Boy , start with the basics before sprouting non-sense:
Step 1:
http://bitcoin.org/bitcoin.pdfStep 2 :
Read more than you post on the forum.
Step 3:
Good luck.
Boy? Dunno how old you are - I just indicated that I am way older than nweb01 ;-)
I *do* know about P2P currency, transaction verification and privacy.
(I actually designed a protocol with authentication and secured with asymmetric encryption)
As the many shibes on this forum can attest, numerous are those who lost coins without being able to get them back
*even* if they can find what address they are in now and they can "see them sitting there". Still no way to avoid or reverse stealing
unless with *major* effort. So, the paper you quoted shows how it works in theory - completely safe (and I agree).
The practice shows us a different picture...
BTW, I actually did read most of the posts on this (and other) forums before I started posting,
I hope that you will be able to tell from the info in my posts. If you do not know the person you
are commenting about, you may ask me to clarify so we get a dialogue instead of you coming
across as showing off how much better you are than the person you are commenting on,
without even knowing them. Your reply is not helpful or encouraging and you still have no idea
of all the reasons *why* I doubted the safe storage of value.
To give you one more (why I said "it is relative") is that the coin value can crash, so the value is never guaranteed - not safe.
Age has nothing to do with knowledge
Lisa or Homer (simpson) debate here...
I said bitcoin was designed for... you claim as a counter that "shows how it works in theory"
Really nice counter argument you got there.
Store of value , crash to 0?
Let me ask you something , if the value crashed to 0 ...hmm usd , my wallet will still contain 100 bitcoins right?
If the usd crashes to 0 , will my bitcoins also be 0 . or would I still have 100 bitcoins?
If you peg the bitcoin value to usd and you see the evolution in price/btc alone , if you still think about profits in usd... you don't get bitcoin.
And you're still a boy in this matter.
As for the hacks.
With bitcoin , I need to safeguard my computer.
With a bank:
my computer , my credit card , the atm which i use , the merchants websites I use , and I have to trust the security of the bank itself , and the government.
The whole discussion stated from the third party.
Bitcoin is design to store your wealth in a safe place that doesn't involve a third party.
Was satoshi wrong on this?
How about you issue an update for his whitepaper.
Also with 51 posts out of which none is in the bitcoin section...
Don't brag about your posts.
Remember that at least one was totally wrong , mister 5$ referral link
I don't forget people so easy
)))))))
