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Re: [ANN] [XUP] | UPcoin | Dramatically Decreasing Supply | Launched!
http://188.166.101.91:3001/address/UPGXukXCjSMkqH2xBNVYtrHg9ZK6huA6xY
coins moved from burn address
address also staking so priv key never deleted
coins moved from burn address
address also staking so priv key never deleted
He never really said he deleted the private keys. He said he was using Ccleaner to wipe them. Probably very clean and shiny after that....
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
And what have you tried to do?
As i see it you dont do anything but expect others to do it for you with this metod...
What do you mean what have I done?
I'm just a regular guy, I've invested what I can afford to over the last 18 months or so into a speculative investment (bitcoin).
Whenever I've had spare fiat I've bought. I HODL a semi decent stash in cold storage in the hope that one day bitcoin booms & I make a better life for myself. Maybe it'll work, maybe I'll have pissed my money down the drain but I'm trying.
Why what have you done?
I am not talking about what you have done all your life. I quoted something and asked a question about a statement you had. Dont care what else you have done...
You said: "And what have you tried to do?" and then, without waiting for an answer, leapt straight to: "As i see it you dont do anything but expect others to do it for you with this metod..."
Given that, LFC_Bitcoin's reply seems entirely reasonable. Polite and restrained, even. LFC answered your question, and then asked the same question of you.
Did you read what i quoted?
As i understand he meant that putting his coins in cold storage and wait for others to make them valuable was some sort of contribution. It is not only him but many around here that think this way. If everyone did the same with their coins the whole bitcoin experience would be forgotten in a month...
Eveyone can do whatever they want with their coins buit dont tell anyone that you are trying to help out if you only try to help yourself.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
And what have you tried to do?
As i see it you dont do anything but expect others to do it for you with this metod...
What do you mean what have I done?
I'm just a regular guy, I've invested what I can afford to over the last 18 months or so into a speculative investment (bitcoin).
Whenever I've had spare fiat I've bought. I HODL a semi decent stash in cold storage in the hope that one day bitcoin booms & I make a better life for myself. Maybe it'll work, maybe I'll have pissed my money down the drain but I'm trying.
Why what have you done?
I am not talking about what you have done all your life. I quoted something and asked a question about a statement you had. Dont care what else you have done...
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Down we go. I hope this ends soon. Better have stable prices, than the fear of doom. Wonder if I should be looking at an alt coin or just give up. Best thing to do is probably to turn of the pc, forget about BTC, and hopefully be positively surprised in a few years. Cold storage here we go..
Cold storage for 10+ years I think & then hope to see some significant progress then. If not then at least we tried.
And what have you tried to do?
As i see it you dont do anything but expect others to do it for you with this metod...
I don't see how bullets would prevent anyone from cracking your wallet if they had the processing power to do so. In fact, they would not ever need to come in contact with you.
I'm hoping that he was not just stating nonsense, but was rather just trying to show his disapproval of the NSA.Also, think the following: if you are so scared to show that you use Bitcoin, what will happen in the future, when a large part of population will use it?
Will they all pretend to be still using dollars?
Tl;Dr: Bitcoin needs to acquire anonymity features that would be built into the client as a optional (not standard!) option.
The real tragedy seems to be that people simply don't care. Most people out there are clueless, they are updating to Windows 10 and don't give a fuck if it is spying central or not. No one of them is going to go throught the hassle of installing Linux. So you can see where things are heading. Windows 10 will be the most used SO in the planet in no time and anything that runs under it will be at danger, including Bitcoin.
People has no sense of privacy anymore, just look at how huge instagram and so on is.
About Windows 10 http://bgr.com/2015/07/31/windows-10-upgrade-spying-how-to-opt-out/.
I guess Linux is the only option now...
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Economists have know for 500 years that a currency must have some inflation, otherwise people will hoard it and it will not be available for use as a currency.
During the past 500 years, there were long periods of effectively zero inflation where economies boomed. In the industrial revolution in Britain, for example.
Also, I don't think there was such a thing as an economist 500 years ago.
Gold and silver coins kept the price for a pint steady as a rock for hundreds of years.
Gold and silver has been the most trusted currency for a long time and it is inflationary. There will always be a supply of new gold and silver. Unlike fiat there is nobody that can manipulate the inflation of gold and silver.
A crypto could have a built in inflation that simulated gold and silver.
Re: [ANN][PHR] #PHREAK [YOUTUBE-VIMEO STREAMING/VOICE WEB SERVICE]
So people bought ICO @100, dumped @101 and all the wall @100, price went to 40, and now is back to 100?
With the effort they put to bring it to 40 and back to 100 PHR should be at least @300 now.
people want a profit in 1-2 hours.. With the effort they put to bring it to 40 and back to 100 PHR should be at least @300 now.
1-2 hours? Observing the troll box after the ICO ended it looked to me like they wanted profit in 1-2 minutes...
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
People would still spend a currency even if they knew it would go up in value forever because nobody lives forever. They just wouldn't spend it frivolously. That's a bad thing? We all need billboard-sized flat screen television sets and a new car every two years?
This.
The consumerism economy that cheap money has created is ridiculous. Let's waste as much of our planet's resources as we can so that we can turn them into something we use for 5 minutes then throw away.
Investing so that your money is working for you? This creates a large part of society that is just living off of money working for them. That is not productivity, that is a drain on society.
As someone who actually lives on Bitcoin and from what I have heard of others who are doing the same, we spend our money on things that matter and don't waste as much money on frivolous things. Personally I have found it very freeing to not care about "stuff" anymore. Everything I own can fit inside a backpack and suitcase (other than my very economical car). I see posts on Facebook of some "cool" product followed by tons of posts of "I want!". While I look at it, think it's kinda clever and have no care for acquiring it. I spend most of my money on living life. I travel to a new country at least once a month. Collecting experiences as opposed to things. Enjoying people instead of possessions.
I feel bad for my co-workers who all have 6 figure incomes who are always complaining about not having enough money, and credit card bills and all of this debt. While they drive high priced cars (with insane gas bills), constantly have packages being delivered with new goodies and expensive places to live.
We share the view of this consumerism that is so popular now. I am like you and only buy what i need and never buy a gadget just because it could make me cool.
Investing is so much more than what you belive it to be. When i look out my window i see a fish farm. Someone has invested their money and created a work place for a lot of people producing food. Nothing is more important than food and those people are doing the most important work on the planet. No job is more important than producing food. Think about that when you see a farmer...
Without that first investments there would be no fish farm and no jobs and no food. Why would the guy who started the fish have done it if he could just sit back and earn money by just having them?
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Can you imagine a design of cryptocurrency that would be to your liking, or is the concept as a whole damned to failure in your mind?
Hopefully that negative interest would be enough to dissuade hoarders and speculators.
Most of this forum think the inflation of fiat currencies is a bad thing and that bitcoin has solved a problem with its fixed supply. They dont understand that inflation is a very important tool to keep investments going.
Imagine your national currency without inflation. The money you have in your pocket would never loose value. Seems nice if you dont have a lot of money but what happen if you had a lot of money. You could just hoard the money and live of ot for the rest of your life. There would be no interest in investing to make more money since investing is a risk.
With todays inflating fiat there is no point in hoarding money. Your money supply loose value if you just hoard them. You have to get the money out there and work for you. Either by investing or putting them in a bank and let them invest for you.
A fixed supply economy like bitcoin would be the end of investing. Why invest if you can just hodl to increase your holdings.
Perhaps you didn't read up where I explained that "hoarding" is savings and it is absolutely essential for a healthy economy. If there is no incentive to consume less than one produces, an entire economy's wealth is stagnant at best and consumed in one generation at worst. We are currently watching this play out on a global scale.
It's laughable to claim that there would be no investing with a deflationary currency. The late nineteenth century in America saw prices fall almost everywhere and a massive increase in the standard of living. People would still spend a currency even if they knew it would go up in value forever because nobody lives forever. They just wouldn't spend it frivolously. That's a bad thing? We all need billboard-sized flat screen television sets and a new car every two years?
You must separate normal working people and rich people as i tried to do. Buying a new television is not investing. Building a sky skraper is investing.
Inflation gives those with a lot of money a push to get their money invested somewhere or it will loose value. A fixed supply coin like bitcoin is not good for investing but for holding. If we imagine a future with mainstream use of bitcoin it would be better to hold your bitcoin than to use them. The more you hold the more you earn because the value only goes up. Only stupid people would invest money they know would increase value into anything that might be risky. Thats why national banks will force inflation to the right level. To low inflation would ruin the economy since all investments stops. To high inflation is also bad since it makes people swap their money for something that will hold value and nobody invests.
The fixed supply of bitcoin is only good for speculation like this thread is about. Knowing what the supply is and what it will be in the future makes it easier to do the right moves when you trade.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Can you imagine a design of cryptocurrency that would be to your liking, or is the concept as a whole damned to failure in your mind?
Hopefully that negative interest would be enough to dissuade hoarders and speculators.
Most of this forum think the inflation of fiat currencies is a bad thing and that bitcoin has solved a problem with its fixed supply. They dont understand that inflation is a very important tool to keep investments going.
Imagine your national currency without inflation. The money you have in your pocket would never loose value. Seems nice if you dont have a lot of money but what happen if you had a lot of money. You could just hoard the money and live of ot for the rest of your life. There would be no interest in investing to make more money since investing is a risk.
With todays inflating fiat there is no point in hoarding money. Your money supply loose value if you just hoard them. You have to get the money out there and work for you. Either by investing or putting them in a bank and let them invest for you.
A fixed supply economy like bitcoin would be the end of investing. Why invest if you can just hodl to increase your holdings.
Re: [ANN][PHR] #PHREAK [YOUTUBE-VIMEO STREAMING/VOICE WEB SERVICE]
"learn phreaking techniques while staking" what? From the 70's?
what? From the 70's?Had some fun with it in the 80´s too but digital phone lines took over. Opening permanet lines from payphones was pretty cool...
There id no such term as 'lost forever' for bitcoin. Because private key is shared by many people. Someone may have the pk of satoshi wallet by 2050.
Nope. The whole premise of Bitcoin is that the probability of that happening is so small that it is virtually zero.
A low probability does not mean it will not happen because it will. The more user of bitcoin there is the more often will this happen.
I would guess that a lot of computers are adress mining today. Eventually they will find something worthwhile.
Everytime someone gets poorer by losing coins, we all get richer because we now own a larger percentage of the total amount of bitcoins that will ever be created.
There is no way of knowing how many coins are lost so i dont think it will affect the price. Total market cap of bitcoin will always be based of the total number mined and that is the number the market look at. Lost coins are just lost and nothing else...
You gotta factor the obvious up and down rates, so I say you need a sizable sum.
Maybe like 4-5,000 coins minimum.
Incase if you see the rate ever go back down to where it is now.
Maybe like 4-5,000 coins minimum.
Incase if you see the rate ever go back down to where it is now.
So if you want to be a millionaire, you already need to be one. That is most definitely the shortest route indeed.
Everyone should know that the fastest way to get a million is to start with two...
Re: I've been scammed 5.5BTC. What will you do when your Bitcoin get scammed?
I think there is nothing we can do if we got scammed for that purpose here some hero members are providing escrow services better we use it to not be scammed again.
Yes, there is something you can do. I don't understand why people think the irreversibility of Bitcoin is a plus. The thing you can do is start making purchases using a credit card or debit card or payment service like Amazon Payments. All of those have fraud protection.
Reading about what Satoshi had in mind for bitcoin would support that. He says that a lot of transactions dont need the trust of a standard payment system like credit cards and we could use something different for that. So if you realy trust the one you are sending your money to you could use bitcoin. Or if the price of something is so low that you dont care you just use bitcoin.
i can make money from gambling
you can make money with gambling if you are 100% sure winner all the time, but if not, then it's not a good way of growing your bitcoins
Well you dont need to win 100% of the time to be a winner in a real life casino, you only need to push the percentage in your favor to about 51% and have deep pockets to withstand some bad luck.
don't you think if its just 51% winning is just break even?
maybe 75% wins that will make money
but again, it's based on chance and luck. not my cup of tea
If there was no house edge, you should break even.
When you go to Primedice, you should notice that at 2x payout the win chance is 49.5%. This is because Primedice has an 0.5% house edge, and this is why it is not profitable to play Primedice in the long term.
I am not interested in growing my bitcoin through gambling,
But for curiosity what role has this house edge that you have mentioned?
How does it affect in your earnings in this case for long term
It means that out of 100 bets with 50% chance you will lose 49.5 bets and lose 50.5 bets when house edge is one percent.
At 2x payout you will have a chance of 49.5%, which is a house edge of 1%, not 0.5%.
I'm no pro, so someone correct me when i'm wrong.
This and that is why you need to push your winning percentage, in order to have an edge over the house. You also need deep pockets in order to withstand losing streaks; this is one of the reasons why people with a winning method eventually lose to the house.
Some of the games in a real life casino in which you can obtain a edge against the house are: blackjack, roulette and craps.
You can never get an edge over the house in blackjack or roulette. Only stupid people think that. In blackjack you can play perfect and lower the house edge. In roulette there is a fixed edge and no way to change it. Roulette is pure luck and nothing else.
If you want to have an edge and win because you are skilled you have to choose poker. Poker is pure math and if you play correct you will in in the long run. Gamblers dont do good in poker since they lack patience.
Craps use dice so it is pure luck there to.
Sites where you can play dice is also a waste of time and monney. Just throw away some money and save the time.
With no charge-backs it has less of a cost to accept bitcoin than credit cards so places could offer a slight discount for it to entice consumers to use bitcoin.
No chargeback is a bad thing for consumers who loose the safety credit cards offer. If consumers prefer the safety of credit cards then the merchants will ignore bitcoin.
Bitcoin must offer something that benefit people before they want to use it. No such benefit exist today and therefore there is no interest in bitcoin.
What is a credit card? It's a payment processor for fiat transactions. Well then there will be payment processors for bitcoin transactions much like bitpay that can offer protection against this.
You are right. A credit card is just a payment processor and the underlaying currency is not very interesting. I dont care what the underlying currency is called. I only care about how i can use it and if it is accepted wherever i need to spend my funds.
At the moment there is nothing with bitcoin that makes it better than my current payment processor and therefore is will not get used.
What about identity theft? Everytime you pay with your credit card the merchant has to secure all the information you have to give.There is a reason why brands like Target, Sony, Home Depot, Asley Madison attract hackers like flies.
Credit cards are working as a pull mechanism. With all that data hackers can empty your account very easy or sell your in deepweb and other criminals use your datas to do some other bs.
Bitcoin is working as push mechanism. No one can withdraw from your wallet without the private keys from your public adress.
If that is not a big advantage I would ask myself what else.
First: Is the targets of this mainstream adoption very conserned with those questions?
Second: If someone hacked a site and got my credit card info i just reported it and i would get my money back. Also for bitcoin to be usefull for most people you have to use online wallets. Then you get the same problem with hacking, but no chargeback to save your ass.
I have MyCelium on my Android and MultiBit HD on my computer. None of those can handle the exchange rate you need for mainstream use. There is no way around using online wallets and a 3rd party to handle the transaction volume. Just imagine several millions of transactions every hour on the blockchain...
i would love to use linux but my wifi stick doesnt have the drivers for linux
I bet there are drivers around. Sometimes you have to search to find out what hardware you have and not what it is labeled with.
On my reserve laptop the wifi use intel drivers in windows but it was produced by broadcom so i had to get broadcom drivers to get it working in linux.
About linux security... I have an old laptop with ubuntu. It is formated corectly with a partisjon for each user level and cryptated. I have lost the password and it is impossible to get in. No live cd can start and it is no way to get to the disks. Even a mini linux on a usb stick cant read the disks.
Do you need to recover the files, or do you just want the laptop working again?
You should be able to just use a program like dd to clear out the disk, and then you will be able to install an operating system again.
Everything important was backed up on an external disk so my data was safe. I have not checked if gparted can read the partisions yet but i think it should. I do have a bit of fun trying to get acces to the disks.
I have tried to secure a disk in windows but every live cd was able to read it. Dont get why linux is so much better at this.