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I'm thinking of implementing a little project of mine, which involves depositing and withdrawing coins to / from my lightning node. I don't have the resources to run this from my home (and I neither want to), so I'll have to trust some intermediary (i.e., VPS or simple web hosting) for not messing up with my money. The intermediary will not hold access to my lightning funds, but they will have access to the mysql database, which will list every user's balance.
I'd like to read some recommendations on which service I should use. I need the server to run php and mysql.
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Second, we have been running for 6 years, that's long enough, we have no incentive to go offline. Don't you think it's hypocritical to call your product decentralized respecting, and requiring your presence at the same time? Neither does Coinbase has incentive of going offline, but shit happens. Shouldn't the average user be able to do this alone, with their family member, when your service shuts down? Also, I'm sharing the same thoughts with dkbit98 and examplens. What's the phone number for? In your website, it says "Social recovery with phone number and PIN". Is it compulsory? I don't want to give my real phone number, and I neither want to give a temporary that isn't mine, because then the third party can recover the wallet. I'm preparing the review, so I'm trying to figure out what's wrong. |
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Can't even answer a question. Idiot.
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As was discussed in PM.
Bitcointalk rank: Legendary
Lifetime earned merit: 5756
Bech32 address: bc1qgyvqu6t33p2cdfqp8pucym8tggzexx87nraslz
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What is the recommended open source OS besides Linux and for phones? Don't use a mobile OS that isn't linux based. Rule of thumb. As already explained, nothing is nearly as stable as Android, let alone as maintained. The real question is which mobile, Android based OS you should use. That's a never ending topic for discussion, but I have come to this conclusion: de-googled or open-sourced google-based OSes (which are what portrait themselves as safer alternatives) are quite frustrating to use. Depending on your preferences, it's most likely that in such OSes you will face a lot of trouble (especially de-googled). But the main problem, in my experience, is that they aren't available for the vast majority of mobile devices. |
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The following makes a great breakdown of these term: - https://github.com/bitcoinbook/bitcoinbook/blob/develop/ch05.asciidoc (this one talks about deterministic wallets as well) - https://learnmeabitcoin.com/technical/checksum (already shared above, great site for learning the technical parts) Or you can throw a dice 128, 160, 192, 224 or 256 times and record it in binary. Sounds too many. Each dice roll gives about 2.58 bits of entropy if you apply Shannon's equation. Throwing it 50 times will generate ~129 bits, which are enough. Fun fact: Throwing it a hundred times would suffice, even if the dice is very biased. Proof: Suppose the probability of resulting 6 is 1/2, instead of 1/6. This means that on average, in every two rolls, you get a 6. We know that: for i from 1 to 6: Σpi = 1
=> p1 + p2 + p3 + p4 + p5 + p6 = 1
=> p1 + p2 + p3 + p4 + p5 = 1 - p6 = 0.5
=> p1, p2, p3, p4, p5 = 1/10 Equation becomes: H(X) = - (p(1)*log2(p(1)) + p(2)*log2(p(2)) + ... + p(6)*log2(p(6))). For i=5, p(i) = 0.1 (for i < 6), that's equal with: -Σip(i)log2(p(i)) - p(6)log2(p(6)) = 1.660964 + 0.5 = 2.160964.Rolling it a hundred times would give you about 216 bits of entropy. Please correct me if I'm wrong somewhere.
Went a little bit off-topic, but it does good to refresh your math knowledge once in a while.  |
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Yeah, that's like top tier franky shitpost. So, throughout the years of non-stop whining about what the developers should do, he writes up one morning "I have written my own client". Lol. Nope, I'm not buying that. I'm feeling deja vu. I do had asked him to give me the code of his client before, because I wanted to read it. Apparently, I can't read it, because it doesn't exist. You're the most disgusting person in the entire crypto-space. Far worse than Wright or Ver combined. I get the annoyance, but that sounds extreme. Dumb people are nonthreatening. Wright and the other pedophile have actually attacked Bitcoin. Astronomical amounts of shitposting don't reach that, because effecting change requires taking action. Merely complaining without purpose won't take you anywhere beyond your couch. |
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you are the ultimate troll that are again spouting silly rhetoric trained on you by an idiot mentor of yours that makes you think those that dont treat core as god must be a fork coin lover You know you have to stop calling someone "trained" and lacking critical thinking, simply because they don't agree with you. Just point out where he's wrong. have you ever tried to question your gods in a critique way, instead of pandering to their gospel Have you ever attempted to actually answer us the ideal way of running Bitcoin? Without rising the block size limit every once in a while obviously, that isn't reasonable. The only thing I've been reading from you since my registration is "devs don't look that", "devs don't fix that", "devs shouldn't write that" etc. Telling us what the fuck version of Bitcoin you've been running would be a nice start. We know it isn't Bitcoin Core as the Core developers are like, the Darth Vader of Bitcoin in your little head, and it isn't Bitcoin Cash and Bitcoin SV either. So what the fuck are you running, kindly asking. by the way there have been other devs not corporate sponsored and not part of any numbskull pigeon hole group you want to put people into who have made other subnetwork bridges with far more capacity and liquidity than LN, Telling us who they are, would be the next step. Who are they? Don't just tell us they exist. Point them out. |
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Now imagine ECB launching CBDC and making a smart contract that forbids your wallet from sending money to well-known CEXes like Coinbase, Binance, Kraken etc. Good. So that means we'll have an abrupt rise in peer-to-peer exchanges like Bisq. Again, there is no way to stop me from buying bitcoin, unless you enforce me to justify every transaction I make, and even that way, you can't know I'm lying. Of course people will be ingenious to find other -roundabout- solutions: I can buy a highly-sought product (let's say a PS5 or an iPhone*) with CBDC and then sell it in the black market for BTC. That's very roundabout. Just sell it peer-to-peer, and you can even select a premium price. In fact, I have never sold bitcoin without a premium price once. I'm regularly charging an extra 5% whenever I'm not in hurry, and a 2% when I'm in hurry. People buy those. |
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i'm not saying i think bitcoin will go to 0 but why does it have to appreciate in price above where it is now in order for it to succeed? Depends on how you define success. If you think global adoption will mean success, then it probably has a long way to succeed. If you need it to transact online, privately, permissionessly, etc., then it has already succeeded. I'm getting the impression most of us in here would prefer the former, than merely staying an irrelevant, Internet currency, because we're financially invested. But please take a moment and appreciate what it has already offered to us. i would think a more rational measure of success would be on its different use cases of which I only know one. holding it hoping the price goes up. i think some people might actually use it to transact such as buying things but i would say they are a minority. Actually, I think the fact that a minority uses it to buy stuff, proves itself as superior money. |
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By "run the software non-stop", do you mean "run Electrum non-stop"? If so, it doesn't seem very reliable since Electrum (the wallet software) still need to rely on Electrum server. Correct, but if you're connecting it to your full node, then I'm supposing you won't have any reliability issues. It's a trade-off between convenience and risks, and with LN, I choose convenience. But I wouldn't risk more than (say) $50. Yeah, you can't do much in lightning with just $50. I mean, if you open a $50 worth channel with someone, chances are, they aren't big in liquidity. So you're probably going to have lots of failures. So questionable convenience. (also, $50 are easily spendable, you'll quickly need another channel) |
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These two statements seem to be at odds with each other. You can't detect AI produced text, but newbies who just want to make a few bucks are easily detectable, because they don't utilize it properly. For instance, they don't request to use some different dialect. Anyway, what matters first and foremost as far as forum reports are concerned is if a post is spam or not. If it contributes nothing of substance and is suspected to be written by AI, it stands a much higher chance of being deleted than if it is just suspected AI. Usually, I notice AI posts when they respond with much more content than required. A newbie making four paragraph long posts, is quite suspicious. |
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Αlso when all the countries do not have their CBDC, how will they operate within the countries? One contury want to trade in fiat while other in CBDC  Or will the people be allowed to buy bitcoin through CBDC CBDC is pretty simple in concept. Money that is exclusively available digitally. There will be no difference, other than the lack of physical currency (i.e., banknotes). You cannot understand the difference when trading fiat with CBDC electronically; it'll be like trading national currencies via some Internet broker. I don't understand how a CBDC can completely forbid its users from buying bitcoin, unless there has to be a justification for every transaction happening, which besides utopian is neither going to work in practice. |
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Well that's what they said on Internet before, there are a lot of uninformed individuals and then it's enemies said that it is just a fad. I've always like that analogy. I mean, remember the Internet FUD, and then realize that Bitcoin's FUD is even greater than that. I don't want to sound very optimistic, though, because I think the Internet is more useful than bitcoin. We have seen the negative marketing all the time and the biggest medium to do this is through news platforms. Yeah, but how often is that happening anymore? I mean, we're like in mid 2023, and the price is barely moving due to news nowadays. |
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We can't actually. That's one of the reasons people are afraid of deep learning. The better it is, the less capable we are at distinguishing it. If you write a program, that learns how I'm writing, responding, which are my preferences, interests etc., then you can clone BlackHatCoiner. At that point, only my digital signature will be sufficient for proving I'm indeed me.
But at the moment it isn't so concerning. I'm myself detecting and reporting newbies who use ChatGPT. But we won't distinguish that forever. I suspect that, at some point in the future, there will be users talking, who will not exist.
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But I don't know of bitcoin address, and I don't think the bitcoin will enter the ungenerated address. There's no such thing as "ungenerated address". All addresses are generated. What counts as "generated" to you, is an address with a known private key. But they all exist, hence are generated. Even LoyceV's shared "burning address" tool, is actually generating addresses; it just skips the private key part and chooses the RIPEMD-160 hash instead of producing it with some SHA-256 hash of the public key. All Bitcoin addresses exist, and that's the way you should see it. We just don't know who holds the key for which. |
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If I am using Electrum for lightning payment, is it your coin? Yes. When using lightning in Electrum, you're actually running a lightning node, therefore it's self-custody. This presentation shows briefly how it works. The tl;dr is that you're not forfeiting the ownership of your coins to some third party, but due to the nature of lightning, the user should pay a watchtower to watch for cheating attempts, unless they're willing to watch it themselves which requires to run the software non-stop. |
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You either come into business to earn money, or you pretend that you have a lot of moral principles and are left without earnings.
Calm response: I'm not pretending I'm having moral principles. I'm not a hypocrite of that kind. I'm actually living by some morals, lots of which I wouldn't compromise for a short-term profit. While I hadn't considered cryptocurrencies from this perspective before, observing the altcoin industry and recognizing that I don't truly value what I own, getting involved into that market for profit only would be a moral compromise. But then I suggest that you give up everything altogether, from fiat money, from banking services, because these are also a kind of fraudulent schemes where some are deceived, and others earn money on it. I mean, completely irrelevant? I cannot control how fiat currency works, nor do I have the expertise to; I'm living in a world where it works as is, and I'm forced to use it. However, I'm definitely not forced to attempt to profit from purposeless, financial schemes. |
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There are none, with rare exceptions. I don't want to hold or trade something that has no utility. It's just a principle I live by, where I only want to possess items that truly demonstrate their value and usefulness. This can be extremely challenging sometimes, especially when it comes to things beyond cryptocurrencies. Verifying whether a habit or a product is as useful as I imagine it to be is an ongoing process. It challenges my values and reminds me to prioritize what truly matters every day. The whole point of the altcoin industry is to force the crowd to buy some kind of shitcoin, while seasoning it with some kind of another legend about utility, breakthrough technology, solving some global problems and other nonsense.
Why would I want to be involved in this fraudulent scheme? Acknowledging it serves no real purpose and is just a scam with fancy-sounding words, making money out of it means being part of the deception too. I believe screwing my morals in such a way is probably one of the last things I would do when I'm in need of money. |
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You can make one yourself, to avoid being caught for buying one. Just buy yourself a Raspberry Pi zero, a WaveShare LCD display, a Pi zero compatible camera, a micro SD and with a little DIY hand-work, you've made a SeedSigner, which if you're asking me, it's better than a hardware wallet as it's really airgapped. But, true, if it's illegal, better just get yourself an airgapped machine with Electrum (preferably using Tails as it comes pre-installed). |
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