If I started my post (OP) and it got several replies and then got deleted by mods, as per your statement, does this mean I won't receive any single notification in my email about the deletion?
You wouldn't receive any message. When a thread is deleted, it's actually moved to trashcan and you wouldn't be any notification for that.
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I know these HD wallets can be reliable but then what ever has its advantages has its disadvantages as well and in a situation where one chooses seed phrases that are hard to memorize, what do you advise he does if the wallet is stolen or lost .
You should have multiple copies of the seed phrase and keep them in different secure places. For more safety, you can use a metal sheet for backing up the seed phrase. You can also create a multi-signature wallet. For example, you can have a 2 of 3 multi-signature wallet. In this way, you will have three seed phrases and need only two of them for signing transactions. Even if one of the seed phrase is stolen, the thief can't steal your bitcoin.
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May I ask you how have you indicate this address bc1qm34lsc65zpw79lxes69zkqmk6ee3ewf0j77s3h as binance hot wallet?
The address in question has been used many times for consolidating deposits and sending the payments to binance users. So, it's known that the address is owned by binance.
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If your thread deleted you can receive a message in your inbox about that situation.
As far as I know, you don't receive any message if your thread is deleted. You receive message regarding the post deletion only if your reply is deleted.
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Must have been when Bitcoin dropped back below $10k. I definitely remember 3 satoshi RPs, if not 4 or 5 -- can't be bothered to dig up but I believe parity was at $10k. So we're actually still getting a lot more value now for satoshi redemption.
According to an old post made by TheQuin, each RP value is 3.75% of the base reward. Since the base reward is $0.002, each RP should worth $0.000075. Currently, bitcoin price is 21,000 dollar and each RP should worth 0.36 sat. Since there are no decimal places for 1 satoshi on freebitco, the RP value has been rounded to 1 satoshi. If bitcoin price drops to less than 5,000 dollar, RP value should change to 2 satoshi.
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Binance (the scam site that tries to trick people by offering 3 different made-up tokens as Bitcoin) charges 50k sats for Bitcoin Segwit withdrawals! The information shown there is wrong. Before, they had two different options for withdrawing real bitcoin. One was "Bitcoin" and the other one was "BTC(SegWit)". Now, they have only one option for withdrawing real bitcoin which includes both legacy and segwit addresses. The withdrawal fee for that is 0.0002 BTC. I am not saying the withdrawal fee on binance is low. They are charging very high fee.
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Bitcoin is truly shit when it's transferred between 3rd party wallets.
The problem is not with bitcoin. The problem is with how binance made the transaction. At the time I am writing this post, a transaction paying fee of 20 sat/vbyte should be confirmed in the next block. This means that a normal transaction (1 input, 2 outputs) can be confirmed very fast with fee of around 2840 satoshi ($0.65).
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Kindly be advised your assets is safe with us. If the transaction is failed on the blockchain we will surely retrieve back to your wallet.
Your transaction may be removed from the mempool if it stays unconfirmed in the next 14 days. It can also be removed from the mempool if the mempool size reaches 300 vMB. (As the current mempool size is around 96 vMB and is far from that limit, it's very unlikely that it happens.) I think your transaction will be finally confirmed and as already said there's nothing you can do other than wait.
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I'm happy to pay you now 0.0026 BTC in order to accelerate this transaction ($60 - $70), totally mean it.
Seems that you misunderstood me. You shouldn't pay that to me. You should pay that to miners. If you want a fast confirmation, you can make a new transaction and spend the fund received from binance with that high fee. Note that you can do so, only if you have full control over the fund. If the fund in on an exchange or any other custodial service, the only thing you can do is wait.
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If it's coming to a wallet you control you can do a CPFP with a high (but not crazy) fee.
This would be very very expensive. The virtual size of the transaction in question is 1345 vbytes. It has also an unconfirmed parent with the size of 14791 vbytes. The fee rate used for the unconfirmed parent is only 1 sat/vbyte. Given that the fee required for a fast confirmation is now around 16 sat/vbtye, OP has to pay around 0.0026 sat for the new transaction.
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Without additional withdrawal fees, the whole point of bitcoin in paypal is generally lost. Otherwise, what will paypal earn on?
Even if they don't charge extra withdrawal fee, they will still earn from the spread between sell and buy prices. Of course, I doubt they process withdrawals without extra fee and like other custodial services, they will probably charge extra fee.
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I believe the fee is paid for each 20 transactions which would make it $0.75 per tx for a very optional feature that people don't have to use and most users don't.
Right. The fee of 0.0005 BTC is paid for 20 transactions. You can also pay 0.00125 for 100 transactions [ Ref.]. In this way, the fee paid for each transaction would be only $0.375.
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One can always contact the support......
I just contacted their support and asked them the derivation path they use for bitcoin. Let's see if they will reply to my email.
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And I feel a bitcoin address will be good forever.
But if you want privacy, you need to use a new address for every new transaction. That's what recommended by bitcoin creator too. For greater privacy, it's best to use bitcoin addresses only once.
And changing them at every new payment and then throwing them away forever makes me feel like a huge bitcoin-addresses-waster (although I know there can be 2^160 addreeses).
Even if you create millions of addresses and never use them, you don't waste anything.
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What exactly do you mean by waste? Generating some addresses only took few miliseconds and you only use extra few KB to store it on RAM/storage.
I feel OP (wrongly) thinks that there are limited number of addresses. They will all be used if people generate a new address for every transaction and eventually there won't be any new address to be generated.
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I know there are a lot of them and maybe we won't use them all
It seems that you don't know how addresses are generated. It's not that there's a big list of addresses and every time you generate a new address, you pick one from the list. If you worry about generating an address that has already been generated by someone else, note that in theory it can happen at any time. In practice, it will never happen.
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What options were there in 2009 before bip39 was used?
Even now, BIP39 isn't a part of bitcoin rules and you always have to sign the transactions with your private key. A BIP39 wallet derives your private keys from your seed phrase and use them for making transactions. In 2009, there was no seed phrase and people had to backup the wallet file or save their private keys.
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I just visited the website in question to see how it works. It's a scam. Don't waste your money and time on that website. You can't mine bitcoin just with opening a website in your browser.
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By the way - was there any discussion if freebitco join "LN casinos" and will accept LN deposits/withdrawals?
Click here and read the post made by TheQuin regarding implementing lightning network a year ago. I doubt they have changed their mind.
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but they've been around quite some time and I haven't heard of them being scammers before.
There are several scam accusations made against them. Visit trust page of ChangeNOW.
To OP: Your post doesn't prove anything. You should tell us what happened exactly. How did they scam you?
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