DAY 3:{
"chain": "main",
"blocks": 825136,
"headers": 825136,
"bestblockhash": "000000000000000000005e8995fdc28fc05bdfe5d4a8c276ff57215598cc3b23",
"difficulty": 73197634206448.34,
"time": 1704886852,
"mediantime": 1704886406,
"verificationprogress": 0.9999991165935869,
"initialblockdownload": false,
"chainwork": "000000000000000000000000000000000000000064ea0b5073835b42f97c0dc9",
"size_on_disk": 613315493237,
"pruned": false,
"warnings": ""
}
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I believe that with what the price movement of Bitcoin has been showing us, the ETF won't be approved today. There should be, at the minimum, some excitement and a small surge on Bitcoin going to $50,000, no?
The fact that there are traders selling at the $47,000 level without enough bids to hold it could be an indication that the expectation is negative.
Bitcoin / USD exchange rate was ~25,000 in October. It is approximately 45,000 today. So it is up 80% in 3 months. Isn't it the upward trend that you seek? Isn't it enough? |
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but everyone speculates that the SEC will approve more of them f they give ARK a positive response since they would not want to make it look as they favor a single one by letting them get ahead of others.
So speculations are that if Arks gets a yes so do the others that met all the requirements.
Thanks for the picture. So the most important date is the 15th of March, where all the rest need to be decided. That's approximately 1 month before the halving, which is also important to note. Let's see how it goes, I doubt it's going to be good for Bitcoin, but as I have said multiple times, they need to control as much Bitcoin as they can and this is a way to do it. |
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I have lost the whole ETF approval subject, but now I tried to research about it.
What I haven't yet understood is which ETFs are supposed to be approved/rejected today. Is it only the ARK's ETF, or there will be one decision for every company's ETF?
I thought BlackRock also wanted to create a bitcoin ETF. Will this be decided on another date?
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Enkrypt is OPENSOURCE
I wanted to see this wallet's code, just because I never heard of it since I don't use ethereum tokens. There are 2 issues: 1. I went to the releases page on their github. Can you guide me to any details on how to verify the download of the files? They don't provide any SHA256 checksum for the packages. There is of course a chance that I haven't seen it anywhere. 2. To be honest, I highly doubt that people will ever try to download the package from their github page but instead they will go to the website. But again, even there, there is no GPG signature to verify the download. For me these 2 issues are a red flag, no matter how many years the wallet exists, nor how many stars and forks it has on github. |
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Well my friend I live in a rural area and that's why the slow internet connection. I never had a stable connection. There will always be some problems whether its my isp or the fiber or their hardware or the main server or anything which can cause to no internet. Also load shedding is very common in our country but we are used to it. No worries.
Your situation is the exact reason why I always vote in favour of small block sizes. Even under the circumstances you described, you still have the opportunity to run a node, but it will just require a little more time. Imagine if the blocks were 10 times larger, how difficult it would be for you to finish the IBD. Kudos to you for trying, I know the motivation is not only the 14 merits. Keep going! |
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DAY 6 progress:Progress is bit slow for me. Electricity was out for 7 hours today and my internet speed sucks as before. That's why I couldn't run the bitcoin core. Waiting for December 12 as they are suppose to increase my speed from 5 MBPS to 15 MBPS on dec 12. After that, we can hope that the progress will be faster. Another thing is that, I know its a 14 days challenge but I intend to run it until I can reach a 100% sync no matter how many days it takes. No point in closing it halfway.  Hello. The idea of this topic is to introduce new people to self sovereignity by running their own nodes. There absolutely no reason to stop after it syncs, as you said already. We must learn to run nodes. This way, the network will become more decentralised and we will be our own bosses. I am sad to see that you have so slow internet. Is the speed that low in general in your country? At the same time, 7hrs without electricity, it sucks... I hope you are ok now. |
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Which model? My experience with Pi nodes was... mediocre, to say the least, in the (now somewhat distant) past. Especially due to initial block download time. In my guide, I showed that you basically really want 8GB of RAM. It's the Raspberry Pi 4b 8GB RAM as I mention in the first tutorial. To be honest, I chose the RPi because it was very cheap, but if I had plenty of money I would probably choose an NUC. The 8GB RAM sound sufficient of course. The IBD took 72hrs for me. I highly recommend Core Lightning (as used in my guide). You can take my guide as a starting point.  Yes I will go with CLN and I will definetely take a look at it. |
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Thanks, I try to keep it updated, as seen in the changelog. I'll update it again this week; it's been 6 months..  My guide is more focused on setting up a dedicated machine that runs all (and only) the Bitcoin 'essentials'. Yeah mine too. I thought of running all the essentials on a rapberry pi. The only thing I haven't yet figured out is whether I will make it a Lightning node as well. If I do, I will probably do it using CLN and not LND. But I need to find the necessary time, otherwise I will never make it. |
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Looks great now, super comfortable to navigate. So you decided against something like a little 'disclaimer' or information regarding disk utilization at the top of the Bitcoin Core, Electrs and Monero guides? No, absolutely not. I have just forgotten about it.  I am adding it now! I will run sudo du -sh on each directory and I will update the posts. I think with Core and Monero people will find the information online easily; just Electrs was surprising to me when I first installed it. Maybe I shall add information about that in my own guide.. Very nice guide. Congrats to you too. |
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Bitcoin is a decentralized currency It is very difficult to say whether such coins like Bitcoin will be discovery in the future. But in my opinion such coins will not be another discovery.
What is yours opinions?
I am not sure what you mean. There are currently literally more than 10,000 useless altcoins, that's why people call them shitcoins. In my opinion, none of those have anything to offer to the community apart from Monero, which adds some attributes that Bitcoin lacks and make it even more private. Apart from these 2, I don't think any of the other coins are beneficial. They just exist because some people earn money from inventing them. |
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And, I would add blocksonly=1 entry in bitcoin.conf file and set the correct value of dbcache in it. In general situation the rule of thumb dbcache=1/4 RAM, i.e. for 8 Gb of RAM dbcache=2048
Good suggestion. Recently I downloaded the whole blockchain in 72hrs using a Raspberry Pi 4b with 8 GB RAM and a 2TB SSD. I used dbcache=5000 in terms of configuration. Just make sure to change the conf and restart bitcoin core after the IBD is finished. |
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Exactly what Loyce said above.
The only thing, in my experience, that will significantly increase your speed is the dbcache option. Set it high enough. Of course, provided that the hardware is proper:
1. high RAM
2. SSD instead of HDD
3. USB 3 connection if the disk is external
4. high internet speed
5. good ethernet connection cable
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That's the part people don't want to talk about, we cannot forget not your keys; not your coins now that it concerns a pump in the price of Bitcoin, but i guess it is what it is. Another thing is that we are only predicting/speculating how the market will move when (if) Bitcoin spot ETF is approved in the United States, we do not know exactly what will happen and if the influence would be so significant, whatever happens, i just hope Bitcoiners do no forget the true nature of the network whilst they are chasing ROI.
Luckily, no matter what happens, we can always trade P2P face to face, or using tools like Bisq. I mean, it won't matter if a CEX doesn't accept my BTC, I don't care, I will find someone who wants it and I will choose the way I want to get paid. In fact there is no reason to use a CEX, nor a bank. Of course, it is more difficult, I get it. After all the efforts I have made to convince the people I know to take custody of their coins, I am now tired of trying and listening to their excuses that a CEX (I don't want to name one specifically) is better because they are used to using the banking system and they think it is the same. Let them sell their coins to the ETF providers, or the CEXs and I will keep buying and selling BTC as I think it is best. |
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DAY 2:{
"chain": "main",
"blocks": 824966,
"headers": 824966,
"bestblockhash": "000000000000000000004f3a85a15a4a66d8d25c719e2eb6fcbc282365b38f6e",
"difficulty": 73197634206448.34,
"time": 1704783575,
"mediantime": 1704782509,
"verificationprogress": 0.9999969936535228,
"initialblockdownload": false,
"chainwork": "000000000000000000000000000000000000000064bdd5c15a751e9a19088eef",
"size_on_disk": 612971397864,
"pruned": false,
"warnings": ""
}
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As a newbie which wallet i can use and will that wallet support bitcoin and other altcoins? I know some wallet names like Coinbase Wallet, Trust Wallet, MyEtherWallet but as a newbie which wallet can I use to keep my assets safe. I have heard a lot of people using trust wallets. How trust wallet is reliable for holding bitcoins and other altcoins? How likely is it to be hacked?
The most important thing is not the wallet software but rather where the keys will be stored. If you use any of the afforementioned wallets, the keys will be on your mobile phone (unless I am mistaken). So, since the device is connected to the internet, there is a leak / hack possibility, no matter which one you will choose. However, apart from that, I definetely support the idea of storing your Bitcoin in a separate wallet than your altcoins and I vote for electrum as well. I don't own any altcoins except for monero, so I am not sure I can give advice regarding the altcoins, but you could buy a trezor and store the keys for the altcoins there. |
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This is exactly the kind of posts / topics I don't want to see in the forum.
These topics have no value at all and of course they offer nothing to the forum.
Kruw, I am against these topics whoever the OP is. In case you were the "victim" of a similar post, I would say the same. The forum doesn't need these topics.
But! Kruw, you are constantly trying to promote Wasabi as the only software that exists in the world. As a community we are in favour of new approaches, new tools, new services, but of course, we verify their integrity and their privacy before using them. So, claiming that Wasabi products are the only ones that people should use is kind of oxymoron, if you also claim to be a bitcoiner.
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<~snip>
I will definetely do both, in fact the first suggestion is very useful. That way it is more apparent that the posts are part of a series, otherwise, one could miss it. Thanks |
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It's specified in megabytes and it can be a maximum of 16GB.
Actually it's specified in mebibytes, according to this from bitcoin's github: -dbcache=<n> - the UTXO database cache size, this defaults to 450. The unit is MiB (1024).
The minimum value for -dbcache is 4.
It doesn't really make a big difference, I just mention it for the sake of accuracy. |
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Great initiative NotATether. I am obviously running nodes since I started my bitcoin journey, but since I have less than 1000 merits, I will participate with one of my nodes. DAY 1:{
"chain": "main",
"blocks": 824839,
"headers": 824839,
"bestblockhash": "00000000000000000000e205f4449a5ddbbe5aa29964d00b05c6b88e4ad3757c",
"difficulty": 73197634206448.34,
"time": 1704704580,
"mediantime": 1704699308,
"verificationprogress": 0.9999952006027929,
"initialblockdownload": false,
"chainwork": "0000000000000000000000000000000000000000649ccedf7c72035b2f18ad28",
"size_on_disk": 612733635152,
"pruned": false,
"warnings": ""
}
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