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3401  Bitcoin / Bitcoin Technical Support / Re: Transaction sent to multiple wallets on: October 20, 2019, 08:09:50 AM
With most wallet configurations, importing an address means that the change would go back to the change address. Spending all the funds in a paper wallet is better for security as the paper wallet would've been exposed to the internet. The more serious repercussion with that is the loss of privacy; it would be fairly easy to tell which is the intended address and which is the change, thereby resulting in a decrease in privacy.

Why would the paper wallet be exposed to the Internet? Because you introduce the private key while your wallet is connected to the Internet?
Generally, when the private key is imported into a wallet which has been connected to the Internet, it is not considered airgapped anymore; it is possible for the private key to have been exposed to a third party via the Internet.

Of course, exceptions exist and your wallet would probably still be safe if you employ the use of an offline computer to sign the transaction before transferring it to an online computer to broadcast it. But that would be too much of a hassle and it is generally not recommended to reuse the paper wallet.
3402  Other / Beginners & Help / Re: Another newb post, if you don't ask you don't get, HI! on: October 20, 2019, 04:08:12 AM
It really boils down to how low your electrical fees are. I would recommend you to try using a calculator to calculate how much you could earn and how long it would take for you to ROI. You have to take into account the halving and the difficulty increment. With so many variables in play, it would be hard for it to be worth your time. If you look around, there are some used ASIC miners in the computer hardware section. If you don't mind, you can try to start getting the equipment from there.

I would recommend holding your coins instead of day trading though. Trading is really not for everyone and it is hard to master it.
3403  Bitcoin / Bitcoin Discussion / Re: Will it help bitcoin if we shift funds to it ? on: October 20, 2019, 03:49:33 AM
You'll just be inflating the prices in the short term while doing nothing to help in the long term. Bitcoin needs more adoption and use. If you can't convince the general public to be using it, it wouldn't be beneficial for us to just purchase more Bitcoins for the sake of inflating the demand. It isn't feasible for us to purchase Bitcoin just to increase the price either.
3404  Bitcoin / Bitcoin Technical Support / Re: Transaction sent to multiple wallets on: October 20, 2019, 03:45:18 AM
OP, if your balance shows the correct amount right now, you should be alright. Read the posts others wrote before me for the complete answer.

However, just as a prevention note:

I remember change addresses didn't exist on paper wallets and you could lose your funds in such an easy manner this way (having a paper wallet loaded with funds and not spending it all). I guess this still happens and there hasn't been any "fix" as a Bitcoin update for prevention, right? So OP, if you ever send your funds to a paper wallet, make sure you spend ALL of it when you import your paper wallet back in.

If you have 1BTC on paper, you import the paper privkey into a wallet and you only spend a part of it, the rest of the funds would go to another address (called a "change" address, as others above me said) which you won't have the access to. A private key only imports a single address, not a wallet. Or am I wrong?

I'm trying to help, please someone tell me if I'm wrong about anything Cheesy
With most wallet configurations, importing an address means that the change would go back to the change address. Spending all the funds in a paper wallet is better for security as the paper wallet would've been exposed to the internet. The more serious repercussion with that is the loss of privacy; it would be fairly easy to tell which is the intended address and which is the change, thereby resulting in a decrease in privacy.
3405  Economy / Lending / Re: Needing a 0.1BTC loan on: October 08, 2019, 10:30:20 AM
Well, I'm too slow these days... Tongue
Good luck with this loan, I hope everything goes well for both of you.
Maybe next time, if I need this again Wink.



Loan received. Thank you! Locking the thread till repayment.
3406  Economy / Lending / Needing a 0.1BTC loan on: October 08, 2019, 10:01:37 AM
I'm looking for a 0.1BTC loan for a period of a month (8/11/19). The repayment amount will be 0.11BTC.

Message:
Code:
This is ranochigo and today is 08/10/2019. I am looking for a 0.1BTC loan for a period of a month. The interest will be 0.01BTC. The address to send to is: bc1qupxdkw5p5vx093sphecla9zgydaq3r265y6pdr.
Address:
Code:
1Yzig3e8vx79XyYMjJShk4yBPp1YcvPbQ
Signature:
Code:
IOskumdw6AMEM3VYjq/30an6nk0iNOoDuWrSG7Lk8jbPf5rKWS01GZKLIO2JYYoGGqXXwiIIWzGPwf3VNWLMDz0=
3407  Bitcoin / Wallet software / Re: Turn Old Phones Into Cold Storage Crypto Wallets on: October 08, 2019, 09:50:50 AM
Problem with hardware wallet (ledger or trezor) is they are too small and the possibility of it to be misplaced is high, unlike using an old Iphone like an Iphone 6 and if its lost or stolen, you can use the find my iphone feature, same with using an android phone, I heard they also have almost the same function so at least you will have a peace of mind in case you iphone dedicated for Cryto transactions are lost or stolen.
Hardware wallets are mainly designed to be protected mainly against digital attacks (malwares, etc), not physical attacks. They are supposed to be stored securely and safely. Using the location feature requires an internet connection and cold storage are supposed to be isolated from the internet to reduce the attack vectors as much as possible. I don't think using a phone would be suitable as a cold storage, especially given their poor security track record.
3408  Bitcoin / Bitcoin Technical Support / Re: mempool explorer on: October 01, 2019, 01:58:08 PM
Aha.  So what if I will re-broadcast the tx which is stuck in the mempool every hour or so - will there be any penalties?
No. The node does not keep track of the transactions that has been dropped. They wouldn't know that they've had the transaction before in their mempool.
Will it improve the chances of this transaction not to be dropped from the mempool?
Technically, no. Nodes would still drop your transaction after some time but if you rebroadcast it periodically, you'll ensure that their mempool would contain your transaction for most of the time.
Any elegant way to detect the moment when the tx gets dropped?
No. A mempool is unique to every single node; it is possible for your transaction to exist in only some of the nodes on the network and not on the others. Keeping track of the entire network's mempool would be impossible.
3409  Bitcoin / Development & Technical Discussion / Re: OTP for crypto transactions on: September 03, 2019, 03:49:40 PM
The mainstream implementation of the OTP system is mainly with SMS based and time based. Since SMS based systems obviously will require a central party, it is out of the equation.

With time based OTP, the secret is shared with the phone which should be kept safe. It wouldn't work if the malware were to be active during the point at which the OTP is activated. In addition, for the server to validate your OTP, they would require the secret key. This means that every node (and thus everyone) would have access to your secret. It wouldn't make sense and it would make the blockchain even more bulky by storing all the data on every node.

The current implementation of 2FA wallets with multisig is the best compromise between security and feasibility.
3410  Bitcoin / Bitcoin Technical Support / Re: Blockchain size reduction question on: August 17, 2019, 04:44:34 AM
Sooner or later we have to divide the blockchain to 2 parts (as has been previously suggested).
Old data and new data.

This would work, if the "old" data is also made available for downloading, so that if anyone doesn't trust that the beginning of the "new" data is correct, he/she can verify it himself.

A file with all the addresses and their balances takes less than 900M.  So maybe the new blockchain size would be around 3GB ?, with all the separate UTXO:s  included in it.

Would be great if the blockchain could be "pruned" every 5 years or so, and all the "discarded" data would be made available for downloading too, from outside of blockchain.
For people to validate the validity of the information, they would have to verify the whole block chain from the start of genesis. Else, it wouldn't be very effective for Bitcoin to exist. Centralisation wouldn't be ideal either, it would make attacks on Bitcoin easier and less expensive.

For most, I would think that running an SPV wallet would suffice while people who would want to support the network can run Bitcoin. The size would arguably be less of an issue with technological advancement and the various BIPs (Lightning network, schnorr signature etc).
3411  Bitcoin / Development & Technical Discussion / Re: Bitcoins stored in Ledger Live or in Ledger Nano S hardware wallet? on: August 12, 2019, 03:22:42 AM
Last question: if my PC gets hacked when I have my ledger Nano S connected to it via USB.....are my bitcoins vulnerable at that moment? Or even then not?
Your PC does not have your private keys which means that it is not vulnerable in that area. The only place that the hacker could somehow compromise is the Nano S that is connected but since its secure enough such that there's no known vulnerabilities to access the private key inside the device, the hacker can't get to your private key either.

With the confirmation on your Nano S, your transactions are secured since you can tell if the funds are going to the correct address.

TLDR: You are safe. That's what hardware wallets are designed to do.
3412  Bitcoin / Development & Technical Discussion / Re: Bitcoins stored in Ledger Live or in Ledger Nano S hardware wallet? on: August 12, 2019, 02:56:33 AM
Okay, so just to be sure: if my PC gets hacked and somebody can enter my Ledger Live, he cannot steal any bitcoins from me?

And second question: I cannot send or receive any bitcoins via Ledger Live without connecting my hardware wallet to it first?
They can't. AFAIK, the only reason why Ledger Live can see your balance is because the list of addresses is known by the app once you connect your Nano S to it. No one can steal your balance because your private keys aren't stored in Ledger Live; they are only on your Nano S.

Also No. Think of Bitcoin addresses as mailboxes. People can send mails to your mailbox without getting your key but the only way to get your mail is to open it with a key. It works the same for Bitcoin. You don't have to connect your hardware wallet to receive Bitcoin, you only have to do it when you want to spend them.
3413  Bitcoin / Bitcoin Technical Support / Re: Fullnode Sync over Lan on: August 07, 2019, 01:16:53 PM
IMO, the difference between synchronizing across your LAN and the network's nodes would be negligible. In fact, synchronizing over your LAN would yield a worse result. You can only synchronize with one peer at any given point of time if you were to use your other LAN node as opposed to getting the blocks from several peers simultaneously.

Without considering the download speed, your synchronization could still be slow with the main bottleneck being the parsing and verification of the blocks.  Following Loyce's advice would expedite the whole process and make it less complicated.
3414  Economy / Lending / Re: DarkStar's Loans | No Collateral Required | Lowest Interest | 0.1%-0.333% Daily on: August 03, 2019, 03:00:41 PM
Returned early due to unforeseen circumstances. TXID: b9a43078c719a8da82b3bb6e043e730157c1e668d94e7174fbbc8e0f88bc2fbe.

Thanks for the loan!
3415  Bitcoin / Bitcoin Technical Support / Re: bitcoin core qt only use 1 core on cpu on: August 01, 2019, 04:46:49 AM
i m confused i never tested  electrum
can i open there all the wallet.dat ?
or you talking about  to know the receiving address, because if i knew the receiving address i just use the explorer then to check balance

You can't import wallet.dat into Electrum. You would have to extract all the private keys and import them into the client. Its a tedious process and many things could go wrong.
i think i just will keep opening them in bitcoinqt  if i open 1 a day i will be finish in 40 days  Grin  it s ok nothing urgent

Rescanning your wallet.dat shouldn't take that much time. The only thing that is time-consuming should be your initial block chain synchronisation and rescanning is basically just a matter of searching through the UTXO database which shouldn't take long.
3416  Bitcoin / Bitcoin Technical Support / Re: I just had all my bitcoins stolen and I don't understand how it happened on: August 01, 2019, 01:32:34 AM
Even signatures don't guarantee anything, the MIT server where they store them could have been compromised, the people involved could have been compromised... etc

This is why you want to ideally run a full client and validate your own transactions, otherwise you are basically running a webwallet.
That isn't secure either. Even running a full client isn't enough. Bitcoin Core can be compromised in that scenario too. The problem here isn't with the validation of the transaction. I don't agree with that either. The difference between SPV clients and Web wallets is huge; SPV clients still do give you full control over your private keys. IMO, SPV clients gives its user the balance between convenience and security.

If you want to protect against the scenario that you've described, you have to review and build the client from scratch. This isn't something everyone can do.
3417  Bitcoin / Development & Technical Discussion / Re: send from address to address on: August 01, 2019, 01:17:41 AM
1. How do I sendtoaddress but from a particular address, e.g. 1 user sending another bitcoin , how can i specify it to come from their address/label.

You can use the createrawtransction command and specify which UTXO to be used in the transaction. You can use listunspent to find out the specific UTXOs to use. Thereafter, you can just sign the transaction normally.
2. Setting up users and assigning their addresses through 'labels' (as i know the account feature is gone, would be ok?)

Since labels don't have a balance associated with them, you can still group addresses together by labels but it would be troublesome to calculate the total balance.
3. how can i calculate the sendfee?  - i used sendtxfee to '6' which  means 6 blocks = 20/40 mins, right?
Do you mean settxfee? That command interprets 6 as 6BTC/KB and it doesn't have floating fee. You can use estimatesmartfee to get the floating fee and use another command to set the fee.



While creating the raw transaction, you can just select UTXOs with its total value that equates to the total output value. You can use fundrawtransaction to have the client add UTXOs for the fees.
3418  Bitcoin / Bitcoin Technical Support / Re: Full Node Can anyone help set up? on: July 31, 2019, 02:52:20 PM
Does your donation system explicitly require the tracking of the various donations?

If not, you can just set up a static address for donors to donate and it would be much simpler. Else, you can consider trying out Electrum. While Electrum is not a full node, you do get the liberty of having full control of your funds and they do have a RPC interface for you to use and track the donations. You wouldn't have to synchronise the block chain at all and there is no need for an excessive amount of storage space either.
3419  Economy / Lending / Re: DarkStar's Loans | No Collateral Required | Lowest Interest | 0.1%-0.333% Daily on: July 28, 2019, 12:14:39 PM
Request For a No Collateral Loan
Required BTC Amount: 0.12BTC
Estimated Loan Duration: 1 month
BTC Address: 34HqRCrQV8ZysB4Pt9z11CYgr3wGE43LfU


Signed Message: This is ranochigo and today is 28/7/2019. I am requesting a loan of 0.12BTC from DarkStar.
Address:1Yzig3e8vx79XyYMjJShk4yBPp1YcvPbQ
Signature: H7evJYMOKUhmlaf6ijjyLBFj3AewYZHqI+oOFfJ7QKG1S59fyNDIm8DTUY551griIGflWNj9HsDrn8C8xftqqHg=
3420  Bitcoin / Development & Technical Discussion / Re: Development & Technical Discussion on: July 13, 2019, 01:57:30 AM
1. Duplicate address creation
(I don`t care if it is very unlikely it needs to be impossible)
This isn't exactly a problem at all. Address collision remains very impossible with the sheer amount of computing power needed to even get a funded address in a thousand years. Making it collision proof would be unnecessary and fairly difficult to implement.
2. Mass Adoption
(I asked 50 people on the street today if they know bitcoin, 5 did, 0 could explain it)
It's the problem with the mindset of the people. Bitcoin remains an attractive alternative to fiat and it isn't something that we can control.
3. 85% hashing power in One Country
(CHINA CENTRALIZED ALERT)
Unless we somehow make mining less favorable for people with a vast majority of resources, there pretty much isn't any way to prevent centralisation of mining power.
4. No mining for people born after 2045
($lavery premine it looks like to people born later than us)
The current block reward system aims to maintain a steady deflation while ensuring a limited supply of Bitcoins. It isn't possible for the block rewards to remain the same or increase in the future. The main feature of Bitcoin is the existence of a fixed supply and it isn't possible for the supply to remain the same throughout.
5. Huge transaction fees
Lightning network can help to alleviate this problem. It's a matter of time when more people starts to adopt this.
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