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 Replies: 128 / Views: 18,814 |
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Pillar of the Community
United States
3789 Posts |
The funny thing is, the more people call this a bubble and try to knock it down, it will defy them all.
Why even bother with speculating with gold and silver when you can ride a trend in BC?
I think theres a bubble in using the word "bubble" all the time. Perhaps it would be easier to comprehend the strength of trends in all sorts of assets.
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Bedrock of the Community
13014 Posts |
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To say a B&E is harder to accomplish than to hack is absurd. Its a lot less likely to happen unless you live in a bad part of an inner city. Someone has to be motivated to do it you cant just run programs or sit at your computer and accomplish it. Quote:
A 256 bit encrypted password is still arguably safe against the NSA. Its really not, not even close. They dont even have to crack that they can just back door their way into things or target weaknesses in the code. They hack into the most secure government computers in the world, theyd have no problem with it. Quote:
No 14yr old hacker from the UK is going to crack that buddy. But a 14yr old will most certainly walk into your house, take your stash and threaten to harm your family. Its been done time & time again. Thats not true, theres quite a few examples of young hackers getting into things no one would have ever imagined. I'm not even talking about them anyway. I'm talking about organized crime, terrorist groups, foreign countries just taking money no one can trace at will because they feel like it. Theyve already had millions taken, if not 10s of millions or more. Its only going to get worse the more money that gets put into it. That doesn't even address the private hackers or lone hacker |
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Pillar of the Community
United States
1511 Posts |
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To say a B&E is harder to accomplish than to hack is absurd.
I disagree as well... Not only is a B&E harder with more work involved but a much higher personal risk.. If you fail a hack you can just sit back on your couch and try again, (and if you succeed you can keep doing it) while a B&E there's a extreme risk of jail, and if the assailant even has any type of weapon on him it's armed home invasion and he'd be looking a long state prison sentence.. And with a hack once you have the "money" you disappear, little to no risk of getting caught, while a home invasion you'd always have the chance of being found out and going to jail. Not to mention that the odds of someone "holding a gun to a family members head" is even less likely... Most B&E's occur when nobody is home, it takes a "special" kind of criminal to have the guts to pull an armed home invasion let alone harm someone in the process. Not to mention everything in my home is insured, I'm sure I wouldn't get the full amount back in the event of a robbery but at least I'd get something opposed to the $0 I'd get if I was hacked.. You obviously like BC's... That's fine, totally your call, in fact I hope you become wealthy off of them, But it's not for me.. At all.. I don't trust it at all and believe it will crash hard with lots of people loosing out. Obviously it works for some people.. For now... And to flip them quick as denco7's kid did obviously works but I have little faith in holding them for the long run, again crash and burn comes to mind. And do keep us updated, I'd like to see what the future holds for BC's.. I just don't see them being the future at all.. |
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Bedrock of the Community
United States
10038 Posts |
I did some study on passwords awhile ago to keep my stuff more secure.
Online the info I came up with is that a 16 character length password is like a credit card number - there are so very many possibilities by the time you get 16 characters that it is likely not to be stolen. When you add numbers, caps and no caps, and symbols, the general opinion is that it is well nigh impossible to crack with todays processors.
How much squash could a Sasquatch squash if a Sasquatch would squash squash? Download and read: Grading the graders Costly TPG ineptitude and No FG Kennedy halveshttps://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2 |
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Pillar of the Community
Australia
7096 Posts |
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Why even bother with speculating with gold and silver when you can ride a trend in BC? Paper PM's and BC's are pretty much the same thing, you are buying something that doesn't actually exist and are buying on blind faith. Physical PM's however are a totally different kettle of fish, these you can hold in your hand and you have actual ownership of without relying on someone's promise to supply. Call me old fashioned but I would rather have the bird in the hand than two birds in some cyber Bush created out of thin air  |
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Bedrock of the Community
United States
10038 Posts |
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Call me old fashioned but I would rather have the bird in the hand than two birds in some cyber Bush created out of thin air Agreed, but the idea that I could invest nothing and make some money while doing it is what started me looking into BTC. Again - not an investment! But there dis nothing wrong with "playing the game" when you know you can win and it costs nothing. How much squash could a Sasquatch squash if a Sasquatch would squash squash? Download and read: Grading the graders Costly TPG ineptitude and No FG Kennedy halveshttps://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2 |
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Pillar of the Community
Canada
2805 Posts |
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Hacking some random site like bitcoin OK... bitcoin is not actually a website. If you put the bitcoin files on a USB thumb drive not connected to the Internet, they are secure. I mean, bitcoins annoy me, but I have read up on the infrastructure a little bit and the bitcoins themselves are competently programmed - you just don't want to put them on a machine that can be severely compromised. "Hacking" is a nebulous threat in today's culture, but the real threat is being stupid: there were bitcoin "online wallet" services that you gave your bitcoins to in the hopes that they would keep them safe. Surprise... bitcoin prices jumped, and suddenly many of these services went offline, never to be seen again... |
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Pillar of the Community
Canada
815 Posts |
No government has the authority to interfere with BC, since it is a virtual commodity. Not going to happen.
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Bedrock of the Community
13014 Posts |
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No government has the authority to interfere with BC, since it is a virtual commodity Every government actually has the ability to do what they want to it, it falls under the protection of no one. Just like online poker, one law and its illegal to use in whatever country decides to say so. If North Korea can make fake US bills when we could wipe them off the face of the earth 100 times over, any government that wants to can mess with bit coins. The only way anyone would care is if its a country under sanctions getting massive amounts of cash from it. |
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Valued Member
 United States
239 Posts |
It is near impossible to crack a 256 bit password. My point is that computers CAN be secure. If you follow the correct precautions, then you will not have to worry about an attack. Not to mention, you do not have to keep bitcoins in an online wallet, or even on a computer at all. Look into "paper wallets". Quote:
Breaking a symmetric 256-bit key by brute force requires 2128 times more computational power than a 128-bit key. 50 supercomputers that could check a billion billion (1018) AES keys per second (if such a device could ever be made) would, in theory, require about 3×1051 years to exhaust the 256-bit key space. No government can just "control" bitcoin. That's just not even plausible. The senate just recently had a meeting on bitcoin. A few senators know what its about but the majority dont know much, they all pretty much just agree that its complicated. Max Keiser is big on bitcoin. |
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Pillar of the Community
United States
3789 Posts |
this is the bottom line on on bitcoin. SPECULATE to your hearts content. Its all about making $$$$$$$.
nothing else matters.
I agree with gentlemen BB's comments.... he makes some good observations I agree with. So don't be surprised Uncle Sam stamps it out.
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Pillar of the Community
Canada
3692 Posts |
Well, of course a traitor, I mean trader, OOPS, is going to tell you that your money can hug you and that money is the most important thing ever bar none.
What would you rather have: your family, pictures of your family, or memories of your family? Make up your own analogy, but the physical family and guarding of human life is THE top priority of any sane man. Money for the sake of more money is a disease. Use it as a tool, not as blood.
It's a bubble. You don't have to trust me, just look at the spikes - I never use the word bubble loosely. I wouldn't ever accept those things as payment. That's probably the day I go crazy and don't care about tomorrow's drop. Bitcoins don't even make my life easier.
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Pillar of the Community
Canada
3692 Posts |
I'm going to update my PIN from 4 numbers to 16 just because of this. Naw.... There's nothing in that account anyways.
But really, anyone attempting a B&E on my family is just putting themselves in extremely stupid personal danger.
One might say that BitCoin isn't tethered down by any authorities. Fine, but who owns the US government interests - it's the big corporations and lobbyists, so while BitCoin is small now, it doesn't mean that they can never be Walmart-sized down the road.
Disclaimer: my posts probably don't apply to people stuck in the 1950s Superhero Amurica.
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Pillar of the Community
Canada
815 Posts |
A buddy of mine bought 10 Bit coin back when they were like $0.50 each, and mined another 5. He had no idea what had been happening to them since they hit $100 a while back. He found out last night. He just paid off his student loan.
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Valued Member
United States
264 Posts |
Bitcoin, Litecoin and the whole concept are getting much bigger than even we first realized just a year ago. Today, the Bitcoin trading market has a large selection on online vendors and it is easier than ever to exchange with them. The online markets are showing more action than ever with over 5 exchanges moving millions of shares a day. Here are a few links to ponder: Royal Mint Making Gold Backed Bitcoin http://www.zerohedge.com/news/2013-...cal-bitcoinsGoogle Trends showing that Lady Gaga is about to be passed by Bitcoin in search popularity! https://www.google.com/trends/explo...0Gaga&cmpt=qDo I support Bitcoin? The jury is still out. |
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Replies: 128 / Views: 18,814 |
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Posted 11/27/2013 3:14 pm
