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Your points supporting some kind of government involvement in Bitcoin have little merit.
#1 - A fanciful transliteration is no more evidence of government involvement than the fact that Lincoln and Kennedy both having 7 letters implies some kind of conspiracy behind their assassinations.
#2 - Creating a subversive currency in order to gain control is illogical.
#3 - Again, creating a currency that increases transparency in order to deceive people is illogical.
#4 - I think you got the "handoff" timeline backwards, at least according to Gavin. And "no verified proof of Satoshi Nakamoto again" has no relation to government involvement. What does that even mean?
#5 - Only 8360 .gov pages citing Bitcoin vs. 108 million total hits on Google. That seems like an argument against your assertions.
#6 - "Shadow is an open-source network simulator/emulator hybrid" is hardly evidence of a government being behind Bitcoin. Anyway, it is public knowledge that the U.S. Navy developed TOR. If they invented Bitcoin, why would they keep that a secret?
#7 - The article you cite is nothing but speculation with no supporting facts. The paper you cite describes something very different from Bitcoin.
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So let's say I want to accept payments or donations in a webpage so I put a QR code there. The problem is I dont want the address to be attached to my real name forever because this is dumb from a privacy perspective (it would be like having your bank account transparent in a webpage). Everyone could see how much money I got paid/donated and everyone could see where that money goes as soon as I move it. You could say "duuh move it a to mixer". Well we shouldn't depend on mixers, its a very primitive form of privacy and a centralized one to boot, and its just annoying that you can't directly buy or whatever, you always would need to lose time with the damn mixers first.
So how to solve this?
You can generate a new address for every payment or donation using an HD wallet. Every time the page is displayed, show a new bitcoin address. |
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Why would anyone keep bitcoins in a bank?
Regardless of your vision of bitcoin, people would (and do) keep bitcoins in a bank for security, convenience, and interest. |
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Hi, im very worried now with the bitcoin price falling so fast...
Is it too late or should i change it all to USD or other currencies ?
Please help urgently and any advise....
If you are very worried and don't know what to do, then my advice is to sell your bitcoins and take a loss. Then invest in something that doesn't cause you to worry so much. |
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I guess this advice is too late for the OP, but for any other newbie reading this thread: BACK UP YOUR WALLET |
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The fee is optional. If you want to pay more, go ahead and your transactions will get priority. If you don't want to pay a fee, go ahead and other transactions will get confirmed before yours. It is completely up to you. There is no need to enforce a minimum fee, higher or lower.
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Ownership and control are information. While manifestations of information can move and be copied or deleted, the information itself doesn't move. It only changes state.
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Okay guys, the transaction went perfectly smooth and I bought my bitcoins! Thanks for the help.
Butterzone and dothebeats have some active imaginations. |
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Please listen to me and do not create a brainwallet. You will end up getting robbed. I want to be sure to understand : I have calculated that my passphrase has an real entropy far beyond 160 (12*log2(15000)=166, not to mention my 12 extra personnal words for which entropy is obviously more difficult to evaluate), then, why concretely would my private key be less secure than a common private key held with a software like Electrum ? can anybody confirm : is a unused brainwallet with a passphrase of 160 bits of entropy, as secure as a common private key held with a software like Electrum for example ? A bitcoin address has 160 bits of entropy. If your key has more than 160 bits of entropy and it is stored only in your head, then you are maximally protected against everything but coercion and memory loss. |
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I have done many face-to-face Localbitcoin trades with many different people and I have had no trouble at all.
Meet in a public place, use the LBC trading system for transferring the bitcoins, and make sure the verification code matches. If the verification code matches, you have the bitcoins. If it doesn't or if the seller can't provide it, then something is wrong.
Trades through LBC don't go through the block chain. The bitcoins are transferred by the seller from the seller's account to the buyer's account. It is instant. The verification code confirms that the bitcoins were transferred.
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There is less and less Bitcoin being mined and more and more holders of the coin are moving the markets, day traders and long time hoarders so now it is less likely to have a massive uptrend for a while until we get more newbies involved.
What are you talking about - less bitcoin mined = price increase, not otherwise! Technically, not correct. Less bitcoin mined really means less downward pressure on the price. Depending on how you look at it, either the dilution of the money supply is less or the supply curve moves to the right more slowly. |
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Government grants. Hearn is also the son of a wealthy Google investor, so a lot of his ego-tripping is daddy issues. Gavin gets a salary is administrator and also getting paid via grants for research and such. It's A LOT OF MONEY.
So, you believe that a government and a Google shareholder are behind their push for a higher maximum block size? |
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I am pretty sure that I cannot remember 12 words randomly chosen (that is why I wrote them on paper),
Then this is not a "brainwallet". As long as your 12 words were truly randomly chosen, and you didn't add any personal bias into the decision, it should be at least as safe as the paper. I don't agree with this definition. to me a brain wallet is any wallet that can be accessed using a passphrase. iow, the private keys or an input to get the private keys is stored in ones brain. regardless of whether the passphrase was computer generated or human generated, they are both brain wallets. Then to you, every encrypted wallet is a brain wallet, including Bitcoin Core. It's called a "brain" wallet because the private key is stored in your brain. |
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"Far less" is an exaggeration. "Slightly less" is more accurate. You are confused by the terms. The "bitcoin address" is exposed in order to receive bitcoins. The "public key" is exposed in order to send bitcoins. The "private key" is never exposed.
When you consult a blockchain explorer, you are simply querying about some bitcoin addresses and not exposing anything that is not already public. When you have a blockchain.info account, you are trusting that their software does not reveal your private keys to them.
None of this is related to creating a brainwallet.
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Coinfox is one of those sites that takes an article and summarizes it. Here is the original:
Department of Justice
U.S. Attorney’s Office
Western District of Michigan
FOR IMMEDIATE RELEASE
Tuesday, August 11, 2015
Plainwell Man, Benjamin James Cance, Charged With Illegal Arms Exportation, Other Crimes
Benjamin James Cance Indicted For Shipping Gun Components Overseas, Money Laundering, and Illegal Possession of a Machinegun
GRAND RAPIDS, MICHIGAN — U.S. Attorney Patrick Miles announced today the indictment of Benjamin James Cance. Cance, age 30, is charged with three crimes. The first alleges that he illegally shipped gun components that are on the Federal Munitions List overseas. The second charge alleges that he engaged in money laundering by using the profits from this business to purchase a house. Finally, Cance is charged with illegal possession of an unregistered machinegun. International arms shipment is punishable by imprisonment for up to 20 years; the maximum penalty for money laundering and possession of a machinegun is ten years in prison.
In pretrial filings with the court, the government disclosed that Cance’s illegal dealings with his overseas customers were allegedly conducted through illegal internet sites, referred to as the "darknet." He also allegedly utilized electronic currencies, such as Bitcoin, to get paid for his services in an effort to hide the nature of his activities.
The case is assigned to U.S. District Judge Robert Holmes Bell for disposition. On August 11, 2015, Cance appeared before Magistrate Judge Phillip J. Green to answer the charges and entered a plea of not guilty. He was placed on bond at that time. No trial date has yet been set.
The case was assigned to Timothy VerHey, Assistant U.S. Attorney, for prosecution. Investigation of the case is being conducted by the Department of Homeland Security, Immigration and Customs Enforcement, the Internal Revenue Service, the U.S. Postal Inspection Service, and the Bureau of Alcohol, Tobacco, Firearms and Explosives.
The charges in an indictment are merely accusations, and a defendant is presumed innocent until and unless proven guilty in a court of law.
END
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http://bitcoinist.net/twitter-benefit-using-blockchain-technology/Impersonation of a person or major brand is a real threat to Internet users worldwide, as these kind of events take place far more often than most everyday consumers realize.Especially where social media is concerned, tweeting to the wrong Twitter person is cause for a lot of grief, miscommunication, and hassle. The time has come for properly identifiable handles, usernames, and aliases. Your article is disappointing. Your solution is: Rather than revamping social media altogether, companies such as Twitter could adopt blockchain technology and create additional features for users to connect to the right person directly.
What does "adopt blockchain technology" mean? Couldn't you have been more specific? BTW, I guess you have never heard of Namecoin. |
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...
Distribution is bad when minority owns more than 50% and has power to take it all from majority through dumping or disruption of network.
...
Nobody has the power to take your bitcoins from you no matter how many they own. Can't a crypto coin be developed in which there is a fair and equal distribution  No. There is no such thing as a fair and equal distribution. |
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... i would suggest to terminate the hard limit of possible supply and fix the 1% minimum inflation, why? ...
There have been hundreds, if not thousands of posts, just like this one and the answer has always been that you are looking for a solution to something to a non-problem. |
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I remember the contract stating that it could be cancelled if the maintenance fee exceeded the revenue, which is what happened.
I don't remember an obligation to buy new equipment.
Anyway, cex.io was a money-loser for investors from the beginning, and the shutdown simply realized all the future losses. I think that shutting down was a benefit to everyone. Before they turned off mining, people were paying far too much for GH/s -- much more than it would ever earn.
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SMTP (the email system used by just about everyone) wasn't, and still isn't, the only email system. There are alt-emails, but they have mostly faded away or they remain insignificant. I think it is reasonable to compare Bitcoin to email, even if it is just a brand.
TCP/IP (the network protocol that powers the internet) wasn't, and still isn't, the only network protocol. There are alt-protocols, but they have mostly faded away or they remain insignificant. I think it is reasonable to compare Bitcoin to the Internet, even if it is just a brand.
Bitcoin is the first (workable) cryptocurrency, and it is the biggest cryptocurrency by a very wide margin. However, I don't think anyone would disagree (including Andreas) that it is possible that another currency may replace it someday.
The fact that silver tarnishes has little to do with its value compared to gold. Scarcity is a bigger factor.
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