Richy_T
Legendary
Offline
Activity: 2576
Merit: 2267
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
|
|
January 09, 2014, 07:24:40 PM |
|
What's scary on the paper wallet (preferably encrypted using BIP0038)?
It's not the tech, it's trusting it to paper and/or USB. They just seem too fragile. Not just in the physical sense either.
|
|
|
|
mb300sd
Legendary
Offline
Activity: 1260
Merit: 1000
Drunk Posts
|
|
January 09, 2014, 07:25:56 PM |
|
Coinbase: Allow verified/instant users to spend bitcoin directly from their bank accounts/credit cards. Be the PayPal replacement!
|
|
|
|
N12
Donator
Legendary
Offline
Activity: 1610
Merit: 1010
|
|
January 09, 2014, 07:26:02 PM |
|
What's scary on the paper wallet (preferably encrypted using BIP0038)?
It's not the tech, it's trusting it to paper and/or USB. They just seem too fragile. Not just in the physical sense either. I know that well. I think something like Trezor is probably best. Hopefully, that will soon be available for non-ridiculous prices.
|
|
|
|
Richy_T
Legendary
Offline
Activity: 2576
Merit: 2267
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
|
|
January 09, 2014, 07:26:10 PM |
|
What's scary on the paper wallet (preferably encrypted using BIP0038)?
Paper wallets can be tricky. I think your most secure option is to use Armory with the cold storage option explained on the Armory site. One thing that makes me a little uncomfortable about armory is that you are working with an armory wallet seed and not the actual private key. Almost I'd rather work with the paper wallet generator webpage (name slips my mind). Edit: bitaddress.org
|
|
|
|
BitChick
Legendary
Offline
Activity: 1148
Merit: 1001
|
|
January 09, 2014, 07:26:50 PM |
|
We should all buy something on Overstock so the CEO can gloat about how successful it is to take BTC!
|
|
|
|
N12
Donator
Legendary
Offline
Activity: 1610
Merit: 1010
|
|
January 09, 2014, 07:27:56 PM |
|
Sorry, I would much rather buy fake virtual credit points for a fake farm game.
|
|
|
|
Mythul
|
|
January 09, 2014, 07:28:27 PM |
|
|
|
|
|
bambou
|
|
January 09, 2014, 07:29:23 PM |
|
you really think they will directly sell 100% of the coins they get?! imho they decided to jump in the bitcoin train not only to expand their marketshare, but also to make even more profit hodling some of it.. I mean, isnt that all about profit after all?
|
|
|
|
damiano
Legendary
Offline
Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
|
|
January 09, 2014, 07:29:28 PM |
|
CHOOOOO-CHOOOOO: OVERSTOCK WENT LIVE !
That is not bullish. Overstock has nothing to do with bitcoin. They simply use bitpay and accept fiat Bitpay sells the coins asap -» Selling pressure Being able to spend bitcoins is always a good sign.
|
|
|
|
niothor
|
|
January 09, 2014, 07:29:47 PM |
|
Sorry, I would much rather buy fake virtual credit points for a fake farm game.
Blitz , you're usually "a bear" with arguments but right now you're overdoing it.
|
|
|
|
pietje
|
|
January 09, 2014, 07:30:43 PM |
|
CHOOOOO-CHOOOOO: OVERSTOCK WENT LIVE !
That is not bullish. Overstock has nothing to do with bitcoin. They simply use bitpay and accept fiat Bitpay sells the coins asap -» Selling pressure Being able to spend bitcoins is always a good sign. I agree. The more spending options the better the adoption the more people join in on bitcoin. Charts do look a bit bearish atm.
|
|
|
|
Adrian-x
Legendary
Offline
Activity: 1372
Merit: 1000
|
|
January 09, 2014, 07:31:11 PM |
|
CHOOOOO-CHOOOOO: OVERSTOCK WENT LIVE !
That is not bullish. Overstock has nothing to do with bitcoin. They simply use bitpay and accept fiat Bitpay sells the coins asap -» Selling pressure The last time a yellow Lamborghini sold through Bitpay, the dump of coins crashed the market. How were the coins disperse for the Virgin Atlantic flight?
|
|
|
|
gentlemand
Legendary
Offline
Activity: 2590
Merit: 3014
Welt Am Draht
|
|
January 09, 2014, 07:32:06 PM |
|
216 coins crashed the market? Are you sure?
|
|
|
|
N12
Donator
Legendary
Offline
Activity: 1610
Merit: 1010
|
|
January 09, 2014, 07:32:35 PM |
|
you really think they will directly sell 100% of the coins they get?! imho they decided to jump in the bitcoin train not only to expand their marketshare, but also to make even more profit hodling some of it.. I mean, isnt that all about profit after all? I'm not sure you understand how this works: They do not accept Bitcoins directly. They use a payment processor called Bitpay that guarantees them USD, and Bitpay of course sells them on the open market. edit: Coinbase then, but same principle applies.
|
|
|
|
|
granathus
|
|
January 09, 2014, 07:34:16 PM |
|
you really think they will directly sell 100% of the coins they get?! imho they decided to jump in the bitcoin train not only to expand their marketshare, but also to make even more profit hodling some of it.. I mean, isnt that all about profit after all? I'm not sure you understand how this works: They do not accept Bitcoins directly. They use a payment processor called Bitpay that guarantees them USD, and Bitpay of course sells them on the open market. They use Coinbase.
|
|
|
|
adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
|
|
January 09, 2014, 07:35:05 PM |
|
CHOOOOO-CHOOOOO: OVERSTOCK WENT LIVE !
That is not bullish. Overstock has nothing to do with bitcoin. They simply use bitpay and accept fiat Bitpay sells the coins asap -» Selling pressure but it increases bitcoins usefulness, and this brings up the value. now i can save AND spend with BTC, these days you can pretty much live on BTC without any problems. how far we've come in so little time.
|
|
|
|
Walsoraj
|
|
January 09, 2014, 07:35:17 PM |
|
you really think they will directly sell 100% of the coins they get?! imho they decided to jump in the bitcoin train not only to expand their marketshare, but also to make even more profit hodling some of it.. I mean, isnt that all about profit after all? I'm not sure you understand how this works: They do not accept Bitcoins directly. They use a payment processor called Bitpay that guarantees them USD, and Bitpay of course sells them on the open market. They use Coinbase. What is coinbase? You moron.
|
|
|
|
Chalkbot
Legendary
Offline
Activity: 896
Merit: 1001
|
|
January 09, 2014, 07:36:32 PM |
|
you really think they will directly sell 100% of the coins they get?! imho they decided to jump in the bitcoin train not only to expand their marketshare, but also to make even more profit hodling some of it.. I mean, isnt that all about profit after all? I'm not sure you understand how this works: They do not accept Bitcoins directly. They use a payment processor called Bitpay that guarantees them USD, and Bitpay of course sells them on the open market. edit: Coinbase then, but same principle applies. Are you sure about this? In the original announcement it sounded like they wanted to make their own payment processing system in-house, to avoid the market dump effect and the fees.
|
|
|
|
Adrian-x
Legendary
Offline
Activity: 1372
Merit: 1000
|
|
January 09, 2014, 07:36:48 PM |
|
216 coins crashed the market? Are you sure?
Call it good timing (correlation doesn't = causation)
|
|
|
|
|