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Bitcoin / Bitcoin Discussion / Re: What if a person died with BTC!!
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on: March 16, 2018, 09:18:02 AM
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If you have a large amount invested than the only way for handing over the Bitcoins after your death would be through a will, by giving your private key in the will. Otherwise I cant think of any other way any one is even going to know that you had bitcoins. And even if they find it on your computer the wallet might be most likely locked with password which is almost impossible to break.
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84
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Bitcoin / Bitcoin Discussion / Re: Lightning is Live !
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on: March 15, 2018, 05:05:58 PM
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so the problem get solved? a few day ago i read the post about DAGchain and its advantages. but with this lightning network of bitcoin, the transaction that require more time which happening all this time is solved by instant. so congrats for everyone!! DAG coins still win as the transactions are on their main chain, while lightning is not on the main chain. Lightning requires you to lock away some bitcoins to transact through it which is a huge disadvantage. |
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85
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Bitcoin / Bitcoin Discussion / Re: Will it be better?
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on: March 15, 2018, 05:03:44 PM
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Its not the FB and Google who banned crypto ads but the FBI who forced their hand in getting the social media sites to ban crypto ads. Its much better now cause new users wont be led to hacking and phising sites through search results or ads.
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94
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Alternate cryptocurrencies / Altcoin Discussion / Re: XRP
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on: March 13, 2018, 06:16:11 PM
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Do you even realize what the market cap of XRP will be at that price? XRP doesn't have a few million dollar market cap that it can do a x100 now. Shit even x10 is going to be tough for it now.
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100
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Bitcoin / Bitcoin Discussion / Re: To Magical Tux
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on: June 21, 2011, 03:12:00 PM
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I'm just saying... The unlikely "benefit" of whoever getting caught isn't worth the definite minus of inviting the Feds behind the curtains. I'm not mad at MtGox for getting hacked. They're a huge target and in some ways a hack was inevitable. They've handled the hack as well as possible with the shutdown, audit and rollback. However, I have a BIG PROBLEM with MtGox contacting the CIA or FBI or whoever. It's bad enough that I have to worry about whoever getting my information from the leaked database. Now I have to worry about the Feds looking through my account and coming for my bitcoins? Hell no... This isn't the first time that MtGx has considered running to the Feds: http://www.forexyard.com/en/news/Bitcoin-exchanges-offer-anti-money-laundering-aid-2011-06-15T220113ZIf you think that the Feds are friends of BTC or that their involvement is going to help the BTC community in any way, then you're sorely mistaken. MagicalTux, don't be a stupid snitch. Improve your security and learn your lesson, otherwise I'll be joining the tradehill exodus.... I think MagicalTux position is that the best place to be relative your enemy, is very close to him, so you can watch his movements, and cloud your intentions. I think you do not understand that the Feds will get involved no matter what after the Senators vs. Silk Road issue. Now is a matter of doing it in a sort of controlled manner. It is best to show up to Feds as friend, than to show up as a libertarian (thus anti-rep and anti-dem, the current government) enemy of sorts. We do not want to become Waco I agree 100% with that!! I think it's awesome that MtGox contacted authorities, especially for PR reasons (to CIA or FBI I don't think it really matters). It's a very good way to improve bitcoin's image and I don't see how it could hurt. And about the hacking... we gotta remember that the same thing also happened with paypal (which was even worse since many CC numbers were stolen). These unfortunate events will only make bitcoin stronger! |
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