|
...
@ iamback and above interested in wealth creation
Yes, unless you already have money, you must work for it. Productive work is what it is all about. Just digging a ditch (low-skilled jobs) in low demand are typically NOT a way to do that. You must do something that people with money to pay actually want.
-- Educate yourself to the best of your ability in a worthwhile field
-- Work like a dog... Stay positive, even when things look bad.
-- Avoid bad habits (drugs/alcohol, having children before marriage, etc.). Stay out of jail, etc.
-- Be open-minded, you never know where the opportunities will come from
-- Keep learning (I am 58, and have been learning BTC for about a year)
-- Keep working hard
-- Did I mention keep working hard?
Luck matters, at least in the short-term. Luck matters less (usually!) vs. persistence over time. It took over 10 years for our company in Peru (my in-laws) to make our investment back. Persistence pays.
Wealth preservation would be the next thing to think about once one is on a good trail to wealth creation... CoinCube's thread here is a good place to discuss that too.
|
|
|
|
|
...
An important disclosure!
I have just joined bitmixer.io's campaign, as have many others here at bitcointalk.
If I were in this solely for the money, I perhaps would have not joined them. But, I don't care about getting the maximum number of BTC possible as I have actually used bitmixer.io many times now, their service has worked very well.
Highly recommended.
|
|
|
|
... OK, my turn to test bitmixer.io's campaign!  I am taking this step because I have used their mixing service many times, and it works great. Highly recommended service! |
|
|
|
|
...
Yes, re Trezor.
The Ledger hardware solution is also excellent. Ledger is a bargain, only some 29 euros.
I have both, and like them both.
|
|
|
|
... There is an easy solution: bitmixer.ioAnd/or if you have a blockchain.info wallet: use their shared coin service. Both work fine. If people would read the thread on Bitcoinfog before they use them, they would likely avoid a lot of indigestion, just sayin'... |
|
|
|
... What is there to debate? Buy both! I addressed my reasoning on both on another thread: https://bitcointalk.org/index.php?topic=953896.0Both Au and BTC have some similarities, but their differences are attractive to anyone who wants diversification.It's so obvious to me that both are good. The only real question is what proportion of each to hold (based on risk tolerance and a multitude of individual circumstances). |
|
|
|
... Bitcoin = Bitcoin = Bitcoin For almost everyone. If somebody does not want "dirty coins", they have the option to not accept them. It's a free country (smile,,,). * * * I have read that getting "newly generated coins" from a miner (when they win a block) is desired by some. Anyone who really wants "clean coins" might be able to buy direct from an Eligius, GHash.IO, BTC Guild, etc. OP! Let us know if you take that route! I would be curious to know how hard/easy it would be to buy "Brand New Coins" * from a miner! * Also let us know if there would be any "numismatic value" to any mintages... |
|
|
|
... For even more privacy, and if you do not mind spending an extra 0.6% or so more, you can run your BTC through TWO different mixing services in sequence...: bitmixer.ioand then by blockchain.info's shared coin service (I believe you must have a blockchain account there though). If you are careful about doing that, NO ONE but "The Big Rhino" (US government) will be able to track your BTC. Both above services work quite well, and clearly use different algorithms -- an advantage! |
|
|
|
|
...
Gold and Bitcoin are clearly different assets while jointly holding some important similarities. As asset classes, they overlap to some degree.
Because they are somewhat different, I would advise holding both.
Gold
5000 years valued by humanity. Best store of value known. Very rare. Well known as the premier numeraire. While not easy to use in transactions, there is always somebody around who will take your gold. Gold could very well rise to astronomical levels (FOFOA'S $55,000 per oz) as all of the paper gold will wind up valueless ("paper gold" are claims on gold, like futures, gold lending, options, etc.). Carrying gold is reasonably anonymous (except for TSA at the airport).
Bitcoin
Bitcoin is also "scarce", and IMO will rise very nicely at some point (when?). Bitcoin transactions, properly structures (mixing services, etc.) lead to pretty good privacy as well. BTC is very mobile, the only thing holding back BTC overseas (developing countries) is a paucity of outlets to spend or convert them. There is a pretty good chance that BTC may NOT catch on, so there is that risk.
* * *
Gold and Bitcoin a great combination as assets. Both are "volatile", but for many of us, that matters little...
Got gold?
Got BTC?
|
|
|
|
|
...
pooya87
That bitcoin/wiki link explains a lot, thank you!
Highly recommended for these BTC address questions.
|
|
|
|
... Here's a fun little site that allows you to hash your own information! http://www.xorbin.com/tools/sha256-hash-calculator* * * The below is a hash I made from data I put into xorbin's service. Anyone want to take a crack at it? It (the original data) is maybe some 150 characters long, arranged in a table: dbfcd249a73e9412383c9634e77bd986526962611efcee91cb8d9433613b3aa7 |
|
|
|
... ranochigo, pedrog, and cheekychap Thank you, one can learn something every day! * * * What about posting "interesting looking" addresses? Is that considered "Bad Form" (publicizing someone's public key just so I can get a question answered)? |
|
|
|
|
...
Since I am in the mood to ask questions tonight, here's another one about the strength of the cryptography here in Bitcoinistan™.
OK, I have read that two of the three encryption techniques are hashing functions (SHA-256 and RIPEMD160). The other is encryption using elliptic curves (which I kind-of understand). But, I know very little about about hashing functions...
OK, I have also read reasonably extensively that the "math" behind BTC is pretty strong, that it will be a LONG time until computers come along and can break the encryption.
I have read that *maybe" the elliptic curve methodology may be weak (computationally speaking, and theoretically). *Maybe* there are proofs (or not) re the actual mathematical "strength" of encryption via elliptic curves.
But, what about the two hashing functions? How do these work, and does it appear that they have any "chinks in their armor? "Theoretically speaking" (via math, or better yet, math PROOFS), just how strong are these two?
I appreciate all of you who explain things like this to "the rest of us", thank you!
|
|
|
|
... When I have nothing better to do, I sometimes browse the blockchain via blockchain.info. Really just to get a better feel for different kinds of transactions and to learn a bit more (some of you know I am a relative beginner who has pretty much had to "learn by doing" and not a programmer). (Some time ago, I asked bitcointalk about addresses that have a small letter (after the 1) vs. a CAPITAL letter, and I also asked about how a small percentage of addresses have ONE less alphanumeric in their addresses vs. the overwhelming majority of others. The answers I received explained BOTH points very well. Thanks!) Well, here is another little oddity I have seen recently. A small percentage of addresses (maybe 0.5% -- one in 200 or 300 addresses) start with a 3. One very interesting address that moves a LOT of BTC around (and starts with a 3) is at Block Height 342350 (won by Slush). A LOT of BTC!There are only some 93 transactions at 342350, so if you want to see for yourself, just drop by and scroll down. That "3" address is the only one I saw there. Why is it that some addresses start with a 3?* * * I guess that a second question is in order. Is posting a public address (like the one starting with "3" at 342350) considered "Bad Form" here at bitcointalk? Hey, I don't want to cause any trouble around here... |
|
|
|
|
...
I started into the BTC world after BTC had backed off its all time highs (over $1000), I started slowly buying at around $700 and having been buying more on the way down. For the moment I have no plans to spend them.
That would change if BTC goes back up to $1000 or even above its earlier all-time highs. I will mention below what I will likely do further below, but here is a chance to tell people WHAT you would do with some or all of your BTC if we have a BIG price rise within, say, the next year or two:
If BTC goes to $1000 or more, what would you do?
* * *
1) Buy gold!
2) Look for a good investment in the BTC community
3) Very possibly hoard the rest
|
|
|
|
... bigkahuna Yes, of course, nothing is impossible. But, I like to think in a probabilities, to me seems improbable that Greece would become a money or data haven. If Russia wanted to become any kind of haven, NO ONE could stop them! But, many big-money Russians have been taking THEIR money out for many years. Beyond this, I am not really competent to comment, other than Russian culture (love of big .gov among their people) seems to be hostile to personal liberty and people hiding their money. I saw at reddit that Russia has recently been cracking-down on BTC sites... I would not trust my money in either Russia or Greece.But that is based on my beliefs and experience, limited as my experience is. |
|
|
|
|
...
shorena & MineForeman.com
Thank you for the information!
|
|
|
|
|
...
@ MineForeman.com
It looks like MultiBit will allow a "Label" too, I tried to send something out from my 11-cent balance there at MultiBit, but forgot the password...
I do not know if any other blockchain watch programs will allow viewing a Label.
|
|
|
|
... I am curious to know how many alphanumerics can "ride along" a BTC transaction ("Public Note"). Here is an example (hash code for this transaction) of a small BTC transaction with a Public Note (perhaps best viewed at blockchain.info): 798b90badb81492b35ac2f98b1d6b742edd3da490a99f7b48588655f91ad6841 Here is the message (about 39 characters, went through OK): HowManyCharactersCanRideAlongAsALabel? EDIT: Perhaps using hash codes as the Public Note is what factom.org has in mind for using the blockchain to store their large quantities of information without making the blockchain too bloated (?) factom.org is an interesting little start-up. |
|
|
|
|
...
OP has three BTC mixing services displayed at his website. One of them is bitcoinfog.co, which has its own (long) thread elsewhere here at bitcointalk.
However, I (and I'm sure many others here) would be very curious to hear reviews/experiences from others re the other two services displayed at bitcoin-mixing-services.com:
-- bitcoinblender.net
-- helix-light.com
Competent and honest mixing services are always welcome.
If anyone tries either service out, please report back!
* * *
The two established players in this space (mixing services) that I have used and respect are:
No. 1: bitmixer.io (not bitmixer.info)
No. 2: sharedcoin.com (I believe this can only be used if you have a blockchain.info wallet)
I have used bitmixer.io and sharedcoin.com many times each. "They do good work."
|
|
|
|
|
Show Posts
