http://forum.lowyat.net/ Fri, 05 Jun 2026 22:03:35 +0800 FeedCreator 1.7.2 http://forum.lowyat.net/topic/3720112 Personally i am huge fan of digital currency, and i have been following this technology almost 2 years now. <br /><br />And did a quick search in this forum and didn&#39;t really found any thread related to Bitcoin and i would like to try my luck to start one and share my knowledge with you guys. <br /><br />Feel free to ask any question, i will try my best to answer as best that i can.<br /><br />p/s : my english not so good so dont flame me ok <!--emo&:D--><img src='http://static.lowyat.net/style_emoticons/default/biggrin.gif' border='0' style='vertical-align:middle' alt='biggrin.gif' /><!--endemo--><br /><br /><span style='font-size:14pt;line-height:100%'><u><b>What is Bitcoin?</b></u></span><br /><!--SPOILER BEGIN--><div class="spoilertop" onClick="openClose('e6c76ca0c32b258072087248ce4cf993')" style="font-weight: bold"><u>&raquo; Click to show Spoiler - click again to hide... &laquo;</u></div><div class="spoilermain" id="e6c76ca0c32b258072087248ce4cf993" style="display:none"><!--SPOILER END-->Since anything digital can be copied over and over again, the hard part about implementing a digital payment system is making sure that nobody spends the same money more than once. Traditionally, this is done by having a trusted central authority (like PayPal) that verifies all of the transactions. The core innovation that makes Bitcoin special is that it uses consensus in a massive peer-to-peer network to verify transactions. This results in a system where payments are non-reversible, accounts cannot be frozen, and transaction fees are much lower.<!--SPOILER DIV--></div><!--SPOILER DIV--><br /><span style='font-size:14pt;line-height:100%'><u><b>Where do Bitcoins come from?</b></u></span><br /><!--SPOILER BEGIN--><div class="spoilertop" onClick="openClose('9a26b39789e4cce427e6fe6601e59b20')" style="font-weight: bold"><u>&raquo; Click to show Spoiler - click again to hide... &laquo;</u></div><div class="spoilermain" id="9a26b39789e4cce427e6fe6601e59b20" style="display:none"><!--SPOILER END-->We go more in-depth about this on the page about mining, but here’s a very simple explanation: Some users put their computers to work verifying transactions in the peer-to-peer network mentioned above. These users are rewarded with new bitcoins proportional to the amount of computing power they donate to the network.<!--SPOILER DIV--></div><!--SPOILER DIV--><br /><u><b><span style='font-size:14pt;line-height:100%'>Who controls Bitcoin?</span></b></u><br /><!--SPOILER BEGIN--><div class="spoilertop" onClick="openClose('1ec5eb2f21341975864c700358987928')" style="font-weight: bold"><u>&raquo; Click to show Spoiler - click again to hide... &laquo;</u></div><div class="spoilermain" id="1ec5eb2f21341975864c700358987928" style="display:none"><!--SPOILER END-->As we mentioned above, there is no central person or central authority in charge of Bitcoin. Various programmers donate their time developing the open source Bitcoin software and can make changes subject to the approval of lead developer Gavin Andresen. The individual miners then choose whether to install the new version of the software or stick to the old one, essentially “voting” with their processing power. It is in the miners’ best interest to only accept changes that are good for the Bitcoin currency in the long run. These checks and balances make it difficult for anyone to manipulate Bitcoin.<!--SPOILER DIV--></div><!--SPOILER DIV--><br /><u><b><span style='font-size:14pt;line-height:100%'>How to get Bitcoins</span></b></u><br /><!--SPOILER BEGIN--><div class="spoilertop" onClick="openClose('5d186a9abe2ea3cefd45be0cf22be0ac')" style="font-weight: bold"><u>&raquo; Click to show Spoiler - click again to hide... &laquo;</u></div><div class="spoilermain" id="5d186a9abe2ea3cefd45be0cf22be0ac" style="display:none"><!--SPOILER END--><br />Decentralized Exchange<br /><a href='https://bitsquare.io/' target='_blank'>https://bitsquare.io/</a><br /><a href='http://www.coinffeine.com/' target='_blank'>http://www.coinffeine.com/</a><br />Pro :<br />Decentralized – there is no single point of failure.<br />Safe – Bitsquare never holds your funds.<br />Instantly accessible – no need for approval from a central authority.<br />Cons : <br />New and low volume (time will tell they will be popular or not)<br /><br />By Buying via ATM<br />Pros - Safe and instant <br />Cons - Higher markup, not sure how much but it will be usually higher than market rate.<br /><!--SPOILER BEGIN--><div class="spoilertop" onClick="openClose('3ca8b280bbf30fb4f61bf69a8cb34d64')" style="font-weight: bold"><u>&raquo; Click to show Spoiler - click again to hide... &laquo;</u></div><div class="spoilermain" id="3ca8b280bbf30fb4f61bf69a8cb34d64" style="display:none"><!--SPOILER END-->Bangsar Shopping Centre<br />Is the machine active? Yes<br />Bangsar Shopping Centre, 285 Jalan Maarof, Bukit Bandaraya, 51200 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia<br />Launch Date: Mar 28, 2014<br />Location: Hotspot F116, 1st Floor, Bangsar Shopping Centre, 285 Jalan Maarof, Bukit Bandaraya, 5900 KL<br />Owner: Mr Mike Tan<br />Location: <a href='http://www.bsc.com.my/' target='_blank'>http://www.bsc.com.my/</a><br />ATM Manufacturer: Numoni<br />Exchange Used: <br />Source: <a href='http://www.coindesk.com/money-spinners-weeks-bitcoin-atm-news-2/' target='_blank'>http://www.coindesk.com/money-spinners-wee...oin-atm-news-2/</a> <br /><a href='https://www.facebook.com/BTCMalaysia/photos/a.122579097891616.25737.118567571626102/304694173013440/?type=1&theater' target='_blank'>https://www.facebook.com/BTCMalaysia/photos...?type=1&theater</a><br /><br />or <br /><br />Gurney Plaza, Georgetown<br />Is the machine active? Yes<br />Gurney Plaza, 170-3-10 Persiaran Gurney, 10250 Georgetown, Malaysia<br />Launch Date: Mar 28, 2014<br />** To order a Numoni AVM, contact Mr Marcus Leng at marcuz7@gmail.com OR numoni.btcfuture@gmail.com ** Please send more details and also send us any images of this machine in operation.<br />Owner: Mr Charlie Lim<br />Location: <br />ATM Manufacturer: Numoni<br />Exchange Used: N/A N/A<br />Source: <a href='http://www.coindesk.com/money-spinners-weeks-bitcoin-atm-news-2/' target='_blank'>http://www.coindesk.com/money-spinners-wee...oin-atm-news-2/</a><!--SPOILER DIV--></div><!--SPOILER DIV--><br /><br />By buying via COD (meetup and exchange cash/bitcoin)<br />LocalBitcoins - <a href='https://localbitcoins.com/country/MY' target='_blank'>https://localbitcoins.com/country/MY</a><br />Pros - dealer might just around/nearer to you<br />Cons - security/scam issue (reputation based), somewhat centralized.<br /><br />Get your business listed - Providing service and get Bitcoin as payment<br />Bitcoin Map - <a href='http://bitcoinmaps.info/' target='_blank'>http://bitcoinmaps.info/</a><br />ConiMap - <a href='https://coinmap.org/' target='_blank'>https://coinmap.org/</a><br />Pros - Get your Bitcoins the cheapest way possible<br />Cons - Low volume due to low popularity<br /><br />Various Bitcoin Faucet Goggle : Bitcoin Faucet<br />Pros - FREE&#33;&#33;<br />Cons - Just enough for you to try to play around with it like send to your friends and back<!--SPOILER DIV--></div><!--SPOILER DIV--><br /><br /><span style='font-size:14pt;line-height:100%'><b><u>List of major companies that accept Bitcoins</u></b></span><br />Bare in mind big companies like this cannot anyhow accept any other currency, especially digital currency. I am pretty sure they already did all the legal work, and check it inside out, consult when professionals.<br />Even with all the people giving bitcoin a bad name, these big companies still go ahead and associate them self with Bitcoin shows that its the right/smart things to do.<br /><!--SPOILER BEGIN--><div class="spoilertop" onClick="openClose('152cda73ebf493889705dbdc53e7e697')" style="font-weight: bold"><u>&raquo; Click to show Spoiler - click again to hide... &laquo;</u></div><div class="spoilermain" id="152cda73ebf493889705dbdc53e7e697" style="display:none"><!--SPOILER END-->Dell - <a href='http://www.dell.com/learn/us/en/uscorp1/campaigns/bitcoin-marketing' target='_blank'>http://www.dell.com/learn/us/en/uscorp1/ca...tcoin-marketing</a><br />Microsoft - <a href='https://commerce.microsoft.com/PaymentHub/Help/Right?helppagename=CSV_BitcoinHowTo.htm' target='_blank'>https://commerce.microsoft.com/PaymentHub/H...itcoinHowTo.htm</a><br />newegg.com - <a href='http://www.newegg.com/bitcoin' target='_blank'>http://www.newegg.com/bitcoin</a><br />Paypal - <a href='http://www.forbes.com/sites/ryanmac/2014/09/23/paypal-takes-small-step-toward-bitcoin-partners-with-cryptocurrency-processors/' target='_blank'>http://www.forbes.com/sites/ryanmac/2014/0...ncy-processors/</a><br />Wordpress - <a href='https://en.blog.wordpress.com/2012/11/15/pay-another-way-bitcoin/' target='_blank'>https://en.blog.wordpress.com/2012/11/15/pa...er-way-bitcoin/</a><br />TigerDirect - <a href='http://www.tigerdirect.com/bitcoin/' target='_blank'>http://www.tigerdirect.com/bitcoin/</a><br />Expedia - <a href='http://www.expedia.com/Checkout/BitcoinTermsAndConditions' target='_blank'>http://www.expedia.com/Checkout/BitcoinTermsAndConditions</a><br />overstock.com - <a href='http://www.overstock.com/bitcoin' target='_blank'>http://www.overstock.com/bitcoin</a><br />bolehVPN.net - <a href='https://www.bolehvpn.net/blog/2014/11/24/bolehvpn-now-accepts-darkcoin-on-top-of-bitcoin-and-dogecoin/' target='_blank'>https://www.bolehvpn.net/blog/2014/11/24/bo...n-and-dogecoin/</a><br />Cheaprair.com - <a href='https://www.cheapair.com/hotels/' target='_blank'>https://www.cheapair.com/hotels/</a><br />Virgin - <a href='http://www.virgin.com/richard-branson/bitcoins-in-space' target='_blank'>http://www.virgin.com/richard-branson/bitcoins-in-space</a><br /><br /><a href='https://en.bitcoin.it/wiki/Trade' target='_blank'>https://en.bitcoin.it/wiki/Trade</a> - And thousands and thousand more, and getting more by day.<br /><br /><u><b>Other worth Mention</b></u><br />Rand Paul(one of the candidate running for 2016 USA Presidential Election)- <a href='https://secure.randpaul.com/' target='_blank'>https://secure.randpaul.com/</a><br />Wikimedia - <a href='https://wikimediafoundation.org/wiki/Ways_to_Give#bitcoin' target='_blank'>https://wikimediafoundation.org/wiki/Ways_to_Give#bitcoin</a><br />EFF (Electronic Frontier Foundation - Defending your rights in the digital world) - <a href='https://www.eff.org/deeplinks/2013/05/thank-you-bitcoin-community' target='_blank'>https://www.eff.org/deeplinks/2013/05/thank...tcoin-community</a><br /><br /><b><u>Accepting Bitcoin soon</u></b><br />Facebook, Spotify, Uber, Airbnb - <a href='http://cointelegraph.com/news/113418/facebook-spotify-uber-airbnb-can-now-accept-bitcoin-after-bitpay-deal' target='_blank'>http://cointelegraph.com/news/113418/faceb...ter-bitpay-deal</a><br />UPS - <a href='https://longitudes.ups.com/does-global-trade-need-a-global-currency/' target='_blank'>https://longitudes.ups.com/does-global-trad...lobal-currency/</a> - Posted by Rimas Kapeskas is the Managing Director of the UPS Strategic Enterprise Fund, a corporate venture capital group that focuses on developing critical partnerships and acquiring knowledge returns from its investments in information technology companies and emerging market-spaces.<br /><!--SPOILER DIV--></div><!--SPOILER DIV--><br /><br /><span style='font-size:14pt;line-height:100%'><u><b>Videos</b></u></span><br />Entertaining but yet informative podcast about Bitcoin, and the host is totally no idea what Bitcoin is, so if you are average users and would like to learn more then this podcast is perfect for you. But its recorded in Jan 2014, Bitcoin evolve very fast, one year in Bitcoin year is like 2-3 years in real life, so a lot of the information might be outdated by the time you watched it.<br /><!--SPOILER BEGIN--><div class="spoilertop" onClick="openClose('29a5a067a832530508c0ef0cf272e3b8')" style="font-weight: bold"><u>&raquo; Click to show Spoiler - click again to hide... &laquo;</u></div><div class="spoilermain" id="29a5a067a832530508c0ef0cf272e3b8" style="display:none"><!--SPOILER END-->[YOUTUBE]1cexawnOlR8[/YOUTUBE]<!--SPOILER DIV--></div><!--SPOILER DIV--><br />Non technical but easy to understand how Bitcoin works<br /><!--SPOILER BEGIN--><div class="spoilertop" onClick="openClose('185232cf3140a112ef938cae25d050f4')" style="font-weight: bold"><u>&raquo; Click to show Spoiler - click again to hide... &laquo;</u></div><div class="spoilermain" id="185232cf3140a112ef938cae25d050f4" style="display:none"><!--SPOILER END-->[YOUTUBE]t5JGQXCTe3c[/YOUTUBE]<!--SPOILER DIV--></div><!--SPOILER DIV--><br />More technical but still somewhat easier to understand, suitable for entry level coders or programmers <br /><!--SPOILER BEGIN--><div class="spoilertop" onClick="openClose('bdcd568047497c964e1154915d4e7e19')" style="font-weight: bold"><u>&raquo; Click to show Spoiler - click again to hide... &laquo;</u></div><div class="spoilermain" id="bdcd568047497c964e1154915d4e7e19" style="display:none"><!--SPOILER END-->[YOUTUBE]Lx9zgZCMqXE[/YOUTUBE]<!--SPOILER DIV--></div><!--SPOILER DIV--><br /><span style='font-size:14pt;line-height:100%'><u><b>Bitcoin/Blockchain Technology future potential</b></u></span><br />The following is the list of the centralized service that can theoretically could be implemented in a blockchain model(technology behind bitcoin), Either the bitcoin blockchain or alternative blockchains<br /><!--SPOILER BEGIN--><div class="spoilertop" onClick="openClose('00dcaf8f32c31e41e8cfefa5ac50fe3a')" style="font-weight: bold"><u>&raquo; Click to show Spoiler - click again to hide... &laquo;</u></div><div class="spoilermain" id="00dcaf8f32c31e41e8cfefa5ac50fe3a" style="display:none"><!--SPOILER END--><b>Currency</b><br />Private equities<br />Public equities<br />Bonds<br />Derivatives (futures, forwards, swaps, options and more complex variations)<br />Voting rights associated with any of the above<br />Commodities<br />Spending records<br />Trading records<br />Mortgage / loan records<br />Servicing records<br />Crowd-funding - <a href='https://www.vinumeris.com/lighthouse' target='_blank'>https://www.vinumeris.com/lighthouse</a><br />Micro-finance<br />Micro-charity<br /><b>Public Records</b><br />Land titles<br />Vehicle registries<br />Business license<br />Business incorporation / dissolution records<br />Business ownership records<br />Regulatory records<br />Criminal records<br />Passports<br />Birth certificates<br />Death certificates<br />Voter IDs<br />Voting<br />Health / Safety Inspections<br />Building permits<br />Gun permits<br />Forensic evidence<br />Court records<br />Voting records<br />Non-profit records<br />Government/non-profit accounting/transparency<br /><br /><b>Private Records</b><br />Contracts<br />Signatures<br />Wills<br />Trusts<br />Escrows<br />GPS trails (personal)<br /><br /><b>Other Semi-Public Records</b><br />Degree<br />Certifications<br />Learning Outcomes<br />Grades<br />HR records (salary, performance reviews, accomplishment)<br />Medical records<br />Accounting records<br />Business transaction records<br />Genome data<br />GPS trails (institutional)<br />Delivery records<br />Arbitration<br /><br /><b>Physical Asset Keys </b> - Can made possible by NFC Ring - <a href='http://store.nfcring.com/' target='_blank'>http://store.nfcring.com/</a><br />Home / apartment keys<br />Vacation home / timeshare keys<br />Hotel room keys<br />Car keys<br />Rental car keys<br />Leased cars keys<br />Locker keys<br />Safety deposit box keys<br /><br /><br /><b>Intangibles (?)</b><br />Coupons<br />Vouchers<br />Reservations (restaurants, hotels, queues, etc)<br />Movie tickets<br />Patents<br />Copyrights<br />Trademarks<br />Software licenses<br />Videogame licenses<br />Music/movie/book licenses (DRM)<br />Domain names - <a href='http://namecoin.org/' target='_blank'>http://namecoin.org/</a><br />Online identities<br />Proof of authorship / Proof of prior art<br /><br /><b>Other</b><br />Package delivery (split key between delivery firm and receiver)<br />Betting records<br />Fantasy sports records (&#33;)<br />Documentary records (photos, audio, video)<br />Data records (sports scores, temperature, etc)<br />Sim Cards<br />GPS network identity<br />Gun unlock codes<br />Weapons unlock codes<br />Nuclear launch codes (&#33;)<br />Spam control (micro-payments for posting)<br /><br />Source: <a href='http://ledracapital.com/blog/2014/3/11/bitcoin-series-24-the-mega-master-blockchain-list' target='_blank'>http://ledracapital.com/blog/2014/3/11/bit...blockchain-list</a><br /><!--SPOILER DIV--></div><!--SPOILER DIV--><br />Source List:<br /><a href='http://bitcoinsimplified.org/' target='_blank'>http://bitcoinsimplified.org/</a><br /><a href='http://ledracapital.com/blog/2014/3/11/bitcoin-series-24-the-mega-master-blockchain-list' target='_blank'>http://ledracapital.com/blog/2014/3/11/bit...blockchain-list</a> namzycad3 Serious Kopitiam Tue, 22 Sep 2015 09:33:17 +0800 http://forum.lowyat.net/topic/2687933 <img src='http://i.imgur.com/cREGKqz.jpg' border='0' alt='user posted image' /><br /><img src='http://i.imgur.com/sf4FdEcl.jpg' border='0' alt='user posted image' /><br /><img src='http://i.imgur.com/e56zwQsl.png' border='0' alt='user posted image' /><br /><img src='http://i.imgur.com/zsIiykn.png' border='0' alt='user posted image' /><br /><img src='http://i.imgur.com/IoSskqk.jpg' border='0' alt='user posted image' /><br /><br />hope i am not slow poke <!--emo&:P--><img src='http://static.lowyat.net/style_emoticons/default/tongue.gif' border='0' style='vertical-align:middle' alt='tongue.gif' /><!--endemo--><br /><br />for those non chinese, this shirt is normally for dead people wear one, and from what i googled i think najib either got trolled or he pretend clever but failed <!--emo&:P--><img src='http://static.lowyat.net/style_emoticons/default/tongue.gif' border='0' style='vertical-align:middle' alt='tongue.gif' /><!--endemo--><br /><br />or <br /><br />its a photochoped <!--emo&:P--><img src='http://static.lowyat.net/style_emoticons/default/tongue.gif' border='0' style='vertical-align:middle' alt='tongue.gif' /><!--endemo--><br /><br />but if you guys think its photochoped then explain this <br /><br /><img src='http://sphotos-h.ak.fbcdn.net/hphotos-ak-prn1/150911_463296960390487_1516437615_n.jpg' border='0' alt='user posted image' /><br /><br /> namzycad3 The Museum Of Kopitiam Wed, 30 Jan 2013 19:03:33 +0800 http://forum.lowyat.net/topic/300301 (02-06-06) minutes after i open <a href='http://forum.lowyat.net/index.php?showtopic=296021&hl=' target='_blank'>THIS</a> thread, i get msg from this guy. named Kwong Yi Han, he msn me with lv_23@hotmail.com <br /><br />promissed to send out the things at monday (05-06-06) but still havent recive the item until today (12-06-06)<br /><br />Name : Kwong Yi Han<br />Dealing Item : Windows Xp Pro<br />Bank Account : Maybank - 114254098494<br />email : lv_23@hotmail.com ( but never online since deal )<br />phone : 0173186506 ( cant even get connect )<br />place of dealing : MSN messenger <br />delivery method : post<br />payment method : bank-in <br /> namzycad3 Dispute Resolution Corner Mon, 12 Jun 2006 14:36:17 +0800