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241  Bitcoin / Bitcoin Technical Support / What is the safest way to convert a base6 number into a WIF private key? on: August 27, 2015, 11:36:49 AM
So I'm planning to throw 99 times with a dice and punch the number into a metal strip or engrave it into marble to produce some bullet proof single address wallet.

Before I go such lengths I want to make sure this approach works. So I want to test each step and even fill this address with a few satoshis and spend them as well before I fill it with more serious amounts.

Throwing a dice is easy, but converting it into a WIF private key isn't.
The only way I found is through www.bitaddress.org, but I am not able to review the source and I don't want to rely at one source only.

Is there anyone who can give me some other suggestions?
242  Economy / Speculation / Re: Analysis never ends on: August 27, 2015, 11:14:10 AM
I disagree, just look at gold.
Usage became lower and lower each year last few hundred years.
Price on the other hand...

It's nice to have a more superior form of gold which is actually much easier to spend than physical gold.
Gold became useless as a currency because it had to be broken down into dust to buy a bread.
Bitcoin solves this problem.
Spending 1 bitcoin is as easy as spending 0.00001

You somehow assume that you can compare gold and bitcoins. This is a big logical fallacy.

Why can't you compare gold and bitcoin?
I think it's not so difficult to find some points which are comparable.

It's much harder to compare the moon with a flower.

Can you explain me the fallacy which I seem to be missing?
243  Economy / Speculation / Re: Analysis never ends on: August 27, 2015, 10:53:00 AM
Don't forget people that Bitcoin is backed by Greed

I disagree. Bitcoin is backed by the people using it.
But w/o greed or speculation, the usury dries up imo quite a bit which can lead to folks going awol around here. I hope we can at least agree on that to some extent. I think that the greed factor is healthy and keeps newcomers interested for using it more, in many of its uses. W/o discounts for regulars to use bitcoin at their shopping destination, spec and the like is what drives the demand and the like at this point.
...

Something needs to give so that actual use increases greatly, its the only way the price will increase.

I disagree, just look at gold.
Usage became lower and lower each year last few hundred years.
Price on the other hand...

It's nice to have a more superior form of gold which is actually much easier to spend than physical gold.
Gold became useless as a currency because it had to be broken down into dust to buy a bread.
Bitcoin solves this problem.
Spending 1 bitcoin is as easy as spending 0.00001
244  Bitcoin / Armory / Re: Failed to verify deb package signature on linux mint on: August 27, 2015, 06:47:53 AM
There were some issues with the release scripts that have been fixed. It needs to be discussed internally but I don't see why these changes can't be added to the next release.

Ok, I have to wait until next version then.
I really want to make my installation bullet proof. Checking the signature is one of the steps involved.

Thanks for the answer.
245  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 26, 2015, 07:33:56 PM
I don't understand all of this talk about two chains etc. There is no way that is going to happen. The miners won't mine on a shorter chain, they will follow the longest chain period. The whole system is controlled by miners regardless of what devs and investors think of themselves. The only power and the only votes that count are those of the miners.

Miners do not determine price or usage, the market does.
The market is everyone.

I'm sure there will be miners who mine on the shorter chain. And you know what? I'll spend on their chain, because I can. And to annoy everyone else.
I hope we can fuck this whole bitcoin system to the max.

Only if it survives all it is worth something.
For everything else there is paypal and friends.
246  Bitcoin / Armory / Failed to verify deb package signature on linux mint on: August 26, 2015, 07:26:18 PM
So I followed the tutorial at https://bitcoinarmory.com/download/

I downloaded armory 0.93.2  for ubuntu 32 bit and did what was written.
Everything goes ok, except the last thing

When I do:
Code:
dpkg-sig --verify *.deb

I get:
Code:
Processing armory_0.93.2_ubuntu-32bit.deb...

But no result.

What is going on?
I had no errors while doing
Code:
 sudo apt-get install dpkg-sig
247  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 26, 2015, 04:37:53 PM
It's like saying the first altcoin was an attempt to break Bitcoin. If Bitcoin cannot survive these kind of things it doesn't deserve all the hope we put in it.


Ironically, Litecoin was introduced late 2011 when the price crashed (long before my bitcoin birthday btw.).
It almost synchronizes with the current fork debate relative to price and halving.

You all know what happened afterwards.
It's where I've put almost all my fantasy paper.

moon.
248  Economy / Economics / Re: Global stock market selloff has started on: August 25, 2015, 09:28:57 PM
Help? Because of twisted human psychology and status of bitcoin which is now treated as investment asset we are all affected by that markets decline.
People need to understand that bitcoin can be independent from FIAT markets and while stock are collapsing bitcoin can stay strong. So far they're failing to realize that.

We should price shit in bitcoin to make that happen.
Everywhere I look I see so called experts talking about $14563 worth of bitcoin instead of using bitcoin as denominator.
I really hate to read an article about bitcoin investment or theft denominating everything in FIAT and don't mention the BTC amount at all

START PRICE SHIT IN BTC for god sake.

Let those getting rich quick imbeciles who don't understand BTC go to http://www.preev.com and convert the amount to their beloved fiat counter value.

/rant

249  Economy / Speculation / Re: Analysis never ends on: August 25, 2015, 09:10:51 PM
I recognize Bitcoin as living creature, as superposition of all its intelligent participants.

Nice quote, I fully agree.
Might even put it in my signature.
250  Bitcoin / Armory / Re: Guide to offline armory install on: August 25, 2015, 07:52:46 PM

A.  Install Linux

1.  Get the following:
a)  Something to install linux from:  either a CD-R or a USB flash drive (at least 2 GB)
b)  Something to install linux to:  either a USB flash drive (8GB, different from above), or a computer that you'll only use for your bitcoin wallet and nothing else


Why would you install from a USB key to another USB key.
Can't I just download lubuntu for example and burn the ISO to a SD card using Unetbootin?

Quote
22.  Type:  sudo apt-get update
23.  Type:  sudo apt-get upgrade
24.  Get a beer and wait a long time.  It will update your distribution to plug any security holes.  This will be the only time we do this.  If you're paranoid about updating your packages, you can skip this, but you may have problems installing armory.  You could also write your own linux kernel and wallet if you're really paranoid.

Why would you care about security updates when this USB booting machine never should hit the internet or any other network?
Couldn't you better just download a pre bitcoin linux distribution (older than 2008) to have even a better chance of no exploits to be hidden in the OS?

Also, what should be done to completely remove (wireless) network support (ethernet, bluetooth) from such an installation?
Something like? sudo apt-get remove --purge network-manager-gnome network-manager

Shouldn't it be better to remove all network drivers from the installation as well?
251  Bitcoin / Bitcoin Discussion / Re: What is your Bitcoin birthday? on: August 25, 2015, 04:43:14 PM
i can't tell for sure about exactly when i started with bitcoin, but my registration date here is closest time to it so i guess i started using bitcoin by buying my first bitcoin in early September of 2008

That is impossible because the first coins were mined January 3rd, 2009.
252  Bitcoin / Bitcoin Discussion / Re: What is your Bitcoin birthday? on: August 25, 2015, 04:42:10 PM
February 2013.
Just for fun bought almost 5 coins for €100,-
After that fun became more serious business.

Every year I celebrate this birthday with or without friends.
253  Bitcoin / Bitcoin Discussion / Re: September Stress Test Schedule 30 Day Backlog on: August 25, 2015, 04:12:41 PM

I'm not against larger blocks, I just don't agree with this kind of action particularly. If they know it's going to cause problems - which they've stated they do - then it's not a test then, is it. In which case, what's the point/benefit?

But with all due respect.
Bitcoin doesn't give a fuck about your opinion.
It doesn't need your agreement.

It is not a bug, it is a feature.

The benefit is to see if this plane can fly while shooting rockets at it and placing bombs aboard.
Bitcoin only has value if it survives it all.
Personally I can't get enough of those "attacks".

254  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 25, 2015, 03:49:19 PM
ok, stock market returning to normal and BTC following back along with it.  Smiley

Back up to 222 USD on Stamp now. This baby isn't ready to die just yet Wink. Who managed to get some coins around 200-210 USD then? I got 2 the other day, was hoping the price would stay low until I get paid but it looks like the price is going up now.

Always keep your last fiat dry to join the pump to 5k
In the meantime BTFD.
255  Bitcoin / Bitcoin Discussion / Re: September Stress Test Schedule 30 Day Backlog on: August 25, 2015, 11:38:39 AM
they don't have the right to affect the whole system.

I want them to fuck this system to the core.
Hack it, abuse it, fuck it to the max.

This system is only worth something when it survives everything.

For anything else there is paypal and friends.
256  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 24, 2015, 03:11:12 PM

Just sharing some information on lighting so we can consider the cons and be better informed:

Lightning is centralized by design. It's something like a centralized ledger that is capable of pushing out finalized transaction states to the real ledger at anytime.
Just like almost all exchanges are currently doing.
But those exchanges are 100% off chain. Better put it on chain and sync with it every 30 days or so.
Much better to prove solvency and shit.

Quote
Drawbacks:
- It screws with the UTXO set, because you can't tell where the money actually is in the system
For a certain amount of time. I believe 30 days or so were proposed.

Quote
- It's 100% centralized and could be prone to regulation. I've seen them talk about this and they say if the centralized node starts to whitelist addresses or something to that effect, they'll just start another one.
It's called 'free market'.
You don't have to trade with that particular entity.
If you don't like it, use the main chain and pay a (higher) fee.

Quote
- It's incredibly complicated and will be prone to errors for the first year or two
Planes and rockets are also complicated.
Whenever there is progress, errors are made in the process. It's called evolution.
Sit still and you die.

Quote
- It's not really that useful if you're paying different people with every transaction you do. It's more useful for subscriptions or companies that are paying each other all of the time.
This is not a drawback but a feature.
It is offloading the main chain.
There is no advantage to record each throw of a dice on the main chain. Just send the balance at the end of the day. (https://pocketdice.io/ for example)
Let them use the lightning network so we can keep the main chain cheap(er).


Quote
Lightning brings in the following
1) Centralization
2) trusting third parties
3) possible exploits.

I'm very happy to know XT is totally unable to have any exploit at all.
Do you might also know some positive points about lightning?


Quote
Here is the article from Mike Hearn on the subject:

https://medium.com/@octskyward/the-capacity-cliff-586d1bf7715e

I'll go and read it.
257  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 24, 2015, 02:33:22 PM
 intentionally throttling the network to collect more fees is like strangling the golden goose to get more eggs.

Or like jumping out of a certain wooden sculpture when the walls of Troy first come into view?

Our like trying to charge money for an infinite resource?

Bip 101 timescale:

Year.  Size.  Reward.  blockchain size (rough estimate)
2016  8MB.  12.5.     40GB
2020  32MB  6.25.     3.4TB
2024. 128MB  3.125.  16.8TB
2028. 512MB  1.5625.  70.56TB
2032  2048MB  0.78125.  285.6TB
2036  8192MB  0.390625.  1145TB

How many individuals do you think will be incentivized to store more than a petabyte of data with no compensation? The good news is that Gavin's plan is preposterous and will never gain traction, so fortunately there's nothing to worry about.  Cool

2036 is in 21 years. How big was a hard drive 21 years ago?  (hint: a tiny fraction of the storage on my current 3 year old phone).  Storage is so cheap now that if you include cloud storage like dropbox, it's free.
This is the same fallacy the Malthusians made about mass starvation with population doubling every forty years.  Didn't happen. All famines today are political, including ours.


some people have no foresight  Cheesy

Indeed. http://royal.pingdom.com/2010/02/18/amazing-facts-and-figures-about-the-evolution-of-hard-disk-drives/

To sum it up: price per GB from 1980 to 2010 : 300.000 USD to few cents (less than 1 USD). Max HDD space on average home user HDD went from : 2.520 MBs to 2.000.000 MBs. (an almost 800x increase on a single HDD in an average home PC!).

Yes, but my FLAC collection has already replaced my crappy MP3 collection and fits easily on a <1TB HDD.
Also my gazillion high res photo collection doesn't give a fuck about storage space.
There is no incentive for me to buy larger HDD's because I'm already drowing in free space unlike 10 years ago.

Lossless bitcoin compression (lightning network) is the way forward.
Converting MP3 to WAV is like increasing the blocksize and pretending it's better.
258  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 24, 2015, 02:05:54 PM
the last bubble was fueled by goxmoney that didn't actually exist.

Just like all the chinese exchanges are currently doing...
No way all coins which are traded do actually exist.
259  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 24, 2015, 12:21:44 PM
Bitfinex.com ‏@bitfinex 5 min ago.

Trading will resume in 15 minutes. You are able to cancel any orders that are active, if you so wish.
260  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 24, 2015, 07:23:20 AM
Back from holiday.
Finally able to catch the knife.
I just did.
We can go up again.
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