These people are those who will be more interested in hiding their identity and ip address while running a node.
Is it possible you misunderstood my post you replied to?

- Jay -

You can possibly have a fee of 4.5 to 5 sats/vbyte^[1] confirmed if you are not in a hurry, which you do not have to be when consolidating inputs.

Read the links above and switch to an address which saves up on fees to increase your chances of paying a lot less than you ordinarily would have to.
Also use a wallet that allows RBF, so you can adjust the fees slightly after making the transaction if the need arises.

[1] https://jochen-hoenicke.de/queue/#BTC,1w,fee

- Jay -

TOR users are more interested in hiding their identity and masking their ip addresses than the fact that they are using TOR.

If the poll is already flawed you cannot imply calculate for errors and assume that is a reasonable estimate.

- Jay -

Username: un_rank
BTC SegWit Address: bc1qcj739rwkf6lx3e94kc7uswxzvwks6y7mt3pgss

I am not sure if it is a typo but the calculations taken to arrive at 82% looks flawed from the article text:
Those figures should give a total within the region of 55% and not 82%.

---

You can also not take a pool of 20 users who we cannot guarantee actually run a node to be any accurate.

- Jay -

You are not trusting that either, rather you are trusting verifying that electrum does not remotely store your private keys which will leave it exposed to be stolen. Even if the OS says they are not monitoring your data, they most likely are, what you have to do is limit to a minimum the amount of data they can access.

But as suggested above using an airgapped device or an open source hardware wallet like Passport is your safest option, cause the OS plays a huge role in the security of the applications that are run on them.

- Jay -

Your vote: Yes
Have you read the OP of Discussion: "Cyber... before posting?: Yes
What is your opinion on adding the board to BitcoinTalk?: Having a dedicated board for Security and Privacy related discussions will bring more emphasis to those subjects that are very important to Bitcoin going forward. It might not exactly prevent all victims from making costly mistakes but it is the best shot we have at making more users of the internet here (which is everyone) more security conscious.

N.B: Can I suggest that the hyperlink to the discussion thread be taking out from the format. It id already linked in the OP and does not have to be in every preceding reply on the thread.

- Jay -

Current number of post (Including this one): 585
Rank: Sr. Member
bech32 address: bech32 address: bc1qcj739rwkf6lx3e94kc7uswxzvwks6y7mt3pgss
Merit earned in the last 120 days: 204


- Jay -

Not much of a draw back considering there is a link to the post on the forum which captures later edits.

It could be seen as a plus where you get the original content and can see the latest version too.

- Jay -

As you said an online back up exposes you to risks and threats and defeats the purpose of having it stored offline. Why did you opt for an online backup if you are aware of the risks of hacks?

I will suggest you sweep to a new address and back that up solely offline if you want to be really thorough or just delete the online back up and hope it was not already compromised.

- Jay -

It is not an option between writing it down and memorizing it, seed phrases are meant to be written down. That is also one of the reasons that 12 words phrases are used, they are easier to write down while providing sufficient entropy.

Think of how many song lyrics you could comfortably sing word-for-word some years back, try them now and check the accuracy level. Even if you could sing the song perfectly after several years, that is only for how long your delicate brain is working efficiently, if any accident or trauma affects the brain you probably will lose access to that memory. Aging of the brain also naturally deteriorates its performance.

Trying to commit it to memory why having a paper back up is not a bad idea and does not compromise your security in any way, it could be another means of recovering if you lose your back up. This is also why you should have more than 1 back up in different locations.

- Jay -

The money being spent by Saudi Pro league clubs is nothing compared to what European clubs have been spending for several years now especially in the premier league. The EPL has the biggest pull in Europe both financially and attractiveness, this has been normalized maybe because the league actually generates heavy revenue, bigger than the other top leagues while the Saudi League at this time is spending far more than they are generating.

In my personal opinion, I do not think the Saudi league can sustain these investments for several years if they do not focus on youth training centers and scouting facilities. Buying players who are at the twilight of their careers does not boost a league up, it just creates hype which will eventually fade away. They need to combine high profile signings with talent generation.

- Jay -

1. There is nothing to suggest that miners will sabotage the network after a certain date nor do I understand what you mean by sabotage.
Forcefully accessing coins that are stored securely in wallets is not a long term solution to any issue Bitcoin has or might have in the future, but it is a short term way to break trust people have in the network.

2. If there is a network transition, it affects all bitcoins stored on it.
except in cases where vulnerabilities are discovered on individual wallets used to access the private keys.

If the network has survived a hundred years without those coins moving, it is not necessary for the future of bitcoin. There is no upside to a decision like this and it not a problem we will have to face in our lifetime.

- Jay -

This is forum rule No.12;


- Jay -

Let me use a practical example to explain this cause words like centralization and irreversible does not mean much to the average user in relation to their finances.
90% of the time you send money to a local bank account with no issues, it reflects at the receiver's bank almost instantly eve though in reality there has been no real transfer of funds, there is a master control room and they give you a balance which you see on your bank statement and credit card information.
With Bitcoin no one controls anything, when you make a transaction which has been confirmed on the blockchain there has been an actual transfer of value from one address to the other.

Another point that shows how decentralization is important is when making transactions across borders. You are dealing with different agencies connected by SWIFT system of banking. Here there are huge fees to pay and an equally huge delay in transfer and conversion to the different currencies.
Bitcoin being decentralized does not have such bottlenecks, it does not matter if you are trading with your next door neighbor or someone thousands of miles away. No one controls or regulates the system and no one has access to your funds to freeze, limit your spending or reverse a transaction you have made.

- Jay -

0.1BTC or 1 does not have the same effect as 2BTC in value and potential ROI. People buy based on how much they can comfortably afford at that time and how much they are willing to spend on a particular investment.

This is not an important question and does not allow you see how wealthy individuals think. You should be asking why he bought bitcoin in the first instance.

- Jay -

In my view, the price will rise steadily(ups and downs, but generally up) till the halving next year. After the halving the price will keep rising averagely but will not start making price jumps until a few months after the halving where we will now enter the bull run.

2023 price peak prediction: $35k - $40k

2024 price peak prediction: $60k - $65k

2025 price peak prediction: $90k - $130k.

- Jay -

If he bought 3, the question would have been, "why not 2 or 4?".
It has to be a certain number an it just happens to be 2.

- Jay -

If you paid cash in a physical store and the refused to meet your needs who do you complain to?
As a buyer whatever payment method you use you always try to look out for your interest and verify the authenticity of the product on sale and how reliable the buyer is.
If you blindly spend money, through bitcoin, bank transfer, gift cards or cash transfers you can always be cheated out of your money's worth.

1. If it is illegal then it should not be accepted for payment by legitimate businesses.

2. If online there should be an escrow;
The buyer sends to the escrow > the seller sends the product > the buyer confirms the authenticity of the product > the escrow releases the funds to the seller.
If you are in a physical store, the buyer should get the product and pay before leaving. Just as you do in any store which accepts fiat.

You do not determine what wallet the seller will use based on which you use.
Centralized exchanges does not make transactions between a buyer and a merchant easier.

- Jay -[/list][/list]

I do not think there is a way to change the timelock on an address after it has locked using OP_CHECKLOCKTIMEVERIFY.

Create a new thread so other users see your inquiry and can offer help.

- Jay -