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Bitcoin IS backed. It is useful because it is the only form of decentralized worldwide instantaneous payment. That is a USE. The fact that it can be used in such a manner, and be secure from fraud as it is, is amazing, and worth something in and of itself. That combined with the fact that it takes WORK, computing power, to both create it AND to protect it from fraud, also give it backing. And because it is USEFUL and takes EFFORT to create, it will always maintain some kind of INHERENT value to people, and thus always be used. (It or others like it.)
People don't realize that Bitcoin is backed, because they don't really understand all the forms of backing which are possible. Use is backing. Work is backing. Bitcoin is backed.
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LOL seriously!? Thread about security: don't learn about security, just give your money to other people.
Great security advice right there.
Don't think, let us do the thinking for you. We're the ones who have a vested interest in thinking, not you. Why should you think? Do you really NEED to think to get by when I could just think FOR you?
Do you see how absurd that is?
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1) It's centralized. You have to trust the Ripplepay people to be able to use the system. Correct? Yes, Ripplepay itself is a centralized thing, but the IDEA of what it is can be implemented in a decentralized manner. Did you watch the Ripplepay introductory video??? All it takes is an algorithm analogous to finding the shortest route from City A to City B to find a ripplepay-like node route from Person A to Person B. Coding this kind of thing into a peer-to-peer client should be fine. |
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Although the bitcoin lovers claim that one of the benefits of BTC is as a safe haven for your money, recent days events have no proved that.
While gold and swiss Francs have climbed, just look at BTC. Still hovering around the 13-14 mark. It's definitely not a safe haven currency yet and the lack of movement means I'm putting off using it as one e.g. hedge against the euro.
You do realize it's 20x the price it was 4 months ago, right? |
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Just goes to show you the power of "being first"....
TradeHill has no cash withdraw limits, free security, far better security, they did it of their own accord before the Gox incident, 3rd party verification of their security and business finances, and lower fees, and that Duo security shit they use is super awesome and easy to use, free for the user, and can be used with your phone instead of having a brand new thing you gotta keep somewhere. But Gox still has 10x their volume.
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I'm torn between offering to buy a bot, or writing one in the only language I know.... Autohotkey
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Bitcoin has stagnated because the decimal point wasn't moved. We need to move it 2-3 places. Normal people might be willing to throw $10-20 into bitcoin. For that they get.... 1 coin? If they could get 100 or 1000 it would seem like a better deal. The psychological barrier is far, far, more important than most people on these forums realize. Believe it or not, most people in the world aren't mathematically adept libertarian engineers. We need to go after the humanities people, the liberals, the people who don't understand fractions or decimals. We need to move to a "points" model, like xbox points or credit card rewards points.
For most of a century people were paid in pennies. A penny for your thoughts, pinch a penny, the $5 per day job at Ford considered high wages... A penny for your thoughts still sounds better than 0.00071429 Bitcoins for your thoughts, or 71,429 Satoshis for your thoughts! |
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I'm pretty sure I was, but I just tried it again, and it worked this time.. the file I was getting before was around 4mb which I know was way too small. Anyway, it's all good now, thanks! |
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The win32 exe I downloaded wouldn't open, and my comp said it was corrupt or something :-( I tried re-downloading it but same thing. Is this my computer or is anybody else having this problem?
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I see you are updating the 0.3.24 version! Do you happen to have a ZIP or EXE available? I know jack shit about compiling things, but I'm a big fan of your patched 0.3.23 client!
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omg awesome works amazing
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I tried that and tried redownloading the block chain, and a few other things... nope :-(
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Well if anybody knows how to translate the file I found into something useful, please do let me know! As I said, I'm not at all computer-literate, so I have no idea how to extract the private keys from that (nor would I know how to make a wallet.dat file from the private keys even if I got them!)
Thanks for the help so far guys, I appreciate it!!!
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I found a "prodnet.wallet" file within the Titanium Backup zip, but I am truly not computer-literate enough to know what to do with that.
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Ok so I was messing around with Bitcoin 1.0 for Android and also Bitcoin Wallet, and trying to send coins back and forth just to test them out. For the most part things worked well, except when I was a bit of an impatient dufus, and sent some btc back and forth within a block or two. The Bitcoin 1.0 app didn't see the transaction, even after a few blocks (and block explorer confirmed that it was put into an earlier block), so I sent the remaining BTC to my Instawallet, quit the app and used Titanium backup to restore the data to a previous time. I then opened it and tried to re-download the chain, but it's not showing the transaction (or the money sent out to Instawallet). So now it thinks it has more BTC than the address actually has. And I can't send out the amount I know it has because the transaction is invalid (since it tries to send too much back to itself).
So is there a way to have it re-scan the block chain? Or can I somehow get my private key for that address? Basically, is there any way to recover the btc for that address? I feel like there should be since the program obviously has to have the private key, but I'm not at ALL tech-savvy enough to know what to look for or how to go about the recovery...
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Ok so I was messing around with this app and Bitcoin wallet, and trying to send coins back and forth just to test it. For the most part things worked well, except when I was a bit of an impatient dufus, and sent some btc back and forth within a block or two. The Bitcoin 1.0 app didn't see the transaction, even after a few blocks (and block explorer confirmed that it was put into an earlier block), so I sent the remaining BTC to my Instawallet, quit the app and used Titanium backup to restore the data to a previous time. I then opened it and tried to re-download the chain, but it's not showing the transaction (or the money sent out to Instawallet). So now it thinks it has more BTC than the address actually has. And I can't send out the amount I know it has because the transaction is invalid (since it tries to send too much back to itself).
So is there a way to have it re-scan the block chain? Or can I somehow get my private key for that address? Basically, is there any way to recover the btc for that address? I feel like there should be since the program obviously has to have the private key, but I'm not at ALL tech-savvy enough to know what to look for or how to go about the recovery...
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