3 Best Bitcoin Wallets for iOS, iPhone & iPad (2020)
Is an iPad safe to store bitcoins?
So i have all my collage money saved up in bitcoins that I am probably going to convert into cash next year and probably after that chances are I am not going to be coming back to bitcoins for a long time This is the reason why I don’t wanted to buy a hard wallet So right now all my bitcoins is stored in BRD wallet on my iPad Also my iPad is not linked with any Apple ID or iCloud also it’s not jailbroken and I barely use it or download anything on it I wrote 12 word recovery phrase and kept it inside my safe Is there anything else I need to do to keep my fund safe?
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Jackpot City Casino Review Summary
Jackpot City Casino is a long-established and trusted online casino. The site was launched in 1998, so it has a 20-year history of satisfying customers with cutting-edge games and reliable payouts. Though it’s old by industry standards, in our Jackpot City Casino review we noticed that it provides the trendiest games on the market today: live baccarat, roulette, and blackjack dealers. Jackpot City Casino uses Microgaming and Evolution Gaming software to present the games, so the casino has nearly 1,000 popular games. Players can play progressive slots with over $6 million in jackpots or choose from over 40 variations of blackjack and over a dozen forms of roulette. Jackpot City Live Casino has 8 different live dealer games, including two live baccarat games and two live table poker games. Mobile players can play over 150 casino games, including Microgaming’s best online blackjack and roulette. Jackpot City Casino’s mobile slots list includes some of the most popular video slots in the world, including progressive jackpot slots and licensed slots. Bonus Amount: $1,600 Platforms Supported: Microsoft and Windows. Type of Casino: Online, Download, Instant Play, Mobile. Number of games: 1,000+ >>Get Free Credits Now>>
Payment and Processing Information
Jackpot City Casino has a tremendous number of deposit and withdrawal methods. If you have a single preferred method of payment, the chances are great that Jackpot City Casino supports it. When it’s time to withdraw your winnings, JackpotCity has a pending time of a day or two. Keep in mind that individual payment methods have their own delays. Read through the expected delivery times to determine which is the best payment method for you. WITHDRAWAL
Methods: MasterCard, Visa, Visa Delta, Visa Electron, NETELLER, PayPal, Skrill, Moneta.RU, Transferencia Bancaria Local, WebMoney, ecoPayz, eKonto, Postepay, Qiwi Wallet, EntroPay, iDebit, InstaDebit, Yandex, Check/Cheque, eCheck, Courier Check, Bank Wire Transfer, Direct/Local/Fast Bank Transfers, and EFT (Wire Transfer).
Limits: $4,000 Euros per week withdrawal limit. VIP players should negotiate withdrawal terms with the cashier.
Expected Withdrawal Times:24 to 48-hour pending process.
EWallet cashouts: 24 to 48 hours.
Credit Card and Debit Cards: 2 to 6 days.
Bank Transfers 3 to 7 business days.
Cheques arrive in 14 to 21 days.
Methods: MasterCard, Maestro, Visa, Visa Delta, Visa Electron, NETELLER, PayPal, Skrill, Skrill 1-Tap, iDeal, Paysafecard, Trustly, Citadel Instant Banking, Postepay, Abaqus, Euteller, mpass, Neosurf, Pago en Efectivo, todito Cash, GiroPay, MB Multibanco, MoneySafe Prepaid Card, Qiwi Wallet, Transferencia Bancaria Local, AstroPay Card, Boleto Bancario, Przelewy24, Reverse Withdrawal Request, SEB Bank: Direct Bank Transfer, DineroMail, eps, ecoPayz, Moneta.RU, eKonto, EntroPay, iDebit, InstaDebit, WebMoney, Payforit, Teleingreso, Yandex, Bank Wire Transfer, eCheck, and Direct/Local/Fast Bank Transfers.
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Limits Increased: Yes. The default withdrawal limit is €4,000 per week.
Jackpot City Live Casino is powered by Evolution Gaming Live, the leading live dealer provider in the online casino industry. Jackpot City Casino Live features 8 different table games. The list includes multiple tables of Live Blackjack, Live Baccarat, and Live Roulette, so players can bet at limits appropriate to their bankroll. Players also can play live dealer versions 3-Card Poker, Caribbean Stud, Ultimate Texas Hold’em, Dream Catcher, and Baccarat Squeeze.
Live Dealer Blackjack
In the live dealer blackjack tables, players will be able to find two types of blackjack variants: Classic Blackjack and Party Blackjack.
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Live Dealer Roulette
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Playing live dealer games eliminates the need for random number generators and video simulations. This is the way baccarat is meant to be played, with real card decks. Players will be able to find live dealer Punto Banco and Baccarat Squeeze at Jackpot City Casino.
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At Jackpot City, players will be able to find three types of live dealer poker, including Three Card Poker, Caribbean Stud Poker, Live Ultimate Texas Hold’em Poker. In live dealer, poker gamblers have the easy controls and hand histories, combined with the camaraderie and excitement of real-life poker casino gaming.
Available Poker Tables?: 1
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Live Dream Catcher
Dream Catcher is a spinning wheel game. Live hostesses spin a wheel of fortune with various prizes on the wheel. If you play slot machines a lot, then Dream Catcher is similar to the U-Spin bonus games on a Bally Technologies slots or IGT’s Wheel of Fortune bonus game.
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Jackpot City VIP Club
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Jackpot City Casino has a comprehensive set of online casinos games. Microgaming designed all the online slots, video poker, and table games, so the list of online blackjack and roulette is huge. Microgaming has one of the largest collections of slots titles, with over 400 video slots. That includes licensed slots with real clips and soundbites from famous pop culture franchises, along with a long list of progressive jackpot slots. The current biggest jackpot on a JackpotCity Casino progressive slot is over $6 million.
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Pai Gow Poker
European Roulette Gold
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Mega Moolah (Progressive)
Major Millions (Progressive)
Treasure Nile (Progressive)
The Dark Knight (Progressive)
The Lord of the Rings (Progressive)
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Break da Bank
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Hey there y’all. I’m still fairly new to bitcoin, and I’ve been purchasing from Cash App. I’m getting into researching Wallets and read somewhere it’s always safe to transfer your bitcoin to your wallet. I don’t own a fairly big amount yet to purchase a trezor or ledger (someone recommended to me those wallets especially if I hold a big amount of bitcoin). As of now I don’t have a desktop, only an iPad and my iPhone and I’m looking for a good iOS wallet? What do y’all recommend? I’ve downloaded BRD but haven’t done much with it. (I’m still confused to when to actually send my bitcoin to my wallet?) Anyway, thanks to those that help. Sorry for sounding like a noob lol.
BAT Community Weekly Update: 09/14/2018 to 09/20/2018 — Partnership announcement with Civic, official BAT/Brave meetup with Brendan Eich in San Francisco, Brave to be an official sponsor of ETHSanFrancisco, Brave featured in PopularScience tweet to 1.26M followers
Welcome to this week's BAT Community Update! Big thanks to u/MurphD for his excellent contributions! BLOG: “Civic to Offer Secure Identity Verification Services on the Brave Publisher Platform” Civic, the global digital identity leader, and Brave, an innovative privacy browser combined with a blockchain-based digital advertising platform, will collaborate to provide Civic’s identity verification services to Brave’s verified publishers. Publishers will have the option to use Civic identity verification and other Know Your Customer (KYC) services in order to securely collect the Basic Attention Tokens (BATs) earned via the Brave browser and the BAT platform. There are currently over 21,000 Brave-verified publishers, and 4 million monthly active users of the Brave browser. Brave users can opt to anonymously and automatically reward publisher content by donating BATs through the integrated Brave Payments system in the browser. In the future, publishers who provide their own Ethereum wallets to receive BAT payments will have the option to use Civic Reusable KYC to verify identity and ensure authenticity. Publishers will benefit from convenient, secure, and private identity verification through the Civic app. https://brave.com/brave-civic-partnership/
October 5th - 7th: BAT & Brave will be officially sponsoring ETHSanFrancisco — We will have a booth + development teams participating in the hackathon Come meet Jennie, Chris and Luke from the BAT Team + other Brave team members! https://ethsanfrancisco.com/
September 21st: Presentation + Q&A with Brian Bondy, co-founder & CTO of Brave at the Bitcoin Center in Buenos Aires, Argentina Brian R. Bondy @brianbondy Brian R. Bondy Retweeted manuel beaudroit I'll be doing a presentation and Q&A on @brave and @AttentionToken at the Bitcoin Center in Buenos Aires, Argentina. Please join me on Friday while there's still space. 7:24 PM - 19 Sep 2018 https://twitter.com/brianbondy/status/1042600367182241793
Medium article from fellow BAT Community member, Daniel Colin James: “The Attention Revolution: Your next browser will pay you” You’re about to witness a movement that will make the shift from desktop to mobile look boring. Google and Facebook amass staggering amounts of money by harvesting your data and charging advertisers for your attention, but that’s going to change very soon. The power is about to shift from the tech giants of Silicon Valley to the foot soldiers of the internet: me and you. https://hackernoon.com/the-attention-revolution-your-next-browser-will-pay-you-b8b12399c3f7
Who are your top 10 Brave verified publishers and creators? #BATCommunityTop10 Earlier this week we polled the community for your list of top 10 Brave verified publishers and creators with the idea of building a community-curated list of favorites! Here’s what you came up with: #BATCommunityTop10
BAT Community Merch Giveaway Winners! The winners for our BAT Community Daily Merch Giveaways for this week are: Monday (Reddit): u/wardaddy779 Tuesday (Twitter): @patelxyasmine Wednesday (Facebook): Perry Gorham Thursday (Contributor special): Rao Lin Friday (Instagram): alex_vincent Click here to see pics of previous giveaway winners rocking their BAT/Brave merch!: https://imgur.com/a/lhF1G9I Be sure to tune in to our social media channels every Monday, Tuesday and Wednesday and Friday to participate in our daily merch giveaways for your chance to win!
Not a tweet: Brendan posts on Hacker News how each user could potentially earn in just two years I would not be surprised if our users can make $70/year as we bring the system up in 2019 -- when ad deals will be harder to come by and we'll subsidize revenue from BAT's User Growth Pool -- and climb by 2020 to above .7 * 320 or $224 net user revenue per year. See the full comment here: https://news.ycombinator.com/item?id=18011884 Brian R. Bondy @brianbondy Tor support coming to a Brave Core Dev channel update soon. @anthonnytseng just landed the Tor feature. 25 commits, 3k+ lines. Great work! Sep 14, 2018 Over 21,000 publishers! BrendanEich ✔@BrendanEich We are paying over 21,000 publishers now. 10:06 PM - Sep 14, 2018 Eljuno of BAT Indonesia posts amazing pictures of their local Meetup! Eljuno @eljuno_ Replying to @eljuno_ @Brave demo at #BATcafe. About Brave Payments, Verified Publishers and How to withdrawal. cc @BAT_Community @AttentionToken @lukemulks @BAT_Indonesia pic.twitter.com/7Kzve0Ydrx Sep 15, 2018 Brian Clifton, Brave engineer, reflects on switching from the Muon fork of Brave to the Chromium fork Brian Clifton @_brianclifton When I started triaging our backlog, there were almost 2,700 issues and over 60 pull requests. We're now slightly over 700 issues and pull requests are down to 14 19 Sep 2018 What about supporting Blogspot? BrendanEich @BrendanEich We will get there. Reddit and Twitter accounts ahead, blogspot on list of UGC platforms. Sep 19, 2018 Glad to have you on board, Sampson! Sampson | brave.com @BraveSampson Today marks 2 years at @brave. I could not imagine a more exciting way to have spent the last couple of years than alongside this great team of visionaries and engineers. 2:06 PM - Sep 19, 2018 Brave lacks a communication channel between the author and browser user… For now. :) Hello @bobpoekert Replying to @BrendanEich @brave but what it doesn't have (and what makes patreon different from flattr) is a special communication channel between the author and the consumer. people give money to patreon because they feel a personal connection to the author & patreon optimizes for that BrendanEich @BrendanEich We are working on that -- has to support 'nyms of course, and be opt-in for anonymity by default. 11:52 PM - Sep 19, 2018 Conlan Rios @conlan @BrendanEich random shower thought: would be cool if users could share domain(s) that they've pinned with their active monthly % allocation. The digital equivalent of a bumper sticking saying "I'm a proud supporter of radio station/newspape affiliation X". BrendanEich @BrendanEich Yes, this and sharing bravestats (the colored numbers of blocked/upgraded on new tab page) are great ideas. Putting into mix with Product folks. 7:17 PM - Sep 18, 2018
BAT/Brave in the News:
As Brave Gears Up to Weaponize Privacy, Google Becomes Its Primary Target Representatives of Brave, the Open Rights Group and University College London filed simultaneous complaints with Data Protection Authorities (DPA) in the U.K. and Ireland under GDPR rules. The concerned parties are seeking a pan-European investigation into the practices of just about every ad-tech company—Google, in particular—in a challenge that will have far-reaching implications for the media business if successful. https://www.adweek.com/programmatic/as-brave-gears-up-to-weaponize-privacy-google-becomes-its-primary-target/
Popular Science Features Brave in the article “Ditch your phone's built-in web browser for these seven alternatives” We do a lot of our web browsing through our phones: More than half of site visits originate with mobile devices. Android and iOS phones both come with default browsers made by the platform's developers. On Android, Google Chrome takes pride of place, while iPhones and iPads rely on pre-installed versions of Apple's Safari. However, these are far from your only choices. Just like your computer, your phone offers a variety of options to help you navigate the internet. We collected seven feature-packed web browsers that protect your privacy, reduce your data use, boost your speed, and more. https://www.popsci.com/alternative-phone-browsers
News You Should Know:
Apple moves to thwart Facebook tracking Facebook and other companies routinely track your online surfing habits to better target ads at you. Two web browsers now want to help you fight back in what’s becoming an escalating privacy arms race. New protections in Apple’s Safari and Mozilla’s Firefox browsers aim to prevent companies from turning “cookie” data files used to store sign-in details and preferences into broader trackers that take note of what you read, watch and research on other sites. https://mashable.com/article/apple-safari-browser-block-facebook-cookies/
Uninformed Consent Technology has advanced far beyond the browser cookies and retargeting that allow ads to follow us around the internet. Smartphones now track our physical location and proximity to other people — and, as researchers recently discovered, can even do so when we turn off location services. We can disable the tracking on our web browsers, but our digital fingerprints can still be connected across devices, enabling our identities to be sleuthed out. Home assistants like Alexa listen to our conversations and, when activated, record what we’re saying. A growing range of everyday things — from Barbie dolls to medical devices — connect to the internet and transmit information about our movements, our behavior, our preferences, and even our health. A dominant web business model today is to amass as much data on individuals as possible and then use it or sell it — to target or persuade, reward or penalize. The internet has become a surveillance economy. https://hbr.org/cover-story/2018/09/uninformed-consent
Daniel Colin James posts a great series of tweets about Brave! Daniel Colin James @dcwj Retweet if you’ve ever experienced this. Like if you never want to experience this again. Read this thread if you want to learn how the internet is fundamentally broken, how you’ll never have to see a terrible ad ever again, and how your next browser will pay you. Sep 18, 2018 Also, see the Medium version of his thread here: https://medium.com/@dacoja/the-attention-revolution-your-next-browser-will-pay-you-b8b12399c3f7 Reddit user NegusIsBack posts how using the Brave browser with Tor could help save $500 on a flight. See the post here:https://www.reddit.com/BATProject/comments/9gkcow/brave_browser_is_best_for_booking_flights/ Marvin Pido @marvinpido Finally @brave updated to the latest Chrome design. Loving the all white UI. If you can add a dark theme, game over. 4:13 AM - 20 Sep 2018 NEULAND. @NEULANDAgentur Today we test the browser @brave. Looks great! #chromium #browser #brave #neuland #agency #agencylife 20 Sep 2018 Deebs 🏈 🍺 🥓 🇺🇸 @DeebsFT Replying to @tcal1961 @tugboatphil and 4 others Hey, @brave! pimping your awesome browser a lot on here today. Prepare for an influx of new users! 23h23 hours ago
How to buy Ripple with Coinbase & Shapeshift (Feedback welcome)
I had some real issues using the big exchanges to purchase XRP. After a few days of research I finally put a tidy sum in a paper wallet to forget about for a while. My friend asked me a for a How To, and this is what I sent him. Thought I would post here as it would've been useful to me. Would welcome feedback and any contributions to make it better. Step 1. Open a Coinbase Account (boo!) and buy some Bitcoin Step 2. Get a XRP Cold Storage Wallet Firstly - you need an address / cold storage wallet to store your XRP On laptop/ipad use an incognito type web browser to head to this website: https://ripplewallet.pro/ Once there put your device in airplane mode and turn off any wifi connection. Scroll down on the page and hit "Generate New" a whole bunch of times. Write down the Ripple Address and Secret key PERFECTLY on paper (you don't need the QR Codes). I mean it. Check it twice and then check it again. Read the one on the screen it out loud to someone else who can check it against the paper for you. Don't fuck this up. Hit generate a few more times just to be safe and then delete your browsing history if you didn't do this in an incognito browser. Close the browser and then feel free to flip your wifi back on. Step 3. Create a watch-only XRP wallet on your device Next you need a wallet application on a laptop so you can view the balance of the paper wallet you created above. Download this: https://rippex.net/carteira-ripple.php#/ Install it on your laptop and open it up. Click the second tab "Read Only Mode" Type in your Ripple Address (not the secret key!) and then hit Open Account. Now if you pay in anything to this wallet you can see the balance in here! Your laptop also can't hack into the account because you didn't type in your secret key! Good times! Security Check - take a moment to make damn sure that the ripple address in the top right corner of the app is exactly the same as the one you wrote down. Copy and paste it into a notepad on your laptop. Label it RIPPLE ADDRESS just so you don't make any other mistakes later. Step 4. Buying Ripple - Direct from Coinbase (hmmmmm...) Note: You might want to test this with a small amount of bitcoin first (£10 worth) to make sure it works. You will see why in a minute. It'll double your fees but, safety first! Open Coinbase in a browser tab First, go to Tools > Addresses. Make sure BTC Wallet is Selected in the drop down menu and then one of the Addresses into your notepad. Label it BITCOIN REFUND ADDRESS. Next, go to Accounts > Bitcoin Wallet and click Send to bring up the dialogue box. In a NEW TAB go to Shapeshift.io Deposit: BITCOIN! Receive: RIPPLE! On this page there are usually warnings about slow network traffic. As far as I can tell, this shouldn't matter, but it is worth noting. Type in 25 Ripple (the minimum you can have in a wallet is 20) and it will generate the Bitcoin cost. Select 'Precise' and 'Continue' From Notepad copy your RIPPLE ADDRESS into the 'Your Ripple Address' box. Copy your BITCOIN REFUND ADDRESS into 'Your Bitcoin Refund Address' box. Ignore the 'Destination Tag' box. Agree to Terms and... [As soon as you click Start Transaction you will have only 5 minutes to send the Bitcoin it asks for to the address it provides. As far as I can tell it is very quick at telling when you've sent it, but it still makes me nervous. I have done it with Coinbase before and the transaction has timed out, but my Bitcoin has still been sent into the ether and lost. But from what I can tell this is rare/impossible.] Start Transaction It will say "Please send XXX Bitcoin to this address: xxxxxxxxxxxxxxx" Copy the address, and BTC amount into the Coinbase send dialogue. Double check the address and amount is right!! Hit Send. Back in Shapeshift, after a few seconds you should get a green tick next to 'Pending Confirmations' and the timer should vanish. Next, Awaiting Exchange will flash for minutes... maybe hours... Now is the time to go make a cup of tea and watch a couple of episodes of Ozark. Better not to worry about it until... Eventually everything will be confirmed! The BTC will have left your account. Everything will be green in Shapeshift and your XRP will show up on your watching-only Ripple Wallet. I copy the urls for each Shapeshift transaction page into a spreadsheet so I can go back and check any transaction details if I need to That's it. Then you can close everything and know you have a sweet pot of XRP magic waiting to explode all over your bank accounts. Just DO NOT FUCKING LOSE that piece of paper with your secret key on it. Maybe worth typing the codes (unlabelled) into notepad, printing them off 3 times, laminating them and giving one to your mum to look after. Edit: Corrected steps #s
Point Of Sale (POS) is one area bitcoin does not have much dominance. Every professional point of sale suite / system, and every good point of sale app on iOS and Android does not offer the option to accept bitcoin payments directly. These days most new small start-up businesses (cafes, restaurants, clothing stores etc) are avoiding the expensive traditional POS systems and they are opting to just use their ipad or tablet and downloading a high quality point of sale app, of which there are many. A large majority of small businesses are doing this to save money in their early stages, and those small businesses in developing countries like south east asia, africa, india and south america are most of the time accepting cash only. Their point of sale app is just a way to keep track of inventory, calculate incoming cash payments, give change, and basically keep good reporting of total sales, highest grossing items etc. Its a shame that none of these "go-to" popular POS apps have bitcoin as an option. The options are always just cash, visa, mastercard. And accepting credit cards comes with high monthly subscription costs and the loss of 2% of every transaction. What if some of the most popular POS apps on the app store gave the option to add bitcoin. Or more specifically LN payments. It would allow for every new business, or every existing business who uses a POS app to press a button, add an xpub key and boom, they are now professionally set up to accept bitcoin. Given, most will not do this until bitcoin can display stability. But atleast that option would then always be there in the future for them to simply turn on. If you believe bitcoin will become mainstream, then a fantastic business to start building now would be a free to use high quality POS app with the option to accept either cash or LN bitcoin payments. This would also bring competition to other existing POS apps who may follow suit. With LN basically here and adoption the only thing standing in our way, having a few popular POS apps integrating the ability to accept LN payments would be a fantastic opportunity. Imagine if all new businesses around the world were using a POS app that could at any time begin recieving bitcoin LN payments by pressing a button. By the press of a button hundreds of thousands of businesses could simply turn on bitcoin payments all at once. We have bitcoin wallets, we have bitpay for those who want to recieve bitcoin but get dollars. But what we dont have yet is bitcoin integration into high quality POS apps. We either build it ourselves or we start pushing for existing POS apps to integrate LN payments by way of emailing their customer support. TLDR; Merchants will only accept bitcoin if it is integrated into their POS system or available in the POS app they use, because hacking on a bitcoin wallet does not integrate into their business needs, like inventory tracking, complex sales reports etc. This is true even of tiny cafes. We wont see merchant adoption until they can easily just switch it on within their existing POS set up. Luckily, it seems that square (the most popular POS app) is looking into letting users buy and sell bitcoin. We need square to push a software update that allows their millions of users to be able to just press a button and start accepting bitcoin within their POS system. Click "accept bitcoin", punch in your xpub key, and like magic you can accept bitcoin through your existing set up completely integrated with the rest of your business. Once square does this all their competitors will follow.
There are many competing proposals to address scalability. For the most part I don't think scale is an issue right now, though it might become an issue quite quickly. Bitcoin's consensus algorithm requires a very conservative approach to change, so I certainly think it is best to solve problems when they are actually problems and not before. Optimization and scaling should be done much later in the lifecycle of a technology, right now we're in the experimentation stage. However, it is important to continue to research possible optimizations and make sure that no design limitations are introduced.
Don't worry, it's not a problem until it becomes a problem. No need to worry about the known issues until shit hits the fan. Very strange reasoning from a so called security expert. Does he use the same logic for security issues? Oh there's a bug in the software that can be exploited? No worry, just leave it there until someone actually uses it to steal 5 million dollars worth of bitcoin. On favoring bitcoin over altcoins
It is actually very difficult to bootstrap a successful currency that is necessary to back the security of the network. It took 3 years for bitcoin to evolve to a level where attacks against the consensus algorithm became very difficult. Bitcoin has a tremendous "network effect", in my opinion, which may give it an insurmountable early-mover advantage. In technology it is often not the best technology that "wins", but the one that achieves broad enough adoption and recognition early enough. Good enough beats best if deployed broadly.
So bitcoin is not the best solution but they were first so screw everybody else. On the cause of bitcoin's recent price drop
Sentiment disconnected from fundamentals driving a tiny pool of liquidity into a whiplash reaction. Bitcoin continues to work at a broad range of prices and is dynamically adapting to the price change. Bitcoin will remain, in my opinion, a relentless anomaly that refuses to go away - a black swan that cannot be ignored or extinguished.
If you string enough buzzwords together, it will look like a serious answer to the untrained eye. Also, obviously it's because something is disconnected from the fundamentals. On why 'average' people should use bitcoin
To experience the future of money. To gain a glimpse into an exciting technology. To learn about how money could be in the future and also become aware of how limited money and banks are today. For the "other 6 billion" who don't enjoy international, control-free banking as we do, bitcoin represents an opportunity to become part of a global economy which up till now did not exist. For those users, bitcoin is more than just a curiosity, it might be a doorway to connect to the world.
i.e. To enjoy the true euphoria that is the libertarian utopia. On where he sees bitcoin in one year
It's still far too early. Bitcoin is at the same stage as the Internet in 1992-1993. At that time, it took UNIX command-line skills to send email. No way near ready for mainstream adoption. However, while it took almost 20 years from the day I sent my first email until my mom used her new iPad to send her first email, bitcoin is likely to be adopted on a much more accelerated schedule. After all, there is no need to deploy much infrastructure - you can just download an app. Overall, I expect people will be surprised by how fast the technology and adoption evolve, rather than the opposite.
So the first part is a blatant lie. Then it gets confusing since the first web browser was released in 1991 and the world wide web was first created in late 1989. So after 6 years, bitcoin is in the same place where the web was after 2-4 years. Six years after the web was made, we had computers with browsers in our schools. I have a bank statement which I printed from my online bank from 1998. It took a new electronic money transfer service that lets you easily send money with a smart phone app the banks introduced in late 2012 exactly 2 years to reach 2 million of a 9 million population. If bitcoin was considered useful, it would have been huge by now. We see now proof of any major growth and no, it's not like the internet. 6 years is starting to look rather embarrassing. Google had a market cap of 23 billion USD after 6 years. On the centralization of mining
It ebbs and flows. I don't see it as a problem, I trust the market to dynamically adapt. The consensus algorithm creates a set of incentives that reward good actors and punish bad actors. So far, it is working better than anyone expected.
It doesn't ebb and flow. It is steadily centralizing because of economy of scale. Apparently, moving the control of the entire network over to a handful of Chinese miners is working as intended. I asked him what mechanisms there were for decentralization and what incentives there was for small scale miners. I did not get a response from Andreas. I got a couple responses from other people that failed to understand the question. Anyway, it seems like Andreas is taking the same approach here as with scalability. It's not a problem now so lets ignore it until there's only two miners left. On non-user friendly bitcoin addresses
When I first used the Internet, I had a list of IP addresses folded up in my wallet. Those were the days before DNS. My first email was sent to an IP address. There are already many active proposals to replace and hide addresses. I expect they will disappear just like IP addresses are hidden from most user's view.
Someone else will solve it probably. Just post it in the wiki and it will sort itself out. Because why make something user friendly from the start when someone else can solve it later? On non-reversible charges
Non-reversible charges can be addressed in a number of ways. I recently did a presentation in Sydney Australia where I talked about using automated escrow with multi-signature addresses and time-locked transactions to achieve simple consumer protection and chargebacks on the bitcoin protocol. It's programmable money, the possibilities are endless.
So no chargebacks are no longer a selling point and to solve that, lets introduce a third party in the equation and make the transactions even slower. On bitcoin's volatility
I expect bitcoin's volatility will decline in direct relation to the size of the currency market. As bitcoin is adopted more broadly, it supports a bigger economy, more people rely on it and price things in it, it becomes harder and harder to "push it around" for speculators. That of course assumes transparent markets (exchanges) that are not manipulated.
Well so far, bitcoin exchanges and other big players have been far from transparent. There's also been quite a bit of manipulation because it's relatively easy and there's no one to stop them from doing it. I guess it's true that the price would stabilize if you got enough people using it. How that will happen remains a mystery and there's no real sign of any major growth in users. The daily volume in dollar have been pretty munch constant since March 2014. The only reason bitcoin volume is increasing is because the value is decreasing. On VC investments in the bitcoin in 2015
I think the investments in bitcoin startups and the related ecosystem will grow even faster in 2015. Most exciting technology is not only attracting investors, but also some of the smartest techies, devs and designers I've ever met.
It seems like quite a few comapnies could use a new injection of VC money since they seem to be bleeding money. Companies are closing down because of low profitability. Others refuse to reveal any relevant numbers but it seems like it's very hard to make a profit. Based on the claimed transaction volume and fees, bitpay are burning through that VC money they got at an alarming rate. Luckily, they don't wast it one useless stuff like a football game... As it stands, I doubt we'll see a large influx of new VC money. Once investors see that companies in the bitcoin space are starting to go bust, they'll probably stay away because there's no money to be made. You need an actual growth or a great promise for growth to attract investors. Bitcoin fail on both points right now. On the first (and last) thing he bought with bitcoin
First: I bought a pound (lb) of coffee, for about $1200 in today's money, in 2011 ;-) Last: A physiotherapy session for about $80, yesterday.
That's just too easy... TL;DR: A whole lot of buzzwords and hot air...
Jaxx by Kryptokit beta with feature for added security PIN updated on all devices / platforms
Anthony from Kryptokit here. We've decided to alter our initial roadmap for Jaxx due to feedback from the community. Of all the requested features, the most common one has been the ability to add a PIN for extra security. While we still are working to add global password / PIN across all devices via PGP, we were able to institute a device specific PIN in the meantime that can be easily switched over to the global system down the road. The lastest release rolling out today, Jaxx Beta (0.0.12), adds an optional 4-digit PIN. Once entered and confirmed, this PIN will be required whenever sending funds from the wallet or accessing Jaxx’s wallet-pairing tools. It can be setup in the setting menu. With Homestead on the horizon, we've been asked if there will be any impact on Jaxx once it goes live. As long as those responsible for some of the 3rd party APIs we use make the appropriate adjustments, we're confident Jaxx wallets should not be affected. We're in contact with the appropriate teams to work to ensure a smooth rollover. As always, though, we recommend everyone backup wallets immediately in the settings when creating new wallets. On another note, As some users are already aware, we are experiencing an ongoing issue that is causing the Ethereum wallet to not work on a limited number of Android devices. This issue originates with an external Ethereum service, not the Jaxx code itself. For this Jaxx release, we have added a modal that will pop up on affected Android devices when users attempt to create a new wallet. This modal will prompt users to send an auto-populated email to our team with their device and OS specs. This information will help us and the external devs to diagnose and fix this issue. Jaxx Ethereum and Bitcoin beta wallet is available for Android & Iphone tablet / mobile, chrome and firefox extension, and Windows, Mac & Linux Desktop versions. All versions of Jaxx are available at Jaxx.io via links to various stores (play, chrome etc.) or by direct download in the case of the desktop, firefox extension and Apple versions. Unfortunately, since Apple only allows limited betas accounts, we're running out of slots for Iphone so the first ten to request one from our website will be granted access. We have plenty of Ipad beta accounts left so please feel free to request access to that version via our website. Thanks to everyone who’s sent in feedback and suggestions so far, and thanks to the whole Kryptokit for working their butts off and pivoting from plans to get this new beta release out quickly with PIN feature. Later this week we plan on rolling out an advanced send feature to allow custom gas and custom data when sending to contract via the Ethereum wallet. We're also planning this week deploy the feature to transfer funds from paper wallets to you Jaxx wallet for both Bitcoin and Ethereum. Reminder: Jaxx is beta software. Please only stick to small amounts you’d be willing to lose. Changelog (v0.0.12) All versions: Security PIN option added for Send and mnemonic access Fixed QR scan text-field clearing issue Desktop versions: Copy/paste issue fixes Android Warning modal added for devices with Ethereum wallet issue
https://preview.redd.it/5eje0vrpcrm11.jpg?width=852&format=pjpg&auto=webp&s=504c6ca89d5c24a845fbf2a22e68e5a0278590fc For beginners, Airdrop is not the Airdrop that you think of in your iPhone, iPad or MAC, it’s different in the Crypto world, and for some people who know AIRDROP, please read below to gain more information about AIRDROPS and how to get them! What is AIRDROP? An AIRDROP in the cryptocurrency world is a free distribution of blockchain-based currency tokens or coins; such as Bitcoin or Ethereum, etc. Usually, Airdrop is being used as a marketing strategy in every upcoming ICO in the cryptocurrency world to bootstrap their virtual currency projects, spread awareness, gain attention and new followers to support their project. How to gain free AIRDROPS? Cryptocurrency enthusiasts gain free tokens by accomplishing the tasks given by the ICO such as; join their telegram channel, register to their website and follow the social media accounts they have. Once they have verified that you completed all the tasks required, you will receive your airdrops. Where can I find information about new AIRDROPS? Anyone can get AIRDROPS! There are many websites about new cryptocurrency airdrops. However, some of the referral links require payments to access their site. Here are some free verified websites where you can get Airdrops:
https://preview.redd.it/jn7idf0tmf311.jpg?width=152&format=pjpg&auto=webp&s=1996f459fdd4435fd20587015dcd351141be2893 Under the updated App Store Review Guidelines, cryptocurrency-related applications will be categorized into a particular criterion: Wallet, for apps from developers “enrolled in an organization” that facilitate virtual currency storage; Exchange, for apps that facilitate transactions of cryptocurrency on an approved exchange, provided that they are offered by the exchange itself. Apps are also forbidden from using an iPhone or iPad chipset to mine directly for cryptocurrencies. Only mining activities performed in the cloud or otherwise are allowed.
“Apps, including any third party advertisements displayed within them, may not run unrelated background processes, such as cryptocurrency mining,” according to the revised guidelines.
Meanwhile, apps for initial coin offerings (ICOs), cryptocurrency futures trading, and other crypto securities or quasi-securities trading must come from established banks, securities firms, futures commission merchants or other approved financial institutions, according to the revised Apple rules. The apps must also comply with applicable laws. Finally, applications — even those already on the App Store — that offer cryptocurrency from completing specific tasks are now prohibited. These tasks include downloading other apps, encouraging other users to download the app, as well as posting to social networks, among others.
“Cryptocurrency apps may not offer currency for completing tasks, such as downloading other apps, encouraging other users to download, posting to social networks, etc.,” according to the last rule.
Apple’s App Store is already much stricter in its attitude towards cryptocurrencies compared to marketplaces such as Google Play. In 2014, the Cupertino-based tech giant removed all Bitcoin-related applications, and, a couple of years ago, it asked companies to remove digital assets such as Dash from their apps. These rules may affect some of the apps on the App Store as well as those that may be published in the near future. Source
Jaxx by Kryptokit launches first Ethereum & Bitcoin wallet for iPad
Anthony from Kryptokit here. I'm excited to announce that today, we're launching the beta version of our new Jaxx Bitcoin & Ethereum wallet for iPad. Due to the limitations Apple places on beta products, we are only allowed to offer the beta to a limited number of users. If you're interested, email [email protected] and we'll get back to you with a download link. Any feedback we can get from this beta release is tremendously helpful, so if you do score a copy of the iPad Jaxx beta, please let us know about your experience with it, and if you think anything needs improving. Thanks as always to the Ethereum community, which has been tremendously supportive throughout the Jaxx roll-out. Reminder: Jaxx is a beta product. Stick to small amounts you'd be willing to lose.
Link to all my other Bitcoin Guides NOTE:If you decide this is too complicated for you; web wallets like coinbase have an offline storage option for bitcoins that is in all likelyhood probably a totally safe and viable option for general users. If you really can't understand this, I recommend simply using their cold storage option. Here is my step-by-step guide on Bitcoin cold storage, or at least the method I use. I recommend starting by first reading my Cold Storage Concepts Guide as otherwise you may not understand some of these steps. What we’re doing is actually very simple and straightforward, but unfortunately looks a lot more complicated than it is. This guide is for anyone who has a large amount of bitcoins and wants to store them securely for a large amount of time, instead of relying on third party wallets like blockchain.info or coinbase.com who might be compromised down the line at some point. Note that I use OSX and other apple devices so unfortunately this guide is biased for those using apple… please don’t flame me. Alternatives exist for everything I list here for both Windows and Linux, just post if you get stuck I’m sure someone will help you. There are many approaches you can take to cold storage, and the methods you use will depend on the level of paranoia you have and the degree of security you need, but this method will work for around 99% of people. I welcome any and all feedback, and I encourage anyone intending to use this to read comments below to get second opinions. YOU WILL NEED
5 normal 6-sided Dice (note: physical dice only! Do not use software!)
A trustworthy electronic device capable of using bitaddress.org (I recommend using an non-jailbroken iPad or iPhone)
Download a QR reader app
A copy of the Diceware password generation list, either on paper or on a separate screen
Pen/pencil and relatively strong paper.
Disk Utility, or other software to create encrypted drives
Dropbox account, Apple’s upcoming iCloud storage, or a relatively trustworthy long term network storage
A physical long term storage location, preferably in or near your house.
Some notes on requirements: We use 5 dice minimum as otherwise it will take you forever to generate passphrases, the better quality the dice and the more you have the quicker you can make passphrases. I recommend using iPads or iPhones because to my knowledge they are more secure than android in terms of viruses/malware (someone in the comments will no doubt correct me on this though). Alternatively you can buy a cheap laptop and brand new hard drive. On to generating the cold storage addresses! I’ve made extra notes at the bottom for more detail. COLD STORAGE METHOD
Lock yourself in your room, gather your things and make sure no-one is going to disturb you.
Get your dice and your diceware list. Roll 5 dice, look up the password and write it down. Repeat this at least 8 times to generate a passphrase for each cold storage address you want to make.
Write these down on a piece of paper as clearly and neatly as you can.
Take your iPad or other device and connect to the internet. Google ‘bitaddress’ and go to the top link (1).
Once you have loaded the bitaddress website, disconnect from the internet.
Click on the ‘brain wallet’ tab. (4)
Carefully and checking it over three times, enter each of your 8 word or more diceware passphrases, and click ‘generate address’.
Be careful that autocorrect didn’t change any of your diceware words
Generate a further 4 or 5 word passphrase that will be used as your ‘Master Key’
Take a screenshot of all of these addresses. On iOS devices this is easily done via the Home+Power buttons.
Close the Bitaddress website on your device, purge your internet history, cookies, etc.
On your laptop, disconnect from the internet and create an encrypted drive. Here’s how to do that in Disk Utility.
Make sure this drive is password protected with your Master Key from step 8.
Transfer screenshots of all of your cold storage addresses from your trusted device to the encrypted drive.
Triple check this worked, then delete all screenshots from your trusted device.
Use a QR reader to scan the PUBLIC addresses of all your cold storage addresses. Save these in your notes or email them to yourself (2)
Unmount the encrypted drive. Take this drive and put it on your dropbox folder or other network hard drive.
Reconnect to the internet on your computer and sync with dropbox or other service.
Take your piece of paper with your diceware passphrases on it and store it somewhere securely (3)
Go to your active bitcoin wallet, and send your bitcoins to cold storage. Congratulations, they are now secure.
Now a few things about what we did. We saved 2 copies of our cold storage private keys (the piece of paper, and the encrypted drive); this means if your whole house burns down then you still have a copy of your private keys in the cloud. If you forget your master key password, then you still have a physical copy in your house as a backup. We encrypted the drive so that anyone who gains access to your dropbox won’t be able to open it. You could even keep several copies of this encrypted drive spread over several locations and computers and it will still be safe. If anyone somehow finds your piece of paper, they will only see a list of random words and won’t necessarily know what it’s for (unless you leave detailed instructions or the word ‘bitcoin’ on it..!). You also used diceware so your passphrases are completely random so no-one can guess them, and in fact are almost as strong as the cryptography in Bitcoin itself. Also, it was easier to write down 8 english words than a random sequence of 1-6's so there's less of a chance you wrote down your passphrases incorrectly. To get your bitcoins out of cold storage, just scan the private key into your hot wallet, or re-generate the private keys from the diceware phrases you wrote down. (1) this prevents you from mis-typing the address and getting a phishing page. (2) We use a QR reader because this prevents writing the public keys down incorrectly. (3) i.e. a safe, or inside a book in your library, on the back of a family picture that doesn’t get moved much. Spend some time thinking about how you want to approach this. (4) You may have heard brain wallets aren't safe... this is not true. Only a non random brainwallet is unsafe (like one made from song lyrics), but since we generated our passphrases with dice they are random and the brainwallet is secure.
File > New > Hardware wallet. Both Trezor and btchip work as they do on OSX, apart from the Pi's slow CPU taking ages to generate the HD tree and Sync. Limitations At this stage a Pi is too slow to receive btchip's 2fa OTP confirmation code, with the auto-type saturating the text buffer. I'm confident Nicholas can fix this in firmware. Edit: an ipad2 + Apple CCK is too slow to buffer the seed about 1/4 times. Edit 2: an iPhone5/retina iPad mini + Lighning to USB camera cable works with btchip with iOS 8.1 with selected text editors. You can use btchipPersoWizard.py to restore a BIP39 mnemonic, however btchip's HW1 is unable to support on-device BIP39 seed+passphrase, but this feature might be added to the electrum plugin later. I don't know if greenaddress CRX will work on piper, there doesn't seem to be an official armhf build available from google, and the latest sudo apt-get install chromium version is v22 whereas Chrome is at v38. (it might be possible to download https://github.com/greenaddress/WalletCrx and pack/drag-drop the extension manually in developer mode)
My name is Joe Average. I am the 80% of people who found out about bitcoin. I found out last week that an ATM for a new type of special currency is being released in my hometown, Vancouver BC Canada. Like many others, I'm still clueless about bitcoin, despite spending my halloween weekend researching it, trying to find out whether it's a trick or a treat (sorry I had to). In this post, I'll list what I know about it, then list the thoughts, problems, and barriers that I, and probably 80% of the population, feel about bitcoin. These things are probably most relevant to those of you bitcoin enthusiast that have a vested interest in the success of the currency/commodity, because the general public represents a population that will influence the capacity that bitcoin can have in society. Bitcoin has many advantages. Here are the advantages that I came across in forums and news articles: -free from government influence -zero bank fees -limited resource, naturally appreciating value -relatively anonymous -intangible, convenient to carry -irreversible transactions And here are some problems, starting from the most relevant one which probably everyone thinks of right off the bat: 1-Bitcoin or cash? Why should I bother using bitcoin? Dozens of local merchants in my area are accepting bitcoin. Wow that's great! Now I can spend 2 hours acquiring bitcoin from a private, ungoverned, unregulated exchange (more on that later) and buy a medium belgium hot chocolate from waves (great drink by the way). Paying with card or cash? No ma'am, I'm paying with BITCOIN big teethy smile, eyebrows up and down several times Ok, bust out the ipad or whatever, spend 15 minutes waiting for the cashier to grab her ipad, unlock the screen, get a network connection at coffee shop network speeds, tap the bitpay app or w/e, load the app, scan my qr code, wait for the transaction to verify, blah blah blah, meanwhile, big ass line up forms behind me and I'm the big asshole who decided to pay with bitcoin instead of cash. Okay, in all fairness, I'm probably being ignorant to some bitcoin app out there that cuts this whole process down from 15 minutes to just 5 minutes, the time it takes to verify transactions. But if I have to use an app, that probably costs money. So now my $4.50 dark belgium hot chocolate now costs $4.65 + 5 minutes of my life. Hmm maybe I'll just 1) whip out some cash 2) whip out my visa card and pay it off right away so I don't incur interest fees 3) pay for it with debit, my bank doesn't charge me debit fees for using my card 2-Sending bitcoin So let's say what appeals to me is that bitcoin replaces Western Union, bank transfers, etcetc. I want to send $4,000 to Alice and Bob of ABC Co., payment for their work as hypothetical people in every accounting example I've ever read. For that amount, I'd have to pay >$100 in service fees from a money company. Or I could save myself >$100 by using bitcoin instead. Okay great! Where do I start? Download a wallet. Done, nice. Next step, synchonize 208 weeks of ledger. Great.. oh, hang on. It's been 4 hours and I've downloaded 3 weeks. What the fuck?! How long does this take.. it doesn't even tell me how long it will take or how big the file is! computer left running overnight Awesome, just 2 more nights to go then I'll be fully syncrhonized. 2 days later hard-drive is maxed out? I needed a new one anyways. 4 days and a 500GB SSD later Now I have my wallet ready to use. Time to purchase some bitcoin! So I purchase bitcoin, send it to Bob and Alice, and since they own ABC Co., a massive enterprise, they employ an IT guy, and he is the only guy in the company who will ever understand how to securely use bitcoin. He's behind 2 juniper firewalls (for redundancy), we VPN tunnel'd the payment code over with the pass, that way I know it went to him and nothing's been compromised. Because once the funds are sent out, it's gone, there is no insurance. Which brings me to my next point: Bottom line: requires a lot of time to SAFELY and SECURELY send bitcoin, FEE-FREE. But that's okay because I have nothing better to do. If I had kids, errands, work, non-IT hobbies to do, $40-$100 might be worth the time it takes me to research the process of sending bitcoin out properly. 3-Bitcoin wallet services There's a whole list of companies emerging to take podium position in the race of the bitcoin wallet services world. Besides setting up a bitcoin exchange (which anyone can do in their basement), bitcoin wallets are the next biggest thing in bitcoin. In the digital world, about 3 companies take podium position in a certain thing. Like Android/Apple/Blackberry for cell phones, Windows/Apple/Linux, Chrome/Firefox/IE, etc etc. Right now, for digital bitcoin wallets, everyone's competing to be one of those 3 major companies that everyone will use. Companies like coinbase. These companies cost money. Coinbase has a pretty impressive talent pool. Let me introduce them to you: Barry Kwok- Holy shit, this guy has a Masters in Engineering?! No seriously, this guy is a master of engineering. He built teams of 5 to 50 people at Google (fucking google man!). This guy is the first guy on the list, how much does he make? I'd have to guess $120k Craig Hammell- This guy built OK Cupid. I know a guy who uses that shit to get laid, it really works, so OK cupid is probably a well-established company. Because of Craig's success with OK cupid, and the fact he looks that young, I'd say he probably doesn't make that much, just a modest $90k Olaf Carlson-Wee- Olaf does rock-climbing, enough said. $95k Fred Erhsam- Traded at Goldman Sachs. $150k Charlie Lee- Invented Litecoin, worked on google chrome, google play, and youtube. $120k Brian Armstrong- This guy has experience with Fraud Prevention. Don't know why they hired him, because as everyone's been saying, you can't fraud bitcoin. Since they don't need him, he's probably an intern. Let's run some quick numbers: Total cost of salaries: $575,000/year Other expenses including dividends to investors: $3m/year So this company has $3.6m a year to allocate to their consumer base of 329k of wallets, and 12k merchants. That is roughly $10.56/year per wallet or merchant. (realistically, the portion of cost between wallets and merchants would be not be split equally, and of course all these figures are pulled straight from thin air, however, this is reddit, not forbes). That is a very low amount compared to using VISA which costs merchants $0.25/transaction+monthly service fee. As we can see, bitcoin is a great! Save some money. But here's the problem: people fraud banks all the time. That costs money. Somebody puts $10k in their digital wallet, loses it, they're going to be pissed off. They'll start demanding it back from coinbase. The day coinbase pays 1 guy $10k compensation, the day they'll have to pay everyone that loses money like that, and that $3-mil figure I gave above will be much higher, and the fees everyone has to pay will go up. If coinbase doesn't compensate, then people will be reluctant to use bitcoin for anything other than small transactions. This means bitcoin will not have the capacity to be adopted by regular people, like me. Either I lose big chunks of money at a time, when my digital wallet gets hacked, goes missing, frauded, etc, or I lose it in smaller chunks and frequency which is similar to a bank. So digital wallet services are just like banks. Wait, I thought the bitcoin guys were saying banks were a bad thing? 4-Inflation vs Deflation I see a lot of bitcoin enthusiasts talking economics, which really angers me. You should read some of the things they say "inflation is bad, bitcoin actually deflates, so its good" "the government can't fuck with bitcoin, so its good" "bitcoin good, so it's good". If you're a bitcoin enthusiast and discussed bitcoin economics, you probably need to trade your internet credit for some college credits. Because seriously, that is some retarded shit. For example: Inflation is bad, bitcoin deflates = good / The gov't can't fuck with bitcoin so it's good No. Inflation is good, yes I said it and you can quote me on that. Inflation allows job creation through lowering interest rates which encourages people and businesses to buy things. When stuff is bought, things happen. And jobs are required to make things happen. So when the government sees that "hey, our economy ain't doin too well, how bout we print some of ye ol' fashioned paper dolla bills" that's a strategic move to lower the unemployment rate and increase GDP. The US is in shambles right now for reasons beyond inflation. The #1 reason why is labour costs too much in the US. Shaquila and Billy Bob don't want to work in a factory for $12/hr, they're too in love with hollywood and liberty, thinking they're entitled to a high paying comfortable job. Half of America thinks like that. But guess what, the Chinese don't, they're happy to pick up where Shaquila and Billy Bob left off. And because of the economies of scale thanks to their large population, that ignited over night, and now the US is left with a population that doesn't want to work. There's also a bunch of other reasons like going to war, etc, but that's debatable because there's a cost/benefit of going to war (own all the oil rigs out east to pay for things because you lazy fucks can't be bothered to make money with elbow grease). The point is, mind fuck #1, inflation is a solution to a problem that's not related to money. On the other side of the coin, deflation IS a bad thing. Deflation, which bitcoin is designed to do, means that there will be fewer amounts of money to spend over time. That increases the price of things. That's good for people who are holding on to bitcoin. This encourages people to spend with bitcoin less, and save more. Mind fuck #2, saving money is bad, because it reduces GDP. It reduces the need for companies like coinbase to develop and create a product for spending bitcoin in the first place. So the more bitcoin deflates, the more its value goes up, the less people spend bitcoin on shit, the less merchants see a point in accepting bitcoin, the less merchants use bitcoin, the less people buy bitcoin, then bitcoins value goes down. 5-Limited supply of bitcoins This title should read Diminishing supply of bitcoins, but it would then be misinterpreted without an explanation. Bitcoins don't diminish, they are simply unaccounted for. Meaning, if you have bitcoins, and forget the password, it is gone forever. And in case you didn't know, people are human, making them prone to mistakes. Forgetting, etc. So, over time, enough people will lose bits and pieces of bitcoin here and there. That's going to add up over the long run. Units of measure will start going to miliBits, Microbits, ultra micro bits, ultra ultra micro bits. etc. Kind of like fiat currency, it can inflate to be infinitely large, and with bitcoin, infinitely smaller. 6-Exchanges and trading When Silk Road went down, bitcoin went up. First, naturally and by way of economics, fewer bitcoin = increased value. The Silk Road guy had $26-million USD worth of bitcoin, more than enough bitcoin to raise the market price. Followed by that, we have news, and hype, which drove higher. Then the fact prices are going up, makes a nice news article, which drives it up even more. When prices went up because of the news, incentive went up. Now the prices are so high, some people have made fortunes off of it. And that makes the news too, which drives it up again even higher. That's a great incentive if you're a bitcoin investor. Hey, the winklevoss twins have 1% of bitcoin, all you miners go use your mining pools to break into the winklevoss account and delete the fuck out of their bitcoin wallets and backup, so you can raise the market value. Just kidding. That's a lot of work. You know what's easier? This: 1) Start your own bitcoin exchange, no fees 100% free. 2) People will start trading on it. 3) ???? 4) Profit! Actually step 3 isn't a mystery, you set the fucking price level to whatever you want it to be. And because it's 100% unregulated, unsanctioned, not tied to any commodities, no authority, no referee, no consortium, you can do whatever the fuck you want on it. Without authority, believing that the prices on the bitcoin exchange is set naturally by way of price and demand is like believing in religion. You just have to believe. Of course with public exchanges, there is some level of corruption involved, but that's why people get arrested and shit. Using bitcoin exchanges doesn't have that level of protection, and it never will. You think the governments own law enforcement is going to go after guys corrupting a private stock exchange, which trades a currency that negatively impacts their own fiat currency? Unless the government is somehow benefiting from bitcoin, which it won't by design, the police will simply have a good laugh at that. In conclusion, there's so many flaws that I can see with bitcoin. But bitcoin enthusiasts will say otherwise. If I jumped on the bitcoin train 3 years ago, I'd probably do the same thing as you: make up some backwards economic reasoning it'll succeed, some backward political reason, etc. So Dear Bitcoin, you just don't make enough sense to us, the general population, for us to adopt you. A great substitute for currency in the underground world, but you just don't fit with us here on the mainstream. And if you did fit, you'll end up being regulated just like currency, so what's the point? You're the same shit as my cash or cards. Fuck off. -Joe Average
Jaxx by Kryptokit wallet with new feature for added security PIN updated across all devices / platforms
Anthony from Kryptokit here. We've decided to alter our initial roadmap for Jaxx due to feedback from the community. Of all the requested features, the most common one has been the ability to add a PIN for extra security. While we still are working to add global password / PIN across all devices via PGP, we were able to institute a device specific PIN in the meantime that can be easily switched over to the global system down the road. The lastest release rolling out today, Jaxx Beta (0.0.12), adds an optional 4-digit PIN. Once entered and confirmed, this PIN will be required whenever sending funds from the wallet or accessing Jaxx’s wallet-pairing tools. It can be setup in the setting menu. Jaxx Bitcoin and Ethereum beta wallet is available for Android & Iphone tablet / mobile, chrome and firefox extension, and Windows, Mac & Linux Desktop versions. All versions of Jaxx are available at Jaxx.io via links to various stores (play, chrome etc.) or by direct download in the case of the desktop, firefox extension and Apple versions. Unfortunately, since Apple only allows limited betas accounts, we're running out of slots for Iphone so the first ten to request one from our website will be granted access. We have plenty of Ipad beta accounts left so please feel free to request access to that version via our website. Thanks to everyone who’s sent in feedback and suggestions so far, and thanks to the whole Kryptokit for working their butts off and pivoting from plans to get this new beta release out quickly with PIN feature. Later this week we plan on rolling out an advanced send feature to allow custom gas and custom data when sending to contract via the Ethereum wallet. We're also planning this week deploy the feature to transfer funds from paper wallets to you Jaxx wallet for both Bitcoin and Ethereum. Reminder: Jaxx is beta software. Please only stick to small amounts you’d be willing to lose. Changelog (v0.0.12) All versions: Security PIN option added for Send and mnemonic access Fixed QR scan text-field clearing issue Desktop versions: Copy/paste issue fixes Android Warning modal added for devices with Ethereum wallet issue
Anthony from Kryptokit here. I'm excited to announce that today, we're launching the beta version of our new Jaxx wallet for iPad. Due to the limitations Apple places on beta products, we are only allowed to offer the beta to a limited number of users. If you're interested, email [email protected] and we'll get back to you with a download link. Any feedback we can get from this beta release is tremendously helpful, so if you do score a copy of the iPad Jaxx beta, please let us know about your experience with it, and if you think anything needs improving. Thanks as always to the whole Bitcoin community, which has been tremendously supportive throughout the Jaxx roll-out. Reminder: Jaxx is a beta product. Stick to small amounts you'd be willing to lose.
If miners cannot afford the electricity, they turn off their equipment. Hashing rate falls, perhaps even precipitously. The difficulty adjust to compensate and find a new equilibrium. However, we have never seen a very large hashrate drop in bitcoin and the difficulty adjustment takes 2016 blocks to happen. A large hashrate drop may result in long block discovery times, delaying the difficulty adjustment beyond the usual two weeks. I'm monitoring those two charts (hashrate, difficulty), to see if this scenario plays out because it is the first time this might happen. This is a very big test of the bitcoin difficulty adjustment algorithm and the mining industry and it is a preview of the upcoming (2016) reward-halving event. In essence we have just had a reward halving event (in fiat value terms) that was unanticipated and unplanned. I think it will all work out well and prove the resilience of bitcoin's dynamically adjusting algorithmic regulation, but it's still the most interesting thing I am watching.
De-centralization is one of the prevailing geopolitical and technological themes of this century. The fight for de-centralization of control and information is playing out on the Internet in every country in the world. It is, in my opinion, the most important fight as it will determine the freedom (or lack of) for billions of people. We are heading in a good direction overall. We have replaced kings, despots and tyrants with institutions. Now we are replacing many institutions with protocols and networks, empowering individuals. But those who benefit from centralized control over power will not sit idly by while we take away their power. They use fear and violence to exert control and deepen their power structures. They fool us into submitting to unearned authority and give up our rights and freedoms by exploiting security fears. Bitcoin is only part of the puzzle, but it is a very powerful part.
They can't keep bitcoin offline or easily de-centralize control of keys without severely limiting their liquidity and execution time The most important thing exchanges can do is discourage the use of their accounts as wallets and discourage holding large balances unless actively trading. This of course limits their liquidity, so it is not an easy compromise.
Mining on an algorithm that has "dual purpose" is risky. Mining is not "non productive", it serves to secure the bitcoin network and does so very well. The risk of adding another purpose to the mining is that it introduces a price-externality, a secondary source of value that may distort the incentive structure of the consensus algorithm. For example, if you are finding primes and suddenly a new application is discovered that makes primes very valuable, then the consensus algorithm is now subject to a completely external market for prime numbers that has nothing to do with the security of that blockchain.
There are alt-coins that attempt to do this. See Curecoin, Gridcoin, Primecoin.
Bitcoin is weakly pseudonymous and can be traced perfectly well in targeted and warrant-based investigations. Bitcoin is somewhat resistant to wholesale and indiscriminate surveillance which is both illegal and immoral. There's no need to weaken it's privacy protections. Privacy is consumer protection and breaking privacy never serves consumers, no matter how hard they try to sell it as such. Financial privacy may be seen as a privilege in some countries but it is a matter of human liberty and life/death in dozens of countries. Bitcoin is theirs too and we can't forget that.
To experience the future of money. To gain a glimpse into an exciting technology. To learn about how money could be in the future and also become aware of how limited money and banks are today.
For the "other 6 billion" who don't enjoy international, control-free banking as we do, bitcoin represents an opportunity to become part of a global economy which up till now did not exist. For those users, bitcoin is more than just a curiosity, it might be a doorway to connect to the world.
I've been doing public speaking for more than 20 years. At first I was shy and mediocre. I got better with practice. Nowadays, I speak at events weekly and I try out new concepts and ideas with each speech, extemporaneously. It's all improvised with 80% old content and 20% new "test" content, gradually cycling. A lot of my best ideas are off-the-cuff while I am speaking and I gauge the audience reaction and then repeat them when successful.
You have a great point. I was not aware that I was ageist, though I can see how my comments give that impression. I think it becomes harder for most people to absorb change, especially technological change, as they age. That means that most progress happens because young people introduce and absorb change. However, that effect is counterbalanced by the value of experience (and the risks of youthful inexperience and immaturity). I'm 43 now and I'm probably in between the two experiences. I appreciate your question and will think hard about my possible ageist bias and moderate my tone. I don't mean to dismiss or demean anyone and I apologize that I have done so. Mea culpa.
However, while it took almost 20 years from the day I sent my first email until my mom used her new iPad to send her first email, bitcoin is likely to be adopted on a much more accelerated schedule. After all, there is no need to deploy much infrastructure - you can just download an app.
One of my guiding principles in life is that knowledge must be shared. I am a strong support of open source. Everything I do, in every forum is released under open source licenses, usually CC-BY-SA (creativecommons.org). The book was developed on github in an open community-driven project. I still appreciate it if you buy the book, if you can afford to. Code REDDIT30 will give you a 30% discount on the O'Reilly site linked in the OP.
It will take time. In western developed economies, the use of bitcoin for retail shopping offers only small advantages over credit cards, while being difficult to learn, use and secure by the average user. In the developing world, bitcoin can fill a massive void of banking services but there are infrastructure, UI, device and awareness barriers. These gaps will become narrower over time.
It is actually very difficult to bootstrap a successful currency that is necessary to back the security of the network. It took 3 years for bitcoin to evolve to a level where attacks against the consensus algorithm became very difficult.
Bitcoin has a tremendous "network effect", in my opinion, which may give it an insurmountable early-mover advantage. In technology it is often not the best technology that "wins", but the one that achieves broad enough adoption and recognition early enough. Good enough beats best if deployed broadly.
Last updated: 2015-01-19 18:26 UTC This post was generated by a robot! Send all complaints to epsy.
Airbitz - Bitcoin Wallet iPhone- / iPad-App wurde zuletzt am 25.07.2019 aktualisiert und steht Ihnen hier in der Version 2.4.12 zum Download zur Verfügung. Also known as BreadWallet earlier, is a digital Bitcoin wallet available as a mobile application for iPhone and iPad. The intuitive interface allows beginners and non-technical users to operate significantly. Security of users is considered as a chief factor and it is not compromised by Bread. Fees. Bread is freely available in Apple’s app store. However, a certain amount of fee is applied ... Coinbase (Bitcoin Wallet) iPhone-App 3.1.6 Deutsch: Mit der "Coinbase - Bitcoin Wallet" App für Ihr iPhone haben Sie auch von unterwegs Zugriff auf Ihr Bitcoin Wallet beim Anbieter Coinbase. Bitcoin Wallet ist sicherer als die meisten anderen Bitcoin-Wallets, weil sie einen direkt mit dem Bitcoin-Netzwerk verbindet. Bitcoin Wallet hat ein simples Interface und genau die richtige Menge an Funktionen, die sie zu einer großartigen Wallet und einem großartigen Lernhilfsmittel für Bitcoin-Anfänger macht. Kapitel 5 Bitcoin Banken: 10 Mrd. USD durch Hacks verloren. Eine letzte Sache ... Download Blockchain Wallet: Buy Bitcoin and enjoy it on your iPhone, iPad, and iPod touch. The Blockchain Wallet, founded in 2012, is the world's most popular crypto wallet with over 53M+ created in 180 countries.
Speichern Sie Bitcoin auf Android und iPhone mit BRD
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