This is a bit like regular banking lending: you have to have someone guaranteeing the payments if the person taking the loan defaults.
Imagine John goes away with the money he asked as a loan... Why would other participants (who have nothing to do with John or Lucy) have to pay for John?
entrance requires referal.. im guessing the referer becomes the guarantor That makes sense, but the OP refers that there's a "crowd guarantee". This looks like a snowball. John asks Lucy for help. Lucy doesn't have what she borrowed from John, so she asks for help, and so on until there's no more lending money on this economy. Not everyone is honest, unfortunately...  If the referer becomes the guarantor, that's one referrer I don't want to be  |
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It's not possible. Throughout updates, your wallet.dat file status static. Unless a new fork changes you're wallet.fat. you're safe. And there'll probably be a way to reclaim your coins, as there's also records in the blockchain.
The Bitcoin Core wallet.dat has gone through slight changes during Bitcoin's history, so I wouldn't say it is purely static, but it doesn't indeed make any sense if the format changed overnight  |
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Not aggressively, but yeah, a few coins here and there on some dips Always good to have a bit of Bitcoin profit, and also some fiat profit to pay for bills... |
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Bitcoin Core 0.2 is an older version of the reference client implementation. We are currently on Bitcoin Core 0.11.2
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This is a bit like regular banking lending: you have to have someone guaranteeing the payments if the person taking the loan defaults.
Imagine John goes away with the money he asked as a loan... Why would other participants (who have nothing to do with John or Lucy) have to pay for John?
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Go ahead and set everything up. If you succeed we'll be here to back you up for expanding further. The project sounds really interesting, and I'd definitely be mining more if I had access to renewable energy, so developments on that are always welcome.
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Waiting on GitHub links for the bot... |
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Which one of you guys turned on a new farm?  |
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It is said that Chinese sometimes drive the market... Not sure if this is true, you'd be better searching for answers on this on the Speculation sub-forum Fees are non existent on Chinese exchanges so that might help explaining volumes and price differences. Chinese people are also known for being bullish, having lots of coins and playing the market a lot. |
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Yeah he got lucky with that full caps one. I had a look about before I made this thread but couldn't find a similar thread. I'm still hashing out some others to see what I can get. Well, there you have some nice threads if you're lucky |
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All of the most used wallets are equally safe, as there are no (known) vulnerabilities in their codes, and if there were, they would be quickly fixed or there would be a warning in place as to not to use a certain version of that wallet do to security issues. The security on a wallet is more user dependent than software dependent. All the cases we see with loss of coins are either due to user's fault, misconfiguration or exploits/malware. Wallet like Core, Electrum and Armory give you all the tools needed to secure your coins in extremely safe ways |
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OP's concern is valid. What if your old wallet format does not get recognized by new clients and the old clients are not able to send transactions after 2 years? (private key is relatively safe but still... see below)
Install an older client and dump your keys. Or use wallet management software compatible with the older format However, if the protocol change is coming from a malicious actor or sybil attack, then old coins might still get lost in a compromised environment
Wouldn't such a change be instantly discarded by the majority? So how can you store Bitcoins as long-term savings or investments?
Some prefer to store them on encrypted backups stored offline. Others prefer paper wallets. Others prefer a mix of paper and digital... Many secure ways to store them. Obviously one has to pay attention to Bitcoin, in the remote case of what teukon wrote about happens |
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Nothing here, yet. Any clues on what website is sending this? Maybe an email list leaked?
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Because people are selling. Just like when it goes up, it's because people are buying |
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What kinds of vinyls do you have? What kind of music styles? Prices? Some pics would help a new user, too |
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Unable to decode output address What does that mean? Apart from the obvious. Well, it also says "Satoshi Nakamoto Hash Tube PKey" on the Output script, and some gibberish after that... its a game like thing, if you are good enough you can actually claim the bitcoins sent, this has happened a few times before
How is this game supposed to be played? |
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What is "Satoshi Hash Tube P Key" supposed to be?
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So does it just convert Bitcoin into local banknotes? That seems to be a bit of a limited function. Why would people pay 5% when they can pay for items directly?
Because not all stores accept Bitcoin yet. Anyways, the tweet says "#dontbeapussybuybitcoin ", so I assume it also allows converting fiat to Bitcoin. |
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As long as you keep your private keys (secure), you will not lose your coins.
That's why I talked about paper wallets, but if you keep your coins on a wallet, can this possibility happen ? It is the same thing. The wallet file holds your private keys. If you store it securely, you will not lose your coins, regardless of what happens. Ok. So no Bitcoin Core update is mandatory ? And in the case of a fork, your private keys will be still working ? No, no recent update has been absolutely mandatory, although you risk not having your transaction broadcast if you use older versions for not complying with network rules, I think. If the network were to fork now (ex.: big block chain and small block chain), the coins you had yesterday would be valid (on both forks), because they're on both forks blockchain's history. |
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