Moreover it might be risky to mine on work PC. He will most likely get fired if the IT guys find out. Most companies don't allow such operations on work PC.
( Unless he is the administrator himself, of course )

I am familiar with peopleperhour.com but I don't think they accept Bitcoin. Do you have a reference?

From his posts, it seems like OP is thinking of mining at his work computers, because he mentioned "ofc" router access.
So in this case he will not be able to deploy external miners, he will have to do all he can with the computers. That's why I believe this is not feasible.

In this case the best he can do is mine CPU-only coins and trade them for BTC. He won't lose anything, considering he is using office infrastructure instead s his own.

This will most likely not be a coin that people can actually use, transfer or trade.

What they might be planning to do is to use the block chain tech and Citicoin as a backbone of their money transfer system, so the coin will always remain their internal asset rather than a public currency.

This may make it easy for them to transfer their money across the globe but regular users will hardly notice what's happening behind the curtain.

Yes, addresses and keys are case sensitive.

From Bitcoin wiki:
https://en.bitcoin.it/wiki/Address#Addresses_are_case_sensitive_and_exact

Signed messages:
You can use a Bitcoin wallet program to generate a message. The message contains meta data and when the message is verified using any other application, it is proved that you are the owner of the Bitcoin address from which the message was created. This helps in proving ownership of addresses, and hence the forum accounts associated with those addresses.

Proof?

Still no transaction ID? Can't you post it here?

Nope.

Computers can mine Bitcoin technically, but you will not generate enough computing power to even earn BTC worth pennies. In fact you will get zero BTC.

The days of mining on computers are long gone. After that came powerful GPU, and those days are also gone.
Now a days BTC is mined on specialized ASIC computing devices, so if you seriously want to mine, you need to purchase ASIC miners. But you will be mining at loss considering current price of BTC.

Alternatively as a start you can focus on some CPU-only coin that can be mined only on computers and they do not support GPU or ASIC mining.

Search "CPU-only Coins Mining" and you'll see. You can always sell them for BTC.

If corruption at highest levels alone causes economic meltdown, several countries will cease to exist before Greece goes default 

Do you mean to say you want to mine on a computer?

Am I dead? 'Cause it looks like heaven! 

An extract from interview of Xoom CEO:


----------------------------------------------

Q: KW: It’s pretty hard to talk about moving money anywhere these days, especially cross-border, without talking about bitcoin. As you know, a lot of people believe that this currency opportunity and protocol is the superior way to move money from person to person. How do you feel about that?

A: I think anyone that wants to move money from point A to point B has to deal with two very important challenges that, for bitcoin to succeed, players in that ecosystem must also solve in addition to still being efficient and not costly.

The two problems are being able to on-board good and clean funds – defending against money laundering threats, and not moving money that was sourced from or used for illegal purposes. Money that’s on-boarded also should not have been fraudulently been put into a user’s system.

The other problem is off-boarding funds on service levels that consumers expect to get, with customer operations that will support transactions even if there are mistakes in the transaction.

So, if I wanted to move money to a bank account in India, I have to have an off-boarding relationship with that bank and operationalize that off-boarding so that it’s available 24/7/365, and I have to be able to deal with anything that slows down or interrupts the quality of service. Obviously, that bank has to agree to this, and we have to have an economic relationship. We do this over and over with all big banks in markets that we serve. It’s the only way that we can effectively move money into any bank account in any country with the right oversight.

Once you deal with on-boarding and off-boarding of funds, you’re basically a money transferring company. It remains to be seen if these problems can be solved by bitcoin while incurring much less cost. And even today, with these very good bitcoin operators, they are on-boarding U.S. dollars at interchange rates that are higher than that of credit cards. Moving money through Coinbase, for example, is going to be much more expensive, for example, than moving it through XOOM.

In the end, though, if bitcoin could help us be more efficient, we would use it. But unless the bitcoin ecosystem self-regulates and gets consumer protection in place, and deals proactively with money laundering risks, the regulators will start regulating them like we’ve seen in New York, and once that happens it also remains to be seen if they can operate on a less-cost basic than classic MSBs (money service businesses).

------------------------------------------------


http://www.pymnts.com/news/2014/is-bitcoin-the-future-of-money-transfer/#.VZbP9kZGQ0Y

Seems like a decent guy. Talks about strength and weaknesses of Bitcoin at the same time.

As long as you have your private keys, it does not matter what wallet you use.
So no need to panic. Just export your private keys and store them safely. Also print them on paper and store safely.

As long as you have your private keys, you can always recover your Bitcoins using numerous other wallets even if Multibit goes out of existence.

There are a couple of specific conditions that exclude the banking system while transferring Bitcoins:
- If someone mines BTC, does not purchase from someone
- If two people agrees to make a transaction through cash, avoiding any transactions via banks

In almost all other scenario, either the 'entry point' or the 'exit point' is controlled by traditional banking systems and hence these are the weak points in the trading system.

However let's hope that Bitcoin will evolve in a manner where you can buy almost anything using BTC, avoiding the fiat conversion.
Decentralized exchanges may also open new possibilities where the fiat conversion is still there but KYC requirements are minimal.

Too many LOLs in your post, but anyway....


1. Satoshi was smart and intelligent enough to invent Bitcoin. Surely he can handle wallet backups and secure his private keys? This is a no-brainer.
2. Point doesn't stand because point 1 doesn't stand.
3. Bytecoin?   Remember the bug that created 184 Billion Bitcoins? Now Bytecoin has 184 Billion total coin supply. Probably Satoshi wanted to give a subtle sign that he was working on Bytecoin now? /JOKE

I'm not sure what's the issue.
The wallet says it is synced and last block was downloaded 1 second ago. But still there is a warning about checkpoint and i can't get any confirmations on minted coins. I'm connected to 2 nodes.

For me the following parameters are important:

1. Security of Bitcoins (Even noobs should not be worried about someone stealing their wealth)
2. Ease of Use
3. Faster 1st Confirmation (More confirmations can be followed later, but first confirmation should be as good as 'instant')

These are my primary issues which I think are getting in the way of mass adoption.

Good idea. It was being discussed on this forum before.

Take some tips and feedback from this thread:
https://bitcointalk.org/index.php?topic=1072925.0

Looks like someone started working on it after all:
https://bitcointalk.org/index.php?topic=1102055.0

@OP

Nobody is going to believe you until you provide a transaction ID showing 2 of your separate payments that you have mentioned.
Till then, we will keep believing you're trolling.