So I finally got my bank account verified on Coinbase and bought my first bitcoin, and now it's telling me that it will take 10 days for the transaction to go through. Why so long, and is there a faster method?
It takes a long time because it takes 3 -5 days to transfer money between banks in the U.S. using the ACH system, and Coinbase waits until it receives your money before it credits your bitcoins. 10 days seems unusually long, but it without any details it is hard to comment further. The fastest method is face-to-face cash through localbitcoins.com or Mycelium's Local Trader, or buying from a Bitcoin ATM. These options are generally more expensive if they are available. |
|
|
|
Good luck with the brilliant on-chain scaling idea. After 8 years, Bitcoin block size is only 132 GB. In 4 months, BCH will double the block size. BCH is miner fascism.
OTOH, good luck using your bitcoins when a transaction costs $100. off-chain Not so fast. If a transaction costs $100, it will cost $100 to open the channel (and then another $100 to close it). wrong. why would it cost $100 to open a channel? besides, $100 is a grotesquely inflated number you plucked out of thin air. If a transaction costs $100 and opening a channel (such as with the Lightning Network) requires a transaction, then it will cost $100 to open a channel in order to spend your bitcoins. $100 is not a grotesquely inflated number. If the max block size stays at 1 MB, then it could easily go to $100. The transaction fee has gone up by a factor of 10 in the last couple years. It has risen as high as $10 this week and I don't see why it couldn't go up by another factor of 10 in the next couple years. |
|
|
|
What was the reason Craig Steven Wright claimed he is Satoshi Nakamoto? Anybody know what is the real reason (what behind the scene)?
Double Dr Craig Steven Wright never claimed that he invented Bitcoin. He told BBC that some body has set thing out for him. Actually it is Jon Matonis and Gavin Andresen hired Craig Steven Wright from Australia and brought him to London to play the drama. Well, Craig has play the last impostor's role of Satoshi Nakamoto. Gavin Andresen sent Leah McGrath Goodman to California to the house of Dorian Nakamoto in March 2014. Then Craig in 2016. Roger Ver published Bali based impostor Satoshi in 2017. As you want to know the realm reason, then listen carefully; The Real Satoshi Nakamoto was about to out himself from the shadow. At this point the Bitcoin community leaders together put Craig Wright on media, by spending money from the Bitcoin Foundation to play the drama to stop real Satoshi Nakamoto to out himself. I don't think there is enough tin foil in the world to make a hat for you. |
|
|
|
Good luck with the brilliant on-chain scaling idea. After 8 years, Bitcoin block size is only 132 GB. In 4 months, BCH will double the block size. BCH is miner fascism.
OTOH, good luck using your bitcoins when a transaction costs $100. off-chain Not so fast. If a transaction costs $100, it will cost $100 to open the channel (and then another $100 to close it). |
|
|
|
|
This is an issue with a Ripple service. You won't find much in the way of answers here.
|
|
|
|
Good luck with the brilliant on-chain scaling idea. After 8 years, Bitcoin block size is only 132 GB. In 4 months, BCH will double the block size. BCH is miner fascism.
OTOH, good luck using your bitcoins when a transaction costs $100. |
|
|
|
|
The problem with these claims that Bitcoin uses X times as much energy as Y is that they don't compare total energy usage. For example, this article quotes data center usage for some big companies but that is only a small part of the company's footprint. What about manufacturing, or even the energy cost of employees driving to work?
|
|
|
|
|
Craig Wright's company filed many bitcoin-related patents. Maybe the intent was to strengthen the patents.
|
|
|
|
|
CT would result in transactions that are 3 times bigger than standard transactions. I wonder how Blockstream will sell the idea of increasing the max block size to support those bigger transactions.
|
|
|
|
Maximum individual crypto coin value that can be put on an ANACS form is $100. Maximum sum of all values if coins submitted is $5000
Really? There is no casascius coin worth less than $600 (unredeemed). I guess the purpose is to limited their liability. |
|
|
|
I'm not only up to the number of views, I want to have more views so that I will be able to get replies to answer my queries. But it seems like only few can see my posts. I'm a newbie and I want to get educated more but I only receive few replies and few views.   There are lots of posts which receives thousands of views and replies. Is it because I'm still a newbie? The number of views has nothing to do with your rank. I think the low number of views is due to the content of your posts. Looking at your posts ... 1. one of your posts asks questions have already been answered many many times. 2. one of your posts is not really about anything. 3. one of your posts is about about posting I believe that your time would be spent more effectively if you do less posting and a lot more reading. |
|
|
|
he halving of the block subsidy on the other hand is a bit off but that's just me. I think that the halving does have an (direct) influence on the price of bitcoin. Atleast in the long run. If every four years the block subsidy halves and let's say the demand doubles as well, wouldn't it be logical that in this case the price would go up as well.
You are confusing "supply" with "production". Unlike other products, bitcoins are not consumed so the two terms are different. Even though the production of bitcoins goes down, the supply of bitcoins (both money supply and market supply) is always (generally) increasing. The halving just changes the rate of increase. |
|
|
|
I have a few coins, i would love to find out how old they are, where they were mined and so on - is there any fun website that could show me this? I mean other than having to chase transactions via blockchain.info?
i also want to do that to know if i can still get bitcoin cash and bitcoin gold ! is there a way to find out whether it has been claimed before or no ?
There are no actual coins, so "when they were mined" has no meaning. You can get the time that the bitcoins were transferred to your wallet, though. You can get bitcoin cash (and someday bitcoin gold) if you held bitcoins in your wallet at the time of the fork. They will remain unclaimed until you claim them. |
|
|
|
Hi,
I'm looking for some anwsers that I can't figure out my self.
Type 1 deterministic wallet use SHA256(string + n) n=numbers of adress since creation to restore adresses.
Does a Type 2 hierarchical deterministic wallet the same? Just with a seed generated from 12 words out of a list and some mechanics to slow down bruteforce?
Hope someone can help me or point me in the right direction.
Thanks
The 12 word seed is used directly to generate all the private keys that the wallet will ever use. It works something like this: the first private key is generated by SHA256(seed). The second private key is generated by SHA256(first private key). The third private key is generated by SHA256(second private key), and so on ... but in reality, it is more complicated than that. There is no need for "some mechanics to slow down bruteforce". Each word is from a list of 2048 words, so each word represents 11 bits of entropy, for a total of 132 bits. However 4 bits are a checksum so the actual entropy is 128 bits. |
|
|
|
can someone PLS explain wtf is goin on in the transaction below? I got an email saying someone sent me about $4 in BTC ...looking at the details, it seems they've sent to a lot of people and I'd just like to know what it means??
Bitcoin Transaction:
48f069889e139d18d124b69c7914493fee9f475f77241fd2884e438c96b3a7f9
on a side note: should I attempt to accelerate this transaction?
That is probably a phishing email. Don't click on any links. 1. Anyone can send anyone an email claiming anything. 2. Does your wallet show that you were sent some bitcoins? If it does, then you may be $4 richer. If doesn't, then forget it. |
|
|
|
|
If you bought $80 worth of BTC at $6000/BTC and it is now $7000/BTC, then it is worth:
7000 / 6000 x $80 = $93.33
|
|
|
|
It would make the most sense to call it "the Bitcoin whitepaper (revised)" and make sure to include a link to "the original Bitcoin whitepaper".
If there are some things in satoshi's whitepaper which bitcoin.org no longer perceives to hold true or which they perceive to be inaccurate, they should make all of the changes transparent. As long as they don't replace the old whitepaper with the new one without mentioning all of the changes clearly, it's okay for them to make some alterations.
I think people commenting on bitcoin.com and some opponents of this suggestion are being very hyperbolic to claim that it's "rewriting history". The old whitepaper will always still exist, it'll just be accessed differently.
Yawn. That article is trying to invent drama and controversy. |
|
|
|
|
Show Posts
