Just wondering, what happens to your digital currencies when something really bad happens to you? Am specifically thinking of bit coins & other cryptos which require private keys known only to you. ./Ok3ch
They die with you unless you had planned for it.. See this http://www.marketwatch.com/story/what-happens-to-your-bitcoins-when-you-die-... Wayne Parker, who runs a blog about Bitcoins called The Genesis Block<http://www.thegenesisblock.com/protect-your-bitcoin-wallet-after-you-die-2/> , points out that this secure system also creates a concern at the time of a Bitcoin wallet owner's death: " One of the goals of a Bitcoin wallet owner is to secure his/her wallet so others cannot gain unwanted access to it. This security also prevents your loved ones and beneficiaries to gain access to your Bitcoins in the event of your death unless you have planned for it." On Thu, Jan 30, 2014 at 12:52 PM, Okechukwu <okechukwu@gmail.com> wrote:
Just wondering, what happens to your digital currencies when something really bad happens to you? Am specifically thinking of bit coins & other cryptos which require private keys known only to you.
./Ok3ch
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Lemmi start planning, nowadays Westgate can happen anywhere, SMH! ./Ok3ch On Thu, Jan 30, 2014 at 11:12 AM, george < theonlydamnedavailablename@gmail.com> wrote:
They die with you unless you had planned for it..
See this http://www.marketwatch.com/story/what-happens-to-your-bitcoins-when-you-die-...
Wayne Parker, who runs a blog about Bitcoins called The Genesis Block<http://www.thegenesisblock.com/protect-your-bitcoin-wallet-after-you-die-2/> , points out that this secure system also creates a concern at the time of a Bitcoin wallet owner's death: " One of the goals of a Bitcoin wallet owner is to secure his/her wallet so others cannot gain unwanted access to it. This security also prevents your loved ones and beneficiaries to gain access to your Bitcoins in the event of your death unless you have planned for it."
On Thu, Jan 30, 2014 at 12:52 PM, Okechukwu <okechukwu@gmail.com> wrote:
Just wondering, what happens to your digital currencies when something really bad happens to you? Am specifically thinking of bit coins & other cryptos which require private keys known only to you.
./Ok3ch
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Okech How does bit coins mining actually work ? Regards, *Emmanuel Macharia* *Cell:+254.722.858.418 - Personal* *Cell.+254-738-858-418 -Direct * ************************************************************************************* *One thing i always do is Forget the past and Match forward towards Success* On Thu, Jan 30, 2014 at 12:52 PM, Okechukwu <okechukwu@gmail.com> wrote:
Just wondering, what happens to your digital currencies when something really bad happens to you? Am specifically thinking of bit coins & other cryptos which require private keys known only to you.
./Ok3ch
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Its simply using resources on one's computer (GPU or CPU) to help a central server sort complex mathematical algorithm (mine) and then the server gets rewarded and shares the rewards amongst the contributing computers - Very simply put More complex and very well explained - https://bitcoin.org/en/ ./Ok3ch On Thu, Jan 30, 2014 at 11:14 AM, Emmanuel <emmanuel.macharia@gmail.com>wrote:
Okech
How does bit coins mining actually work ?
Regards,
*Emmanuel Macharia* *Cell:+254.722.858.418 <%2B254.722.858.418> - Personal* *Cell.+254-738-858-418 <%2B254-738-858-418> -Direct *
************************************************************************************* *One thing i always do is Forget the past and Match forward towards Success*
On Thu, Jan 30, 2014 at 12:52 PM, Okechukwu <okechukwu@gmail.com> wrote:
Just wondering, what happens to your digital currencies when something really bad happens to you? Am specifically thinking of bit coins & other cryptos which require private keys known only to you.
./Ok3ch
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Skunkworks Rules http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 ------------ Other services @ http://my.co.ke
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https://www.udemy.com also has very nice lessons and video tutorials on bit coins, with Androis/iOS apps ./Ok3ch On Thu, Jan 30, 2014 at 11:37 AM, Okechukwu <okechukwu@gmail.com> wrote:
Its simply using resources on one's computer (GPU or CPU) to help a central server sort complex mathematical algorithm (mine) and then the server gets rewarded and shares the rewards amongst the contributing computers - Very simply put
More complex and very well explained - https://bitcoin.org/en/
./Ok3ch
On Thu, Jan 30, 2014 at 11:14 AM, Emmanuel <emmanuel.macharia@gmail.com>wrote:
Okech
How does bit coins mining actually work ?
Regards,
*Emmanuel Macharia* *Cell:+254.722.858.418 <%2B254.722.858.418> - Personal* *Cell.+254-738-858-418 <%2B254-738-858-418> -Direct *
************************************************************************************* *One thing i always do is Forget the past and Match forward towards Success*
On Thu, Jan 30, 2014 at 12:52 PM, Okechukwu <okechukwu@gmail.com> wrote:
Just wondering, what happens to your digital currencies when something really bad happens to you? Am specifically thinking of bit coins & other cryptos which require private keys known only to you.
./Ok3ch
_______________________________________________ skunkworks mailing list skunkworks@lists.my.co.ke ------------ List info, subscribe/unsubscribe http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks ------------
Skunkworks Rules http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 ------------ Other services @ http://my.co.ke
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So what use case do crypto currencies address that's not addressed by other payment methods? On Thursday, January 30, 2014, Okechukwu <okechukwu@gmail.com> wrote:
https://www.udemy.com also has very nice lessons and video tutorials on bit coins, with Androis/iOS apps
./Ok3ch
On Thu, Jan 30, 2014 at 11:37 AM, Okechukwu <okechukwu@gmail.com<javascript:_e(%7B%7D,'cvml','okechukwu@gmail.com');>
wrote:
Its simply using resources on one's computer (GPU or CPU) to help a central server sort complex mathematical algorithm (mine) and then the server gets rewarded and shares the rewards amongst the contributing computers - Very simply put
More complex and very well explained - https://bitcoin.org/en/
./Ok3ch
On Thu, Jan 30, 2014 at 11:14 AM, Emmanuel <emmanuel.macharia@gmail.com<javascript:_e(%7B%7D,'cvml','emmanuel.macharia@gmail.com');>
wrote:
Okech
How does bit coins mining actually work ?
Regards,
*Emmanuel Macharia* *Cell:+254.722.858.418 <%2B254.722.858.418> - Personal* *Cell.+254-738-858-418 <%2B254-738-858-418> -Direct *
************************************************************************************* *One thing i always do is Forget the past and Match forward towards Success*
On Thu, Jan 30, 2014 at 12:52 PM, Okechukwu <okechukwu@gmail.com<javascript:_e(%7B%7D,'cvml','okechukwu@gmail.com');>
wrote:
Just wondering, what happens to your digital currencies when something really bad happens to you? Am specifically thinking of bit coins & other cryptos which require private keys known only to you.
./Ok3ch
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Okech, u actually mine them? whats the cost of the gear? running cost visa a vis the returns ? //Watson On 30 January 2014 16:31, John Maina <mwasjunior@gmail.com> wrote:
So what use case do crypto currencies address that's not addressed by other payment methods?
On Thursday, January 30, 2014, Okechukwu <okechukwu@gmail.com> wrote:
https://www.udemy.com also has very nice lessons and video tutorials on bit coins, with Androis/iOS apps
./Ok3ch
On Thu, Jan 30, 2014 at 11:37 AM, Okechukwu <okechukwu@gmail.com> wrote:
Its simply using resources on one's computer (GPU or CPU) to help a central server sort complex mathematical algorithm (mine) and then the server gets rewarded and shares the rewards amongst the contributing computers - Very simply put
More complex and very well explained - https://bitcoin.org/en/
./Ok3ch
On Thu, Jan 30, 2014 at 11:14 AM, Emmanuel <emmanuel.macharia@gmail.com>wrote:
Okech
How does bit coins mining actually work ?
Regards,
*Emmanuel Macharia* *Cell:+254.722.858.418 <%2B254.722.858.418> - Personal* *Cell.+254-738-858-418 <%2B254-738-858-418> -Direct *
************************************************************************************* *One thing i always do is Forget the past and Match forward towards Success*
On Thu, Jan 30, 2014 at 12:52 PM, Okechukwu <okechukwu@gmail.com>wrote:
Just wondering, what happens to your digital currencies when something really bad happens to you? Am specifically thinking of bit coins & other cryptos which require private keys known only to you.
./Ok3ch
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-- Watson Kambo
Yes, I do mine them, from my laptop :-) Mining bit coins is not a 'get rich quail-like' scheme, the returns are barely anything. Even if you invest in machines with very good GPU/CPU, it could take you ages to get any meaningful return. Those who started mining earlier got better returns since the mining difficulty increases every year & thus it is more difficult getting anything out of mining as the years go by. Most people mine with the sole aim of 'contributing' your processor power & you get a thank you :-) My mining account has less than 0.00001 BTC after mining for 3-4 months. I only mine when my laptop is idle especially during the night. ./Ok3ch Sent from my iPad
On Jan 30, 2014, at 18:07, Watson Kambo <wkwats@gmail.com> wrote:
Okech, u actually mine them? whats the cost of the gear? running cost visa a vis the returns ?
//Watson
On 30 January 2014 16:31, John Maina <mwasjunior@gmail.com> wrote: So what use case do crypto currencies address that's not addressed by other payment methods?
On Thursday, January 30, 2014, Okechukwu <okechukwu@gmail.com> wrote: https://www.udemy.com also has very nice lessons and video tutorials on bit coins, with Androis/iOS apps
./Ok3ch
On Thu, Jan 30, 2014 at 11:37 AM, Okechukwu <okechukwu@gmail.com> wrote: Its simply using resources on one's computer (GPU or CPU) to help a central server sort complex mathematical algorithm (mine) and then the server gets rewarded and shares the rewards amongst the contributing computers - Very simply put
More complex and very well explained - https://bitcoin.org/en/
./Ok3ch
On Thu, Jan 30, 2014 at 11:14 AM, Emmanuel <emmanuel.macharia@gmail.com> wrote: Okech
How does bit coins mining actually work ?
Regards,
Emmanuel Macharia Cell:+254.722.858.418 - Personal Cell.+254-738-858-418 -Direct ************************************************************************************* One thing i always do is Forget the past and Match forward towards Success
On Thu, Jan 30, 2014 at 12:52 PM, Okechukwu <okechukwu@gmail.com> wrote: Just wondering, what happens to your digital currencies when something really bad happens to you? Am specifically thinking of bit coins & other cryptos which require private keys known only to you.
./Ok3ch
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-- Watson Kambo _______________________________________________ skunkworks mailing list skunkworks@lists.my.co.ke ------------ List info, subscribe/unsubscribe http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks ------------
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@John - crypto currencies primarily address security & one other thing that is a bonus to this security is anonymity. I can send you 1 BTC with you not knowing who has sent it to you and it never being traced back to me, but to my wallet which you cannot prove is mine ./Ok3ch Sent from my iPad
On Jan 30, 2014, at 14:31, John Maina <mwasjunior@gmail.com> wrote:
So what use case do crypto currencies address that's not addressed by other payment methods?
On Thursday, January 30, 2014, Okechukwu <okechukwu@gmail.com> wrote: https://www.udemy.com also has very nice lessons and video tutorials on bit coins, with Androis/iOS apps
./Ok3ch
On Thu, Jan 30, 2014 at 11:37 AM, Okechukwu <okechukwu@gmail.com> wrote: Its simply using resources on one's computer (GPU or CPU) to help a central server sort complex mathematical algorithm (mine) and then the server gets rewarded and shares the rewards amongst the contributing computers - Very simply put
More complex and very well explained - https://bitcoin.org/en/
./Ok3ch
On Thu, Jan 30, 2014 at 11:14 AM, Emmanuel <emmanuel.macharia@gmail.com> wrote: Okech
How does bit coins mining actually work ?
Regards,
Emmanuel Macharia Cell:+254.722.858.418 - Personal Cell.+254-738-858-418 -Direct ************************************************************************************* One thing i always do is Forget the past and Match forward towards Success
On Thu, Jan 30, 2014 at 12:52 PM, Okechukwu <okechukwu@gmail.com> wrote: Just wondering, what happens to your digital currencies when something really bad happens to you? Am specifically thinking of bit coins & other cryptos which require private keys known only to you.
./Ok3ch
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participants (5)
-
Emmanuel -
george -
John Maina -
Okechukwu -
Watson Kambo