One of the very big hopes for Bitcoin was the notion of enabling 'micropayments'. Today, one can't practically pay 50 cents with Visa because there is a 30 cent swipe fee and a percent fee on top.
However, now with the stalwarts of 1MB blocksize limits, it looks like we are going to have to start setting our miners fees to (remarkably enough): 30 cents.
Does this spell an end to micropayments?
Only time will tell. I believe micro-payments are what will really push Bitcoin/bitcoin to mass adoption one day. Any amount, around the world, any time, without trusted parties. That is special. But as I have said, only time will tell.
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Virwox is a serious enterprise. https://bitcointalk.org/index.php?topic=584124.0If you have a problem, only the contact per email is valid ... don't avoid to mention "account name" and "email from the subscription" (can differ from your actual email ...). They answer in english or german. Also, please contact them directly through email, do not answer any emails or PMs from someone claiming to be from Virwox here. It could be a scammer who wants your account information/details/etc. You should contact and answer only to their official support email. support@virwox.com
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I think that if what you are saying is true, then it is possible that brainwallet.org was a scam site all along and was storing peoples passphrases.
I have an old copy of brainwallet.org running because of the useful utilities and just rechecked it using a network inspector few minutes ago: it didn't store or send the passphrases I entered. I'm thinking about follow possibilities: - He used this address with a software which had the RNG implementation faulty, his private key was exposed to the cracker after recovering the R value
- brainwallet.org turned into a full scam site a few hours to days before the shutdown
- His passphrase was too weak, example: wrhwrhwrhwrhwrhwrhwrhwrhwrhwrhwrhwrhwrhwrhwrhwrhwrhwrhwrhwrhwrhwrhwrhwrhwrhwrhw rhwrh has 84 characters but it's still guessable
- He had the private key in the clipboard while pressing CTRL+v in the wrong browser window without even noticing
- He had the private key imported into an insecure wallet software and forgot about it
Everything you are saying is correct and ultimately we won't really know what happened unless the thief/hacker/scammer/etc tells us. But I just think it is suspect that brainwallet.org would shut down because of a brainwallet cracker program presentation? Seems unusual to me. If the brainwallet design is sound and people use it appropriately, then you don't need to take the site down. I'm also now thinking LiteCoinGuy might be right when he said: ... or there was some kind of bug in the code...
That would explain why the site went down if it was not a scam site, IMO.
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I have generated most of my wallets through brainwallet.org.But the address that got hacked was the only that I used to create a transaction via brainwallet.I don't remember my passphrase since I was just smashing my keyboard writing random characters for about 10-15 seconds it must have been at least 50(though I think it was more than 100) random nonsense characters.I then just copy the addresses and private keys to a notepad and forget the passphrase forever.I am almost sure it has to do nothing with the passphrase.
I think that if what you are saying is true, then it is possible that brainwallet.org was a scam site all along and was storing peoples passphrases. Brainwallet.org then used the "brainwallet cracker presentation" as an excuse to shut down, steal all users BTC, and cover their tracks. They can just claim now that someone has used the cracker program and your passphase wasn't safe enough. For the record, any user making brainwallets, make sure you create them on offline computers if you are using any sites' source code.
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Wow. That is a pretty big bump. Nice looking pot right there. Good luck to the crackers as they race to the finish line (it seems).
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It is surprising to me that people who are knowledgeable enough about Bitcoin/bitcoin to know what a brainwallet is, don't choose more complex phrases, especially when their bitcoins are at higher risk of theft, compared to a standard privatekey. The "how much wood could a woodchuck..." saying or whatever it is considered could be chosen by tens of people, in theory. With millions of users in the future, that one would pop up hundredths of times. Good luck with your presentation.
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I am the owner of this address 1JqL1fp2nfuoSKirnRLjqUbQpf7Pou7mXR here are proves I tautvilis am the owner of this address 1JqL1fp2nfuoSKirnRLjqUbQpf7Pou7mXR HNC22GYmWi19BFHQa7iH54WLIWGk4RqczGkkJM0BScfP5dtXepwU5hjHXdLClOHhq1f8Lpmsg95FCLrW9ANkOto= Recently someone stole 22BTC from that address.I am 100% I haven't downloaded any malware I haven't entered any suspicious sites I haven's used tor or did anything unusual.But what I did was I used brainwallet(only with that address luckily) I haven't suspected it but today when I wanted to use it I seen it is down and I want to know if someone else lost funds due to this.If you are a hacker and you are watching this please kindly return the coins to 1NcA77gqawRSsi9ara5omk2ajKS5bJLZM7 If what you are saying and believe is true, I think we will all hear more stories like this in the coming days. I looked at where your 22 BTC went to and if correct, seemed to have gone to a wallet that has many deposits from Chinese exchanges. This is where I think it went to: https://www.walletexplorer.com/wallet/00e625faa0d1f2ae?from_address=1EKD2D7bRQykMXHRGaChMQUH36bEk8x3yULarge amounts of BTC being moved around. Whether your theft is related to brainwallet.org or maybe a virus/malware or etc, sadly it seems to be gone for good.
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Side Chains, in theory, would facilitate features the Main Chain can not (or will not). So, for example, if you want instant confirmations for/as merchants, then in theory you would use the "Lightning Network".
Would this be a good use case for DNS like Namecoin? Yes, I suppose. But Satoshi seemed to have created it as an altcoin as compared to a sidechain. Sidechains are in theory supposed to be "tethered" back into the Bitcoin Blockchain. I do not know if Namecoin does that. If it doesn't it is an altcoin. But to answer Ops original post, yes I guess Namecoin would be an Altcoin that will be used at that point in time. If it facilitates a purpose that Bitcoin can not, then it fills the need. Edit: I originally thought Satoshi Nakamoto was behind the creation of Namecoin. But according to the Wiki, he only thought experimented it with others in this forum. According to the Wiki, the creator of Namecoin is "Vinced".
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One thing I don't get with sidechains is when I have a choice to have my bitcoin transactions confirmed on the main chain, why would I want to accept payments or own coins on the sidechain?
Side Chains, in theory, would facilitate features the Main Chain can not (or will not). So, for example, if you want instant confirmations for/as merchants, then in theory you would use the "Lightning Network".
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http://www.coindesk.com/tokyo-court-bitcoin-not-subject-to-ownership-2/Judge Masumi Kurachi ruled that, due to their intangible nature and reliance on third parties, bitcoins cannot be covered under existing law. This is quite awesome. Set up exchanges, set up payment processors, set up whatever you want with Bitcoin in Japan. It is not covered under the law. I think it is covered. It will fall under assets/properties as a catchall. This Judge just messed up and made an incorrect decision that will be easily overturned. The Judge just got confused with the Bitcoin System and the Plaintiff(s) didn't properly argue.
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so, miners must confirm older transactions first, with or without fees; Or they will be risking to mine blocks that are dependent of transactions in the pool (not confirmed yet), and invalidating that block they are working on. Is this right?
Yes, if I understand you correctly. One. Miners will confirm any "new" transaction (the "child") that already has a prior confirmed transaction (the confirmed "parent"). Two. If you place a reasonable miner fee in the "new" transaction, miners will place your "new" transaction in the next block, in theory. That "new" transaction must have a "confirmed" prior transaction. The "child" can not come before the "parent". Three. If the "parent" transaction is not confirmed (maybe there was no fee attached), the "child" will not be confirmed with or without a fee. (As a side note: CPFP is a different story and you should not expect this to work for you ever, but might be different in the future.) Your statement about a block being invalid is different. Do not worry about invalid blocks in relation to your original question. Invalid blocks have to do more with the (1) miners racing to publish and thus "orphaning" or (2) miners accidentally(or intentionally) forking the blockchain. If miners did accept unconfirmed "child" over unconfirmed "parent", I think, but not sure, all other nodes and etc will reject that block immediately. That would be a violation of the Bitcoin protocol, I believe. I hope this answers your question. Edits: Spelling and additions.
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Tokyo's District Court has ruled that bitcoin is " not subject to ownership", with a judge informing a plaintiff he could not claim for bitcoins lost in the Mt Gox collapse. Judge Masumi Kurachi stated that, due to their intangible nature and reliance on third parties, bitcoins cannot be covered under existing law. Mark ... this kind of crap that kills Bitcoin . just like Silk road or any other Darknet market Check more and read fully here : http://www.coindesk.com/tokyo-court-bitcoin-not-subject-to-ownership-2/I would like to also add that the Plaintiff represented himself in this case. I do not know if he is a lawyer. It is possible in other related cases, with a proper lawyer and proper argument, this decision can be contradicted. It will not become precedent, because how do people (who had theft or other) recover losses from property or assets then?
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I wrote a big complex answer, but Hexafraction beat me to it.
BTW, most Miners do not currently use CPFP. Only Eligius does. That is my understanding and could be incorrect. The OP should not send transactions as CPFP currently. That is an implementation that is not standard today.
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I'm very surprised this puzzle has wound up being so complicated. I was guessing this would have been done within a hour after originally posting it. Congrats on a successful and interesting puzzle so far. Can't wait to see who wins it and what the total pot will be at that point.
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it's not blockchain's fault, i believe it's yours and your wallet was probably hacked. Maybe your device/computer had some viruses and malwares or maybe you put your details on a phishing site
It is also possible the blockchain.info app you downloaded isn't actually the "real" app. Make sure you downloaded the wallet app from their actual site, as opposed to some other site.
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You most likely have a virus or malware on your mobile device. You should scan your mobile device to be sure.
but i have and another bitcoin wallet in my mobile that didnt effect at all. And i dont have open the blockchain wallet from the firts day i create it. Its possible that the virus/malware is programmed to work with the blockchain.info mobile wallet, and not the others. I'm not saying it wasn't blockchain.info itself, but unlikely. You should nevertheless scan your mobile device, just to be sure.
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You most likely have a virus or malware on your mobile device. You should scan your mobile device to be sure.
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This is a quote from Satoshi himself: Feb. 14, 2010: I’m sure that in 20 years there will either be very large (bitcoin) transaction volume or no volume.
He is basically saying that in 2020, then will you either be rich or have nothing. Not to be annoying, but 20 years from the date of that quote is 2030 AD. So if by 2020 prices aren't as desired, don't worry, you got another 10 years.
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so i sent a normal bitcoin transaction of 0.01 bitcoin with 0.0001 fee like an hour ago from blockchain wallet and it does not get confirmed, is it because of that blockchain bug?
No, seems that your fee was too low. In the future, before you send your transaction, you should check the status of the mempool, then apply your miner fee accordingly. This is where I check the status: https://tradeblock.com/blockchain/This is a site which advises a fee based on mempool: https://bitcoinfees.github.io/ According to above, you should have paid around 0.0003 BTC for next block, in theory.
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