If you want 'anonymity', you have to use Tor like everyone else.
Yeah, that's the point, Tor alone will never solve the underlying issue. Greg Maxwell has addressed this and he is also concerned with the current model, you can watch the video where he explains the elements project and he addresses CI, and also points at the need to mask the movement of coins, because for example, your landlord could see that you got a raise in your salary, and then decide to raise your rent.. there are all kind of ways that prove we need better privacy without anything illegal involved.It seems obvious to me that the necessary changes are not going to happen to btc. Why do you say this? It's already happening. Did you read about 0.12? It will have native inbuilt Tor support where you just need to run Tor then open the wallet and that's all, anyone can do this even a newbie. And CT is coming too and BIP47.. why are you saying that isn't happening? I think it's slowly only getting better. |
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One doubt if i lost my seed key can i retrive my wallet with any other method, as their is no wallet.dat file in this wallet software.
the seed can be stored any way you like. after all a wallet.dat file is just a file. so write your seed in notepad. save it. and then put it on several memory sticks .. just like you would with wallet.dat. if you want it password protected. use winzip or winrar to zip the file and add a password to it. then no random prying eyes will see your seed.txt as clear plaintext as its locked into a passworded zipfile. you can also do some crazy things too.. like get a random book. and as you read it. note the pagenumber, line and word of line where the individal seed words appear eg an excert of chapter 65 of mobydick That mortal man should feed upon the creature that feeds his lamp, and, like Stubb, eat him by
his own light, as you may say; this seems so outlandish a thing that one must needs go a little
into the history and philosophy of it.
It is upon record, that three centuries ago the tongue of the Right Whale was esteemed a great
delicacy in France, and commanded large prices there. Also, that in Henry VIIIth’s time, a
certain cook of the court obtained a handsome reward for inventing an admirable sauce to be
eaten with barbacued porpoises, which, you remember, are a species of whale. Porpoises,
indeed, are to this day considered fine eating. The meat is made into balls about the size of
billiard balls, and being well seasoned and spiced might be taken for turtle-balls or veal balls.
The old monks of Dunfermline were very fond of them. They had a great porpoise grant from
the crown. imagine the seed was mortal philosophy veal species porpoises you can encode it C65-L1-W2:C65-L3-W5:C65-L9-W15:C65-L7-W10:C65-L7-W13 where only you know its related to moby dick then save that to zip passworded file. the other good thing is that before you even start. you can select your own words so that its easier to remember rather than being on paper thus not relying on words provided to you. but instead inputting words you want That's a really clever way to store your seed (the saving up character and lines and number of word in a page..) this way you would never forget (well as long as you get that enconded string of characters). But something in me makes me to still trust more a wallet.dat file encrypted and hidden in some encrypted volume offline and with a couple of copies (with a password you can remember) since I heard about the brainwallet hack incident. |
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I think what you are calling a miracle is just someone screwing up in the middle of a transaction as they mistakenly sent money to you when they meant to sent money to someone else. Somehow you were lucky enough to be the owner of the private key, that's all in my opinion.
Do you think is possible to make such a mistake?
What do you suggest?
Should i send the bitcoin back to the sender's address and see if he or she might resend it again?If you send those Bitcoins back it's pretty much guaranteed that you will never see them again. It's your choice to sent them back or not. Maybe the guy is broke and would really need those Bitcoins, or maybe that guy is a criminal and you got those Bitcoins so he doesn't deserve them back. As you see there is no white/black situation here, you never know if you are doing the right thing sending Bitcoin back to some anonymous person. |
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I would buy 2100 BTC, which right now is about that (943.100 USD in preev.com). My current goal is 21, so that would be 100 times more. Why 2100? Well same reason I go for 21, it's just the magic number of the total amount of Bitcoins to ever exist, it feels good having a good stack and that number seems like the best to aim for long term.
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i lost faith in altcoins. why? scam, scam, scam. do not believe it? have a look:
and these exchanges are part of these. and cryt seams to be one of the worst ones.
Altcoins are useless, they are just ways to get people's BTCs. Like a lot of people here im also worried about withdrawing cause a lot of people are saying they get their money stuck unconfirmed forever when they try to withdraw... damn, I should have gotten the money out months ago, I have barely used the exchange and forgot some coins here. |
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Hi, do you take notice of when people get promoted or do we have to tell you in here? Because in that case, I also got promoted to Hero Member this week.
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Sure, Bitcoin can go up 100% from here but altcoins can go up 1000% much easier and much faster, given their current marketcaps and lack of liquidity. But do not wait for too long, buy at least a small amount of altcoins at current very low prices and smile later when majority suddenly (re)discovers altcoins, many of which outperform Bitcoin is all technical aspects. Pretty much every noob investor and speculator is dumping altcoins now so you should be slowly buying them.
You say many of them outform Bitcoin in all its technical aspects, yet you don't give any examples. Last time I checked, I didn't see any coin that has proven to be stable under Bitcoin's pressure, which is the nº1 reason to bet on it. Maidsafe is the only coin different enough that I would be able to trust long term as something valuable. |
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Because bitcoin is deflative and always appreciate in value, people would still prefer spending fiat money and hold bitcoin, they serve totally different purpose
it depend how high is the price, and how many someone have, someone with 10k coins at 10k each i'm sure will spend them without thinking, there is no need to hold anymore at that point Of course tehre is a need to hold at that point. Are you really going to trust the dollar that much to sell all of your Bitcoin at any given point in time? Specially as the future paints us a very uncertain fate for fiat currencies and stocks in general... I don't think it's a good idea to sell all your Bitcoin. Bitcoin is the only way to have wealth outside of the system. |
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Another baseless shitpost. These two "clowns" have contributed more to Bitcoin than what you'll ever do. Just for Confidential Transactions by Gmaxwell and SigWit by Peter deserve a lot of praise. Also they aren't centralizing shit. If you don't like core, go run an XT node, no one is forcing you to run a Core node. And lets remind again the fact that Lightning Network is still the best thing we have to scale Bitcoin worldwide, meanwhile those hating can't come up with something better (raising the blocksize does absolutely nothing in the long term, and periodically hard-forking is stupid). This has been discussed a million times already to be honest.
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Then again, who I am to predict the oil market, it's probably one of the most manipulated out there, and id rather stay all-in in Bitcoin because Bitcoin has in-built features that are ready for the future and desirable long term. Oil is not desirable long term, as technology will move on from it.
You don't buy oil in real barrels, you mostly buy oil futures (or options, for that matter) which expire at a set date To add to that, the amount of oil futures/options traded is multiple times the volume of oil physically traded. It is a giant speculative market.  Indeed, which is why precisely it's better to just speculate with Bitcoin, which has a very solid foundation to become an useful asset in the long term. I still don't see the point of being involved with oil unless you are waiting for that magic "last pump" to happen under a perceived cheap price, but perception can be deceiving. |
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Im struggling to work out if the company is still even open for business?
i guess at this stage if u want to deposit crypto and throw numbers around they
will gladly rob u blind, seems like a very professional scam being brought down
very slowly and discretely, has all the hallamrks of a very well supervised
Bitcoin Foundatuon Mtgox meltdown, how much evidence is their between
Bitcoin Foundation players and Cryptsy making contact prob alot of espionage
and hacking might be very difficult to make connections, though i know it
started around Jan 2014 before Mtgox even fully imploded
The company is still operative, a friend had some problems accessing an account and the staff replied (with a big delay tho) and they managed to unlock his account which was disabled due inactive time (the infamous message you get if you don't log in after 6 months I think). He's yet to try to withdraw, and he's scared to withdraw his BTC since it seems they get stuck when you try to do this? Well they aren't very safe inside Cryptsy's wallet too soo.. |
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I wouldnt worry about this at all. Something like this would be hard to sneak in and it would take multiple devs to manage it. Id say its a non issue.
Then why is there an XT version out there? Does this mean these ABC guys are more trust worthy than those XYZ guys? What is the criteria to judge? And how do you make sure you are not biased Because the XT guys have tried to centralize Bitcoin by doing a ridiculously big blocksize increase and they couldn't find a consensus with devs and most people aren't agreeing with that, therefore they freely started their own thing as Bitcoin XT. I don't really see what you are trying to say in the OP, all those risks have already been considered and are under consideration. XT is too radical thus barely can get some agreement, but the proposal I see in segregated witness is more radical than that, he promote to change the whole bitcoin architecture, do you think that is under consideration? Someone already pointed out increased sybil attack risk in SWclient, check Lauda's thread here https://bitcointalk.org/index.php?topic=1279444.msg13227840#msg13227840Sigwit can be deployed in a soft fork, it's a way less risk than raising the blocksize. There aren't any real serious risks, otherwise Core would not consider it since the Core devs are the most conservative out there. You are still free to check the code since it's all open source. Also in the case an XT disaster happened (hard fork consensus is actually reached) no one loses coins because your coins would automatically show up on the new chain. But as pointed before no one cares about XT anymore so it's not an issue. |
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Price volatility is the biggest problem. We do not know what the price will be next week. We cannot use it as investment.
We have to be confident first about the Bitcoins price volatility, because we don't know the future but still businesses are running with hopes for any things. So I personnely feel that if we hold back some Bitcoins will sure give success. No, bitcoin is a kind of currency lot’s of people are really love to use. Even it's a volatile currency and nobody knows what the price will be tomorrow, still people are investing their money into bitcoin ecosystem. Most of the people thinks that bitcoin is the future of world currency. This hope is the real backing for bitcoin system. At this point is a way bigger risk having your money on stocks than having your money on Bitcoin which translates on the Bitcoin price going up everytime there is a quake happening in the stock market, as we have seen continuously since the chinese capital controls (or even going back to the cyprus days) and every time this happens again, it will only get bigger as more people are aware of BTC's features. |
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As the china bubble bursts oil will follow, I don't see how it can recover, maybe if Saudi Arabia and Iran start getting confrontational with each other and somehow the price goes up, other than that it all points down.
Then again, who I am to predict the oil market, it's probably one of the most manipulated out there, and id rather stay all-in in Bitcoin because Bitcoin has in-built features that are ready for the future and desirable long term. Oil is not desirable long term, as technology will move on from it.
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Just off topic here, but do you know any good movies or documentaries about Bitcoins or any other e-coins? I have some free time here in the weekend and would like to watch something - maybe even some good Youtube clips? Here's a pretty decent list: http://www.coindesk.com/six-bitcoin-documentaries-watch/This is from 2014 so there may have been other worth-watching documentaries since this article was released. My favorite thus far has been the one by SatoshiPollen (search the Youtube channel) and also this one which was not included there: https://www.youtube.com/watch?v=8zKuoqZLyKg |
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If you want 'anonymity', you have to use Tor like everyone else.
Yeah, that's the point, Tor alone will never solve the underlying issue. Greg Maxwell has addressed this and he is also concerned with the current model, you can watch the video where he explains the elements project and he addresses CI, and also points at the need to mask the movement of coins, because for example, your landlord could see that you got a raise in your salary, and then decide to raise your rent.. there are all kind of ways that prove we need better privacy without anything illegal involved. |
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This is why I haven up in any altcoins, back in the day when it was a novelty I used check the different wallets out if I found the coin interesting, right now it's just a waste of time to be honest, they are all after your Bitcoins, it's all they care about (obviously there are some exceptions like Monero, MAID and so on, but the rest are garbage).
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I'm sure all of my coins are dripping in filth, blood and drugs. I really couldn't give a shit though and I've never bothered to check their history and never will. They get the job done.
All these people screaming 'blacklist' are really just seeing private companies exercising their rights to cover their arses from the heavies breathing down their necks. It's all laid out in their terms and conditions and easily avoided.
Same here, I can't be bothered to check whatever origin my coins got, since that's a waste of time, but ultimately even if you don't care, the person you are paying to may care, and sure he can't reject whatever Bitcoins you are paying with, but I wouldn't like to be paying with some money that was used previously for illegal stuff because what if the receiver notices and reports it or something? This is why we need increased privacy, and integrated CoinJoin like feature in all wallets, like coins get mixed by default and in a decentralized fashion, only then we can start talking about e cash. |
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Well, in the meanwhile I believe that Bitcoin will break through in 2016. The Chinese economic crisis will be the igniter for this.
It's already happening, the stock market in China is going down the drain, and Bitcoin has been up 30 dollars since I checked it a couple of days ago. I remember this happened exactly the same when China started raising their capital control levels, after the XT trolls did some damage to the price, the price started claiming up again as China collapsed. Great stuff. |
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It's bad for your privacy, as people could in theory know that you are storing money in a single address, that's why you should get as many news addresses as possible (for each transaction). I can't wait until the new BIP47 makes it all easier and we don't need to keep creating new addresses each time to retain privacy which is a pain in the ass.
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