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November 11, 2024, 08:52:29 AM *
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1261  Economy / Service Discussion / Re: [Discussion] Bitcoin Spot ETFs on: September 04, 2023, 01:23:16 PM
IMO they will get approved, after jumping though all the hoops that the government wants them to.

It's not about regulation, it's about taxes. The government wants to make sure no matter what happens they get their cut. So, despite what people are nay-saying it's just a mater of time till it goes though. Now, the question of after the government gets their hands in everyone's pockets will the final ETFs look like the current proposals. That is the question.

Just my view, not financial advice.

-Dave
1262  Bitcoin / Bitcoin Technical Support / Re: What happened to https://getbitcoinblockchain.com/ ??? on: September 04, 2023, 01:06:40 PM
The entire blockchain is rather large
That will take a week even with a steady fast conection I guess.

I have FTTH (300 mbps), it would take like 5 hours at full speed (the blockchain is like 550 GB now).

What are the specifications of the rest of your system.
SSD will be faster then spinning drive.
Doing it on a 2nd gen i3 will be orders of magnitude slower then even a 6th gen i7
How much ram?

And so on, download speed is only 1 piece of the puzzle. If your PC can't keep up then the download speed does not matter.

-Dave
1263  Bitcoin / Mining / Re: Decentralisation of the Bitcoin mining pools on: September 04, 2023, 01:00:26 PM
it is concerning. many are concerned

Who are these many?

Pools have come close to if not gone over 50% in the past. And large groups of miners left them and went elsewhere. When pooled mining first became a thing there were only a couple of major pools and everyone else was still solo mining. It's not a real concern for people who understand that everything is always going to be in flux with this.

The real major concern, which is still not a real concern, would be who controls the miners that are mining at these pools.
If some government wanted to take over Bitcoin mining they could over a period of years acquire well over 50% of the hash rate. But if they took part of the hash rate and pointed it to one pool another part to another pool and so on, nobody would ever know about it until all the sudden they pointed it at their own pool. But due to the power requirements which are beyond immense and the cost of the hardware which is also beyond immense it's not a real concern for anybody who is not a paranoid nut job.

-Dave


I disagree with you, because there are not many countries in the world that can make more than 50% of the miners move to this country. These are the USA, Russia and China.
Kazakhstan also wanted to become a leader in mining, but their energy systems could not withstand such loads. China has no plans to allow bitcoin mining again.

1) Pools are not miners. I am a miner, i am US based, I do not have to mine at a US pool or any particular pool.

2) The commercial miners that have their own large farms know #1. They know that past a certain point their hashrate has to be a bit distributed.
2a) Having nothing to do with going over 50% just as a safety in case something goes wrong with pool #1


3) There are a lot of places that can support the power demands mining easily. If it can be done profitably with the current price of BTC and the other associated costs in that country is a different point.

4) Look through the history of BTC mining. Every time someplace got to big, they had large miners leave and go someplace else. 

-Dave
1264  Bitcoin / Bitcoin Discussion / Re: Help me exchange my bitcoins on: September 04, 2023, 11:39:47 AM
Here are a few platforms to consider: LocalBitcoins, Paxful, LocalCryptos
LocalBitcoins and Paxful are both entirely centralized and both demand full KYC. LocalCryptos has shutdown.

If OP doesn't trust exchanges, then he isn't going to want to use a fake peer to peer site like LBC or Paxful which will still collect his data and invade his privacy. A better option would be pick a site from https://kycnot.me/?type=exchange such as Bisq or AgoraDesk and use that to find a reputable local trader.

I *think* you missed some sarcasm. LBC and LC have both shut down and Paxful shutdown and was reborn with full KYC

There is always here: https://bitcointalk.org/index.php?board=53.0

The other note is the amount of money involved, a small place in a tiny less wealthy country, is going to involve a different situation then a nice place in the middle of NYC.
That's just the way it is.
Heck, I have a friend who sold some land and a small cabin on a small lake in AZ for less then the cost of his car, and it's only an OK car.

-Dave
1265  Economy / Service Discussion / Re: Bit-usd.co legit or scam ??? on: September 03, 2023, 10:08:40 PM
How did you find this? Did someone slide on your DM's? because from what I've seen, it's typically how people find these obscure AF websites which turns out to be a scam everytime.

Judging how there's absolutely nothing about them, I'd be very surprised if they actually turned out to be legit lol. I say, skip this and anything similar, it is very likely a scam.

The OP is a banned scammer.

From here: https://bitcointalk.org/index.php?topic=5465554
They are asking about a certain BTC address. If you look at link @stompix posted you can see that there are a bunch of banned users who use it.

https://ninjastic.space/address/19fCVjYVuppjhSvZc4fYimLSjTv63SyoYD

So it's probably just the same scammer.

-Dave
1266  Bitcoin / Mining support / Re: insilicon A11 pro, any use of them? on: September 03, 2023, 10:05:21 PM
This should be in altcoin mining.

Unless you have very cheap / free power they are not worth much.

Even with free power they will not generate much so you wind up in the situation that if you have to pay to have them shipped someplace to have them fixed and then pay to have them fixed it could be over a year before you see a profit.

OTOH, if there is someone near to where you are who can fix it for cheap, then it's a different story.

-Dave
1267  Economy / Service Discussion / Re: Bit-usd.co legit or scam ??? on: September 03, 2023, 09:44:33 PM
Lets see.
whois privacy = possible scam
no contact info = scam
no tos = scam
no discussion or announcement about it anywhere = scam

Link posted by a ban evading scammer = scam

So yes it's a scam.


1268  Economy / Exchanges / Re: Poloniex Fair Fund notice on: September 03, 2023, 08:05:52 PM
US based, got mine 6 months ago on March 1st.
Filled out the form got a confirmation the next day.
Have heard nothing since then, but I really do not expect much, so did not check on it till now still no updates.

Where are you based out of?

-Dave
1269  Bitcoin / Development & Technical Discussion / Re: Safely using lightning RPC via VPS? on: September 03, 2023, 03:27:49 PM
This is why if you want to do it you have to spend the $ on co-locating your own hardware and making sure you have full OOB management running and available through your own hardware VPN.
Do you happen to know any good services which let you build a tunnel from your device to the WWW? There's port forward, I know, but I don't want to publicly reveal my IP address as it's then trivial to de-anonymize myself. I'm looking for something like openport.io, but more Bitcoin friendly.

No, but there is always OnionCat https://www.onioncat.org/

The front end that the world sees can be anywhere and it's talking to the back end that can also be anywhere but since it's talking though a ToR VPN there really is no way to figure out where the back end is.

With a whole lot of tinkering and late nights screaming 'why isn't this working' you could probably run the entire thing someplace and then just have an nginx reverse proxy sitting on a public IP to talk to the rest of the world while everything else is on the other side of the VPN.

-Dave
1270  Economy / Goods / Re: ~ Buying a TESLA CYBERTRUCK with BITCOIN ~ on: September 03, 2023, 03:08:30 PM
Would like to see the offset front crash tests on one of these.



With that much of the front end on moving hinges it's going to crumple in an interesting way.
Just more of an engineering thing then anything else.

Since as of now it's not going to be able to be sold in the EU / other parts of the world there are a lot of safety things it will be exempt from, so we might not see a lot of the more unique testing.

Would like every car to go though the Volvo tests. Less about safety, mostly because they are cool.

https://www.youtube.com/watch?v=A3Agd_YGDu0

I'm 90% certain that some of those tests were invented by engineers as drunk bar bets about what they could get management to pay for in terms of testing.
"Lets drop cars from 100' up from, we will tell them it's for rescue crews to figure out how to deal with getting people out of bad accidents, and it's cooler then smashing them into walls at high speed"

Back to this.

With still no price and full specs the wait list may drop off a lot once they really start selling. There is also the issue of time, how many people will they loose because for whatever reason they just can't wait any longer. That has become a large issue over the last few years with 'wait listed cars' I wound up getting my deposit back on a couple of car reservations because it got to the point although I did not need a car NOW my warranty was expiring and I did not want to risk driving something (even something as reliable as a Honda) without one.

On today's vehicles, which are for the most part computers with wheels, even minor things can cost a fortune to fix. At times it's not even the parts but just a labor to get to the parts.

One of our customers has or had, a reservation for the CT, but he needed / wanted a new pickup now, might have been able to stretch it till the end of the year or early next year but not past that. So he bought a F150. Until it dies or goes out of warranty he is not getting the Tesla. Nothing good or bad, just the way it is.

-Dave
1271  Economy / Service Discussion / Re: Tornado cash founders charged with money laundering/sanctions violations on: September 03, 2023, 02:07:30 PM
What the Tornado Cash founders appear to have done wrong is if they wanted to develop opensource software that might be cracked down by the government, they should have done this more anonymously similar to what Satoshi has done when he began developing bitcoin. This is not only good for security, it will also encourage more developers to contribute to the project anonymously.
Developers that work on shitcoins like ethereum usually never care much about privacy, that is strange thing to do especially if you are creating something that improves privacy.
I never hard of any large central bank being accused of money laundering, and this was not invented yesterday, that is why there are constant wars around the world, and everyone knows that.

Central banks, not many. Commercial banks there have been a bunch over the years.

https://sanctionscanner.com/blog/the-five-biggest-money-laundering-scandals-317

The problem comes back to big banks have 1000s if not 10s of 1000s of employees. You can find that this one or that one is doing something wrong. But proving who knew what and when they knew it is difficult.
If an order comes down that says we need to make these numbers in revenue and people panic about their jobs and look the other way is one thing.
Having an order come down that says we need to make these numbers in revenue and do whatever it takes to do it, is another.
And most people that high up know not to say do whatever it takes in any way that could come back to them.
The government can harass a corporation, it can fine a corporation, it can even shut it down. But you can't lock it up.

People you can lock up. So when you have a small target, like 2 people, then you can go after them.

-Dave
1272  Bitcoin / Bitcoin Technical Support / Re: Can a node import mempool RPC if IBD was not completed? on: September 03, 2023, 12:11:53 PM
I read more about mempool during my recent investigation, however I ultimately opted to conduct an experiment using the mainnet mempool. Unfortunately, the node must complete IBD (initial block download) up to the most recent chaintip before it can fill your mempool. But my main concern right now is whether or not my experiment will succeed. If so, how can I obtain some answers? I know it will be very difficult based on my prior experience, but I'm wondering whether there's a method to use the importmempool RPC (remote procedure call), which acts as an interface with a blockchain.

If it's just for experiment sake, use Testnet or Signet instead. I just checked my node and found out testnet blockchain has size ~30.9GB, while Signet blockchain has size ~830MB. If it's still too much, i guess you should write script which connect to someone's else full node and ask for transaction on it's mempool.

Never checked, but don't some of the block explorers have API calls for this?

The issue is going to be with the mempool being well over 900MB that a lot of places / nodes are going to be dropping different transactions depending on their settings. I they have the default 300MB you may get a different answer then if they have it set to 512MB and that may be different then 1024MB.

So unless you know what they are doing querying one will only get what they have in theirs.

-Dave
1273  Bitcoin / Wallet software / Re: What happened to Coinomi? on: September 03, 2023, 11:33:35 AM
Not shilling for one particular company, BUT the Keystone hardware wallet has a decent IMO multicoin companion app for both Android & IOS
Didn't Keystone officially announce recently they are stopping support for their companion app and they are focusing more on supporting all other third party applications?
If this is true than I wouldn't recommend anyone using this app for anything serious.
There is one app from different HW manufacturer, but I am not comfortable enough using and recommending it.

If they did I missed it, which is possible.
But, even so a slightly out of date app that is linked to hardware is going to be safer then a software only one.

In the end there are a lot of BTC only wallets that are good.
And few single alt coin wallets that are good.
All the multicoin wallets are fair at best.

And this then gets back to the amount of risk someone is willing to take vs the amount of funds involved.

-Dave

1274  Economy / Reputation / Re: BD Crypto violates forum rules and should be banned. on: September 01, 2023, 07:20:21 PM
I saw a few of BDs posts and just thought they were a meh poster with English not being their native language.
Not a bounty cheater. Just did not see enough of their posts to think they were posting enough to be hunting bounties.

But, from what @lovesmayfamilis shows they are.

I usually don't spend that much time looking at these kinds of things, but I recognized the name BD Crypto when scrolling though here and thought, 'yep, I can see that NOW'

-Dave
1275  Bitcoin / Development & Technical Discussion / Re: Safely using lightning RPC via VPS? on: September 01, 2023, 05:51:04 PM
if it was ever found out that they were deep monitoring clients their business would implode. Dave looks at AWS....or not.
Here's a good question though: can you prove you're being monitored? If your wallet is emptied, can you prove it was them, and not your fault? You can't. This is why I'm being really skeptic about handing over that kind of authority to a server provider.

No you can't.
This is why if you want to do it you have to spend the $ on co-locating your own hardware and making sure you have full OOB management running and available through your own hardware VPN.

But once again, it really comes down to the amount of money involved. If you are taking about $1000 you have a different plan then with $10000 which is a different plan then with $100000

Goes back to what I say about having a closed source multicoin wallet on my cellphone. The phone is worth more then the coins in it. And I buy cheaper phones.
The stuff that needs to be secured is secured.

So long as you go in with a plan, then you should be good. Using any numbers you want, but lets say $5000 / $400

If you can take a $5000 hit then getting a platform up and running that is not fully secure is fine if it can generate $400 in profit a month. So long as you have a plan for when you need to bump that to $15000 to generate $1200 a month in profit and so on. Starting at $5000 and then seeing that you now have $100000 in there and have no strategy to make it more secure is not a good thing even if you are clearing $8000 a month in profit.

-Dave
1276  Bitcoin / Bitcoin Discussion / Re: Prime Trust's bankruptcy due to forgotten seed/private key on: September 01, 2023, 05:40:11 PM
From the https://decrypt.co/152508/prime-trust-chapter-11-bankruptcy link:

Quote
Regulatory filing reported that Prime Trust owed over $82 million to customers from missing fiat currency deposits, despite having $68 million in digital assets under custody. But an analysis showed most of those funds were held in an illiquid token rather than Bitcoin.

So they lost the keys AND bought a ton of some shitcoin / token.

Since they are / were a Nevada company might as well as gone to Las Vegas and bet it all in a video slot machine. This was you can see all the blinking things on the screen as your money disappears.

And their website is still up and running without a mention of what is going on.

Another day, another bunch of people who can't figure out the magical internet money machine is a myth.

-Dave
1277  Bitcoin / Development & Technical Discussion / Re: Safely using lightning RPC via VPS? on: September 01, 2023, 03:10:32 PM
If the VPS provider can access your server, and the server can communicate with your home node, doesn't that still give the VPS provider the authority to sign payments?
How can you be sure data send from VPS to your home device is genuine (e.g. not tempered by VPS provider or employee to steal coin)?
The answer to both, is, indeed. The provider can be a MITM attacker. I'm just trying to figure out how can I mitigate as much trust as possible. Leaving all my lightning coins to a server I have no physical access just doesn't seem right. Leaving the macaroon file, which gives them the access to pay invoices over my home node is neither a safe choice. It's still trivial for an employee to locate the file and do non-authorized executions. And the worst part is that I can't know from my mysql database if it's a user withdrawing funds, or an employee stealing from the users' money by messing with mysql queries.
In such case, full disk encryption would make attempt to tamper with your data become non trivial. They need to dump RAM, make copy of your VPS storage and find cryptography key from RAM dump.

Actually since you don't know how many layers deep you are that is just about impossible. If your VM is running under another VM then anything you do on your VM is much easier to dig though.

Unless you are getting remote KVM access to the bare metal hardware you can only ASSUME that they they are legit and not recording everything you do. Even then there is a layer of trust. BUT, unless you are talking about millions of dollars, it's probably not a worry. Since, if it was ever found out that they were deep monitoring clients their business would implode. Dave looks at AWS....or not.


How do large lightning node operators run commercial websites? I don't believe they're doing port forward from home on port 80/443.

Good question, i also curious how commercial company do that. Although i expect some of them simply use 3rd party.

If done properly through multiple discrete private networks and limited communications though firewalls. i.e. my node on 192.168.1.100 / 24 can only talk to the node on 192.168.2.100 /24 using gateway 192.168.1.50.

192.168.2.100 since it is a LN / BTC node and has to communicate with the outside world has a 2nd network card with a 10.0.0.100 / 24 address and it's own gateway.

Obviously this is very simplified, but it's all through things like that.

Keep in mind, you can also setup virtual NICs in VM servers that only allow internal communication so you can also do some things that way.

-Dave
1278  Bitcoin / Bitcoin Discussion / Re: Colorado DMV now accepts cryptocurrency for online services. on: September 01, 2023, 02:09:55 PM
Those customers who will be paying I'm cryptocurrency will have to do so through PayPal with a service fee of $1  plus 1.83% of  DMV total, asides PayPal fee that may apply for each transaction.    
So, why would anyone choose to pay with crypto from their papal account when I can use a normal card and pay none of the fees?

Because it's sitting in their account and they don't care.

If you as someone selling things decided to take BTC / crypto thought PayPal since you were using them to take payments anyway and it was nothing more then a few mouse clicks but you don't care about BTC / crypto then you could easily wind up with some in your account. Now you have to give the DMV money, and you can now spend on something you were going to have to spend money on anyway. Yes, there is a fee, but 'whatever' you no longer have to worry about this BTC / crypto sitting in your account.

THAT is PayPal's target audience. Fees in, fees out, terrible exchange rate. But, it's a painless process.

I have a few clients who STILL use PayPal just for credit card processing. They could save a bunch my moving to another vendor. But over the years they have integrated PayPal with so many things. Even saving 2% on the $300000 (so $6000 net) they move through them every year will cost them more in redoing their back end then a few years of fees.

-Dave
1279  Bitcoin / Wallet software / Re: Need help recovering private key from 2009-2010 on: August 31, 2023, 03:32:55 PM
Public apology to @hosseinimr93 when making the post I did a few edits on my tablet and then a few quick edits here and lost the quote reference to his post with the info on the key types.
Since it's not on loyce.club or ninjastic.space with the quote I either killed it it my 1st quick edit (doubtful) or it just never made it in the 1st place.

Sorry.


-Dave
1280  Bitcoin / Wallet software / Re: What happened to Coinomi? on: August 31, 2023, 02:05:48 PM
Not shilling for one particular company, BUT the Keystone hardware wallet has a decent IMO multicoin companion app for both Android & IOS
https://support.keyst.one/getting-started/syncing-with-the-keystone-vault-mobile-app

You would have to see if it has the coins / tokens you use. But this gets you mobile and hardware.
Yes, to spend you now have to carry 2 devices. Or be limited to only spending when you are where you keep your HW wallet.

As always, different things work for different people. Not going say one is better then the other or use this instead of that.
Different things work for different people, and at time higher risk is a fine tradeoff for not dealing with a bunch of different wallets because it's for such a small amount.

If someone wants my $25 in LTC and $20 in Doge and $20 (ish) in ETH and the other $50 in tokens. Have at it. I have probably saved more then that value in time not having to deal with 3 wallets every time I swapped phones.


-Dave
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