Have you tried checking out? If you continue, you should get the option to use bitpay...  |
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Considering privacy, is it better to send small amount of BTC to my hard wallet or there is no problem sending all my BTC at once?
I mean, if I send 5 BTC from 1000 diferent addresses to just one address in my Ladger Nano, it will be clear that all those adresses belongs now to just one person.
So, somebody could guess some of those addresses belongs to me, because let's say, I had some tip address in Youtube, therefore this bad guy could realize I consolidated my BTC on a Hardwallet, therefore he could want to kidnap me.
Am I right on this way of thinking?
You're right in this way of thinking. However, when funding several addresses on your new hardware wallet, your old wallet might use several unspent outputs to create a new transaction, and your old wallet might start creating change addresses. This way, all addresses of both your old and your new (hardware) wallet might get linked. If you want to do this right, you'll have to start using coin control features, select which unspent outputs of your old wallet you want to spend and use them completely (without a change address). This way an attacker will know it's probably a transaction between your own wallets (due to the absence of a change address), but he won't be able to link the new addresses on your hardware wallet together (unless you start spending from your hardware wallet, in this case it to can select multiple unspent outputs and create change addresses). This will only work if your old wallet has several addresses that are funded, but you never spent funds funding those addresses to begin with. TL;DR; you are correct, but if you don't pay attention to which unspent outputs you use to fund wich addresses, things might still end up in a big, entangled mess |
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my address
13qPd2WvE9SCr9yiUd4GS95pFatfw2ZtsC
Here you go. Quoted. It would be wise to sign a test message just to make sure you'll be able to create a signed message if your account ever gets compromised. |
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Pics of cats accepted as collateral only if the cat is blind.
That's just cruel... I think this request will probably lead to a couple newbies adopting cats just to poke their eyes out in order to be able to loan 5 cents worth of BTC. Why don't you change these terms to "Pics of cats accepted as collateral only if the cat is blind due to a pre-existing medical condition that was not inflicted by the person requesting the loan" |
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I didn't know bitpay had gotten so bad lately. I have helped people setting up their webshop using bitpay a long time ago, and at that time those people were happy. Offcourse, i'd never recommended to use them as a wallet, but i always assumed that if you were a webshop owner that only accepted FIAT in the past, and you just wanted to offer a payment option for the bitcoin community without having to go trough a big learning curve, bitpay was an easy solution. Apparently things changed  That being said, i've been running btcpayserver for quite a while now (with lightning integration, already accepted over 100 payments). I don't like to run docker containers without actually knowing what's going on behind the scenes, and i can tell you that my experience is that if you want to setup btcpayserver manually and actually know what's happening, it's a steep learning curve (especially for a shop owner that isn't interested in bitcoin and just wants to offer an extra payment option). You'll need to run a dedicated server, or at least a powerfull VPS, you'll need to setup a full node, setup nbxplorer, then setup btcpayserver. The synchronisation of your full node alone takes days, the complete setup process takes even longer (and i'm a unix systemengineer IRL, i have no idear if somebody without any experience would even be able to get everything up and running). Even if you manage to get everything up and running, you still end up with btc, so you'll need to exchange your funds for FIAT (given that you're a "regular" webshop owner, and crypto isn't really interesting to you...). I know, unning a docker container is easyer than a complete manual install, or you can probably get someone else to host your btcpayserver, or you can automate some steps... Still not the same as using a payment provider that just gives you and api and takes care of everything else for you. In the past, i've used coinpayments, but they didn't have a good reputation anymore either... Are there any payment providers that are still ok for the community without somebody like to OP having to setup everything up themselfs, have a steep learning curve, and potentially give up on accepting BTC because it was to hard? In case my textwall was TL;DR;: I'm not affiliated with bitpay, if they really became as bad as everybody is saying in this thread they shouldn't be an option anymore, but only offering a self-hosted sollution to webshopowners that might have little intrest in the crypto community isn't a good option either... So maybe we should think about which payment providers are preffered by the community in case other webshop owner simply wants a sollution that works, without the learning curve |
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--snip--
I think I will contact fellow bistamp customers and we may collect money for a press article to let people know. Will it prompt Bitstamp to change?
I'm glad to hear your issue was solved without having to pay a mining pool  As for gaining attention in order for bitstamp to change: well, you could collect money for a press article, or you could start an investigation by yourself and publish the results on bitcointalk. This forum has a really good pagerank. If you publish something on here, and your thread gains traction, it'll probably end up in the top search results in no-time. I'd probably start by finding out the hot wallets of bitstamp. Once i found those, i'd monitor them for future and past transactions and map the fee they used to the optimal fee at that moment in time, and the fee they ask their customers for a withdrawal. If the 100 latest withdrawal transactions all underpay, and you can prove this without a shadow of a doubt, your publication on bitcointalk might make a huge difference in the way they handle customers (or maybe they just won't care, they might think they're to big to fail and don't care about negative stories leaking out) |
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The winner of Daily Raffle #3 is mocacinno with ticket "d."
Congratulations, mocacinno! You've won a free ticket to our Mega Raffle for a chance to win the Grand Prize!
Regards,
Me
PS — Stay tuned for Daily Raffle #4 to be ninja announced later today.
Wow, that's the first time I win a raffle on bitcointalk... I'll keep my fingers crossed for the mega raffle  Thanks for organising these, they do brighten up my workday |
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Keep rebroadcasting the raw, signed tx how?
sender is Bitstamp.
here's your raw transaction 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
(untill your tx is confirmed), you can use an online service like this one: https://live.blockcypher.com/btc/pushtx/to push the raw transaction to blockcypher's nodes... If your transaction was pruned from their mempool, pushing it will re-insert it into their mempool and make their node(s) rebroadcast the transaction to the other nodes they are connected to. It's sad to see bitstamp is cheaping out on fees and not creating opt-in rbf tx's... |
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Could i get one of those 3 tickets please?
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Sorry to see you're stuck. In your case, there are only a couple things you can really do: - Wait... Hope that sooner or later, there will be some space in a block for 2.86 sat/byte transactions. Keep rebroadcasting the tx so it doesn't get pruned from the mempool
- Do a CPFP
- To bad the sender didn't opt in RBF... There is a very small chance he can doublespend the unspent output used as an input for your stuck transaction to re-fund your address
- Pay a miner to include your transaction into a block
A few remarks: 1) when i say pay a miner, i mean pay a miner with sufficient (provable) hashpower. Don't pay a hobbyminer with a couple ASIC's, he doesn't have the hashrate to solve a block while solo mining, so he doesn't have the resources to help you. I've heared good things about https://pool.viabtc.com/tools/txaccelerator/ 2) don't expect people to do this for free, or to access the forum with a new account and make promises to pay AFTER the transaction has been included into a block... Mining is serious business, people that include transactions make actual money from the fees. The odds of finding somebody that will do this for free (or getting payed after the transaction has been included) are really small. If this was my transaction, i'd probably do a CPFP if i needed the funds in a short timeframe or if i didn't trust the sender. If i trusted the sender, and i wasn't in a hurry, i'd just wait it out (and keep rebroadcasting the raw, signed tx) |
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The difference between btcpay and bitpay is that btcpay is a toolset to become your own payment gateway without the need of any thirth party. This means that if you setup a btcpay server, you won't be paying any service fees.
Bitpay is a thirth party payment provider. They do most of the technical work for you, and provide you with an easy to use api. A lot of shopping scripts already have a bitpay plugin. So implementing bitpay is usually pretty easy and secure, but you'll have to pay their service fee.
Btcpayserver is free, but you'll have to make sure everything is setup correctly, up-to-date, backupped,...
As for OP's other concerns: a long time ago there was a big spam attack on the network. At that time, the transaction fees exploded and it was possible transactions remained unconfirmed for hours/days. I can only guess you were reading articles that were written at the time the spam attack was happening. It has been a VERY long time since such an attack happened. If your customers pay a very small fee, the odds of the transaction remaining unconfirmed for more than ~20 minutes are small. Now, a spam attack might sound scary, but the way the bitcoin protocol is written means that no funds should get lost. A transaction either ends up in a block (sooner or later) or it gets dropped from the mempool of the nodes (some nodes might keep the transaction in their mempool longer than other nodes). No funds "dissapear". Also, don't forget traditional banks have security problems and downtime from time to time...
At the time of writing, if you have a non-segwit wallet and you fund a non-segwit address and a non-segwit change address, and want a very good chance of getting your transaction into the very next block, your customer will need to pay the equivalent of 8 dollarcents (~0.07€). On average, 1 block is found every ~10 minutes, if i'm not mistaking bitpay requires 3 confirmations... So bitpay will probably release your funds in less than 40 minutes after the payment has been made. Offcourse, if your customer cheaps out on fees, and only pays 1 or 2 cents, the odds exist that he'll have to wait a longer time before his transaction is included into a block...
Last but not least, this is the "allmost worst case" scenario. If your customer uses a segwit wallet (wich is more or less the default nowadays), he'll pay a lot less. If he doesn't mind waiting an hour, he can pay a lot less,...
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Ik heb eigenlijk geen ervaring met de XVG kloon van electrum, maar als deze redelijk identiek is aan de "originele" electrum zou je je private keys gewoon moeten kunnen exporteren, zelfs als er geen electrum nodes meer bestaan. Hierna kan je deze private keys importeren in een ondersteunde wallet.
Een andere optie is om op te zoeken hoe je een XVG electrum node moet maken (waarschijnlijk zal je moeten beginnen met een XVG full node, en zal je hier een XVG kloon van een electrum server moeten aan koppelen). Hierna kan je je XVG electrum starten en je eigen node ingeven bij de gebruikte server. Dat zou ook moeten werken, maar het is een hele hoop extra werk.
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I wanted to build upon some advice that has already been given in this thread: - Instead of exporting your seed from blockchain and import it into electrum, it's better to create a brand new electrum wallet, then move all funds from blockchain to electrum. The seed generated by blockchain might be compromised (or at least, it has bigger odds of being compromised compared to a clean seed generated freshly on a clean pc running a verified version of electrum)
- Coinomi seems secure right now, but it has had some serious security vulnerability's in the past, and i didn't like the way they handled these (other wallets have had vulnerability's aswell, but imho, they handled these issues more gracefully)
- If you stay away from online wallets and stick to desktop, paper or hardware wallets, your country is not important. As soon as you start using an online platform, they are the ones in controll of your funds, so they can block you or kick you out for any reason (including, but not limited to, your country of residence)
- It does not take 4 hours to move funds. Transactions are allmost instant, confirmations can take a while (on AVERAGE, one block is found every ~10 minutes, however, depending on, for example, your feerate it might be possible your tx doesn't end up in the next block). The problem here is that you use an online platform, so this platform can chose whatever timeframe they want to process your withdrawal. If they chose to wait 4 hours before creating the withdrawal transaction, you'll have to wait 4+ hours to get your withdrawal transaction confirmed. This has nothing to do with the bitcoin protocol, and everything to do with the policies of the web wallet provider you picked
- Electrum is fine as a mobile and desktop wallet (CHECK the signature, if ThomasV didn't sign, don't run the binary). IF you decide to invest more than a couple hundred bucks in crypto currencies, don't cheap out and buy a ledger or a trezor hardware wallet... If you're a cheapass, at least use a PROPERLY generated (bip38 encrypted) paper wallet to store bigger amounts, or use an old laptop/pc as airgapped wallet. Keeping a lot of funds on a web wallet, mobile wallet or even a desktop wallet is asking for troubles in the longrun
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It's quite possible he does not have a private key or even a regular normal bitcoin address, in the very early days, transactions were sent directly to the wallet via the ip address. It was not very secure because of that. Eventually it was fixed so that you can only send to bitcoin addresses (the legacy ones beginning with 1.)
I'd like the OP to make public a few of these addresses that he owns, and then we can see for ourselves how much BTC is in them. Next, he's got to somehow get the private key to import so he can either sign a message, or since he can get that to work, to then send the bitcoins to whatever new address he wants.
I wasn't around at that time, but i did read a couple of posts on how sending BTC to an ip worked, and i was under the impression that sending to an ip merely meant that the receiver ran a daemon listening on a public port, if you sent a request to this daemon, it would reply with a valid public key (or address, i don't remember) that could be funded by the sender. Since the whole process was automated, the sender never knew he/she was just funding a public key/address and could have been under the invalid impression he/she was funding an ip. So, i was under the impression the "send to ip" feature was merely a faster way to get the receiver's public key (or address). It was basically a shortcut so you could send funds to somebody without having to ask him/her to generate a public key/address every time you wanted to fund one of his/her public keys/addresses (since the wallets of the sender/receiver used a protocol to request a new pubkey automatically). It was removed because it was vulnerable to a simple MITM attack. If my understanding of the subject at hand is correct, the OP should still have a valid private key and public key, the public key hash should still be a valid address. I could be wrong tough, so please correct me if you have different info |
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I believe they were grading the wallet app on Trezor's website, not the Trezor hardware itself? But I'll try to talk to them and show the questions in the topic. It shouldn't be hard for them to reply, if they have the time.
Eventough this is a valid assumption, it doesn't take away the fact that newbies reading this list will most likely jump to the wrong conclusion that it's better to create a wallet with an online wallet provider than to invest $100 for a ledger or a trezor. If you're a legit company and you publish a spreadsheet like this, newbies can suffer the consequences of your actions. |
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I'm defenately not an expert in this subject matter, i'm not even from the US so i have little knowledge about the SSN's of the US.
That being said, next to the usage of an API, like TheNewAnon135246 posted, it's also possible parts of your SSN have to come from a list of codes, or some characters might be illegal, or a checksum might have been implemented.
For example, it's possible part of your SSN has to be a legal code of your place of birth? Maybe part of the SSN has to match your bithdate? Maybe part of the SSN codes for your gender?
Maybe you can't use the number 0, because people might confuse it for a capital o?
Maybe the last number is a checksum?
Maybe you randomly picked a dummy SSN that's known to be a dummy number?
Anyways, it's possible that by changing just one number, you created a SSN that's simply invalid?
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What if you live in a country where 15 000 people apply for 1 job opening at McDonalds? Unemployment is a harsh reality for a lot of people living in 3rd world countries and it is not easy to jump from one job to the next, as it is with people in 1st world countries. Also, the few Satoshi that you might get from that faucet, is a lot more valuable to people living in countries with a weak currency. I can remember the days when freebitco.in gave 1000+ Sat/hour and if you saved up all those Satoshi over time, you would have a good amount to spend now. <converted to a weak currency in 3rd world countries>  I deposited all my Satoshi into one address and then left it there for a few years, when the price of bitcoin was at $18 000, I sold it and I bought a Xbox one. <That was also from the referral income from people that I introduced to the site> I find this situation to be a variant of the exception i already detailed... I mean, living in a country where the minimum wage is under 7 cents per hour put you more or less in the same situation as living in a country where the minimum wage is over 7 cents per hour, but it's impossible to get a minimum wage job. I already detailed that in this situation, it *might* be a reasonable idear to use faucets. As for the second part of your post: the important thing to notice is that you waited for a few years so the price could rise from $x? to $18000. If you had had an IRL job that payed you more than the equivalent of 1000+ sat/hour, you'd have made more profit doing this IRL job and converting your earnings to BTC, then waiting untill the price rose to $18000. |
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--snip--
However, to be absolutely clear, it should be added that value can change over time and history shows that it has changed significantly.
First faucet made by Gavin Andresen have been giving 5 BTC per visit!
--snip--
Well, my point still remains the same... I've had this discussion a couple times before, and i guess it's hard to wrap one's head around the concept, so i decided this time i'd give a theoretical (imaginary) example... For example, at this moment, BTC is about ~$8000. Let's create a theoretical example based on the mimum wage in my country : ~$12/hour, net (after taxes). Let's say that in 1 year, the BTC price rises 100x Situation 1: somebody claims faucets for 40 hours/week, 4 weeks:7 cents/hour * 160 hours = $11,2 Let's assume he's working from a local library so he doesn't pay electricity, pc or internet Let's assume i grossly underestimated the income, and this person makes 10 times more per hour than i estimated (including a couple refferals). This person now makes $112/month. This is ~0.014 BTCIn 1 year, the BTC price becomes $800.000/ BTCThis person has now an equivalent of $11200 USDSituation 2: somebody works for minimum wage, 40 hours/week, 4 weeks and converts his wage into BTC:$12/hour * 160 hours = $1920 Since this person is lawfully employed, he doesn't have to pay for any charges (internet, devices,...) He converts his $1920 into BTC ($8000/BTC) = 0.24 BTCIn 1 year, the BTC price becomes $800.000/ BTCThis person has now an equivalent of $192000 USDSo... The end result: even if the BTC price skyrockets in the coming years, the person that got the IRL job ended up with >17x as much BTC (or fiat) than the person that claimed from faucets. Also, i added a correction factor of 10 to the first situation, if i wouldn't have done that, the person with the IRL job would have ended up with 170x more BTC and fiat compared to the faucet guy... Last but not least: the IRL job guy made minimum wage, if he had any kind of education, or was willing to work odd hours or do a little harder job, he'd make significantly more... |
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About a week ago, i did some estimation and calculation work here: https://bitcointalk.org/index.php?topic=5199240.msg53054541#msg53054541if it's TL;DR; the conclusion was pretty simple: If you live in a country where the minimum reward for labour is higher than 7 cents per hour, it's better to get an IRL job paying in fiat and convert your wage into BTC than it is to claim from faucets. These calculations and estimations did NOT take into account that in order to claim from faucets, you need a device, internet and power... So, in reality, you'll make even less than 7 cents per hour claiming from faucets if you subtract your expenses. For most western countries, it's just plain stupid to claim from faucets... Even if you're a kid, you'll have ways to earn much more on an hourly basis (mow your neighbor's lawn, your allowance, a paper route,...). If you're an adult, even mc donalds will pay at least 100 times more per hour working compared to claiming from faucets. IF you live in a poor third world country (where you only make a couple bucks per week) with nearly free electricity and have a device that's already purchased for other reasons, it *might* be a reasonable idear to claim from faucets. |
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Where did you get this PPLNT acronym? I've been around for quite a while, and this is the first time i hear about it...
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