Can this number be accurate, especially since the number of users of this forum, Reddit and others equals 5 million users, and if each user has 10 addresses, the number of Bitcoin funded addresses must be higher than 50 million.  I assume "my" number of funded Bitcoin addresses is correct. The data comes from Blockchair. I don't know about Reddit, but most of the 3 million registered users on Bitcointalk are inactive, banned or waiting for evil fees to be paid. BPIP shows 319,780 active users (meaning they logged in within the last three months). Many of those will be alt-accounts, and I don't expect many bounty spammers with a (centralized) Eth Shitcoin address in their profile to hold any Bitcoin. I don't think most users will own 10 funded Bitcoin addresses. For many users it's probably a lot closer to only one address. But some people (or services) will have a lot more. Many addresses also hold only dust: 2,821,479 addresses hold 1000 sat or less. Total value: 1,403,085,278 satoshi (~14 BTC).
30,649,056 addresses hold more than 1000 sat. Total value: 1,858,148,094,500,905 satoshi (~18.58 million BTC). That is assuming that there is an insignificant amount of users holding their Bitcoins at exchanges and services. I'd love to see numbers for this  There's a much more practical limitation: to use Bitcoin, you need to be able to get a transaction confirmed. Block space is very limited, and the number of possible transactions per day is very low. If 135 million people would "use" Bitcoin, they can't make more than one transaction per 6 months on average. That's like saying I use shorts, even though it's winter now. There could be more people who have a bitcoin account on an exchange than there are offline wallets. So while I agree that it can't truly be their bitcoin, I disagree about them not being users. So it comes down to the definition of "a user". In my earlier quote I assumed anyone with a funded Bitcoin address to be a user. I wouldn't go as far as saying that HODLers aren't using it, and someone who uses an exchange to send Bitcoin to another exchange should probably be considered a user too. But I have a hard time calling someone who only trades Bitcoin on an exchange a user. Food for thought: would you call someone who buys Tesla stock a Tesla user? Theoretically government could ask all exchange for identity of every user who perform KYC, AML or other identity verification method. There isn't a single government that holds power over all exchanges. |
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Regarding the laptop, here is the situation, when i turn it on, only seconds when it show the logo splashscreen it goes back to the logo (looping), i already tried with ubuntu live and hirens usb boot, not working. What's the exact brand and model? is there any way to make this lapton act like mass storage like when i connect it to other pc then the content will show to the other pc monitor Probably not. |
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How old are those "old transactions"? If those are older than 2017, I highly doubt that they're included in your (P2SH) SegWit Ledger wallet because SegWit wasn't available in Ledger before that date. His inputs start with a 3. |
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I don't have a problem you using my bittrex. Last time I used it was in 2016 That probably means your Bittrex account can't withdraw without going through KYC. |
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Update:BCH-A can now be deposited to Binance, where it can be traded against BUSD. I've never used BUSD before, but it can be traded against BTC again. The minimum amount to trade is 10. I'm not sure if that's 10 BCH-A or 10 BUSD (and don't have enough to try).
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I have a wallet that allows me to send bitcoin at no fee to me but still pays a high enough fee to get the miners to include it. Can you share how this works? Who's paying the transaction fees? |
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So by the term "does everything for me" you mean it automatically opens a channel for you right ?
Even if it does it automatically, you would still have to pay the fees for opening the channel right ? It depends: BlueWallet is custodial, so you don't need your own channel. I think LN transaction fees are up to 0.3%, which is still very low (assuming you only use it for small amounts). Phoenix Wallet opens a channel for you. They charge some fees for this: - Sending LN payments: as low as 1 sat + 0.01% of the amount sent. If no route can be found for this price, the fees will increase gradually up to a maximum of 12 sats + 0.3%.
- Receiving LN payments: no fees, unless a new channel has to be created.
- On-the-fly channel creation: 0.1% of the amount received, with a 1000 sat minimum fee. This covers the cost of opening a channel, and allocating additional liquidity on our side. The amount received must be at least 10 000 sat for this to happen.
- Swap-in (on-chain tx to Phoenix): 0.1% of the amount received. This covers the cost of opening a channel, and allocating additional liquidity on our side.
- Swap-out (sending from Phoenix to a bitcoin address): variable, depending on the bitcoin mempool usage and our current UTXO set. Note that we're not taking a cut here, everything goes to the miners.
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Is Electrum not so good for Lightning payments or are the other wallets too good for them ? I haven't tried LN on Electrum. It requires you to manually open a channel, and after trying that on several wallets, I came to the conclusion that it's much easier to use a wallet that does everything for me. |
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I made the payment from Phoenix Wallet, so it's not just "internal" on BlueWallet. Anyone willing to do the same, post QR code with a few satoshis invoice so I can try to do the same? You can try a casino. Deposit 5 sat, double it, withdraw 10 sat  |
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Anyone know how I can telephone Mycelium or get them to answer an email ? The support function on their website doesnt go anywhere ( error 404 not found ). The Support link leads me to an email address on their site. If they don't respond, we obviously can't force them. There is however a Mycelium board. If the community can help you, post your problem there. |
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1. I would like to know if you have ever used the Lightning Network?
2. How often do you use it, and how would you rate the experience and difficulty of use?
3. Which Lightning implementation did you try, and what is your favourite one?
4. What do you think can be further improved? I'll answer: 1. Yes 2. I pay with LN whenever I can, sometimes a few times per week. With the right wallet, it's very easy to use. 3. I've tried many (but won't mention the inconvenient ones). I now only use BlueWallet and Phoenix Wallet. The former has custodial LN, the latter non-custodial. Both on Android, both wallets take care of channels (they charge a small percentage fee for this), incoming capacity and connectivity. There's not much you have to setup manually (just create your backups). 4. Acceptance. And to accomplish that, more people should start using it. Where would they use it in the first place if the most used exchanges doesn't accept it yet? Then don't use those exchanges  I've used CoinPlaza and FixedFloat with LN. The latter has a very low minimum, it allows to exchange $1 worth of Bitcoin LN for an altcoin! It's a great way to try the LN network and see how fast it works too. I've even used LN to pay for hosting. 1. It requires miners fee which is the fee require for bitcoin transaction confirmation. To open and close a channel, it requires fee.
2. I have only little bitcoin Problem 1 is easy: use one of the wallets mentioned above. And problem 2 isn't a problem in LN: LN is perfect for small amounts! 4. I still hear of some vulnerabilities about it which are fixed already That's still true indeed, so don't put in more money than you can afford to lose. Honestly, I'm not going to lie, I have never used Lightning Network. Not because I against it or I don't understand it. Simply, so far I haven't found any places where I can use it. It's not an easy task to find merchant which accept Lightning Network payments. So far it seems that I only can try it for testing purpose only or on Testnet. I'll give you a reason: this very post is what made me bump you to Legendary! How's that for motivation to install a LN-wallet? I do plan to actually try to use it, it is on my bucket list and I honestly feel kinda ashamed that I never really tried to do at least one transaction. Please post a QR-code with a 100 sat ($0.05, I'm cheap) LN payment request. I'll fund the first 10-ish I'll see (one per user of course). I don't want to turn this into a giveaway thread, but for testing it should be okay. If your request is valid for 24 hours I should see it on time (if it's only 1 hour I might be asleep). I'm asking for a QR-code so I can easily pay from mobile without copying codes.I think that international exchange giants such as Binance is what's going to decently boost up adoption if they started accepting Lightning. As we speak, the withdrawal fee is 0.0005 which is more or less $25 in current prices. That's definitely pretty high for most people in poor countries. It's pretty high in rich countries too. As long as they don't allow LN withdrawals, I simply don't withdraw low amounts of Bitcoin, but withdrawing an altcoin to an instant exchange to turn it into LN works like a charm!
I always said I only use LN for small amounts, and I'm okay with custodial for small amounts. But since Bitcoin went up quite a lot and $10 on-chain transactions aren't really worth the fees anymore, my LN balance is slowly increasing. |
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Update: I've Lowered the amount to be much closer to $1 again: Amount: 0.01 mBTC (0.00001 BTC, or 1,000 satoshi). Current value: just under $0.51 |
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So you created a locked and a self-mod thread I remember he was very concerned with locked or self-moderated Flag threads. It looks like user DarkStar_ is a racist. His attitude towards people depends on their nationality. I've Opposed the Flag, and while I'm at it I Opposed the other Flag on DarkStar_ too. There's only one reason: Being a racist and changing your attitude depending on nationality does not mean there's a high risk of losing money. The fact that I don't believe DarkStar_ is racist doesn't even matter. Let's call it a bonus. Besides, "race" doesn't have much to do with nationality nowadays anyway. |
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You can't send Bitcoin without paying a fee, unless you're using an off-chain transaction ("tipping") within a website. Fees are calculated per (v)byte transaction size. Have a look at Johoe's Bitcoin Mempool Statistics. I usually check the right side of the top-graph to decide what fees to pay. In the past few hours, 7 sat/byte would have been enough. See my topic about consolidating small inputs to pay less fees in the future. |
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Plus, the LoG. Cowboy310 couldn't produce the LoG and claims he deposited 13 Bitcoin before downloading it. For that reason, I've Opposed his Flag: You could (and should) have saved the LoG before making a deposit. Therefore, the lack of evidence is entirely on you, and I'm not comfortable Flagging a user because of that. |
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I can't help you with btcrecover, but a general warning: don't enter your Trezor seed words on a computer that's connected to the internet, and don't give it to anyone ( especially the "helpful" people who may send you a PM). im not a pc expert
~
i lost the xpub in a broken laptop along with several eth Depending on how the laptop broke, you may still be able to recover your Ethereum wallet from the drive by taking it out of the laptop and reading it from another computer. |
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3. If my memory IS accurate, then I think the creator of the service eventually shut it down and disappeared with everyone's bitcoins. Lol! Why would anyone trust a third party link when they can keep their own keys? Anyway, that didn't happen in this case: ( When i put it on Blockchain it shows near 1 BTC and the second 1.4 BTC |
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I escrowed some deals for the member - is that an issue? Escrowing isn't the problem, but when you edit your Trust settings, you see this: List the users who you trust to have good trust ratings and good trust lists I was under the impression that trust lists were managed by each user. If you're on DT1, your Trust list choices affect many other forum users too. If the user gives anyone a reason to not trust them and they present the case and/or the user gives me an issue to not trust them, I will remove them. That's perfect! But it's not a reason to add him. problem solved - everyone removed from my personal list That was not my intended outcome when I posted this, but it's up to you of course. I don't have time for the drama that stupid shit like this causes. I also didn't see any need for drama, I just pointed out what I consider incorrect use of the Trust system. In the end it was more for me to remember who I had positive dealings with - it was not done to affect anyone else. Your intention was different from the result: when you're on DT1, your choices do affect others. I don't think you should use your Trust list as a personal reminder of who you dealt with. |
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According to data analyst Willy Wu, there are an estimated 135 million Bitcoin users worldwide. What's "a Bitcoin user" in his definition? On Twitter the same guy says there are "137m users". To put this into perspective: there are 36 million funded addresses and it's pretty safe to assume many Bitcoin users have more than one funded address. That means he counts at least 100 million "Bitcoin users" who don't own anything on-chain. Maybe he includes custodial wallets, so people speculating on Bitcoin price increases on exchanges or even Paypal nowadays, but I wouldn't call them Bitcoin users. Remember: "not your keys not your coins"! So if you don't have keys, you can't have your own Bitcoin, and if you don't own Bitcoin, you can't be a user. |
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we can't tell since no one dares to try and deposit some of their money into a random website and that is understandable. Even if they pay out some users, it's still very likely to be a ponzi scheme. Stay away from those! Every website nowadays displays ads on its pages to generate a certain amount of money. What if the website owner splits the ad revenue with the users? Let's say, to have a concrete scenario, that each ad viewed generates 0.20$. If initially, the user gets 50% of each ad viewed, he'll get 0.10$ per page visit Do that without the cloud mining BS and you may actually have a viable business model. Also to prevent people from just creating an account and leaving (which leads to only one ad being viewed), there should be a timer, for example, to click every day to start mining for 24 hours. That's called a faucet! |
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