I have never heard of a hardware wallet but NOW I REALLY want one.  Especially if you have over, say, 1 BTC. They are not that hard to learn to use (I am not a pro in BTC nor in computer science), I was able to figure how to use the two I own out (Trezor and Ledger Nano). It looks like there are going to be a number of products before long. Already there are several, at different price points. I am looking forward to more hardware wallets coming. And I cannot remember anyone having a really big problem with any of them (someone correct me if I am wrong). |
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That was a rash statement on my part. Here is a more level-headed statement: https://bitcointalk.org/index.php?topic=1319681.msg13542612#msg13542612Btw, I didn't kill Iota. The fundamentals may (or maybe not and probably not in the short-term). That is not my fault nor decision. I stood ready to adopt their coin and stop my development work if it was sound to my expectations. You mentioned Satoshi's security model in that post. Did you mean that model which is vulnerable to 25% of hashing power with 33% in the best conditions? The difference between 25% and 50% is not really that significant anyway. With 25% you can easily acquire more hash rate to get to 50% or conspire with some other 25% to get to 50%. Satoshi's method only achieves its strong security model with more highly fragmented mining (perhaps with the largest extant mining concentration at 5% or less, to choose a somewhat arbitrarily number), something that hasn't been achieved to date but not everyone rules out that the system could evolve in that manner in the future. (TPTB thinks it is impossible; I and others do not, necessarily.) With numbers like >15% where investments in capacity comparable in magnitude to the amount already invested or small coalitions can easily attack the system, you can really only rely on Satoshi's secondary model, which is sort of proof-of-stakeish and not really very compelling. ^^^ All of which is a weakness of Bitcoin, at least in the eyes of some (informed?) beginners. Until I see BTC issues (including risks related to concentration of mining) relatively resolved in the eyes of experts, I cannot hold more than a fairly small amount in BTC (as an "investment", yes I know that investing (HODLing) BTC is perhaps not that smart). But, there are valid reasons for many of us to HODL BTC. Its use of moving large amounts of wealth in a quiet way to other places (even to other countries) has potentially great value. I wait for a story of some rich Chinese person leaving their country with $1,000,000 or more in BTC... |
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I sent 104 bitcoins 3 days ago and still 0 on my balance and support not answer. Please help me!! Before i used this website for same amounts and no problem!:( UPD: Omg now i found this https://bitcointalk.org/index.php?topic=1196490.0Damn, my life is really fuckin end i am fucked up  Why have you used this shitty mixing service when you have several better options to chose?  The two biggest ones are Blockchain.info's shared send and bitmixer.io Shared send requires a wallet on BC.info to use. It uses a mixing technique called Coin Join which lets you mix coins without having to give control of them to BC.info (in theory at least, BC.info can always modify the JS). When it first came out it did a very poor job at mixing. It has since been improved, though I don't think it's been thoroughly analyzed for potential weaknesses yet. Bitmixer.io is a mixing service run by an anonymous person. You don't need to create an account or anything and it seems to do a pretty good job at mixing. You do have to give control of the coins to an anonymous person though, and they could steal them if they wanted to.
Another pro-tip is to use a crypto to crypto exchange, btc to ltc on 1 exchange then ltc to btc on another. Nobody will ever be able to trace you. Pure Black Hole.  Indianacoin has it right, why not use a service that has good reviews? Also, why would anyone want to mix 104 BTC at once without knowing that the service is good? Why not try BTC5 - BTC10 first? Then maybe mix BTC10 - BTC20 per day or week? SharedCoin and bitmixer both work well. Use one or both of them! Yet I see that most people having problems are NEWBIES to bitcointalk. That alone makes me wonder as well......... |
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On the note on what Armstong knows, of course he never claimed that he can predict that next day the market bounce or dip. Who can do that? However, his long term analysis and expectation that the money will flow into private assets is very much logical and I am convinced that will happen.
I am just waiting the floor and will be long on DJIA and SPX, having this strategy partly based on Armstrong analysis.
So far so good, the market is still going down, bears like me are happy.
I'm surprised there can be so much vitriol against MA, even on here. His macro argument of sovereign debt defaults isnt exactly unique or particularly unlikely, although he has been saying it basically since he got out (just looking at debt/gdp gives you a sense a few nations could well be in trouble if things don't go their way). Most recently you have Reinart of 'This time is different' saying 2016 is the year of the default along with a number of other prominent people. Others, like Rickards, also believe defaults or events worse than the Great Depression are on their way (starting with junk bond & USD denom corp debt), but probably not for a year or two (which also is in line with MA's 2015.75 into 2020 downturn). Then TV pundits like FastMoney's Brian Kelly have also jumped on board and predicted a tumultuous year at best, calamity at worst. Beats me, seems like a good number of people who look through different prisms see similar things. Nobody can predict the future...but MA does a good job using history and logic to do a decent job of prediction work. It will never be accurate / perfect / --- Because nobody can well predict the future, I read a fair number of different observers, including and especially Armstrong. What I like about Armstrong is that he works a couple of different niches that others do not. Rickards. Reinhart & Rogoff. FOFOA. Zero Hedge. bitcointalk. There are a number of websites where I get quality ideas as to what is happening, and what we can do about it. One thing I see is that because no one knows what will happen, is that managing risks almost always leads to asset diversification. |
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You just keep on doing your thing, TPTB, we'll still be around when you are back.
* * *
The latest thing re totalitarianism I have been mulling is if .gov incompetence is greater or less than public incompetence (mix that in with indifference, oooh, I know: TOXIC!). If .gov is pretty incompetent (vs. the public), then great! If the public stays asleep, well...
They keep reaching though. It will not be pretty in the next few years.
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dow flash crash to 13K, 1987 style?
what happen to his central thesis of public to private assets that he keeps prophesying that is supposed lend support to the equity mkt & to infinity beyond.
phase transition (head) or sling shot (tail)... i guess he is going to say that he or computer calls it when either one of the event eventually happens.
at the end of the day, do not let his extreme views distort yours because it seems like he doesnt know what is going to happen more than you do & is relying on traditional px action to justify his storyline.
Excatly. His forecasts are all over the place. He doesn't have a single clue of what will happen next. For all its worth my financial astrologer says to keep buying on dips because it is as clear as day we are going up lol he gets his readings from the planets.. lets see OK, that's good sidhujag, your financial astrologer! But, it really is difficult to predict the future. Sometimes some trends can be followed (predicted), but I doubt that many can consistently "beat the market" (look how many hedge funds and mutual funds underperform the S&P 500). Armstrong may be in a position to perform better. All that data and his supercomputers may yield up information that NO ONE has ever found (much less looked at) before. THIS is where something of great value may arise. |
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Everyone what is talking about 2016 the year of Bitcoin we will see about that.
I think more companies will adopt and more people will use bitcoin too. Of course everyone is waiting for the price to increase I think it will happen after the halving for now I don't really see bitcoin going up is kinda stable.
I think we will see all time high records on everything this year, from volume of transaction, to price, to VC money being invested in the Bitcoin related ecosystem. I hope you are right, BBZ. For me, the key question is more acceptance by merchants. More merchants accept it, more people (inc. me) will use it. The more it's used, the more VC will come in, the more attention and development the whole BTC Ecosystem will get. Also, if the developers can resolve OK the whole block-size issue without anything scary happening, that would help too. |
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Gold will be always there is not going to end just like that.
Still bitcoin is good and all, but gold for people is always there.
There is some real gold coins that are more worth than bitcoin so yeah.
Yes there is no alternative for gold, so gold will never loss its charm. Mmm hmm. Gold will never lose its charm, at least not all of it. Because it's shiny, yellow, heavy and rare. It is essentially impossible to counterfeit gold (at least to fool a somewhat skilled observer). Babies reach for gold vs. silver... OK, I am a real gold fan, but watch. Gold is not going anywhere. * * * That said, Bitcoin has other advantages that complement gold. Bitcoin pretty much moves independently of gold, so BTC is good diversification in a balanced portfolio of assets. Bitcoin or gold...? No, the answer is Bitcoin and gold! |
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Gold fags on suecide watch. Bitcoin not affected. http://hacktribune.com/china-discovers-470-ton-gold-mine/>Scientists at the Shandong Provincial No. 3 Institute of Geological and Mineral Survey have located a >mega-sized gold deposit, 2000 meters under the north coastal water near Sanshan Island off Laizhou >city in the Shandong province, with at least 470 tons of reserves. The new-found deposit, the largest >undersea gold mine found in China, is currently valued at over $16.4 billion and is estimated to hold at >least 1,500 tons of gold. >According to Ding Zhengjiang, the deputy director of the Shandong Provincial No. 3 Institute, the gold >deposit is part of a crablike or belt that lies deep at the sea bottom. The marine ground investigation >took three years, and involved over 120 kilometers of drilling, with 67 sea drilling platforms and about >1,000 drillers and geologists. Do you guys think there actually artificially suppressing/controlling gold supply? suda123 1) That gold is too deep under the seafloor to be mined for the foreseeable future. VERY expensive to mine it. 2) 470 tonnes, were that to be true (and we'll have to wait and see) is not that much compared to the 180,000 tonnes or so in stock worldwide. Remember, with gold, what is important is the stock:flow ratio, which is higher for gold than any other commodity. 470 tonnes means zip.3) Most of the gold to be discovered going forward is likely to be other high-cost-of-production gold. 4) Yes, I would guess there is price suppression, but that is NOT proven, and many knowledgeable gold observers & analysts doubt that suppression is a big deal. What is a big deal is the HUGE amount of "paper gold" (futures, options, "allocated gold" (hah!), the GLD, etc.) vs. the amount of physical gold actually available. Some estimates are that some 280 oz of "paper gold" exist for each oz of physical. A lot of people may be disappointed when they cannot get the gold they thought they "owned" via paper gold. ** If you can't stand in front of your gold, and defend it with an AR-15, they you don't own it. -- Ann Barnhardt |
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Main use for me is storage (HODL!).
I trust that more merchants will start accepting BTC, then I can use it more often as a currency. I have only bought gold with my BTC.
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The biggest problem seems to be that it is probably very hard to buy BTC in Venezuela. For example, if I were there, WHAT could I get (of value) for, say, BTC2.00?
Just being able to buy a meal & coffee there is not significant to Venezuelans wanting to preserve real capital.
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You could open a new mix request for each address you have and then send them all from the mixer to the same address.
Yes, by sending smaller amounts (at various times and for varying amounts) to a mixer and then on to various other addresses, you do a better job of avoiding taint and blockchain-time analysis. Or you could run your BTC through TWO mixers in sequence, bitmixer.io and SharedCoin (an option for blockchain.info wallet holders) are nice compliments, they apparently use quite different methods to mix. |
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I am not sure if the businessmen in China will switch to bitcoins but today in an article I read online was said that because of the falling yuan and oil prices the leading rich people lost billions just in January like 5-6 billions per person. Bitcoin prices are even more fluctuating than these recent stock market lows.
The advantage of having bitcoins is that you can transfer them out of China and convert them into other assets. So even if bitcoin prices fluctuate, people may be trying to get their hands on them in China. It's now 1:00 AM (US ET), and China & the rest of Asia are down hard again. People in China are selling stocks and apparently trying to get even more money out of China (at least parts of the leadership are). Dow futures are down some 35 points, off its lows of over 100 points earlier. This was "another one of those weekends", we'll see what the week itself has in store. |
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Is that safe to have in Blockchain.info more than 10 BTC ?
No worries ?
NO, its not safe at all. I don't care what others tell you here, its absolutely nuts to even think of keeping that much BTC there. Web wallets should only be used when you have no other option and even then it should be used to keep very small amounts, I'd say less than half a bitcoin. IMO the clearest explanation of why you should NOT keep large amounts of BTC at blockchain.info. I would go along with that amount (half a BTC or less), unless you own a lot and can afford a loss. Your PC can keep BTC in a wallet (MultiBit) or you can get a hardware wallet (I have and like both the Trezor and the Ledger Nano). Member litecoinguy has a great thread on hardware wallets. |
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Dream 1 -- that many more merchants accept it. <=== This is No. 1 by far, more merchants, and BTC will do great
Dream 2 -- that it be easier to buy and sell Bitcoin, especially for cash.
Dream 3 -- that it gradually rise in price (with the volatility along the way of course, part of Bitcoin's charm).
If Bitcoin can realize the above three, it will do very well.
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Ahh, keep in mind, everyone, that if you want the CA$H all at once (vs. the 29 years of payouts), that the amount falls to $496 million (or so -- only if one winner). I do not know if that $496 MM includes a provision for paying the Income Tax (and yes, lottery winners are taxed), so the NET jackpot might be as low as some $300 million.
That is still a nice amount of money, but so many people are buying now (America's largest lottery in history), that odds are that you would have to share the jackpot.
* * *
With large enough winnings, I might buy some $20 million BTC, that's all. I would also buy slowly.
And, of course, the winner's first call should be to their LAWYER.
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... Nice idea, Operatr. But, my wife and I are keeping our two numbers to ourselves. We want it all for ourselves. But, good luck to you all. BTW, the radio said that the winners (if not sharing w/ others if there are other winners) would get some $496 million "free and clear" (that is, after discounting for Income Tax and for NOT taking the payout over 29 years ("show me the money", now)). And who would trust the government to pay over 29 years? Considering that Illinois stopped paying lottery winners for a while, not I! |
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Now I'm curious...:
Has anyone EVER had a good experience with BitcoinFog?
I see relentlessly negative comments re Fog, it makes me really wonder why they don't use bitmixer.io instead...
Most such comments seem to come from newbies though.
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The Bitcoin ATMs in NYC charge a 15% fee.
Why would I pay this? Coinbase fees for a bank draft purchase of BTC are 1%.
I talked with an owner of several of these ATMs. He justified the fees in terms of his costs.
He obviously does not understand the concept of market pricing. The market does not care what your costs are. I don't buy BTC to fund the lifestyle of ATM owners. Compete or starve.
9% "over spot" in my city. I did hear that a second BTM went in as well, but I have yet to go and see. More competition might lower premia, maybe. But, I am OK with a fairly high premium, as localbitcoins works so poorly here, and they all want "spot + 5%". I forget what I paid a year or two ago at a NYC BTM, but it was high ("Sonny's Grocery", about 60th & Amsterdam, no ID!), that no ID led me to dump all my FIAT$, and get BTC. I then went to an ATM to replenish my CA$H. |
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OP started by talking about the financial markets crashing this year.
So far, the Dow and the other stock indices are having their worst start ever. Oh, yeah! It's going to be another one of "those" weekends..., wondering what Monday will bring. The biggest drop in 1987 was on a Monday (after three hard down days on the prior Weds, Thurs. and Friday).
ZH reported that China and Europe started 2016 worse than we did.
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