Because what you're storing is the private key it enables you to sign the transaction necessary for you to spend the coins from the associated address. Hence, while everyone knows and can send money to your address, no one can spend it without the private key which only you have and is safely stored offline.

In layman's terms, what you are storing offline is the proof that you own the Bitcoins, so when they are sent to an address you can effectively 'claim' them as yours. I'm not too sure if I explained it properly so don't hesitate to ask more questions.

Actually, that maximum may not be enough - you'd need an infinite amount of money and a limitless maximum bet in order to be able to guarantee a profit. Unlikely as it is, it is possible to lose n times in a row (probability prior to rolls occurring is 1/(2^n)), so unless you have money to cover the previous loss (ie infinite) you'll eventually bust in the long term.

If you simply complete trades according to the agreed terms without hassle people will begin to trust you more. You shouldn't have an obsession with trust - it'll come naturally as you become more experienced having completed more trades/purchases with others.

While I do agree having to wait is frustrating you kinda have to plan around the wait seeing as everyone knows that with manual work it takes a while (plus it's mentioned in the OP). Not to mention Stunna has a lot on his plate at the moment; having to launch PD3.

And I've seen 27 losses in a row at 50%. Unless you've managed to contradict mathematics and you can prove that 1 = 2 then eventually you'll go bust by martingaling. It's simply a matter of time - so in all fairness your 'system' doesn't do better in the long run than any other 'system'. If martingale actually worked people would simply martingale at dice sites all day and the house would be broke.

Personally, I say it would be a combination of the misinformed without a thorough knowledge of what their talking about and people who have been upset at either getting scammed when using BTC in a transaction or selling/buying at the wrong times and being frustrated with the current price.

You could try asking nicely. AFAIK that information isn't publicly available so you'd have to ask one of the staff/mods/theymos about it.

You have stored them in locations that are separated physically by a reasonably large distance right? For example, don't have them all in your house - if there's a fire then you'll lose them completely. Unless you have a fireproof safe rated for temperatures to ensure your paper doesn't burn up, you might want to look into storing a encrypted version of your wallet on a USB key in a safe deposit box with your bank.

A Paypal account is not collateral. On the assumption this isn't a hacked PP account, then even if people give you the loan and you default there is nothing stopping you from contacting PP saying your account details were stolen and chargebacking anything in the account. If it's hacked same deal - except you'll be screwing someone else as well.

If you want this loan try either altcoins or physical goods that you can send to an escrow.

Well that's degenerate gambling for you. I mean she literally burned $60,000 USD in under a minute which I'm pretty sure some people would explode over. Anyways, it only goes to show there's never a 'system' mathematics and probability will always get you in the long term unless you manage to get out with a profit and run.

If it's not too much to ask, would you be able to confirm me.

Thanks.

Any business operation would initially claim the problem not to be serious otherwise there'd be mass panic. In both situations (serious and non-serious) it would be best to claim a reduced degree of severity simply because it is true if it is non-serious and if its not it buys you time to fix or steal before people begin suspecting and panic withdrawing and finding it doesn't work.

I've got to say that one was rather impressive. @OP: I'm not too sure whether you'll find any Nigerians with good enough English to translate for you here - if their emails are anything to go by.

They'd be better off spending that simply creating a new exchange and jumping through all of the legal hoops. IMO, there should be no imperative for any new owners to have to compensate for the failure/theft by Karpeles, he should take complete and utter responsibility and pay his dues either by returning the BTC or rotting in jail. Honestly though, even if there is an audit and new owners I'm doubtful it'll ever be restored to a point where it once was - there has been way to much negative media and stigma associated with Gox now.

I'm pretty sure what he's looking for is something called... fiat. Trying to convince people to have the option of 'freezing' coins goes against the whole fundamental concept of decentralisation and Bitcoin. If it could be frozen power would then reside with the developers. Not to mention, even if they did agree, I doubt the miners and nodes would accept and implement the change and without them good luck.

Unless you've rooted your phone or done some crazy crap to it it's unlikely that hackers will have access to your phone. It's far more probable you lose your phone/it gets stolen. Even then you should be able to request a new 2FA be set up and you're good to go (remember to backup your secret key by printing it out or writing it down).

Just out of reference, @OP if you're planning to create a vanity address and you have a decent GPU - look into using oclvanitygen rather than just vanitygen as your GPU will be a lot faster at brute-forcing keys than your CPU in most cases.

For a time based 2FA unless they have the secret you've shared there's no way they will be able to brute-force it before it changes. I suppose they could guess it, but it's like a 1 in 999,999 chance literally to get it right. Basically, it means you're far safer having 2FA than with just a password alone - the only way you'll be compromised is a server side flaw, a scam by the site owner, you lose your secret key and your password to the same person.

Actually an increase in demand will simply lead to a higher price. No need to worry about the supply curve as long as it doesn't shift (of course there is a marginal shift of 25 BTC per block but I wouldn't worry to greatly about that in the short term).

If we saw major adoption for it as a payment option - that would drive up demand from consumers (and bring in new blood) which would lead to an increase in price. It should eventually appreciate seeing as how we are regularly getting more and more people willing to buy it.