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Question: Will you support Gavin's new block size limit hard fork of 8MB by January 1, 2016 then doubling every 2 years?
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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1806988 times)
wachtwoord
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October 22, 2013, 03:19:37 AM
 #5981

1) Have trustworthy friends.
2) Make sure some of them reside on different continents than you.
3) Keep your savings in an m-of-n output, where the cooperation of one or more of your friends is needed to spend them.
4) You are now protected from rubber hose cryptography.

Sadly, this is not a trust free system and I don't trust anyone enough. Do you?  Wink

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justusranvier
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October 22, 2013, 03:23:54 AM
 #5982

The only problem is it doesn't work for people who can't make friends.
wachtwoord
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October 22, 2013, 03:27:20 AM
 #5983

The only problem is it doesn't work for people who can't make friends.

I have very good friends who'd I trust with a lot, even things that could result in me being seriously harmed physically, immediately. You're suggesting introducing a long term dependency on someone else. Most relationships end at some point. Some end badly (especially romantic relationships).

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October 22, 2013, 03:32:38 AM
 #5984

A good thing about Bitcoin is you can DIY your own duress-proof scheme, suiting your own needs and tastes.

If I am more worried about myself losing my mind and plead my friends to just cooperate with the authority, then about the reliability of the technologies I employed, I can well hide my paper wallet in a certain corner of a forest on a certain continent, where I can not get to until I am free, or just encrypt it and put it into the bittorrent sync so that it won't be lost. Or better still, If I am feeling adventurous, I could just well hide it in the background noise of a porn picture, and in Linus Torvalds' words, let the rest of the world mirror it. Wink The possibilities are endless.

You could also mixing up the schemes a bit, three signatures for the elves-infested forest, seven carved in the hall of stones, nine for your mortal friends,  then one last to rule them all, to find them and in the dark web bind them.

https://tlsnotary.org/ Fraud proofing decentralized fiat-Bitcoin trading.
byronbb
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October 22, 2013, 03:52:37 AM
 #5985

Ya I have two copies of my paper btc wallets hidden in different places. One is very hidden the other is in my fridge with instructions to anyone who cleans it out upon my sudden demise. But I think I am going to buy a letter/number punch and get my keys down onto metal.

wachtwoord
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October 22, 2013, 03:54:10 AM
 #5986

Ya I have two copies of my paper btc wallets hidden in different places. One is very hidden the other is in my fridge with instructions to anyone who cleans it out upon my sudden demise. But I think I am going to buy a letter/number punch and get my keys down onto metal.

Don't disclose this sort of information on a public forum! It's called security through obscurity for a reason.

oakpacific
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October 22, 2013, 03:58:50 AM
 #5987

Ya I have two copies of my paper btc wallets hidden in different places. One is very hidden the other is in my fridge with instructions to anyone who cleans it out upon my sudden demise. But I think I am going to buy a letter/number punch and get my keys down onto metal.

Don't disclose this sort of information on a public forum! It's called security through obscurity for a reason.

Maybe he is trying to lure people into believing it's all that he has, who knows? Wink

https://tlsnotary.org/ Fraud proofing decentralized fiat-Bitcoin trading.
NewLiberty
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October 22, 2013, 04:07:19 AM
 #5988

Ya I have two copies of my paper btc wallets hidden in different places. One is very hidden the other is in my fridge with instructions to anyone who cleans it out upon my sudden demise. But I think I am going to buy a letter/number punch and get my keys down onto metal.

Don't disclose this sort of information on a public forum! It's called security through obscurity for a reason.

Maybe he is trying to lure people into believing it's all that he has, who knows? Wink
He is hoping you will clean his fridge for him.

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wachtwoord
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October 22, 2013, 04:09:32 AM
 #5989

Ya I have two copies of my paper btc wallets hidden in different places. One is very hidden the other is in my fridge with instructions to anyone who cleans it out upon my sudden demise. But I think I am going to buy a letter/number punch and get my keys down onto metal.

Don't disclose this sort of information on a public forum! It's called security through obscurity for a reason.

Maybe he is trying to lure people into believing it's all that he has, who knows? Wink
He is hoping you will clean his fridge for him.

Haha, sure! What's the address? Wink

tvbcof
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October 22, 2013, 04:11:48 AM
 #5990

Ya I have two copies of my paper btc wallets hidden in different places. One is very hidden the other is in my fridge with instructions to anyone who cleans it out upon my sudden demise. But I think I am going to buy a letter/number punch and get my keys down onto metal.

Don't disclose this sort of information on a public forum! It's called security through obscurity for a reason.

Maybe he is trying to lure people into believing it's all that he has, who knows? Wink

Or maybe he was trying to make the same point that I was trying to make.  There are a variety of ways and means for one to lose or lose control of one's private keys.

Even under a legal system which was not particularly abusive there are ways to induce people to give up information lawfully.  Bitcoin has so many plausible modes of failure that it is very possible for one to be unable to comply, or to give up keys to value which has already been moved, and it is possible that the persons moving the data did not do so in coordination with the individual under attack.

This multitude of proven failure modes of Bitcoin is to me (probably nearly alone) something of a 'killer app'.  I've said it before and I'll say it again:  Thank you all you idiots who got ripped off over the years!


molecular
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October 22, 2013, 06:29:45 AM
 #5991

What's PM?

Precious Metal

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
thoughtfan
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October 22, 2013, 06:45:22 AM
 #5992


Probably best in case it wasn't a joke that someone answers seriously but I'll use this as an excuse to quote the reply I liked the idea of...
What's PM?

It is a subset of alt currencies where instead of having a digital balance, your balance is determined by how much of a certain element you hold. Popular elements of choice include gold, silver, and platinum.

If you have a machine on 24/7 why not have a full Bitcoin client running on it to support the network?
Spaceman_Spiff
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October 22, 2013, 06:59:09 AM
 #5993

Ya I have two copies of my paper btc wallets hidden in different places. One is very hidden the other is in my fridge with instructions to anyone who cleans it out upon my sudden demise. But I think I am going to buy a letter/number punch and get my keys down onto metal.

Don't disclose this sort of information on a public forum! It's called security through obscurity for a reason.

Maybe he is trying to lure people into believing it's all that he has, who knows? Wink
He is hoping you will clean his fridge for him.
Cheesy
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October 22, 2013, 01:38:24 PM
 #5994

BTC mentioned at around 21:40
https://www.youtube.com/watch?v=-0G4rIXkEXk#t=21m40s

Supporting people with beautiful creative ideas. Bitcoin is because of the developers,exchanges,merchants,miners,investors,users,machines and blockchain technologies work together.
cypherdoc
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October 23, 2013, 01:59:33 PM
 #5995

Gold collapsing.  Bitcoin UP.
dserrano5
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October 23, 2013, 02:03:25 PM
 #5996

Gold collapsing.  Bitcoin UP.

Gold is not precisely collapsing today Tongue.

cypherdoc
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October 23, 2013, 02:15:50 PM
 #5997

Gold collapsing.  Bitcoin UP.

Gold is not precisely collapsing today Tongue.

if you'd been following since 8/9/11, this has never been about the day to day picture.  

it's been a Big Picture Viewpoint of a major financial global event that has the potential to change the world.

edit:  forever.
cypherdoc
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October 23, 2013, 06:34:21 PM
 #5998

once we get over 230, there will be 0 days in Bitcoin history where the BTC price has closed higher.
derpinheimer
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October 23, 2013, 06:36:09 PM
 #5999

once we get over 230, there will be 0 days in Bitcoin history where the BTC price has closed higher.

Arbitrary..
justusranvier
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October 23, 2013, 07:54:56 PM
 #6000

We'll truly be past the April highs when we post a daily low above $266. Even better will be a weekly low.
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