Thanks, yeah that's what I did in the end. Swept all the private keys twice. Still lost about four bitcoins in the process, no idea where they went to. Bitcoin QT does not register this and still tells me it has all my bitcoins right here. Really well programmed.

This is the second time I lost money with btc. First time I split my btc between my own wallet and some online service called 'mybitcoins.com'. I figured you can't be too careful and I should keep a few with a third party in case I have a fire or get burgled or whatever. Few months later they were all

'Ooh dear , I got hacked and lost all your bitcoins.'

Yeah, fantastic, buddy. Don't worry, though, it's only money, eh?

OK, I still have made more money than I lost and I guess you pay the price for crappy services you get with bitcoin this early. Still feels rubbish to lose money in such a way, though.

Did not work. Now have to try to recover my money from this crappy, broken client. Maybe by messing about importing the wallet someplace else. Maybe dumping the private key. In any case I see this as a huge risk.

In my considered opinion Bitcoin QT is a pile of garbage. You should stay away from it.

I posted the other day about how there should be an option to say no to the 'question' do you want to pay the fee.

I sent bitcoins to myself as I was told to do this when changing the password. There was no option to say no to the 'Do you want money taken from your balance to change password?' so I paid it. I was not pleased, but I was given no choice by this well thought out piece of software.  The fee was taken and never confirmed.

Now I come to actually use bitcoins for something and I cant. Transactions never confirm.

Status: 0/unconfirmed, broadcast through 8 nodes
Date: 29/11/2013 10:52
To: 12HurBGkjRfMH5gAT9FN9uX4kSmZZ9K7XQ
Debit: -1.00 BTC
Transaction fee: -0.0002 BTC
Net amount: -1.0002 BTC
Transaction ID: 14d4f66e7b5095ac808b2bab17525d9a7671d2806630fa3eee0816b70e232a49

ADD AN OPTION TO SAY NO TO THE HORRIBLE FEES.

How much did you lose? There's a thread some place keeping track of all btc that have been lost.

That's great! So if I want to buy a sandwich at subway for a dollar I can do so for the low low fee of....a dollar.

'This transaction is over the size limit. Blah blah blah, um bum blady blah. The fee is about a dollar. Would you like to pay us a dollar to make this transaction?'

Here are the well thought out choices.

'Yes' and 'Cancel'.


Seems to me there's an option missing right there.

Downloaded this client yesterday. It has a bug. It tells me I got 2 more bitcoins than I actually have got. Even the amounts in the transaction window don't add up to what it says I have got.

Bitcoin is no more of a threat to the US dollar than the Euro or the British pound. It is not legal tender and it cannot be used to pay taxes. The Feds probably give a rat's ass about bitcoin.

I really don't understand how MtGox is still the default exchange. What with all you highly skilled technical enthusiasts devoting so much time an energy to the bitcoin experiment. Oh, wait, that would be actual work and not just a circlejerk. My bad.

Bitcoins seem to get pretty well dispersed now, due to the difficulty of creating them and the number of people involved. Creation of new coins should have followed a logistic curve instead of log. Or maybe even in proportion to the number of transactions. That might have been more stable. The whole bitcoin economy is hostage to early adopters periodically removing vast amounts of other people's wealth basically for doing nothing at all.

Still, what's done is done. Not much can be done about it now. But it's something to consider if and when a new currency is designed.

Bitcoin was designed to make people who got in early incredibly wealthy at the expense of everyone else. So, yeah, it's similar to a pyramid scheme. There's another thread on this forum estimating the guy who can up with bitcoin's wealth. Take a look at that some time.

I guess I shouldn't trade in dollars if I didn't read the Federal Reserve Act?

Guess that's what retailers want, eh? People with ideals. No need for that crappy, worthless money.

But here's a thought. If you're not in it for the money you are getting for doing basically nothing at all give all your bitcoins to charity. Oh, but that's right. You need the free money you are extracting from the bitcoin economy to buy nice things for yourself.

If you put real money in you have added something to the project. It is money that attracts investment and retailers. It does not matter if you put the cash in for speculative reasons. The problem is people who put nothing in expecting millions of dollars. Reading this forum they even seem to think they somehow deserve it.

While the bubble callers have been correct so far, I don't think there really was a speculative bubble. I think bitcoin keeps getting crushed under the weight of people who got in early and now want something for nothing.

Let me ask you financial geniuses something. How much of your own money have you invested in the bitcoin project? None? That's what I thought. And that's how much of a crap you give about the bitcoin project. $0 worth. In fact you probably have taken out more than you put in, making you nothing more than a drain.

Yeah, the second crash is as good a time as any to point out that the people who called bitcoin a pyramid scam were right. People who actually contributed something have been taken for a ride. To them bitcoin is a scam. They put real wealth in and were robbed by people who added nothing.

'Dude you have no idea what you are talking about.'

You have no rebuttal, because you know I'm right. There is no difference between a central bank taking people's wealth by printing and you bunch taking people's wealth by knowing about bitcoin early. None at all. You are taking wealth out, leaching it away from people who want to use the bitcoin as a currency. In your position you are acting rationally, nothing to be ashamed of. But if you're honest you know I'm right.

One day this transaction is made.

http://blockchain.info/tx/5d9ef693d41cb3bb4c6d98e70ea8b2cc91be29a804245a06ec8761d9cddc103c

Next day there is a huge crash. Someone cashed out. No conspiracy needed.

'Let me correct you, "who mined millions of bitcoins before anyone else gave a crap about it, and when it was just worthless experiment"
My dear n00bs, you guys should be careful at  https://en.wikipedia.org/wiki/Hindsight_bias'


Guess that must entitle you to extract millions of dollars out of the bitcoin economy, then. Crashing the price, destroying enthusiasm and making the whole thing look like an amateur joke. Which it is. My bad.

Too many bitcoins were given out too easily at the beginning. Whenever bitcoin starts attracting interest there's a huge sell off that drives investment away. I guess the bitcoin economy will keep crashing down until people who got in early can cash out their million dollars.

I don't blame people who got in early, who doesn't want 500k for doing pretty much nothing? It was a design flaw. Not much can be done to fix it now.