re: Let's play a game called Bitcoin Forensics

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I'm starting to read these threads by Wiki solely to watch you harass him until he finally caves and responds to you. You are a breath of fresh air in these threads

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Same here. However, Wiki is holding strong to his policy, credit him for that. I would of caved easily and responded.

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Same here. However, Wiki is holding strong to his policy, credit him for that. I would of caved easily and responded.

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Well, it's pretty damned easy to promote, and defend, an intangible thing.....

there's nothing to see, hold, and own except a bunch of "zero's and one's" out in cyberspace!

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Same here. The longer Wiki holds out, the longer I will read I suppose

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I'm going the distance with this one. I'll see it through to the end.

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I'm going the distance with this one. I'll see it through to the end.

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shite man, me too. These are the only threads really keeping me on TD.com these days. I've moved to another site to get my regular fill of message boards. I rarely even post on the OT or Poli Board here anymore.

But here, let me tell you the future of these threads...

It's been about 6 months since I started posting about bitcoins regularly on here.

I've endured a shite ton of abuse, derision, laughter, name-calling, etc. all while the bitcoin economy continues to grow and the value of bitcoin continues to grow.

That will continue for the next 6 months. At the 1 year point of my postings, I will post a summary of all bitcoin growth. It will be met with backlash and ridicule. People will be saying how its a scam and it's going to crash anytime soon.

A year from then, I'll post another summary again of yet more bitcoin growth. A few of you will start being less opposed to the idea, although the core group of you that are most resistant will double down on it because you are too stubborn to admit you were wrong.

A year from then, I'll post a final bitcoin summary, tell you how most of you are a bunch of luddite idiots who can't recognize change when it slaps them in the face, then I'll ride off into the sunset mooning you all.

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That will continue for the next 6 months.

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I can't disagree with that. I think it will hang around at least 6 months. Probably a year.

The year after that is where I think you'll have problems.

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And remember, it's trivial for an individual to have a million addresses that each contain .1 bitcoins if they so choose.

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Wow, having 100,000 bitcoins to fund one million addresses with .1 bitcoins each is trivial. Since there are only 22 million bitcoins, you would have a significant share of the total market to pull off this trivial task.

If it is trivial to set up and monitor one million addresses a person should be able to conduct transactions between his own accounts that give the appearance of billions of sham transactions being conducted via bitcoins, and wouldn't that allow that person to manipulate the market by giving the impression that bitcoins are being used with greater frequency than is actually the case? Under your claim of being unable to trace transactions you'd have no way of ever determining real vs. sham transactions. To put it bluntly, you are admitting that you can't detect efforts to manipulate the market value of bitcoins via fraud.

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Wow, having 100,000 bitcoins to fund one million addresses with .1 bitcoins each is trivial. Since there are only 22 million bitcoins, you would have a significant share of the total market to pull off this trivial task.

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You are smarter than this poodle. At least I thought you were. I forgot that on this message board, if you don't explain things like a person is 5 years old, they misinterpret what you said. Like I said, I thought you were smarter than that, but oh well.

Here, let me clarify: I didn't mean to say that it was trivial to have 100,000 bitcoins. Obviously that is a lot of money and takes considerable effort to obtain. However, what is trivial is if someone did have 100,000 bitcoins and wanted to split them between a million wallets.

But most of the people reading that understood what I was saying. Sadly, you didn't.

And BTW, there will never be more than 21 million bitcoins. See, I can be pedantic too!

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If it is trivial to set up and monitor one million addresses a person should be able to conduct transactions between his own accounts that give the appearance of billions of sham transactions being conducted via bitcoins, and wouldn't that allow that person to manipulate the market by giving the impression that bitcoins are being used with greater frequency than is actually the case? Under your claim of being unable to trace transactions you'd have no way of ever determining real vs. sham transactions. To put it bluntly, you are admitting that you can't detect efforts to manipulate the market value of bitcoins via fraud.

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What? Seriously....what?

Overall transaction volume isn't a great statistic to measure activity. Anyone who bases the value of bitcoin on that is dumb. There are better metrics to use. But I doubt telling you that will do any good.

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Where can I cash my bitcoins?

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At exchanges. Or with individuals. You can find people on localbitcoins.com

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Is there an FDIC for Bitcoins?

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Nope.

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Will gas stations and groceries accept bitcoins?

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I'm not aware of any yet.

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Can I drop a bitcoin in the Salvation Army kettle, or give a panhandler a couple of bitcoins?

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I don't think the Salvation Army accepts them, but many charities do.

Here's an incomplete list of charities/non-profits/organizations that do accept bitcoin donations: https://en.bitcoin.it/wiki/Donation-accepting_organizations_and_projects

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Where can I cash my bitcoins?



At exchanges. Or with individuals. You can find people on localbitcoins.com

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How often do they have these "exchanges" and what would I get in exchange for the bitcoin?

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Is there an FDIC for Bitcoins?



Nope.

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So I would really have no recourse IF "something happened"....

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Will gas stations and groceries accept bitcoins?



I'm not aware of any yet.

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Pretty standard stuff for most folks, wouldn't you say? So cash, checks, and card transactions will be required for most of our commercial transactions.....

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Can I drop a bitcoin in the Salvation Army kettle, or give a panhandler a couple of bitcoins?



I don't think the Salvation Army accepts them, but many charities do.

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Personally, I like the smile and thank you when I drop some cash in the donation kettle....

Those names sure don't sound like either a charity or a non-profit...just more examples of wiki wanting to support nefarious groups intent on disrupting businesses and organizations.

"hackers"???? "pirate support"??? Seriously???