The Pet Rock was a throwaway idea, for the thought. What we really need is a Digital Good, capable of being sold or transferred. It can be paired with bitcoin, and then all transactions are for that product, not the bitcoins. Could be a e-card or something like that. As long as Bitcoin itself is not the item being sold for dollars, then it can be used as a part of the transaction.
An e-card would be difficult to justify for such a large transaction though. Maybe if someone developed a simple piece of software around bitcoin, made it open source, allowed people to alter and update it, or it could be a simple program, with updates. It could potentially justify the sales transactions. In essence the software would be free, but people could charge any amount they want for it, and that is the product being traded between people, not the currency of bitcoin.
I have a feeling there are a lot of very artistic individuals in the bitcoin community. Perhaps these Picassos could create some artwork in Microsoft Paint. The more fiat that someone is willing to pay for one of these digital masterpieces, then the more free bitcoins they could receive as a bonus.  |
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The changes haven't been merged into BitAddress.org, ... and I don't know that anyone has vetted the entire source with that change from the Zeilapp GitHub repo. So that's why I wrote "probably isn't ready for prime time". But if you want to try it out, save the .html from Zielap's repo to a local directory and open it in your browser. But you might not want to trust it with too much mBTCs without ensuring it can be trusted. - https://github.com/Zeilap/bitaddress.orgAhhh, I see. I overlooked that last part of your previous post. I guess it will take a little while for the wallet services to implement support for the encrypted private keys as well, but I'll keep checking the bitaddress.org site every once in a while to see if the new encryped private key feature has been added and look forward to testing it out. Thanks again for the info. |
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Encrypt the Bitcoin address (public key)? Why?
Not necessary, but for additional privacy. If the BTC address is also encrypted then that would prevent an unauthorized individual from being able to see how many BTC I have in that address or viewing the transaction history for that address. Thanks for providing the link. The encrypted wallet described in that thread is exactly what I'm looking for. However, when I go to bitaddress.org the text field to enter a passphrase does not appear and I don't seem to have the option to create a paper wallet with a blue background and an encrypted private key. Is it just not up and running yet or am I missing something? |
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Does anyone know if there is a site/service/software app that allows you to print out a paper wallet that encrypts the private key with an option to also encrypt the public key? Essentially, I would like to be able to store BTC offline in a paper wallet, that requires knowing a password or PIN in addition to possessing the paper wallet in order to access the BTC, just in case the wallet is discovered and then copied or stolen.
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Guys... 11,000 BTC? I realize this is a great, low-risk, business model... but are we really that certain about the security of the server? Apologies in advance if the answer to this is obvious and I missed it.
I believe dooglus stated somewhere that most of the coins are stored in an offline wallet. |
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Yesterday I invested 3.35 BTC. Right now I have 3.32925858 BTC and declining really fast. Be careful. Never again.
!!My ID is 2336
You entered 3.29 as the second number, but 3.32925858 rounded to the nearest hundredth is 3.33. |
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On the stats page, does the amount invested include the amount that the site is up? Or, should these two numbers be added to determine the house's total bankroll? Does the amount the site is up get debited when investors make a withdrawal or is it a running total that tracks the profits even after they've been withdrawn?
The invested amount is the same as the bankroll. If you are the sole investor, invest 100 BTC, then someone bets and loses 1 BTC, your investment is worth 101 BTC, and the site is up 1 BTC. When you then withdraw your 101 BTC, the amount invested is 0, and the site is still up 1 BTC. So "yes, no, and the latter". Okay, that's what I thought. Just wanted to be sure. |
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There's not much relation. The site's bankroll is the site's bankroll. How much it's up reflects a historical counter which may or may not reflect the investments of people currently backing it.
Are you saying that the site's bankroll and the amount invested are two different things? I was under the impression that they are one and the same. |
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On the stats page, does the amount invested include the amount that the site is up? Or, should these two numbers be added to determine the house's total bankroll? Does the amount the site is up get debited when investors make a withdrawal or is it a running total that tracks the profits even after they've been withdrawn?
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Anyone want to speculate on what's going on with AM's hash rate? It's gone limp again and won't stay up. Time for some Viagra! http://runeks.dk/bitcoin/ |
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No. Bankers and politicians will never be able to resist the urge to manipulate their currencies. There has to be a separation of money and state and a free market where everyone is free to choose the currency (currencies) that best serves (serve) their individual needs.
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You always have a responsibility to vote! Even here in Canada prominent community leaders take your attitude and it is sad.
Not voting is called voter apathy and says I'm happy with the status quo. You have a responsibility to spoil your vote.
In apartheid South Africa where the election districts were rigged whites were told by the passive liberal educators to spoil there vote as a form of protest. It wasn't untilled the apartheid government had overwhelming spoil voters did they hold a referendum, to compromise on principles and negotiate with terrorists.
Sounds like you've bought in to the propaganda of the politicians. When you participate in the democratic process you are only helping to legitimize it. As far as I'm concerned, only when a libertarian-leaning candidate has a chance of winning is it worth my while to vote. Otherwise, I agree with Doug Casey--it is my duty to not vote. ( http://www.caseyresearch.com/articles/doug-caseys-top-five-reasons-not-vote) Agorism is a much more productive way to bring about change. From the Wikipedia article on Agorism: Agorists generally oppose voting for political candidates and political reform. Instead, agorists stress the importance of alternative strategies rather than politics to achieve a free society. Agorists claim that we can achieve a free society more easily and sooner by employing such alternative methods such as education, direct action, alternative currencies, entrepreneurship, self sufficiency, and most importantly "counter-economics".
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Agreed, but although one of them got my vote last election (I'll let you guess which one) they didn't have a shot in hell of winning. 90% of people probably went to the polls as said "who the fuck are these guys?". Unfortunately, in America if you aren't Democrat or Republican you are a fringe nut job and the media will paint you as such at every opportunity.
I agree that these guys don't have a shot in hell. That's why I've abstained from the last few elections. The OP is claiming that "we" have done nothing to deserve what's headed "our" way. While you and I can have a clear conscience when the SHTF, those who vote for large, unsustainable government--and the large, unsustainable debt that comes along with it--will not be able to claim that they had nothing to do with it. In fact, they will be completely responsible for it. |
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Like who? Mitt Romney, John McCain, or maybe you mean Al Gore? Or was George Bush the right answer in that one and the US managed to get one right?
Ron Paul, Gary Johnson, Michael Badnarik, Harry Browne.... |
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It does not matter who you elect, always will end up like this, maybe some entropy related phenomenon
There have been viable options in the USA for quite some time now. The voters just keep ignoring these options and instead insist on electing politicians that want to create a collectivist/socialist/nanny state that provides for their every need, funded with colossal debt and currency debasement. |
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What did we all do to deserve this? Nothing.
Actually, it's those who keep voting for the idiots that have been elected to political office who are ultimately responsible for what lies ahead. |
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I'll buy all 10. Hello all. Tired of auctions?. This is a fixed price with no time limit selling of direct shares. Only ten are available. Details:Fixed Price: 3.1BTC/shareEscrow: John K, TAT (fees paid and arrangement by the buyer)You would get you the week's dividends of course if paid before a Wednesday but yet to be processed by Friedcat. Proof of ownership Address: 1LophieEaKWKtqGWoTDp5TDhB7rGjneHep[/b]
Dividents Transaction ID (The signed message): 58e1928c642c282d6831a6562cffcd6fbdfc30737eaf1f2f83385394014d3690
Signature: HBmkoStom+nMzC+nf6yzPrM7Y9LTOhcGBZ0OjIL9f8dY1DynTKATg/J+bPXan3FlNs1A9hL0eYcyoDcYg57KZ08= Auction ends at: Never! until I sell them shares. Payment: You can pay to the address above. |
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Earlier today, I received the ten bronze coins that I ordered on Sunday night. They look great and I'm very pleased with the quality. I wouldn't mind being able to remove the protective covering that's on each coin, but I don't know if there is an easy way to do that. I'm sure they will turn out to be an excellent conversation starter that sparks interest and leads to questions from others that have never heard of Bitcoin.
Thanks, grbox2001 for the fast shipment and for quickly responding to my questions.
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So let me get this straight. I can deposit 1 BTC into the site and after 30 days I will get it back with 25.5% APR?
According to the rates currently posted at https://www.coinlenders.com/interestYearly APR: 25.009%
Monthly: 1.852%
Weekly: 0.429%
Daily: 0.061%
(They are all the same interest rate)
This means if you deposit 1 BTC at CoinLenders, a day later you will be able to withdraw 1.00061 BTC, a week later you will be able to withdraw 1.00429 BTC, a month later you will be able to withdraw 1.01852 BTC, and a year later you will be able to withdraw 1.25009 BTC. That's right, TradeFortress pays you to let him hold on to your bitcoins and lend them to others. This is actually the way banks used to work. Now of course, you have to pay the banks to let them hold your money with all of the service fees that they charge. (As far as I know, the only fee you pay with CoinLenders is the standard bitcoin transaction fee when you make a withdrawal.) Interest is credited to your account at the same time every day (5pm on the west coast of the US) so it is best to make a withdrawal after that time to maximize the interest that you are paid. |
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