as we know the latest malware and virus (e.g. BadBIOS) hack your computers and steal your data by travelling through computer speakers, thus jumping over air-gap protection.
how do i protect my bitcoin wallet from these threats?
No, we don't know that. The BIOS dumps that were provided by the researcher claiming to have found BadBIOS have been analysed by lots of researchers and not a single one has been able to validate the existence of Ruiu's BadBIOS malware. Hardware and BIOS experts have weighed in, in addition to most of the heavyweights in security research. And...Nothing. But, whatever, if you're really worried about air-gap jumping BIOS malware that traverses airgaps using sound, then there's an obvious solution: Don't attach a mic to the offline system. What you should actually be worried about is malware that can hitch a ride on USB sticks, because those are actually known to exist.
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This is wonderful. Now we know exactly how much a decentralized ledger system is worth, and we're almost there! Almost done folks. And all before we even came out of beta. Well done, everyone. Well done. So, what's our next project?
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Well, taking you at your word, I'll say this much, before you buy $1m worth of bitcoin with your dad's money (if you end up deciding to actually do this), you better be goddamn sure you know how to secure bitcoins.
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You people are morons, this is what we in the financial industry call a "massive disaster." If I can't move my bitcoins to banks in China, I lose reputability, and the cascade of negative effects will put me out of business. This is the end of the bitcoin experiment as far as I'm concerned. Time to start a firesale of my 2000 BTC, I'll be lucky if I get 100$ per.
It's your lucky day. I'll pay you twice what you're expecting. For all of them. PM me.
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All I see on the speculation subforum are posts by people who believe we`re going to see $10,000 per coin soon or some other wildly optimistic number, yet I also see many of the same people writing that they used their bitcoins this week for shopping. Why would you shop with your coins if you think they`ll be worth 10x (or whatever figure) next year? Is everyone here insane or what?
Sometimes you just want something.
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Well done. Somebody needed to pick up the slack since I stopped trolling around here.
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Long term, it might have been one of the biggest bets in history. I doubt that, but I won't be betting on it. I've learned my lesson.
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I'll give OP a bitcoin if it hits $1000/BTC this year. Will not happen. Time to necro another thread BTW here's my address: 19Kpu7Mje3RHmnjUwn1sXQfi4iWtUTxWtt My past self was a real shit sometimes. Give me some time, I only have ~0.75 in an online wallet. The rest is offline, and I'm at work. Might just buy ~$300 more so I don't have to dip into the offline wallets, unless somebody wants to chip in
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can i ask a question? when the buy is smaller than the ask/sell number.. that means there are more people willing to sell than buy right?
It's not that simple. For one thing, there are more people willing to buy or sell than the number of people who have positions on the orderbook. I may be willing to sell, but may not want to let the market know that I'm willing to sell by putting an ask/sell order on an orderbook. Instead, I might just execute a market order and sell directly into the buy orders. Similarly, buyers may wish to buy, but might not advertise that on the orderbook, and might, instead, buy some of the ask/sell orders sitting on the book.
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Seriously guys, a lot of the problem with the way bitcoin is treated in the media stems from the fact that most reporters have not taken the time to understand the decades old computer science problem bitcoin attempts to offer a practical solution to. That doesn't mean if you understand that, then you'll think bitcoin will succeed, but it should at least keep you from saying things that everyone who does understand the problem immediately recognizes as a failure to understand the system.
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*Ladies and gentleman, this is your captain speaking. Prepare for lift-off ! *
*Ladies and gentleman, this is your captain speaking. We had some delays because there were bears loose on the runway. They have been taken care of, so relax and enjoy the flight. We hope you will fly with bitcoin airways again* We're flying Virgin, I assume.
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Staggering all the way down to $100, with increasing buy amounts on the way down. Time to take some money.
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Hey look, somebody else didn't read the white paper!
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You got to love this comment from a Mr Spengler. SpenglerAZ The problems with virtual currencies:
1) Not convertible to real currency
2) Government authorities can shut them down, rendering them worthless
3) Possibility for counterfeiting/fraud
The first movers and insiders profit, and the followers are vulnerable. Kind of reminds you of a chain letter, doesn't it? Bravo! I wish we could force everyone who wants to write about bitcoin to start by spending a day or two to understand the byzantine generals problem.
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To the original poster:
You're surprised?
Bernanke likes Bitcoin, not because he likes Bitcoin, but because he and everyone else in the Govt is planning to make their own.
That's why they never say they endorsed Bitcoin. They only said that "the technology" is something that could be extremely beneficial.
As everyone in the Bitcoin community has already proven, any tom dick, or harry can make a new cryptocurrency.
I warned all of you about this a long time ago, because all you're doing is showing the Govt that they can easily make their own.
But hey, everyone wants to get rich, so now there's nearly 100 alt coins. Woo hoo! :/
Anyways ... old news ... Govt doesn't love Bitcoin. They plan to make their own.
Trillions of dollars could be saved if the Govt switched to a cryptocurrency, and they're fully aware of that.
Trillions upon trillions.
From my reading of all of these statements about governments and financial institutions moving to "virtual currencies" it really seems like they don't really understand the technology. They're all focused on speed. The real innovation that underpins bitcoin (a decentralized consensus network) isn't needed to make the current system work faster, and that's what most of the government and traditional banking types think is the big innovation bitcoin brings to the table, just speed. It isn't, and any computer scientists knows that. The existing financial system can be made faster by changing some of the rules about how ACH works, for example, and by upgrading computers in a data center. Whoopdee do! That hasn't been done yet because it'll be kind of a headache. But, doing it doesn't rely on any of the technical innovation behind bitcoin. In short, they've completely overlooked what exactly is innovative about bitcoin. And that property of the protocol is what makes it potentially so disruptive because it can be used for more things than just a means of exchanging value as in a currency. Just look at this article in the LA Times. He thinks the real fancy technical innovation has to do with speed and how they're created. Not that the whole system is a network of computers distributed globally coming to consensus about what transactions are verified and when, and is doing so without any one giving telling them what to "believe" - and their consensus can be trusted and verified by everyone using the system. Nope. It's faster than ACH and checks and the money supply is limited. He does not understand the system.
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I've been trying to stay away from trading, but the overall trends are still surprisingly easy to take advantage of in this market, especially having observed it for so long. One of the primary problems for new adopters (and many of us went through this) is that many of them are brand new to any form or trading (as I was 3 years ago).
Resisting the psychological effects of seeing the market move against you after you take a position by joining selling in a panic are really, really hard to do. Lots of people think they can do it, in the abstract, but it's just not that easy once your money is on the line. Knowing that so many people who join during bull runs are so powerfully subject to these psychological effects makes bitcoin ripe for manipulation, for better or worse. I think it's a phenomena of the bitcoin market that will be reduced over time as the market as a whole matures, and I think there's already some evidence of that, but I think it will continue to persist for years to come.
None of this is anything totally unique to bitcoin, but I think it is amped up in this market in part because the barrier to entry is so low.
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Is 800 the new 15 and or 130???
hmmm
I think it's probably too soon to know that, but I'm putting myself in a buying position again for the first time in a while (with new USD, not from sold BTC). I'm waiting for a more decisive dip before I start accumulating again. What I'd like to see is a burst of panic selling, TBH.
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Offline Armory with encrypted and paper backups.
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Seriously, OP, there are services that can help you. What have you tried so far.
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