On 03/19/2017 06:43 AM, Carlos E. R. wrote:
On 2017-03-18 23:35, Greg Freemyer wrote:
On Sat, Mar 18, 2017 at 5:41 PM, Carlos E. R. <> wrote:
On 2017-03-18 18:05, Doug wrote:
So, no openSUSE rpm? :-))
According to my research, it is very difficult to become profitable by mining these days. Apparently the amount you will pay in electric bills will not cover what you may get in return in bitcoins. There is a limit to the number of bitcoins available at 21 million. IIRC, the latest number of the total number of mined bitcoins is around 16 million. After all 16 million are found, there will be no more. This limit is expected to be reached within the next 10 years or so. That is one of the reasons people are turning to bitcoin as an alternative currency - governments cannot devalue them away in order to pay off their debts. The basics of bitcoin are like this, and I am just getting started so this may not be 100% correct. You can store bitcoins either in an online exchange, like a bank, but the problem is many exchanges have been hacked. Furthermore, hackers and governments will be able to track you and know how many bitcoins you have. You can also store them securely in a "wallet" on your pc, and make the storage unhackable. You can even store them on a piece of paper in your desk drawer, and as long as nobody knows it is there, they can't steal your funds. The bitcoin network allows you to transfer bitcoins anywhere in the world without having to fill out paperwork and get approval from governments. That is why it is appealing to 2 groups of people - privacy advocates, and criminals. IMHO, if finances are involved, there will never be a way to prevent crime from figuring out some way to connect to it. The bulk of bitcoin investors are not criminals or connected to crime, but the system can't help it if criminals want to get involved. They hide the fact they are criminals - how is it possible to keep them all away from the system? I see the crime argument as a moot point in the debate against bitcoin. Privacy, however, is a strong argument in favor of its use. Governments want to devalue currency in order to pay of debts, and will confiscate assets to do the same. Bitcoin provides a means for holding something of value away from the prying eyes of governments and hackers. However, my main question, and why I posted here and not in the off-topic list, had to do with the technical considerations of installing a secure bitcoin wallet in an encrypted directory on an opensuse machine. There is an rpm in the repositories, in the update repository and in the OSS repository. There is the bitcoin source package, as well as bitcoin-qt5, bitcoin-test, bitcoin-utils, and bitcoind. I am pretty sure that these packages consist of the bitcoin client, which allow trading of bitcoin to and from other people into your own wallet, but I am not yet familiar with the process. I haven't looked into any of these, and I am wondering if someone has. If you want to email me privately also, feel free. Or if someone can show me how to contact the maintainer of these packages, I can do that. A google search for bitcoin wallets shows electrum as being a popular opensource wallet, but it is not in the repositories for opensuse. I was also wondering if/how anyone has set up a bitcoin wallet on an opensuse platform, and what the technical considerations are for doing that. My next step is to install the packages and see what happens. -- George Box: 42.2 | KDE Plasma 5.8 | AMD Phenom IIX4 | 64 | 32GB Laptop #1: 42.2 | KDE Plasma 5.8 | Core i7-4710HQ | 64 | 16GB Laptop #2: 42.2 | KDE Plasma 5.8 | Core i5 | 64 | 8GB -- To unsubscribe, e-mail: opensuse+unsubscribe@opensuse.org To contact the owner, e-mail: opensuse+owner@opensuse.org