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301  Alternate cryptocurrencies / Altcoin Discussion / Re: As of now - Altcoins that have meet the fastest transaction time on: March 08, 2018, 01:12:34 PM
Ripple, Nano, NEO, Doge.
As far as I know.
Byteball is pretty fast also.

Iota is supposed to be fast but doesn't work as intended.

UXTO blockchains with mining are only as fast as the block size and block times.
With higher loads they slow down.
302  Alternate cryptocurrencies / Altcoin Discussion / Re: Want to know about Gas in details on: March 08, 2018, 09:22:49 AM
Gas (or petrol, if it helps you understand better) is the fuel for the ETH blockchain.
Ethereum was designed to be a distributed turing-complete computer, and you can't have a public computer without a way to limit actions of participants or else they will exploit it or make the network halt by deploying code that loops forever.
That is how the concept of gas was born.
It is payment for every computation you make on the Ethereum blockchain (your ETH or token transactions are actually computations), so the more complex your calculation/computation is, the more gas you will have to pay. This limits people spamming the network as it would get prohibitively expensive to do so.

You can think of it like transaction fees in bitcoin (even though it is not actually the same thing)
For more information read this article by MyEtherWallet:
https://myetherwallet.github.io/knowledge-base/gas/what-is-gas-ethereum.html
303  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [NEXT GEN ICO] HODLER ULTIMATE HARDWARE WALLET [350 COINS][HIGHEST SECURITY] on: March 08, 2018, 08:11:37 AM
Shame you are getting such a hard time from guys that are just picking on you. I had a look at your project and I think the idea is brilliant. I am new to cryptocurrencies but concerned about money that I have already invested in some. I would like to buy some more coins but I am not a geek and I am not sure how to store them securely.
If you're indeed new to cryptocurrencies, and are "not a geek", then let the people with veteran experience who are geeks ask the hard questions.

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I believe we have a good alternative to national currencies. I hate the fact that living in 3 countries force me to pay so much commission in currency exchange and it is always a hassle to convert money back and forth between countries.

I will be definitively buying your product when it is available and I am seriously considering investing.

Well done!
You Just joined yesterday, claimed to be new to cryptocurrencies and are blatantly supporting a shady project.
Yes, you are definitely NOT a sockpuppet account.
304  Bitcoin / Development & Technical Discussion / Re: Exploring double spends, a thought experiment on: March 07, 2018, 08:40:02 PM
A nash equilibrium around hyper inflation would be any process which allowed network participants to profit from the deviation between the standard coin issuance rate and the actual rate due to hyper inflation. So, the devaluation of the currency would be exactly balanced by this other unknown process.
What would be the standard coin issuance rate and how would it work out since there are no (needs for) miners since we accept double spends as kosher, so transaction ordering isn't necessary?

If there would be miners in this system --for whatsoever reason -- what precludes them from taking the cheating to the next level?
They can make Coinbase transactions and double spend far easily more than non-mining users would be able to.

I don't see how there's any way to "profit" from a system that is so trivially easy to game (see Danny's response above on how a user can turn 1 Satoshi into trillions of Bitcoins).
Value (usually) comes from items being scarce; if the system is open and everyone can cheat easily then it wouldn't have any value whatsoever.

Like I said above, systems with hyperinflation are usually centralised in other to work. The centralisation acts as checks and balances, so even if it doesn't actually work, there is an illusion of it working.
305  Economy / Web Wallets / Re: Localbitcoin account hacked lossed 0.08 BTC on: March 07, 2018, 06:28:25 PM
is investing in gambling is good idea guys ?
If you want to lose the rest of your money, then yes, go ahead.
Please open a thread after gambling so others may yet learn (as if!) from your mistakes.
306  Bitcoin / Bitcoin Technical Support / Re: My private key is not accepted by any other wallet. on: March 07, 2018, 05:58:00 PM
I don't think so.

Segwit is simply a different payment script + adress format, it does not generate a different key. A private key can both generate a traditional adress (P2PKH), or a segwit one, (P2SH).

This answer is a bit more indepth about it, https://bitcoin.stackexchange.com/a/70123
This is correct.
Addresses are derived from public keys, which are first derived from private keys.
Private key -> public key -> address
So you can have one (WIF) private key, with different addresses, depending on the private keys.
Ordinarily you can create 2 P2PKH addresses from one private key, by using either compressed or uncompressed public keys.
You can also derive P2PWKH, P2SH, and P2SH-P2WPKH addresses from the same public key (note that segwit addresses are all derived from compressed public keys)
307  Bitcoin / Development & Technical Discussion / Re: Exploring double spends, a thought experiment on: March 07, 2018, 12:40:10 PM
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If you had a system with accounts, instead of UTXOs (like NXT) then a double spend would leave the sender's balance negative. If you require the sender to post collateral in his account the size of the maximum transaction he will send (analogous to the Lightning Network), then for a single double spend, this problem is mitigated, but if he spends the same amount more than twice, the balance goes negative again, and we have the same hyper inflation problem.
How does this work in a decentralised setting?
The reason it works in centralised settings eg banks, is that they're in control of the account and the funds in it.
Bitcoin addresses are free to create, so what stops people from trivially exploiting this?
Also, what do you mean by "collateral"?
And how will the collateral transaction be distinguished from a normal transaction?
If people have to have a "collateral" before making a transaction to prevent double spends so how do they get funds at all, since they have to put some up for collateral?

How does a hyper inflation currency have any value whatsoever apart from the manipulation of centralised entities like banks and governments?
308  Bitcoin / Electrum / Re: Splitting - send to another wallet or to another address is good enough? on: March 06, 2018, 09:15:02 PM
It depends.
If the forked coins you're claiming are consolidated on ONE address (or 2 at most), then you can consider sending the BTC to another wallet address generated by the same seed.
This way you'll just import the private key(s) of the address [es] with the funds and can continue re-using your seed without reusing your old addresses.

If they aren't consolidated in one address, but are spread in several, then importing the private keys one after the other might be a chore and so you'd have to import the seed itself so the wallet can calculate all the addresses where the funds are stored.
In this case as the seed is now considered compromised it's better to generate a new seed and send the funds to the address there.

In both scenarios however,, It's better to err on the side of caution and send the funds to a different seed-generated address entirely and consider the old one compromised.
309  Bitcoin / Wallet software / Re: Do you REALLY trust hardware wallets? on: March 06, 2018, 07:33:35 PM
You can check the source code of the hardware wallet applications for the Ledger, and inspect the firmware source code of the Trezor.
Also you are in possession of the hardware itself so you can break it down and tinker with it to your satisfaction to check if it's broken or not.
310  Bitcoin / Hardware wallets / Re: How to recover the altcoins (ETH, ETC, LTC) if Ledger nano s is broken or lost on: March 06, 2018, 07:27:25 PM

Let's say i'm in a hurry and want to cash out until new ledger nano s arrive.

I want to know for ETH, ETC and LTC how to import on software wallets.
Although I do not understand the exposure of the seed phrase of a wallet with the same security of a cold wallet into a hot wallet, you can download the corresponding wallet for each altcoin and import your seed into the wallet.

For LTC there's LTC Core (the node reference client) and Electrum LTC for desktop (SPV Client). There's also leaf wallet and Coinomi for mobile (Android)

For ETH and ETC you can use MyEtherWallet/Mycrypto, Coinomi, etc.

Coinomi, Jaxx, and Exodus are multicurrency wallets and support a vast array of altcoins.
311  Bitcoin / Bitcoin Technical Support / Re: My private key is not accepted by any other wallet. on: March 06, 2018, 07:02:16 AM
What does the private key start with -- 5, K, or L?

Also, how did you get the private key?
Code:
 dumpprivkey <address>

Also, when you say "not accepted anywhere" what exactly do you mean?
312  Alternate cryptocurrencies / Altcoin Discussion / Re: Sent BCH to BTC only wallet on: March 06, 2018, 06:28:42 AM
So I have information from block explorer regarding the transaction - is this any help?
Follow the steps here to get the private key for the address you sent the BCH to:
https://airbitz.co/go/faq/how-do-i-get-my-private-key/
Then download Coinomi and sweep the private key to the BCH wallet
313  Alternate cryptocurrencies / Altcoin Discussion / Re: Sent BCH to BTC only wallet on: March 05, 2018, 09:33:52 PM
Bitcoin and BCash have the same address derivation scheme, so use your private key/seed of the arcbit wallet and import it into a BCash wallet and you'll generate the same address you sent the BCash to on the wallet, then you can access them.
314  Bitcoin / Bitcoin Technical Support / Re: Accidently send BTC to USDT address on: March 05, 2018, 08:36:40 PM
Hey while I'm thinking of it, I had a question about the prefix on a bech32 address that wasn't apparent when I read the BIP. Does the prefix have to exactly match, i.e. "bc1" or "tb1", for example?  Would either of these prefixes pass muster: "bc1xyzabc1" or "xyzabc1bc1"?  If so, which one is the proper one if you were to include additional human-readable information in the prefix?

If anyone knows the answer to that, I'd appreciate it.  Otherwise, I'll check out the code.

Best regards,
Ben
Yes, it does.
For segwit implementation in Btcoin, the hrp is "bc" for mainnet, and "tb" for testnet.
Then the separator is 1.

However for other implementations of Bech32 not related to bitcoin, you can use any 1 to 83 US-ASCII characters, with each character having a value in the range [33-126]

If you want to play around with Bech32 addresses, check out Nullius' segwit vanity address generator
315  Alternate cryptocurrencies / Altcoin Discussion / Re: How to make a single address for every individual ? (300,000+) on: March 05, 2018, 12:05:05 PM
This has nothing to do with bitcoin.
Anyways it's far better to deploy a smart contract that sends the ERC 20 token to the address that sends ETH to it in proportion to the amount sent.
You can see a sample contract on https://www.ethereum.org/crowdsale
316  Bitcoin / Development & Technical Discussion / Re: Why to write down your seed? regular InfoSec policies say never write passwords on: March 05, 2018, 11:51:24 AM
They are different things entirely.
Centralized websites differ widely from cryptocurrencies and the stakes are much higher with crypto.
Someone stealing the password to your Facebook account is very different from someone having your seed phrase or private key(s)
Also, the context is different.
Quoting the article you linked:
Quote
If somebody finds the password and does something bad with your account, you could get fired.
The admonishments against writing down passwords stem from the fact that in a corporate environment it is risky for passwords to the company systems to be left unprotected.
Corporate environments are more open than home environments are. The choices  of where you can store your written passwords are much smaller (your cubicle /desk) as against your home where you can store it anywhere in the house.

Also, company passwords are required frequently whereas you just need your seed phrase once, and you only need the private key/seed phrase when you want to move your funds . You can always receive crypto into your wallet with your public key/wallet address.

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If enough care is taken does the medium of storage matter? A paper is just as easy to steal details from as compared to a notepad file provided there's physical access
Yes, it matters.
Physical media are easier to secure than digital media; there is no risk whatsoever that a piece of paper can be infected with a virus or malware, and as you said....
Quote
I do understand the average user is at much greater risk to malware than forced instrusion

Quote
Wouldn't a air-gapped machine with an encrypted drive or atleast the file containing the seed secured by a competent passphrase be significantly more secure than something like a paper which can easily be lost or otherwise compromised
Do you really think the average user that doesn't know the difference between a public and private key, that uses Windows OS and downloads warez that may or may not be infected with malware can make an adequately secured airgapped machine or environment?
The average user prefers convenience over security, and for them hardware wallets are the best option because it provides the convenience of a hot wallet with most of the security of a paper wallet.

PS wills have been written in paper for centuries now and they have been kept fairly safe.
317  Bitcoin / Development & Technical Discussion / Re: Question about Full node wallet and Electrum wallet on: March 04, 2018, 10:33:01 AM
Apparently Coinomi supports Bitcoin Private so if you want to access your coins on Coinomi wallet then follow the instructions here
Coinomi is much smaller than Electrum and runs on mobile (Android)
318  Other / Beginners & Help / Re: Is it possible to retrieve deleted address? on: March 04, 2018, 10:21:24 AM

oh, we cant?

i always read about bitcoin safety on blogs, most of them advice to not use the same address over and over again for privacy concerns.

based on that, my assumption will be that the address in our wallet can be deleted for new address.

so we can create unlimited address within our wallet?

ps:unrelated. is yahoomessenger is still available? kinda miss the old time.
It's not deleted, it's just not shown to you so you won't reuse it.
However if you send bitcoin to a previously used address your wallet can still access it as long as you still know the 12-24 word phrase you were given, you can import that to any wallet and still access your bitcoin from there.

Even if you use 20 different addresses a day, you still wouldn't be able to exhaust the addresses generated from your seed phrase in 10 lifetimes.
319  Bitcoin / Development & Technical Discussion / Re: How bitcoin get info of connection to peers? on: March 03, 2018, 01:12:39 PM
They are called DNS Seeds And they are hard coded into the client to help nodes bootstrap.
Basically they are IP addresses of bitcoin nodes run by Bitcoin community members and they assist in peer discovery since new nodes on the network don't know which addresses to connect to.
320  Bitcoin / Bitcoin Technical Support / Re: Nice Hash on: March 02, 2018, 03:59:58 PM
Yes, it is, but you are not advised to use it to store large amounts of coins as you do not own the private key to the address,NiceHash does, and if they are hacked (like they were before) then your bitcoins are gone.
It is far better to use a wallet where you have the private key or seed phrase.
Pick a wallet from here and use: https://bitcoin.org/en/choose-your-wallet
Make sure you save the seed phrase securely.
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