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2681  Alternate cryptocurrencies / Altcoin Discussion / Re: I hope paper wallet gets a rebirth on: February 23, 2022, 08:09:32 PM
................no matter how hard I think about it paper wallet feels safer what about you?
If you generate and use a paper wallet in the correct way, it's secure.

- The private key (or the seed phrase*) should be generated on an air-gapped device.
- You should make sure that the keys has been generated completely random.
- You shouldn't use a tool you don't know exactly how it works.
- The private key (or the seed phrase) should never touch the internet.
- You should keep the paper wallet in a secure place.
- It's recommended to have multiple copies from the paper wallet and keep them in different places.
- For more security, you can use metal sheets instead of a paper, so it's resistant to water and fire.


*By old definition, a paper wallet includes a single private key and single address. But you can generate a seed phrase instead of a single private key and have numerous addresses. With multiple addresses, you can protect your privacy.


To know more about paper wallet click here bitcoinpaperwallet(dot)com
This website is a scam and no one should use it.
Visit the following topics and see how they have scammed their users.

bitcoinpaperwallet[.]com is a scam
Why has my newly created Bitcoin address already been used?

2682  Bitcoin / Wallet software / Re: Can wallet providers see what's in my non custodial wallet? on: February 23, 2022, 07:44:00 PM
If you use a SPV wallet (a wallet in which you don't need to download the full blockchain), the server you connect to has the ability to link your addresses with each other and to your IP address.

Let's say you have created an HD wallet with numerous addresses in electrum (the best SPV wallet I know). Since electrum is a SPV wallet and you don't have the full blockchain on your device, you have to connect to a server for getting data from the blockchain. The server you connect to can know all the addresses belong to a same person and also link them to your IP address. There is no guarantee that this server won't share this information with others.

If you want more privacy, you must use bitcoin core and run your own full node.
2683  Other / Beginners & Help / Re: I was wondering will 21000 million satisfy? on: February 23, 2022, 07:22:22 PM
Currently it's new minted coin of 6.25 bitcoin per each successfully validated transaction.
Currently, miners can claim 6.25 BTC for every block they mine. This reward isn't for validating transactions. There are many full nodes validating transactions and helping the network without getting any reward for that.
A miner can solve the proof of work problem, broadcast a block without any transaction and get the 6.25 BTC.


Now will the fee be encouraging enough as the only reward then will this spring up inflation in transaction fee or will miners stop?
As stated by Charles-Tim, the block reward has decreased from 50 BTC to 6.25 BTC and mining is still profitable. That's 87.5% decrease in block reward.
The following image shows the total hash rate change over the time. As you see, we reached a new all time high a few days ago.


Source: blockchain.com


and if miners stop what will happen to bitcoin
Anyone who can't make profit stops mining. This causes the difficulty to decrease and mining becomes more profitable for others.
2684  Bitcoin / Electrum / Re: Searching for a tool that cracks a seed when i give it the right words [recovery on: February 23, 2022, 11:18:32 AM
It's a game of a faucet where you have to solve a word puzzle to find all the words of the seed and then bring them in the right order.
Most probably, no combination of those words corresponds to a funded wallet.
Even if there's a funded wallet with those words, as already mentioned in previous posts, it's impossible to brute-force the seed phrase. Those who gave you the words knew this very well.


The instructions of this game tell to download the Electrum Wallet so i have thought that it was created with Electrum.
Hope they didn't give you a link to a fake website and you have downloaded electrum from its official website.
2685  Bitcoin / Bitcoin Technical Support / Re: Moving a wallet from Armory on: February 23, 2022, 12:11:25 AM
I've attempted to export my key, but when following the instructions above, there is no option to backup may wallet when I highlight my wallet and click 'wallet properties'.
Can you share a screenshot from the new window that pops up after clicking on "Wallet Properties" button?
You should see "Backup This wallet" option at right side of the window.

Note that, since you are a newbie you can't post image. Just share your image on an image hosting website like imgur and post the link here.
2686  Bitcoin / Bitcoin Technical Support / Re: Moving a wallet from Armory on: February 21, 2022, 01:14:45 PM
Or if you are having just little amount, you can consider using Electrum wallet by importing the master private key or the child keys, which is the extended private key.
There is no master private key to be exported from Armory.
Armory generates child private keys in a different way. It doesn't use the BIP32 standard which is used by electrum and many other wallets.
So, if you want to import an Armory wallet to electrum, the only option is to use child private keys.
2687  Other / Meta / Re: Admin! What's wrong ? Copper membership not updated. on: February 21, 2022, 12:33:51 PM
Paid amount: 0.0005 BTC (more than asked)
You haven't paid more. You have paid less than the required amount and that's why you can't wear copper membership.
According to the image you posted, you have already paid 0.0005 BTC and you need to pay 0.00006996 BTC more to be able to wear copper membership.
2688  Other / Beginners & Help / Re: Where to use report to moderator? on: February 20, 2022, 09:23:28 PM
If I use it, will I face any problem?
No. Why should you face a problem?
If you think a post has been made against the rules, report it to moderators. This will help the forum and the community will be so thankful to you.
You can also write a short comment and tell moderators why you believe the post is against the rules.

I recommend you to read the good guide made by welsh.
[Unofficial Guide] Reporting effectively

And note that once you reach 300 good reports, you will be able to see your report history.
2689  Bitcoin / Electrum / Re: Electrum 2FA vs Electrum Cold Storage on: February 20, 2022, 08:28:10 PM
But while using 2FA on Electrum, the seed phrase is not stored on the wallet (I am not sure if the seed phrase is stored on the wallet file). If the 2Fa app is on another device, I think this is secure enough also, but TrsutedCoin do request for extra fee which can be discouraging as you mentioned.
You are right. The seed phrase isn't stored on the wallet file. But there's still the probability that your computer is compromised and your seed phrase is stolen when creating the wallet.
Even if the wallet is 2FA, it should be created on an air-gapped device.

For having a secure 2FA wallet, you should:
1. Create the wallet on an airgapped device
2. Move the wallet file to an online computer
3. Register on trustedcoin
2690  Economy / Web Wallets / Re: Ever have any issue with coinbase before? on: February 20, 2022, 07:58:36 PM
but someone told me he is been using this wallet since 2015 with no issue
This doesn't mean Coinbase is secure.
It's true that the person you are talking about hasn't had any problem with coinbase till now. But there is no guarantee that there won't be any problem in future.
Now coinbase is showing him a number as his balance and promise that he will be able to withdraw that. This promise can be broken at any time.
2691  Other / Beginners & Help / Re: All in one learning about binance, KYC, wallets pls guide me on: February 20, 2022, 07:26:57 PM
1. How to do wallet transactions, and how it feels like.
I think your question is how to send the fund from binance to your wallet.
In the case I am getting you correctly, you open your wallet, copy your address, go to binance and make a withdrawal to the address you copied from your wallet.


2. How swap takes place in wallet like trust wallet.
Using swap feature in trustwallet, you can trade some tokens.
Just note that both pairs must be on the same network. For example, you can trade two ERC20 tokens or two BEP20 tokens with each other. You can't trade bitcoin with ethereum.
2692  Bitcoin / Electrum / Re: Electrum 2FA vs Electrum Cold Storage on: February 20, 2022, 06:38:21 PM
I understand that HD wallet is the most secure.....
The advantage of HD wallets is that it can give you numerous addresses and increase your privacy, not your security.


but if the only options were Electrum with 2FA and Electrum using cold storage which one is more secure and why (or maybe they're equally secure)?
A cold wallet without 2FA is much more secure than a hot 2FA wallet.

Even if your wallet is 2FA, there's still the chance that your seed phrase is compromised and your fund is stolen without any need to 2FA code. You should always generate and keep the seed phrase (or your private keys) offline.
With 2FA, you also have to pay additional fee to trustedcoin.
Also note that 2FA is useless if you install the authenticator application on the same device as your wallet.
2693  Other / Meta / Re: Recover hacked account. on: February 20, 2022, 06:26:18 PM
I registered the same email for a blockchain wallet but the problem is that I forgot the password and didn't back up the data.
Do any of the addresses you posted before come from that blockchain wallet?
If yes, try to remember the password or brute-force it. Then you will be able to sign a message and recover your account.
If no, even if you find the password associated with your blockchain wallet, it can't help you recover your bitcointalk account.
2694  Other / Beginners & Help / Re: Totally newbie bitcoin user question on: February 20, 2022, 12:16:39 PM
Could I am poured one wallet to another wallet and then the wallet that I am poured into would have the balance from the other wallet? Also, where do the fees  come from when I’m buying bitcoin? Because as I said earlier when I did my mock order, I was still only paying $50, which is how much I said I wanted to buy in the first place. Are  fees assessed in the amount of bitcoin that I received, meaning I would receive less due to fees?
You need to know how a bitcoin wallet works.
Your bitcoin are on the blockchain, not on your wallet. Your wallet only include your keys and use them for making transactions. All your keys (private keys, public keys and addresses) are all derived from your seed phrase.
When you export your seed phrase from a wallet and import it into another wallet, you actually move your keys to a new wallet and use the new tool which does the same thing. In this case you don't make any transaction. The balance that is shown in your old wallet can be seen on your new wallet too.


I would receive less due to fees?
Yes.
2695  Bitcoin / Bitcoin Discussion / Re: Bitcoin recovery agent on: February 20, 2022, 11:10:41 AM
I don't know which Dave that person said, whether he succeeded or not, it's clear from his words that he seems very happy because his Bitcoins can be recovered.
Dave is the owner of walletrecoveryservices and has an account here on the forum.
walletrecoveryservices can be helpful for brute-forcing a password (if it's weak or you know a part of it) or the seed phrase (if you know a part of it).
OP's case seems to be different. No one can recover the fund sent to a scammer.
2696  Other / Beginners & Help / Re: Totally newbie bitcoin user question on: February 19, 2022, 12:51:26 AM
I don’t think it matters how quick anything happens when I’m buying bitcoin, because it doesn’t look like I can choose any faster or slower method for that matter when I’m buying it. Is that correct?
Correct.
You can have control over the fee when you make a transaction yourself.

So what can I do to get away with having no fees, or little fees when I buy bitcoin?
As I said in my previous post, the fee you pay when buying bitcoin varies from one service to another. It's usually a percentage of the total amount of bitcoin you buy.

another question though that  may answer my earlier question, if I import a Wallet from another service into a service, would that wallet contain the transactions that I have made with it? Like if I do it on an app that charges me no fees, could I import that wallet into my primary bitcoin use app?
For making any bitcoin transaction, you have to pay the network fee.
If you import your wallet from one wallet to another one, you don't make any transaction and you don't pay any fee.
2697  Other / Beginners & Help / Re: Totally newbie bitcoin user question on: February 18, 2022, 07:25:24 PM
--------------------------
Third parties like moonpay or any other service usually charge you fee when trading bitcoin with fiat. It varies from one service to another service.
I haven't ever used moonpay and I don't know how much fee they charge you.

The other fee is the fee you pay for making a transaction. That's called transaction fee or network fee.
Note that bluewallet or other non-custodial wallets don't charge you any fee for the transactions you make and all the fee is paid to miners.

The transaction fee depends on following factors.

1. How fast you want you transaction to be confirmed
2. The network state
3. Number of inputs and outputs.
4. Addresses type.


What would have the lowest amount of processing/network fees?
The minimum fee rate you can use for a transaction is 1 sat/vbyte. Therefore, the minimum fee you can pay depends on number of inputs and outputs and addresses type.
Note that with paying the minimum transaction fee, there's a probability that your transaction takes a very long time to be confirmed.

Assuming that you have received all the fund in a single transaction and you want to spend all the fund to a single address, your transaction has 1 input and 1 output.

If your address is legacy (addresses that start with 1), the transaction size would be around 230 vbyte and the minimum fee would be around 230 satoshi.
If your address is nested segwit (addresses that start with 3)*, the transaction size would be around 160 vbyte and  the minimum fee would be around 160 satoshi.
If your address is native segwit addresses that start with bc1), the transaction size would be around 140 vbyte and the minimum fee would be around 140 satoshi.

Note that if your transaction includes more inputs or more outputs, it will be larger in size and you have to pay a higher transaction fee.


* Not all address that start with 3 are nested segwit.
2698  Economy / Scam Accusations / Re: wap.hotcap.top which claims to be a hotcoin pro. on: February 18, 2022, 04:47:46 PM
I made some profit using a guidance of one person I never met before.
You didn't make any profit.
They only showed you a fake number as your balance. In fact, you didn't have any bitcoin.

They said I have to pay 23-25% taxes to be able to withdraw the money.
Any service asking you to make a deposit to be able to withdraw the fund is a scam.
Don't waste more money and your time on that website.

Managed to withdraw 200usdt from there for the first time
I am pretty sure the fund you deposited is much more than that 200 dollars.
And note that even if such services give you some money, they are still scam. That's how ponzi schemes work.  
2699  Bitcoin / Bitcoin Discussion / Re: Is 51% attack only possible on the latest block? on: February 18, 2022, 11:33:30 AM
If someone has more than 51% of the total hash rate, they are even able to reverse transactions with so many confirmations. Note that this is just in theory and it's very very unlikely that someone can perform such an attack.

Let's say the latest block that has been mined is block number 1000 and the attacker wants to remove/change a transaction from block number 950.
The attacker has 60% of the total hashrate. The attacker mines the block number 950 while the other miners are trying to mine block number 1001.
With the 60% of the total hashrate, the attacker is able to mine the blocks at a higher rate.
After some time, the attacker's chain will become longer than the chain mined by honest miners and becomes the main chain.

Again, this is only in theory and it's not practical.
2700  Bitcoin / Armory / Re: Transaction History Scan, fails on: February 18, 2022, 12:44:45 AM
How are you sure that your Bitcoin core is not running in pruned mode?
That doesn't seem to be the problem.
According to the Armory log that has been posted in the OP, 531708 blocks were scanned successfully.
If prune mode was enabled in bitcoin core, those blocks data wouldn't be available and Armory wouldn't be able to scan any block.
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