Vice Underdogs

Discussion => Debating Board => Topic started by: Skirmant on July 31, 2012, 02:21:00 pm

Title: BitCoins - Currency of the future?
Post by: Skirmant on July 31, 2012, 02:21:00 pm
(https://viceunderdogs.com/proxy.php?request=http%3A%2F%2Fbitcoinme.com%2Ffiles%2F5513%2F0526%2F2891%2Fbitcoin-225.png&hash=bc5fecf01530ac995c90136a2abfd41a)

Just a week ago I was surfing trough the net and encountered BitCoins (http://en.wikipedia.org/wiki/Bitcoin) or BTCs. At first it seemed like a scam that's too good to be true. But the more I looked into it, the more in-genius the project seemed.

To put into context BitCoins are a cryptographic currency that's maintained by special open source P2P software (http://bitcoin.org/clients.html). It has it's own value (http://bitcoinwatch.com/) and it is not tied to any other currency or resource. There's none in-charge, no main server and BTCs are produced by a predefined rate (http://4.bp.blogspot.com/-x658ETMh4Do/T_Q-Pku2eWI/AAAAAAAAA2w/os95hPDKNVM/s1600/740px-Total_bitcoins_over_time.png). To use it you don't need to register, it requires no usernames, emails or passwords. All transactions are done trough special addresses (https://en.bitcoin.it/wiki/Address) which are anonymous and untraceable (http://www.guardian.co.uk/technology/2011/jun/12/bitcoin-online-currency-us-government). Your addresses and BTCs are literally saved on your computer. It's designed so it would make it impossible for anyone to forge BTCs or abuse the system in any other way. Although assuming that your BTCs are stored on your computer it does make theft fairly easy :P

Currently it's mostly used for purchasing of illegal guns and drugs on websites such as silkroad (http://en.wikipedia.org/wiki/Silk_Road_%28marketplace%29) lots of stuff (https://www.spendbitcoins.com/places/).

Some useful links and videos bellow.

Community:

Original concept (http://bitcoin.org/bitcoin.pdf)
Official website (http://bitcoin.org)
Official forum (https://bitcointalk.org)
Official wiki (https://en.bitcoin.it/wiki/Main_Page)
IRC channels (https://en.bitcoin.it/wiki/IRC_channels)

Exchanges for buying, selling and trading:

BitStamp (https://www.bitstamp.net)
BTC-e (https://btc-e.com/)
BTCChina (https://vip.btcchina.com/)

Exchanges for buying, selling from/to individuals:

LocalBitcoins (https://localbitcoins.com/)
bitcoin.de (https://www.bitcoin.de/en?cr=1)

Easy to use clients and online wallets:

Electrum (http://electrum.org/)
Blockchain Wallet (https://blockchain.info/wallet)

For monitoring value and overall ecosystem:

https://blockchain.info/ (https://blockchain.info/)
http://bitcoinwatch.com/ (http://bitcoinwatch.com/)
http://bitcoinwisdom.com/ (http://bitcoinwisdom.com/)

Videos:

http://www.youtube.com/watch?v=YEvDffKulgc

http://www.youtube.com/watch?v=w4HGVJjqDVk

Technical videos:

http://www.youtube.com/watch?v=Y-w7SnQWwVA

http://www.youtube.com/watch?v=Lx9zgZCMqXE

What do you guys think? Could this be the internet's currency of the future?

I'll keep expanding and updating the topic as time goes on.
Title: Re: BitCoins - Currency of the future?
Post by: XGamer on July 31, 2012, 08:33:31 pm
Wow, nice.

MONEY is good.  ;D
Title: Re: BitCoins - Currency of the future?
Post by: GangstaRas on August 01, 2012, 01:06:18 am
i swear these 1st world countries......the way i see it, they'll stop at nothing to make the movie surrogates a reality some day if they keep this shit up
Title: Re: BitCoins - Currency of the future?
Post by: Skirmant on August 01, 2012, 09:24:34 am
i swear these 1st world countries......the way i see it, they'll stop at nothing to make the movie surrogates a reality some day if they keep this shit up

heh.. I liked that movie. But I don't see how digital currency = cyborgs :P
Title: Re: BitCoins - Currency of the future?
Post by: Deso on August 01, 2012, 11:18:42 am
Nuka-Cola Bottlecaps for the win!
Title: Re: BitCoins - Currency of the future?
Post by: ferrari32 on August 01, 2012, 02:07:40 pm
**buys a black market machine gun**
Title: Re: BitCoins - Currency of the future?
Post by: XGamer on August 01, 2012, 02:27:22 pm
How to know what's my address? i want to get some coins.  ;D
Title: Re: BitCoins - Currency of the future?
Post by: Skirmant on August 01, 2012, 03:31:13 pm
How to know what's my address? i want to get some coins.  ;D

Just pick a client http://bitcoin.org/clients.html start it up and you should be able to generate addresses manually.
MultiBit is by far the best choice IMO
Title: Re: BitCoins - Currency of the future?
Post by: GangstaRas on August 01, 2012, 03:47:35 pm
i swear these 1st world countries......the way i see it, they'll stop at nothing to make the movie surrogates a reality some day if they keep this shit up

heh.. I liked that movie. But I don't see how digital currency = cyborgs :P

it doesnt directly but im saying as technology improve and ideas like this come about to let ppl sit more on their asses at home, cyborgs will be that luxury in years to come
Title: Re: BitCoins - Currency of the future?
Post by: Charley on August 26, 2012, 08:25:38 am
One of the things mentioned about Silk Road and its implementation of BitCoins is that it is tied, in some way, to the US dollar. This is essential really. If the 'currency' is to grow to a size whereby it is commonly used, then it would have to have all the checks, balances and controls that any other currency in the world has. The relationship between value of goods/services and the amount of real money spent would be incredibly volatile if there weren't.

My opinion is that no, this isn't the currency of the future, there are 1000 reasons why it wouldn't work.
Title: Re: BitCoins - Currency of the future?
Post by: Skirmant on August 27, 2012, 03:57:21 pm
One of the things mentioned about Silk Road and its implementation of BitCoins is that it is tied, in some way, to the US dollar. This is essential really. If the 'currency' is to grow to a size whereby it is commonly used, then it would have to have all the checks, balances and controls that any other currency in the world has. The relationship between value of goods/services and the amount of real money spent would be incredibly volatile if there weren't.

My opinion is that no, this isn't the currency of the future, there are 1000 reasons why it wouldn't work.

Good point! But this does not mean that BitCoin itself is tied to the dollar directly.
As insane as it sounds it is believed that if the dollar were to inflate, BTC unlike any other currency would not be affected.

(https://viceunderdogs.com/proxy.php?request=http%3A%2F%2Fupload.wikimedia.org%2Fwikipedia%2Fcommons%2Fc%2Fc6%2FBitcoin_exchange.png&hash=456d4f1de41b85aeccf0a2bcf7875316)

The real reason why silkroad ties BitCoins to dollars is the fact it's currently too unstable. If you're selling a an apple for it's widely accepted price of X BTC and a day after the buying power of BTC fell 30% you would get screwed over with only 70% of the buying power you originally intended to get in exchange.

What's so attractive about bitcoins is the fact it solves many problems of 'real' currencies.

And yes, it has too many flaws for a physical currency. But for something that would be used for teh internets it's obviously better than paypal.

I would love if it you shared some of the 1000 reasons why it wouldn't work :P
Title: Re: BitCoins - Currency of the future?
Post by: ferrari32 on August 27, 2012, 07:41:51 pm
Skirmant, everything can be forged, trust me.
The fact they're untraceable just helps people to hack them.
Title: Re: BitCoins - Currency of the future?
Post by: Skirmant on August 28, 2012, 05:50:20 pm
Skirmant, everything can be forged, trust me.

That may be true, but I think you're confused what a BitCoin is. The truth is it doesn't virtually exist :P

Every dedicated client has a log that documents every transaction ever made (currently 2GB).  When you want to send someone a BTC every client reviews their logs to make sure you actually have funds to do so. And if you do, the transaction is approved and BTC are "sent" (everyone's logs get updated).  It's a lot like a torrent.

The fact they're untraceable just helps people to hack them.

That's not true. If IP's were public then hackers would know which computers had the most wealth and attempt to target them.


The system itself was reviewed by 100s of thousands of IT experts by now and has been debated for the last 4 years.
No efficient vulnerabilities were ever found. But there are some unsolvable issues :-\
Title: Re: BitCoins - Currency of the future?
Post by: ferrari32 on August 29, 2012, 07:38:16 am
Skirmant, everything can be forged, trust me.
That may be true, but I think you're confused what a BitCoin is. The truth is it doesn't virtually exist :P
Think of it like a geme's exe file, the company issues out a real deal, yet hackers create their own version to tinker with the game. Yet, a game exe doesn't virtually exist :P
Title: Re: BitCoins - Currency of the future?
Post by: Skirmant on August 29, 2012, 10:31:55 am
Think of it like a geme's exe file, the company issues out a real deal, yet hackers create their own version to tinker with the game. Yet, a game exe doesn't virtually exist :P

A BitCoin is not a file located on your computer that you can edit. It's an agreement between every dedi client on the planet that YOU HAVE it. That's based on the history of all transactions. It's a remote concept that has no direct way to be influenced. Can you see why forging is impossible now? ;)

And game developers don't give a shit about exe files. They know that players like to play their games without inserting a DVD each time :S
Title: Re: BitCoins - Currency of the future?
Post by: ferrari32 on August 29, 2012, 11:02:13 am
Think of it like a geme's exe file, the company issues out a real deal, yet hackers create their own version to tinker with the game. Yet, a game exe doesn't virtually exist :P

A BitCoin is not a file located on your computer that you can edit. It's an agreement between every dedi client on the planet that YOU HAVE it. That's based on the history of all transactions. It's a remote concept that has no direct way to be influenced. Can you see why forging is impossible now? ;)

And game developers don't give a shit about exe files. They know that players like to play their games without inserting a DVD each time :S
Still it's located in a settings folder.
Title: Re: BitCoins - Currency of the future?
Post by: Skirmant on August 29, 2012, 11:38:42 am
Still it's located in a settings folder.

Yes, your log of history is located in the settings folder.
IF (extremely strong if due to hashing) you were able to alter history that you have a 100 BTC instead of 1 BTC nothing would change since there are 5 million other clients that know that you have 1 BTC. The only thing that would happen is that you would create an alternative version of coins (ferrari coins? :P) and the network would ignore you for being a weirdo.
Title: Re: BitCoins - Currency of the future?
Post by: ferrari32 on August 29, 2012, 03:00:08 pm
Or I could hack one of google's machines, and most people on the internet use google, which would make my coins legit in comparison to everyone else's.
Title: Re: BitCoins - Currency of the future?
Post by: Skirmant on August 29, 2012, 03:16:54 pm
Even if you launched 10 million fake clients with your version of history it wouldn't make any difference. BitCoin clients would still recognize ferrari clients as fakes because of 1 simple reason: THEY HAVE A DIFFERENT HISTORY OF TRANSACTIONS.
That's the backbone of the entire concept..
Title: Re: BitCoins - Currency of the future?
Post by: j.king on September 20, 2012, 11:38:42 am
just fyi

http://www.bbc.co.uk/news/technology-19633980
Title: Re: BitCoins - Currency of the future?
Post by: Skirmant on September 20, 2012, 05:33:56 pm
just fyi

http://www.bbc.co.uk/news/technology-19633980

Heh, these stories happen every month. But I don't see how this is any different from a company's paypal/bank account getting stolen.
Sucks to be the owner of bitfloor tho.
Title: Re: BitCoins - Currency of the future?
Post by: Skirmant on June 18, 2013, 07:41:21 pm
BitCoin's value has risen 10x since this topic was posted.

Facebook executive speaks about Bitcoin:

http://www.youtube.com/watch?v=Stp1cSytifg
Title: Re: BitCoins - Currency of the future?
Post by: Charley on November 19, 2013, 06:38:25 pm
Well I think it's about time I eat my hat. Skirmant, you must be one very rich man right now.

Gonna buy one with a mate once the price comes down a little bit following the spike this morning/yesterday :D
Title: Re: BitCoins - Currency of the future?
Post by: Skirmant on November 19, 2013, 09:02:59 pm
Well I think it's about time I eat my hat. Skirmant, you must be one very rich man right now.

Gonna buy one with a mate once the price comes down a little bit following the spike this morning/yesterday :D

Welcome aboard the BitCoin cruise, Charley! I can't say I'm rich atm, but it has definitely made me a wealthier individual :P

When I posted this topic I knew this was a big game changer but I had no idea that the value would grow so quickly in a such a short period of time. If I did I would of bought more ::) Just yesterday it peaked at 6000+ CNY (1000 USD) on the Chinese exchange (http://bitcoinwisdom.com/markets/btcchina/btccny)

At this stage it has become clear that BitCoin has a very bright future ahead. Maybe not as a outright currency, but as a digital commodity that is easy to trade, store wealth into and a great investment opportunity too! No one is really sure what BitCoin's ultimate potential value may be, it all depends how well it's implemented and adopted by merchants online and offline. Estimates range from a decent 10 000 USD to a mind blowing 1 million USD.

At the end of the day, all it takes is to buy a coin or two (or a fraction), sit back, hoard it, trade some of it for goods and services and see where this ride takes us.
Title: Re: BitCoins - Currency of the future?
Post by: Thijn on November 20, 2013, 10:31:48 am
A few months ago (Might be even a year :o), Skirmant gave me hint about a website where they pay you with bitcoins.

There was a guy who was asking for an SMF mod, and Skirmant said I should try it out.
I did, and I was paid 6.5 bitcoins (At that time, it was around 100 euros, all 6.5 together).
Because Skirmant told me about it, I gave him 1 BTC.

After a few months, the 5.5 remaining BTC were worth 550 euros. I though o.O and sold them.

Then after a few weeks, I noticed the prices were going up pretty fast. When there was a pretty big drop, I bought 6.6 BTC. Worth 744 USD (Around 550 euros).

Along the way, I started using trading algorithms. Using the EMA algorithm (google it) I bought and sold those BTC for around 3 month.

And here we are.
My 744 USD is now 2182 USD.

Funky how this turned out. Thank you Skirmant :)
Title: Re: BitCoins - Currency of the future?
Post by: ferrari32 on November 20, 2013, 03:42:07 pm
Nice one Skirm :)
BUT I WAS RIGHT, IT CAN BE STOLEN!
Title: Re: BitCoins - Currency of the future?
Post by: Skirmant on November 20, 2013, 05:11:57 pm
Then after a few weeks, I noticed the prices were going up pretty fast. When there was a pretty big drop, I bought 6.6 BTC. Worth 744 USD (Around 550 euros).

Along the way, I started using trading algorithms. Using the EMA algorithm (google it) I bought and sold those BTC for around 3 month.

And here we are.
My 744 USD is now 2182 USD.

Funky how this turned out. Thank you Skirmant :)

Noice. I occasionally do some manual speculation, I would never trust my BTCs with trading AI tho.

Nice one Skirm :)
BUT I WAS RIGHT, IT CAN BE STOLEN!

I'm pretty sure we were talking about forging, not theft  ???
Anyways, of course it can be stolen if the attacker get's hold of your private key, but it would be the fault of the user and not the system itself.
Title: Re: BitCoins - Currency of the future?
Post by: HeLLHounD on December 05, 2013, 12:08:24 pm
http://www.businessinsider.com/bitcoin-falls-after-china-warning-2013-12
Title: Re: BitCoins - Currency of the future?
Post by: Skirmant on December 05, 2013, 05:26:51 pm
http://www.businessinsider.com/bitcoin-falls-after-china-warning-2013-12

Seems like the news caused a bit of a panic sell, no worries BitCoin has had worse. The price is already back up at 1k.
Things are looking pretty good long term, even wallstreet agrees (http://www.coindesk.com/bitcoin-price-reach-98500-say-wall-street-analysts/).
Title: Re: BitCoins - Currency of the future?
Post by: RobinX on December 24, 2013, 04:46:22 am
Link (http://www.cnn.com/2013/12/23/tech/web/top-tech-stories-2013/index.html?sr=fb122313toptechstories630p)

Click on the tenth pic. ( Just click on 10 )
Title: Re: BitCoins - Currency of the future?
Post by: stormeus on December 24, 2013, 08:15:34 am
Bitcoins are already outdated, it's time to invest in Dogecoin (http://dogecoin.com/) mining.
Title: Re: BitCoins - Currency of the future?
Post by: ferrari32 on December 24, 2013, 09:23:56 am
Bitcoins are already outdated, it's time to invest in Dogecoin (http://dogecoin.com/) mining.
Read about those a few days ago, doge is mens.
Title: Re: BitCoins - Currency of the future?
Post by: Crossfire|OutlawZ on December 24, 2013, 02:04:08 pm
such currency
Title: Re: BitCoins - Currency of the future?
Post by: XGamer on December 25, 2013, 07:04:24 am
much money, such currency, fast money, wow
Title: Re: BitCoins - Currency of the future?
Post by: Skirmant on December 25, 2013, 10:37:15 pm
Bitcoins are already outdated, it's time to invest in Dogecoin (http://dogecoin.com/) mining.

I've been closely following and speculating in doge since the day it launched. Due to it's strong community and humorous nature the value has been skyrocketing (http://coinmarketcap.com/doge_30.html)
I really think it could become something big

http://www.youtube.com/watch?v=xcaltexImW0

Also, since it's Christmas I'll send 10k doges each to everyone that posts their address ;D
Title: Re: BitCoins - Currency of the future?
Post by: RobinX on December 26, 2013, 06:52:01 am
Also, since it's Christmas I'll send 10k doges each to everyone that posts their address ;D

Gimme.
Title: Re: BitCoins - Currency of the future?
Post by: Skirmant on December 26, 2013, 01:28:17 pm
Also, since it's Christmas I'll send 10k doges each to everyone that posts their address ;D

Gimme.

Either download a client (http://dogecoin.com/) or setup a web wallet (https://www.dogevault.com/) and post your address  ::)
Title: Re: BitCoins - Currency of the future?
Post by: RobinX on December 26, 2013, 02:05:33 pm
You sure ?
Doesn't it cost you ?
Anyways,
Code: [Select]
DQFVZWZk9223Kc2u5oLXhcaymnMmt95y2Y
Title: Re: BitCoins - Currency of the future?
Post by: Thijn on December 26, 2013, 04:15:29 pm
DSwWc5QmBbyb3bQdv77AKt9M3kLrbBQrCM

much coins, wow

EDIT: such coins, much thanks, wow
Title: Re: BitCoins - Currency of the future?
Post by: Crossfire|OutlawZ on December 26, 2013, 09:20:19 pm
DTJy6uuJHL3RP1wMdwxQr3rnJYHpmBKgWC (qt)

http://doges.org/index.php/topic,5283.0.html

edit: got it. TY!
Title: Re: BitCoins - Currency of the future?
Post by: Skirmant on December 26, 2013, 10:31:35 pm
DTJy6uuJHL3RP1wMdwxQr3rnJYHpmBKgWC (qt)

http://doges.org/index.php/topic,5283.0.html

Yeah, it sucks that dogewallet.com was hacked, but DogeVault seems more secure. Of course, ultimately it's much more safer to run your own client instead of relying on a 3th party wallet service, even if they are more convenient. Sadly, due to their infancy cryptocurrencies still lack large entities like paypal that could be trusted with your dough.
Title: Re: BitCoins - Currency of the future?
Post by: stormeus on December 27, 2013, 01:56:53 am
I honestly can't tell if you guys are seriously investing in Dogecoins, but if you are, carefully consider that you would be investing in a currency that revolves around an Internet meme, and that people are actually taking the time to hack 21,000,000 of these joke coins (http://venturebeat.com/2013/12/26/dogecoin-a-virtual-currency-that-started-as-a-joke-gets-real-with-its-first-big-hack/).

If this actually does take off, and somewhere, maybe years down the road, investment bankers start buying and selling "Doge," I think that'd say a lot about the Bit/Dogecoin community and the value of cryptocurrencies.
Title: Re: BitCoins - Currency of the future?
Post by: Skirmant on December 28, 2013, 04:20:00 pm
I honestly can't tell if you guys are seriously investing in Dogecoins, but if you are, carefully consider that you would be investing in a currency that revolves around an Internet meme, and that people are actually taking the time to hack 21,000,000 of these joke coins (http://venturebeat.com/2013/12/26/dogecoin-a-virtual-currency-that-started-as-a-joke-gets-real-with-its-first-big-hack/).

If this actually does take off, and somewhere, maybe years down the road, investment bankers start buying and selling "Doge," I think that'd say a lot about the Bit/Dogecoin community and the value of cryptocurrencies.

I like Dogecoin and I do believe it has a solid future not just as a short-lived fad, but as a stable and trusted altcoin. Not sure about investment bankers but people want a branch of cryptocurrency that does not take itself too seriously, which is exactly what Dogecoin does. It may be based on a meme but it's still more legitimate than 90% of all other altcoins which are copies of bitcoin running the very same software repackaged in a different way yet call themselves 'innovative' and usually result in pump and dump schemes. As cheesy as it sounds doge has spirit, the special kind of charm that imho will take it to the moon └(°ᴥ°)┘

And concerning security as I said in the previous post it's best to avoid online wallets unless you have complete trust in the person that runs the service. Of course there are exceptions like the blockchain wallet (https://blockchain.info/wallet/technical-faq) which uses client side encryption, but I'm not aware of anything like that available for doge yet.
Title: Re: BitCoins - Currency of the future?
Post by: ferrari32 on December 28, 2013, 07:59:58 pm
But a lot of memes die out, and people forget about them. What if the doge meme gets forgotten, chances are, the currency will be as well :P
Title: Re: BitCoins - Currency of the future?
Post by: Skirmant on December 28, 2013, 08:24:33 pm
But a lot of memes die out, and people forget about them. What if the doge meme gets forgotten, chances are, the currency will be as well :P

That's true, but it's not just the meme that's backing up Dogecoin's value, it's the active and generous community. Hell, there's currently a donation fund (http://www.reddit.com/r/dogecoin/comments/1tu0gs/officially_launching_savedogemas_the_dogecoin/) to help out the people that lost their doges from the dogewallet.com hack.
I think by the time people start getting old of the meme it would have already established itself as a legitimate and well adopted cryptocurrency. But of course, only time will tell :P
Title: Re: BitCoins - Currency of the future?
Post by: Crossfire|OutlawZ on December 29, 2013, 01:47:32 am
imho will take it to the moon └(°ᴥ°)┘
(https://viceunderdogs.com/proxy.php?request=http%3A%2F%2Fbuttcoin.org%2Fwp-content%2Fuploads%2F2013%2F12%2FDogeTakeoff-lWUGwNX.jpg&hash=902b2fd088adda5eb039cdff3678450f)
Title: Re: BitCoins - Currency of the future?
Post by: Shadow on December 30, 2013, 04:22:50 pm
D9y41wFzXBYsrNyfmB5NHKSdrKB4becEZN

pls give want dogecoin much moni so vault wow

edit: denk
Title: Re: BitCoins - Currency of the future?
Post by: Skirmant on January 05, 2014, 04:49:47 pm
Today BitCoin skyrocketed back to $1000 on mtgox. This year with BitCoin you'll be able to buy a ticket to space (http://www.theguardian.com/technology/2013/nov/22/virgin-galactic-bitcoin-space-flights-payment), furniture (http://www.forbes.com/sites/amitchowdhry/2013/12/21/overstock-com-is-going-to-accept-bitcoin-in-2014/), real estate (http://nypost.com/2014/01/04/real-estate-broker-we-accept-bitcoin/) or donate to a US politian (http://newsbtc.com/2014/01/01/congressman-accepts-bitcoin-donations-new-years-eve-party/). We may eventually see PayPal and eBay accept it too (http://www.coindesk.com/ebay-president-john-donahoe-paypal-bitcoin/).

Meanwhile on the Dogecoin front: The creator of reddit (world's 78th most popular website) is planning to accept Dogecoins (http://www.change.org/petitions/reddit-inc-accept-dogecoin-as-a-currency-on-reddit/responses/9786) and there's now a client avaible for windows phone (http://www.windowsphone.com/en-us/store/app/dogecoin/76bbaee8-dea0-484e-92b3-7f12bbf6a2f8).

2014 will truly be a very good year for cryptocurrency
Title: Re: BitCoins - Currency of the future?
Post by: Charley on January 08, 2014, 02:17:18 pm
Well, if anyone's feeling generous :p

Dogecoin wallet: D9zTjxtoHMMWpGmEWpJAYKPvnkeBNFxkhe

Bitcoin wallet: 1zW1LFyUSV47cApKgbrkeQQHvAv5TrJ4F

Edit: Thanks, mystery donor
Title: Re: BitCoins - Currency of the future?
Post by: RobinX on January 21, 2014, 04:11:29 am
DogeCoin on its way to the moon!
Code: [Select]
1 doge = US$0.0019
Title: Re: BitCoins - Currency of the future?
Post by: Crossfire|OutlawZ on January 21, 2014, 05:44:46 am
thanks to /r/dogecoin.

help thee fellow shibe (FaF)
DUEvWWKXSBrTNKVS7PoJUCZzqGZ7vXXDhy
Title: Re: BitCoins - Currency of the future?
Post by: Skirmant on March 25, 2014, 09:41:43 pm
99% of all altcoins in a nutshell :)

http://www.youtube.com/watch?v=1eU2INYe4gk
Title: Re: BitCoins - Currency of the future?
Post by: Skirmant on May 13, 2014, 09:12:16 am
Prepare your butts for ZeroCash, a cryptocurrency developed by professional cryptographers that will provide 100% untraceable transactions.
I predict that it will have the 3th biggest marketcap by the end of the year

https://twitter.com/matthew_d_green/status/465963763028340736
Title: Re: BitCoins - Currency of the future?
Post by: ferrari32 on October 30, 2014, 09:19:45 pm
Prepare your butts for ZeroCash, a cryptocurrency developed by professional cryptographers that will provide 100% untraceable transactions.
I predict that it will have the 3th biggest marketcap by the end of the year

https://twitter.com/matthew_d_green/status/465963763028340736
Bump, how's that shaping up?
Title: Re: BitCoins - Currency of the future?
Post by: Skirmant on November 06, 2014, 07:44:08 am
Prepare your butts for ZeroCash, a cryptocurrency developed by professional cryptographers that will provide 100% untraceable transactions.
I predict that it will have the 3th biggest marketcap by the end of the year

https://twitter.com/matthew_d_green/status/465963763028340736
Bump, how's that shaping up?

(https://viceunderdogs.com/proxy.php?request=http%3A%2F%2Fs2.quickmeme.com%2Fimg%2Fef%2Fef2529be8f333c90e750251de7d5827d46c92aee199cb6da4bb152cdeed9bf0b.jpg&hash=0a72f6277873ce3d2f0ffd1bf843af9d)

Forgot to updated my post, there was a vague timeline given: https://twitter.com/secparam/status/468784402558771200
So, uhh.. next year?
Title: Re: BitCoins - Currency of the future?
Post by: RobinX on August 20, 2015, 10:11:07 pm
What happened with Dogecoin.
I've got like 10k.....
Title: Re: BitCoins - Currency of the future?
Post by: Skirmant on August 22, 2015, 09:16:47 pm
What happened with Dogecoin.
I've got like 10k.....

On the bright side, you can spend them on my server:

(https://i.imgur.com/UoFvLJ1.png) (http://vcmp:79.98.29.42:8192)

Address: 79.98.29.42:8192
Forum: http://www.vicenet.org/forum
Live Map: http://www.vicenet.org/map
IRC: #Daydream @ LUNet
Title: Re: BitCoins - Currency of the future?
Post by: RobinX on August 23, 2015, 11:17:56 am
Can I trade in?

10k Dogecoin for Unlimited ingame dogecoin?
Title: Re: BitCoins - Currency of the future?
Post by: Skirmant on August 24, 2015, 10:07:59 am
Can I trade in?

10k Dogecoin for Unlimited ingame dogecoin?

No. All Dogecoin in the server is real, so if you deposit 10k, you get 10k.
Title: Re: BitCoins - Currency of the future?
Post by: Pleyo on August 24, 2015, 06:36:13 pm
Can I trade in?

10k Dogecoin for Unlimited ingame dogecoin?

No. All Dogecoin in the server is real, so if you deposit 10k, you get 10k.
So, basically, you can just spend them on the server? You can't convert them back in dogecoins?
Title: Re: BitCoins - Currency of the future?
Post by: Skirmant on August 24, 2015, 06:47:22 pm
Can I trade in?

10k Dogecoin for Unlimited ingame dogecoin?

No. All Dogecoin in the server is real, so if you deposit 10k, you get 10k.
So, basically, you can just spend them on the server? You can't convert them back in dogecoins?

You can withdraw funds with the /sendto command, everything is liquid.
Title: Re: BitCoins - Currency of the future?
Post by: RobinX on August 24, 2015, 09:52:13 pm
Oh yeah!
I'm gonna earn a lot and convert it until my make at least $5
Title: Re: BitCoins - Currency of the future?
Post by: Pleyo on August 24, 2015, 11:41:35 pm
Hmm, playing to get dogecoins... and then convert them to real money... I'm in for it!  >:D
Title: Re: BitCoins - Currency of the future?
Post by: Skirmant on October 31, 2015, 06:12:31 pm
In the spirit of Halloween the server got a bit spooky

(https://i.imgur.com/AYs83Ts.jpg)
Title: Re: BitCoins - Currency of the future?
Post by: [EAF]King on June 02, 2016, 01:20:06 am
Ain't the undernet / dark web and deep web use bitcoins for currency, like Silk Road?
Title: Re: BitCoins - Currency of the future?
Post by: krystianoo on June 02, 2016, 05:24:25 am
yes but silk road doesnt exist anymore iirc now its just copies of it
Title: Re: BitCoins - Currency of the future?
Post by: ferrari32 on June 02, 2016, 07:16:17 pm
Ain't the undernet / dark web and deep web use bitcoins for currency, like Silk Road?
A long time ago, yeah. Today it's used for just about anything and everything :p
Title: Re: BitCoins - Currency of the future?
Post by: Skirmant on November 07, 2016, 05:45:49 pm
After 3 years of anticipation Zerocash has been finally released! The network went live (https://coinmarketcap.com/currencies/zcash/) over a week ago.

https://z.cash
https://explorer.zcha.in
https://coinmarketcap.com/currencies/zcash
http://zerocash-project.org/media/pdf/zerocash-extended-20140518.pdf
Title: Re: BitCoins - Currency of the future?
Post by: ferrari32 on November 08, 2016, 10:54:12 am
After 3 years of anticipation Zerocash has been finally released! The network went live (https://coinmarketcap.com/currencies/zcash/) over a week ago.

https://z.cash
https://explorer.zcha.in
https://coinmarketcap.com/currencies/zcash
http://zerocash-project.org/media/pdf/zerocash-extended-20140518.pdf
Are they an improvement over BTC's? If yes, in what way?
Title: Re: BitCoins - Currency of the future?
Post by: Thijn on November 08, 2016, 06:01:51 pm
After 3 years of anticipation Zerocash has been finally released! The network went live (https://coinmarketcap.com/currencies/zcash/) over a week ago.

https://z.cash
https://explorer.zcha.in
https://coinmarketcap.com/currencies/zcash
http://zerocash-project.org/media/pdf/zerocash-extended-20140518.pdf
Are they an improvement over BTC's? If yes, in what way?
If I understand correctly. Bitcoin's transactions contain addresses and amount, which are pushed to the blockchain. zerocash only doesn't contain the addresses or amount, but are still checked by the blockchain.

Which means it's more private, and absolutely no one will know who send what to who. They just know someone send something, and didn't spend it twice.
Title: Re: BitCoins - Currency of the future?
Post by: ferrari32 on November 08, 2016, 06:09:44 pm
After 3 years of anticipation Zerocash has been finally released! The network went live (https://coinmarketcap.com/currencies/zcash/) over a week ago.

https://z.cash
https://explorer.zcha.in
https://coinmarketcap.com/currencies/zcash
http://zerocash-project.org/media/pdf/zerocash-extended-20140518.pdf
Are they an improvement over BTC's? If yes, in what way?
If I understand correctly. Bitcoin's transactions contain addresses and amount, which are pushed to the blockchain. zerocash only doesn't contain the addresses or amount, but are still checked by the blockchain.

Which means it's more private, and absolutely no one will know who send what to who. They just know someone send something, and didn't spend it twice.
So if I ever decide to kidnap someone that's how I ask for ransom
Title: Re: BitCoins - Currency of the future?
Post by: Thijn on November 08, 2016, 06:42:13 pm
After 3 years of anticipation Zerocash has been finally released! The network went live (https://coinmarketcap.com/currencies/zcash/) over a week ago.

https://z.cash
https://explorer.zcha.in
https://coinmarketcap.com/currencies/zcash
http://zerocash-project.org/media/pdf/zerocash-extended-20140518.pdf
Are they an improvement over BTC's? If yes, in what way?
If I understand correctly. Bitcoin's transactions contain addresses and amount, which are pushed to the blockchain. zerocash only doesn't contain the addresses or amount, but are still checked by the blockchain.

Which means it's more private, and absolutely no one will know who send what to who. They just know someone send something, and didn't spend it twice.
So if I ever decide to kidnap someone that's how I ask for ransom
Yes.
Title: Re: BitCoins - Currency of the future?
Post by: Charley on November 08, 2016, 11:05:16 pm
Skirmant, you're alive?! Nice to see you here old man!

I still have 0.4 bitcoin - it is now worth 20% more than when I bought it 3 years ago. Not a huge gain, but not bad. Hopefully Z Cash won't cause my precious bitcoin to die  ;D
Title: Re: BitCoins - Currency of the future?
Post by: Skirmant on November 18, 2016, 08:22:47 pm
Skirmant, you're alive?! Nice to see you here old man!

I still have 0.4 bitcoin - it is now worth 20% more than when I bought it 3 years ago. Not a huge gain, but not bad. Hopefully Z Cash won't cause my precious bitcoin to die  ;D

Hey Charlie, it's nice to know you're still holding on to your stash. It would of been a good idea to buy the dip while it was bellow $200 two years ago though.
ZCash doesn't really directly compete with Bitcoin, but with other anonymity focused altcoins. It's unlikely that it will effect Bitcoin's marketcap anytime soon, but it's still an interesting project and potential investment to keep your eye on
Title: Re: BitCoins - Currency of the future?
Post by: Signal on January 11, 2017, 06:26:17 am
i swear these 1st world countries......the way i see it, they'll stop at nothing to make the movie surrogates a reality some day if they keep this shit up

Not until the fraudulent activities exist since bitcoin's main customers/buyers are those who work under cyberbase or those who sell private info to a client and ofcourse credit card cloners/sellers :) and the remaining customers just use it as forex purpose and for illegal trading.

Things mainly brought using bitcoins are shells, hacked rdp , cvv datas and similar things which are useful for frauds, you can even score tiny drugs like MDMA to mother of drug Crystal meth and ofcourse they will be delivered at your doorstep (websites can be accessed via TOR browser only), some eCommerce clothing websites accept BTC but they charge too much compared to normal currency.
This virtual currency is not useful for your age people since you got nothing important to do with it.
Title: Re: BitCoins - Currency of the future?
Post by: vito on January 11, 2017, 06:48:27 am
This virtual currency is not useful for your age people since you got nothing important to do with it.
He can to buy some drugs as you said. ;)
Actually everything will be under total control of government in very close future. So no sense to discuss it.
Title: Re: BitCoins - Currency of the future?
Post by: Signal on January 11, 2017, 10:07:01 am
Actually everything will be under total control of government in very close future. So no sense to discuss it.
I don't think so, either another digi currency will overtake or it will eventually collapse, but government has got nothing to do with it since it will be more anonymous banking as now.
Title: Re: BitCoins - Currency of the future?
Post by: vito on January 11, 2017, 10:35:42 am
I don't think so, either another digi currency will overtake or it will eventually collapse, but government has got nothing to do with it since it will be more anonymous banking as now.
Government is already controlling everything around banking, internet connection... It's very easy to disallow virtual money, maybe you will able to own it as a hashes/keys, but it will be useless. You will be unable to sell it for something real if your government will disallow it.
Title: Re: BitCoins - Currency of the future?
Post by: Signal on January 11, 2017, 11:04:31 am
I don't think so, either another digi currency will overtake or it will eventually collapse, but government has got nothing to do with it since it will be more anonymous banking as now.
Government is already controlling everything around banking, internet connection... It's very easy to disallow virtual money, maybe you will able to own it as a hashes/keys, but it will be useless. You will be unable to sell it for something real if your government will disallow it.

I still use BTC for my personal needs and I know that BTC is not allowed in my country(Its completely illegal, more like a crime that equals to anti:nation)
Still I exchange btc to hard cash and likewise.
Title: Re: BitCoins - Currency of the future?
Post by: vito on January 11, 2017, 11:32:17 am
Still I exchange btc to hard cash and likewise.
It means there is weak control yet.
Title: Re: BitCoins - Currency of the future?
Post by: Signal on January 11, 2017, 11:35:02 am
Still I exchange btc to hard cash and likewise.
It means there is weak control yet.
weak control and high security when it comes to BTC  ;)
Title: Re: BitCoins - Currency of the future?
Post by: vito on January 11, 2017, 12:09:24 pm
weak control and high security when it comes to BTC  ;)
If you able to exchange it in other country and import your money easy - it's means no control here. 
Title: Re: BitCoins - Currency of the future?
Post by: Signal on January 11, 2017, 01:49:53 pm
weak control and high security when it comes to BTC  ;)
If you able to exchange it in other country and import your money easy - it's means no control here.

What about making a lot of bitcoins (either by mining or getting paid for your unique service) and goto a country where btc is legal and withdraw your 'x' number of $ via ATM.

(https://coinatmradar.com/blog/wp-content/uploads/2015/11/f9896a8394bc025b28b08f7ace36fe32.jpg)
Title: Re: BitCoins - Currency of the future?
Post by: vito on January 11, 2017, 02:49:29 pm
What about making a lot of bitcoins (either by mining or getting paid for your unique service) and goto a country where btc is legal and withdraw your 'x' number of $ via ATM.
It depends on the laws of your own country. Is some countries (non-UN) you even able to buy a slave, but it's not means your country will support it. The laws of your country is important because you are under control there.
Title: Re: BitCoins - Currency of the future?
Post by: ferrari32 on January 11, 2017, 06:00:04 pm
What about making a lot of bitcoins (either by mining or getting paid for your unique service) and goto a country where btc is legal and withdraw your 'x' number of $ via ATM.
It depends on the laws of your own country. Is some countries (non-UN) you even able to buy a slave, but it's not means your country will support it. The laws of your country is important because you are under control there.

What he's saying is that, if he were to go to a country where BTC's are legal (e.g. Croatia), and withdraw the money from an atm like the one above, no one at customs would give the slightest fuck about it. Because it's cash, how would the custom's officer know it came from BTC's?
Use logic
Title: Re: BitCoins - Currency of the future?
Post by: vito on January 11, 2017, 06:05:31 pm
What he's saying is that, if he were to go to a country where BTC's are legal (e.g. Croatia), and withdraw the money from an atm like the one above, no one at customs would give the slightest fuck about it. Because it's cash, how would the custom's officer know it came from BTC's?
Use logic
There is such thing as "origin of money" in the law. Don't think you are oversmart and government is fools. Just nobody cares about such things yet, because it's still hard to control.

There is alot of ways to break rules and being clean but it not means it's legal.
Title: Re: BitCoins - Currency of the future?
Post by: ferrari32 on January 11, 2017, 06:08:54 pm
What he's saying is that, if he were to go to a country where BTC's are legal (e.g. Croatia), and withdraw the money from an atm like the one above, no one at customs would give the slightest fuck about it. Because it's cash, how would the custom's officer know it came from BTC's?
Use logic
There is such thing as "origin of money" in the law. Don't think you are oversmart and government is fools. Just nobody cares about such things yet, because it's still hard to control.
Origin of money? A crackhead chimpanzee could have handed me an ''x'' amount of cash, and in case someone asks I can say I found it on the street. No way to disprove origin of cash. Credit cards and bank accounts yes, but not cash.
Title: Re: BitCoins - Currency of the future?
Post by: vito on January 11, 2017, 06:12:54 pm
Origin of money? A crackhead chimpanzee could have handed me an ''x'' amount of cash, and in case someone asks I can say I found it on the street. No way to disprove origin of cash. Credit cards and bank accounts yes, but not cash.
It's possible to track by number, especially if you got it from ATM. But I think you not got the point.
Title: Re: BitCoins - Currency of the future?
Post by: ferrari32 on January 11, 2017, 06:16:38 pm
Origin of money? A crackhead chimpanzee could have handed me an ''x'' amount of cash, and in case someone asks I can say I found it on the street. No way to disprove origin of cash. Credit cards and bank accounts yes, but not cash.
It's possible to track by number, especially if you got it from ATM. But I think you not got the point.
ATM's are owned by private banks. Banks are obligated to keep a customer's account credentials and transfers private, and accessible to only him.
If you have an account in just about any bank, go through your contract, know your rights.
Title: Re: BitCoins - Currency of the future?
Post by: vito on January 11, 2017, 06:29:08 pm
Banks are obligated to
To show any info about client for requests due legal reasons.
Title: Re: BitCoins - Currency of the future?
Post by: ferrari32 on January 11, 2017, 06:49:47 pm
Banks are obligated to
To show any info about client for requests due legal reasons.
With a court order, yes. Which is only requested due to theft/fraud that surpasses cca 400$. And customs officers don't have the legal authority to even request those.
Title: Re: BitCoins - Currency of the future?
Post by: vito on January 11, 2017, 06:53:08 pm
With a court order, yes. Which is only requested due to theft/fraud that surpasses cca 400$. And customs officers don't have the legal authority to even request those.
It depends on the laws of your own country.
You lost the point about government's part. It's not about just "customs". What are you going to prove? You technically able to use bitcoin currently? It's clearly it is.
Title: Re: BitCoins - Currency of the future?
Post by: Signal on January 12, 2017, 04:58:01 am
ATM's are owned by private banks. Banks are obligated to keep a customer's account credentials and transfers private, and accessible to only him.

Exactly,its private afterall, but BTC is 10x more private than a normal bank account since BTC doesn't keep/ask for your personal info as much as bank requires.
And when I say 'x' amount of $ withdrawn from ATM (btc), it doesn't mean you gotta bear a bank account/ATM card but it all works with one simple tiny QR code aka Paper wallet which is still private for 2nd person.

There are many countries where they doesn't question about the number of $ you have, for example UAE (Dubai) would never bother if you got trillions more than the country's asset :) So it is very simple to launder money from your BTC (if its illegal in your country) to hard cash by flaming your government with the help of 'BTC ATM--->Deliver cash via Hawala to(google it)----->Country where they doesn't have tax(like UAE) and then the competition is over.
A smuggling business always work under strict master plans since it is not VCMP  $ 8)
Another style of laundering cash withdrawn from BTC are by Casino gambling, investing in a business and take share, donating to a charity(These steps are played with the knowledge of the inside people so that smuggler get his money as white money) Then which government have got rights to question him?

It's possible to track by number, especially if you got it from ATM. But I think you not got the point.
It doesn't make any sense if the value of $ is less, and no fool is gonna spend the same currency if the amount of withdrawn $ is too high :)

P.S: The most notorious BTC gambler is a Russian whose annual income is 11 billion USD.

Title: Re: BitCoins - Currency of the future?
Post by: vito on January 12, 2017, 05:47:00 am
BTC is 10x more private than a normal bank account since BTC doesn't keep/ask for your personal info as much as bank requires.
But everyone able to see transactions :)
Then which government have got rights to question him?
If government is do not cares about real source of money then you can sell BTC/human organs/children/drugs in others countries, just care about your privacy during deals and wash money. Profit.
It doesn't make any sense if the value of $ is less, and no fool is gonna spend the same currency if the amount of withdrawn $ is too high
I'ts only because it's still hard to control currently. So they ignoring small cases. My point was about future. Trends of it we can see already.
Title: Re: BitCoins - Currency of the future?
Post by: Charley on January 12, 2017, 10:38:33 am
Sooooo.... I lost the password to my bitcoin wallet

(https://i.ytimg.com/vi/f9ogCT97OjU/maxresdefault.jpg)
Title: Re: BitCoins - Currency of the future?
Post by: Signal on January 12, 2017, 02:58:40 pm
But everyone able to see transactions :)
But still you can't see who did those transaction :) (example: 'a' sent 1 btc (787 USD) to 892J4pUCAkjr5O6d7LnPksfVjm3pEl0hKgZ)

If government is do not cares about real source of money then you can sell BTC/human organs/children/drugs in others countries, just care about your privacy during deals and wash money. Profit.
Its not that government doesn't care about the origin of the money it is that BTC customers are tricking government by laundering money using bitcoin banking :)
 
I'ts only because it's still hard to control currently. So they ignoring small cases. My point was about future. Trends of it we can see already.
It says 'someone' sent x$ to 'btc address' (see the first quote) and no intelligence agency can track that crazy btc address since bitcoins itself don't have it in their database as BTC always generate random identities or wallet address as per your request.
Title: Re: BitCoins - Currency of the future?
Post by: vito on January 12, 2017, 06:08:58 pm
But still you can't see who did those transaction :) (example: 'a' sent 1 btc (787 USD) to 892J4pUCAkjr5O6d7LnPksfVjm3pEl0hKgZ)
They can see an exchange from his 892J4pUCA* to real money. (don't even tell about mixers and etc shit for semi-crime).
Its not that government doesn't care about the origin of the money it is that BTC customers are tricking government by laundering money using bitcoin banking :)
It's that, and it's only reason why you still able to use it when it's illegal. Just it's not expedient to spend their resources to you (currently, since need high resources for that (but not in future). So you can feel you are tricking government using bitcoin.
It says 'someone' sent x$ to 'btc address' (see the first quote) and no intelligence agency can track that crazy btc address since bitcoins itself don't have it in their database as BTC always generate random identities or wallet address as per your request.
Lole. It lookign as "crazy btc address" for you only, not for PC and all transactions is available for public in sites like https://blockchain.info/
And as I said before they will identify you when you will link it with real world. (if you are needed for them)
Title: Re: BitCoins - Currency of the future?
Post by: Signal on January 13, 2017, 05:04:34 am
They can see an exchange from his 892J4pUCA* to real money. (don't even tell about mixers and etc shit for semi-crime).
Can they findout who is 892J4pUCA* ? I don't think so , if you say yes then you may explain it :)

It's that, and it's only reason why you still able to use it when it's illegal. Just it's not expedient to spend their resources to you (currently, since need high resources for that (but not in future). So you can feel you are tricking government using bitcoin.
You didn't understand my point, all I was saying is 'government can't fuck with btc money launderers :) use btc and convince yourself man  ;)

Lole. It lookign as "crazy btc address" for you only, not for PC and all transactions is available for public in sites like https://blockchain.info/
And as I said before they will identify you when you will link it with real world. (if you are needed for them)
Public site? omg  :D blockchain is not a public site lol, it is more like a  database for blocks and the URL you linked here isn't public site either :P The transaction is shown but it doesn't leak anyone's privacy lol, every second you see millions transaction in blockchain, it doesn't mean they are telling you 'person' sent '$' to 'person2' its telling hash hash hash :D
go there and make an account first(don't forget to keep some penny inside the wallet after creating an account) and reply here about the new logic you said above :)
They cant identify the user's dox info(personal details) :) and idk wtf they gain by knowing the BTC address lmao, maybe you can send em some cash :D
Title: Re: BitCoins - Currency of the future?
Post by: vito on January 13, 2017, 10:47:25 am
Can they findout who is 892J4pUCA* ? I don't think so
government can't fuck with btc money launderers :) use btc and convince yourself man 
blockchain is not a public site lol, it is more like a  database for blocks and the URL you linked here isn't public site either  :P The transaction is shown but it doesn't leak anyone's privacy lol, every second you see millions transaction in blockchain, it doesn't mean they are telling you 'person' sent '$' to 'person2' its telling hash hash hash :D
idk wtf they gain by knowing the BTC address lmao, maybe you can send em some cash :D
Sure blockchain is not site, just that site storing public info of blockchain. And yes, it's public site. It's easy to find any 892J4pUCA* in your history (not 'preson', it's about your 'crazy adress') since each transaction is public, they will identify your real name when you exchange it to real cash in exchange services (again: if gov. care about it). There is no such thing as privacy for government. It is an idol for naive public.
Title: Re: BitCoins - Currency of the future?
Post by: Signal on January 13, 2017, 11:08:58 am
since each transaction is public, they will identify your real name when you exchange it to real cash in exchange services

-Exchange service are (brokers/ATM)
Brokers are doing the exchange service which is illegal too since there are no exchange service in those countries where btc are illegal, so you might have kept one or two brokers in your favorite list as you will buy/sell only from them, now who copied the (from public transaction details) sender address/code to trace someone who prefer to make deal to exchange coins from a broker?
Title: Re: BitCoins - Currency of the future?
Post by: vito on January 13, 2017, 12:31:17 pm
Brokers are doing the exchange service which is illegal too since there are no exchange service in those countries where btc are illegal, so
So brokers are illegal too. It's just a crime market.
now who copied the (from public transaction details) sender address/code to trace someone who prefer to make deal to exchange coins from a broker?
After that broker will be arrested some data may be given from him to gov (or even before via backdoors in his computer). So it would be basically equal as any crime. Only expediency (spending resources/results) is important here, and since progress bring automatisation that spending of resources will be less day by day.
Title: Re: BitCoins - Currency of the future?
Post by: Signal on January 13, 2017, 03:11:55 pm
So brokers are illegal too. It's just a crime market.
Ofco who said it is not? :)

After that broker will be arrested some data may be given from him to gov (or even before via backdoors in his computer). So it would be basically equal as any crime. Only expediency (spending resources/results) is important here, and since progress bring automatisation that spending of resources will be less day by day.

I don't see any major chance to make any random guy (broker) as a suspect since he will be more careful.
A BTC miner (basically a broker) is not that noob to execute received stub(post backdoor) in his working PC where he manage his coins,such icons will be using a separate PC for downloading shits or to get infected by backdoors.
Talking about crime, yes it is a crime in most of the country.I even told it is useful for such people.

BTC money launderers said to be anonymous in many angles since the founder of BTC(Satoshi Nakamoto) is an unknown person, well the media shows one guy but he is not the one who founded bitcoins as you can stalk it in the deep web.
Title: Re: BitCoins - Currency of the future?
Post by: vito on January 13, 2017, 07:06:47 pm
Ofco who said it is not? :)
Then what point to discuss? Bitcoin for semi-crime currently? Yes. For major crime it will not help. It's just a toy for geeks.
Silk Road's case clearly shows it.
I don't see any major chance
Yes you don't.
A BTC miner (basically a broker) is not that noob to execute received stub(post backdoor) in his working PC
Most of them is *too noobs* because even don't know how computer forensics works. You don't need to make target to  "execute" anything. There is alot of vulnerability in software and network connection is under government's control as alot of software developers too... Your privacy very-well protected because only one reason - government doesn't really care about you.
Title: Re: BitCoins - Currency of the future?
Post by: RobinX on May 25, 2017, 07:38:09 am
Its skyrocketing.
~2000USD
Title: Re: BitCoins - Currency of the future?
Post by: Charley on May 25, 2017, 07:41:21 pm
I lost my password  :'( :'( :'( :'( :'(
Title: Re: BitCoins - Currency of the future?
Post by: RobinX on May 25, 2017, 10:07:06 pm
I lost my password  :'( :'( :'( :'( :'(
You're not alone.
Title: Re: BitCoins - Currency of the future?
Post by: PunkNoodle on May 25, 2017, 10:35:05 pm
If you're talking about Daydream, Skirmant is in IRC right now
Title: Re: BitCoins - Currency of the future?
Post by: Charley on May 26, 2017, 07:45:50 am
If you're talking about Daydream, Skirmant is in IRC right now

No I mean I lost the password to my bitcoin wallet :D A friend and I put £400 in it in 2013, now that £400 is worth £1760, and we don't have access to it haha
Title: Re: BitCoins - Currency of the future?
Post by: Signal on August 13, 2017, 02:15:24 am
Sorry for bumping this topic but I'd like to let you know that 1 BTC is 4000 USD now which is the maximal among any currency,@Charley get your account back if you wanna be rich or forget it  O0
Will it beat more records or decrease?
Title: Re: BitCoins - Currency of the future?
Post by: Skirmant on November 28, 2017, 12:12:30 pm
Ah, what wild 5 years for digital currency this has been, I think it's time to revive the thread a bit.
Bitcoin is now worth approx 10,000 USD right now, to make a recap it was 10 USD when I originally made this thread, which means if you put in $100 back in 2012 you'd have 100k worth of Bitcoin right now.

Next stop: world-wide adoption and $100,000 :^3
Title: Re: BitCoins - Currency of the future?
Post by: Tobi0 on November 28, 2017, 06:14:46 pm
Ah, what wild 5 years for digital currency this has been, I think it's time to revive the thread a bit.
Bitcoin is now worth approx 10,000 USD right now, to make a recap it was 10 USD when I originally made this thread, which means if you put in $100 back in 2012 you'd have 100k worth of Bitcoin right now.

Next stop: world-wide adoption and $100,000 :^3
I'm actually mining bitcoins with my Antminer S3. It's an old machine because there are newer ones like S5, S7 and S9 but it makes profits.
Title: Re: BitCoins - Currency of the future?
Post by: Charley on November 29, 2017, 01:38:39 am
100,000 would make me very happy Skirmant - I've recovered my wallet, albeit at a price, and now have a small chunk of cash growing and growing. It's fucking awesome!
Title: Re: BitCoins - Currency of the future?
Post by: Kelvin on November 29, 2017, 09:57:53 am
Just seen this :) One day someone will come and say that Elon Musk is the god.

https://www.entrepreneur.com/article/305315

Title: Re: BitCoins - Currency of the future?
Post by: Thijn on November 29, 2017, 09:14:49 pm
I recently discovered I had bought 0.3 bitcoin 2 years ago, at the time worth $50. I sold it for $1500 few weeks ago, couldn't be arsed to keep it and wait.
Title: Re: BitCoins - Currency of the future?
Post by: Radon on November 29, 2017, 09:26:19 pm
And I got it now why people comes back in DDRP: It is because it has real currency and you can earn real money from there.
Title: Re: BitCoins - Currency of the future?
Post by: PANZER24 on November 30, 2017, 06:34:56 pm
houweee!!!!Bitcoins sound to be interesting!!!! :-*
Title: Re: BitCoins - Currency of the future?
Post by: Knucis on December 06, 2017, 02:17:59 pm
Welp, it's now worth 11,000€, god damn... Should've invested earlier XD
Title: Re: BitCoins - Currency of the future?
Post by: GangstaRas on December 06, 2017, 09:20:42 pm
Lol nowadays I'm playing catch-up with the lesser coins. Hoping one of them rise to glory like Ethereum did
Title: Re: BitCoins - Currency of the future?
Post by: OmaRosh on December 08, 2017, 03:31:27 pm
Dafuq now 1 bitcoin >= 15,000 USD$
Title: Re: BitCoins - Currency of the future?
Post by: Tobi0 on December 08, 2017, 03:47:32 pm
Dafuq now 1 bitcoin >= 15,000 USD$
Now my bitcoins worth $42 :D (0.00275113 BTC)

If someone wants to earn a little bit of free bitcoins I recommend this faucet, I'm actually trying to win the lottery.

https://freebitco.in/?r=2349934

You have chances of winning from 0.00000013 BTC to 0.01288814 BTC

Edit:

This other faucet is for dogecoin.

http://freedoge.co.in/?r=521225
Title: Re: BitCoins - Currency of the future?
Post by: JuaN. on December 08, 2017, 06:09:14 pm
Dafuq now 1 bitcoin >= 15,000 USD$
Now my bitcoins worth $42 :D (0.00275113 BTC)

If someone wants to earn a little bit of free bitcoins I recommend this faucet, I'm actually trying to win the lottery.

https://freebitco.in/?r=2349934

You have chances of winning from 0.00000013 BTC to 0.01288814 BTC

Edit:

This other faucet is for dogecoin.

http://freedoge.co.in/?r=521225
damn i had like 0.0000150 bitcoins and suddenly lost em all ._:
Title: Re: BitCoins - Currency of the future?
Post by: Knucis on December 08, 2017, 07:21:29 pm
It's decreasing now, when it decreases a little bit more, I'll start investing. I'll wait for the next big boom.
@Skirmant, you're the man dude, congratz on the 100.000$, hopefully you keep investing!
@Charley, thank god you got your wallet back :p
Title: Re: BitCoins - Currency of the future?
Post by: JuaN. on December 08, 2017, 10:22:03 pm
holy shit did skirmant get 100k for real? where does he live in lithuania?  :laugh: :laugh: :laugh: :laugh:
Title: Re: BitCoins - Currency of the future?
Post by: XGamer on December 09, 2017, 12:23:53 pm
holy shit did skirmant get 100k for real? where does he live in lithuania?  :laugh: :laugh: :laugh: :laugh:
Juan is thinking about all of the kush he can buy with 100000$
Title: Re: BitCoins - Currency of the future?
Post by: Tobi0 on December 10, 2017, 01:55:46 am
Posted information about bitcoin and some faucets at LW forum (in off topic board) and got banned for spam.  :'(
Title: Re: BitCoins - Currency of the future?
Post by: JuaN. on December 10, 2017, 12:47:20 pm
pobresito mi pelotudo
Title: Re: BitCoins - Currency of the future?
Post by: Piterus on December 10, 2017, 09:44:07 pm
http://www.dailymail.co.uk/news/article-5163209/Bulgaria-Bitcoins-pay-FIFTH-debt.html
Title: Re: BitCoins - Currency of the future?
Post by: Armaklo on January 28, 2018, 09:56:36 am
I want to choose a purse now. I read the description of the wallet you wrote about here (https://bitcoinbestbuy.com/wallets/airbitz-bitcoin-wallet-review/). I think this is a really good purse. Thanks, it helped me to decide
Title: Re: BitCoins - Currency of the future?
Post by: Amal on February 06, 2018, 05:40:02 am
Bitcoin has dropped to around $6000, now is the time to buy guys!
Title: Re: BitCoins - Currency of the future?
Post by: GangstaRas on February 07, 2018, 12:23:43 pm
Welp, I hope the people that disagreed with Amal don't feel sour now. It was indeed the best time.

Also I advise that you guys use something like HitBTC or any exchange that shows THEIR live transactions going on rather than a combination of every exchange's transactions. We can't predict tomorrow but it gives a good outlook of where it's going.

For example, just by watching that I knew the market was resisting to be outside the $7000 mark, so the true value to people is somewhere there right now. Yesterday the best we got was $5800 but look how quickly that rebound today, at $8200
Title: Re: BitCoins - Currency of the future?
Post by: Signal on February 14, 2018, 01:44:41 pm
https://i.imgur.com/CWwN4YP.png

 O0 O0 O0 O0 O0 O0
Title: Re: BitCoins - Currency of the future?
Post by: Amal on February 14, 2018, 03:52:50 pm
Rich ass send me one nigga  :'(
Title: Re: BitCoins - Currency of the future?
Post by: Arsh on February 16, 2018, 01:11:14 am
Suggest some good faucets guys
Title: Re: BitCoins - Currency of the future?
Post by: MaddyV on March 05, 2018, 10:09:12 pm
thought I'd share my xp

A few months ago, Bitcoin had a huge raise, I started mining using guiminer and bfgminer with slushpool(https://slushpool.com/home/), mined bitcoins for a lot of time(i had like 750 hash/s).

I recommend guiminer for new BTC miners, it's simple and easy to use for newbs.

bfgminer is a little complicated, at least imo. But the yield I got from BFGMiner was a lot more than that of guiminer.

Many people fail to understand how mining actually works, before you even start getting involved in Bitcoins,
PRECAUTION: Investing/mining Bitcoins in many country is strictly illegal and is a federal crime. Investors can face years in jail. So look up before you start. But there are countries, like India, it's neither illegal nor legal. The government discourage the use of bitcoins, and they give no guarantee for those who suffer losses.

If you're looking to invest, you should probably prepare yourself for losses, since these stuff happen all the time.

Keep track of the prices, when you feel that bitcoins hitting a jackpot, it is then that you invest.

That's probably all about investing.

Mining. Which most of you can do, but no guaranteed success. You must remember most of these self-proclaimed "miners" are hoax, they provide you free satoshi's for every 10 minutes or each hour. DO NOT WASTE YOUR TIME WITH THESE. These are all fake, and these apps are produced by assholes who want to make money out of ad revenue on their sites.

You should remember that Satoshis or Bitcoins NEVER come for free(at least most of the times). If a miner by itself gives you free bitcoins, uninstall that app right away.

And how mining works? Simple, there are several companies in this world who are willing to pay your GPU(Graphical Processing Unit), how? Simple, your computers GPU solves a math problem(not kidding) for a specific company, who then pay you in small amounts. These small amounts start building up and you got a stack of satoshis.

Remember, your PC must have a GPU. PC's with APUs will not work, any apps claiming that they can mine with an APU system, is once again, a scam.

Pools: There are many pools, for you to mine bitcoins, how do these pools work?
It is actually the pool which solves a problem using your GPU, then this pool gives a "share" to you.
Why do they give me some and keep for themselves?
That's how the owner of a pool, makes money.

I've had great success with Slush's pool, I've mined about 20,000 INR in the past 3 months, (i.e about 320$), that too I used to mine for a couple of hours everyday. And I haven't mined bitcoins for like, the past 3 weeks.
If I'd just mined bitcoins 24/7 I'd have probably mined more than 1 Bitcoins by now.

Wallets: This is where the bitcoins you mined, are stored. I recommend Electrum to everyone, since it is trustworthy, that is all a wallet needs to have. (or the one Signal uses, seems pretty legit)

Mining bitcoins isn't as easy as it sounds. You might not find success in a pool you choose. And also note that, the greater GPU you have, the more you get paid.

Indians can make a lot of money out of Bitcoins if enough time and hardwork is given to it. Since Indian electric bills are effectively very low. The amount of profit you make is mind-blowing.

Any doubts, ask me below!

Happy investing/mining!

Title: Re: BitCoins - Currency of the future?
Post by: Tobi0 on March 05, 2018, 11:16:14 pm
thought I'd share my xp

A few months ago, Bitcoin had a huge raise, I started mining using guiminer and bfgminer with slushpool(https://slushpool.com/home/), mined bitcoins for a lot of time(i had like 750 hash/s).

I recommend guiminer for new BTC miners, it's simple and easy to use for newbs.

bfgminer is a little complicated, at least imo. But the yield I got from BFGMiner was a lot more than that of guiminer.

Many people fail to understand how mining actually works, before you even start getting involved in Bitcoins,
PRECAUTION: Investing/mining Bitcoins in many country is strictly illegal and is a federal crime. Investors can face years in jail. So look up before you start. But there are countries, like India, it's neither illegal nor legal. The government discourage the use of bitcoins, and they give no guarantee for those who suffer losses.

If you're looking to invest, you should probably prepare yourself for losses, since these stuff happen all the time.

Keep track of the prices, when you feel that bitcoins hitting a jackpot, it is then that you invest.

That's probably all about investing.

Mining. Which most of you can do, but no guaranteed success. You must remember most of these self-proclaimed "miners" are hoax, they provide you free satoshi's for every 10 minutes or each hour. DO NOT WASTE YOUR TIME WITH THESE. These are all fake, and these apps are produced by assholes who want to make money out of ad revenue on their sites.

You should remember that Satoshis or Bitcoins NEVER come for free(at least most of the times). If a miner by itself gives you free bitcoins, uninstall that app right away.

And how mining works? Simple, there are several companies in this world who are willing to pay your GPU(Graphical Processing Unit), how? Simple, your computers GPU solves a math problem(not kidding) for a specific company, who then pay you in small amounts. These small amounts start building up and you got a stack of satoshis.

Remember, your PC must have a GPU. PC's with APUs will not work, any apps claiming that they can mine with an APU system, is once again, a scam.

Pools: There are many pools, for you to mine bitcoins, how do these pools work?
It is actually the pool which solves a problem using your GPU, then this pool gives a "share" to you.
Why do they give me some and keep for themselves?
That's how the owner of a pool, makes money.

I've had great success with Slush's pool, I've mined about 20,000 INR in the past 3 months, (i.e about 320$), that too I used to mine for a couple of hours everyday. And I haven't mined bitcoins for like, the past 3 weeks.
If I'd just mined bitcoins 24/7 I'd have probably mined more than 1 Bitcoins by now.

Wallets: This is where the bitcoins you mined, are stored. I recommend Electrum to everyone, since it is trustworthy, that is all a wallet needs to have. (or the one Signal uses, seems pretty legit)

Mining bitcoins isn't as easy as it sounds. You might not find success in a pool you choose. And also note that, the greater GPU you have, the more you get paid.

Indians can make a lot of money out of Bitcoins if enough time and hardwork is given to it. Since Indian electric bills are effectively very low. The amount of profit you make is mind-blowing.

Any doubts, ask me below!

Happy investing/mining!


Bitcoin mining with GPU is nearly impossible these days, I think you mined some altcoin and exchanged it for bitcoin or you mined bitcoin like 8 years ago.
Title: Re: BitCoins - Currency of the future?
Post by: Radon on March 06, 2018, 06:28:38 am
Yeah. And this is how the miners fucked up the GPU prices, which were meant for gaming, not for mining shit.
Title: Re: BitCoins - Currency of the future?
Post by: MaddyV on March 06, 2018, 06:36:39 am
Guess it needs a multicore CPU for it to work?
Title: Re: BitCoins - Currency of the future?
Post by: Radon on March 06, 2018, 09:29:16 am
Guess it needs a multicore CPU for it to work?
From what I know at the moment, it uses mainly your GPU in which it making it up to 100% usage in the background, unlike gaming in which uses lesser excepting if you got a paki pc.
Title: Re: BitCoins - Currency of the future?
Post by: MaddyV on March 06, 2018, 10:35:27 am
I remember my cousin elder brother buying GPUs for like 100$.

Now the prices are out of the world, c'mon man, who wants to pay thousands of dollars for a GPU lol
Title: Re: BitCoins - Currency of the future?
Post by: Radon on March 06, 2018, 10:41:11 am
Now the prices are out of the world, c'mon man, who wants to pay thousands of dollars for a GPU lol
I'd rather buy a new gaming console for that price to be honest. But, wait, there isn't VCMP for them and it is harder coming to fighting ffs.
Title: Re: BitCoins - Currency of the future?
Post by: PANZER24 on March 07, 2018, 02:35:33 pm
f