Doubts about bitcoin these days...

[sidhujag]

Here's a new approach to this thread:

A free-market fixed-supply commodity-based currency was first invented by Thomas Edison in the 1920s and became widely adopted. Since then, several different versions of this currency have been reinvented and implemented. However, none of these are here today. They have all been squashed by the fed, central banks, and governments.

Nah internet didnt exist

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[aminorex]

Building a quantum computer capable of reversing an ECDSA curve on the order of thousands of bits will make a huge disturbance in the force.  it will be very easy to change algorithms  before it becomes a problem. if such a computer were to be built before the algorithm could be changed but code was ready in advance, then Gavin could issue a broadcast to shutdown the network and all of the balances be transferred before the unique single computer could reverse the keys of the second wallet.

[Mythul]

... For Bitcoin to take the sort of jump that all Bitcoiners are rooting for, it will take an economic crisis...

+1

or a political instability.

My money is on Putin to deliver this.

The parallels between him and Hitler are just too many to ignore.

Came from nothing.  Ignored by peers, probably developed inferiority complex early in life.  
Came to power by force and stays in power by force.  His nationalistic promises of  "Greater Russia" have too much of the "Lebensraum" sound to it.

Annexed neighbouring country by force on a pretext of "saving its own people".  Surrounds himself with advisers that agree with him.
Tries to lift his image by pretending to be a super macho man.  

Hitler was delusional so is Putin.  

Russians overwhelmingly support their leader, so did Germans in the summer of 1939.

I expect the unexpected from this guy very soon.

I really really really hope you are wrong !

[MatTheCat]

... For Bitcoin to take the sort of jump that all Bitcoiners are rooting for, it will take an economic crisis...

+1

or a political instability.

My money is on Putin to deliver this.

The parallels between him and Hitler are just too many to ignore.

Came from nothing.  Ignored by peers, probably developed inferiority complex early in life.  
Came to power by force and stays in power by force.  His nationalistic promises of  "Greater Russia" have too much of the "Lebensraum" sound to it.

Annexed neighbouring country by force on a pretext of "saving its own people".  Surrounds himself with advisers that agree with him.
Tries to lift his image by pretending to be a super macho man.  

Hitler was delusional so is Putin.  

Russians overwhelmingly support their leader, so did Germans in the summer of 1939.

I expect the unexpected from this guy very soon.

Get a grip.

Although I wouldn't fancy living under his rule if it were not for Putin we would be 20 steps further along the road to WW3.

The US is pushing ultimately towards China. Under absolutely no circumstances, can they afford a war with Russia, but they do need to knock Russia into compliance before they can really start to bring the boot down on China, but Putin isn't having it and thank god that he isn't.

[disclaimer201]

I love these threads. Time to buy.

[sidhujag]

We are at the start of a revolution and we are early adopters.. get on board or
get slaughtered!!!

The reason i switched from forex to bitcoin was because The charts already printed a self fueld crash that wont relent.. take a look at gbp usd or eur usd.. they all point to the same result.. I just didnt know how to play it.. the scum market makers wouldnt honor trades if they went bankrupt so I had to find a safer
hedge against collapse of fiat.. enter
bitcoin. It shrugs off bad news with upticks.. the power is growing with awareness of the inivitable collapse our current system which the banking cartels "sophisticated" monetary tools are supposed to help avoid and help prosper...

Infact we are not even growing any more in economic sense.. read
up on Chris Martensons ebook about our financial system and you will see the 3 Es are converging into one path of that of bitcoin as a light which guides us out of this mess.. Energy Economy  Environment are all coming to a head pressed by hard limits of a physical planet... Unless we can colonize mars soon we wont
sustain our current system much longer at the exponential rate of decay we experience today... I feel we are in the middle of the tornado.. the silence before all hell breaks loose. 2008 was just a hint or preview that change is on its way... shape up or slip out as my favourite game character would say.

[davidgdg]

This should make you feel better:

https://bitcointalk.org/index.php?topic=511018.0

 

[Bobsurplus]

Relax, calm down. Bitcoin is not going anywhere. There will be safe exchanges in the future, bitcoin is safe to use when used properly. no need to worry. Just sit tight and HODL.

[threecats]

This should make you feel better:

https://bitcointalk.org/index.php?topic=511018.0

 

Wow.

[opentoe]

This should make you feel better:

https://bitcointalk.org/index.php?topic=511018.0

 

And I think that is a huge problem. Gauging  bitcoin on how many wallets are opened on blockchain is the worst. Those wallets are all there just ready for someone to steal them. Anyone with an email address/computer can create a wallet on blockchain. They can create 10 wallets per day if they wanted to. And they could be 10 years old. That really doesn't mean anything. When so many people put all their eggs in the basket they subconsciously filter out all the negative news and downfalls bitcoin has. Their ears and eyes only read the positive content because if it fails, they'll fail and lose all their assets. That's when you become delusional. I've read in some threads some people losing thousands of dollars because of Mt.Gox meltdown and these people were still cheerful and happy about bitcoin. Once the delusion sets in, you need several years in a padded room to get your mind back.

Let's make a bet. I bet that bitcoin (even when you say the Internet compresses time) will stay in BETA for at least 6 more years. Hell, I don't think it will ever get out of BETA...but I can't do a bet on something that won't ever happen. Bitcoin is 5 years old. In computer years, that's quite old. I guess there are always those BETA FOREVER projects.

[Ibian]

This should make you feel better:

https://bitcointalk.org/index.php?topic=511018.0

 

And I think that is a huge problem. Gauging  bitcoin on how many wallets are opened on blockchain is the worst. Those wallets are all there just ready for someone to steal them. Anyone with an email address/computer can create a wallet on blockchain. They can create 10 wallets per day if they wanted to. And they could be 10 years old. That really doesn't mean anything. When so many people put all their eggs in the basket they subconsciously filter out all the negative news and downfalls bitcoin has. Their ears and eyes only read the positive content because if it fails, they'll fail and lose all their assets. That's when you become delusional. I've read in some threads some people losing thousands of dollars because of Mt.Gox meltdown and these people were still cheerful and happy about bitcoin. Once the delusion sets in, you need several years in a padded room to get your mind back.

Let's make a bet. I bet that bitcoin (even when you say the Internet compresses time) will stay in BETA for at least 6 more years. Hell, I don't think it will ever get out of BETA...but I can't do a bet on something that won't ever happen. Bitcoin is 5 years old. In computer years, that's quite old. I guess there are always those BETA FOREVER projects.

Please post a guide on how to steal ready to steal wallets.

[opentoe]

This should make you feel better:

https://bitcointalk.org/index.php?topic=511018.0

 

And I think that is a huge problem. Gauging  bitcoin on how many wallets are opened on blockchain is the worst. Those wallets are all there just ready for someone to steal them. Anyone with an email address/computer can create a wallet on blockchain. They can create 10 wallets per day if they wanted to. And they could be 10 years old. That really doesn't mean anything. When so many people put all their eggs in the basket they subconsciously filter out all the negative news and downfalls bitcoin has. Their ears and eyes only read the positive content because if it fails, they'll fail and lose all their assets. That's when you become delusional. I've read in some threads some people losing thousands of dollars because of Mt.Gox meltdown and these people were still cheerful and happy about bitcoin. Once the delusion sets in, you need several years in a padded room to get your mind back.

Let's make a bet. I bet that bitcoin (even when you say the Internet compresses time) will stay in BETA for at least 6 more years. Hell, I don't think it will ever get out of BETA...but I can't do a bet on something that won't ever happen. Bitcoin is 5 years old. In computer years, that's quite old. I guess there are always those BETA FOREVER projects.

Please post a guide on how to steal ready to steal wallets.

Post a guide on how to steal bitcoins? You living under a rock or something? Read a little on the forums and you'll see plenty of thread about bitcoin being stolen from online accounts. I also never said I know how to do it. If you want to go steal other people's bitcoin then go find out yourself and earn it.

[Ibian]

This should make you feel better:

https://bitcointalk.org/index.php?topic=511018.0

 

And I think that is a huge problem. Gauging  bitcoin on how many wallets are opened on blockchain is the worst. Those wallets are all there just ready for someone to steal them. Anyone with an email address/computer can create a wallet on blockchain. They can create 10 wallets per day if they wanted to. And they could be 10 years old. That really doesn't mean anything. When so many people put all their eggs in the basket they subconsciously filter out all the negative news and downfalls bitcoin has. Their ears and eyes only read the positive content because if it fails, they'll fail and lose all their assets. That's when you become delusional. I've read in some threads some people losing thousands of dollars because of Mt.Gox meltdown and these people were still cheerful and happy about bitcoin. Once the delusion sets in, you need several years in a padded room to get your mind back.

Let's make a bet. I bet that bitcoin (even when you say the Internet compresses time) will stay in BETA for at least 6 more years. Hell, I don't think it will ever get out of BETA...but I can't do a bet on something that won't ever happen. Bitcoin is 5 years old. In computer years, that's quite old. I guess there are always those BETA FOREVER projects.

Please post a guide on how to steal ready to steal wallets.

Post a guide on how to steal bitcoins? You living under a rock or something? Read a little on the forums and you'll see plenty of thread about bitcoin being stolen from online accounts. I also never said I know how to do it. If you want to go steal other people's bitcoin then go find out yourself and earn it.

Online bitcoins are not your bitcoins. They belong to whoever you gave them to.

[aminorex]

Post a guide on how to steal bitcoins? You living under a rock or something? Read a little on the forums and you'll see plenty of thread about bitcoin being stolen from online accounts. I also never said I know how to do it. If you want to go steal other people's bitcoin then go find out yourself and earn it.

Online bitcoins are not your bitcoins. They belong to whoever you gave them to.

This.  All you own is a claim on a counterparty at that point.  In bitcoin, possession is 100% of the law.

Keep your private key secret.  If you do that, you are safe from thieves, period.
 

[Ibian]

Online bitcoins are not your bitcoins.
They belong to whoever you gave them to.

=====

And therein lies the problem ..
And why BTC won't go mainstream ..

I still believe I own my stocks even though Fidelity holds them ..

If I have to hoard my BTC and hold them offline to be "safe" ..
Then forget about them becoming the preferred online transaction network/currency ..

Triff ..

My bitcoins are all online. On my laptop. Yours if you hack them, go right ahead. I won't even ask for them back.

And please dont add ten empty lines to your posts, it just looks stupid.

[bgmc]

Target got hacked and millions of users' data stolen, mostly including credit card information. Yet Target continues to be strong, and the credit card industry continues to be strong.

Bitcoin is certainly strong enough to withstand a few hackers.

[pheaonix]

OP: registered april 2012. still doesn't know how computer security or bitcoin works.

[Topazan]

I really do hate out US banking industries, but I also never had $1 stolen from me or worry about it.

You may not have had $1 stolen from you, but what about the real purchasing power of each dollar?

That said, I agree with you that security is a HUGE concern for bitcoin.  Too many people are flippant about it just because they think their own stash is secure, but we have to remember that there are many, many decent people out there without the attention span or technical knowledge to take all the necessary precautions.

[opentoe]

Target got hacked and millions of users' data stolen, mostly including credit card information. Yet Target continues to be strong, and the credit card industry continues to be strong.

Bitcoin is certainly strong enough to withstand a few hackers.

Ummm, Target isn't in BETA and neither is the credit card industry. When shit gets stolen from you, you actually get it back. Try getting your bitcoin back when it is stolen from you.

[opentoe]

OP: registered april 2012. still doesn't know how computer security or bitcoin works.

Anyone that leaves a bitcoin tip jar in their signature is gay and under the age of 22.

You're are kids, playing on the computer "thinking" you know what you are doing.