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Just remember:
You could easily be hit by a truck today: No time to tell anybody about your secret stash of Bitcoin stamped on a piece of metal buried in your garden. No time to tell anybody the password to your bip38-encrypted paper wallet.
Where it is nice, that your Bitcoin are safe from the government and banks, it would be really sad, should you suddenly die and the Bitcoin are just lost, instead of supporting your own children.
So, I am less interested in theoretical ways to solve that problem, but more if somebody here actually did something to solve it.
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Thanks for the correction, but you should have been correcting me on failing to mention that I used the troy ounce, which is standard for gold weight, which is about 10% bigger than a standard imperial ounce.
Why can't we just use the metric system all along? I mean seriously? When someone says "ounce", you can't even be sure, about which ounce he is talking about? |
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It is also mentioned in the series "Silicon Valley"
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Excuse me, I´m new to bitcoin. I have tried to read many explanations for beginners for the last days, but there are some basic things that I still can´t understand, although I consider them essential to know before I buy my first BTC.
I read all the time about storing BTC in wallets (software, hardware and paper wallets) and I can´t understand what is meant by that. First of all, how can a virtual "thing" be stored? I can see how physical coins, gold, etc. could be stored in a box or safe, but how can a virtual coin be stored in a software, hardware, and even... a piece of paper? I still can´t grasp the logic of it. For example, if it´s just a computer file, then why can´t it be copy-pasted and turned into many files?
The reason for my question is specifically that I´ve read about many cases of stolen bitcoins, and I want to understand what makes it possible or impossible for a bitcoin to be stolen? How Can I buy a BTC and transfer it directly to a piece of paper (supposing I understand how that´s done) with zero chance of it being stolen?
Thank you very much for the help.
Sorry, the Bitcoin system isn't a good place for morons to store their wealth quite yet. Wait about 5 more years and it will be far better for use by idiots. Presently, it requires some understanding of concepts which are somewhat abstract and complex. Probably the first thing you should know is there aren't any bitcoins and as such you can't store them anywhere. They are merely an abstraction. What is really funny is, there aren't really any bitcoin even in the abstraction! There is merely a long list (ledger) of entries which basically say: "Fred mined 2 bitcoins and sold them to Sally who gave 2 bitcoins to Jim, then jim gave 1 to mike, .5 to sam and .5 to himself". The ledger doesn't really note anything like the serial number of some 'bitcoin' - rather it just marks in an indelible manner the ownership as they (bitcoins) moved from one owner to another. So you can't just 'copy' a bitcoin with cut and paste. Get it? I don't know, what is wrong with people like you. Yes, even an idiot can use Bitcoin. You can teach everybody to make a paper wallet or use something like Trezor to store your private key safely. Not everybody who uses Bitcoin is a computer scientist. |
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Short version:
Bitcoin are not stored on your PC only, they are stored in the blockchain, a file everybody has, who uses a Bitcoin-client, but you are the only one, who has the private key, which is basically a (super long, super safe) password, that is impossible to hack, even with all the super computers in the world. You need your password to access your Bitcoins. So, you can copy your private key, but not the Bitcoin. When your private key gets stolen, the thief can move your Bitcoin.
The long version involves learning about cryptography. You can look up, why cryptography is safe, to understand why your Bitcoin are safe.
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Guess its time to buy an xbox...
Microsoft won't sell you an XBox, or any other Microsoft product, for Bitcoins. All they'll take Bitcoins for are the junk items you used to have to use "Microsoft Point" for. In-game items, cheap apps, that kind of thing. Stuff that doesn't cost Microsoft anything. The will give you XBox-stuff for your Bitcoin. That is not bad. And yes it costs them something. |
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Meiner Meinung nach ist das Ganze extrem unseriös... Hier mal ein Auszug aus den WHOIS-Daten: Registry Registrant ID:
Registrant Name: Wuxi Yilian LLC
Registrant Organization: Wuxi Yilian LLC
Registrant Street: No.1001 Anling Road
Registrant City: Xiamen
Registrant State/Province: Fujian
Registrant Postal Code: 361008
Registrant Country: cn
Registrant Phone: +86.5922577888
Registrant Phone Ext:
Registrant Fax: +86.5922179606 Dazu kommt, dass es weder SSL noch sonst eine Verschlüsselung für die Sicherheit eurer Nutzer und deren Daten gibt. Ich finde es fast schon dreist so etwas hier "anzubieten" lt. badbitcoin.org ist Wuxi Yilian LLC ein bekannter Scammer. Die Seite ist bereits bei denen eingetragen und ich hab ihr ein schlechtes WOT-Rating gegeben. |
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Wow...nice work there putting everything into so detail. I wonder how much did the winner actually paid for the bitcoin. I mean how low was that compared if they were to acquire from open market. I expect at least 10% lower
I don't think so. You just can get at that much Bitcoin on the open market, without raising the price. |
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Look at the amount of people that voted for Obama.
Look at who they chose in the primary for the past 10-20 Republican/Democrat primaries.
A lot of ignorant people in the US.
Not limited to the US either, unfortunately. Ignorance is quite widespread. I am from Austria  Regarding politics, I don't get the Obama Bashing, his (Republican) opponents wouldn't have been a better choice. Most democracies are just broken, because there are no good choices in most elections. But I don't really want to get into a political discussion(again) here. |
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Today happened a funny story at work: Yesterday I tried out http://www.watchmybit.com/. What really amazed me about it(I haven't used Bitcoins very much to purchase things) is the speed about the transaction. I hit the send button on my phone and the video started nearly instantly(which means the transaction was registered). Today I told a colleague at work about it. He is in his 50's but a programmer for many years. I gave him a brief description, and his response was just: "Yeah, that's interesting, if you are interested in Bitcoins" (so, basically he is not interested). The funny thing happened shortly afterwards: We were drinking coffee with a client and he(the colleague) started rambling, about Nordic countries where you can't pay with cash any more in certain shops, and how that will lead to us, not having any use for cash any more, so we have to put the money into a bank account, so we can use it and when that happens, we will pay negative interest rates for it(since there is a bank in Germany which already has negative interest rates for High amounts of money in the bank account). I think his whole conspiracy theory is too far fetched, but he obviously sees something emerging, that can be easily solved by using Bitcoin, still he refuses to take any interest in Bitcoin. He knows enough about Bitcoin, since I explained it to him, he even said him self, that they are obviously challenging Banks. So, he is not just uneducated about the subject. He also told me, that he is storing some cash, in case there is a problem with Banks. I understand that a lot of people(non-techies) just don't get it, since it all seems so complicated. But a techie person understanding the concept, seeing problems with banks and still he doesn't care about something like Bitcoin. I can find a better word, than just describing that, as a huge pile of ignorance. I am wondering if he is a special case or if he is part of a majority |
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Happy Satoshi Nakamoto Day!
Satoshi has done his job of proving the concept, but he isnt here anymore to save our investment. I remember someone said that he feels bad for the $1200 BTC buyers and when he finds his private keys he will give some btc to them.
Where do you get this bullshit? Satoshi will not give any btc to people who lost money by speculating. Those are exactly the kind of people, we want to get rid of. Happy Satoshi Day. |
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Firstly may be it is not right Bill Gates may be - there are a lot of identical names and surnames  And may be if this is exactly Bill Gates Twitter account - someone from his public relations emplyees take care of that. There are verified accounts on Twitter ... |
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Why price jump? Bitcoin needs more users not more merchants who'll liquidate within 10 seconds for $Fiat.
It's the hen/egg problem all over again. More merchants being associated with bitcoin, mean more people are hearing about bitcoin, might look into it and might buy some. Microsoft using Bitcoin also helps the image of Bitcoin. It's hard to say it is money for buying drugs and other illegal things, when Microsoft is using it. Sure, the best thing for Bitcoin would be a product, that everybody wants and you can just buy with bitcoin. Next best thing, is that people get a discount for using bitcoin, they wouldn't get otherwise. But I think, the pure size and world wide(!) degree of popularity of Microsoft(I am from Austria and would have never heard about Overstock without Bitcoin), makes up for that. Btw. the hen/egg-question is actually easy to answer: The egg was there first. agreed on the egg being first:) but i think btc is just as clear cut - the merchants need to get in wholesale before the masses will care even a little about btc. why would most people bother using btc until they can use it in most places (like visa 15 years ago, most ppl didnt use it bcs not many places accepted it). the merchants need to also accept that itll take years of more and more merchs adopting it before they see significant randomers using it. were now in the slow growth stage it seems. hold on to your zimmer frames. a unique product that can only be bought with btc is interesting. maybe we can get a band like radiohead to release an album early for btc only... or something like that... i smell a petition coming on There is already a website that can be used to release videos early for Bitcoins: http://www.watchmybit.com/It is just in Beta, but there is already a (professional) web-series, you can just watch there. |
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Ich hab kurz auf die Seite geschaut und es gibt offensichtlich kein HTTPS. Eine Website auf der ich mich einlogge ohne HTTPS ist für mich vollkommen inakzeptabel. HTTPS ist nun wirklich schon lange genug Standard. Wenn ich die angegebene Adresse in Google eingebe(ich hab keine Ahnung wie UK-Adressen funktionieren) komme ich zu dieser Seite: http://www.mira.co.uk/Was habt ihr genau mit dieser Logistik Firma zu tun? Ihr gebt an eine Ltd. zu sein, seit aber nicht registriert: http://wck2.companieshouse.gov.uk//wcframe?name=accessCompanyInfoIch kann jedem nur empfehlen, sich von dieser Firma fern zu halten. |
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First came AltaVista, then came Google! First came Bitcoin, then came Goldcoin! The ride is just now beginning good people.
First came Bitcoin then came a million shitty scamcoins no one cares about. Get out of here with your Goldcoin hype. Are you guys talking about this? http://coinmarketcap.com/currencies/goldcoin/#chartsLooking at the All time price development, it doesn't look that successful ... Edit: So, I watched the video and took a peek at the website: What a joke. So, it is a LiteCoin-clone. It doesn't explain, how it is better than LiteCoin. The Video tells me, it is protected against 51%-attack, but it says it is too complicated to explain how. I understand, that it might not be in the video, but if there would really be such a thing, it should be at least explained at the website and it is not. |
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Why price jump? Bitcoin needs more users not more merchants who'll liquidate within 10 seconds for $Fiat.
It's the hen/egg problem all over again. More merchants being associated with bitcoin, mean more people are hearing about bitcoin, might look into it and might buy some. Microsoft using Bitcoin also helps the image of Bitcoin. It's hard to say it is money for buying drugs and other illegal things, when Microsoft is using it. Sure, the best thing for Bitcoin would be a product, that everybody wants and you can just buy with bitcoin. Next best thing, is that people get a discount for using bitcoin, they wouldn't get otherwise. But I think, the pure size and world wide(!) degree of popularity of Microsoft(I am from Austria and would have never heard about Overstock without Bitcoin), makes up for that. Btw. the hen/egg-question is actually easy to answer: The egg was there first. |
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Microsoft recently add one more way to accept USD from bitpay company, however many fake news about "it is accepting bitcoin" came out and some of us buy this troll,
The bitcoin price is going to crash even harder after this "delay" caused by fake news same as PayPal made their announcement, you know what happened about the price crash
Microsoft does not accept bitcoin
Microsoft does not hold any bitcoins you pay to bitpay company
Crash incoming!
The next "crash" is overdue. I am waiting for it for 2 weeks now. I want to buy some cheap Bitcoins. But seriously, keeping or instantly selling Bitcoin is not as relevant, as you might think. Bitcoin users have now another method to spend Bitcoin, that is good news. It is really as simple as that. |
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Does somebody have a timeline about when big companies started accepting Bitcoins?
I would be interested in that.
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