I really don't understand the need for so many alt-coins. What purpose could they possibly server that bitcoin is not doing atm? I have often wondered about them but just focus on BTC.
Maybe not all alt-coins are necessary but Namecoin is really cool.
After the last seizures of "wallets" from authorities, I have been wondering about how to prevent them from extracting the passphrase through chemicals and/or torture.
I know there are already a nice set of solutions, which include at least: - Multi-signing - Hidden cold wallets - Pre-signed transaction "bombs" that an accomplice can trigger on a "jailed man switch".
Can you explain me more detailed ? My boss wants to know more about this methods.
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BoardBeginners & Help
Re: Who got first Bitcoins?
by
agent007
on 03/11/2013, 17:12:04 UTC
Satoshi mined the first 1 million bitcoins but he never used them. May be he is already dead and the coins are lost with the private keys or may be he is waiting until one BTC is one tousand USD worth.
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BoardBeginners & Help
Re: i need bitcoin
by
agent007
on 03/11/2013, 17:01:36 UTC
Everybody from here needs bitcoins. Sell something for bitcoins or work for bitcoins.