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2681  Bitcoin / Development & Technical Discussion / Re: Is it possible to have a non-custodial checkout without running a full node? on: June 14, 2022, 02:37:15 PM
You can also use something like this: https://www.npmjs.com/package/bitcore-lib

Personally I would do something like mocacinno suggested, but there are other ways too.
Also, the amounts you would be getting should change your approach.
Many small payments you might be better off using a BTCPay server. There are places out there that will host them for free or very little money.
A few large payments, then you may want to actually go for a full node and just deal with the cost and issues because it is for larger amounts of money.

-Dave
2682  Economy / Service Discussion / Re: Coinbase to Lay Off 18% of Workers on: June 14, 2022, 02:20:24 PM
So long as they don't fire the 1 person working for customer support.

Makes me wonder how many of these were / are and I don't have an exact way to put this. "Needed layoffs but we didn't have a reason" other then we don't have something for you to do today.
Many companies shrink staff when projects are finished or when growth slows. Tech companies, don't always do this but look for 'a reason' to shrink staffing.

It would be a lot tougher to go to staff last year when BTC & crypto were booming and tell them you are laying people off because they are not needed.
Now with everything plummeting in price and all the losses, it's easier to show people the door.

-Dave
2683  Bitcoin / Bitcoin Technical Support / Re: [INFO] Citadel Node - Discussion, issues, solutions on: June 14, 2022, 11:30:17 AM
Tried it a while ago and could not get it to work. Was going to post about it but got busy and forgot till I saw your post.

To tell the truth I was also slightly annoyed at their attitude.
Also at least some of the 1st lines of text in the umbrel github tell you that it's not secure and give a link to why.

Quote
Umbrel is currently in beta and not considered secure. Please see SECURITY.md for more details.

In several places unbrel mentions it's beta and you can lose you funds and so on.

If it does exist in citadel I missed it. But, once it would not run I didn't look that hard.

Will give it another shot when I get a RPi freed up for use.

-Dave


2684  Bitcoin / Bitcoin Discussion / Re: Several reasons explaining the Crypto Price Crash (without BS) on: June 14, 2022, 11:15:17 AM
This is not the first of the crash and price plummet, it has happened in 2014 and 2018, so this time it should not be what is special, but people will all the time link false information to false information. I remember the time of cobkd too, bitcoinmfalled from $10500 to 3800, they said it was covkd that caused it, thy have forgotten that bitcoin.also crashed to $3800 in 2019. After the crash in 2020, still during covid-19 botcoin increased back. The crash now is not because of Luna in my opinion, it is because we are in bear market which may last until next year which should be mildly bullish.

There was no raise of interest rates since 2007-2008, i.e. it's 14+ years now.
This is the main element that is changing everything.


Not at all. US interest rates have been low for certain things for 14+ years. Other parts of the world have not. BTC is worldwide and does not stop at the border.
Rates have been going up and down for a while on investments even in the US
https://www.treasurydirect.gov/indiv/research/indepth/ebonds/res_e_bonds_eeratesandterms_eebondsissued051997_042005.htm

Most people can see that this is part of a boom / bust cycle AND can also see that there are a lot of similarities to the past ones.

-Dave
2685  Bitcoin / Bitcoin Discussion / Re: Bitcoin and Crypto Winter on: June 13, 2022, 06:23:21 PM
Something along the lines of if you can't stand the heat get out of the kitchen.
Every time the price drops you see the same posts here, time after time, cycle after cycle.
BTC is not going to zero. Nor is it going to be $250000 next month.

Crypto winter is just part of the cycle. Just like winter is part of the seasons. It will come around and then change to spring then summer and then fall and then back to winter again.....

-Dave
2686  Bitcoin / Bitcoin Technical Support / Re: Binance BTC Withdrawal getting stuck - what's the best thing to do? on: June 13, 2022, 12:02:43 PM
It has also an an unconfirmed parent with the size of 14791 vbytes.
The fee rate used for the unconfirmed parent is only 1 sat/vbyte.
I didn't see the unconfirmed parent. Shame on Binance!

I missed that to, in truth I didn't even look to miss it. Is this common for Binance to do this?
I don't use them anymore so I don't pay attention but it just seems odd to have an exchange sending coins like that.
One would think that it's easier to spend a few extra sats then deal with the customer complaints....

-Dave

2687  Bitcoin / Bitcoin Technical Support / Re: Binance BTC Withdrawal getting stuck - what's the best thing to do? on: June 13, 2022, 11:16:50 AM
If it's coming to a wallet you control you can do a CPFP with a high (but not crazy) fee.
If it's just going to another exchange you just have to wait.
Since there are a ton of payments in that TX you can hope that someone else wants it quick and does their own CPFP.

CPFP = https://bitcoinops.org/en/topics/cpfp/

-Dave
2688  Economy / Service Discussion / Re: Bitrefill's new bill pay service on: June 13, 2022, 11:07:46 AM
1) Still can't pay my cable bill no update on that.

Completely unrelated to Bitrefill, but I thought that nowadays they can just debit the bill from your bank automatically? Huh


Security issue, you should NEVER allow a biller to pull from your bank. You should only initiate payments from your bank to them.
Many times banks and other businesses have made mistakes and pulled too much from peoples accounts.
As a rule since it usually only happens to a few people it does not make the news like other things, but I have seen it now and then.
I pay what I can on CC and then just pay that bill, but since I have been testing their bill pay service this was one of many bills that I was testing.

-Dave
2689  Bitcoin / Mining software (miners) / Re: Trying to run my own CKPOOL solo pool with with no luck on mainnet on: June 13, 2022, 02:54:18 AM
My vps is 4 core and 4gb ram. Should not be having this issue right?

Are you running both BTC and the pool and all the other services on 1 box? if so 4GB is probably not enough.
It should work but performance is going to suffer. 8GB at a minimum IMO?
How much space do you have configured for swap?

-Dave

2690  Bitcoin / Mining / Re: Solo mine / sovereign individual on: June 13, 2022, 12:01:33 AM
Take a look at: https://github.com/Coleganet/Coleganet-Pool-Install
It is an installer for yiimp which has been around for years.
You will need a fairly good knowledge of linux and as others have stated a good working knowledge of BTC / crypto.

Make sure you have several fast routes to the internet for block propagation in case you find one.

Keep in mind using some quick back of the napkin math, and I'm sure others will correct me if I'm wrong with the current difficulty with 10 S9 units with average luck you should hit a block in about 30 years....

-Dave
2691  Economy / Collectibles / Re: Just a video about how bad some security holograms are on: June 12, 2022, 08:30:42 PM
wonder if that would harm a private key printed on regular paper. I use Revla paper (thanks to DaveF) and I am sure that would not be affected by this method. makes me question any second hand coin now...
I’m going to slap a laser jet printed QR code and an ink jet printed QR code under some holos and try this myself as I’m curious. I’ll send you a vid/pic of the QR codes and holos when I’m done and we shall see what they look like after and see if they are readable.

Try with the 99.5% if you can find it. In theory it will unstick the hologram the fastest while doing the most damage to the ink and paper.
If the QR survives that then you know that the lower concentrations would not harm it.
Obviously it would be best if we could test many types of paper & printers and inks and so on.
But that is just not going to happen.

-Dave
2692  Economy / Service Discussion / Re: Bitrefill's new bill pay service on: June 12, 2022, 08:21:03 PM
So been using it for a while now. Some thoughts.

1) Still can't pay my cable bill no update on that.

2) Does not store account numbers. Good in that it gives you more privacy, bad in the fact that it's a point of failure on the users part when they put in a bad account number but one that still passes the checks that they have in place.

3) I have had payments hit in as little as 48 hours (2 days) and as long as 120 (5 days) don't know if it's on their end or the the payees but if you need to pay something tomorrow this is not for you.

Still don't like the 2% fee but it is what it is.

-Dave
2693  Bitcoin / Hardware / Re: Have you tried replacing the SSD in your umbrel Bitcoin Machine? on: June 12, 2022, 03:23:05 PM
Not with the pre-bult one but I did replace the one in my umbrel box.
Just pulled the old SSD and did a dd https://www.geeksforgeeks.org/dd-command-linux/ to the newer larger one and then ran gparted to resize the partitions.

DO MANY BACKUPS OF YOUR LN AND WALLET ALTHOUGH IT SHOULD BE FINE ANYTIME YOU MANIPULATE DRIVES BAD THINGS CAN HAPPEN.

If you have no funds in it then it's probably a bit less worrying since if something goes wrong all you loose is the time to re-download everything.

-Dave
2694  Bitcoin / Bitcoin Technical Support / Re: Can I run a full node without UPnP? on: June 12, 2022, 11:30:19 AM
The issue with UPnP with equipment provided by your cable / internet company is that they control it.
Some security person wakes up Tuesday and decides that they want to disable it on all the consumer equipment because of security issues. Then they do it when they get into work. All of a sudden there are a lot of people trying to figure out why something is not working.

Verizon did this a while ago. Yes they sent out many emails and perhaps a real mail but still only gave people about 45 days notice.
Which for non tech people who don't know what it is and that they had software that was using it caused a ton of issues.

-Dave
2695  Bitcoin / Wallet software / Re: What software exists to run a CoinJoin server? [Wasabi debacle] on: June 12, 2022, 11:07:17 AM
The Wasabi devs have revealed very clearly where their priorities lie: Those priorities are not with their users or protecting privacy, but solely with making profits....

Darn it. I completely forgot about liquidity. It's not like anyone wants to put their personal funds on the line to run a coordinator.

Makes me wonder if that is part of the problem. If you have to put some of your own BTC on the line and since a large amount of the funds for their coordinator did come from Wasabi themselves if they found themselves in a financial hole. And as much as we would like to think we are all good people and would donate to the cause we know that is not the case. Not defending what they did, just putting it out there to think about.

-Dave
2696  Bitcoin / Bitcoin Discussion / Re: Bitcoin privacy on: June 11, 2022, 04:52:43 PM
I know I have said it before, but until we can come up with an agreement as to what 'privacy' means this entire conversation will keep going around and around.
Then you have the issue that privacy means different things to different people and in different amounts.
And there is the entire privacy vs anonymity discussion too.

IMO Bitcoin is not private, every transaction is out there for everyone to see. It can however be anonymous. Might take some work but through exchanges that require no more then an email address and so on you can make it just about impossible to trace. But private, no.

Just a small rant but terminology is important.

-Dave
2697  Bitcoin / Bitcoin Technical Support / Re: Can I run a full node without UPnP? on: June 11, 2022, 12:41:43 PM
Yes. UPnP just takes care of mapping ports back 'automatically' you don't need it to run a node.
You should still be able to forward port 8333 back manually. Check the manual for your exact router.

If you don't forward it will still work, people will just not be able to download blocks from you*
-Dave

*Not exactly 100% accurate but the point is close enough without a long network discussion.
2698  Bitcoin / Press / Re: [2022-06-03] New York just passed a bill cracking down on bitcoin mining on: June 11, 2022, 12:40:38 PM
And due to the heat in Texas miners in are shutting down:
https://www.theblockcrypto.com/post/151084/bitcoin-miners-in-texas-have-been-powering-down-amid-heatwave-and-record-electricity-demand

So just because you can move then and in general get cheap power / rent / whatever it does not mean it's good for your business.

Sorry but that's just the way it is. Shutting down now due to heat. Shut down earlier in the year due to winter storms:
https://www.cnbc.com/2022/02/03/winter-storm-descends-on-texas-bitcoin-miners-shut-off-to-protect-ercot.html

So this is also part of the issue. Your staff still gets paid even if the mine is off, your rent still has to get paid, your insurance still has to get paid and so on.

How much are fixed costs costing them during this downtime.
Green / not green / cheap power / whatever does not help you if you can't run the miners.

-Dave

2699  Bitcoin / Bitcoin Discussion / Re: An analysis on how Bitcoin gets to 1 billion users on: June 11, 2022, 12:23:51 PM
Looks & sounds like clickbait. Wanting to get 1 out of every 8 people on the planet into BTC?
Eliminate the very young (kids under 4 or 5) those with very limited access to tech and so on you eliminate even more.

Possibly in the FAR future, but in the short and medium terms. We would need a lot more price stabilization and places (businesses) accepting it.

We here on the forum are a very small bunch of people for whom BTC is important  There are a lot more people who outside of some news blurbs have no idea about it.

-Dave
2700  Bitcoin / Bitcoin Discussion / Re: Bitcoin miners say NY ban will be ineffective and 'isolate' the state on: June 10, 2022, 01:37:42 PM
The land price in NY is one of the costliests in the world. So I doubt if NY houses any big miner. If they are forced out of NY, that will be blessing in disguise for the miners. They can simply move to Texas and probably expand their mining operations to a great extent.

But the concern here is that it will probably force some other states to take such decision if the governor of those states are not crypto friendly. It's always difficult to take the first step but the others steps just follow the first one. I am afraid that shouldn't become a trend in US.

As I posted elsewhere on the board:
Since as of last year NY had just under 20% of the total US mining and was growing:
https://www.cnbc.com/2021/10/09/war-to-attract-bitcoin-miners-pits-texas-against-new-york-kentucky.html


The land price in NY is one of the costliests in the world. So I doubt if NY houses any big miner. If they are forced out of NY, that will be blessing in disguise for the miners. They can simply move to Texas and probably expand their mining operations to a great extent.

Not even close. DOWNSTATE NY like NYC and the surrounding area are very expensive. But once you start heading north and west it's not really more or less expensive then any other state. As you get even more north you have cheap hydro power and since it's cool / cold a large part of the year it makes cooling your facility that much cheaper.
OR as 'real' major data centers have found it's better to pay more for electric and land and then use less cooling then save a few (yes a FEW) cents for KWH and have to run the coolers longer and harder.

The funny thing is New York has been isolating themselves from the financial industry for a very long time despite being where Wall Street is. They don’t even allow for a good amount of basic financial products, which in turn actually hurts its citizens rather than protecting them (which they claim is what they’re doing).

Or, it puts them in more control of the businesses that are here. I use this example since it happened to me. Black Hat / DecfCon 2011 3 of us got our debit cards comprised. We all used the same ATM at JFK when flying out.
I had all the money taken out of my account returned to me before we were back home a week later. The other 2 neither of which were NY residents even though we all used the same bank waited more then a month to get their funds returned. Why? Because of the big stick. Nobody wants to mess with the NYDFS. The carrot is you get to do business in one of the largest financial markets in terms of people and money.

NSFW how NYDFS talks to banks / financial institutions that don't follow their rules: https://youtu.be/Odd8Zdhuj9o?t=109

Which, on the other side of the coin does as you said cause a lot of people / businesses not want to be here. No argument, but the ones that do exist here tend to follow the rules.

-Dave
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