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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31960. (Read 26608018 times)

legendary
Activity: 2338
Merit: 2106
november 18th. the day that the exchanges ran out of btc.

it will be called "empty monday"

and will be acknowledged as the day that bitcoin officially started going to da moonTM
 Shocked
sr. member
Activity: 376
Merit: 250
An interesting thought struck me earlier - now that the majority of my personal wealth lies with bitcoin, what would be the best and most secure way of leaving them in a will?!?  If I were to get run over by a truck tomorrow, my coins would probably be lost.  None of my family or friends would have any idea what to do with paper wallets either  Shocked

I hope I don't get beat up over this, but I asked the same question on the LTC forums (https://forum.litecoin.net/index.php/topic,6662.msg51607.html#msg51607)

Essentially I was interested in finding a lawyer who understood crypto currencies, so they could help out...that way my family doesn't have to rely on poorly written instructions, or forgetting all the little steps, etc.

There are online services which provide certain usernames and passwords for your digital after-life.  Perhaps a bitcoin version would be of use?   I just reg'd the domain name BitcoinBeyond.com  just in case I figure out how to make it work.

I think the simplest approach would be that you start the "BitcoinBeyond.com" service.  The service has lawyers who are familiar with estate law and cryptos.  Then the crypto nerd - such as myself - would leave a letter with private keys to my significant other whom I'd want to leave the cytpos to.  The letter would only contain say 1/2 of the private key with the remaining halves in a will.  That way no irate ex-spouse could get his/her hands on them without my will being read.  The estate lawyer at "BitcoinBeyond.com" would then assist the various recipients of the will's benefits to "cash out" the coins or do whatever other action they'd like.
legendary
Activity: 1204
Merit: 1002
Gresham's Lawyer
An interesting thought struck me earlier - now that the majority of my personal wealth lies with bitcoin, what would be the best and most secure way of leaving them in a will?!?  If I were to get run over by a truck tomorrow, my coins would probably be lost.  None of my family or friends would have any idea what to do with paper wallets either  Shocked

You could set up a bank account, linked to bitpay or some payment remitter, and use a time-locked transaction to it.  While you are alive, you can periodically interrupt this transaction so that it is not sent.  After you are dead, you no longer can and it will fund the bank accounts of your heirs.

There should be a service to do this for you before too long I have heard several in the works.
sr. member
Activity: 406
Merit: 250
1000$ by the end of the year?
No before the end of the year ...

We will see... 750 are really really close
legendary
Activity: 1414
Merit: 1000
1000$ by the end of the year?
No before the end of the year ...
member
Activity: 107
Merit: 10
An interesting thought struck me earlier - now that the majority of my personal wealth lies with bitcoin, what would be the best and most secure way of leaving them in a will?!?  If I were to get run over by a truck tomorrow, my coins would probably be lost.  None of my family or friends would have any idea what to do with paper wallets either  Shocked

I hope I don't get beat up over this, but I asked the same question on the LTC forums (https://forum.litecoin.net/index.php/topic,6662.msg51607.html#msg51607)

Essentially I was interested in finding a lawyer who understood crypto currencies, so they could help out...that way my family doesn't have to rely on poorly written instructions, or forgetting all the little steps, etc.

There are online services which provide certain usernames and passwords for your digital after-life.  Perhaps a bitcoin version would be of use?   I just reg'd the domain name BitcoinBeyond.com  just in case I figure out how to make it work.
member
Activity: 112
Merit: 10
Somebody is "hiding" a ~2000BTC ask at around $3300 (Goxbux) on Gox's order book.  Not sure what they're trying to communicate since most people won't ever look up there.

I can hear it say: "Psst hey, whale friends, come up here and stop selling your coins so cheap!"
legendary
Activity: 2097
Merit: 1070
no one saw the coin shortage coming! ~ too funny!  Cool /\700 club here we go!!!

People will just stop buying if there's none for sale at a reasonable rate whatever that may be.
hero member
Activity: 504
Merit: 500
I can honestly see this going to 1000$. And once it hits 1000$, mainstream media wil go CUCKOO.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
newbie
Activity: 42
Merit: 0
haaa no one saw the bitcoin shortage coming? ~ too funny!  Cool /\700 club here we go!!!
legendary
Activity: 1168
Merit: 1000
btc-e seems down now


Ahh, the beauty of multiple "leading" exchanges.  Even if each has some degree of incompetency, it's extremely unlikely all of them will fail at the same time (like Gox did during April).
full member
Activity: 196
Merit: 100
~9hrs until new funds arrive at bitstamp...
hero member
Activity: 894
Merit: 501
bitstamp: "13 minutes   " since last trade..?

Bistamp crapped out, my orders stays "in process". On noes, the crash will finally be caused by Stamp..Ahhh run for the hills, bills, usd bills ...

Huh? I just logged in, and bitcoinwisdom also shows executed orders within the last 20min.


Seems to be fine now.

btc-e seems down now
legendary
Activity: 1168
Merit: 1000
Seems we officially passed 2x the previous Gox ATH, if only for a moment..
legendary
Activity: 1168
Merit: 1000
bitstamp: "13 minutes   " since last trade..?

Bistamp crapped out, my orders stays "in process". On noes, the crash will finally be caused by Stamp..Ahhh run for the hills, bills, usd bills ...

Huh? I just logged in, and bitcoinwisdom also shows executed orders within the last 20min.

Seems to be fine now.
legendary
Activity: 1470
Merit: 1007
bitstamp: "13 minutes   " since last trade..?

Bistamp crapped out, my orders stays "in process". On noes, the crash will finally be caused by Stamp..Ahhh run for the hills, bills, usd bills ...

Huh? I just logged in, and bitcoinwisdom also shows executed orders within the last 20min.
sr. member
Activity: 376
Merit: 250
An interesting thought struck me earlier - now that the majority of my personal wealth lies with bitcoin, what would be the best and most secure way of leaving them in a will?!?  If I were to get run over by a truck tomorrow, my coins would probably be lost.  None of my family or friends would have any idea what to do with paper wallets either  Shocked

I hope I don't get beat up over this, but I asked the same question on the LTC forums (https://forum.litecoin.net/index.php/topic,6662.msg51607.html#msg51607)

Essentially I was interested in finding a lawyer who understood crypto currencies, so they could help out...that way my family doesn't have to rely on poorly written instructions, or forgetting all the little steps, etc.
legendary
Activity: 1168
Merit: 1000
I'm really hoping we just go horizontal for like a week.. 
legendary
Activity: 2097
Merit: 1070
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