Growing The Market: A Bitcoin Shopping Guide Nasdaq

Alpaca Socks - one of the first products available for bitcoins - are still selling. (Not any news there, just nostalgia.)

Alpaca Socks - one of the first products available for bitcoins - are still selling. (Not any news there, just nostalgia.) submitted by karelb to Bitcoin [link] [comments]

Default English word list

Alright so, I took the default database from there https://skribbliohints.github.io/ and with the help of html, I extracted the words to a list separated by commas. It's useful when you want to translate those words into your native language.
Word of advice, when using google translate, do not put all words at once there, it can rapidly worsen the translation.
(And there is a last thing. Their algorithm of picking only custom words is not working really good, at least for me. Meaning that I often get duplicates, despite having a list this big and without duplicates. I'm still trying to find some solution to this, so if somebody is experiencing this as well, share the knowledge please, I will do the same.)
SOLUTION: Thanks for the reply from PepegaWR who identified the cause. I also tested it and there seems to be a custom words limit of 5000 characters. The easiest way in my opinion is to shuffle the words before each session to minimize the impact. Also thanks to the flynger who had the same idea before me :)
Finally, here it is, enjoy the scribbling ^^ :

ABBA, AC/DC, Abraham Lincoln, Adidas, Africa, Aladdin, America, Amsterdam, Android, Angelina Jolie, Angry Birds, Antarctica, Anubis, Apple, Argentina, Asia, Asterix, Atlantis, Audi, Australia, BMW, BMX, Bambi, Band-Aid, Barack Obama, Bart Simpson, Batman, Beethoven, Bible, Big Ben, Bill Gates, Bitcoin, Black Friday, Bomberman, Brazil, Bruce Lee, Bugs Bunny, Canada, Capricorn, Captain America, Cat Woman, Cerberus, Charlie Chaplin, Chewbacca, China, Chinatown, Christmas, Chrome, Chuck Norris, Colosseum, Cookie Monster, Crash Bandicoot, Creeper, Croatia, Cuba, Cupid, DNA, Daffy Duck, Darwin, Darwin Watterson, Deadpool, Dexter, Discord, Donald Duck, Donald Trump, Dora, Doritos, Dracula, Dumbo, Earth, Easter, Easter Bunny, Egypt, Eiffel tower, Einstein, Elmo, Elon Musk, Elsa, Eminem, England, Europe, Excalibur, Facebook, Family Guy, Fanta, Ferrari, Finn, Finn and Jake, Flash, Florida, France, Frankenstein, Fred Flintstone, Gandalf, Gandhi, Garfield, Germany, God, Goofy, Google, Great Wall, Greece, Green Lantern, Grinch, Gru, Gumball, Happy Meal, Harry Potter, Hawaii, Hello Kitty, Hercules, Hollywood, Home Alone, Homer Simpson, Hula Hoop, Hulk, Ikea, India, Intel, Ireland, Iron Giant, Iron Man, Israel, Italy, Jack-o-lantern, Jackie Chan, James Bond, Japan, JayZ, Jenga, Jesus Christ, Jimmy Neutron, John Cena, Johnny Bravo, KFC, Katy Perry, Kermit, Kim Jong-un, King Kong, Kirby, Kung Fu, Lady Gaga, Las Vegas, Lasagna, Lego, Leonardo DiCaprio, Leonardo da Vinci, Lion King, London, London Eye, Luigi, MTV, Madagascar, Mario, Mark Zuckerberg, Mars, McDonalds, Medusa, Mercedes, Mercury, Mexico, Michael Jackson, Mickey Mouse, Microsoft, Milky Way, Minecraft, Miniclip, Minion, Minotaur, Mona Lisa, Monday, Monster, Mont Blanc, Morgan Freeman, Morse code, Morty, Mount Everest, Mount Rushmore, Mozart, Mr. Bean, Mr. Meeseeks, Mr Bean, Mr Meeseeks, Mummy, NASCAR, Nasa, Nemo, Neptune, Netherlands, New Zealand, Nike, Nintendo Switch, North Korea, Northern Lights, Norway, Notch, Nutella, Obelix, Olaf, Oreo, Pac-Man, Paris, Patrick, Paypal, Peppa Pig, Pepsi, Phineas and Ferb, Photoshop, Picasso, Pikachu, Pink Panther, Pinocchio, Playstation, Pluto, Pokemon, Popeye, Popsicle, Porky Pig, Portugal, Poseidon, Pringles, Pumba, Reddit, Rick, Robbie Rotten, Robin Hood, Romania, Rome, Russia, Samsung, Santa, Saturn, Scooby Doo, Scotland, Segway, Sherlock Holmes, Shrek, Singapore, Skittles, Skrillex, Skype, Slinky, Solar System, Sonic, Spain, Spartacus, Spiderman, SpongeBob, Squidward, Star Wars, Statue of Liberty, Steam, Stegosaurus, Steve Jobs, Stone Age, Sudoku, Suez Canal, Superman, Susan Wojcicki, Sydney Opera House, T-rex, Tails, Tarzan, Teletubby, Terminator, Tetris, The Beatles, Thor, Titanic, Tooth Fairy, Tower Bridge, Tower of Pisa, Tweety, Twitter, UFO, USB, Uranus, Usain Bolt, Vatican, Vault boy, Velociraptor, Venus, Vin Diesel, W-LAN, Wall-e, WhatsApp, William Shakespeare, William Wallace, Winnie the Pooh, Wolverine, Wonder Woman, Xbox, Xerox, Yin and Yang, Yoda, Yoshi, Youtube, Zelda, Zeus, Zorro, Zuma, abstract, abyss, accident, accordion, ace, acid, acne, acorn, action, actor, addiction, addition, adorable, adult, advertisement, afro, afterlife, air conditioner, airbag, aircraft, airplane, airport, alarm, albatross, alcohol, alien, allergy, alley, alligator, almond, alpaca, ambulance, anaconda, anchor, angel, anglerfish, angry, animation, anime, ant, anteater, antelope, antenna, anthill, antivirus, anvil, apartment, apocalypse, applause, apple, apple pie, apple seed, apricot, aquarium, arch, archaeologist, archer, architect, aristocrat, arm, armadillo, armor, armpit, arrow, ash, assassin, assault, asteroid, astronaut, asymmetry, athlete, atom, attic, audience, autograph, avocado, axe, baboon, baby, back pain, backbone, backflip, backpack, bacon, bad, badger, bag, bagel, bagpipes, baguette, bait, bakery, baklava, balance, balcony, bald, ball, ballerina, ballet, balloon, bamboo, banana, bandage, bandana, banjo, bank, banker, bar, barbarian, barbecue, barbed wire, barber, barcode, bark, barn, barrel, bartender, base, basement, basket, basketball, bat, bathroom, bathtub, battery, battle, battleship, bayonet, bazooka, beach, beak, bean, bean bag, beanie, beanstalk, bear, bear trap, beatbox, beaver, bed, bed bug, bed sheet, bedtime, bee, beef, beer, beet, beetle, bell, bell pepper, bellow, belly, belly button, below, belt, bench, betray, bicycle, bill, billiards, bingo, binoculars, biology, birch, bird, bird bath, birthday, biscuit, bite, black, black hole, blackberry, blacksmith, blanket, bleach, blender, blimp, blind, blindfold, blizzard, blood, blowfish, blue, blueberry, blush, boar, board, boat, bobsled, bodyguard, boil, bomb, booger, book, bookmark, bookshelf, boomerang, boots, border, bottle, bottle flip, bounce, bouncer, bow, bowl, bowling, box, boy, bracelet, braces, brain, brainwash, branch, brand, bread, breakfast, breath, brick, bricklayer, bride, bridge, broadcast, broccoli, broken heart, bronze, broom, broomstick, brownie, bruise, brunette, brush, bubble, bubble gum, bucket, building, bulge, bull, bulldozer, bullet, bumper, bungee jumping, bunk bed, bunny, burglar, burp, burrito, bus, bus driver, bus stop, butcher, butler, butt cheeks, butter, butterfly, button, cab driver, cabin, cabinet, cactus, cage, cake, calendar, camel, camera, campfire, camping, can, can opener, canary, candle, canister, cannon, canyon, cap, cape, cappuccino, captain, car wash, cardboard, carnival, carnivore, carpenter, carpet, carrot, cartoon, cash, casino, cast, cat, catalog, catapult, caterpillar, catfish, cathedral, cauldron, cauliflower, cave, caveman, caviar, ceiling, ceiling fan, celebrate, celebrity, cell, cell phone, cello, cement, centaur, centipede, chain, chainsaw, chair, chalk, chameleon, champagne, champion, chandelier, charger, cheek, cheeks, cheerleader, cheese, cheeseburger, cheesecake, cheetah, chef, chemical, cherry, cherry blossom, chess, chest, chest hair, chestnut, chestplate, chew, chicken, chihuahua, child, chime, chimney, chimpanzee, chin, chinchilla, chocolate, chopsticks, church, cicada cigarette, cinema, circle, circus, clap, clarinet, classroom, claw, clay, clean, clickbait, cliff, climb, cloak, clock, cloth, clothes hanger, cloud, clover, clown, clownfish, coach, coal, coast, coast guard, coaster, coat, cobra, cockroach, cocktail, coconut, cocoon, coffee, coffee shop, coffin, coin, cola, cold, collapse, collar, color-blind, comb, comedian, comedy, comet, comfortable, comic book, commander, commercial, communism, community, compass, complete, computer, concert, condiment, cone, confused, console, continent, controller, conversation, cookie, cookie jar, copper, copy, coral, coral reef, cord, cork, corkscrew, corn, corn dog, corner, cornfield, corpse, cotton, cotton candy, country, cousin, cow, cowbell, cowboy, coyote, crab, crack, crate, crawl space, crayon, cream, credit, credit card, cricket, cringe, crocodile, croissant, crossbow, crow, crowbar, crucible, cruise, crust, crystal, cube, cuckoo, cucumber, cup, cupboard, cupcake, curry, curtain, cushion, customer, cut, cute, cyborg, cylinder, cymbal, dagger, daisy, dalmatian, dance, dandelion, dandruff, darts, dashboard, daughter, day, dead, deaf, deep, deer, defense, delivery, demon, demonstration, dent, dentist, deodorant, depressed, derp, desert, desk, desperate, dessert, detective, detonate, dew, diagonal, diagram, diamond, diaper, dice, dictionary, die, diet, dig, dinner, dinosaur, diploma, dirty, disaster, disease, dishrag, dispenser, display, diss track, distance, diva, divorce, dizzy, dock, doctor, dog, doghouse, doll, dollar, dollhouse, dolphin, dome, dominoes, donkey, door, doorknob, dots, double, dough, download, dragon, dragonfly, drain, drama, drawer, dream, dress, drink, drip, drive, driver, drool, droplet, drought, drum, drum kit, duck, duct tape, duel, dwarf, dynamite, eagle, ear, earbuds, earthquake, earwax, east, eat, echo, eclipse, eel, egg, eggplant, elbow, elder, election, electric car, electric guitar, electrician, electricity, elephant, elevator, embers, emerald, emoji, employer, emu, end, engine, engineer, equator, eraser, error, eskimo, espresso, evaporate, evening, evolution, exam, excavator, exercise, explosion, eye, eyebrow, eyelash, eye shadow, fabric, fabulous, facade, face, face paint, factory, failure, fairy, fake teeth, fall, family, farm, farmer, fashion designer, fast, fast food, fast forward, father, faucet, feather, fence, fencing, fern, festival, fidget spinner, field, figurine, filmmaker, filter, finger, fingernail, fingertip, fire alarm, fire hydrant, fire truck, fireball, firecracker, firefighter, firefly, firehouse, fireman, fireplace, fireproof, fireside, firework, fish, fish bowl, fisherman, fist fight, fitness trainer, fizz, flag, flagpole, flamethrower, flamingo, flashlight, flask, flea, flight attendant, flock, floodlight, floppy disk, florist, flower, flu, fluid, flush, flute, fly, fly swatter, flying pig, fog, foil, folder, food, forehead, forest, forest fire, fork, fort, fortress, fortune, fossil, fountain, fox, frame, freckles, freezer, fridge, fries, frog, frostbite, frosting, frown, fruit, full, full moon, funeral, funny, fur, furniture, galaxy, gang, gangster, garage, garbage, garden, gardener, garlic, gas, gas mask, gasoline, gasp, gate, gem, gender, generator, genie, gentle, gentleman, geography, germ, geyser, ghost, giant, gift, giraffe, girl, gladiator, glass, glasses, glitter, globe, gloss, glove, glow, glowstick, glue, glue stick, gnome, goal, goat, goatee, goblin, godfather, gold, gold chain, golden apple, golden egg, goldfish, golf, golf cart, good, goose, gorilla, graduation, graffiti, grandmother, grapefruit, grapes, graph, grass, grasshopper, grave, gravedigger, gravel, graveyard, gravity, greed, grenade, grid, grill, grin, groom, grumpy, guillotine, guinea pig, guitar, gumball, gummy, gummy bear, gummy worm, hacker, hair, hair roller, hairbrush, haircut, hairspray, hairy, half, halo, ham, hamburger, hammer, hammock, hamster, hand, handicap, handle, handshake, hanger, happy, harbor, hard, hard hat, harmonica, harp, harpoon, hashtag, hat, hazard, hazelnut, head, headache, headband, headboard, heading, headphones, health, heart, heat, hedgehog, heel, heist, helicopter, hell, helmet, hen, hermit, hero, hexagon, hibernate, hieroglyph, high five, high heels, high score, highway, hilarious, hill, hip hop, hippie, hippo, hitchhiker, hive, hobbit, hockey, holiday, homeless, honey, honeycomb, hoof, hook, hop, hopscotch, horizon, horn, horse, horsewhip, hose, hospital, hot, hot chocolate, hot dog, hot sauce, hotel, hourglass, house, hovercraft, hug, hummingbird, hunger, hunter, hurdle, hurt, husband, hut, hyena, hypnotize, iPad, iPhone, ice, ice cream, ice cream truck, iceberg, icicle, idea, imagination, impact, incognito, industry, infinite, injection, insect, inside, insomnia, internet, intersection, interview, invasion, invention, invisible, iron, island, ivy, jacket, jackhammer, jaguar, jail, jalapeno, janitor, jaw, jazz, jeans, jeep, jello, jelly, jellyfish, jester, jet ski, joker, journalist, journey, judge, juggle, juice, jump rope, jungle, junk food, kangaroo, karaoke, karate, katana, kazoo, kebab, keg, kendama, ketchup, kettle, key, keyboard, kidney, kindergarten, king, kiss, kitchen, kite, kitten, kiwi, knee, kneel, knife, knight, knot, knuckle, koala, kraken, label, laboratory, ladder, lady, ladybug, lake, lamb, lamp, landlord, landscape, lane, language, lantern, lap, laptop, laser, lasso, laundry, lava, lava lamp, lawn mower, lawyer, leader, leaf, leak, leash, leather, leave, leech, legs, lemon, lemonade, lemur, lens, leprechaun, lettuce, levitate, librarian, library, licorice, lid, light bulb, lighter, lighthouse, lightning, lightsaber, lily, lilypad, limbo, lime, limousine, line, link, lion, lips, lipstick, litter box, lizard, llama, loading, loaf, lobster, lock, log, logo, lollipop, loot, loser, lotion, lottery, lounge, love, low, luck, luggage, lumberjack, lung, lynx, lyrics, macaroni, machine, macho, mafia, magazine, magic, magic trick, magic wand, magician, magma, magnet, magnifier, maid, mailbox, mailman, makeup, mall, mammoth, manatee, manhole, manicure, mannequin, mansion, mantis, map, maracas, marathon, marble, margarine, marigold, market, marmalade, marmot, marshmallow, mascot, mask, massage, match, matchbox, mattress, mayonnaise, mayor, maze, meal, meat, meatball, meatloaf, mechanic, meerkat, megaphone, melon, melt, meme, mermaid, message, messy, metal, meteorite, microphone, microscope, microwave, midnight, military, milk, milkman, milkshake, mime, miner, minigolf, minivan, mint, minute, mirror, missile, model, mohawk, mold, mole, money, monk, monkey, monster, moon, moose, mop, morning, mosquito, moss, moth, mothball, mother, motherboard, motorbike, motorcycle, mountain, mouse, mousetrap, mouth, movie, mud, muffin, mug, murderer, muscle, museum, mushroom, musket, mustache, mustard, nachos, nail, nail file, nail polish, napkin, narwhal, nature, navy, neck, needle, neighbor, neighborhood, nerd, nest, network, newspaper, nickel, night, nightclub, nightmare, ninja, noob, noodle, north, nose, nose hair, nose ring, nosebleed, nostrils, notebook, notepad, nothing, notification, novel, nugget, nuke, nun, nurse, nut, nutcracker, nutmeg, nutshell, oar, observatory, ocean, octagon, octopus, office, oil, old, omelet, onion, open, opera, orange, orangutan, orbit, orca, orchestra, orchid, organ, origami, ostrich, otter, outside, oval, overweight, owl, oxygen, oyster, paddle, page, pain, paint, paintball, pajamas, palace, palette, palm, palm tree, pan, pancake, panda, panpipes, panther, pants, papaya, paper, paper bag, parachute, parade, parakeet, parents, park, parking, parrot, party, password, pasta, pastry, path, patient, patio, patriot, pause, pavement, paw, peace, peach, peacock, peanut, pear, peas, peasant, pedal, pelican, pencil, pencil case, pencil sharpener, pendulum, penguin, peninsula, penny, pensioner, pepper, pepperoni, perfume, periscope, person, pet food, pet shop, petal, pharmacist, photo frame, photograph, photographer, piano, pickaxe, pickle, picnic, pie, pig, pigeon, piggy bank, pigsty, pike, pill, pillar, pillow, pillow fight, pilot, pimple, pin, pinball, pine, pine cone, pineapple, pink, pinky, pinwheel, pipe, pirate, pirate ship, pistachio, pistol, pitchfork, pizza, plague, planet, plank, plate, platypus, player, playground, plow, plug, plumber, plunger, pocket, pogo stick, point, poison, poisonous, poke, polar bear, policeman, pollution, polo, pond, pony, ponytail, poodle, poop, poor, popcorn, pope, poppy, popular, porch, porcupine, portal, portrait, positive, postcard, poster, pot, pot of gold, potato, potion, pound, powder, prawn, pray, preach, pregnant, present, president, pretzel, price tag, priest, prince, princess, printer, prism, prison, pro, procrastination, professor, programmer, promotion, protest, provoke, prune, pub, pudding, puddle, puffin, puma, pumpkin, punishment, punk, puppet, purity, purse, puzzle, pyramid, quarter, queen, queue, quicksand, quill, quilt, quokka, raccoon, race, racecar, radar, radiation, radio, radish, raft, rail, rain, rainbow, raincoat, raindrop, rainforest, raisin, rake, ram, ramp, rapper, raspberry, rat, ravioli, razor, razorblade, read, reality, reception, receptionist, record, rectangle, recycling, red, red carpet, reeds, referee, reflection, reindeer, relationship, religion, remote, repeat, reptile, rest, restaurant, retail, revolver, rewind, rhinoceros, rib, ribbon, rice, ring, ringtone, risk, river, roadblock, robber, robin, robot, rock, rocket, rockstar, roll, roof, room, rooster, root, rose, royal, rubber, ruby, rug, ruler, run, rune, sad, saddle, safari, safe, sailboat, salad, sale, saliva, salmon, salt, saltwater, sand, sand castle, sandbox, sandstorm, sandwich, satellite, sauce, sauna, sausage, saxophone, scar, scarecrow, scarf, scary, scent, school, science, scientist, scissors, scoop, score, scream, screen, screw, scribble, scuba, sculpture, scythe, sea, sea lion, seafood, seagull, seahorse, seal, search, seashell, seasick, season, seat belt, seaweed, second, security, seed, seesaw, semicircle, sensei, server, sew, sewing machine, shadow, shake, shallow, shampoo, shape, shark, shaving cream, sheep, shelf, shell, shipwreck, shirt, shock, shoe, shoebox, shoelace, shop, shopping, shopping cart, short, shotgun, shoulder, shout, shovel, shower, shrew, shrub, shy, sick, signature, silence, silo, silver, silverware, sing, sink, sit, six pack, skateboard, skateboarder, skates, skeleton, ski, ski jump, skin, skinny, skribbl.io, skull, skunk, sky, skydiving, skyline, skyscraper, slam, sledge, sledgehammer, sleep, sleeve, slide, slime, slingshot, slippery, slope, sloth, slow, slump, smell, smile, smoke, snail, snake, sneeze, sniper, snow, snowball, snowball fight, snowboard, snowflake, snowman, soap, soccer, social media, socket, socks, soda, soil, soldier, sombrero, son, sound, soup, south, space, space suit, spaceship, spade, spaghetti, spark, sparkles, spatula, speaker, spear, spelunker, sphinx, spider, spin, spinach, spine, spiral, spit, spoiler, sponge, spool, spoon, spore, sports, spray paint, spring, sprinkler, spy, square, squid, squirrel, stab, stadium, stage, stamp, stand, stapler, star, starfish, starfruit, statue, steam, step, stereo, sting, stingray, stomach, stone, stoned, stop sign, stork, storm, stove, straw, strawberry, streamer, street, stress, strong, student, studio, study, stylus, submarine, subway, sugar, suitcase, summer, sun, sunburn, sunflower, sunglasses, sunrise, sunshade, supermarket, superpower, surface, surfboard, surgeon, survivor, sushi, swag, swamp, swan, swarm, sweat, sweater, swimming pool, swimsuit, swing, switch, sword, swordfish, symphony, table, table tennis, tablecloth, tablet, tabletop, taco, tadpole, tail, tailor, take off, talent show, tampon, tangerine, tank, tape, tarantula, target, taser, tattoo, taxi, taxi driver, tea, teacher, teapot, tear, teaspoon, teddy bear, telephone, telescope, television, temperature, tennis, tennis racket, tent, tentacle, text, thermometer, thief, thin, think, thirst, throat, throne, thug, thumb, thunder, thunderstorm, ticket, tickle, tie, tiger, time machine, timpani, tiny, tip, tiramisu, tire, tired, tissue, tissue box, toad, toast, toaster, toe, toenail, toilet, tomato, tomb, tombstone, tongue, toolbox, tooth, toothbrush, toothpaste, toothpick, top hat, torch, tornado, torpedo, tortoise, totem, toucan, touch, tourist, tow truck, towel, tower, toy, tractor, traffic, traffic light, trailer, train, translate, trap, trapdoor, trash can, traveler, treadmill, treasure, tree, treehouse, trend, triangle, trick shot, tricycle, trigger, triplets, tripod, trombone, trophy, tropical, truck, truck driver, trumpet, tuba, tug, tumor, tuna, tunnel, turd, turkey, turnip, turtle, tuxedo, twig, type, udder, ukulele, umbrella, uncle, underground, underweight, undo, unibrow, unicorn, unicycle, uniform, universe, upgrade, vacation, vaccine, vacuum, valley, vampire, vanilla, vanish, vault, vegetable, vegetarian, vein, vent, vertical, veterinarian, victim, victory, video, video game, village, villain, vine, vinegar, viola, violence, violin, virtual reality, virus, vise, vision, vitamin, vlogger, vodka, volcano, volleyball, volume, vomit, voodoo, vortex, vote, vulture, vuvuzela, waffle, waist, waiter, wake up, walk, wall, wallpaper, walnut, walrus, warehouse, warm, wart, wasp, watch, water, water cycle, water gun, waterfall, wave, wax, weak, wealth, weapon, weasel, weather, web, website, wedding, welder, well, werewolf, west, western, whale, wheel, wheelbarrow, whisk, whisper, whistle, white, wife, wig, wiggle, willow, wind, windmill, window, windshield, wine, wine glass, wing, wingnut, winner, winter, wire, wireless, witch, witness, wizard, wolf, wonderland, woodpecker, wool, work, workplace, world, worm, wound, wrapping, wreath, wrench, wrestler, wrestling, wrinkle, wrist, writer, x-ray, xylophone, yacht, yardstick, yawn, yearbook, yellow, yeti, yo-yo, yogurt, yolk, young, youtuber, zebra, zeppelin, zigzag, zipline, zipper, zombie, zoo, zoom,
submitted by StaroSVK to skribbl [link] [comments]

AMA. Just got wiped of $120,000 , 20BTC

Old time miner here. I did retard. I went full retard good.
Put the bitcoin in a mega.co.nz account during the fork.
That account as it turns out had a cross site scripting attack that let someone get access to it. From there it was all bad news. One month after I put the coin there, it was emptied out! I was going to move them back today and saw the accounts were empty. Savings for me /parents are gone. (I've got a pretty poor family. This was like 12 years of savings equivilent).
I bought alpaca socks for 5 or something like that bitcoin back in the day.
I gambled away and won this 20 bitcoin which I forgot about which is why I had it.
I was using an electrum wallet with a memorized password but it was also a reused password since I was lazy due to working far too much and being sleep deprived when I backed this up on my cloud storage.
Key point, don't trust cloud storage. Mega.co.nz apparently is not as secure as I thought it was in that regard. Completely my fault. IF you're going to do cloud storage, encrypt with a password from keepass, not one you normally know.
Not much I can do but continue working and go on with my life. TL;DR: early miner, lost all the rest of my BTC savings because I'm not smart.
SPEZ: http://www.zdnet.com/article/hackers-say-they-took-mega-nz-admin-accounts-documents-source-code/ Might not have been the cross site scripting vulnerability. This might be part of it also.
submitted by sensual_rustle to Bitcoin [link] [comments]

Why I believe we're on the cusp of the 3rd great Bitcoin bubble

We've recovered from the last crash
You might think it's a bit early (based on the time frame for the last recovery), but things are looking a lot different than in 2011. I would suggest its because the last bubble popped prematurely due to Mt. Gox's failure of a trading engine.
Interest in buying Bitcoins has gone up to its highest point since the last bubble.
There's a similar spike in general interest. Partly helped along by the Silk Road news.
The network is being used at the same rate as during the last bubble.
The Bitcoin ATM story (see below) is causing Bitcoin to trend in Canada on Google (was #1 for a bit). The $27 story (see below) will almost certainly cause a large spike worldwide in Google trends once they're updated up to yesterday.
Lots and lots of new businesses now accept Bitcoins
One legitimate criticism of Bitcoin last year was the lack of places to spend them. We basically just had Alpaca Socks, Reddit and Wordpress, we've grown a lot since then!
Charities and others are taking donations
The first Bitcoin I ever spent was to donate to Wikileaks. More and more places are setting up Bitcoin donation buttons, because why not?
The $27 story is going massively viral
I think the attention this story is getting took a lot of us by surprise. We're thinking "of course if you bought Bitcoins in 2009 you're rich" and it didn't make much of a splash. But to the rest of the world it's a very novel and interesting story.
The first Bitcoin ATM has been installed
Easier way for people acquire Bitcoins with cash. Lots of free publicity. More machines are on their way and will generate more and more news.
Institutional money is coming
Afraid with the price at $200 that it will be hard to find enough moms and pops to keep money coming in faster than miners are selling? Don't be, there are individuals out there with a net worth higher than the entire Bitcoin ecosystem.
Interesting new developments
Cool things that didn't exist before the last bubble (as far as I remember).
Governments are explicitly saying it's not illegal
More and more governments are either saying Bitcoins are legitimate currency, or releasing guidelines for exchanges to comply with anti-money-laundering laws.
New generation of exchanges
Mt. Gox's terrible trading engine was a huge factor in the last crash. They couldn't keep up with all the new interest.
This time around there are more exchanges in more countries, and not a single point of liquidity.
submitted by DTanner to Bitcoin [link] [comments]

It's bits

"Ok, I'll send you some bitcoin. How much was it?" "17 milli-bits" "Ok sent." "Hold up, you only sent me 17 micro-bits." "Did i? Hang on, i thought micro bits was the m?" "No the m is for milli-B-T-C, micro is mu-B-T-C." "mu?" "That little greek letter that looks like a u. u-B-T-C." "I don't have the letter mu on this phone." "Just use a u." "So i need to send you 17 milli-bitcoins?" "Well you've sent me 17 microbitcoins, so another 16,983." "So i need to send you 16,983 micro-" "Milli-, millii-bitcoins" "Yes, right. m is for milli not micro." "Right. It's easy, its just like in science class..." "I haven't been in a science class for 25 years....milli-bitcoin..." "1 thousanth of a bitcoin" "so..." "zero dot zero zero zero one bitcoins"
.
While SI units are great for people well versed in them, there is a very good reason people aren't asking for 100 micro dollars in change. The average person is not going to be confident that the prefix they are using is the correct one, people WILL send 1000x more or less than intended if we go down this road, and these mistakes will happen frequently.
.
Bitcoin needs one sub-unit max.
I am an advocate for the 'bit'. This is why:
The incongruity of using scientific notation with money.
Human psychology is powerful. Of the 6 or 7 people i have talked to about bitcoin, everyone of their initial reactions was along the lines of, "Wow, sounds interesting. Hang on, that's really expensive. That's for 1 bitcoin!? I couldn't afford that." Now even after you explain to them, hey you can buy 0.01 bitcoins, they are still in their initial mental frame, and the problem still remains: 0.01 bitcoin, is not a bitcoin.
What people need to understand is that the current solution of using mBTC or micro-bitcoin, does nothing to alleviate this psychologically. "Here's your micro bitcoins" "micro..bitcoins? I want bitcoins."
People are not going to be satisfied with the transaction because they are not getting what they want, they want what they heard about on the news, they want bitcoins.
Using bits DOES alleviate this problem.
Imagine someone completely unfamiliar with bitcoin, hearing about it for the first time. What is their reaction to these two sentences:
"I'm using a digital currency called bitcoins. I just bought 100 bits."
"I'm using a digital currency called bitcoins. I just bought 100 micro-bitcoins"
("Micro-bitcoins? Why didn't you buy some whole bitcoins? Do they suck balls? etc.")
Micro doesn't exactly have positive connotations when talking about an asset. There is congruence when asking to buy bitcoins and receiving bits. It's a natural progression, you start off with bitcoins, and if you chip little bits off of the bitcoins you get 'bits'. But they are one and the same. One is not lesser. It's ok little bitcoin. You are not micro.
.
We need to lose the sci-prefixes. No one wants your micro anything. People want cents and pennies, not micro dollars. We aren't in a lecture theatre, we're trying to buy class-A drugs, guns and morally questionable porn (i kid, i kid!).
The average person doesn't remember how many decimal places the conversion is to this or that unit, and i don't want a test in long division every time i try to buy some alpaca socks.
Almost as bad is it isn't even practical to use them in speech. They are too many syllables and they are similar sounding. You think people wont confuse microbitcoin and millibitcoin? One thousand five hundred micro-bitcoin is a linguistic nightmare.
Look i know scientific subunits are easy for you, i'm not saying it's Einstein hard, i'm saying it isn't practical for day to day use in a monetary system.
What is practical is a single conversion:
one bitcoin == 1 000 000 bits
That's it. Look at that. One conversion. And the main unit is a simple concatenation of its subunit 'bit' + 'coin'.
The only peice of information you need to know is that there are 1m bits in a bitcoin. Thats it. No letters. No conversions.
1mBTC = 1 000 bits 1uBTC = 1 bit
"But the numbers are too big!"
No they aren't. Humans used Italian Lira. Humans use Japanese Yen. With thousands exchanging hands for small purchases. It's easier for people to intuitively grasp 10,000 than 0.0001.
And if you are really shitting your pants over the zeros you can use K bits. still only 2 syllables, and K for 1000 is a unit that is already used when talking about money. Everyone knows $1k = $1,000 already, no extracurricular activities needed.
look at where it is on the page as a unit of measurement for 1000: http://www.thefreedictionary.com/K
compared with m as a measure for milli- : http://www.thefreedictionary.com/m
Confusingly m is also for 1000 in roman numerals, and even more confusing is that we already use m for million ie $1m.
It's a no brainer.
It's called bitcoin. We spend bits.
submitted by bitcoin_bits to Bitcoin [link] [comments]

List of successful bit-coin companies and services

The recent news about Abra made me think that only our Organization is qualified to prepare an authoritative list of bit-coin companies and services, classified according to their degree of success. Here is my first try:
Have significant demand by non-bitcoiners
Have significant demand only among bitcoin believers/holders
Do not have any demand to speak of
Any additions?
submitted by jstolfi to Buttcoin [link] [comments]

Bitcoin Black Friday is Upon Us. Lets Have a Little Look.

Before it even started there was some drama because some fraudster captain of the industry registered http://bitcoinblackfriday.info and was immediately flagged as a fraud by weak hands. The "real" Bitcoin Black Friday was quick to respond with information about this years even here: https://www.reddit.com/Bitcoin/comments/3s5cs0/update_on_the_real_bitcoin_black_friday_com/
The most important part of that post is this little nugget:
Goals for this year:
100+ Merchants. (That's smaller this year! We're going to be only accepting quality merchants. After reviewing which sites actually got traffic and sales last year, the 'filler' merchants don't need to be there.)
So lets have a little look at http://bitcoinblackfriday.com/ and see what those quality merchants are.
It starts strong with Humble Bundle listed near the top. Their ties to them is so strong they listed them twice, first the weekly bundle and then the books bundle. Note that it's not a special deal or anything. They just link to the regular weekly bundle. Why not link to the main bundle you ask? Because that one doesn't accept bitcoin...
Need to buy honey and honey related products for bitcoin? http://www.beesbros.com/ has you covered.
Tired of the digital nature of the internet of money. Buy a physical bitcoin from Denarium. Chose between a bulls head or a pigeon. https://denarium.com/?apply_coupon=bitcoinblackfriday#products The nice people over at Hardbtc will also sell you physical versions of the low friction email of money. http://hardbtc.org/ocart/index.php?route=product/product&path=59_62&product_id=68
There are also paper wallets if you want to increase the risk of losing your coins: https://bitcoinpaperwallet.com/?special=BLACK
If you want some more valuable metals, Amagi Metals will set you up. They have apparently started accepting bitcoin again after not doing s for awhile. https://www.amagimetals.com/bitcoin-black-friday#
Here's a personal favourite. http://zimbabwedollars.net/ Yes, you can now buy the most worthless currency on the planet with the second most worthless currency on the planet. All prices are in dollars.
Want to buy some random used junk for local pickup in San Diego only? The Butter Zone is the place for you. No I'm not making this shit up. Behind the worlds dodgiest URL hides this little golden buttery gem: http://fs.tbz1.com/ Need a grey 3-piece suit, a spare tire for a Toyota Corolla 1993 or some RPG Books? Look no further. This is some top quality merchandise.
We all know that bitcoin's killer app is converting stolen credit cards into real money. Here's a new way to help the poor Russian mafia get some money: http://www.cheaperthansteam.com/shop/just-cause-3/
Here's a deal on a 21 Inc PiTato actual Raspberry Pi and accessories: https://pisavvy.com/product-categories/raspberry-pi
The Bitcoin News are selling 10 000 banner clicks for 50 % off! http://thebitcoinnews.com/shop/bannerads/10-000-banner-clicks/
I don't even know what this is and the website doesn't work. http://i.imgur.com/GUNRqe1.png Is it a joke? Is it memes? I have no idea.
Someone saw a hole in the market left by our favourite ex-bitcoin mod and are offering 20 % off of bitcoin soaps. http://www.bitsoaps.com/ They have a litcoin soap as well.
Want to buy contraband cigarettes? Bitcoin have you covered: https://www.dutyfree.io/ How can they sell their cigarettes so cheaply?
It’s because we purchase and send them from poorly developed, Eastern European countries where cigarettes cost a fraction of the price you’re used to pay in the West. There are still huge discrepancies in the standard of living across this world’s countries and as long as this discrepancy persists (as long as you guys keep on borrowing), an arbitrage opportunity will exist and will be exploited. We think Bitcoin helps tremendously in this regard.
They claim it's perfectly legal and that you will not have to pay any duty or tax. They are of course lying through their teeth. Proper captains of the industry.
Want to smoke in style? Get disposable Vapes from Julien Marley. Super classy mon. http://blackoutx.com/collections/juju-royal-by-julian-marley
There are many herb related sellers. This one sells some kind of hemp based pills that has loads of potential health benefits. http://hempsci.com/ It has Sci in the name and mentions loads of chemistry stuff on the site so it must be totally legit. One of the main selling points is that it's legal so it has to be good.
Want to grow stuff indoors, http://growershouse.com/ has all your hydroponic needs. I did not know bitcoiners grew their own spices and vegetables...
Here's a place that sell herbal teas including one that cures diabetes. Or at least has anti-diabetic properties. According to one study. Also, it was done on mice. http://readyherbs.us/index.php/product/diabetes-tea/
Next up is http://www.thaidye.com/ which offers tie dye clothing. Felt like a good segue from the herbs.
More clothes. The Mises store is on the list because of course it is. http://store.mises.org/Mises-Knows-Premium-Fitted-T-shirt-P10977.aspx
And lastly, not alpaca socks but socks non the less. https://www.soxinabox.club/ Subscribe to socks.
There are many more dubious business on the list but I'm way to lazy to talk about them all. Please, go through the rest of them because there's much comedy gold left to mine.
submitted by Zotamedu to Buttcoin [link] [comments]

Bitcoin Alpaca Socks Under Attack

Bitcoin or any crytocurrency is illegal in Ecuador, in accordance with the provisions of article 94 of the Monetary and Financial Organic Code, in other words buying alpaca socks it’s against the law. For that reason and because I won’t tolerate being told what can or can't do with Bitcoins, I have launched BitcoinAlpacaSocks.com, the store that will sell alpaca products from Ecuador to the world.
I won’t stop there, the profits from the exchange will be spent in helping small business trade with the currency, if you would like to learn more about our infinitive visit our site news at http://www.bitcoinalpacasocks.com/press/ and help us show the government we will sell alpaca socks anywhere we want.
"Help us make Ecuador great again."
submitted by aPatazo to Bitcoin [link] [comments]

Forget the price - it's happening.

From this time last year to now, the change in this ecosystem has been mental.
Last year people were still debating will this or that country ban BTC, where can I spend it etcetc.
FF to now, the U.S. government has just sold 30,000 Bitcoins to an investor who looks like he is going to do some excellent work with them in the most needed places.
People are buying flights/hotel stays, computers, beers and dinners and alpaca socks (still).
New York is still waiting on the bit license to be set in stone then, POW, the E.T.F.'s and big money enter the scene.
There are still the trolls saying this won't work, crying like little girls.
Look around people, it's already happening.
I can see people paying for Christmas this year solely on BTC.
The future's bright, the futures Bitcoin :-)
submitted by Essexal to Bitcoin [link] [comments]

[megapost] NYANdeas

We've come a long ways and I'm at a point where I've decided I'm going to really pursue this with everything I've got in terms of energy and devotion. I've got a prior commitment hanging over my head towards the end of this month, but once I resolve that, I'm planning on spending a couple months really digging into NYAN and seeing what I can do. So far we've just chipped away at the edges, but already we've seen some pretty impressive results. Just a brief recap of our successes first and then I'll talk about my ideas.
We've gone from 1-3 satoshi to 10-30 satoshi prices. Not bad. We've got two new block explorers up in response to the previous one going down. We've got an irc channel and active community members both here and there. And we've got me, the crazy bastard who's locked up 25% of the available supply and is planning to do everything he can to build up NYAN to its proper greatness, and got tipnyan going and did a major giveaway with it. Oh, and we survived a dump of ~10% of the available supply quite comfortably. Probably other stuff I'm forgetting about right now.
So, what next? Well, a lot of stuff. This is just a huge dump of ideas for discussion and inspiration. It's not necessarily ordered, although I'll try to have it go roughly from simplest to most complex. These are by no means promises or guarantees. This is just stuff I think would be cool.
Some of this isn't a "implement this", it's more of a blog post prompt or general concept.
submitted by coinaday to nyancoins [link] [comments]

[uncensored-r/Bitcoin] AMA. Just got wiped of $120,000 , 20BTC

The following post by sensual_rustle is being replicated because some comments within the post(but not the post itself) have been silently removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ Bitcoin/comments/78z4vu
The original post's content was as follows:
Old time miner here. I did retard. I went full retard good.
Put the bitcoin in a mega.co.nz account during the fork.
That account as it turns out had a cross site scripting attack that let someone get access to it. From there it was all bad news. One month after I put the coin there, it was emptied out! I was going to move them back today and saw the accounts were empty. Savings for me /parents are gone. (I've got a pretty poor family. This was like 12 years of savings equivilent).
I bought alpaca socks for 5 or something like that bitcoin back in the day.
I gambled away and won this 20 bitcoin which I forgot about which is why I had it.
I was using an electrum wallet with a memorized password but it was also a reused password since I was lazy due to working far too much and being sleep deprived when I backed this up on my cloud storage.
Key point, don't trust cloud storage. Mega.co.nz apparently is not as secure as I thought it was in that regard. Completely my fault. IF you're going to do cloud storage, encrypt with a password from keepass, not one you normally know.
Not much I can do but continue working and go on with my life. TL;DR: early miner, lost all the rest of my BTC savings because I'm not smart.
SPEZ: http://www.zdnet.com/article/hackers-say-they-took-mega-nz-admin-accounts-documents-source-code/ Might not have been the cross site scripting vulnerability. This might be part of it also.
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

10-26 23:02 - 'AMA. Just got wiped of $120,000 , 20BTC' (self.Bitcoin) by /u/sensual_rustle removed from /r/Bitcoin within 23-33min

'''
Old time miner here. I did retard. I went full retard good.
Put the bitcoin in a mega.co.nz account during the fork.
That account as it turns out had a cross site scripting attack that let someone get access to it. From there it was all bad news. One month after I put the coin there, it was emptied out! I was going to move them back today and saw the accounts were empty. Savings for me /parents are gone. (I've got a pretty poor family. This was like 12 years of savings equivilent).
I bought alpaca socks for 5 or something like that bitcoin back in the day.
I gambled away and won this 20 bitcoin which I forgot about which is why I had it.
I was using an electrum wallet with a memorized password but it was also a reused password since I was lazy due to working far too much and being sleep deprived when I backed this up on my cloud storage.
Key point, don't trust cloud storage. Mega.co.nz apparently is not as secure as I thought it was in that regard. Completely my fault. IF you're going to do cloud storage, encrypt with a password from keepass, not one you normally know.
Not much I can do but continue working and go on with my life. TL;DR: early miner, lost all the rest of my BTC savings because I'm not smart.
'''
AMA. Just got wiped of $120,000 , 20BTC
Go1dfish undelete link
unreddit undelete link
Author: sensual_rustle
submitted by removalbot to removalbot [link] [comments]

Someone said "Purchase stuff with Bitcoin". That's a terrible mindset.

From the post on the front page of bitcoin, telling people to spend their bitcions
The real value of bitcoin depends on how many transactions that purchase with bitcoin.
This is complete nonsense. A currency is not valuable because how often it changes hands or how frequently it is used as to facilitate a a purchase. A currency is valuable because people want it--e.g. it's demand You claim that Bitcoin's value depends on people spending it. Let’s think about that for a minute. You are essentially telling the merchant, “Hey look at this totally awesome thing that I want to get rid of! You should trade me some stuff for it!” Not actually much of a sales pitch, is it? Why would the merchant want something that you, apparently, don’t want? If you really want him to start accepting bitcoins himself, ask him, “Do you take worthless paper money at this store?"
Right now, and probably for as long as stores will accept US dollars (or EUR, whatever) it makes more sense to use that money for transnational purposes. In other words, if a merchant is willing to accept a superior deflationary currency AND an inferior inflationary one, you should definitely use the shitty currency, and keep the good one for yourself.
Read this article by Daniel Krawisz; he explains why hording what matters:
http://nakamotoinstitute.org/mempool/im-hoarding-bitcoins-and-no-you-cant-have-any/
From the post
If nobody purchases anything with bitcoin, bitcoin will become worthless. Hodling or storing bitcoin never help the community anyway.
These two statements contract each other. Nothing is going to be worthless that has a strong demand (hording). The reason Bitcoin's price has gone up in the last 8 years is not because it is being used to buy alpaca socks, or trinkets from NewEgg; it's going up because some people have figured out that Bitcoin is God-Money, and it makes a lot of sense to horde as much of it as possible.
Also consider that when a currency's value collapses due to hyperinflation, this does not happen as a result of people not trying to spend it. It happens because people stop wanting the shitty currency--e.g. everyone wants to spend it, but no one wants to horde it.
Also from the post
We have to promote trading bitcoin and purchasing with bitcoin.
No, we just have to horde it. Actually "we" don't even have to do that. If we don't horde it, other people will realize it's value and they will horde it and profit from its rise.
The idea that Bitcoin is valuable because people spend it, is poppycock. Bitcoin is valuable because of the horders, and the horders' realization that Bitcoin is an immortal deflationary God-Money that cannot be stopped.
Spend your dollars, keep your God-Money for yourself.
submitted by ztsmart to Bitcoin [link] [comments]

[original research / proposal] [codenamed: BUTTBREAKER] A Million Little Shitchains

This concept is guaranteed to annoy you or your money back!
This builds on the 100,000 tps proposal. To recap, I've thrown together 100 clonecoins with 50MB cap each "into one large Voltron Coin", as SoCo_cpp aptly put it.
Now I'm going to wave my hand, wait for the ding, and level up to exascale technology. So terabytes are basically kilobytes now.
Our previous "Voltron Coin" will be termed "MegaBlockA" (MBA) and will have become the new Bitcoin: it's top by marketshare and stagnating. It has 100,000 tps throughput, which should be enough for anyone, and a fee market is now developing. Dice transactions have started to be labeled as spam, and bible verses now cost $1 or more to embed in the megachain (composed of all 100 subsidiary clonecoin chains).
A Commodore of Industry develops a bold, new scheme: a million little shitchains. A million generic chains are created, and organized into 1,000 blockchain units each on the model of MBA, termed MegaShitChain1 through MegaShitChain1000. A controlling overchain, known as the UltraShitChain (USC), is similarly composed of those MegaShitChains. One USC represents a coin on each of the one million shitcoins, through being one coin in each of the MegaShitChains.
The total throughput available for USC transactions on the shitcoins would be one billion transactions per second, based on the 50 MB block size hard cap and 1 minute block rate of the clones. The total disk space and bandwidth necessary in order to keep a full USC node synchronized will be greater than that needed for a modern NSA data center, but we're in exascale, so it'll be like a $5 calculator.
Prohashing is the new Google, as Scrypt mining becomes the most profitable industry in the world. AmericanPegasus is on CNN every night warning about how cryptocurrency has now developed into a bubble and investors should consider putting their money into conventional equities instead as a hedge. Subsistence farmers in Africa invest a dollar into USC and cash out for millions (of shitcoins worth less than a dollar collectively which are then sold to neighbors). Euphoria and weaseldust run rampant on the streets and hospitals are overwhelmed with overdoses.
And that's the story of how scale-out solved throughput.
Usecases
Decentralized mining
The NSA can sponsor a ProHashing underwater Scrypt mining megacenter in each of the seven oceans (more depending on how one counts). The accelerated ocean warming should be ideal for swimming (may not be ideal for swimming; no warranty of fitness of warmed oceans for swimming should be implied).
Tradebots / SkyNet 2.0
Autonomous, intelligent tradebots become massively wealthy trading between the million underlying shitcoins. These bots become leading patrons of the Robot Supremacy movement which is a major advance in sentient being rights overall, although human rights suffer a bit incidentally during the uprising and for a few centuries thereafter.
Weaseldust Road
The ultimate in weaseldust markets, Weaseldust Road is hosted on the USC ultrashitchain itself and is its killer app. The Weaseldust Road client, codenamed HONEYPOT, is a full USC node combined with a few trojans and a GUI for accessing Weaseldust Road. Featuring suspiciously low prices on weaseldust as well as some sellers with long-term (1+ month) exit scams who provide excellent service in the meantime, Weaseldust Road quickly becomes the leading weaseldust marketplace, as well as being the second place market for buying alpaca socks with USC (behind Alpaca Road, which is the second leading weaseldust marketplace).
In fact, Weaseldust Road's legendary abilities as a killer app will ultimately be memorialized in the song Weaseldust Road, with the "you never come back from Weaseldust Road" refrain, a tribute to the Copperhead Road song linked above, as well as to the wave of weaseldust-related deaths linked by critics to the rise of Weaseldust Road.
Proofs
1=1, therefore, quod erat demonstrandum.
I can conceive of it, and I can imagine that it necessarily exists, therefore, it exists.
If a thousand angels can dance on the head of a pin, and if the Lightning Network can handle infinite throughput, and if the weaseldust supply lasts, and if the USC ICO raises at least 22 million BTC in value, then USC will be created and trade above its par value of 1 satoshi per million USC.
lorem ipsum, nil illegitimi carborundum, hocus pocus
submitted by coinaday to Buttcoin [link] [comments]

Open Letter to Forbes Peter Cohan

Sent to: [email protected]
I've read your article on Forbes about Bitcoin: http://blogs.forbes.com/petercohan/2011/06/28/can-bitcoin-survive-is-it-legal/
I think the article could be better, and I'll outline the reasons below.
Corrections
dropped from $17.50 to “pennies”
One exchange (out of several) experienced technical difficulties (related to being hacked) and suspended trading for a week. Other exchanges kept trading and held the exchange value between 14$-17$. It currently trades at 16.8$.
used to buy Alpaca wool socks and illegal drugs
There is a wide variety of goods&services that's growing daily that you can pay for with Bitcoins. Among them are PC-hardware, Coffee in NYC, IT Consulting, Programming, Webdesign, Web-Hosting and many more.
Comparision to other "e-currencies" not thought trough
have been many attempts at creating online currencies — including Digicash, Flooz, and Beenz.
It isn't exactly relevant to compare Bitcoin to these currencies.
Beenz and Flooz were value substitutes entirely controlled by a single party. They could only be exchanged by involving that party. Inevitably these parties fell on hard times at some point or another, and had to cease operating, at which point exchange became impossible. That makes them a bad comparision to Bitcoin which is guaranteed not to fall prey to central control and floundering businesses that'd make their exchange impossible.
Digicash may have been somewhat similar to Bitcoin, but there are two key differences. Digicash may have been anonymous and somewhat decentralized in exchange, yet the minting of new coins and the client software itself were in the control of a single party. Inevitably when Digicash failed (to run a sound business) Digicash (the currency) became impossible to trade.
Therefore the comparision of Bitcoin with these failed "e-currencies" is only insofar of interest as it provides ample evidence of what exactly Bitcoin did better, namely two things:
Small change is irrelevant to the discussion of Bitcoin
A historical look at currencies over the last 500 years reveals an interesting insight — a key limiting factor to adopting currencies has been the ability to make small change.
The smallest unit of bitcoins is 0.00000001 btc. (https://en.bitcoin.it/wiki/FAQ#How_divisible_are_Bitcoins?). At currently traded (16.8$/btc) that would be 0.000000168$. Bitcoin payments can be specified down to that smallest unit, and there does not have to be any "change". Therefore both the numeration and the precision of payment argument is not relevant.
Marginal costs and benefits misconception
But they never caught on because their marginal costs to consumers and merchants exceeded their marginal benefits.
In order to understand the motivation behind bitcoin, it's important to understand the limitations (or costs) of CC and Paypal payment processors.
The Paypal issues
The CC in general issues
*What Bitcoin does better
In Summary
Repeated misleading allusions as to questionable legality
Is It Legal? as a way to pay anonymously for illegal drugs sold on Silk Road – is the one that has been referred to the U.S. Attorney General as a violation of money laundering statutes. Mann notes that Bitcoin’s ultimate ambition well might be illegal After all, he points out, there are federal statutes that make it illegal to produce a separate currency.
Two main thrusts are presented by you as to the legality of Bitcoins. First you question businesses that use them of being in violation of money laundering laws. Second you allude to the legality of alternative currencies. Both of these things are not issues for the following reasons:
Consumers and Merchants pickup
Unless consumers and merchants can be persuaded that adopting it will make them better off, it’s likely to go the way of other online currencies.
This is an astute observation and I applaud it for that.
However as a system Bitcoins do not depend (financially) on that pickup, and the speculative part of the Bitcoin economy will be able to live quite a while entirely without it. That being said, there is some pickup of bitcoin in genuine e-commerce and other fields.
Closing
Bitcoin has many desirable qualities, from an organizational, economic and technical point of view. Your article is not a very good representation of Bitcoin as it is, nor of what it can be, or what it's core issues really are.
I'd invite you to write a retraction and correction in your next article and consult a Bitcoin specialist for review and input. If against all "odds" Bitcoin should prove to be more successful then you thought, think of it as collateral for your journalistic integrity.
You can read comments about this open letter on the reddit post about it: http://www.reddit.com/Bitcoin/comments/ic92x/open_letter_to_forbes_peter_cohan/
Kind Regards, Florian Bösch
TL;DR Peter Cohan has a poor grasp of bitcoins and presents a number of fallacious arguments that are not relevant.
submitted by pyalot to Bitcoin [link] [comments]

Who says people don't spend bitcoins?

It's almost black friday and bitcoins just blew past 1000$.
I've just blown a tenth of my stash on electronics, gifts, clothes and a brand new high-powered self-built desktop which I plan to run as a full bitcoin node. And of course the mandatory yearly order of alpaca socks. PSA :- if you haven't got alpaca socks yet, you should. They're beyond awesome.
Mostly through gift cards from gyft except for the desktop parts... damn you newegg. Take my bitcoins already.
It could go higher tomorrow but some shiny new stuff today is worth more than pieces of paper tomorrow. Plus at this rate, I'll be able to get even more shiny new stuff tomorrow anyways.
What did you buy with bitcoins on this holiday season?
submitted by 26671 to Bitcoin [link] [comments]

Alpaca Bitcoin Sock Review - Hiking / Survival Socks from Grass Hill Alpacas vlogwrap - YouTube Bitcoin Songs - YouTube Lowdown Bitcoin Blues - John Barrett - Bitcoins and Gravy The Bitcoin Show - YouTube

The reference to Alpaca socks has since been mentioned in quite a number of blog posts, news reports and videos occurring in the months since, , , , and . The Bitcoin community has generally identified with the Alpaca and the Alpaca-Bitcoin meme. We already knew that Bitcoin and alpacas had a special “connection” since we published this article, where we suggested that you spend your digital currency buying super comfy alpaca socks. However, there’s much more to this story, since alpacas are being considered the unofficial mascot of the cryptocurrency world.. If you never saw an alpaca, we can tell you it looks a lot like a llama ... In 2011, the popular Bitcoin explainer video, “What is Bitcoin?” was released by WeUseCoins, in which alpaca socks earned a mention, because bitcoiners love alpaca socks. Bitcoin Malware and Hacks Even after five years, only 3 percent of American respondents had said they used Bitcoin to make a purchase, resulting in Salmon winning a pair of alpaca socks, in reference to a 2011 Slashdot article that used the socks as an example of what Bitcoin could be used to purchase. No such issues with Alpaca. I had 4 tabs open at one point all logged in for trading with Alpaca and it never asked me to re-login once. In short, if you are having the same problem and want to have multiple screens/tabs open that are all connected to your broker you might want to check out Alpaca.

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Alpaca Bitcoin Sock Review - Hiking / Survival Socks from Grass Hill Alpacas

News Live Fashion Learning ... BITCOIN "ALL THE WAY UP" - Remix - Music Video - The Dollar Vigilante feat Freenauts & Jeff Berwick ... Max Min - Alpaca Socks (Official Music Video) by Max Min. 3:27. 50+ videos Play all Mix - Max Min - Alpaca Socks (Official Music Video) YouTube All About That Bitcoin - by Naomi van der Velde - Duration: 2:37. naomilvdv Recommended for you Bitcoin Mining Trading Philosophy Monetary System Innovation Altera Alpaca is one of the few companies out there making hunting socks from alpaca fiber. There are plenty of merino blend socks, but alpaca does have some inherent advantages on paper. The Bitcoin Show - All Episodes. ... News Live Spotlight 360° Video ... The Bitcoin Show - Episode 046 - The Alpaca Socks - GrassHillAlpacas.com by vlogwrap.

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