Bitcoin (cryptocurrency)

[zerox]

I stand by my comments earlier in thread that it is a speculative bubble based on the 'bigger fool' principle.

yep, you spot on, people have known this since bitcoin less than $1.
They have warned people for the last 10 years that bitcoin is a bubble.
It is very hard to educate people, I pity all the "bigger fools" who have disregarded your mantra over the years.

 

[Invisible Man's Bandage]

yep, you spot on, people have known this since bitcoin less than $1.
They have warned people for the last 10 years that bitcoin is a bubble.
It is very hard to educate people, I pity all the "bigger fools" who have disregarded your mantra over the years.

You are missing the point. Can you make money by buying Bitcoin? Of course you can, especially if you successfully ride the waves. Is it a sound financial investment for most people? Is it fuck!!

 

[penguins4kompany]

can whoever barred me from making my point please reinstate me on the politics forum. I don't want to cause any harm, thank yo.u

 

[Gaylord du Bois]

can whoever barred me from making my point please reinstate me on the politics forum. I don't want to cause any harm, thank yo.u

Try the Crumpets thread, mate.

Crumpets

Just tried some posh crumpets from Waitrose, they're fucking shit. If anyone other than Warburtons try to make crumpets they should be sentenced to death.

forums.bluemoon-mcfc.co.uk

 

[gomoich]

What sites are people using for buying crypto currency?

 

[fulabeer]

Just read an article about some bloke who has £175m in Bitcoin on a hard drive and has only two more attempts at the password.
He has tried 8 times without success. Two more and the hard drive locks up.

Sorry if this has already been covered.
Surely making a copy of the whole hard drive on a bit for bit level, would give him more attempts at cracking the password.
I know copying it wouldn't decrypt it, but why wouldn't the new hard drive let him at least try. (before using the real drive etc)
Or do you have to be connected to their servers with each attempt?

 

[journolud]

What sites are people using for buying crypto currency?

There’s a geezer with a lock up garage in Fallowfield will sort you out

 

[Gaylord du Bois]

Bitcoin: Newport man's plea to find £210m hard drive in tip

James Howells threw away a hard drive containing bitcoin - now worth £210m - by mistake in 2013.

www.bbc.co.uk

 

[Wafty Cranker]

What sites are people using for buying crypto currency?

Coinbase (pro) & Binance for some altcoins.

 

[flook]

Imagine.

that's bizarre because according to the Beeb it's a guy called James from Newport https://www.bbc.co.uk/news/uk-wales-55658942

 

[blue b4 the moon]

You have to be a special kind of dick to have so much money tied up and not have the password written down in code somewhere in the house.

 

[SWP's back]

that's bizarre because according to the Beeb it's a guy called James from Newport https://www.bbc.co.uk/news/uk-wales-55658942

Ha. Madness.

 

[SWP's back]

can whoever barred me from making my point please reinstate me on the politics forum. I don't want to cause any harm, thank yo.u

Ahahahahahahahaha.

 

[denislawsbackheel]

that's bizarre because according to the Beeb it's a guy called James from Newport https://www.bbc.co.uk/news/uk-wales-55658942

Completely different story.
However the point is there aren’t half some dickheads invested in Bitcoin!

 

[TINY]

that's bizarre because according to the Beeb it's a guy called James from Newport https://www.bbc.co.uk/news/uk-wales-55658942

Different story

 

[flook]

Completely different story.
However the point is there aren’t half some dickheads invested in Bitcoin!

so 2 people have somehow misplaced over £200million? That's a little careless of them....

 

[flook]

You have to be a special kind of dick to have so much money tied up and not have the password tattooed on both arms.

corrected for you

 

[cleavers]

so 2 people have somehow misplaced over £200million? That's a little careless of them....

I imagine they'll soon be employed HM government.

 

[inbetween]

Just read an article about some bloke who has £175m in Bitcoin on a hard drive and has only two more attempts at the password.
He has tried 8 times without success. Two more and the hard drive locks up.

Sorry if this has already been covered.
Surely making a copy of the whole hard drive on a bit for bit level, would give him more attempts at cracking the password.
I know copying it wouldn't decrypt it, but why wouldn't the new hard drive let him at least try. (before using the real drive etc)
Or do you have to be connected to their servers with each attempt?

I always think things like this are a load of tosh.

For a start, who is paranoid enough to encrypt their hard drive given it takes ages to constantly decrypt it which makes it run slow? The Windows software Bitlocker lets you try as many times as you want (impossible to guess it) so it must be encrypted by something pretty flash. A hacker could easily steal the information whilst it's being used though as the hard drive must remain decrypted when in use.

The only thing encryption is good for is if you have sensitive things you don't want someone to see if for example the hard drive was physically nicked. It's a bit pointless here though because whilst the thief can't access the encrypted hard-drive, neither can the guy it belonged to given it was nicked!

The best thing to do here if it's worth so much is to get the hard drive, write down its password on paper and stick both in a safety deposit box or vault somewhere.

 

[zerox]

The story is barely credible, the usual nonsense written for sensationalism.
I doubt very much it is true.

First flag to the story, there is no bitcoin address with 7002 coins, though this can easily be explained if his earnings were paid in instalments totalling 7002.

second flag, and this is really does make no sense, the story concentrates on a lost password to grab clicks.
But the password relates to the usb stick(ironkey brand), not his bitcoin.

If the story were true, the lost access would all be about his seed phrase(which is where his bitcoin live), and not his password.