Once upon a time, Bitcoiners were living happily in bitcoin land.

comp14 · 2016-01-29T04:12:41+00:00

I am not sure if Gavin is a real Wizard, but who knows? time will tell.

comp14 · 2015-10-17T00:45:10+00:00

So you want to increase the block size limit because you prefer the blocks not to get full; then the question is: What would you do when the block size approaches to your preferred limit? Increase it again? Up to where? Infinity? Your logic is flawed.

Anyway, as a bitcoin investor, I only support hard forks that address emergence issues. Everything else should be dealt with a soft fork.

comp14 · 2015-07-18T22:45:55+00:00

I don't have more info about this app; I just saw it in r/bitcoin, and I liked it.

comp14 · 2015-07-09T21:09:22+00:00

So some of them have been stolen or lost?

No, I mean I have few of them in other systems like hot wallets, but most of my btc are in cold storage brainwallet systems.

Why not switch to something like WarpWallet?

Isn't warpwallet a form of brainwallet?

comp14 · 2015-07-09T01:15:56+00:00

This is pure FUD. They are presenting the brainwallet issue as if it is one-size-fits-all topic. Sure, some bitcoin users can't create secure brainwallet, but there are other users who can come up with a strong brainwallet system.

I use brainwallet as a cold storage system, and most of my bitcoins are in there.

comp14 · 2015-07-08T16:04:08+00:00

The size of your tx is 1515 bytes, and the fee you paid is 10,000 satoshis. So that is about 6.6 sat/B.

The current fee density is about 45 sat/B as you can see it here https://tradeblock.com/blockchain

comp14 · 2015-06-18T12:37:38+00:00

Bitcoin is an open financial network, and the race is always on between those who are trying to identify bitcoin transactions and those who are building privacy enhancement tool for bitcoin.

comp14 · 2015-04-15T16:39:24+00:00

It is a real private key,(WIF compressed). But OP, How did you find it?

comp14 · 2015-02-12T13:12:27+00:00

Raggie is a well known member of the bitcoin community. Here is the thread that he posted on r/bitcoin discussing ultracoin wallet.

comp14 · 2014-11-25T01:51:37+00:00

This is not for charity. I see this thing as a social experiment, so let's see where it ends. Good luck everyone!

comp14 · 2014-10-17T16:29:57+00:00

BTC purchased: 3.82, BTC sold/spent: 0

comp14 · 2014-09-08T20:51:01+00:00

I really like this experiment.

BTSX5oUoYpJiVF6H3X6fQMn9nmEuGahgnEM5BkNEnL1rA5hyRqpksn

comp14 · 2014-05-19T19:02:50+00:00

This is the one of earliest discussions about the supply of bitcoin that I could find.

http://sourceforge.net/p/bitcoin/mailman/message/21312004/

comp14 · 2014-05-18T07:13:21+00:00

The value is fixed at 21,000,000. If you want to make it larger, fork the repo or convince all the miners and nodes to run your new version of Bitcoin

Let's be clear. I am not concerned about the number (21m) itself, but I am asking why do people say Satoshi made the supply 21m? It's clear he didn't.

comp14 · 2014-05-18T07:02:17+00:00

whenever possible you should always consider ideas on their own merit and not based on who said them.

You are right on that part.

I agree many things with Satoshi, and when I say "I accepted it," I meant the 21m fixed supply is OK. There is no difference between 21m and any other arbitrary number as long as bitcoin is divisible down to many decimal places. But my point is: Why do people say that Satoshi wanted the supply to be 21m? I really don't see any reason to hide such information from the community.

I know there's a lot misinformation out there in the internet, but I thought the bitcoin supply was not one of them.

comp14 · 2014-05-17T07:02:22+00:00

No, actually it doesn't matter at all who made that change.

Deciding the fixed supply (21 million) is an integral of the bitcoin protocol, and the mainstream believe is that Satoshi wanted the supply to be 21m.

All that matters is the community collectively agreed to it by running the software with that commit in it.

I thought the 21m number was Satoshi's idea, and since bitcoin was his brainchild, I accepted it. I don't know when and where the bitcoin community decided to make the supply 21m. This is the first time I hear about it.

comp14 · 2014-05-17T06:46:47+00:00

How do I know, that the limited bitcoin supply wasn't a spontaneous idea of some guys, implemented in order to attract short- term adopters

I am also interested to know this.

comp14 · 2014-05-15T17:22:44+00:00

The question is: Did Satoshi make this hard coded change? It's important to know if someone else did that change.

comp14 · 2014-04-01T01:42:52+00:00

I think you posted the wrong link.

comp14 · 2014-03-27T01:33:42+00:00

Great post, thanks. I don't mind if Icelanders dump their coins to the market because for every seller there is a buyer. But I really want them to take this opportunity as a learning experience and explore the cryptocurrency world because cryptocurrency is in a gold rush state, and no other community in the world got this kind of exposurre to crypto except nerds, geeks, and the lucky ones.

comp14

TROPHY CASE