Bitcoin discussion and news
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panpete
Blokes name, birds body.
So, does that mean that tor is not as secure as people think, and people who want real privacy go elsewhere, other than tor?
thanks
grit
an ugly force for good
Every approach has a different weakness, nothing is 100%. The issue with thor is that there is a large amount of implicit trust to unknown parties.
Sorry don't get me wrong, i find your posts informative. But jesus man, can you put some full stops in between phrases.
There's no such thing as 100% privacy.
Sorry kids. If you've been doing something really, really naughty, the authoritis could throwh the budget at the wall and tart following the links. I don't thinik we're in the company here of people that actually warrent that sort of expendidutre though. Personlly I'd write in code and do sneaker net stuff to swap one time pads with known trusted parties if I were in the business of bringing down the government. Which I'm not. I'm too lazy and stoopid.
Sorry kids. If you've been doing something really, really naughty, the authoritis could throwh the budget at the wall and tart following the links. I don't thinik we're in the company here of people that actually warrent that sort of expendidutre though. Personlly I'd write in code and do sneaker net stuff to swap one time pads with known trusted parties if I were in the business of bringing down the government. Which I'm not. I'm too lazy and stoopid.
Love how this thread is so much more popular after the rise in value.../capitalism..
This is computer forum yo. We buy Apple or slag off those that do and everyone wants their new shinies or shit for free.
What does that even mean. I dunno. Ignore me.
Kanda
Diving wanker
This is computer forum yo. We buy Apple or slag off those that do and everyone wants their new shinies or shit for free.
What does that even mean. I dunno. Ignore me.
Don't buy Apple.. the mods don't like it!!!
King Biscuit Time
Well-Known Member
Is there anywhere online that I I can trade BTC? I have a couple of tulip bulbs, some stock in The South Sea Company and a tiny one bedroom flat in a new development to offer if anyone is interested?
Idaho
blah blah blah
Do some reading about the protocol and how it works KBT. Yes there are elements of a bubble at work, but it seems that those who make comments like yours don't really understand what bitcoin can do over existing currencies.
How long have people been trying to work out a micro payments system on the Internet? For example...
How long have people been trying to work out a micro payments system on the Internet? For example...
King Biscuit Time
Well-Known Member
Sorry Idaho, I wasn't really making too serious a point - I agree there are key differences between this and a lot of bubbles, but then a key component of any bubble is an element of novelty (apart from the last UK housing boom).
A very (in worldwide terms) small number of people are using BTC to buy drugs and guns. This will be dwarfed by the number of people who now read an article in the mainstream media and decide to dip their toe it. They're not buying BTC because they want them or need them, in fact, they have no use for them beyond selling them on in the future*. Seems like a bubble to me. But that's not to say there's not money to be made.
* I guess you could say the same about gold, but the lack of a physical item makes the value of BTC seem even more ephemeral to the casual investor. I reckon when BTC drops, it's gonna drop hard and for a long time.
A very (in worldwide terms) small number of people are using BTC to buy drugs and guns. This will be dwarfed by the number of people who now read an article in the mainstream media and decide to dip their toe it. They're not buying BTC because they want them or need them, in fact, they have no use for them beyond selling them on in the future*. Seems like a bubble to me. But that's not to say there's not money to be made.
* I guess you could say the same about gold, but the lack of a physical item makes the value of BTC seem even more ephemeral to the casual investor. I reckon when BTC drops, it's gonna drop hard and for a long time.
Idaho
blah blah blah
The dotcom bubble had lots of speculation and lots of lame ducks. However, it went on for five years! And at the end of it, we got some of the largest companies in the world.
Yes bitcoin may not be *the* one. But the Internet is going to create a new currency and a new way of transacting. If it is btc, I'm happy to take a punt and be in near the ground floor. If I lose my stake, so be it.
Currently, yes the spending options are limited. But there is a circle of take up, recognition and acceptance. It's still early days.
Yes bitcoin may not be *the* one. But the Internet is going to create a new currency and a new way of transacting. If it is btc, I'm happy to take a punt and be in near the ground floor. If I lose my stake, so be it.
Currently, yes the spending options are limited. But there is a circle of take up, recognition and acceptance. It's still early days.
Idaho
blah blah blah
We've long since gone beyond money being an abstract and notional shared fancy. The only real difference with Btc is that it's new and unproven. It's no more a shared fancy than most other currency. The other difference is that unlike the yen, the supply of currency can't be arbitrarily increased 5%.
ExtraRefined
Better than you at everything you love
This is the classic example of a paper currency, not backed by government, being widely accepted as having value;
http://en.wikipedia.org/wiki/Swiss_dinar
Boris Sprinkler
Dont be scared
Look after your wallet. There is a guide here: https://en.bitcoin.it/wiki/Securing_your_wallet
It is a bit overkill in my opinion, but that may be Since I have little invested in bitcoin. As an example. I am taking backups of my wallet this can be found:
Depending on your OS, the wallet file will be located at:
Windows: %APPDATA%\Bitcoin\
Linux: ~/.bitcoin/
Mac: ~/Library/Application Support/Bitcoin
and then I am placing these in a encrypted file that can only be opened with a password and a specific keyfile.
Boris Sprinkler
Dont be scared
yes.
But what happens when you lose that drive. Best to have it back up elsewhere too. My local PC I am considering to be secure. So it is fine for me. I also have it stored in the cloud too (encrypted natch).
But what happens when you lose that drive. Best to have it back up elsewhere too. My local PC I am considering to be secure. So it is fine for me. I also have it stored in the cloud too (encrypted natch).
ExtraRefined
Better than you at everything you love
Bitcoin wallets are a special case backup. Most stuff you either need to be private (account passwords, bank statements) or resilient (photos) but not both; if you forget your passwords they can be reset, and if someone else gets a copy of your photos you probably don't care.
Bitcoin wallets have to be kept private AND can't be lost. Making lots of backups makes data less private unless you use a strong password all the time, in which case it's less resilient as you can forget it.
Bitcoin wallets have to be kept private AND can't be lost. Making lots of backups makes data less private unless you use a strong password all the time, in which case it's less resilient as you can forget it.
Boris Sprinkler
Dont be scared
Hence the iteration that it should be encrypted.
Sunray
Its sunny somewhere.
Err bollocks because thats not an exchange' thats a seller. Exchanges, the users set their price and if the exchange upped the price they'd not make any money from it, the seller would and would also wonder how the fuck their ask price was different to what they entered.. Thats how mtgox and all exchanges around the world work. They charge a small %.
Sellers can charge what ever the ylike for something. If people are willing to pay it, that's gives what you are selling its worth. Exchanges aggregate this and show the range of values. Helps you set the price to a value it may well sell at. You can go long, nothing to have stopped you putting an ask on mtgox for btc for $200 years ago. It will sell when someone pays.
Sellers can charge what ever the ylike for something. If people are willing to pay it, that's gives what you are selling its worth. Exchanges aggregate this and show the range of values. Helps you set the price to a value it may well sell at. You can go long, nothing to have stopped you putting an ask on mtgox for btc for $200 years ago. It will sell when someone pays.
junglevip
Marijuana leads to heron
It didn't ring true to me but I posted it anyway in the interest of balance. Pretty soon there are gonna be some scare stories doing the rounds.
My prediction:
One of the exchanges will crash and that and only that will be headline news. Value will drop by %75 and take three months to recover. If this happens then I might be able to afford some Trouble is I bet they hit $500 before it happens
My prediction:
One of the exchanges will crash and that and only that will be headline news. Value will drop by %75 and take three months to recover. If this happens then I might be able to afford some
Trouble is I bet they hit $500 before it happens
Boris Sprinkler
Dont be scared
but Steve Gibson is an idiot.
junglevip
Marijuana leads to heron
Its warming up a bit
http://www.telegraph.co.uk/finance/...most-interested-in-Bitcoin-searches-show.html
http://www.telegraph.co.uk/finance/...most-interested-in-Bitcoin-searches-show.html
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