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May 24, 2024, 08:49:09 PM *
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201  Bitcoin / Bitcoin Discussion / Re: Bitcoin = Proof of Scam ? on: April 13, 2024, 12:10:01 PM
The halving of bitcoin is indeed a dirty little trick hiding in the source code.

The bitcoin white paper misleads:

"The steady addition of a constant of amount of new coins..."

Point being:

White paper does not mention halving !

Whitepaper isn't full or accurate detail of Bitcoin technical details. It's not like the whitepaper ever talk about address type, scripting or block size either. Besides, majority of Bitcoiner also aware what is halving, so obviously it's not "dirty little trick".
202  Economy / Service Discussion / Re: Massive list of Bitcoin-friendly VPS /VPNproviders on: April 13, 2024, 11:59:44 AM
Our company was removed from the list because we do not pay affiliates commissions in crypto. Paypal, or bank transfer only. Smiley

Unreliable source.

I checked an old archive[1] and it seems you're true. Although AFAIK there's no more complete list than this website, which makes it still reliable for many people.

The ProtonVPN listing is out of date. Now it has locations in 89 countries which I've counted myself in my (premium) ProtonVPN app. That's not including the number of cities inside all those countries.

But it's a bit weird the website was last updated today. You probably want to let owner of the website know through email listed on it's website.



[1] https://web.archive.org/web/20210727235921/https://bitcoin-vps.com/
203  Economy / Reputation / Re: Users who spread false/fake/unhelpful information on technical board on: April 11, 2024, 10:23:44 AM
His remaining 4 posts are mostly AI generated as well, but the 1st two have enough hand-written gibberish in them to make them fail the AI test.

--snip--

It's not surprising. Anyway, his post on this thread was deleted by moderator. You and other reader can check it on https://ninjastic.space/post/63930017.
204  Bitcoin / Development & Technical Discussion / Re: Running a node dumb question on: April 11, 2024, 10:17:56 AM
Does anyone here know how to get my computer's approximate power consumption while running a node? My wife keeps asking me why my computer is always open 24/7. She is already threatening me about our electricity bill.  Cheesy
Tell her not to use the hair dryer so often or empty the water heater every time she takes a shower if you don't mind sleeping on the couch for a few night. Grin

I don't think it's that easy to calculate. If you are serious about it, you might need something like a watt meter. There are also third-party software you can run to measure the consumption for you. Like with anything, use them at your own risk.

Here is just one article I found on the subject:
https://www.makeuseof.com/windows-pc-power-usage/

Such software only as accurate as sensor to measure certain part of the computer. It's not available for certain part and it doesn't consider how efficient is PSU of the computer.
205  Bitcoin / Development & Technical Discussion / Re: Can Bitcoin withstand attacks by state-level agents? on: April 11, 2024, 10:12:17 AM
However there are approximately 18,000 nodes running now, and if any attack can be executed it means the attacker must have about 9180 nodes which is quite a large number of nodes to set up.

1. It doesn't matter how much nodes set by attacker, since each node verify all TX and block.
2. FYI 18K only refers to total reachable nodes. If you check http://luke.dashjr.org/programs/bitcoin/files/charts/software.html, there are about 76K nodes running.
206  Bitcoin / Bitcoin Discussion / Re: The Lightning Network: A failure? on: April 11, 2024, 10:03:13 AM
--snip--
Unfortunately, these chains aren't as widely-recognized as the LN. The latter has strong marketing from crypto companies, businesses, and exchanges alike.

Although adoption for the LN is still low, it's certainly greater than sidechains. The solution to the high fee problem is already there. What's challenging is making people use alternative solutions to have a better experience with Bitcoin. With plenty of altcoins to choose from, why focus on scaling Bitcoin, anyways? Cheesy

You're answered your own question on previous sentence.



--snip--

I am not saying Ltc will succeed 100% since it shares something with monero (anonymous transactions) but it is optional to make these transactions. The chances are way higher for litecoin and people are already using it more than any other coin on bitpay.

Government pressure also makes exchange delist many coin with optional privacy feature (such as zcash and dash).
207  Bitcoin / Bitcoin Discussion / Re: Debunking the Myth of Bitcoin's Use Case on: April 11, 2024, 09:57:09 AM
I see you're stilling creating new thread which recycle your points from many previous threads. I've also watched the videos since it's only 3:58 long.

Source: https://bitcointalk.org/index.php?topic=5476352.0

You've all probably heard the stories on Bitcoin's value. Stories that portray Bitcoin not only as valuable, but precious. Stories by which buying bitcoins is one of the smartest things you can do. Well, all of that is just cheap propaganda. A bait to lure you to buy something worthless.

Source: https://bitcointalk.org/index.php?topic=5474861.0

Finally, crypto units cannot be drunk, eaten, built into products, worn as jewelry, viewed as a picture or movie, or listened to as music. In short, they do not have an intrinsic value that creates a certain amount of benefit through the fulfillment of human needs, for this benefit to serve as a reference for the value of these units.

Source: https://bitcointalk.org/index.php?topic=5472154.0

Let's therefore assume that those 100 units are 100 apples. Apples can fulfill the purpose of nutrion. By knowing that purpose, you can evaluate whether it is worth giving your bike for those 100 units. The same is true for other products that have historically been money - livestock, grain, wine, fur, metals, etc. All these products were able to fulfill purposes beyond serving as a medium of exchange. That was then used for estimating how many other products to give for them.

Source: https://bitcointalk.org/index.php?topic=5467415.0

For example. By wheat having a nutritional purpose, speculators approximately know how valuable it is to consumers and whether prices are cheap or expensive. Similarly, by fiat currencies having the purpose of paying debt to the banks and by debtors facing foreclosures in case of default, speculators know these currencies are worth to debtors somewhere in the range of pledged collaterals. Meaning, they will not trade houses for a specific number of currency units if they see that banks take cars as collateral when issuing that number of units.

Anyway, when i purchase something with Bitcoin, personally i consider it as usage.
208  Bitcoin / Wallet software / Re: Sparrow Bitcoin Wallet on: April 10, 2024, 09:40:44 AM
Maybe you experienced some temporary or local Github connectivity issues. And nobody except you can know what's going on in your local network.

20min for the download of ~100MB doesn't sound any fast either, but Eleutheria didn't mention any details of personal internet connection. Such a download time could happen when you only have something like 1MBit/s downstream.
Today I tried to download Sparrow Wallet again and the speed was improved but there were limits on download. There is definitely a problem on their side. I'll try to contact them and let them know about this issue.

I tried download it just now, but it use my maximum internet speed. It's likely their server was overloaded, although there's small chance your ISP throttle your connection. Next time you experience this problem, you might want to use VPN and see whether you still experience slow download speed.
209  Bitcoin / Bitcoin Discussion / Re: The Lightning Network: A failure? on: April 10, 2024, 09:01:37 AM
Yes I think in a lot of way it's a failure, most Bitcoin maxis are in denial.

i just a saw tweet from a maxi telling people to use custodial lightning wallet - this is centralization. this is what we're trying to avoid. Goes against everything Satoshi envisioned

Bitcoin maximalist doesn't necessary mean they also LN maximalist.

I stopped running a lightning node because it's not real user friendly, i lost funds, my channels got closed. it's not reliable enough to make payments (unless connected to large centralized nodes) & I don't trust it's privacy. of course, if this changes in the future, I may go back. Until then, i prefer onchain.

At least for privacy, IMO it's onion-routed payment offer decent privacy. But otherwise, i agree running LN node could be difficult and payment could fail due to LN complexity.
210  Bitcoin / Bitcoin Technical Support / Re: Absolute minimal node disk use configuration on: April 10, 2024, 08:49:44 AM
I *think* that if you set the dbcache to a high enough value then it's just going to keep the entire chainstate in RAM and then only flush it to disk on program exit (which I know is not very helpful but maybe you can delete the folder when the program is finished. Caveat: I'm don't know if this will make Bitcoin Core complain.)

It'd require OP to rent VPS which have at least 12GB though. My Bitcoin Core's chainstate currently has size about 10.8GB, you also need 300MB of RAM for mempool and some more for OS.

There are few third party services which let you perform RPC operation which supported by full node software they run. I'm only aware of getblock.io which offer such thing, but take note i never use that service and i don't know whether it's legit or fake service. So i strongly recommend you to do your own research.
Getblock is not a fake service, I have used it before.

That's good to know, i said that since i recall they used to perform somewhat aggressive advertising here (where some of them deleted by moderator).
211  Bitcoin / Bitcoin Discussion / Re: The Lightning Network: A failure? on: April 09, 2024, 10:28:01 AM
When I first heard about lightning it was almost 10 years ago. I thought it was going to be amazing. However it never really caught on and I am surprised.

I think that most people just stopped using bitcoin for micro payments and which Switched to stablecoins on l2 networks like ETH, ARB, Polygon, etc.

ETH fees are high now but they weren’t when USDT launched on it many years back. I think many people utilized it. Then they switched to maybe Tron or Solana for near free transactions.

Hence why lightning never became larger.
Why can't the LN succeed the same way ETH-based L2 networks (Arbitrum, Base, Optimism) succeeded? I guess that's because people consider Bitcoin as an investment than a currency. ETH is viewed among many as a "utility token", especially when it's needed for interacting with smart contracts (dApps). I don't know how BTC developers are going to pull it off, especially when many exchanges still haven't adopted the LN yet. Coinbase recently made a partnership with Lightspark to add support for the LN.

Maybe there's hope after all? If the LN gets perfected, it could become the main railway for day-to-day BTC transactions. The future is unpredictable, so anything's possible. Grin

It's probably also because LN is more complicated. On LN, the wallet need to consider many things such as transaction routing, maximum coin can be send and maximum coin can be received, while L2 doesn't have that kind of complexity.
212  Bitcoin / Development & Technical Discussion / Re: (Ordinals) BRC-20 needs to be removed on: April 09, 2024, 10:17:28 AM
Any thoughts about Runes protocol in this topic? rodarmor.com/blog/runes
Halving is arriving in ~2k blocks and fees can be way higher than any brc20 previous wave. Do we have the same angry people?

I shared my short thought on this post,

--snip--

Have anyone see it's technical detail[1]? While ordinals use witness data and UTXO, runes use UTXO and OP_RETURN which create somewhat less bloat. And while ordinals idea looks fresh at it's time, both ordinals and runes looks outdated as Bitcoin sidechain/L2 gaining popularity. So yeah, i hope Runes lose it's popularity quickly.

[1] https://rodarmor.com/blog/runes/

Besides, i expect there won't be many people would take risk following trend of Rune when Ordinal popularity doesn't last that long.
213  Economy / Reputation / Re: Can we trust Legendary member chmod755 ? on: April 09, 2024, 10:13:56 AM
Does anyone notice this user also perform SEO spam on Press board since lasy year? I've tried report one of the thread, but it stays "Unhandled". AFAIK CoinIdol got banned due to very aggressive SEO spam[1], so IMO it's time do that again.

It should only be done if all the sources are from the same website.

I did quick search and found out he create at least 111 threads since November 2023[1]. Using Ctrl-F, i found 107 of them contain word "bitcoin.com" while few others doesn't mention any link[2]. Any if you exclude starting date, i also found out he did similar thing for different website on year 2015[3].

[1] https://ninjastic.space/search?after_date=2023-11-01T00%3A00%3A00&author=chmod755&before_date=2024-04-30T00%3A00%3A00&board=77
[2] https://ninjastic.space/post/63099437
[3] https://ninjastic.space/search?author=chmod755&board=77
214  Local / Bahasa Indonesia (Indonesian) / Re: BITCOIN CORE on: April 09, 2024, 10:06:41 AM
Barangkali ada teman-teman (@ABCbits, @abhiseshakana, @punk.zink atau lainnya) yang sudah pernah mencoba atau lebih memahami cara menghubungkan hardware wallet ke Bitcoin Core bisa membantu menjelaskan lebih lanjut?

Saya sendiri tidak pernah mencoba Bitcoin Core dengan hardware wallet, sehingga saya tidak bisa memberikan bantuan. Tetapi saya bisa menyarankan untuk melihat beberapa contoh penggunaan dari website https://hwi.readthedocs.io/en/latest/examples/index.html.
215  Bitcoin / Project Development / Re: OnlyFaucet - Crypto Faucets on: April 08, 2024, 11:22:08 AM
What's the purpose for this? I don't think there's not a lot of people that are using faucets in crypto anymore, they're discontent with how little the amount that faucets give and the value. You probably need to state the purpose of your request because people here don't want to be complicit by accident when someone makes something horrible, I hope you do understand that. Also, why don't you just search it on GitHub yourself? Pretty sure that whatever you're looking for would easily be searchable right?
I'm trying to benefit people who deposited before and lost their money on the fraud/scam sites and platforms and the examples are too many

And on the other hand i need to benefit myself i know a lot of platforms that pay low but got too many people over it cause it's honest doesn't scam people so i need the script and source so i can upload it on a new site and start my goal win win situation

If you want help those people, you better
1. Tell them that faucet is waste of them and they should look for actual job which pays far more money in same time.
2. Give guidance how to identify and avoid common scam.

Faucet generally only helpful to make people interact with certain cryptocurrency for first time.

Nulled is just another term for cracked/pirated digital goods. And surely you know it's illegal to sell such stuff.

I know that buddy. Usually, some developers buy those scripts, crack them, and sell them at low prices or they do it in another way. But they sell those scripts online. Sometimes, they upload it online for free, and average people like me download it to try the script. But, we don't know if those scripts have some kind of backdoors or not. Not everyone can check those things. So, it is risky even if we try free scripts.

That's good, but don't forget although other reader might not familiar with that term or know well risk of using such thing.

Now, if you talk about ethics in selling those scripts, I guess many people are guilty of using pirated software. I have used pirated Windows and Adobe software. In this case, this is a website script. That is the only difference here.

I get your point, although i find paying for potential pirated software feels wrong.
216  Bitcoin / Bitcoin Technical Support / Re: Cheap & silent mini PC for Bitcoin node & blockchain explorer? on: April 08, 2024, 11:15:26 AM
For example, the Beelink Mini S12 Pro comes with 16 GB of RAM out of the box, can work with 32 GB, can house an M.2 NVMe SSD up to 2 TB and an additional SATA SSD of 2 TB, which is probably enough for a full node running Ubuntu Server for many decades worth of timechain storage, all of it on the internal M.2, with regular automated backups to the internal SATA SSD. And it's probably not a lot more expensive than an old refurbished Mini-PC.

More fun of course would be to build one yourself, e.g. with an ASRock N100DC-ITX, and a cheap Mini-ITX chassis, e.g. one by SilverStone like the Milo 10, or (if you have a home lab) a 1U rackmount chassis for better expandability, which is always possible with a DIY build.

And somewhere between those options, you can buy barebone (without RAM and storage drive) mini PC. That way, you could save a bit of money by choosing your own RAM and storage, while also avoiding built-in Windows (if you prefer using Linux).

--snip--

Yes, I have been moving my RPi setups and other old micro PCs to the N100 Beelink and similar.

Faster then the PI,
--snip--

Looking at benchmark result (between Intel N100 and Raspberry Pi 4 CPU), it's more accurate to say it's far faster.

https://www.cpubenchmark.net/compare/5157vs4297/Intel-N100-vs-BCM2711
217  Economy / Reputation / Re: Users who spread false/fake/unhelpful information on technical board on: April 08, 2024, 10:51:57 AM
User: BTTUSERNAME

Actually mobile OS usually have better security by default compared with desktop OS. For example, Android offer Application and Privacy sandbox which limit what an application can do.

That's correct. There are not much hacks that happen because of vulnerabilities present in OS but because of negligence of people. There is no way a malware can make it to your mobile unless you download some fishy app or click on some suspicious link. Rather then focusing on security of devices alone, human vigilance is also required in cyber world (or securing bitcoins). A chain is as strong as it's weakest link, and in security of Bitcoins the weakest link is human.  
It seems your major concern is basically on human vigilance. But we can all agree that, inasmuch as human vigilance and carefulness is essential when it comes to Bitcoin security, the technological advancement in Blockchain security plays a more vital role when it comes to Bitcoin security because there are so many measures provided to enhance security even when humans are not being super careful it'll be difficult for scammers and hackers to exploit them. Let's consider the Zero knowledge proofs and the multi-signature wallets for example. If you're familiar with these technologies then you'll know that these techniques makes it almost impossible for scammers and hackers to access people's wallets.

We can equally consider development and advancements in encryption and cryptography. They are also quite helpful techniques that helps to secure the bitcoin wallet. I'm not saying Human vigilance isn't important or essential, but I stand to believe that it's not the primary as there are things that are more important.

1. Long and generic reply.
2. Zero knowledge proof basically a method to verify the data without knowing the data itself. I don't know why it's mentioned as method to secure wallet.
3. Encryption is part of cryptography.
4. Bitcoin wallet usually already use strong encryption cryptography (usually AES-256), assuming the user doesn't use weak password.

Electrum uses third-party servers for its work, and this is a potential attack vector.
I've never read about an attack by giving fake block information or something. The only thing I've seen is a server telling the user to download malware.

You are completely accurate, but I would like to offer an alternative viewpoint on this. It is true that there have been no known occurrences of a block chain attack using fake block information, but I do not believe this is sufficient evidence to conclude that such an assault is impossible. For example, if an extensive group of hackers had control over the majority of the computational power in a blockchain network, they could hypothetically generate a false history of transactions, causing widespread confusion and potentially undermining the network. Although this may be considered to be a theoretical attack, it should still be considered seriously, and I do not believe we should dismiss the likelihood of such an attack simply because it has not yet been observed in the wild.

1. Fake block doesn't make sense here. If it's fake, it would be rejected by node and thus won't be propagated across Bitcoin network.
2. Performing 51% attack on Bitcoin is very expensive and generally seen as not probable attack. So average people don't have to consider this attack vector seriously.
3. If 51% attack actuall happen, which Bitcoin wallet someone use doesn't matter here.
4. 51% attack still require the attacker to create valid transaction and block, so term "false history of transaction" doesn't make sense here.
5. This reply is off-topic since the thread title is "Why can't I retrieve the private key for my bitcoincore wallet address?".

if an extensive group of hackers had control over the majority of the computational power in a blockchain network
In the scenario of a 51% attack, neither Bitcoin Core nor Electrum is going to help you.
A 51% attack would undoubtedly pose quite a serious problem for any Blockchain, regardless of the software used to access it. As a matter of fact, both Electrum and Bitcoin Core are only designed to operate on an assumption that the underlying Blockchain is secure, but that doesn't mean they provide an assurance for security of the Blockchain from external attacks.

You're right that If eventually a 51% attack were to occur right now, both of the softwares wont guarantee user's safety or be able to protect users from the potential consequences.

But looking at it from a contrary POV, even if the softwares can't guarantee user's safety, they still won't be utterly useless in a scenario of a 51% attack, because even if the Blockchain itself was compromised, these softwares could still be used to track transactions and also verify balances. These services could stil be quite valuable to users despite the fact that they don't guarantee user's safety.

1. Saying Bitcoin Core works under assumption blockchain is secure is wrong. Bitcoin Core verify all block/TX while also can detect block reorganization.
2. Unless user send Bitcoin or expect to receive Bitcoin when 51% attack happen, there's no need to check balance or newly created transaction.
3. This reply is off-topic since the thread title is "Why can't I retrieve the private key for my bitcoincore wallet address?".

Hi,
 I have been using blockchain.com wallet to receive crypto payments without any issue since years, though in this month, the BTC deposits (funds received) in our blockchain.com wallet were all showing as normal till 6th, but today once I try to send some funds out from my BTC wallet (its still showing balance fine, and $0 in hold funds, means all funds are showing fine as balance in BTC wallet), the available balance showing was only like $30 worth of BTC, again i try to open the wallet via web (instead of andriod), but same thing, funds are showing fine as balance in the BTC wallet, but once i try to send them out in available balance they show almost none.

Any help? I have already contacted blockchain.com via their support ticket system.

Thanks.
Sorry about that Mate.
I can remember a friend of mine was having similar case some time ago, some amount of BTC was sent into his Blockchain wallet, the BTC balance appeared fine just as you stated but whenever he tried to initiate a transaction, an error message would pop up, saying there's no BTC in his Blockchain wallet. Although his own case was slightly different from yours because it was a new wallet he opened specifically for that transaction.
After much inquiries, we discovered the BTC sent to his wallet wasn't a real one, regardless of the fact that the balance was fully loaded, that was all he had, a balance load of BTC and nothing more because the BTC there was as good as worthless, they said they called it BTC balance flash, something like that.

But since you said you've been using your wallet for years now and the bitcoin was received from a trusted person, then it's possible the problem could be from blockchain.com's database. It could also be possible that there's a bug in the wallet software that's probably causing the issue so I'll recommend using your wallet from a different device or maybe you could try to reset your wallet.

You can equally just wait for Blockchain.com's reply since you've already contacted them.

1. The only somewhat helpful information is waiting for blockchain.com's reply.
2. I did quick search for term "BTC balance flash", but didn't find any relevant result. Although based on his explanation, it's probably his friend got fooled by watch only wallet.
218  Bitcoin / Development & Technical Discussion / Re: (Ordinals) BRC-20 needs to be removed on: April 08, 2024, 10:23:23 AM

I don't understand why you bring up debit card when he talked about payment processor where you can pay directly using Bitcoin and merchant can choose either keep the coin or convert the coin to fiat.


when you use the coinbase card, you're using fiat to buy something not crypto. they even say it right here on their website:
https://www.coinbase.com/card

Where is Coinbase Card accepted?
Coinbase Card is accepted anywhere Visa® debit cards are accepted, at over 40M+ merchants worldwide. If you choose to spend crypto, Coinbase will automatically convert all cryptocurrency to US Dollars for use in purchases and ATM withdrawals.


and guess why they have to do that conversion? that's right because NO ONE TAKES BTC. most merchants only take fiat. we all know that...but anyhow it's off topic to the thread i know.

By payment processor, i think he refer to Coinbase Commerce[1] instead. Their help page state customer make payment with Bitcoin or other coin[2], while their FAQ state merchant can choose either self-managed (only merchant have control over received coin) or coinbase-managed (custodial service)[3]. If merchant decide to choose coinbase-managed, they can use auto conversation (cryptocurrency to USD) feature [3].

[1] https://www.coinbase.com/commerce
[2] https://help.coinbase.com/en/how-to-make-a-payment
[3] https://www.coinbase.com/commerce/faq
219  Bitcoin / Development & Technical Discussion / Re: Introducing Secure Bitcoin Black (SBB): Revolutionizing Bitcoin Transactions on: April 07, 2024, 10:02:03 AM
Community Collaboration
As an open-source project, SBB encourages community participation and collaboration in its development and improvement.

So where is source code of this project?
220  Bitcoin / Project Development / Re: OnlyFaucet - Crypto Faucets on: April 07, 2024, 09:56:06 AM
I've left you neutral trust; I will upgrade it to negative trust if you continue illegal activities.   You do not have a free copy of OnlyFaucet; you are trying to scam OP.
He probably has a nulled version of that script, which he may include in a shell, and later, he will get access to the website or the admin panel. We never know that.

Nulled is just another term for cracked/pirated digital goods. And surely you know it's illegal to sell such stuff.
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