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I guess the question is do you really have to use the Muun wallet or will any wallet work?
I didn't check yet, going to later today but was just wondering why that one vs my own running on my own node.
-Dave
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...
that said, certain exchanges that already have the bitlicence love it. because it becomes a barrier of entry for other/new businesses.. meaning less competition. meaning NY customers are forced to use the limited amount of licenced services meaning those licenced companies get a large share of user-base, compared to a free-for-all situation where licences are not required.
yep those exchanges with a bitlicence are few yet they get the benefit of serving majority of NY users without much competition. its why they didnt really push hard to stop or atleast tweak the bitlicence to be less invasive....
True with a BUT. It is less intrusive and has less financial requirements to get a bilecense to operate in NY then it is to get a license to operate a BTAM in some states. That is the catch. NY came out and said it, "If you want to operate here you have to do this" other states whisper it and you don't know about it till it bites you in the ass. As someone pointed out to me, want to operate 5+ BATM in TX. You need to have a net worth of $500k https://www.dob.texas.gov/sites/default/files/files/consumer-information/sm1037.pdfIf you want to operate in NY where there is a lot of money, you have to play by the rules. If you don't want to operate in NY, fine there are 25+ places that can with more coming in: https://www.dfs.ny.gov/apps_and_licensing/virtual_currency_businesses/regulated_entities-Dave |
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lnd question:
Is there a way to see if peers tried to open a channel to you but could not for some reason?
One one of my nodes only have 2 channels opened by others although there are a lot of peers.
-Dave
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Another somewhat random thought is that yes it all comes down to tax revenue in the end as @AicecreaME said. At least here in the US and wherever they are.
As of now PayPal and Venmo the like in the US for the 2022 tax year now have to issue tax documents when you take in more then $600. It used to be $20,000 and 200 transactions.
There have been people screaming all over they will now have to pay income tax and collect sales on their sales.
Uhhhh, that's the law. Just because you have been running your organic honey and craft beer side business out of your garage and an occasionally a farmers market that does not mean you were not supposed to be paying income and collecting sales tax on your sales.
Sorry but as someone who reports everything and probably more then I should it's not my job to support you because you didn't want to report stuff to the government. Be it for privacy or you just didn't want to pay. Part of what the governments are doing and dragging the payment processors along with them is making sure they get their cut. We can argue about taxes all we want, but for the here and now it's the law of the land.
-Dave
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Cryptocurrency payment processors are also sometimes asking for KYC, if they aren't, they can be eventually compelled to do so. Absolutely. Don't even get me started on the clusterfuck that is BitPay. DaveF will tell you how long I can rant about them.  This is why the best solution is for merchants to use their own self hosted processor such as BTCPay. A lot, he can rant a lot. :-) Bit of a ramble, but I also think it comes back a bit to philosophy. I tend to use the "fight the fights you can win" theory when it comes to crypto and IMO @o_e_l_e_o tends towards the "fight the fights that need fighting" I don't like BitPay or any of the other intrusive services. But if I can talk a merchant into taking BTC and they don't want to do it themselves there is a limit to what is out there that does not totally rake you over the coals in terms of rates. So in the end if it's BitPay / Coinbase Commecre / CashApp-Square / or nothing I'll choose to send them to one of those evil KYC places because *I* see it as a win that another merchant takes BTC. Others that fight the fights that need fighting will see it as a loss since privacy just got slammed. We need both types of people IMO. 2 side comments about BitPay. 1) They are now starting to take lightning payments 2) Unless you are doing that 1 large purchase that puts you over their somewhat arbitrary limit, they track by email for total spent. Disposable emails do help that issue a bit. -Dave |
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Drive prices are falling insanely fast even with all the chip shortages and shipping issues all over the world. I just got an 18TB drive (on sale) for $300 1 & 2 TB are under $50.
While I know that may be a lot of money for some people in parts of the world those are new prices. I have seen 1TB used for under $5 in places.
I agree, although it's different case if you need to host full node on remote server. Time to download is probably not as big a concern then people who have bandwidth amount limited plans.
Aside from bandwidth, you also need to consider CPU speed, RAM capacity and HDD speed. HDD speed can be partially solved by moving chainstate directory to SSD or allocate very big RAM to Bitcoin Core (IIRC at least 8GB). Going to have to disagree with you here. With unlimited bandwidth I can sync a node from scratch on an 4GB RPi4 with a 5400 RPM USB drive in under a week. Using an SSD will get that down to 4 days or so. Literally just did both with Umbrel builds. Yes if you need it up now, a week is an intolerably long time. If you just want to run a node, you can start it and walk away and come back next weekend and it should be done. -Dave |
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BTW, we're not helping in solving OP's case  True, but till they come back and give more info there is not a lot that we can do. But to sum up what I see from the OP: When I enter my seed phrase (that came from electrum) So they think they were using electrum. while trying to restore the "next" button is greyed out So either the phrase is wrong OR they were not using electrum. Until more info is given it seems we can't help. -Dave |
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So, storage is probably the biggest concern for Bitcoin self hosted nodes, at least full nodes is that the storage requirements might outpace what general consumers usually have or require. I don't think it'll be an issue for the capability we have in manufacturing larger hard drives, but it'll be what is available to the general consumer at a decent price, which the lesser demand probably means a lot of people could be out priced. Thoughts?
It's valid concern, but IMO time for initial block download (IBD) is bigger concern. I expect some people who interested to run full node discourage time for IBD could take some time. Drive prices are falling insanely fast even with all the chip shortages and shipping issues all over the world. I just got an 18TB drive (on sale) for $300 1 & 2 TB are under $50. While I know that may be a lot of money for some people in parts of the world those are new prices. I have seen 1TB used for under $5 in places. Time to download is probably not as big a concern then people who have bandwidth amount limited plans. Yes with 1meg download speed it can take close to 2 months to download the entire blockchain. BUT if you only have a 100GB max download a month total before extra billing or fees kick in then do you pay more or take 6 months to download? -Dave |
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You cannot use those two options together What's the problem with keeping everyone's UTXOs and dumping the blocks? I'm just saying that you can have the same benefits even if you're planning to run an SPV server, without keeping the entire chain, but only the outputs. Sure, if it's personal use set it to 0. Edit: My bad. You're right. I hadn't ever tried it, to be honest, but I thought it would work. Could you explain me why a pruned node can't index all the transactions? The blocks/index is less than 40 GB and it could be used if one wanted to run an SPV server. In theory it probably could. All of us keep going around in the same circle here with people and I hate to be the grouchy person BUT used drives have gotten so cheap I am at this point just e-wasting & recycling 500GB and below because just about anywhere in the Americas (North - Central -South) and most of the EU and ASIA it's actually cheaper to find them locally then to have me ship them. If you want to run a node get a 1TB drive and....run a node. If you don't want to, then don't. -Dave |
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It's nice to see Bitpay adding Lightning Network, but I think this is one of their last attempt trying to survive after they introduced mandatory kyc verification for all customers.
BTCPayServer is much better open source alternative that also support Lightning with zero fees, without any third parties, and it is self-hosted.
On the other hand, it's clear that Lightning Network is on the rise, as much as some people hate to see that, and more exchanges and services are implementing it.
If you still didn't use LN by 2022 than you are seriously behind and you need to try doing it.
Actually with their ingratiation with Verifone & Apple I don't think it's a survival thing: https://www.businesswire.com/news/home/20210928005348/en/BitPay-and-Verifone-Partner-to[%E2%80%A6]rrency-Acceptance-on-Payment-Terminals-and-In-AppeCommerce I think it's a make more money thing :-) Their 'public' transactions are in the 2k a day range. What they are doing for private customers on the back end who knows? Could be 1 transaction could be 10000. -Dave |
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Has anyone here gotten Umbrel to work on a Debian machine?
I followed their docs and had nothing but issues.
I never tried it, but what docs did you follow? The GitHub page mention it's not recommended[1] to run Umbrel on anything else (besides Raspberry Pi 4). Using their pre-burned RPi image was perfect with no issues. But what should have been a quick Linux build would not start. No error, no output, no nothing....just a blinking cursor.
You need to be specific. Does "blinking cursor" happen when you run command sudo ./scripts/start? Have you tried open localhost on your browser to check whether Umbrel running? [1] https://github.com/getumbrel/umbrel#-getting-startedYes I know it's listed as not recommended but I had a clean VM sitting there and figured why not. Followed the instructions, Docker, Python, etc. for the requirements. Looked good, no issues. Run it and nothing happens, no services start, nothing when I try to browse to it, looking at top in another terminal window it's like I did non even run the "sudo ./scripts/start" command. Will play with it again when I have time. Just wondering if anyone else here had the problem before I start opening up an issue on github or even join the telegram discussion (which I hate). -Dave |
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Has anyone here gotten Umbrel to work on a Debian machine?
I followed their docs and had nothing but issues.
Using their pre-burned RPi image was perfect with no issues. But what should have been a quick Linux build would not start. No error, no output, no nothing....just a blinking cursor.
-Dave
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As for the crypto. Each government and even at times each department within the government has their own rules for disposing of confiscated property.
As for the why now. I really don't read much into that. Investigations take time, and digging into who controls what and where takes time. It started 8 months ago, and I'm sure they could have slammed the door on it at any time after a few months, but this is legal work within the government. They took their time and did it right.
-Dave
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Can anyone remember what was the username of the guy that wanted to let all of us know that Bitcoin doesn't exist? I can't remember but I have a feeling he got banned and that's why Snowshow appeared.
There have been a few. They all failed and left. Someone posted these before but there are many more alts of this person: It's tough to figure out if they are just a troll or to poor and living in their mom's basement to even afford 1 doge or just a nutjob fanatic who's cult leader does not like BTC or just someone who bought onecoin back in the day and is bitter about it. -Dave |
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Excuse me from asking, but why would anyone want to use this? You've said that the wallet uses public APIs and so, your IP can be tracked, that the users should be extremely cautious etc. You've literally called it the most dangerous wallet, and it's true. There are many things you should be aware of such as your browser extensions, programs that have access to your browser etc.
Sure, it might was a good exercise to code it, but to serve it as a "fast & anonymous wallet"? I think it's just bad. Benignly.
It's just about as anonymous as you are going to get. You can download and run it locally and connect to any public Wi-Fi Someone can send you BTC and there is never a wallet on your PC so to speak. You can then send it to a mixer and once you clear your browser cache it never existed. -Dave |
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Lets start with: Title kind of says it all and I will probably not sell. BUT I am looking for offers. No idea what it's really worth, it's a unique and VERY limited piece but I don't know what people are willing to pay. Make offers / discuss and I might let it go here or I might auction it. I don't need the BTC so I'm not that motivated to sell it but I don't have the space to display it either so it's just been sitting in the vault.    -Dave |
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Take those numbers with a large amount of skepticism. There are many listed that no longer exist.
Some are in stores that have not been open for months.
Other machines and even entire businesses that have BATMs are not listed at all as far as I can see.
For some reason LibertyX does not seem to want their machines listed.
So
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