Bitcoin Forum
April 20, 2014, 01:26:52 PM *
News: Due to the OpenSSL heartbleed bug, changing your forum password is recommended.
  Home Help Search Donate Login Register  
  Show Posts
Pages: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 [42] 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 ... 193
821  Bitcoin / Bitcoin Discussion / Re: Can anyone post an exhaustive list of bad things Bitcoin is doing to this world? on: November 08, 2013, 04:25:17 PM
Grossly disproportionate rewards to a small community of self selecting early adopters.
I remember hearing this argument when bitcoin hit $1.
822  Bitcoin / Meetups / Re: announcement: the international "when-bitcoin-reaches 1000,- $ party" on: November 08, 2013, 02:54:37 PM
Crap, I didn't think I would need to start pricing tickets yet. At this rate the party is going to happen faster than it can be organized.  Cheesy
823  Other / Beginners & Help / Re: How do I answer: why spend an appreciating asset? on: November 07, 2013, 08:16:20 PM
I just look at what I paid for the bitcoin vs. what the value is when I spend. As long as I get a discount on the price I'm fine spending an appreciating asset.
824  Bitcoin / Press / Re: [ANN] Coinkite:Huge deal for Bitcoin adoption,our POS manufacturer will accept ฿ on: November 07, 2013, 08:13:12 PM
I've been following your work. Very cool to see a POS device!
825  Other / Beginners & Help / Re: Why should I buy bitcoin? on: November 07, 2013, 07:01:24 PM
i asked myself the same question when I first bought a bunch. $0.74.
826  Other / Beginners & Help / Re: What is the best strategy for someone who has $1,000/5,000 to invest? on: November 07, 2013, 04:27:12 PM
I would advise these steps, assuming you are in the U.S..
First set up a trade account at an exchange. Let's say

Now you will need to fund your account. Send a USPS money order to them and wait for it to be credited to your account (maybe a week, maybe less).

In the mean time I would download the bitcoin-qt client from and start the long process of synchronizing with the network. Downloading the block chain may take days and is not very interesting.

Now that you have dollars in your exchange account you can begin buying bitcoins. You can pay current price or set a lower price you will pay and hope someone comes down to meet it. When your buy price and the ask price come together a buy will be executed and you now have bitcoin. Yay.

The next step is to withdraw the coins to your bitcoin-qt client. The exchange will need a receiving address to send the coins. Your qt client will generate receiving addresses when you request one. You withdraw your funds to that address and you will soon see them on your copy of qt.

The last and MOST important step is making multiple copies of your wallet.dat file.  If you were to loose that file or it became corrupted, you are screwed. Your coins are gone forever.

Keep your wallet copies secure! Put one in a safe deposit box, mail one to your Uncle in Boston, whatever. Almost all problems are fixable if you have that file.
827  Bitcoin / Mining / Re: Took one hour for the last block? on: November 07, 2013, 03:40:41 PM
It happens. 10mins. is just an average.
828  Bitcoin / Press / Re: 2013-11-06 Yahoo Finance / Business Insider: Bitcoin is a Joke on: November 07, 2013, 03:39:49 PM
Bitcoin is a joke... and the joke is on the author.  Grin
829  Bitcoin / Bitcoin Discussion / Re: Is Silk Road 2.0 bad news for Bitcoin? on: November 07, 2013, 03:06:19 PM
So how many of you have written your representative about bitcoin? I would suggest that your efforts writing them will yield more fruit than posting here. The regulations that evolve around bitcoin will reflect your inaction, not the tyranny of government.
830  Other / Beginners & Help / Re: Silk Road is back online on: November 06, 2013, 09:26:33 PM

The way to know if it the same person/group is to have the new person cryptographically sign something using a private key belonging to the old person. Did they sign their public statement? Have they issued a public key in the past? We have the tools, do we use them?
That's a good one Peter. But of course the operator could be in custody and helping with the investigation. Once caged, the canaries tend to sing.
But whatever, I don't use SR. I prefer to try legalizing drugs locally. It seems to be working in the U.S.
831  Bitcoin / Development & Technical Discussion / Re: Majority is not Enough: Bitcoin Mining is Vulnerable on: November 06, 2013, 09:18:02 PM
The "exploit" he "discovered" has been discussed in 2010 on these very forums.
Indeed, apparently Satoshi also considered it. And, if I'm not mistaken, it is a modified "Sybil" attack. Which is also known.
832  Other / Beginners & Help / Re: Silk Road is back online on: November 06, 2013, 08:59:23 PM
Why should I believe this is the same site and not an FBI sting?
833  Bitcoin / Development & Technical Discussion / Re: "Bitcoin is Broken" - Day Four - Where We Stand on: November 06, 2013, 08:55:11 PM
Rather than quietly and tastefully wait for some feedback on their ideas, the professor immediately Tweets "You heard it here first: now is a good time to sell your Bitcoins."  He then proceeds to blog "Bitcoin is Broken."  News outlets, seeing no reason to believe two guys with PhDs employed by prestigious Cornell University are spraying FUD with a large diameter hose, run with the story that a fatal flaw has been discovered in Bitcoin, and its collapse is iminent.
Based on his behaviour over the last few days, I give him an 8/10 for douchebag.

He's eligible for a perfect score if it turns out he posts on this forum as "revans" and if he's in any way related to the DDoS attempts on the exchanges and charting sites yesterday.
I hope he sold all his coins before publishing in an attempt to buy back during some kind of crash. I don't doubt the credentials of the guys who discovered this exploit, but the way they released the information in sensational terms is suspect.
834  Bitcoin / Technical Support / Re: My Bitcoins disappeared. on: November 06, 2013, 08:31:09 PM
You need the private keys for that address - i.e. a copy of the original wallet file you created back in 2011.

Thanks. Guess I don't have that. Oh well, it's not like I paid for the coins really so nothing gained nothing lost Smiley.
It might be worth checking any old discs or hard drives from that time period. One day your 1 BTC could be quite a treasure.
835  Other / Beginners & Help / Re: Bitcoin Fog ? on: November 06, 2013, 08:26:29 PM
So, should you trust an anonymous partner to help launder money? I would say no. If that person just walked off with your coins what could you do? 
836  Bitcoin / Bitcoin Discussion / Re: Bitcoin really is in trouble. on: November 06, 2013, 06:39:24 PM

I thought that BTC cannot be seized or taken away by officials or police. ...

That is incorrect. It may be hard for them to do, but they can be seized if they are involved in a crime. Or a corrupt government somewhere could take them for whatever reason they want.
837  Other / Alternate cryptocurrencies / Re: Asking to Record your palm print to withdraw Bitcoin - Vote on: November 06, 2013, 06:31:44 PM
A bitcoin ATM that anonymously dispenses BTC is not going to happen in most (any?) country.

that's a huge call.

I'd bet against that .

i'd bet a Hobo's hand. (well just the lend of it... ) (what you do with it is up to you of course.)

That's a bit unethical really.  Cheesy

A Bitcoin ATM that pseudo anonymously dispenses BTC has already happened in every country!

It's called anyone with a portable Bitcoin wallet or app. that wants to sell you some Bitcoins for fiat or vice versa.

Bitcoins, Alt. coins, Pizzas and Haircuts.  (Yes - Haircuts, see my above post)

- Be Your Own Bank. Local Bitcoin FTW.
Maybe bitcoin ATM's will become ubiquitous, I don't know? But anyone who buys one does this in the U.S. without a money transmitter licenses is outside of the law.  That's my understanding from looking into it a few months ago.
And I don't think in person sales are a loophole. While it is not likely one would get caught, you may actually need a licenses to do that also. It's just all so new.  
838  Other / Off-topic / Re: Best multiplayer game. on: November 06, 2013, 03:41:37 PM
Frankly I don't think t will ever be the most popular game. But it is not going away in military circles. I used to be a beta trainer for the U.S. Army, we used a sim based on the unreal engine. But the Arma engine is now the gold standard, used by armies around the world for training troops. I work with a version called VBS2. It costs about $2000 a copy, so not for everyone. But the best of the best for serious games.

Thats a lot for a game  Shocked

How many players play it online

The VBS version is not really a game. It allows for full mission rehearsal in real time. Like in real life you spend a lot of time thinking through logistics transportation. There is no running and gunning. You survive by careful planning and communication.
The players are almost always professional soldiers and almost never open to the public. 
839  Other / Alternate cryptocurrencies / Re: Asking to Record your palm print to withdraw Bitcoin - Vote on: November 06, 2013, 03:33:28 PM
The bottom line is that the Canadian government requires that the seller knows the identity of those doing the currency exchange. Remember this machine not only uses bitcoin, but Canadian fiat.  Fiat currency is not owned by you, rather you are granted the right to use it within whatever laws the issuing authority feel like making. This is robocoin's idea to address those laws. A bitcoin ATM that anonymously dispenses BTC is not going to happen in most (any?) country.
840  Other / Beginners & Help / Re: My Bitcoins stolen... on: November 06, 2013, 03:15:58 PM
sorry to hear this man. First thing to know is that you did nothing "wrong". It was the thief who did a wrong.
From what you said, I would be most suspicious of remote desktop.  But as the value of btc goes up, so does the sophistication of thieves. Security will be an ongoing problem in bitcoin. I think keeping all but a small amount of coins in cold storage is the best option now.
Pages: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 [42] 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 ... 193
Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!