Furio
Legendary
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Activity: 938
Merit: 1000
BTC | LTC | XLM | VEN | ARDR
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June 05, 2014, 07:04:50 PM |
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Let's see how everything plays out concerning regulations!
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pinksheep
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June 05, 2014, 07:40:25 PM |
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You're right that more choices (characters vs dice rolls) give you more combinations given the same exponent. But that's why you roll the dice 64 times. It's a heck of a lot of combinations.
Why not roll the dice 1000 times? Because 64 is all you need. There's only 6^64 bit coin addresses!
and to put it in perspective, amount of different 64 dice roll combinations is approximately equal to the number of atoms comprising our planet earth. so imagine you hide your wallet as one atom somewhere inside the planet's core and sleep well. Thanks to all who replied. I had all this explained to me back in March when I put my BTC into cold storage. I was perfectly happy with that until someone on here (I can't remember who) told me a few days ago that my BTC were not safe at all & would be stolen in a few weeks, if not a few days.
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Raystonn
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June 05, 2014, 07:44:56 PM |
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If you used a less than random method of creating your private key, like a password, it is possible for the password to be brute-forced with a dictionary attack. Those using a brain wallet with a short password are susceptible to this. Just use a randomly generated private key and you are fine as long as you keep that key safe.
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Raystonn
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June 05, 2014, 08:00:28 PM |
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Wrt this thread's title, anyone holding at least 1 Bitcoin can be considered a bitcoinaire. It implies wealth. The market price for BTC today is very undervalued. So buy, but don't sell at anything less than a value that implies 1 BTC means wealth.
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Benjig
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June 05, 2014, 11:20:38 PM |
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Wrt this thread's title, anyone holding at least 1 Bitcoin can be considered a bitcoinaire. It implies wealth. The market price for BTC today is very undervalued. So buy, but don't sell at anything less than a value that implies 1 BTC means wealth.
Yes even for the people who dont have enough money to buy lets say, 5,000 mBTC, if they buy just 500 mBTC they can make a good profit tough and thats not alot of money to invest , they will make a good sum of money when btc rises to 5 k or even 50 k.
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zimmah
Legendary
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Activity: 1106
Merit: 1005
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June 05, 2014, 11:23:58 PM |
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This forum is full of future millionaires
or beggars. or gazzilionaires. I'm pretty sure I quoted a future beggar right here. I might even give you a satoshi or two so you can buy bread once your fiat has became worthless.
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jonald_fyookball
Legendary
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Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
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June 06, 2014, 12:48:56 AM |
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Wrt this thread's title, anyone holding at least 1 Bitcoin can be considered a bitcoinaire. It implies wealth. The market price for BTC today is very undervalued. So buy, but don't sell at anything less than a value that implies 1 BTC means wealth.
Bitcoinaire. I think you coined a new term. Pun intended. Love it.
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keithers
Legendary
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Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
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June 06, 2014, 02:36:31 AM |
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Wrt this thread's title, anyone holding at least 1 Bitcoin can be considered a bitcoinaire. It implies wealth. The market price for BTC today is very undervalued. So buy, but don't sell at anything less than a value that implies 1 BTC means wealth.
Bitcoinaire. I think you coined a new term. Pun intended. Love it. How many BTC do you think you need to be a bitcoinaire? 200-250BTC?
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Raystonn
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June 06, 2014, 02:51:14 AM |
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One. The definition is not tied to any amount of fiat value. It simple infers you are wealthy in Bitcoin.
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jonald_fyookball
Legendary
Offline
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
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June 06, 2014, 04:28:58 AM |
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Wrt this thread's title, anyone holding at least 1 Bitcoin can be considered a bitcoinaire. It implies wealth. The market price for BTC today is very undervalued. So buy, but don't sell at anything less than a value that implies 1 BTC means wealth.
Bitcoinaire. I think you coined a new term. Pun intended. Love it. How many BTC do you think you need to be a bitcoinaire? 200-250BTC? Just one, but of course the more the merrier.
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MICRO
Legendary
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Activity: 2464
Merit: 1037
CEO @ Stake.com and Primedice.com
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June 06, 2014, 06:01:40 AM |
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Wrt this thread's title, anyone holding at least 1 Bitcoin can be considered a bitcoinaire. It implies wealth. The market price for BTC today is very undervalued. So buy, but don't sell at anything less than a value that implies 1 BTC means wealth.
Bitcoinaire. I think you coined a new term. Pun intended. Love it. How many BTC do you think you need to be a bitcoinaire? 200-250BTC? Just one, but of course the more the merrier. Just 1 ? U will die od aging before u become milionare.
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Parazyd
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June 06, 2014, 06:21:12 AM |
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This forum is full of future millionaires
or beggars. or gazzilionaires. I'm pretty sure I quoted a future beggar right here. I might even give you a satoshi or two so you can buy bread once your fiat has became worthless. Me? A beggar? Bitch please I've spent more BTC than you've ever seen.
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DolanDuck
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June 06, 2014, 06:54:49 AM |
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Bitcoinarie is the new meme, all who have 10+ bitcoins in the future will be bitcoinaries, they will be worth hopefully 1m+ dollars.
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MICRO
Legendary
Offline
Activity: 2464
Merit: 1037
CEO @ Stake.com and Primedice.com
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June 06, 2014, 06:58:30 AM |
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This forum is full of future millionaires
or beggars. or gazzilionaires. I'm pretty sure I quoted a future beggar right here. I might even give you a satoshi or two so you can buy bread once your fiat has became worthless. Me? A beggar? Bitch please I've spent more BTC than you've ever seen. Dont spend them!!! Hold to them and spend them in 10 years.
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saddambitcoin
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Activity: 1610
Merit: 1004
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June 07, 2014, 03:17:14 AM |
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yea I'm even more confused with the last page of posts and that is why I will probably be keeping all my coins in/at Coinbase.
if you're going to do that, just make sure to use all the security features coinbase has available to you. also you may want to enable 2 factor authentication on the email address linked to your coinbase account, i recently saw someone on reddit complaining about a hacker getting into their coinbase account after having their email compromised. and of course make sure to use a unique strong password...never use it anywhere else.
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Parazyd
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June 07, 2014, 03:27:27 AM |
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yea I'm even more confused with the last page of posts and that is why I will probably be keeping all my coins in/at Coinbase.
if you're going to do that, just make sure to use all the security features coinbase has available to you. also you may want to enable 2 factor authentication on the email address linked to your coinbase account, i recently saw someone on reddit complaining about a hacker getting into their coinbase account after having their email compromised. and of course make sure to use a unique strong password...never use it anywhere else. Personally, I'd never use 2FA unless I can use it with my phone.
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Raystonn
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June 07, 2014, 03:28:55 AM |
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Yes, Coinbase uses the Authy app, which can be installed on your smartphone.
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MICRO
Legendary
Offline
Activity: 2464
Merit: 1037
CEO @ Stake.com and Primedice.com
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June 07, 2014, 10:17:55 AM |
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yea I'm even more confused with the last page of posts and that is why I will probably be keeping all my coins in/at Coinbase.
if you're going to do that, just make sure to use all the security features coinbase has available to you. also you may want to enable 2 factor authentication on the email address linked to your coinbase account, i recently saw someone on reddit complaining about a hacker getting into their coinbase account after having their email compromised. and of course make sure to use a unique strong password...never use it anywhere else. Personally, I'd never use 2FA unless I can use it with my phone. Or u can set on blockchain.info 2fa with sms. And 2 passwords.
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BittBurger
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June 07, 2014, 10:03:53 PM |
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I would go out on a limb and say that at least 80-90% of the people here that have 15k or more invested in BTCs.
If the polls taken here are to be believed (and they could be as they were anonymous voting), 80-90% of people here own less than 10 BTC. Very, very few own more. But that doesn't have to matter much, if 1 BTC hits $100,000. -B-
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pinksheep
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June 07, 2014, 10:05:43 PM |
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I would go out on a limb and say that at least 80-90% of the people here that have 15k or more invested in BTCs.
If the polls taken here are to be believed (and they could be as they were anonymous voting), 80-90% of people here own less than 10 BTC. Very, very few own more. But that doesn't have to matter much, if 1 BTC hits $100,000. -B- Anyone know how to set up a new poll (anonymous of course) so that we could see what the percentage of people with under/over 10 coins now is?
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