From my perspective, there are a couple of scenarios (that come to my mind as of now) where the need of having multiple accounts is justified and understandable You missed a scenario that comes down to Bitcointalk being as free as possible, and offering free speech: If you're hesitant to say something controversial because you don't want it to be associated with your name, please create an alt account and say it. (but always with transparency regarding it) As shown above, theymos disagrees. |
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but why should someone have to pay taxes on something they haven't even sold yet? Government wants a share of everything here. I didn't make those laws  there's a chance it could go to zero eventually and yet they had to pay taxes on it before they even sold it. how is that making any sense? It's up to the tax payer to either sell a percentage each year, or find other means to pay the taxes. And the rates have been going up in the past few years. I don't like it but can't help it either. bitcoin was meant to be able to pay people directly IN BITCOIN. Nobody said governments wouldn't try to force their way. Bitcoin still works fine. The thing is that if it is not correct it is a case of fake news that has spread all over the crypto press. Journalists are supposed to fact check before publishing. But I guess there aren't many real journalists left. |
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Often I have only 1 peer or 0 peers. Any chance you have a firewall, modem or ISP that's blocking connections? The utility iotop is telling me that bitcoin-qt is reading and writing several megabytes per second however. That's normal, especially when you're low on RAM. I counted several TB read/writes in total just to sync Bitcoin Core with 8 GB RAM. |
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If it's only 5000 private keys, just import them into Bitcoin Core. It's the easiest way to check them privately. Would it assign wallets with some balance on it to a particular key definitively or It would still be randomized or perhaps merge all of it? Importing a private key means just that: adding a private key to the wallet. That's it. No coins are moved, nothing gets "assigned" and nothing gets randomized. I actually did that with 9375 potential private keys. It's quite demanding on system resources. |
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I think I don't need the whitelisting anymore because I have this account already. Since you can post, you're not proxybanned. None of that matters to your account anymore. |
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the old electrum doesn't work anymore What "doesn't work"? I'd say it should be possible to run an old version of Electrum, if needed with your own node running an equally old version. Even if it can't sync all current blocks, you should be able to send your funds to a new Legacy address. Don't have the seed anymore unfortunately I've seen this so many times.... How can so many people lose access to the single most important thing when holding Bitcoin?and the electrum versions (new) don't recognize the device, (older) give "read error" when trying to sign a transaction Has this worked before, back in the days when you were using this hardware wallet? Or did you always use Ledger's own software? thanks everyone for the assistance Did you find a solution? If so: please post it for others to read in the future. |
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That is true. But I have made no mistake yet. I will read more about BIP85. I have not read about it before and it can be a good solution and it is exactly what Saint-loup is looking for. Thanks for bringing my notice to some flaws about my backup. You could use words instead of a password, to prevent mistakes writing it down. I prefer to use different seeds though, it seems easier. |
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The passphrase is something like this @_++3$+sbsgsvsvsghsgshs$$((_-466-4;$$;3-_+32-$-dbdhsvshshjjdjdhshdhe+_+4+33-$-$;3-3&$-$;3;3;;3-nsbshdbrjsusbendkdudbebdbdhhddb$$7_63;$!38!;_+4!3++ which will be very difficult to brute force. This brings me to the next problem: the seed phrase is a human readable interpretation of a long random number. It's easy to write down, without a high risk of making mistakes. Your password doesn't have that luxory. If you make a mistake, you're screwed. |
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But it's very difficult to safeguard and safely manage multiple seeds. Why? Writing down multiple seeds is a small effort to keep your funds safe. I would like to be able to deterministically produce several bip39 standard mnemonic seeds from an initial one I can protect. I wouldn't do this. It's probably possible, but too many things can go wrong. For starters: what device are you going to use to create "child" seeds from your "parent" seed? How are you going to keep that safe? How are you going to verify you can still reproduce the same "child" seeds? How are you going to remember which "child" seeds you used for which (exotic) wallet? When I was having to many seed phrases, I was thinking about this. But the solution I went for at the time was that I created several passphrase from a single seed phrase. Presently I have just one of it which is a seed phrase with 3 strong passphrase which I backup separately in different places that people can not notice. That means you'll enter your seed on multiple devices, which (by definition) increases the risk of exposing your seed. |
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I only post two words + image and I got 5 merits so far. Amateur  |
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Can I upload my private key list and perform balance check Are you for real? I can already tell you your remaining balance: 0. If it's only 5000 private keys, just import them into Bitcoin Core. It's the easiest way to check them privately. |
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95 for me please  |
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If I can buy dust for BCH and eCash, transfer them away to new wallets inc dust, then would BCH and eCash be safe? Yes. Any transaction that includes an input that doesn't exist on another chain, can't be replayed elsewhere. I.e. if I then moved BSV without dust, what would the risk be? That should be okay if there other Forks have moved already. And that's usually the order in which I move Forkcoins. I'm looking at Changelly or similar to swap some of the low cap coins. Selling options particularly restricted to me in the UK these days. Will do in small chunks of course. Bestchange may show more options (all of them require the same caution). I did read your send-to-pubkey post, that makes sense. If I have the signed transaction from my offline BCH wallet, can I then broadcast it from https://blockchair.com/broadcast (selecting BCH network) as I did with the BTC process? Yes. The BCH chain is a lot smaller than Bitcoin. |
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you think so? you think it would be any different for someone that checked off the "yes" box in one single year Here, that would be tax fraud. If you hide your money from taxes, you're on your own when caught. Well you are lucky to live in the USA, OP, look what happens in Europe: The European Union (EU) has adopted an effective ban on crypto transactions committed through non-custodial wallets that have not been verified. This measure forms part of the broader Anti-Money Laundering (AML) directives aimed at combating financial crimes. A majority of the European Parliament‘s leading commission on March 19 approved the decision, and this stand implies a unified stand against anonymous transactions. I can't take a site filled with ads and links to their own site seriously. When I search for this, all I find is dozens of other crypto related sites posting the same "news". Here's an opposing article: Let's Debunk Claims That the EU is Banning Anonymous Crypto Transactions or Self-Custodial Wallets. After skimming through, I'm not worried. |
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Step 1 before upgrading Bitcoin Core should be to make another backup of your wallet.dat, for instance on a new USB stick. Step 2 should be to create another backup on another stick. Then you can start upgrading |
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If you are locking your Bitcoins for a finite period of time, then what about the emergency situations? What if you make a fat finger mistake, and lock your funds for 105 years? I can't find back the link, but it has happened to someone who found out the hard way that messing with timelocks has risks. All that's left is passing it on to his grandchildren who will have to do the same. |
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questions by who? Your exchange, your bank, your Lambo dealer, your tax agency.... The list of potential questions is quite long. Al Capone got caught on tax fraud. I don't want my money to be "off the books". |
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I still bet that they are so many good posts that have died in the forum that weren't merited Why don't you put your money where your mouth is, follow the link you quoted, and share maybe 200 or so good posts that haven't been merited yet? I'll make you a deal: if I agree they're good (and I should be able to read them), I'll Merit them. If it's 200 good posts, I'll happily share 800 Merit with them. Good luck. Now another thign is a mert source
See? You're not even trying. Or worse, this is your best writing. Shitposters complaining about Merit. All it proves is the system works as intended |
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If you have to ask, you probably shouldn't do this.
Things to think about:
Daily transactions mean daily transaction fees. 40x365=14600. To create that many transactions, you'll need that many different inputs. Or you need to build a long chain of transactions starting from the first one, spending your own change again.
You have no idea what fee you'll need 20 years from now. You may be overspending, or it could be too low to be able to broadcast the transaction.
What if 20 years from now the Bitcoin protocol needs an update? Let's say you get 5 years to transfer all coins to a new quantum resistant encryption. Or the block time changes which changes your time lock?
I'll suggest what I've suggested before: it may be better to bury your private keys. If they're 20 meters under ground and it takes you 2 weeks to get there, you won't be spending it without thinking about it.
Or just work on your self control. Proper offline cold storage with offline signing is a lot more work than a hardware wallet.
What if a Fork happens in the future, and you can't sign a compatible transaction anymore?
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