. That is not necessarily the case. Because we are living in a consumer society with disposable items, that "toy" you want to buy may only have a life-time measured in months that it is actually available for sale. This is particularly true for electronics where new items are quickly replaced by newer items. Other toys such a water guns are considered "seasonal": meaning you can only buy them during certain portions of the year (the summer in the case of water guns). Electronics are a weird one: because of rapid innovation, the price of a specific item actually goes down over time. not up. You pretty much have to move to the used market within a year though. |
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245
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Bitcoin / Mining support / Re: New to mining. Trying to get block eruptors to work
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on: August 11, 2014, 06:28:34 AM
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Generally, if you expect the price to go up: it is cheaper to buy & hold Bitcoin.
For people on solar power they can make a profit Don't forget to amortize the cost of the solar system over the expected life of the system (generally not more than 20 years as I understand it). |
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247
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Other / Off-topic / Re: What would you do if you received 20 bitcoins?
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on: August 11, 2014, 03:21:51 AM
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Someone may send to the wrong address and could be sad to lose 20 BTC. Absolutely return back to the sending address. Same as pick up a wallet containing cash, card, ID etc, what will you do?
It concerns me that there are thee posts advocating returning the funds to the "sending address," no questions asked. Bitcoin has no such concept. When you spend Bitcoin, you spend coin outputs. Often, but not always, you must sign the transaction with a specific "address" to spend those outputs. If any type of coin mixing is involved, it may not be clear who the "sender" is. Which of the (for example) 5 "senders" would you return the coins to? |
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250
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Bitcoin / Mining support / Re: Problem with mining on GHash
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on: August 09, 2014, 05:39:49 PM
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The only pool largely immune to this is P2Pool; if and only if you run your own node. P2Pool uses a shadow block-chain requiring proof-of-work to assign pay-outs.
I've tried using P2Pool yesterday for some time, however it's been about 16h and my BTC wallet balance has not changed. Should I use " http://p2pool.org:9332" or just "p2pool.org:9332"? That is not running your own P2Pool node. P2Pool also takes 3 days to build up your payout (pays out the last 3 days of shares every time a block is found). Edit: I think http://p2pool.org may specify the older getwork protocol. Stratum is better. Edit:2: if since the BGP hijack lasts only 30 seconds or so, changing your password should mitigate the problem (until it happens again). I would double-check that your payout address is correct. ON second thought, It may be something simple if Ghash.io is not registering shares at all. |
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253
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Economy / Games and rounds / Re: i want to give 100 BTC to one user on bitcointalk. tell me why it is U.
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on: August 06, 2014, 11:25:18 PM
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But lastly, and call me petty maybe... but it would really help my depression. I've been depressed for the past 6 years and nothings been able to help. But if something like receiving 100 btc happened I think my depression would be blasted away.
Money does not buy happiness. At best you can afford to talk to somebody about it. As is, you can probably find somebody to talk to who does not charge over $100/hr. |
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254
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Economy / Games and rounds / Re: i want to give 100 BTC to one user on bitcointalk. tell me why it is U.
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on: August 06, 2014, 07:15:35 AM
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I will use them to destroy the world  I don't think you thought that one through. Destroying the Earth is harder than you may have been led to believe.
You've seen the action movies where the bad guy threatens to destroy the Earth. You've heard people on the news claiming that the next nuclear war or cutting down rainforests or persisting in releasing hideous quantities of pollution into the atmosphere threatens to end the world.
Fools.
The Earth is built to last. It is a 4,550,000,000-year-old, 5,973,600,000,000,000,000,000-tonne ball of iron. It has taken more devastating asteroid hits in its lifetime than you've had hot dinners, and lo, it still orbits merrily. So my first piece of advice to you, dear would-be Earth-destroyer, is: do NOT think this will be easy. |
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255
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Bitcoin / Bitcoin Discussion / Re: Are SD Cards Subject to Vulnerability Similar to USB?
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on: August 06, 2014, 07:08:26 AM
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I would not worry too much about it. As long as you don't keep using your USB key in strange computers, you should be relatively safe. Any attack that gets your off-line keys would likely have to be targeted at your specific set-up anyway.
Is there a problem with using paper? I have both a paper and electronic copy of all of my (Bitcoin) keys.
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256
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Bitcoin / Bitcoin Discussion / Re: How would you store >100 Bitcoins?
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on: August 06, 2014, 06:43:00 AM
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Then again, maybe I'd just use a brain wallet. I'm good at remembering very long, quite random, passwords. Why not just store my wallet in my brain and maybe have a backup in a safety deposit box for my attorney to access in case of death.
Because people overestimate how random their passwords really are. |
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257
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Bitcoin / Bitcoin Discussion / Re: Bitcoin vs Precious Metals
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on: August 06, 2014, 06:37:41 AM
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I'm a firm believer of sound money, especially gold/silver just wondering how people think this compares to Bitcoin. I do have a few BTC but only really to take advantage of a price move up so I can get more metal. I don't like the intangible nature of Bitcoin and not being so tech savvy it would be a concern having a lot of wealth stored in it. Ideas?
BTC's intangibility is also it's strength. Gold's tangibility is also it's weakness. I believe that Bitcoin is honest money. One thing that convinced me that Bitcoin is here to stay is that it is it is harder to counterfeit than gold. It exists in the mathematical domain: which means given the transaction ledger, you can prove whether or not a specific "coin" has been spent or not. If you want to do transactions electronically, Bitcoin is better. Gold-backed payment systems are by definition a fractional reserve (1/1 is a fraction  ) They also represent central points of failure. However, in its actions from 2006-2008 the U.S. Treasury Department in conjunction with the United States Department of Justice stretched the definition of money transmitter in the USA Patriot Act to include any system that allows transfer of any kind of value from one person to another, not merely national currency or cash. Using this new interpretation they then proceeded to prosecute the USA-based gold systems, E-gold (and later e-Bullion) under the USA Patriot Act for not having money transmitter licenses, even though these companies had previously been cooperating with regulatory authorities and told they did not fall under the definition of money transmitter. The charge of not having a money transmitter license was eventually dropped against e-bullion. Several years later FINCEN further expanded this definition to apply to foreign companies allowing US persons to open accounts, which forced the Jersey based Goldmoney.com to suspend the ability to transfer value from one holder to another in December 2011 If the expected collapse of the US dollar knocks out large portions of the Internet, Bitcoin may not be worth the paper it is printed on. In that case, having actual physical metal may be more useful. I have seen speculation that guns and food may be more valuable than shiny metal though. |
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259
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Bitcoin / Bitcoin Discussion / Re: Are SD Cards Subject to Vulnerability Similar to USB?
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on: August 06, 2014, 04:14:12 AM
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Similar attacks have been demonstrated with SD card and hard disk firmware as well. However, USB is scary in that the device can masquerade as any other USB device: such as a keyboard that roots your machine with shell commands. If it was not for the CPRM with device revocation, I would say SD cards are the perfect floppy replacement. If security is important, I suggest CD-Rs. Note: most CD drives operate above the maximum storage temperature of the disk (about 35°C) You could go on ebay and buy a lot of old flash drives (128 mb) that are still packaged. Throw each one away after being compromised. sometimes they have malware from the factory. Edit: I was talking about the drive firmware as well. |
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260
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Bitcoin / Hardware / Re: [ANN] Spondoolies-Tech - carrier grade, data center ready mining rigs
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on: August 05, 2014, 08:22:14 AM
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So the sp30 is just as loud as an sp10 at 70db? Every 3dB is a doubling in power. So it is half as loud. For insurance purposes are these miners CE, FCC, CSA, UL approved? just in case of fire i wouldn't want to have insurance declined
As far as I know, computers do not have to be CSA and UL approved: otherwise you would not be able to add on cards. I think add-on cards are supposed to be FCC approved (don't think that has insurance implications). However, when studying electronics, we were told that if a non-CSA/UL approved device is plugged in: insurance may be denied. Even it if was not the cause of any fire. The lesson was to unplug your projects when not in use. Computers get around that by requiring approval for the power supply. The rails are then limited to something like 200VA (less power means less heat -> less risk of fire). I have noticed sometimes cheaper electronics lack UL approval (don't think they are actually supposed to be sold to consumers without it). I suspect that may be why some stuff is labeled "industrial use only". |
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