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3421  Bitcoin / Hardware wallets / Re: Best way to store ledger nano 24 words seed phrase. on: June 17, 2022, 08:21:34 AM
So the best way is to write on paper or engrave them on metal pieces and keep them somewhere safe. If I get a head injury and I forget the password, if that happens I might forget where I keep them too. Even if I write them on paper or metal pieces you still need to remember where you keep them. It's the same memory you need either to remember the password or where you keep them.

If you keep it simple, I'd expect that you have better chances that somebody from your family can find those seed words and make use of that money.

Of course, I know that this makes more vulnerable to thieves. I mean that I've seen even ideas to engrave onto steel and bury in the backyard, but then it will be lost for your family.
You have to find a good balance, one that suits you best. The more complicated you make it, the more the chances you'll lose those coins. Not now, but maybe in 20 years. This is how I see it.
3422  Bitcoin / Bitcoin Discussion / Re: It is a poor practice to recommend wallet without sharing main tips for newbies on: June 17, 2022, 07:55:06 AM
But the problem with Electrum wallet is that, it doesn't work like that, any seed phrase you generate to create a segwit address, you cannot use the same seed phrase to generate a legacy address, and it will be much work to have two seed phrase as storage.

The things is that lately Electrum kinda tries to convince its users to go for SegWit (bech32) addresses. Which is OK, since they can benefit of lower fees and LN too.

If you don't want to have multiple sets of seed words, you can generate a seed with a different tool and then import it into Electrum, just don't forget to check the Bip39 checkbox.
One tool at hand is IanColeman's, just you have to use it safely offline and you have to acknowledge that some consider the entropy of web-based apps not good enough for the best safety of the seed.
3423  Other / Beginners & Help / Re: My Bitcoin journey and a question about Bitcoin fee calculation on: June 17, 2022, 07:51:10 AM
but what I don't understand is the block 741131 weight only 607 kB and the block isn't fully fill up like the block isn't completed yet. Or does this mean the miner has successfully mined the blocks which mean the transactions is already have at least 1 confirmation, but after all the transactions are confirmed 100% then the blocks will be filled up?

There are various reasons for a mined block to not be full.
One reason is when miners find blocks (almost) in the same; then one of the blocks will probably have no user transactions in it (only the block reward).
And the reason from your case is the the mempool has became empty and there were no more transactions to be included into the block (and yes, in the next 36 minutes transactions started piling up again).
The miners don't wait for transactions. They mine normally at an average of 6 blocks/hour.
And it doesn't matter how full the block is. If your transaction is included, it has the first confirmation. Every new block coming, no matter how full or empty it is, will increase your "confirmations" counter.

Well that's also one question that I forgot to ask, when I send a transaction I ended up paying to 2 outputs, the one is the address I want to send while the other is miner address. But if we want to calculate a fee on Bitcoin fee estimator, we can pick 1 input and 1 output, then the amount will come up and there's no error. However you said it's "usually", does this mean it's possible the transaction only have 1 input and 1 output?

You can have tens of inputs or only one, you can have tens of outputs or only one. So yes, 1 to 1 is also possible.
Also you've got it wrong. One output is not the miner's address, it's usually yours. The transaction fee is not sent to an address directly.

Let me detail it a little.
You always spend complete inputs. If the transaction fee + the amount sent to the other party is exactly the value of the input then you have 1 to 1. But this usually doesn't happen, hence the change (exactly like the change in a shop when you pay with a bigger banknote) returns to you. And the change is another output, that's why you usually end up with 1 to 2.
3424  Economy / Economics / Re: Bank cards: where have all the numbers gone? on: June 17, 2022, 06:59:16 AM
Some banks are updating their format to where numbers are no longer listed on cards. They're listed on a web service that users must log into.

Imho it's not such a bad move, and can even be enhanced a little.

The numbers on the cards make them great to be stolen. There are cameras everywhere. It's not so difficult to record the numbers from your card and then use it for paying online. It has happened even to people I know.
For many years I black out the CVV of my cards as soon as I receive them. Unfortunately I cannot really do more.
Cards being "blank"? I find a good move. The card itself can be used for shopping and ATM as usual, and if you want the numbers for internet use, then get them from the bank separately and keep them separately.

And as I said, it can be enhanced a little. My bank already offers virtual cards for free. The numberless cards can remain for in-shop use and companion virtual cards can be made for online use.


RFID is indeed a security hole, but actually I didn't hear yet of people robbed like that. Of course, if the numbers from the cards are going away, this could be the next attack vector.
3425  Economy / Reputation / Re: Bitlucy withdrawal problem, does this acceptable? on: June 17, 2022, 06:47:40 AM
* if you have open issue with BitLucy make sure you've filled the google form; today is the last day for that (!) https://bitcointalk.org/index.php?topic=5395791.msg60373594#msg60373594

I've already said above whith a screnshot that that form says that people have to previously explain their case in the locked thread. So, I don't know how they are going to do that.

Wow, I've managed to miss that (I badly need more coffee!). Sorry.
Still, I urge those with problems fill something, anything in that form. That's because:
* one can make his own topic or post in this very thread and post the link into the form; it's not in the designated topic, but at least it's there
* one cam post in the form and write into the form that the thread is locked; it opens the door for further discussions (the wording "Please be detailed so that I do not need to approach to you for more details." may mean that if needed, Royse777 or the casino will contact the user, right?) and at least there's an entry in the form before the time limit.

I think that Royse777 closing the thread was a hasty move, not deliberate to stop users telling their problems, since it gives him more work to do. At least this is how I see the things.
3426  Economy / Economics / Re: Bitcoin Halving Multiple - (Research) on: June 17, 2022, 06:38:18 AM
Do you think the rewording of "h1 = fiat value of 1 bitcoin at halving event 1" resolves this in the presentation context? Or should I rewrite the formula presentation such as m = (UsdPriceH2 / UsdPriceH3) / (UsdPriceH1 / UsdPriceH2) to eliminate the need for explaining each variable afterwards? To me both methods are the same, but which one is clearer??? Note- I removed the parentheses you suggested for variable clarity, not to be confused as a multiplier.

The fact you've removed the parentheses may be even better, I'm not perfect either  Wink
While I find the names like UsdPriceH2 clearer, if you prefer the shorter h2 I cannot argue, since no matter which one you choose, I think that you should explain the variables, that's the correct and nice way to do it.

Quote
* Maybe you'd explain how does this apply for third, and fifth, and sixth halving...
One of my early drafts went into great length on this but I removed it bc the paper was getting to bulky and seemed too soon to go down the rabbit hole of linear projection vs reality. I'm now thinking maybe an abstract sentence or 2 would help. Hindsight is always 20/20.

If you keep it for only 4 halvings then:
1. it cannot be tested for past halvings
2. it doesn't look like a generic formula that can be applied for the future, although the website does that

I also think that the formula is overly optimistic in some areas. The price increase is smaller and smaller with every cycle and you may have missed that; getting to billions during our lifetime is quite unlikely.
3427  Economy / Reputation / Re: Bitlucy withdrawal problem, does this acceptable? on: June 17, 2022, 06:23:28 AM
Hi guys, first post here. I was wondering if anyone has the Telegram of user ''Bislom'' ? He claimed to know the owner of Roysee and I would like to talk to him, have some information (chats and much more)

From what I know, Royse777 is not really "the" owner of that casino. He said yesterday:

I have a small share with BitLucy

Even more, in the last 2 or so months (maybe more) Royse777 was no longer as active as usual on the forum, probably caught in a lot of things.
The current situation with BitLucy most probably made the things worse as free time so I'm not sure how open he will be to spend time with you (no offense, I'm trying just to prepare you).
So my advises are:
* if you have open issue with BitLucy make sure you've filled the google form; today is the last day for that (!) https://bitcointalk.org/index.php?topic=5395791.msg60373594#msg60373594
* try to get his attention and hope that he will contact you
 ** PM is an option, but please don't send more than one nor set your hopes too high, since some may have newbies blocked
 ** writing down his name correctly in a post may trigger notifications if he has them set up

If you've posted your situation into the form and it got handled (good or bad), it would be useful if you tell us too.
3428  Economy / Gambling / Re: 1XBIT.COM ᐉ 7 BTC WB ᐉ Altcoin Betting ᐉ no KYC ᕗ Instant payouts on: June 16, 2022, 09:01:16 PM
Maybe someone can tell me why there are a number of accounts that are hugely interested in blackmailing 1xbit, when they haven't even played it themselves.

Anyone sane enough would avoid 1xbit. Expecting those who sound the alarm come and waste money while knowing they will not be able to withdraw is unrealistic from your side. But since your opinion is anyway biased, it doesn't matter, right?
And I want to add something more: it's only a small number of people that keeps coming and telling 1xbit is scam because most don't want to spend effort (and sanity) with all this, since the red feedback tells all that has to be told in the matter.

PS. Blackmail is a strong word. Do you by chance have proof for that? If so, please post it. Else you just show how low can you go for a couple of silver coins.
3429  Economy / Reputation / Re: Bitlucy withdrawal problem, does this acceptable? on: June 16, 2022, 08:03:56 PM
Since the site has decided to not promote on the forum any longer does this mean withdrawals are not being honored?

I'd guess that the (few?) cases written until tomorrow into the provided google form will be handled and, if it's the case, honored...
At least that's what Royse777 wrote here: https://bitcointalk.org/index.php?topic=5395791.msg60373594#msg60373594

I see a big red wave incomming.

There may be. It won't be easy to get the things right. And it'll probably be costly, in a way or another (money, time, reputation...). I hope I'm wrong.

It would be much easier for the Bitlucy team to fix the issues and continue to try and be present here on the forum vs acting like hotheads and running away from the forum blaming the users here for their faults.

It depends whether they honestly want to have a working business or it's just another hit and run.

------
Edit: I've just found this part, which sounds.. interesting; maybe the problems will be actually handled correctly, maybe only patience is needed? We'll see.

They have their problems but they are not less interested to solve all of it either.
3430  Bitcoin / Hardware wallets / Re: Best way to store ledger nano 24 words seed phrase. on: June 16, 2022, 04:31:38 PM
Please let me know if there is any flaw in my method.

1. You have probably made the MS word file on your every day Windows. If you had a keylogger malware, somebody else has also received those words already (and maybe he knows or maybe not yet).
2. You have probably made the MS word file on your computer first. Even if you moved/removed it, the file is not completely obliterated and somebody can recover it from your HDD.
3. Relying on your memory for the encryption password is not advised. What if you get a head injury and you forget the password?
4. USB sticks can "die" for various odd reasons. While I know it's convenient, it's not the safest nor a recommended storage for the seed phrase.
5. Your method is overcomplicated. Again, what if you get an injury and no longer remember? What you do then? You may even reuse the sticks for some other data since "wtf was on it anyway?"

So while USB is convenient as an "easy backup at hand", it's good only if you do have a better backup somewhere. And the way you've stored the backup is.. bad.
3431  Bitcoin / Electrum / Re: Electrum 4.0.9 wont open in Windows 8.1. on: June 16, 2022, 04:21:39 PM
I will test a transaction when the blockchain fees drop

You can give it a try on testnet.

It means a different setting on the link. You can look up the tutorial from here or post from here. You temporarily create a new wallet, get some free testnet coins and play around with them, even if you'll just send them back to the faucet you've got them from.
The tutorial from the first link in this post has address to working faucet.

This would also help because some UI things have change a little and it's better to get comfortable with everything before using actual money.
Of course, it's 100% up to you. I'm glad it finally works.
3432  Bitcoin / Electrum / Re: Electrum 4.0.9 wont open in Windows 8.1. on: June 16, 2022, 03:47:55 PM
Or is this normal since I only have that one imported in Kleopatra?

It looks normal to me and this seems to be exactly your case.

I didn't see that for very long since I do have all signatures imported and, if you want more peace of mind, you can do the same, since it's not a big deal.

You can download the others' signatures from either the Electrum download page.
For example you Right Click on SomberNight, save as.. and get the file (make sure it's saved as .asc and not .txt). Double click it, you have to press next and check a couple of checkboxes here and there and you're good.

Then (when all 3 are in order), if you verify Electrum again, it will be all nice and green.
3433  Local / Română (Romanian) / Re: Concursuri/tombole pe bitcointalk (sau pe aprope) on: June 16, 2022, 02:47:55 PM
Super concurs!

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3434  Other / Beginners & Help / Re: My Bitcoin journey and a question about Bitcoin fee calculation on: June 16, 2022, 02:40:29 PM
The main problem is I failed to understand what is block, weight, size, mempool, and etc, I want to learn such thing because it will help me to know how long my Bitcoin will arrive with the accurate calculations. So I will not wrong again when I want to send Bitcoin for exact time e.g. 6 hours, I will not wrong again to send to low or to high fees.

Block: Bitcoin uses a public ledger to "write down" all the transaction. The public ledger is made of "blocks". The blocks are mined by the miners. The blocks are the "things" that contain transactions. A transaction start getting confirmations from the moment it was included into a (mined) block. The more you pay (sat/vByte) for your transaction, the more appealing can it become for the miners to include your transaction and cash in the transaction fee you pay. This can be very helpful in the days "the network is busy".

Mempool is the "waiting room" for the transactions. From here the transactions are picked and included into mined blocks. It's important to know that every bitcoin node has its own mempool and while the nodes do exchange information, the mempools may not contain exactly the same information.

If you want to get some basic understanding on how the transactions get into blocks, I find the graphics of https://mempool.space pretty useful. You can also get a feeling too on what fee you could use in that moment.

Now, a transaction is sent to bitcoin nodes like a "letter". That "letter" tells how many inputs you're using and how many outputs you create. This gets trickier, it depends on how many times and how small amounts you've received into your wallet and to how many direction you send. You should add one extra output since usually your wallet receives the change. If you need more details, please ask. The point is that the "letter" may be longer or shorter depending on how many inputs and outputs it has to describe. And what matters for the miners is how much you pay for each character of that letter (let's say so), not how much you pay for the entire letter.
So you can end up paying 20$ to send 10$ of Bitcoin or you can end up paying 10 cents for sending out 1 million $ worth of Bitcoin.

TL;DR; you can look at https://mempool.space for getting a glimpse on how the things work and for seeing what transaction fee you should use in Electrum. Use RBF option in Electrum for the case something unexpected happens and the transaction takes too long for your linking (although transactions can get automatically back to you if not confirmed in 2 weeks)
3435  Economy / Collectibles / Re: [FREE RAFFLE] Alpen Coin "Bear-Market Blues" free Raffle on: June 16, 2022, 12:08:06 PM
72 - NeuroticFish

Impressive raffle, thank you!
3436  Economy / Reputation / Re: Bitlucy withdrawal problem, does this acceptable? on: June 16, 2022, 12:05:58 PM
<Snip>
Thanks for the update Royse777. Because of the way things have evolved I have removed my avatar and personal text. I hope you get your personal things sorted out and that the casino pays out the money it owns its players.

Take care.

Same here. Quite shame it went this way, somehow I tend to think that the casino owner took advantage of the fact you are so busy lately.
I've removed the avatar and text.

I know it will be far from easy, I can guess that it will be hugely time consuming too, but please see to get the open issues fixed.  Sad
3437  Economy / Economics / Re: Apple wants to replace all passwords with biometrics on: June 16, 2022, 07:54:13 AM
Does anyone think this will succeed?

I don't see any reason why this would not succeed. I completely agree that the security of smartphones is a joke anyway. Also most users are lazy and biometrics fit just fine to their needs.
The only question is if they can make biometrics reliable enough in all the versions they'll make. Since if at some point those won't work, they'll suddenly have a huge lot of angry customers.
What I mean is that it's not uncommon that on cheaper (and somewhat older?) Android phones fingerprint just fails to recognize you 7 of 10 times. Apple will not afford this kind of failures.
3438  Other / Off-topic / Re: Sad news for Telegram users😩 on: June 16, 2022, 07:45:20 AM
This time you have to pay to use Telegram.

I've read here the details about the change: https://www.dignited.com/96300/telegram-premium-everything-need-know/
From what I see there's no problem here. Only some new features will need to have paid subscription. And I think that the average user doesn't really need those. So I think that the paid subscription will be more like if you want to support their company, really.

The most important part I've read is:

All existing features will remain free: Current users have nothing to worry about. There will always be a free version. All current features will remain free


PS. Please move this out of Meta, since it's not at all forum related.
3439  Other / Archival / Re: What do you expect from bitcoin in the second half of 2022? on: June 15, 2022, 07:53:10 PM
In this winter, we have already lost 70% of the value. I also read opinions that this time the correction will not exceed 55% and will stop at around 28-30k

Yep, this is what I was talking about.
Now I pretty much fear that the price may fall like in the previous cycles, i.e. losing ~85% of the value.  That would mean falling to 10-12k, so 50% of current value. I really hope I'm wrong...

So, back to what you wrote in topic: if we get back to 40-50k this year... it'll be a surprisingly nice development.
3440  Other / Archival / Re: What do you expect from bitcoin in the second half of 2022? on: June 15, 2022, 07:32:57 PM
We hoped that crypto winter will not come this time, but it came.

Who are "we? It’s impossible without a crypto winter

I am sure that this latest plunge has caught many off-guard. Wink

However, I've done some effort and found one of the discussions on this topic I had in the past, discussions that maybe we have this year a softer (if any) crypto winter.
One of the posts is this one, but you can easily look up there for the entire discussion on the matter.

The point there was that - because of the institutional investors and maybe too because Bitcoin markets become more mature with every passing year - the highs should no longer be so spectacular, and the lows too should no longer be so depressing. So one idea was back then that maybe what was in April was a weak crypto winter (more like an autumn than a winter) and maybe in the next cycles it'll be even softer.
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