donate to givewell if you really don't want some money.
Sending money into the void is giving it to all other bitcoin owners. There are people with more important needs. Which makes the idea of punishing someone for returning taxpayer money directly to taxpayers, rather than just "burning", it even less sensible. |
|
|
|
After reading about the effort put into making "vanity" addresses, I didn't think hand-crafting a viable address would be so easy.
These are really two different problems. Problem #1, create a valid address that has a certain set of characters in it (i.e. to throw away money) Problem #2, create a valid address that has a certain set of characters in it, that I know the private key to. (i.e. vanity addresses) In problem #1, simply start with the characters that you are trying to create a valid address with. Get the right checksum at the end, and you're all set. In problem #2, you have to create a valid key pair, and check to see if it has your desired string in it. A much more difficult problem! Ah, a mistake on my part; for some reason I thought the vanity addresses didn't include private keys. |
|
|
|
why the edit to the thread title?
I figure everyone's seen the thread by now and knows it's not trolling. |
|
|
|
It already got 0.021 BTC. How do you go about designing an adress like that? I guess you need a few characters at the end to make it pass the verification, but is there a tool to determine them? After reading about the effort put into making "vanity" addresses, I didn't think hand-crafting a viable address would be so easy. |
|
|
|
Um.... wow. Yeah, I would think such an obviously-manufactured address wouldn't have been created from a private public key. And the address has already had bitcoins sent to it?  Are those your transactions, or did you just happen to notice the address in the blockchain? |
|
|
|
Just choose any random address. The chances of anyone having the private key to it are extremely low.
True, but it's the publicly known-to-be-unrecoverable nature of the address that I'm looking at. If someone just pops up and says "I'm giving this blood money to The People of The World!", displays a bitcoin address, and publicly sends a bunch of bitcoins to it, is it really unrecoverable? Or is the address from his wallet, with the act being just a publicity stunt? (Not that actually doing it wouldn't be....) |
|
|
|
What use would it serve? You might as well say lets increase the value of gold by loading a bunch onto a rocket ship and shooting it into the sun.
A few years ago, there was a lady running for office in New Hampshire. Being of the voluntaryist persuasion, she had planned on donating her paycheck back to the residents of the area where she was running (I don't remember how.) She was basically told she couldn't do that, and that if she tried or even kept talking about it, she'd be arrested... buying votes, or some such. I had thought that a "fair" way for someone wanting to do that... to take wealth and distribute it to others without actually handing them a check... would be to publicly buy bitcoins, then publicly destroy them. Granted, the wealth would only be redistributed to others holding (or acquiring in the future) bitcoins, and wouldn't exactly double the value of a bitcoin (unless you acquire and destroy 3 million or so.) But it might have served the purposes of the above-mentioned candidate without landing her in jail. It's just a thought experiment, really. I was wondering if such a publicly-known unrecoverable address could be created. |
|
|
|
|
So, I've been reading some threads, and thinking about unrecoverable bitcoins. It lead me to a thought, which leads me to a question for the bitcoin community:
Is it possible to publicly create a bitcoin address, such that neither the participants to the creation, nor the observers, have (nor can deduce) the private key that would match the address?
Anyone can just create a new wallet, copy the first address, trash the wallet, then send bitcoins to the address. Burn your money if you wish, ho-hum. But a public address like that, known by all to be an unrecoverable pit... this actually has a use or two.
Thoughts?
|
|
|
|
already working on it....
Well, this is definitely something to keep an eye on.... |
|
|
|
If transaction fees are going to be randomly enforced with no way to stop it, may as well just slap a tx fee on every tx. Make the minimum tx fee 0.0005 BTC every time, with the option to pay more to potentially get a tx to go through faster.
But having the option to set tx fee to 0, then pay tx fees, that's just confusing, misleading, and frustrating.
+1 I don't want to keep putting band-aids on the transaction fee problem, so I'm against adding Yet Another Button to the client.
If you're impatient and can't stand the thought of paying half-a-millibitcoin for a transaction, then compile your own version of bitcoin. Just don't complain if you end up with a wallet full of 0/unconfirmed transactions that tie up all your funds.
Good that some people are making alternative clients. I am starting to think seriously about maintaining a "No-Forced-TX-Fee" fork of the main client. And if you could do it for Windows, I would throw a bitcoin or two (at current rates) your way as a "Awesome! Thanks!" The problem with fork is i can only compile it for Linux, somebody else has to compile Windows version.
 |
|
|
|
What is your main reason you do not invest in BTC with huge amounts of money?
Well, if by invest you mean "buy and hold bitcoins," that's really more speculation (not that speculation can't technically be investing.) I'm not that big on speculative investing, which is partly why I don't buy stocks, etc. in the hope of selling them for higher prices later. So there's no way I'd put huge amounts of money into buying bitcoins. That said, if I see something that looks solid, I'll "invest" a little... so yeah, I am sitting on some bitcoins for that reason. As far as investing by creating a bitcoin-oriented business, that can be more difficult and require more time, effort and expense for a lot of folks (although I see no reason why most of us here can't buy a few extra bitcoins, stash a little extra cash, and advertise that we're exchanging bitcoins: buying from and selling to others locally. The market can use the extra liquidity.) |
|
|
|
|
I like this idea. A lot. I'm not a cryptologist but I can't think of any downside to this other than one possible (if unlikely) one: what if generating 1000 addresses past the last one seen in the chain isn't enough? After all, a user can generate then discard an arbitrary number of addresses for use, but the code as described would only look for the first 1000 addresses past the last one seen (I assume it would initially look for any of the first 1000 addresses.) But then even this could be handled by a "look for more of my addresses" button that looks for the next 1000 addresses.
Lack of backwards-compatibilty of the new wallets might be an issue, but surely not a significant one (especially if the clients using deterministic wallets would still be able to read and continue growing older wallets.)
So, yeah, no obvious downside that I can see. Who do I pay to get this into a client?
|
|
|
|
Can we introduce a verification system for the forum? Voluntary of course. Even assuming for the sake of discussion that such a thing is desirable, I don't think there's any kind of verification system that would be convenient enough for the masses, yet robust enough that it can't be spoofed by an agent provocateur. How about a e-mail verification to a bank account with your name on it, along with a credit card or driver's license? At least, once it was verified, you could not really sign up again with another alias, right? That would be very difficult I would assume, but if people were willing to do it voluntarily, we would at least know for sure who we could trust, right? Or who we could at least have some more confidence in, initially, correct? or no? Looks like someone isn't ready to play with the big kids. Go back to the sandbox until you can walk. The fact you'd suggest tying forum accounts to meatspace identities reveals you are either an agent or completely out of touch with bitcoin users. Either way, I will not be trusting or even reading anything you say beyond this. An "ignore" button would sometimes be nice. |
|
|
|
I've visited several factories in Bo'an, Dongguan etc- most common complaint is they aren't given more hours. People should not be forced to work, but to impose your cultures work habits on a comparatively industrious people is silly. Telling Chinese we can't work crazy hours is like telling us we can't eat rice.
Thank you. OP, all others wishing to force people to live 'better lives', You can all now shut up. Forever. +0.01  |
|
|
|
It’s impossible to prove that allinvain has indeed lost his money and not just moved it himself.
Not necessarily. There is always some uncertainty but one can indeed show strong proof. You need my wallet.dat file. I also have another wallet.dat file that shows me transferring 50 BTC to the main wallet file that got stolen. This would show proof of continuity. My control of the coins ends right when they were moved while I was sleeping to this address: 1KPTdMb6p7H3YCwsyFqrEmKGmsHqe1Q3jg This address has some links to the computer underground - further proof that it was indeed not me moving them. Not good enough. Not even close. You may know whoever has the address. It could be your hired hand. Your brother. It might even be you. There is no way to even be somewhat convinced that you have and had no influence over all relevant addresses. Even if I knew you personally, it might be a hard call. Thing is, I don't know you personally. Sorry for your loss. I'd be pretty distraught to have had that much stolen from me. But no way am I supporting screwing other people (including myself) over because of your claims. |
|
|
|
Gold is stupid and useless.
You have no clue what you're talking about. Gold is the most useless commodity.
Copper, silver, oil, wheat all have multiple uses. Gold is pretty much useless to me and I could care less if it cost 1$ or 1000000$. That opinion says more about your skewed perspective than about gold. It's difficult to transport ?!!! What are you, a billionaire?! $150,000 in gold is only 100 ounces... not even 10 pounds. Try carrying that around using $20 bills. and costly to store and guard. Moreso than... what? Silver? Cash? Land? Seriously, what are you trying to compare gold to that this would even pop up in your mind? It makes no sense as a store of value or currency, since it's difficult to exchange. Again, what is your basis for comparison? Of course you dont buy bread with an ounce of gold. I dont pay the pizza guy with a $100 bill either. Gold is one of the most liquid assets in the world as far as actually exchanging assets though. It is a store of value in as much as quacks are willing to buy it and opprotunistic quacks are willing to mine it for them at significant profits.
I'll say it again... if gold were as common as dirt, we would be using it everywhere... the only reason we don't is because its scarcity makes it too precious. If you can't even understand why it would be so useful, then you really need to quit trying to talk about it, otherwise you just sound ignorant and clueless. |
|
|
|
|
I've been geeking out over it since I finally decided to jump in and acquire some btc several weeks ago. Reading everything I can, joining this forum, annoying friends, etc.
To be fair though, considering where I live, I'm pretty hard up for intellectual stimulation....
|
|
|
|
Don't ever trust wired. They lie about Wikileaks every time they talk about them. Then I'll be on the lookout for Wikileak's rebuttal. |
|
|
|
Well, that just killed their chances of getting my donation. |
|
|
|
|
I love how just as I go to the site to confirm this (and it turns out to be down)...
I return to THIS site... and find it down too....
Same for InstaWallet.
My, things are getting interesting.
|
|
|
|
|
Show Posts
