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The main problem with gold is that when SHTF governments will confiscate them just as private pensions and checking accounts, they will all be robbed, so gold as physical and heavy it is, its very exposed to thief criminals.
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What if Satoshi threw away his private keys where he held that many bitcoins, so that even if they get to him they cant steal his bitcoins?
Because if this is true, then the bitcoin price cant really go below 100$ cant it?
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I dont think they own a single bitcoin. If a central bank buys something you would see obvious clues about that.
A central bank doesnt buy 1000$ worth of bitcoins, they buy them in billion $ quantities.
If they would be serious then the bitcoin market cap now would be like 1 trillion $ of which 98% would be from central banks.
If they are not serious , then they dont buy a single one because they got other things to worry about.
Central banks/governments do not have to buy bitcoins. Seized bitcoins (like Silk Road bitcoins) are included in their kitty too. In the future, if governments allow payments for services through bitcoins (there is already some talk regarding this), their holdings will increase. They already auctioned those coins, so i dont think they hold them. Besides that was a law enforcement agency holding the coins and not the treasury. There is a difference between coins held as evidence in a crime, or coins held in a treasury account which then can be used for spending or who knows what. |
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You would need to think very careful about how to organize an army consisting of many different subarmies. Normally there is one big head who organizes everything and through delegating he can command and act fast. But if this is missing then i wonder how reaction time would be in case of a war.
One thing to consider too... whose bread i eat those song i sing. Even if you say these people will be honest, we already see that this wont be really true. Think about universities or newspapers. They all depend on donations and know what... the result is that universities dont do science for the danger of GMO. They would lose a lot of money if they would do so.
Or newspapers... losing a big advertising partner can be deadly.
So im not sure how to prevent that those persons have an unhealty influence. Its not so very different from now then.
We live it a digital era now, its not like we need to send scouts on horse between armies to communicate. We could have a control center on the internet itself, and the internet could vote about combat strategies based on a rank system. An anonymous , decentralized HQ, which would be based on a rank system. For example people would have to play a video game simulator about a combat situation and whomever would score the highest that score would be added to his anonymous profile, and the highest their score is the more voting rights they have, over the real army. This would ensure that the leadership to be also a decentralized network of specialists, which would be much better than current generals, and also since they would be anonymous and decentralized, no outside influence could influence them. But this assembly would only assemble when a full out war would happen, local problems would be dealt by the local militias. Though that might add risk to the war. Giving out the actual status of war to many generals might mean that the risk of one of them being a spy is very high. That means that having so many people to know about the status lowers the chance of winning a battle. Maybe it could be turned out a bit by users that play different battle situations regularly and based on the outcomes they get scores. Then, depending on the actual battle data confidentially only a handfull could be chosen. Of course the risk still exists because foreign countries might want to place a general in this group. Well then we need to secure the internet first, besides a system based on reputation is not that bad after all. And i`m pretty sure that in a free society like this we would have very few wars, like 1 in a 100 years, not 1 every single year like now. People would have better things to do than to war eachother. And for minor conflicts the militia network is just as good. |
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Why you blaming the democracy? theres any reason why we should blame democracy? if your country is not democracy or they a communist? or a monarchy ? do you think you can access to the internet? so dont blame the democracy it gives you a freedom to say your opinion.
My country is democracy, and i see democracy as another failed system. Monarchy or other tyrrany forms are also a joke and much worse. The problem with democracy is that lying politicians need to promise more and more to stay in office, which inherently ends up with huge national debts (everywhere around the world): http://www.nationaldebtclocks.org/About 90% of countries are democracy and we see that they are all near the brink of destruction by debt. And since the debt eats away all poor income people's wealth, through the inflation, every single democracy will become socialism, eventually! And you can see that in realtime in the EU, and USA, massive leftist welfare states, which is horrible.
I`m advocating freedom, democracy is just another form of tyrrany like the rest of it... |
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Thats a problem every time you unlock the wallet on a hot system. A general wallet security thread might be a good thread to start, but I want to keep this topic very focused on signatures.
Yes it is but if you already put together a tutorial where the exposure of the private key is required then its also important to atleast warn the newbies to be very vigilant about this, and not to find out in the hard way. Just basic security, when handling private key. My online PC is very hot so I dont handle my private keys on it. |
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Well it is not under our control, that is down to the governments to proceed and to take action or not. I agree in what your saying too to not take control or suspend services but if the government want to close them down they will do. Could take a long time before action is taken. And indeed if it was to close and then price would tumble down just like when MTGOX went rouge price got hit hard and still recovering from that. And right now to get bitcoin back up into the nice 800s again is going to take a lot of work to succeed where it has faild.
There are always alternatives like localbitcoins.com but really stable exchanges are a fundation of a currency. So i really hope they wont fuck it up for atleast 2-3 more years until bitcoin will stabilize and start to grow. But yea nowadays few exchanges are complying with regulation so its probably more tolerated, but i really want atleast 2-3 more years tolerance and after that bitcoin will be undefeatable. |
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Serioussly this really good guide for newbie in bitcoin 
But if you want to really secure as possible you can buy a cheap laptop that and make it just for bitcoin wallet , if the wear on the computer that you often play could have been attacked by a virus and lose all bitcoin. Yes, well i use an offline PC, because a laptop has wi-fi by default, which could be hacked i guess so I just dont want to risk it. My old PC is from 2003 and works very well as a bitcoin container. Your tutorial is good for people who give some time here, as you need to be a bit more lenient I feel as not everyone who hops here is a tech geek and so, a bit easy language should be used, even if gets a bit more detailed then that would be awesome...
Well i think my tutorial is pretty easy to understand. I think my e-book is pretty detailed, so check that out: https://dl.orangedox.com/IdfJScHNXT25dKaszu/Guide%20to%20keep%20your%20Bitcoins%20Secure%20v1.00.pdfThanks a lot OP, helped me out a ton.
No problem, its my contribution to the bitcoin community. |
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This post is right. The inflation is the greatest enemy of employees people on fixed income because its steal the ...
I fixed it. Yes its true, because the capitalist doesnt adjust wages for inflation, but the inflation still eats away the money of the employee. And both the capitalist and the worker is fooled by it, while the crooked shady central bankers laught with a nasty voice about it. Its not just employees, basically all fixed income people: pension, welfare, etc. So the whole socialist system designed to help the poor is actually hurting the poor the most because the inflation that an average consumer gets hurts it much more than anyone else, and neither the welfare, nor the minimum wage (which will cause capitalists to kick out crappy workers, thuse increasing unemployment). But blame democracy, since its all a bribery system, politicians always need to promise more to stay in office, and those promises cant materialize from taxes, so the whole central bank mechanism is a direct consequence of democracy. And eventually all democracies will end up socialists. Just look at Europe and USA. |
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Anyone would like to comment or give a feedback about this tutorial or the e-book? It would be really nice since I want to see if it helped you secure your bitcoins  Also if you would like change anything in the methodology of the tutorial feel free to comment it, it's not a perfect guide so maybe I missed something. |
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Hmm maybe I should make these software free to download? What do you think guys, but then I would put a few ads in them so that it would be monetized. Tell me which strategy is better? |
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Man I`m also earning 500.000 satoshi/day from those faucets, they are really paying alot. But of course it needs time to write all those captchas, but its totally worth it.
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So did anybody read my book? Anyone wants to comment it or give feedback about it It's only 15 pages don't be lazy its for your own education about bitcoin. |
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If you save your money will not have a profit it has 0% interest but it will be useful to when you don't have a money or there are a emergencies and if you invest your money, you invest it in a company that have a compound interest, because compound interest make a big profit its bigger than a simple interest and also make a business that give you another income.
In the fiat economy thats 100% true. If you put 100$ always away from every salary under your pillow after 20 years you will find less there than you put, because the invisible thief called inflation has robbed you every night. And since this invisible thief is the tool of the central banks printing money out of thin air, you can blame it on them. You could only save money in a deflationary market like bitoin, if succeeds. With investment you will get guaranteed returns, with guaranteed risks, so it depends on your skills really and risk appetite. |
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Get bitcoin every day from signature campaign, faucet and get some satoshis from trading Indeed bro, i do that too. However I just started writing books, hopefully this will get income too, as i saw people dont have much ideas how to get bitcoin, but you just have to be innovative and figure out ways to get more. |
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Well if they following regulation am sure everything will be fine but then again if not then only time will tell if they are doing things within the legal limits or they are actually taking illegal action and not following rules and regulations but many use btc-e if governments where to act and stop them then it would be another big exchange to leave and no doubt the down fall for BTC prices. But if that is not the case then what about coinbase that is in San Francisco, California surly with the rules and regulations in the US will get pulled apart but does coinbase follow rules regulation and regulated. Am sure I seen a new exchange popup that was meant to be supported by the government but so far as yet to see results.
I would not like to see that though, the price is already dangerously too low, and we dont want bitcoin to die just now as many many retailers and people start to acknowledge it. So please let these exchanges continue atleast 3-4 more years until they diversify themselves so that bitcoin to have enough time to spread between people! |
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Finally got paid from Microwallet, damn their transaction time is very slow.
They owed me 500.000 satoshi.
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reserved
Very nice tutorial shorena, newbies will like you for this, you should put up a donation address in case a newbie wants to thank you Im not entirely sure if thats within forum rules, thus I dont specifically post an address or ask for it. There is an address in my profile that can always be used, my node is also linked from there and has an address, the example address I used in the OP is obiously still under my control so it could also be used. In short, I think if anyone wants to donate, its easy enough already and I know newbies dont have that much in the first place. Also please announce in the first post that they should keep their private keys secure while they signs the message, because there are many ways that the private key can be compromized while they sign the message.
Not sure how you would compromise a private key in order to sign a message as long as you keep it in your wallet. Ofc if you go out of your way to e.g. upload it to brainwallet... I guess I kinda see your point. Ill add it to the todo list for now and think about more things to add. Look at this thread, the OP there also posted a donation address at the end of the first post so i guess its ok for the forum rules https://bitcointalk.org/index.php?topic=615953.0A private key can be easily compromized if you got a virus inside your RAM, there are not just simple Keyloggers out there there are also RAM-loggers too that search within the ram for specified data (a private key format that is used by the QT or Armory can easily be detected by them and send through a backdoor back to the haker) So because of this I only sign stuff offline, never on an Online PC. |
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BitDefender works well for me too!
Bit defender is horribly slow and it updates always at the wrong time and slows down pc. I prefer more discretionary ones where i can set when to update it. Yes blame the software because it runs slowly on outdated machines. BitDefender then Kaspersky -> others. I never noticed BitDefender updating. It takes 200MB of RAM which is less than 2% of my total (unnoticeable). I have a very good machine. I7 core laptop with 4 gb ram and still it slows the crap out of it and mostly it updates randomly so when i run a resource intensive application it starts to update to slow it down even more... I used AVG and its pretty smooth however it didnt detect a few viruses, so i`m using Kaspersky 2015 now and it works like a charm. |
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Well if you put it like that, yes there are short term investments only in the fiat-based economy.
Like now as all currencies sink the dollar is growing because it's perceived as a safe haven currency, while every other CB buys it either because it;s forced to do so or because its a tradition.
So i could buy dollar now and hold it a few months then sell. It would probably make a good return, however it would still be a crappy investment.
It depends how long the FED can stall QE4, but I don't really want to find out, my guess is probably until december, so you could gamble your money and put it in dollar and see if you make a return but definitely sell it after a few months... Because eventually the dollar will come down too.
I agree about the relative appreciation against other currencies. When you say buy the dollar, what would you be buying it with? I assume the dollar is the default form of money. I haven't had much faith in the stock market over the last few years, but have started trading again, and I'll give you an interesting example. I have a company pension that gets thrown into a bullshit portfolio of mutual funds and bonds with limited options. I don't really touch anything in it, and made about a 15% return in a year. I consider that a crappy investment, but decent return for managing it passively. Has the fed talked about a possible QE4? I just hear them talking about hinting at an interest rate hike, and then delaying it, pushing the markets higher each time. I am using EURO, and given the fact that the EUR/USD is dropping now for 6 months straight, if i would hold my money in dollar i would be better off. Off course not in a bank account, either in cash or a trading account. And the eurozone really doesnt like people holding dollar over here.... But i`m talking about short term trading here, i dont have any confidence in the dollar in the 5 year term. Also your stock market investment will probably evaporate after the FED stops the printing press. And if they dont then it could go up, however the underlying dollar would eventually evaporate. A US. stock is a derivative of the dollar so if the FED prints a bunch of dollars to buy a few stocks then unless you pick the specific stocks that are bought (or the indices) then you wont see big return. I mean its already inneficient with the comission and the trickleing effect, i bet that for every 1% inflation you are lucky to gain 0.7% stock market growth, so its absolutely not efficient (ok those numbers are not exact, but its not 1:1 ratio definitely). And because of this a rally in the stock market from inflated money is really a shitty investment as you would not beat inflation that way. |
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