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Another idea for the math-minded would be to take the time between blocks data and see if those times conform to the expected probability of time between blocks (10 minute average, Poisson Distribution (?)).
If you know your statistics, that would be an interesting study and not be "too broad" nor too narrow.
* * *
When you finish your essay, why not post it for our enjoyment?
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i use blockchain wallet already since a long time and never had a problem with this wallet and i'm still comfortable using it till now because i never have huge amount of bitcoin so i think it's not necessary to use offline wallet
Well, I once had a problem with a blockchain.info wallet. I was even using 2FA. I lost ALL BTC (briefly). It took some back & forth with them, but I did get my BTC back. Never explained what happened... Now I use blockchain.info for small amounts, and for short-term storage for using their SharedCoin service. blockchain.info's MOBILE wallet has always worked well for me (some 12 transactions). |
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I currently have ~2 BTC stored in a Ledger Wallet. It's cheaper than trezor and IMHO it offers the same security... what do you guys think?
Non-professional OROBTC is just about as happy with Ledger Nano as with Trezor. Ledger is much cheaper. The Trezor is a bit more user-friendly IMO. * * * I suspect that a lot is going to happen in the "BTC Hardware Wallet" space. LiteCoinGuy is closely following this topic of hardware wallets. |
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... And while I know that BTC price is extremely volatile, it may just be that $400 may now be the new bottom, now at $414, up kind of a "normal spike". ounce.meOil is in trouble, Kinder Morgan (pipeline company) as well. "The toll roads don't work when there is no traffic." |
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That is the point you're absolutely right.
I mean here in Germany if we really need qualified workers why haven't we invited people from Spain, Portugal, France or Netherlands for instance.The unemployment rate in these countries is extremely high and the young generations therehad a really good education which would qualify for them for the german market.
Only god knows what these dum politicians are doing.
Since Germany is a part of the European Union, the second preference should have been given to fellow EU member states such as Greece and Portugal (the first preference for German citizens). But then Angela Merkel found a way to sideline this rule, and bring in people who would vote for her for the rest of their lives. Merkel is the worst thing that has ever happened to Germany, ever since Adolph Hitler. If I understand correctly, the next federal election in Germany isn't until 2017. That means Merkel will have plenty of time to finish destroying Germany and Europe. Unless German citizens act now, go to the streets and demand her resignation and new elections it will be too late. Merkel and those that support the invasion of Europe need to be removed from power. Just look what happened in Paris last night. That is just the tip of the iceberg. Europe will be devistated by these people and Europeans must act to save themselves and thier nations. Yeah, all three of you are right. Europe is killing itself. I do not WHAT is going on inside Merkel's mind. She is killing Germany. France does not have much time to stop the INEVITABLE sharp decline once the Muslim population gets to some 40% (40%), they are then cooked, stick a fork in it. Italy already has too many "migrants" and other riff-raff who add nothing to Europe's economy, yet making their country & culture worth less every day. Beyond that, I really do not know much about other countries there. But, destroy Germany, France and Italy (seems like the UK has the same problems too), and it's Game Over.... |
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just thought i ask.....is investing in he trezor hardware wallet worth it
Yes! Assuming you have more than, say, $400 or so in Bitcoin. I keep a small balance at blockchain.info, mostly for receiving payments, then sending them on to bitmixer.io and/or blockchain.info's SharedCoin service on the way to my Trezor. |
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how is this card anonymous when u have to enter all your info and do Verification ?
It's not anonymous. We never advertised ourselves as such. I have covered it several times earlier in this thread. We have to comply with legal requirements. To keep this thing running in the long term, know your customer and other policies must be employed. My *guess* is that someone is going to come along soon who will be able to buy & sell BTC without KYC and AML obstructions... And they will make a mint, a gold mine. One man's opinion only. Not a programmer or similar pro. |
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too much input and not much output.
Yup, that's it. It would be nice to have some group (centralized) to offer credible information on Bitcoin, but without any "control" or "authorization". I would welcome a "One Stop" place to get general BTC info. Info only. Lobbying and travel expenses? Ahh, no... |
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Just TWO people I personally know have expressed any interest in BTC (only one who actually has more than $5.00 worth).
USA.
My best guess why "my crowd" is not interested is that it is still too hard to use. Most people I know are over 40 yrs old. But even our daughter and her husband (29) show zero interest.
FWIW...
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They dont care for privacy eh? Who are the elite you refer to btw?
The bankers and the richest persons on the planet. They already do what they do out in the open and have press conferences about their investments, for them its no point to hide it. The very wealthy are extremely concerned about keeping both their wealth and especially their influence hidden. Ownership of large amounts of stock today is done via trust funds allowing money and power to be utilized without public scrutiny. Following citizens united corporations have the right to spend unlimited amounts of money on politics but there is no reciprocal right for the public to learn the the identity of the individuals who own those corporations and thus who benefits from said lobbying. Attempts to hide your money in cash or through any anonymous exchange is an attempt to capture a far weaker version of a benefit the very wealthy already have. I would agree CoinCube, it is VERY hard to find out what the Rothschilds hold, for example. Yes, the wikipedia article talks all about their castles & vineyards (some about banks too I think, it's a LOOOOONG article). For every loudmouth like Bill Gates, there are probably three to five times as many (albeit not as wealthy as Gates) who do keep their wealth as hidden as possible. Were I very rich, it's what I would do... Trusts, castles, political influence... |
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I think that we can learn something from the very rich.
They tend to hold things/investments of REAL VALUE. Shares in companies counts. Maybe bonds (maybe not!). Gold/Platinum. Real Estate. Fine Art (the very best only).
And probably more BITCOIN than most might imagine!
The pattern I usually see is DIVERSIFICATION!
* * *
"Our" TPTB above, and in other threads, properly identifies many weaknesses of BTC now. Some of which can obfuscate (mixing) and by hiding (small transactions, or many of them).
But, I think that in the longer run TPTB is correct. We need a better coin that will protect privacy better.
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As I mentioned above somewhere in this thread, I like the Trezor! (I also like the Ledger Nano)
The only thing that worries me a bit about the Trezor (besides "insider hacking" problem just written above) is that the device seems plastic-y and not very sturdy looking.
Has ANYONE had a Trezor fall apart?
Mine has not, but it just seems flimsy.
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I trust the Trezor quite a lot, probably a bit more than the Ledger Nano. Both work well for me.
I think that a lot is going to start happening soon in the BTC hardware wallet space. Looking forward to it.
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NO ONE knows anything about short-term BTC price movements.
Based on what I read here and elsewhere, however, I think the prospects for a BIG MOVE up in Bitcoin price is very possible, probably likely given some time. How long? I don't know that either.
But, BTC use is growing. That matters.
And trust in .gov is declining. 'Nuff said?
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investment in our children and grandchildren.
Hahaha by leaving them quadrillions of public debt on their shoulders, and 80% taxes with bank bailout-bailin series coming around the corner. Not to mention a ponzi scheme pension system that they will have to pay for. I`m sorry but the old generation folks really fucked up (the ones that are 50+ right now), by letting this fiat ponzi so far. My advice to ANYONE would be to spend less and diversify your investments. Bitcoin counts as an investment, but I would not hold more than 1% - 3% in BTC. Consider a small investment on in gold too. * * * Um, the younger voters voted in Obama.......... Fell for "Hope and Change". Yet Obama has added more debt than ALL the past Presidents in history combined... Free Stuff, the oldest political trick in the book. LOL, and just wait for your insurance premium rate increases coming soon. But, the Republicans have shown NO SPINE in stopping him. |
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Finally! I have found an easy way to buy bitcoin.
Someone introduced me to coinbase. I signed up to it and i entered my banking details.
I uploaded 400 dollars to my usd account, and now i am finally going to purchase my first bitcoin.
I am very happy about this. It's about time i can easily buy bitcoin from my bank,
So my question is: Once i buy my first bitcoin, what exactly do i do with it?
Do i leave it in my coinbase account? Is it safe there?
Or do i transfer it to my desktop computer?
I'm not familiar with this yet. I plan to always keep a balance of 1 bitcoin in my account for 5 years to 10 years,
the rest of the bitcoin i buy i will spend online.
What is everyone's advice?
Much of the above advice is excellent. I would not store my BTC at coinbase, at least for long. The safest way that is "pretty easy" would be to buy a "hardware wallet". I use and like both the Trezor and the Ledger Nano, but there are newer ones available too. https://www.bitcointrezor.com/https://www.ledgerwallet.com/Of course you can buy them w/ BTC!  LiteCoinGuy has a big and useful thread re hardware wallets: https://bitcointalk.org/index.php?topic=899253.0 It's a long thread but worth reading. |
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Sure, we all know that in the USA, most of Europe, China (mining anyway), Argentina, etc. that BTC use appears to be growing fast.
I am just back from India and Nepal, where I saw ZERO about BTC adoption, only ONE (USA) person in our tour group had even heard about Bitcoin, he had read about it, never used it. bitcointalk member bryant.coleman wrote that tekkies in India ARE looking at and beginning to use Bitcoin.
* * *
Well, what other countries are beginning to see BTC use take off?
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or even half of it or even 1/10 of it? ??
FOFOA had an idea (specifically on gold, but probably would work re Bitcoin too). The US could offer to BUY and and all gold (or BTC) for an arbitrary but very high price, say $5000 / oz (or BTC). That would become the floor price, it is likely that the entire world would then see the value of BTC and gold. The price would then skyrocket. At $55k (FOFOA is now suggesting $100k per oz) in NON-HYPERINFLATED US$, that would go a long way to reducing US debt. Same would probably work with Bitcoin. |
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bitmixer.io, the most reliable of the bunch, IMO.
blockchain.info, for monitoring BTC and miners. I use their wallet for some small BTC storage and mixing.
providentmetals.com, the most convenient provider of gold for BTC.
bitcointalk.org, for the education and for my general delight.
Ledger and Trezor hardware wallets work well for "cold storage".
* * *
I wish I could say localbitcoins.com (which I have used some), but it is HARD to find and meet members in my city, I don't know why...
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Some more comments re India and Nepal FWIW.
1) I found Nepal to be a very positive place. Good food, very friendly people. YES, they are taking a horrible bearing from India re blocking fuel imports to Nepal. Apparently the reasons are complicated, but it sure looks to me that India is much acting like IMPERIALISTS (oh the irony of that). But, again, I do not know all the facts.
2) A couple of you above mentioned that India looks like they will become a major power, perhaps a superpower. I agree. New Delhi and its airport were quite impressive. Their population is growing (unlike China, which I visited a long 14 years or so ago). I think that the Indian population (as a whole -- also mentioned above is the idea of "many Indias" as it it is so varied) is catching on to the ideas of freedom, education, etc. But there is a LONG way to go. Our impressive Indian Tour Guide, for example, had his own marriage arranged... Nonetheless, they have two delightful children.
3) India is a hard trip for (most) Americans. You must be open-minded and "ready for anything". Get your vaccinations! Even so you will almost surely get sick at some point, but at least you will not get Hepatitis A, Typhoid Fever, Tetanus and other truly horrible diseases...
4) Both of our guides were extremely useful, competent and nice people. Anyone going to India or Nepal, PM me (or ask via email, there at my Profile here).
5) NONE of the Indians nor Nepalis that I ran into knew anything about Bitcoin, but I was a TOURIST (with my wife). If wither or both countries start catching on to BTC in a big way, that would make the lives of tourists better (less risk of losing money to theft) and they themselves (not having to deal with onerous currency controls).
6) Bryant is quite correct about SO MANY using cellphones, just like the young here. Just in of itself that implies future-oriented thinking, maybe as the generations come along they will indeed surprise the world re progressing into becoming a mighty country. But, there are a LOT of ways things could go wrong too.
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