I had this nutty idea the other day to use a rasberry pi to run an offline myetherwallet. I'm wondering if the native os that it uses would be less likely to get infected with spyware.

Also, what is the risk of infecting an offline wallet with a usb stick? Other than using a fresh usb stick every time, what are some ways I can mitigate that risk? Can I somehow nuke the usb before using it again?

Hi, I'm looking for some kind of software that I can use to keep track of my bitcoin and other crypto trades.

Basically what I want is to be able to enter buys and sells, and then have the software keep track of my gains according to LIFO (last in first out).

So for example, let's say I buy $100 in BTC every month for a year, then I sell $500 worth the next year. I want the software to tell me what my gains are.

Does anyone know of anything like that?

I want to get on board with Cashaa, but it says if you're from the US you have to be an accredited investor. There's this little box you have to check. Do they actually look into it, or is it just a legal thing? If I'm not an accredited investor, is it legal for me to buy Cashaa?

Maybe maybe not. Gold as a currency is already highly undervalued due to the simple fact that it's useless for anything but face to face transactions. Here in the very, very near future, face to face transactions will be virtually unheard of, with most retail going to online. And what retail is left over, such as perishable goods at grocery stores, will still use digital currency, as the checkouts will not be manned. It's also likely that you will reserve your purchases online, pay for them, then pick them up at the store. The era of large retail spaces is going to be a thing of the past, and in the future retail stores will take products directly from stockroom to customer, likely with some kind of automated fulfillment system.

So if you have a digital currency that can't be inflated, then gold loses its function as a store of wealth.

Makes perfect sense. Thanks.

Okay, hypothetically, let's say that bitcoin, or a similar cryptocurrency, is going to become the global currency that will replace all national currencies...

Could a global government, like the UN, build a server that would handle all the transactions, thereby making it impossible for private servers to turn a profit? It appears to me that bitcoin mining is becoming more an more centralized due to the increasing demands of staying competitive. Whereas a person could mine bitcoin on their laptop a few years ago, now they have to have very sophisticated purpose built servers and cheap electricity just to stay in the black.

So in the future, will bitcoin mining become so sophisticated that only a centralized entity will be able to handle it?

What I'm thinking is that if we get to that point, then the transaction fees will essentially be the equivalent of taxes. Has anyone ever proposed that scenario before, or am I way off base here?

ETA: Part of what got me thinking about this is that supercomputers are on the horizon. Could the UN simply come in with a highly sophisticated super computer and completely take over bitcoin mining?

I'm in the USA.

So the only thing that could keep it going at that point is if the UN got together and took over the mining duties. Would that keep bitcoin going without crippling fees? Or was bitcoin simply designed to fail at a certain point?

Okay, so let's say bitcoin replaces all the world's currencies, and everyone around the world starts using bitcoin for everything.

Okay, so bitcoin is now being used by everyone who can use it. I mean, everyone with money has already converted their money to bitcoin.

How does the blockchain network stay up and running? With no new growth, what incentive will people have to mine bitcoin?

You can lose your money? What happens to it?

I'm thinking way past that. What I'm wondering is if in the not to distant future (say the next 10-20 years) gold will no longer be used as a store of wealth period, in which case it wouldn't be an investment at all. I mean a scenario in which governments no longer used it to back currencies, it was no longer hoarded, and the only people interested in it were solely interested in its usefulness for electronics and jewelry.

As said earlier, I'm brand new to bitcoin and feel like I'm having a red pill moment as I learn what bitcoin is and what it can do. I'm now asking myself if gold is even still relevant. The purpose behind gold was that it was a store of wealth that couldn't be manipulated by inflation, couldn't be counterfeited, etc.

Well, bitcoin can apparently fulfill all of those conditions that gold can, plus it's liquid and nonphysical, meaning I can use it to instantly purchase something from the other side of the planet. Doing that with gold will always require using a fiat currency. Even if gold were to become the currency again, like in ancient times, purchasing goods online would always require using gold notes of some sort, and gold notes were THE original fiat currency, and are perhaps the most vulnerable form of money there is in terms of inflation and counterfeiting.

So in light of blockchain technology, I'm seeing gold being worth no more than its value as a commodity. What do yous guys think?

So I finally got my bank account verified on Coinbase and bought my first bitcoin, and now it's telling me that it will take 10 days for the transaction to go through. Why so long, and is there a faster method?

Wait, so everyone doubles their bitcoins every time there's a fork? How often are there forks?

Yea, that was my thought, was that anyone willing to pay nearly double must be laundering money.

So what's stopping a person from buying bitcoin on coinbase and then selling them for nearly double on Paxful???

So with Breadwallet I will be holding my own private keys, which means if my phone dies then my Bitcoin is gone. But if I hold my own keys, then I get free coins if there's a fork in the blockchain? How does that work?

And with Blockchain, I do not hold my own keys, which means if my computer dies I do not lose my coins, but I do not get free coins if there's a fork. If I'm only holding a few hundred dollars at a time, is not getting free coins going to be a serious amount of money?

Is this stuff really as complicated as it seems?

So if I'm using breadwallet and my phone dies or gets lost or whatever, does that mean my bitcoin are gone?

Is there any way to get around the 4% fee? I would preferably like to use paypal or a prepaid credit card. I'm not quite sure about giving my actual credit card to them. I thought that was the whole appeal of Bitcoin was the anonymity.

So what would possess anyone to pay those fees? Hell, I don't think money laundering fees are even that high. It's like these people think they're the bitcoin mafia or something.

I'm just now starting to pay attention to Bitcoin, and I've been watching a lot of youtube vids and reading a bunch of articles. I've come across a lot of stuff like "how the bitcoin bubble will burst" and crap like that, and they all point to a new Mt Gox disaster as the scenario where Bitcoin is going to burst in the future.

My first thought when I read about the Mt Gox thing though was, "wow, I can't believe Bitcoin bounced back from that. I've gotta get in on this."

My thought is that is if something that bad ever happened to the USD or Euro they would never recover. Is that a fair comparison? I just wondered why no one else has come at it from that perspective before.