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Proof-of-stake is more decentralized, efficient and secure than PoW- white paper Bitcoin Discussion
If you are not a programmer then start with http://en.wikipedia.org/wiki/Analysi…
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n/a | Klestin | March 31, 2015, 02:32:21 PM |
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Proof-of-stake is more decentralized, efficient and secure than PoW- white paper Bitcoin Discussion
It's a delusion, but I'm not going to waste time on explaining why it is so.Darn…
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n/a | Klestin | March 31, 2015, 01:10:24 PM |
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Proof-of-stake is more decentralized, efficient and secure than PoW- white paper Bitcoin Discussion
I'm not a fan of blockchain tech, it's too inefficient. Necessity to store every…
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n/a | Klestin | March 31, 2015, 12:37:15 PM |
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Critical "overhead" of blockchain Development & Technical Discussion
I stand corrected. Thank you for taking the time to set me straight. As do I.
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n/a | Klestin | March 22, 2015, 05:26:44 PM |
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Critical "overhead" of blockchain Development & Technical Discussion
You are mistaken. It is exactly what Satoshi had in mind:Does it ever wear you…
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n/a | Klestin | March 22, 2015, 09:12:55 AM |
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Sick of the confirmation time... Bitcoin Discussion
BTC conformation time is horrible. Especially when you are transferring funds to…
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n/a | Klestin | March 21, 2015, 08:01:58 AM |
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Sick of the confirmation time... Bitcoin Discussion
IT might be 1/4 as much security, but, at least for that first confirmation, you…
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n/a | Klestin | March 20, 2015, 08:10:27 PM |
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Sick of the confirmation time... Bitcoin Discussion
And YES - I know that if we had an alternate crypto with 1 minute blocks, a tran…
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n/a | Klestin | March 20, 2015, 08:07:01 PM |
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Do you trust yourself to manage your own private keys? Bitcoin Discussion
Trezor + split paper wallet. Easy peasy.
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n/a | Klestin | March 19, 2015, 11:40:29 AM |
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Sick of the confirmation time... Bitcoin Discussion
LTC confirms much faster.This is a disturbingly common misconception. The secur…
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n/a | Klestin | March 18, 2015, 07:34:48 PM |
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Complete the sentence... "I would sell all my Bitcoins if..." Off-topic
... I was convinced the price would soon drop, after which I could repurchase mo…
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n/a | Klestin | March 16, 2015, 09:31:30 AM |
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IBM Rumored to Be Developing Bitcoin Alternative Altcoin Discussion
These things are mutually exclusive:- No central authority/trusted authority- De…
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n/a | Klestin | March 12, 2015, 07:57:20 PM |
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Bitcoin Trezor bug lost my bitcoins! Service Discussion
This is why I don't really trust devices like these to store my bitcoins. I can…
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n/a | Klestin | March 10, 2015, 04:30:11 PM |
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Extreme waste of electricity Bitcoin Discussion
now the bitcoin community is sending over $10 dollars/day (in fiat no less) to p…
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n/a | Klestin | March 03, 2015, 10:26:02 AM |
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Confirmation Time Beginners & Help
OP is comparing the time it takes to make a storefront purchase with credit card…
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n/a | Klestin | March 01, 2015, 11:33:31 AM |
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Europol Cybercrime Report: The Dark Side of Bitcoin is Coming Into Light Bitcoin Discussion
If true, this will be excellent news for authorities. It should help them easil…
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n/a | Klestin | March 01, 2015, 11:20:43 AM |
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Why Bitcoin and Not a better improved crypto? Bitcoin Discussion
I think that a new crypto will be developed and people will use it rather than b…
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n/a | Klestin | February 27, 2015, 07:08:39 PM |
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Assumptions required for Bitcoin existence Bitcoin Discussion
That doesn't require any assumptions. The work isn't just performed on behalf of…
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n/a | Klestin | February 26, 2015, 11:40:53 AM |
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ISIS to create own coin. How can we convince to use Bitcoin? Bitcoin Discussion
I expect the US and the rest of the West would dearly love to have ISIS adopt Bi…
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n/a | Klestin | February 23, 2015, 10:41:42 AM |
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41 minutes for a new block, difficulty wayyy too hard Beginners & Help
The expected time between blocks taking 40 minutes is 10 hours, 43 minutes. Mean…
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n/a | Klestin | February 17, 2015, 12:54:51 PM |
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What happens in the aftermath of a Bitcoin funded terrorist attack? Bitcoin Discussion
Arms dealers are now accepting Bitcoin? No? Then they exchanged their Bitcoin do…
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n/a | Klestin | February 17, 2015, 12:51:43 PM |
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What happens in the aftermath of a Bitcoin funded terrorist attack? Bitcoin Discussion
Arms dealers are now accepting Bitcoin? No? Then they exchanged their Bitcoin do…
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n/a | Klestin | February 16, 2015, 09:16:39 PM |
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NSA hid spying software in hard drive firmware Politics & Society
These two things do not go together:1) Software was "completely undetectable" fr…
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n/a | Klestin | February 16, 2015, 06:52:15 PM |
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Somebody is mining at Microsoft's 138.91.94.19 Bitcoin Discussion
Microsoft is several billion dollar corporation, bitcoin mining isn't even peanu…
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n/a | Klestin | February 15, 2015, 11:12:13 PM |
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Bitcoin, How Long Will It Last? Bitcoin Discussion
Bitcoin analysts says that Bitcoin price will have an imminent slump in days to…
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n/a | Klestin | February 13, 2015, 10:20:44 PM |
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Are you ready (not just willing) to make payments in Bitcoin? Bitcoin Discussion
I want to vote: I have bitcoins and are not ready and not willing to make paymen…
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n/a | Klestin | February 12, 2015, 04:21:35 PM |
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Are you ready (not just willing) to make payments in Bitcoin? Bitcoin Discussion
We all bemoan the lack of retailers currently accepting Bitcoin. But I wonder -…
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n/a | Klestin | February 12, 2015, 11:00:30 AM |
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What will happen if we go lower than $215? Speculation
Just a questions, what will happen if we go lower than that?I will buy more. Nex…
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n/a | Klestin | February 11, 2015, 02:04:36 PM |
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6 confirmations is not enough Bitcoin Discussion
Look at the following scenario:I send 1'000 BTC to an exchange. After 6 confirma…
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n/a | Klestin | February 11, 2015, 01:59:14 PM |
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Prematurely changing the 1MB transaction supply is a great idea ... Bitcoin Discussion
Why do people think that because max block size 20Mb = ALL blocks will be 20Mb?c…
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n/a | Klestin | February 09, 2015, 11:32:32 AM |
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Why did precursors to Bitcoin Fail? Bitcoin Discussion
Pretty disappointing answers frankly......Then you're not reading.Likely decentr…
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n/a | Klestin | February 09, 2015, 11:30:24 AM |
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2.5 BTC stolen i wanna cry :-( Bitcoin Discussion
I am watching this space and I am hopeful we will get a security method that wor…
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n/a | Klestin | February 05, 2015, 08:33:35 PM |
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Bitcoin 20MB Fork Bitcoin Discussion
Multiplying the number of blocks by 20 MB to estimate the block chain usage afte…
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n/a | Klestin | February 02, 2015, 07:24:41 PM |
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New Scientist - How Bitcoin Works Bitcoin Discussion
This statement is absolutely true:It forget the point about miners getting the t…
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n/a | Klestin | January 30, 2015, 12:55:50 PM |
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New Scientist - How Bitcoin Works Bitcoin Discussion
Not bad.It forget the point about miners getting the transaction fees(which coul…
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n/a | Klestin | January 30, 2015, 12:29:18 PM |
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CoinBase - Not licensed Service Discussion
Please read the federal law and then tell me why you ignore it. This is a federa…
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n/a | Klestin | January 28, 2015, 07:05:34 PM |
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CoinBase - Not licensed Service Discussion
Why do you keep ignoring this?QuoteThe California Department of Business Oversig…
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n/a | Klestin | January 28, 2015, 06:39:06 PM |
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CoinBase - Not licensed Service Discussion
Please link to where CoinBase said they are licensed and regulated in California…
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n/a | Klestin | January 28, 2015, 05:52:56 PM |
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CoinBase - Not licensed Service Discussion
Please link to where CoinBase said they are licensed and regulated in California…
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n/a | Klestin | January 28, 2015, 05:22:27 PM |
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Bitfinex exchange owner admits to using inside information to trade on own platf Exchanges
It was completely the opposite. He said he does not do that. I'm not saying he i…
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n/a | Klestin | January 21, 2015, 09:06:50 AM |
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BTC costs the consumer money Bitcoin Discussion
"“Credit cards pay people [a tiny fraction of their customer base] at 1.5% [whil…
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n/a | Klestin | January 18, 2015, 01:22:44 PM |
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Bitcoin cold storage - HACKED easily Bitcoin Discussion
My trezor laughs at your exploit. No, seriously, it laughed. I didn't know it co…
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n/a | Klestin | January 18, 2015, 01:17:55 PM |
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What percentage of their coins stuck at Bitstamp will customers get back? Service Discussion |
n/a | Klestin | January 05, 2015, 12:59:49 PM |
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Destroy your wallet or go to gitmo? Are you ready to die for Bitcoin? Bitcoin Discussion
Die for my Bitcoin? No. Die for the freedom to use Bitcoin, etc? Yes.
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n/a | Klestin | November 22, 2014, 11:59:22 AM |
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Large bitcoin farm in Thailand burns down Bitcoin Discussion
I am personally curious as to how much mining capacity (in terms of PH/s) was lo…
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n/a | Klestin | November 06, 2014, 09:57:40 PM |
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Bitcoin Price Dropping ? How can I Protect The Value Of My Bitcoin. Speculation
I don't really think even the majority of sales via bitpay involve a bitcoin new…
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n/a | Klestin | November 03, 2014, 10:44:44 AM |
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Bitcoin Price Dropping ? How can I Protect The Value Of My Bitcoin. Speculation
Stop using bitpay & similar companies. This is misguided advice at best. Bitpay…
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n/a | Klestin | November 03, 2014, 10:09:14 AM |
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A difference of opinions at the Bitcoin Foundation regarding the XBT proposal? Bitcoin Discussion
OP has missed the entire point. The number of digits after the decimal is curren…
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n/a | Klestin | October 30, 2014, 05:32:08 PM |
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is it official? Bitcoin Discussion
IMO, the coindesk blog post makes a compelling case for XBT. BTC cannot be the…
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n/a | Klestin | October 28, 2014, 10:01:42 AM |
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Is Apple Pay a threat to Bitcoin? Bitcoin Discussion
First experience with Apple Pay: $26 at Panera, paid w/Apple Pay, still had to s…
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n/a | Klestin | October 27, 2014, 10:45:54 AM |
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Good news! Gavin Andresen: I think everybody should switch to talking in "bits" Bitcoin Discussion
You might have reversed the logic. A switch to bits would remove the messy 0.000…
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n/a | Klestin | October 22, 2014, 10:13:33 AM |
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Is cryptocurrency millionaire dream a thing of the past? Bitcoin Discussion
Million dollars per coin would be in the quintillions. . whereas the capitalizat…
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n/a | Klestin | October 16, 2014, 04:42:16 PM |
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Keeping your butts safe Bitcoin Discussion
I wonder if and how badUSB affects devices like trezor... The only thing i could…
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n/a | Klestin | October 15, 2014, 10:48:08 AM |
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Blocks are still taking way too long. Bitcoin Discussion
If we had shorter block times then we would see more orphaned blocks and more or…
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n/a | Klestin | October 12, 2014, 09:23:39 AM |
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Blocks are still taking way too long. Bitcoin Discussion
But for a consumer getting 2-5% cash back or rewards by using a credit card it's…
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n/a | Klestin | October 12, 2014, 12:15:01 AM |
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Blocks are still taking way too long. Bitcoin Discussion
The problem is that a lot of people were sold on Bitcoin being the future of con…
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n/a | Klestin | October 11, 2014, 11:47:04 AM |
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Andreas Antonopoulos kicked asses at the Canadian SENATE! Bitcoin Discussion
Absolutely and completely well done. Bravo.
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n/a | Klestin | October 10, 2014, 08:14:50 PM |
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Interview with Jeffrey Robinson on the "Pretend Currency, Bitcoin" Bitcoin Discussion
most of the time these business are just selling at market prices which pushes t…
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n/a | Klestin | October 07, 2014, 10:07:59 AM |
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Altcoin that will one day replaces bitcoin Bitcoin Discussion
If a cryptocurrency will overtake Bitcoin, it will have two attributes:- An extr…
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n/a | Klestin | October 04, 2014, 08:28:17 AM |
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ApplePay doesn't solve this. Bitcoin Discussion
Inflation is an issue, but the image is absurd. Items costing $20.00 in 2013 wou…
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n/a | Klestin | September 26, 2014, 11:18:09 AM |
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Height of Greed- Deny Satoshi's Bitcoin Bitcoin Discussion
Democracy != everyone for themselves. History is filled with examples of the vo…
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n/a | Klestin | June 09, 2014, 11:05:27 AM |
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Trezor: Bitcoin hardware wallet Hardware wallets
Somewhere between now and really-close-to-now would be nice too.
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n/a | Klestin | May 06, 2014, 08:20:27 AM |
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Is Bitcoin just a stepping stone to something better? Bitcoin Discussion
I don't think Bitcoin will not be around in 5 yearsAgreed, although I don't thin…
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n/a | Klestin | April 29, 2014, 10:45:34 AM |
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Bunch of virii found in chainstate files Development & Technical Discussion
Just tell your antivirus program to ignore the folder /Users/username/Library/Ap…
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n/a | Klestin | April 17, 2014, 09:14:56 PM |
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Interesting way to manipulate the difficulty? Bitcoin Discussion
Would never work. Not only would there be a counter effect like you said, but g…
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n/a | Klestin | April 17, 2014, 10:42:45 AM |
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Av reports viruses in sst file Development & Technical Discussion
1) Set virus scanner to scan only executables/scriptables2) No more false positi…
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n/a | Klestin | April 16, 2014, 09:37:23 PM |
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Trezor Usage Not Secure IMO Hardware wallets
my main concern is how it handles a hardware failure.During the initial setup, t…
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n/a | Klestin | April 14, 2014, 10:04:31 AM |
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What is this "heartbleed" bug I've been hearing about? Bitcoin Discussion
Openssl is a library that is shipped with a lot of OSes and basically allowed an…
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n/a | Klestin | April 11, 2014, 10:26:16 AM |
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Miners DUMPING their ASICs Mining speculation
Miners are dumping their asics on daily basis the number of asics on sale is sig…
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n/a | Klestin | April 07, 2014, 05:57:27 PM |
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Apple vs. Bitcoin - war is over? Bitcoin Discussion
It's not an app. It's a web site. This is news?
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n/a | Klestin | April 07, 2014, 08:11:00 AM |
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If there's a huge drop in hash power.. Bitcoin Discussion
Since the introduction in ASICs, there's never been a drop big enough where ener…
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n/a | Klestin | April 05, 2014, 08:43:20 AM |
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If there's a huge drop in hash power.. Bitcoin Discussion
If btc has a 90% drop in a short period of time, a lot of miners would turn off…
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n/a | Klestin | April 04, 2014, 10:29:35 PM |
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If there's a huge drop in hash power.. Bitcoin Discussion
I can imagine a realistic scenario when 95% of hash power disappears in a second…
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n/a | Klestin | April 04, 2014, 09:12:19 PM |
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If there's a huge drop in hash power.. Bitcoin Discussion
And for whatever reason, 95% of the hash power is taken off the network (which i…
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n/a | Klestin | April 04, 2014, 08:42:29 PM |
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New ransomware CryptoDefense Bitcoin Discussion
i'll just hand my computer over to the cops at that point. they can decrypt eve…
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n/a | Klestin | April 04, 2014, 09:00:34 AM |
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How did we let this happen? Bitcoin Discussion
Idiots like OP will get back in later this year when it goes to new all time hig…
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n/a | Klestin | April 02, 2014, 04:46:31 PM |
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Bitcoin's 21million total coin supply hinders it immensely Bitcoin Discussion
To be able to substitute a classical currency completely replace all currenciesF…
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n/a | Klestin | April 02, 2014, 01:37:23 PM |
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Bitcoin's 21million total coin supply hinders it immensely Bitcoin Discussion
To be able to substitute a classical currency completely replace all currenciesF…
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n/a | Klestin | April 02, 2014, 01:28:55 PM |
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Bitcoin's 21million total coin supply hinders it immensely Bitcoin Discussion
I've read somewhere that in a few millions years, the sun is going to die, and w…
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n/a | Klestin | April 02, 2014, 12:58:09 PM |
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OK, Denmark, time to step up. Legal
The IRS's ruling on virtual currencies specifies that they adhere to the definit…
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n/a | Klestin | March 30, 2014, 07:56:59 PM |
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Did the IRS make a big Loophole mistake? WHOOPS!!!! Legal
Solo miners are miners. P2Pool miners are miners.Traditional pool miners sell ha…
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n/a | Klestin | March 28, 2014, 11:11:12 AM |
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It is now next to impossible to spend bitcoins legally if your american Legal
I don't wanna be that guy but i'm going to be that guy. I don't see bitcoin as a…
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n/a | Klestin | March 26, 2014, 05:56:30 PM |
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Bitcoin Is Property Not Currency Legal
It's all very simple. The value of any property you receive is taxed. It could b…
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n/a | Klestin | March 25, 2014, 09:00:36 PM |
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Bitcoin Is Property Not Currency Legal
Only if you actually have some participation in operating the pool, as opposed t…
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n/a | Klestin | March 25, 2014, 07:56:12 PM |
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Bitcoin Is Property Not Currency Legal
The software engineers are taxed as they code. It's called salary. Even if they…
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n/a | Klestin | March 25, 2014, 07:42:31 PM |
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Bitcoin Is Property Not Currency Legal
The handling of mined coins seems inconsistent and problematic. A painter is no…
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n/a | Klestin | March 25, 2014, 06:46:47 PM |
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Bitcoin Is Property Not Currency Legal
Does this mean sales tax may be enforced on BTC as well?It could well mean just…
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n/a | Klestin | March 25, 2014, 05:25:57 PM |
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Bitcoin Is Property Not Currency Legal
Does this mean sales tax may be enforced on BTC as well?Perhaps, if your localit…
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n/a | Klestin | March 25, 2014, 04:53:56 PM |
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Why are private keys safe? Bitcoin Discussion
I do not believe any more in private key safety. As two days ago I realize someo…
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n/a | Klestin | March 24, 2014, 08:42:09 PM |
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Is Coinbase turning into another Gox? Service Discussion
In answer to op: "No"
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n/a | Klestin | March 24, 2014, 08:36:20 PM |
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If Satoshi was a "genius", then why do BTC transactions take so long? Bitcoin Discussion
I think you're confusing transactions with confirmations. The former is almost i…
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n/a | Klestin | March 21, 2014, 10:17:54 AM |
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if the number of transactions doesn't pick up by 8/16 miners will have to quit Bitcoin Discussion
Sweft's Law: The network hashrate of a proof of work cryptocurrency must rise a…
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n/a | Klestin | March 18, 2014, 06:18:13 PM |
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POLL: How likely do you think it is that Dorian is Satoshi, founder of Bitcoin? Bitcoin Discussion
There wasn't a 1 or 2 percent, so I voted 0%.Same here.
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n/a | Klestin | March 17, 2014, 01:23:32 PM |
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Mining Profitability Mining speculation
Butterfly Labs is still going to take another 5 weeks to start shipping the Mona…
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n/a | Klestin | March 11, 2014, 09:48:32 AM |
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How to steal Satoshi's stash? Bitcoin Discussion
Wake me up when someone factors 32 bit number using quantum computing. If QC be…
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n/a | Klestin | March 10, 2014, 09:52:58 PM |
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Dorian Nakamoto's hat looks a lot like the anarcho-capitalist flag Off-topic
Please tell me we've learned a lesson here about scrambling to make tenuous conn…
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n/a | Klestin | March 10, 2014, 09:26:32 AM |
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How to steal Satoshi's stash? Bitcoin Discussion
I have an issue with this, why can that picture use a Dyson sphere which is theo…
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n/a | Klestin | March 10, 2014, 09:18:58 AM |
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Andreas Antonopolous raising funds for Dorian Nakamoto Bitcoin Discussion
This is a bit like selection bias, taken to the extreme.If you take a bunch of f…
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n/a | Klestin | March 09, 2014, 10:34:22 AM |
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Dorian Satoshi being the real Satoshi? here are some facts... Bitcoin Discussion
It's possible that I've missed something. If he really did confirm saying "he wa…
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n/a | Klestin | March 08, 2014, 03:23:29 PM |
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Andreas Antonopolous raising funds for Dorian Nakamoto Bitcoin Discussion
This is a stupid idea.If this guy is Satoshi, he has plenty of bitcoins and he's…
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n/a | Klestin | March 07, 2014, 04:08:12 PM |
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