And no. After May 15 v0.6.2 is not safe to use.
But can I install the 8 version while still having the 6 version? Will there be any conflicts? |
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Be honest!  |
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Because i really dont want to do that sync again unless I have to.
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I was trying to to transfer the wallet from one computer to another, and in the process of copying the \AppData\Roaming\Bitcoin i messed with files in the blocks directory. What kind of trouble can I expect from this?  |
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Is it only the transactions that is stored? Or is there a particular number/code that has the value of a given amount of BTC?
I read about the so called 'brain wallet'. It means you memorize your money as sequence of number. But is that possible? What do you memorize?
And yes - I already read 'how does it work' at bitcoin.org, but still dont get it.
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Has there been anything in the news? My best guess is that someone with large volumes needed to secure cash. Or perhaps a manupulative sell out and buy in?
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In retrospect, the clear answer is: Yes.
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Your new blockchain would have to distinguish itself somehow. By reward structure, inflation rate, hashing algo... Etc. Or else simply get eaten by the great red spot on Jupiter that is Bitcoin.
My BTC2 will distinguish itself in many good ways: 1. It will be started by much more miners in the beginning - hence more even distribution. 2. It will kick ass the early shadowy murky early adopters of todays BTC 3. I will get into BTC2 much earlier than I did in BTC, hence recover the losses when my BTC has no longer any value Wanna join the chain? |
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If you fancy yourself a speculator then prepare to periodically loose your shirt.
Ha ha - I love the concept of Bitcoin AND I am a speculator - tried to buy when it was down in $5 - but my bank could only transfer yen to jp - and I kinda forgot the idea for 8 months. So much for laziness! I read about digital currency with facination in my studying time (the same time Gopher browser was the only decent browser) LOL I lost so much money on speculation before - but what the hack, this time its for a good idea also! I get a new shirt. |
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I hope someone with deep-tech knowledge can answer:
Can there be created a new bitcoin network, say BC2, and BC3 etc. based on the same technology/algoritm as bitcoin? Or is it unique in its nature? For example, i believe one can have many cell-phone network in parallell that does not need to communicate with each other. I believe one also could have many internets etc. But is there something with bitcoin that makes this impossible?
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As for will the bubble burst, I would say almost certainly yes, as most speculative investment bubbles do. The problem is knowing when that correction will come, and how big will it be. For example it could come say at $200, and you'd still make a lot of money buying in now. That's the fun part of investing, or I should say speculation.
Good points! As a matter of fact, loosing investment opportunity due to slow wire transfers is itself a good illustration of the need for a currency like bitcoin. How is it possible for banks to use 3-4 days on a transfer. Do the travel personally bringing the money over to Japan?? (no, that would have been faster) |
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Exponential growth in value! Get in while you can! Aaagh - 20% increase while I was waiting for the wire transfer to arrive!
Heard it before? Sure you have. So - will the bubble burst? Or is bitcoin just different? The exeption from the rule? The only true God this time?
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The price of Bitcoins is starting to show all signs of a bubble. I believe that a currency doubling in value each second month lacks the thrustworthiness to become a substantial currency. Another problem is the uneveness of distribution: If a handful of people holds a significant percentage of the whole moneysupply, the stability of the of the price and moral consent is both at risk. No, its not from jealousness - I've bought my Bitcoins already.
Is it not time to start Bitcoin2? (I presume it is technically achieveable..?) It would get a much broader start and not bear such likeness of lottery. And the rate of mining new coins shold be set to level of in much longer perspective, and for a much larger number. And some smart way of exchange between the old and new Bitcoin.
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In june 2011 the bitcoin dropped to almost zero in value i've learned. But is it in aftertime known what caused this crash? And was there any volume on trades at that redicilous low price?
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Can I prove that I made a bitcoin transfer to a particular address? Say, for example in case of a legal dispute. I am asking for something more substantial than a screenshot of my wallet. I understand that all transactions somehow ar stored on the network?
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Have this fraudulent chargeback actually happened with bitcoin sales, or is just 'in theory'?
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