What happened to Innocent until proven guilty? How can the government sell personal property until the case is adjudicated ? This is still America?
Those coins are Silkroad's, not DPR's. Since no one claims they are the owner of Silkroad, the US gov could sell the coins. (Claiming SR's coins is just a plea of guilty) |
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FYI guys, the coins will be auctioned off in 10 blocks of about 3,000 coins each... that means, at today's prices, it would be $1.8 million per block... but they'll probably get a discount, so let's say 1.5 million.
i don't think there are many investors willing to pay that kind of money. could it be something set up for wallstreeters with big backings to enter the game at a relatively low price?
Are you serious? 1.5M is just pocket change for many people. |
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The auction of Silk Road coins will be the black swan event that ignites the next rocket to new ATH
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Morning everyone! Just checked the prices for the first time today, and noticed the little slippage in the pricing...has any big news come out today or just market correction?
Just more of the same, Chinese fud http://finance.caixin.com/2014-06-12/100689938.htmlBS. This happened last week. Nothing new |
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I don't know what's your claim really for. Roger offers a bounty because he doesn't even know who the hacker is. However, you know who's holding your bitcoin. Just use the 400BTC to pay a lawyer to sue them, or pay whoever to do whatever you want
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The ex-"technical chief supervisor"* of Blockchain.info joins OKCoin (* I don't know the exact title of his original position in blockchain.info. I just translate it literally) |
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Where's the arbitrage? It's still middle of the week. It's ridiculous how inefficient this market is.
Probably bitcoins are bought in China and sold at Bitstamp. The same happened in January with MtGox. Some insiders expect PBoC FUD soon. It's been quiet for too long. Buy high sell low? It doesn't make sense |
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What you have described in your paper could be implemented without any change in bitcoin protocol. You don't need any endorsement from the so-called "core dev". Just do it if you think it's a good idea. If it's useful, people will adopt it. Don't sound like an attention-seeking kid.
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Bitcoin is just an idea. It can't be destroy.
If Bitcoin is destroyed for some strange reasons, another cryptocurrency will emerge and take its place.
Are you trolling? We are talking bitcoin the currency, not Bitcoin the protocol |
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What kind of adoption is held back with 10min block time versus 2.5 minute block time? - everyday in-shop purchases shops can accept non-confirmed transactions -- the risk when handled properly is minimal compared to things like counterfeit cash or credit back claims
Let's say you are buying $250 at grocery store. Really they are going to accept 0 or 1 confirmation? Chances are they will want 6 or more. It is a definite issue in my mind. Best solution I've seen is to use trusted 3rd parties using 2 of 2 multisig transactions ( greenaddress.it is rolling this out now I think). This then allows merchant to accept 0 confirmation transactions and trusts that the 3rd party won't double spend. Both merchant and customer have to be using the same 3rd party though, so that is a drawback but merchants could accept payments from multiple 3rd parties. Steps: - Customer can send funds in advance to a multisig address requiring their signature and 3rd party sig.
- At payment time, customer and 3rd party both sign a transaction spending the multisig transaction and sending payment to the merchant.
- Merchant is trusting 3rd party not to double spend.
- Merchant gets sent copy of transaction presumably using payment protocol, so they don't even wait for it to get propagated through the bitcoin network.
If the grocery store requires 6 confirmations, even 6*2.5=15 minutes is absolutely not acceptable, as VISA takes only 15 seconds To compete with VISA, the block space has to be something like 2.5 seconds, which obviously won't work. Yes, the 3rd party green address is the best solution. |
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If you want cold storage, you need to generate your private in an off-line computer, and never let the computer connects to the network again.
Anything else is not absolutely safe
Yeah, I am realizing that from reading these responses and rereading Alan's cold storage how to guide. I'm planning on buying a cheapo laptop for this and disabling the network drivers so it won't ever go online. Depends on how paranoid you are, you may compare the address generated by the online computer with the one by the offline computer before you make a payment request. A smart virus in your online computer may replace the address generated by Armory. if you want to be paranoid, then having a laptop that has never been online is still not absolutely safe unless the machine is also physically locked away somewhere safe along with any backups (paper or otherwise, preferably in different locations). Either that or the Machines HDD gets physically shredded after any paper wallets are created. otherwise there really is nothing stopping an unwitting person sometime in the future from installing a new OS or removing the HD and putting it into another computer. I think if you go too far though the chance of you losing the keys becomes much greater than someone stealing them. Physical security is a completely different topic. Obviously you can't use cryptography to fight with a gunman |
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If you want cold storage, you need to generate your private in an off-line computer, and never let the computer connects to the network again.
Anything else is not absolutely safe
Yeah, I am realizing that from reading these responses and rereading Alan's cold storage how to guide. I'm planning on buying a cheapo laptop for this and disabling the network drivers so it won't ever go online. Depends on how paranoid you are, you may compare the address generated by the online computer with the one by the offline computer before you make a payment request. A smart virus in your online computer may replace the address generated by Armory. |
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| 10-Jun-14 | 64.34 | 69.16 | 106325 | 10 | 0.01 | |
They're buying 10 coins? My grandmother's buying 10 coins. Sheesh. Whales these days... Okay, seriously though: Thanks a lot for keeping this updated, jl2012. Much appreciated. That's actually below their minimum investment ($25000), so most likely rounding error |
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It means that hashing power had to almost double, no? :O
If the network solved 40322016 blocks in the time for 20161008 (~ 21 weeks) then it would mean it doubled. There is a huge amount of variance. The average time between blocks over 6 blocks over even 48 blocks is mostly random noise. Even for 144 blocks (~1 day) there is huge variance. FTFY |
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If you want cold storage, you need to generate your private in an off-line computer, and never let the computer connects to the network again.
Anything else is not absolutely safe
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There was this other guy who wired in $50k just days before Gox filed bankruptcy.. never heard of him either. That guy is back alive. I'm not quoting his name nor profile link for privacy reason |
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since the site show 2 decimal places for net asset, please consider adding that. Thanks.
updated |
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With this dump it is looking more and more like it did right before the massive run-up in November. I guess this is a good sign then?  How exactly is this dump looking similar to pre-November run up? there was massive bear traps on the way, i know, i fell in every single one. Sorry to break it to you, but one of these is not alike.  This formation never occurred in April or November. I really doubt this rally will reach new highs. My personal opinion: Its done. My personal opinion: this is just a pre-rally. It will be followed by a period of stagnation and the real rally to ATH will come
Look at the 1-day RSI chart. The pattern is repeating. If that's true, we should keep raising to 700-ish, stabilize at 600-ish for a month, and the real bubble begins at July.
everybody goes history does not repeat blah blah blah But i agree this biatch certainly is doing a very good impression of the same thing ... Maybe we should say humans repeating their same mistakes or humans not changing their behaviour in the context of (GREED/FEAR) Further zooming out you will see this pattern has happened 3 times in a row  Time to revisit this chart. Now the daily RSI had dropped below 70. If the pattern is going to repeat, we will get stable around 650 for at least a month. This will also form a cup-and-handle pattern on the chart. |
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Please first observe that there are many sub-sections in this forum and you are keep posting in a wrong one
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