~ plenty of people with the technological know-how have already reviewed its code considering its popularity, meaning you don't necessarily have to review it yourself, and that you need to trust the developer less.
note that in most cases if you are downloading the binaries instead of the source code and compiling it yourself, you are still trusting the developer 100% because you are running a closed source application when you download the compiled version. although there is a simple (to use but complicated to create) solution to this and i only know two wallets that do it, it is called "deterministic builds". bitcoin core and Electrum are the only wallets that i know of which do this. it means if you compile the code you will end up with the same binaries (eg. both have the same hash). so you could verify if for example the .exe that Electrum releases is the same thing as their source code or if it is different.
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a bug that is already fixed can not happen again! and since it is a well known and well documented incident, others who are re-implementing bitcoin won't repeat the same thing either.
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as for point #2, if the source code is run on a clean and offline computer (like a live Linux from a DVD) then i don't see how this could even be an issue.
There could be bugs in the implementation of some algorithms, for example regarding PRNG's. well, the same argument could be made about any other implementation and it would be true! Or they might be simply using outdated libraries, which even could already contain known vulnerability, decreasing the entropy used to generate the private key(s).
i am not an expert and since i have never used this project for anything serious i have never needed to check the source code but it is open source and you could check it. if you found a vulnerability in the implementation, the libraries and the way it is using them then let us know with specifics. otherwise only talking about possibilities covers all the tools, libraries, wallets and implementations out there.
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from reddit by luke-jr taken from that article: 1. It's a website. Even if you download it locally, you're setting yourself a habit of putting private data in your web browser. 2. It's Javascript, which is an extremely poor record for security and crypto, and is super-flexible to the extent that it can be hijacked in subtle ways (think browser extensions that quietly redefine how basic mathematics works). 3. It encourages either address reuse (which has no shortage of problems, as /u/sQtWLgK pointed out), or managing multiple keypairs by hand (which is liable to accidental loss, since key management is excessively complicated and humans screw up eventually).
although i have to disagree about calling the "tool" unsafe just because users may use it wrong (points 1 and 3 and partly 2). for example if someone is using the website then they don't understand what this tool is for, and for these types of users no wallet or other tool is safe because they can lose their money just the same way. or regarding #3 paper wallets have a clear purpose, they are meant to be used as a cold storage which means when you have a certain amount of bitcoin and want to "store" that for a long time. again if you are reusing that address then you are using the tool wrong. as for point #2, if the source code is run on a clean and offline computer (like a live Linux from a DVD) then i don't see how this could even be an issue.
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There are many methods/guides out there still that work ..I still have a hand full of guides on BTC methods if there any good to anyone ..Just drop me a PM
in my experience whenever someone creates a throwaway account like this and wants to reveal his "methods privately" there is something shady going on. otherwise there is absolutely no reason for you not to share them here publicly so that others could post their feedback on that "method".
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~ Do we really think Bitcoin is going to rise for the last 8 months and also 8 months going forward in a continuous way. I'm not this optimistic, seems a little simple to imagine we just rise upto that event. I understand its helping reduce supply vs demand still growing, a positive for price most likely (long term but certainly not instantly) but also I believe it could easily be over anticipated. In a market with many speculators and actual user growth and development to facilitate this still much required I think we can get ahead of ourselves.
we will see more rises up until next halving but not because of halving. the rises will be for the same reasons as always: more adoption. and as that grows, price goes up with it. and it is growing, specially as the market calms and ever since it exited the bubble stages and reached a more meaningful state. the halving hype and its rise will probably take place only in the final month as we are getting close to the event itself, a rise which will be fast and won't last.
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We will see 8K within the next few weeks. Not by sept 5th. But soon.
When?? Inquiring minds want to know. 10 days ago: https://bitcointalk.org/index.php?topic=5179242.0that is why i don't get the point of opening a new topic for the same discussion. the obsession OP has with this specific number is very strange too. even if you have buy orders wanting to be filled at that price it still is strange to obsess over it this much in this market which is unpredictable!
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I have done this too. I sent 1 bch to a btc address on localbitcoins. The problem is they can't get your bch back because it would compromise the security of their system to extract a wallet privatekey just for you. This is what I was told. I guess it does make sense.
it doesn't really compromise any security if it is done correctly and by the right person. a lot of cases on different exchanges have been solved this way in the past. the problem is that it is a lot of work to recover these coins so exchanges rarely bother with it unless the amount is significant enough to justify the effort.
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dont be greedy.dont run after %30-40.even %5 profit is quite enough for most of the time.
this is a very good point which i usually tell others too but i wouldn't say any percentages though. because whether it is 5% or 30% or even 150% depends on the situation a lot. for instance there are times when in the altcoin market they are pumping some shitcoin up fast and it is obviously going up a lot, getting out in 5% is not a good idea and it doesn't necessarily have to be greediness to wait either. it comes down to analysis of the market and speculation. additionally you can always both get in and get out incrementally. meaning you buy multiple times at different prices (eg. buy at 1500 sat, 1550, 1600) and dump multiple times at multiple prices (eg. 1600, 1700, 2000 satoshi).
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Live cost can be pretty high in those places, and 1 of those currencies is worth nothing.
i haven't done extensive comparison but the cost of living is usually a lot higher in developed countries. in these underdeveloped countries with a local currency of such low value the cost of living isn't that high specially since the "quality" of life is not that high either. what exists is a big inflation that is dropping the value of their currency. on top of that they keep printing more of their fiat which makes everything worse.
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easy money not gained through hard work! I claim about 2000 satoshis every day from faucets.
these two statements are contradictory. you say you want an easy job to earn "easy money" but you have chosen the hardest job (considering the lowest pay) in the whole world not just to earn bitcoin. money is earned through hard work done wisely, my advice is that instead of looking for easy money you should start learning some skills and do some real jobs with those skills to earn money/bitcoin.
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To those saying “sub 10K bitcoin is over.” RUN!!! Those people are fools.
sub $10k IS over. but the thing is, in bitcoin market because the market itself is small and order books aren't that packed with buy or sell orders, a small manipulation and/or panic can pull the price lower than the strong support (being $10k). but since it is not real downtrend it won't be big or even last long. which is why it is said to be over. basically at any time, fluctuations within 10% should be expected of bitcoin.
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I suggest you create a normal legacy wallet in electrum and use that. Let electrum generate a suitable seed for you.
It is a shame that electrum doesn't allow to create a nested segwit wallet. Using legacy is counter-productive. If there is no need to sign messages and bech32 is not accepted at some outdated service, nested segwit is the way to go. There is no reason to use an old format which is more costly to spend from, just to use electrum. OP, i'd recommend you choose a different wallet for nested segwit (transaction malleability fixed and lower fees compared to legacy), e.g. Wasabi. you can still create a master private key using something else (like Ian Colman tool) and then import the yprv into your electrum and have the nested SegWit wallet type with addresses that start with 3. you can also always open an issue on Electrum's Github repository and ask them to add this option with Seeds that Electrum generates itself so that you could choose it in initial step. - it is worth knowing that nested SegWit transactions are a lot bigger than legacy transactions although you would pay less fee because of their smaller weight.
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Probably because back then it was not resource intensive to run a miner. People could get hundreds of btc with their home computers or old laptops. Doing this now would collapse the industry. Or at least the Bictoin blockchain.
so you think mining industry where miners are getting paid 12.5 BTC (or $125000) per block is going to collapse if fees were zero and they weren't getting the 1 satoshi/byte minimal fee which translates into 0.012 BTC (or $120) with 1.2 MB block! not to mention when you say "then" you are talking about the time when miners were getting paid 25 BTC or $12500 in other words 10 times less than now!
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this is on a tiny scale so your "storm" looks more like a small wave in the vast ocean. the only thing positive about this news and all the others like it, is that they are showing how bitcoin's adoption in the real world as a currency is still ongoing. despite the fact that people sometimes think bitcoin is an investment to make them rich we still see the real world adoption of it for payments,... and they are decently popular.
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we'll get more flippening talk in the next bubble. i'm not sure it'll be ethereum, though it's still more promising than most of the altcoin space. Oh god, I'd forgotten all about the flippening chat. Seems hilarious to look back on. I can't see it happening with any current altcoin unless something awful happened to BTC. it seemed hilarious back when it was happening too because they were saying shitcoins that first inherit all the bitcoin flaws and second add more flaws of their own could replace bitcoin! it was hilarious because it didn't make any sense. it is like saying one of those shitty Chinese copies of iPhone is going to replace Apple.
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it is indirectly because of the fact that CNY is losing value against USD. over the past 4 months it has tanked about 10% most of which happened in August. and whenever something like that happens in a country people start investing their money to "keep its value". obviously bitcoin has always been an additional option although the smallest one for investors, so they start investing their money in bitcoin too. but since it is a smaller scale the price doesn't show it yet.
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~ on the "hidden" potential of some features that I have never experimented before. < Use OP_CHECKLOCKTIMEVERIFY > ~
i think you might have confused what this is. OP's proposal has nothing to do with OP_CHECKLOCKTIMEVERIFY, the output he is spending and the new one he is creating are both simple P2PKH outputs (check the raw transactions yourself). he is simply using "locktime" (the last 4 bytes of every transaction) alongside non-max sequences to make the new transaction spendable only at a certain block height specified by that locktime. in this tx: 01000000012<-snipped the middle part->8acc 02709000270900 is the locktime and is equal to 600000 which is interpreted as the block height.
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this may be another bug in bitcoin core similar to decoderawtransaction which fails to decode transactions containing witnesses properly unless you explicitly pass a Boolean (true) to tell it the transaction is a SegWit one. https://bitcointalk.org/index.php?topic=5014781.0try using a legacy transaction and see if the amount you get is zero again. this means use a regular address like a P2PKH (address starting with 1 on mainnet) and spend coins from that address. if you don't see the same problem then it must be the bug i mentioned. How do I do that in regtest mode? I'm using the current version. when you mine, just send the new coins to a P2PKH output instead of a P2SH (P2WPKH nested in script hash) like the one you used above. then spend those coins. that means first sending the coins to an address starting with m or n and then spending from that address.
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