Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Ragnar Danneskjold
on 11/09/2014, 20:32:26 UTC
Lol. Re: girlfriends - mine kept saying 'what if it's not really open source? What if it's a plot by *insertshit*.

I would say 'no look, here is the source code. Look. It's there. That's it. That's what it is. I can see what it is and what it will do.'

More frustrating than the bear market tbh!

I would say to mine "No one can stop you transacting Bitcoin and there is no power on earth that can take your coins from you if you store them properly. You can walk with impunity through any customs port in the world. Bitcoin will make mockery of capital controls. Someone just transacted $20,000,000 in a few minutes and paid no fees". She would respond "that's very good my dear...... Where do you want to eat tonight".

Ragnar

NSA back door discovered on all iPhones direct from factory! The scope of these NSA intrusions are not even known yet... do NOT believe you are safe because you have android phone. the NSA will be able to seize your coins under almost any circumstance, if they wish to. maybe some of the hacks are NSA thefts? how do you know they are not?



Not if they don't have your keys. As you should know it is (for all practal purposes) impossible to hack an offline wallet. Take all the computer power in the world and dedicate it towards deriving a private key from a public key and it could not be done in millions of years. Bitcoins on my phone or my online computer, I grant, can be vulnerable as is cash in my pocket. So what? Even offline they can be vulnerable to old fashioned physical theft. So what. Memorize an appropriately long password. Don't write it it down or tell anyone what it is - though you could perhaps engrave it on a stone and hide it in the Forrest leaving a cryptic map with a trusted or feeble relative - and your bitcoins are safer than anything else that you own.

Ragnar