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Bitcoins - digital currency Bitcoins - digital currency

07-10-2014 , 08:00 PM
Quote:
Originally Posted by housenuts
http://www.sportsbookreview.com/sbr-...-option-12967/

I emailed them about their beta program but don't really see the point. They don't offer any benefits.
Thanks for the link.
As for your comments below, almost all Alts are btc clones so what do they have to offer? If btc could be replaced by a coin that merely had tweeks then that coin could also be replaced by another etc so these coins would not be a good store of value. The fact is that they will not replace btc. This has been discussed here before and I'm reiterating it a a prelude for the following.

In the link you provided it states the following misunderstanding of btc.

Quote:
The digital currency allows users to anonymously transfer and receive funds.
Even mixing services don't bring anonymity although this is a selling point of some new alts. btc was not designed for anonymity.

There is a new coin based on a different protocol than btc and that protocol was designed for anonymity. The original coin was mined by the devs for 2 years. Once it was found out a new coin called Monero was forked in order have a fair distribution.

The point is that this is not a competitor of btc but a compliment to btc because it offers something that btc can't, anonymity inherent in it's design.

It works but it's not ready for primetime as there were bugs and design flaws in the original implementation which affect usability. Monero was forked 2 months ago and the work that still needs to be done is being done .


Quote:
Originally Posted by housenuts
All altcoins suck and are bound to fall. I think there's a reason they are all falling. The only alts I'd consider investing in are 2.0 type coins/platforms
Quote:
Originally Posted by housenuts
What is the point of any alt? I see no reason for growth of any alt at present.

Alts are all pump and dump and none of them can have much longevity.
Bitcoins - digital currency Quote
07-10-2014 , 08:55 PM
Quote:
Originally Posted by cbayly12
Most alts are falling because majority of people are expecting a runup in the price of bitcoin relatively soon. A lot of big things are on the horizon for bitcoin, which is driving the prices of alt coins down. I expect litecoin to be back to the .025-.030 range before the end of the year, and possible much much higher depending on some big news.


Sent from my SAMSUNG-SM-N900A using 2+2 Forums
Litecoin is dead. It's only argument is dead (ASICPROOF!!), and miners mine to dump now.

There's no reason to assume one range from the past is the correct range. Most alts are falling because they are junk and miners who mine them just sell them because they are junk. Everyone is realizing they aren't going to be the ones who buy in the next big thing early and then have a runup.
Bitcoins - digital currency Quote
07-10-2014 , 08:57 PM
Quote:
Originally Posted by Gullanian
Shorting over 1 year, pretty sure the gap between LTC/BTC will just grow by more than 20%. I can't really see any instance where LTC grows significantly but BTC doesn't.
Can't you find some loltastic LTC bulls who think LTC will go up and you'll only owe them 5-10% in a year more LTC?
Bitcoins - digital currency Quote
07-10-2014 , 09:17 PM
Quote:
Originally Posted by waq
Even mixing services don't bring anonymity although this is a selling point of some new alts. btc was not designed for anonymity.

There is a new coin based on a different protocol than btc and that protocol was designed for anonymity. The original coin was mined by the devs for 2 years. Once it was found out a new coin called Monero was forked in order have a fair distribution.

The point is that this is not a competitor of btc but a compliment to btc because it offers something that btc can't, anonymity inherent in it's design.
anonymous/pseudonymous, whatever. i actually think the fact it's not anonymous is a helpful feature of bitcoin. for a cryptocurrency to grow it needs some level of regulation. the govts will never regulate a fully anonymous, untraceable coin.

most tweeks that alts can offer can be implemented into btc. sure there are some that can't, but at this stage it's going to be extremely hard for any alt to pass btc.

litecoin is done. peercoin is done. ripple is lol. investing in any alt is extremely speculative and in the long run i believe it to be a losing game. if there's something that will usurp bitcoin, it's not developed yet.
Bitcoins - digital currency Quote
07-10-2014 , 09:30 PM
Quote:
Originally Posted by sirlanka
I think it is dumb to bet ealy on a game where other people can bet at least until half time.
you can only bet on the final game until kick off.

some of the previous bets were until half time which was stupid. however, the weight system in these betting sites is so bad that it almost didn't matter. people that make such late bets only get a small slice of the pie. that's why right now the odds have changed from +380 to +130 on Argentina.
Bitcoins - digital currency Quote
07-10-2014 , 09:53 PM
why do BTCMixers not provide anonymity?
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07-10-2014 , 11:14 PM
Quote:
Originally Posted by PrimordialAA
why do BTCMixers not provide anonymity?
Pretty sure Coinjoin gives users complete anonimity if used correctly.
Bitcoins - digital currency Quote
07-10-2014 , 11:24 PM
Here is an article.

http://www.coindesk.com/blockchains-...curity-expert/

Here is a thread from a btc dev.

http://www.reddit.com/r/Bitcoin/comm...oin_is_broken/

To be honest I haven't really looked into it in any depth. I just hear what people are saying, some of whom I trust.
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07-10-2014 , 11:35 PM
Blockchain.info's anonymization tool does not work, that is correct.
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07-11-2014 , 04:25 AM
DarkWallet uses CoinJoin + Stealth addresses which should give anonimity. i am pretty sure once it's stable most other wallets will offer the same features
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07-11-2014 , 06:17 AM
Bitcoin noob:

I bought 1 Bitcoin a couple of months ago. I stored it in a MultiBit wallet. Then my computer crashed (I spilled water on it). I'm not able to turn that computer back on. Is it possible to get my Bitcoin back on a new computer?
Bitcoins - digital currency Quote
07-11-2014 , 06:59 AM
Quote:
Originally Posted by Enough Is Enough
Bitcoin noob:

I bought 1 Bitcoin a couple of months ago. I stored it in a MultiBit wallet. Then my computer crashed (I spilled water on it). I'm not able to turn that computer back on. Is it possible to get my Bitcoin back on a new computer?
yes. all you have to do is grab a copy of the backed up .key file that contains the keys. start the multibit client, then import the .keys file.
Bitcoins - digital currency Quote
07-11-2014 , 07:16 AM
The thing is after I bought the new computer I was still able to transfer most, if not all, files from my old computer to the new one. A couple days later the old one was completely broken. Shouldn't this mean I have the .keys file on my new computer? I don't have it after a quick search.
Bitcoins - digital currency Quote
07-11-2014 , 07:32 AM
Quote:
Originally Posted by Enough Is Enough
The thing is after I bought the new computer I was still able to transfer most, if not all, files from my old computer to the new one. A couple days later the old one was completely broken. Shouldn't this mean I have the .keys file on my new computer? I don't have it after a quick search.
im assuming you're using a windows pc ... if you never explicitly saved a copy of the .key somewhere else, you may find a auto backup in the root folder. you will have to go to folder options and view hidden files. the multibit folder is located in a hidden folder here

c:\...\AppData\Roaming\Multibit

find the latest .key file if you can...

edit: to say, but that root folder is on the original pc, not the one you copied some files over from the program files or my doc folders... anyway, without that .key file, im sorry to say but you have lost your bitcoins
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07-11-2014 , 07:53 AM
Try removing the hard drive from your old computer and hooking it up to the new one. May have to hire a specialist to do that if you can't.
Did the water damage the HD or just the CPU/motherboard?
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07-11-2014 , 08:03 AM
@ bucktotal: thanks. There doesn't seem to be a .key file in those folders (the key-backup folders are empty).

@ housenuts: that's what I was thinking as well. I think I can let a specialist do it for like 15 bucks around here, so going to explore that option. Will I retrieve the root folder by doing this or is that not possible?
Bitcoins - digital currency Quote
07-11-2014 , 08:05 AM
If your old hard drive isn't damaged it will be there. If it is damaged, it's still possible it can be retrieved but I'd imagine it will be more than $15.
Bitcoins - digital currency Quote
07-11-2014 , 08:06 AM
Quote:
Originally Posted by TomCollins
Can't you find some loltastic LTC bulls who think LTC will go up and you'll only owe them 5-10% in a year more LTC?
Trying but everywhere I look I get downvoted a lot lol
Bitcoins - digital currency Quote
07-11-2014 , 09:36 AM
Quote:
Originally Posted by Enough Is Enough
@ bucktotal: thanks. There doesn't seem to be a .key file in those folders (the key-backup folders are empty).

@ housenuts: that's what I was thinking as well. I think I can let a specialist do it for like 15 bucks around here, so going to explore that option. Will I retrieve the root folder by doing this or is that not possible?
i'd probably just take out the original HD and keep it safe somewhere. one day, it might be worth a few hundred dollars to recover it. in the meantime, buy another bitcoin, quick!
Bitcoins - digital currency Quote
07-11-2014 , 01:18 PM
Use the Electrum wallet and write the seed down and save it in a safe location(s) so that even if your computer falls in a vat of acid you can still retrieve your btc.
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07-11-2014 , 01:26 PM
The HD is probably fine. Was it a laptop?

I would get the file and get control of the btc rather than put the drive in a drawer somewhere. We all know that didn't turn out well for someone.
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07-11-2014 , 02:58 PM
I'll look into the different wallets if I can retrieve it. Electrum sounds good. It was a laptop, yes.

I read that horror story before and am probably going to a specialist next week.
Bitcoins - digital currency Quote
07-11-2014 , 10:48 PM
Quote:
Originally Posted by Enough Is Enough
I'll look into the different wallets if I can retrieve it. Electrum sounds good. It was a laptop, yes.

I read that horror story before and am probably going to a specialist next week.
Ivr had this happen and the simplest way is to know where the wallet directory was on my old harddrive. Once you have that info, I booted up my desktop with a Linux CD distro and was able to freely browse the old hard drive without compromising any of the information. This is of course assuming that your old HD still works, which sounds like it should
Bitcoins - digital currency Quote
07-12-2014 , 02:01 AM
Quote:
Originally Posted by Deep
5Dimes now accepting bitcoins for USD deposits in an expanding group beta and planning to support bitcoin withdrawals in the future.
whaaaaaat?
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