Author

Topic: Gold collapsing. Bitcoin UP. - page 424. (Read 2032286 times)

legendary
Activity: 868
Merit: 1006
April 12, 2015, 11:26:31 AM
Actually, gold is just gold. Its just been worshiped as the best proxy for exchanging things the longest.  But make no mistake, the idea of putting "faith" in gold is no different than putting "faith" in something like bitcoin.  It's an idea competing for followers.  Nothing more, nothing less.  How many people believe in it, embrace it, write books about it, develop industry and education around it and develop a full working economy around it is what takes it from an idea to global proxy of exchange.
legendary
Activity: 1764
Merit: 1002
April 12, 2015, 09:20:21 AM
British banking scandals have wiped out 60% of profits since 2011

http://uk.businessinsider.com/kpmg-british-banking-profit-report-and-scandal-costs-2015-4
hero member
Activity: 644
Merit: 504
Bitcoin replaces central, not commercial, banks
April 11, 2015, 04:07:54 PM
Blockstream recruiting more brainpower to work on sidechains. Impressive addition

https://plus.google.com/103188246877163594460/posts/WTrnyFsRmHv
Wow, I listened to his talk about the idea to scale bitcoin and that guy seems to really get it.

Great addiction for the blockstream team!

Do you have a link?
hero member
Activity: 731
Merit: 503
Libertas a calumnia
April 11, 2015, 03:10:08 PM
Blockstream recruiting more brainpower to work on sidechains. Impressive addition

https://plus.google.com/103188246877163594460/posts/WTrnyFsRmHv
Wow, I listened to his talk about the idea to scale bitcoin and that guy seems to really get it.

Great addiction for the blockstream team!
hero member
Activity: 644
Merit: 504
Bitcoin replaces central, not commercial, banks
April 11, 2015, 01:44:16 PM
Blockstream recruiting more brainpower to work on sidechains. Impressive addition

https://plus.google.com/103188246877163594460/posts/WTrnyFsRmHv

legendary
Activity: 2044
Merit: 1005
April 11, 2015, 02:39:12 AM

Looks like, it is only question of time when somebody will steal your pKeys. There are endless possibilities how to do it. ... Can sidechains with multi layers of defense save our stored value?

edit:
http://www.ebay.com/bhp/micro-spy-camera
http://www.top10spysoftware.com/

But then similarly, it is only a question of time before someone transfers all your money out of your online checking account.  Which can also be frozen, the funds confiscated, their availability limited, or their value discombobulated by non-market forces.
Aslong as bank is solvent that is ok
huh? if someone moves your money out of your haxored bank account, good luck getting the bank to put it back.

also, i'd say that it is a good idea to distribute one's BTC across different, well-vetted storage solutions.
The bank must put back the money its codb for them.. Why else would we give them our money to feel cool?

Again unless its unsolvent..
legendary
Activity: 1988
Merit: 1007
April 10, 2015, 11:18:36 PM

Looks like, it is only question of time when somebody will steal your pKeys. There are endless possibilities how to do it. ... Can sidechains with multi layers of defense save our stored value?

edit:
http://www.ebay.com/bhp/micro-spy-camera
http://www.top10spysoftware.com/

But then similarly, it is only a question of time before someone transfers all your money out of your online checking account.  Which can also be frozen, the funds confiscated, their availability limited, or their value discombobulated by non-market forces.
Aslong as bank is solvent that is ok
huh? if someone moves your money out of your haxored bank account, good luck getting the bank to put it back.

also, i'd say that it is a good idea to distribute one's BTC across different, well-vetted storage solutions.

Uh, the bank WOULD do that. In fact, if you have a check stolen ("irreversible payment") and someone steals it and cashes it, the bank can reverse it months later. People seem to not understand that the central banking system runs everything, and any monetary payment through a bank (NOT wire, though wire can also be reversed) is reversible.
full member
Activity: 660
Merit: 101
Colletrix - Bridging the Physical and Virtual Worl
April 10, 2015, 09:02:46 PM

Looks like, it is only question of time when somebody will steal your pKeys. There are endless possibilities how to do it. ... Can sidechains with multi layers of defense save our stored value?

edit:
http://www.ebay.com/bhp/micro-spy-camera
http://www.top10spysoftware.com/

But then similarly, it is only a question of time before someone transfers all your money out of your online checking account.  Which can also be frozen, the funds confiscated, their availability limited, or their value discombobulated by non-market forces.
Aslong as bank is solvent that is ok
huh? if someone moves your money out of your haxored bank account, good luck getting the bank to put it back.

also, i'd say that it is a good idea to distribute one's BTC across different, well-vetted storage solutions.
legendary
Activity: 1764
Merit: 1002
April 10, 2015, 08:39:46 PM
I won't buy a hardware wallet until I'm satisfied the hardware designers have earned their pay.

That means using custom circuits that minimize the need for turing-complete components and formal proofs of correctness.

Until then, I don't see them as being appreciably better than my air gaped Armory offline laptop.

While you might have a point about the price of the Trezor, I'm more of the mind to get these types of much needed open source projects out sooner than later so that the community can start hacking away to improve them. The Trezor is pretty darn good.
legendary
Activity: 2016
Merit: 1259
April 10, 2015, 08:17:03 PM

Looks like, it is only question of time when somebody will steal your pKeys. There are endless possibilities how to do it. ... Can sidechains with multi layers of defense save our stored value?

edit:
http://www.ebay.com/bhp/micro-spy-camera
http://www.top10spysoftware.com/

But then similarly, it is only a question of time before someone transfers all your money out of your online checking account.  Which can also be frozen, the funds confiscated, their availability limited, or their value discombobulated by non-market forces.
Aslong as bank is solvent that is ok

It would seem that you must search far and wide to find a bank that is truly solvent these days, however.
legendary
Activity: 2044
Merit: 1005
April 10, 2015, 08:10:33 PM

Looks like, it is only question of time when somebody will steal your pKeys. There are endless possibilities how to do it. ... Can sidechains with multi layers of defense save our stored value?

edit:
http://www.ebay.com/bhp/micro-spy-camera
http://www.top10spysoftware.com/

But then similarly, it is only a question of time before someone transfers all your money out of your online checking account.  Which can also be frozen, the funds confiscated, their availability limited, or their value discombobulated by non-market forces.
Aslong as bank is solvent that is ok
full member
Activity: 660
Merit: 101
Colletrix - Bridging the Physical and Virtual Worl
April 10, 2015, 07:06:53 PM

Looks like, it is only question of time when somebody will steal your pKeys. There are endless possibilities how to do it. ... Can sidechains with multi layers of defense save our stored value?

edit:
http://www.ebay.com/bhp/micro-spy-camera
http://www.top10spysoftware.com/

But then similarly, it is only a question of time before someone transfers all your money out of your online checking account.  Which can also be frozen, the funds confiscated, their availability limited, or their value discombobulated by non-market forces.
legendary
Activity: 1764
Merit: 1002
April 10, 2015, 06:29:08 PM

Looks like, it is only question of time when somebody will steal your pKeys. There are endless possibilities how to do it. ... Can sidechains with multi layers of defense save our stored value?

edit:
http://www.ebay.com/bhp/micro-spy-camera
http://www.top10spysoftware.com/


If you read the report carefully, you'd see that his attack is only possible if no pin or password is used.
legendary
Activity: 1400
Merit: 1013
April 10, 2015, 05:28:04 PM
I won't buy a hardware wallet until I'm satisfied the hardware designers have earned their pay.

That means using custom circuits that minimize the need for turing-complete components and formal proofs of correctness.

Until then, I don't see them as being appreciably better than my air gaped Armory offline laptop.
legendary
Activity: 1414
Merit: 1000
April 10, 2015, 04:54:52 PM

Looks like, it is only question of time when somebody will steal your pKeys. There are endless possibilities how to do it. ... Can sidechains with multi layers of defense save our stored value?

edit:
http://www.ebay.com/bhp/micro-spy-camera
http://www.top10spysoftware.com/
legendary
Activity: 1554
Merit: 1000
legendary
Activity: 1764
Merit: 1002
April 10, 2015, 01:14:38 PM
legendary
Activity: 2044
Merit: 1005
April 10, 2015, 11:20:00 AM
Stocks on the rise again

Yeah, don't go short until the DJI  breaks its secondary low point.
Go long not short

not now
Its only up about 500 points this week
legendary
Activity: 1764
Merit: 1002
April 09, 2015, 11:51:00 PM
Stocks on the rise again

Yeah, don't go short until the DJI  breaks its secondary low point.
Go long not short

not now
Jump to: