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1581  Economy / Service Discussion / Re: Local peer to peer should be allow on: August 15, 2023, 04:08:36 AM
That has nothing to do with bitcoin though. It is the problems inherited from the centralized payment system and fiat that bring regulations and KYC which makes the process of converting your fiat to bitcoin a complicated one. In other words this is not "transaction process" this is "conversion process" that has gotten complicated.
However, bitcoin is a currency and if you treat it as such you won't face as many problems. For example if you were getting paid in bitcoin like you are paid in fiat!

Or is there platform one can buy and sell easily without passing rigorous payment system? Please share
DEX like Bisq is the closest thing to that.
1582  Bitcoin / Bitcoin Discussion / Re: Bitcoin is 93% mined today, will the future be born into 100% premine like fiat on: August 14, 2023, 06:05:33 PM
Well kids these days tend to believe the garbage they read on social media not to mention how it can make them do literary anything (look at their "looting parties" across US and EU where they gather around to loot different shops!).

The difference between bitcoin and fiat is not how much of it is mined or is going to be mined. The difference is that fiat is 100% centralized and unless you want to break the law in a lot of countries and go full cash anonymous, you are using it through a centralized service like a bank that monitors your ever step and has its hand in your pocket.
This is while bitcoin is decentralized and you don't need any third parties and nobody has or can have its hand in your pocket.

P.S. you also don't know the meaning of the word "premine" it is wrong to use for bitcoin with 100% mined supply and it is wrong to use for fiat that keeps being printed without cap lol
1583  Economy / Economics / Re: Can stablecoins be able to prevent de-dollarization? on: August 13, 2023, 01:18:55 PM
You mean centralized shittokens created and controlled by centralized companies? I think it is obvious that it can not do anything let alone prevent dedollarisation! Such companies can be easily shut down not to mention that they are practically releasing dollar just in digital form.

You are also forgetting that the countries are decreasing their dependence on dollar (aka dedollarisation) because they want to reduce the effects that dollar (in any form it has) on their economy and country as a whole.
For example they don't want to have their funds frozen in off-shore accounts or services like SWIFT just because they didn't fully obey what US had ordered them to do. So whether it is SWIFT or iFinex (releasing tether) or Circle or PayPal or whatever is not going to change that.
1584  Bitcoin / Project Development / Re: [coinb.in] Open Source, Multi Signature, HD Wallet, SegWit/Bech32 and more! on: August 13, 2023, 12:58:47 PM
I tried redeeming it on coinbin and signing it, but got error 400 when i broadcasted.
Did it show any kind of error message? It may just be a broadcasting or connectivity to remote server error, in which case you can use an explorer like blockcypher to try and rebroadcast the same transaction if the signing was successful and the issue was only when broadcasting it.

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Can i send the redeem script and public key here so it can be easier for you to help? That wouldn't give away access to them, right?
There is no need to post it here if it looks like the following (the bold part should be the same and the rest should be of the same size which is 40 characters equal to HASH160 of your pubkey):
001479091972186c449eb1ded22b78e40d009bdf0089
1585  Economy / Speculation / Re: BTC Sentiment Poll for August on: August 13, 2023, 10:40:48 AM
It is my understanding that BRICS will be created for use by member countries, e.g. China, Russia and Iran.
BRICS is already created 17 years ago and the members are Brazil, Russia, India, China and South Africa while Iran is more like an unofficial official member!
 
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I think this will have little impact on the cryptocurrency market. The mechanism for the creation and use of this currency between countries has not yet been determined. So it should not affect bitcoin in August or any other time. I would not pay attention to this event.
Directly it will have no impact on bitcoin. Indirectly it might.
My argument is mainly regarding dollar value since we all know that dedollarisation is happening and that has decreased the value of dollar (mostly negated by heavily increasing the interest rate as a short term remedy) and the more dollar goes down the more other currencies such as bitcoin have to go up against it.
Now with BRICS being on the brink of introducing a new currency, if they do reveal it in this month's summit, this could be the start of a much faster dedollarisation and a bigger dump of the dollar which could lead to bitcoin price going higher.

This is why I'm eagerly looking forward to see what happens since also this can technically be a significant global economic event and another step in the direction of new world order.
1586  Bitcoin / Bitcoin Technical Support / Re: What is the minimal transaction fee for 10$ usd or 1000$ usd? on: August 13, 2023, 09:35:38 AM
In bitcoin, unlike other payment systems like your bank, we are paying for a portion of the finite amount of space called a "block". So when you want to buy more space in that block (ie. when your transaction size is bigger) you have to pay a higher "fee" and when there is more competition for that limited space (ie. network congestion) you also have to compete and pay a higher "fee".
And as others pointed out, your transaction size depends on how many inputs and outputs it has. So it doesn't matter if you are transferring $10 or $1000 as long as the tx size is the same.
1587  Bitcoin / Bitcoin Technical Support / Re: Verify ownership of keys for paper wallet on: August 13, 2023, 09:27:35 AM
I believe a self-written, properly tested paper wallet generator is MUCH safer that using whatever you can find on the internet now.
Compared to "whatever you can find", sure it can be safer but the choice is not between your own code and random code on github. There are other options such as well reviewed and well tested wallets such as bitcoin core and electrum that can be used to generate a key or mnemonic respectively then printing that on a paper which is way safer than your own code.
1588  Bitcoin / Bitcoin Discussion / Re: What Bitcoin Phase are we on: August 13, 2023, 06:06:02 AM
Buying shitcoins when Bitcoin has yet ended its bear market is terrible. Because shitcoins are more vulnerable to death in bear market and if you buy them in bear market, you accept bigger risk.

It does not mean in a bull market, it is safer to buy shitcoins as they basically are shitcoins with no values and their prices are only temporarily and can disappear anytime by rug pulls, hacks, massive minting by developers or hackers.
People should always treat altcoins as they are which is pump and dump schemes. It doesn't matter if we are in a bitcoin bull or bear market, we know at any time there are multiple altcoins that are being pumped and they are always dumped afterwards.
Knowing this, people can learn to ride the waves without being dumped on to lose money. Otherwise the biggest problem is when people think these useless projects have a "potential" so they end up buying them and bag holding them for long, hoping for profit while watching their capital melt away slowly.
1589  Bitcoin / Project Development / Re: [coinb.in] Open Source, Multi Signature, HD Wallet, SegWit/Bech32 and more! on: August 13, 2023, 05:53:10 AM
When i import the WIF key into another wallet, it instead imports the corresponding Legacy address (beginning with D) instead of the Segwit address.
Since WIFs don't have the address type information inside, you have to find a way to tell the wallet you are using what type of address it should derive. This is a wallet specific thing that you should ask the developers of that wallet or users of it.

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Are my funds gone forever, or is it possible to access them?
Most probably you'll have a hard time reclaiming them but they aren't gone.
Try checking out the https://coinb.in/#newTransaction section of the website and try to create a transaction spending your coins by entering your redeem script in the first box and setting a destination address.
Then sign it using the https://coinb.in/#sign page with your private key.

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If it's not possible to access, why does coinb.in even offer segwit as an option in the first place?
You really shouldn't use this type of tools for anything serious though, specially if you used it online. They are usually complicated and for "advanced" usages, not to mention could have vulnerabilities.
Try to stick to wallets.

P.S. Your address is a P2SH and I personally couldn't reproduce this type of SegWit address (ie. wrapped witness) which makes me think your address could be a multi-sig not SegWit. In any case are you sure your "redeem script" is a SegWit one? It should be OP_0 followed by a 20 or 32 byte data.
1590  Economy / Speculation / Re: BTC Sentiment Poll for August on: August 12, 2023, 04:29:16 PM
This month the biggest thing I'm looking for is the new BRICS currency that is going to be announced soon. Based on the effects it is going to have, we may see some effects on bitcoin. It will either do nothing to the dollar value or it will kick start its downward spiral, only in the second scenario we can start seeing an interesting bitcoin market with a good potential of big rises.
1591  Economy / Economics / Re: Iran and Russia want to issue new stablecoin backed by gold on: August 12, 2023, 02:51:56 PM
Ukraine's biggest mistake is the dismantling of its military system, including advanced nuclear weapons. for what? This was in exchange for nothing but the approval of the major international powers. Today Belarus gets nuclear missile platforms for free from Russia, while Ukraine begs countries to secure itself at least partially.
That's true but I believe the biggest problem Ukraine has is not having an actual politician in the office.
You see, in this world there are "strong" countries and proxy countries. Ukraine is the later while US and Russia are the former. It's not a bad or negative thing to be a "proxy" country, it's just a country that is not as strong as the world powers but it is caught between them (meaning both sides want a piece of it just to compete with each other!).

A good example of such countries is Turkey, a country with little to no natural resources or industries that is geographically located between East and West. But look at the politicians it has. The president called Erdogan as an expert politician who has been Turkey's president ever since 2014 and previously was prime minister and before that was mayor. He basically started in politics ever since 1976. Despite all his dumb mistakes, has beautifully played the role of a proxy country for Turkey. He is neither a full NATO member going against the Eastern powers (eg. blocking Russian exports, obeying US sanctions on Iran, cutting ties with China) nor is he a full Eastern bloc player (eg. cutting ties with US, not participating in NATO wars, etc.). Each time he tries to lean too much on one side, Turkey suffers the consequences. He buys Russian air defense, he loses US weapons; he plays the NATO game the grain deal and energy exports through Turkey fall through, ...

Ukraine can be categorized as the same type of country. But the difference is lack of an actual politician. Compare Erdogan with Zenesky! He has absolutely no idea what "politics" means simply because he has no experience in the field. He is just an actor who has experience to be a comedian not a politician and yet he was "installed" in office. Now Ukraine suffers the consequences of it.
The same problem was with the previous one. He was a politician with experience but he made the mistake of playing too much in favor of Russia so US invaded and orchestrated a coup to remove him.
1592  Bitcoin / Bitcoin Discussion / Re: What Bitcoin Phase are we on: August 12, 2023, 01:27:47 PM
The Accumulation Circle
The Markup Circle
The Distribution Circle
The Markdown Circle
These are theories not rules. In other words the market doesn't have to follow these stages strictly.

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Considering the upcoming event of bitcoin halving next year, could we judge that this journey is about to begin with the market going dip or the current situation is to incidence the begining of the rise of bitcoin for a bullrun.
In my opinion we are in uncharted waters because if you truly analyze the previous bull runs and the way they were growing, you can see these cycles had a repeating pattern which was broken in the last cycle since price could not go higher than $70k even though it had to go up to around $400k and have a "bubble" there then a bear market.
This is why what we have from that point, is a new trend that sometimes resembles the previous cycles and unless we can see a solid pattern again we can't start talking about repetition.

We also have the terrible situation with the global economy being in recession+inflation phase that makes bull runs harder.
1593  Bitcoin / Bitcoin Discussion / Re: Does the number of Confirmation relate to the number of bitcoin nodes? on: August 12, 2023, 01:20:18 PM
If this is the case, will the first transaction of the bitcoin has the highest number of confirmation?
That's right. In other words you can think of the "number" of confirmation as the "depth" of that transaction into the blockchain or the distance the block containing that transaction has from the tip.
1594  Bitcoin / Electrum / Re: Does Electrum use Libbitcoin ? on: August 12, 2023, 10:10:30 AM
There is a pure python secp256k1 library out there but I guess there are reasons for not adopting those but using more mainstream ones instead. ** Possibility due to adoption and how thoroughly tested those are.
That would be one reason but in my opinion the main reason should always be that any general purpose implementation of ECC runs the risk of having "weird" behavior which is not necessarily bug or weakness, just a weird behavior that is not suitable for a consensus critical protocol such as bitcoin that needs to be strict.
The best example of "weird" behavior is OpenSSL that used to be used by bitcoin core. One issue was its value parsing rules in places such as signatures (DER), etc. That doesn't cause any issues when the library used for something like parsing a website certificate in your browser, but that can be the source of a lot of issues in something like Bitcoin.

BTW Electrum used to use pure python implementation of ECC called python-ecdsa before they migrated to libsecp256k1.
1595  Bitcoin / Electrum / Re: Does Electrum use Libbitcoin ? on: August 11, 2023, 04:57:36 AM
Electrum is written in Python and does not use any C++ dependencies. There is no reason for Electrum to use a third-party C++ module
Electrum doesn't use this particular library (libbitcoin) but being written in Python doesn't mean it doesn't need or use dependencies written in other languages like C++. In fact one of the dependencies Electrum has is libsec256k1 which is written in C. Some of its other dependencies (specially involving hardware wallets) utilize C++ libraries.
1596  Bitcoin / Development & Technical Discussion / Re: Do you think it's safe to use a private key hash from 12-characters on: August 11, 2023, 04:41:06 AM
^^ Even though the numbers using 6212 is correct but you guys are missing the fact that the entropy size depends on the size of the character list as I said above. The total of 62 characters (lower/upper a to z and numbers) is the simplest list of characters that doesn't even include regular symbols (*.,/\'":; and so on). Not to mention that technically speaking UTF8 encoding which is common for character representation can encode more than a million characters (not just the 62) ergo depending on the list you used, each of your characters can indeed represent a lot more than just 72-ish bits.
1597  Bitcoin / Development & Technical Discussion / Re: help to modify JavaScript code to generate last word in 24 word seed key on: August 11, 2023, 03:53:49 AM
@pooya87
Is that what I'm doing, picking words then brute force? According to the article I posted, I am randomly generating 24 words using my scientific calculator ti-84, then generating the last word with the entropy from the 24 words and validating the checksum.
Maybe I'm misunderstanding the code you posted since I can't tell if after computing "cs" it is replacing the whole word or just the extra bits.
Basically when you generate words like this you are generating 11 bits at a time so your last word is also 11 "generated" bits but the last word in a BIP39 mnemonic is partly the checksum and partly the generated bits so the extra bits you generated should be discarded or changed.
If you keep randomly selecting the last word then validating the checksum until you get a correct sequence, that is brute forcing. Otherwise if you are discarding the extra bits and replacing them with checksum, it is not.
1598  Bitcoin / Development & Technical Discussion / Re: help to modify JavaScript code to generate last word in 24 word seed key on: August 10, 2023, 02:00:53 PM
This is not how we generate a seed phrase, we don't pick words then brute force the last one to have a correct checksum. Instead we generate a fixed length entropy and compute the checksum on that, then encode the whole thing into words.

If you want to see how it's done and use the source code that is already available, check out the BIPs page. It has 4 implementation in JavaScript that you can use: https://github.com/bitcoin/bips/blob/master/bip-0039.mediawiki#other-implementations
1599  Bitcoin / Development & Technical Discussion / Re: If you used "bx seed" you probably already lost your bitcoins, but if... on: August 10, 2023, 01:49:37 PM
Isn't "bx seed" supposed to be weak? I mean the docs clearly state that this is generating a "pseudorandom" seed and can "introduce cryptographic weakness". Why would a wallet use this in first place?
https://github.com/libbitcoin/libbitcoin-explorer/wiki/bx-seed

Or is the problem somewhere in the code affecting other commands like "bx hd-new" because the doc doesn't say anything about being weak there.
https://github.com/libbitcoin/libbitcoin-explorer/wiki/bx-hd-new
1600  Bitcoin / Bitcoin Technical Support / Re: MATT opcodes? on: August 10, 2023, 12:55:25 PM
If you are talking about the proposal by Salvatore Ingala regarding MATT opcodes then it is not part of the Bitcoin protocol so the only "resource" you will find is going to be the one found on bitcoin-dev mailing list[1] and the links posted in there including the reference implementation of the proposal on github[2].

[1] https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2023-July/021827.html
[2] https://github.com/Merkleize/bitcoin/tree/checkcontractverify
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