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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency
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on: May 20, 2016, 10:34:53 AM
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lol you are really riding that guy... what does it matter if he tries to make an app using moneros blockchain? No sweat off your brow, right?
All he had to do was answer some simple questions but he decided to avoid them so I am calling him out on them. I do want it to be a real project but the more he posts the less I believe. I hope I am wrong but in this scene it's better to be safe than scammed.  BTW Sebastian it's not FUD if you cannot dispute it. Cant really argue with this, having lost most of my crypto worth first time around after trusting the ShareX exchange project. |
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4266
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: May 12, 2016, 02:54:08 PM
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Have we destroyed the Satoshi coins yet? Just checking...
I've seen some recent discussion of such.. .. Whoever came up with that....  Dumb idea... If he really wanted there to have been confidence in the economics of a deflationary currency he ought to have done it himself. The fact he didn’t leads one to believe he wants the dough. And I suppose he’s entitled to it. Either way it’s an ungodly hoard of coins that’s impossible to ignore. I don't think that's what the discussion is about. At some point old pubkey coins might be easily hackable. At that point, millions of BTC can be looted for the lolz by those having the tech to do it. The question is what can you do about it so that they can be moved to safety, locked, etc. Otherwise you'll have millions of BTC looted AND a PR fiasco like "ohhh Bitcoin got HACKED AND PEOPLE LOST THEIR MONEY!!! ITS UNSAFE, RUN FOR YOUR LIVES". So you have hackers dumping, people panicking, etc etc. It's a complex issue. Wouldn't vastly more coins be in danger than just those ones in this scenario? No, the early coins (not just Satoshis - all of the coins) use an obsolete scheme that hasn't been used in years. Essentially they don't have addresses, like now, but naked/exposed public keys. Quantum computers can reverse a public key as long as they know it. Our modern addresses use hashes so you first have to reverse the hash, find the pubkey and then break the pubkey/privkey to access the funds. This is way more quantum-proof, as long as you don't reuse addresses (and thus expose your pubkey for long periods of time). Thanks for explaining that. |
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4267
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: May 12, 2016, 01:51:08 PM
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Have we destroyed the Satoshi coins yet? Just checking...
I've seen some recent discussion of such.. .. Whoever came up with that.... Dumb idea... If he really wanted there to have been confidence in the economics of a deflationary currency he ought to have done it himself. The fact he didn’t leads one to believe he wants the dough. And I suppose he’s entitled to it. Either way it’s an ungodly hoard of coins that’s impossible to ignore. I don't think that's what the discussion is about. At some point old pubkey coins might be easily hackable. At that point, millions of BTC can be looted for the lolz by those having the tech to do it. The question is what can you do about it so that they can be moved to safety, locked, etc. Otherwise you'll have millions of BTC looted AND a PR fiasco like "ohhh Bitcoin got HACKED AND PEOPLE LOST THEIR MONEY!!! ITS UNSAFE, RUN FOR YOUR LIVES". So you have hackers dumping, people panicking, etc etc. It's a complex issue. Wouldn't vastly more coins be in danger than just those ones in this scenario? |
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4277
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: February 23, 2016, 09:46:44 AM
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^^What do they call Whoppers in that crazy language of yours? Anything like German, with those gigantic sausage words? (apparently I'm not the only one to find them obscene, because Google just informed me: "The German language has lost its longest word thanks to a change in the law to conform with EU regulations. Rindfleischetikettierungsueberwachungsaufgabenuebertragungsgesetz - meaning "law delegating beef label monitoring" - was introduced in 1999 in the state of Mecklenburg-Western Pomerania."Ha ha, EU outlawed German  Whoppers Nice if you add your own mushrooms from the smart shop |
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4279
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency
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on: January 25, 2016, 08:46:34 AM
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binaryFate, simple and neat. I have learned to always give great weight to what you say whether they are small things or of great importance. smooth, good points. How best to do this? iCEBREAKER, yes cryptocurrency is redundant. After reading many posts on bct it seems that people don't really know what fungibility is so I don't know if it is a key selling point. After all btc is fungable  so therefore I guess all cryptocurrencies are. Please take the emoticon as irony, sarcasm or whatever emotion I was trying for  I just felt it was important to get every on board properly. Taking into account those that do not spend enough time to know all that is going on and those that are relatively new. Then there are the slow ones. This post took me over 1/2 an hour. Thank you for your consideration, The Drooling Masses™ I vote for Hueristic's enigmatic submission. "[XMR] Monero - The Future, Fungible || Mandatory: v0.9.1" People don't know what 'fungible' means because it has several (overlapping/conflicting/contextual/technical/economic/casual/controversial/radial) definitions. That intriguing vagueness is a good thing. People don't know exactly why being 'fungible' is so important , but they know it's from the future and they want it!  it grows in the woods! |
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