I just saw this topic.

Personally I use exactly what Charles-Tim suggested above:

1. Whirlpool coinjoins, from Sparrow which has this feature enabled (if you want) for hot wallets. For details check Nathan's video here: https://www.youtube.com/watch?v=HIHoNaQdzP0&ab_channel=theBTCcourse
2. Jam, which is actually a UI for JoinMarket. Very easy to use. For details check Ben's video here: https://www.youtube.com/watch?v=FbyjG2upGO8&ab_channel=BTCSessions


You could and you should, in my opinion! As I said in another thread, I would mix my UTXOs from this campaign (I wasn't part of it, but hypothetically) and send them to a wallet specifically created for this purpose. I wouldn't wanna mix these inputs with other inputs I have.

I know you specifically mention CoinJoins, but if you wanna go a little further (I think you do, since you mentioned exchanges) you can read here: https://kycnot.me/search?type=exchange and find more tools to ensure your privacy. One tool I use a lot is UnstoppableSwap which allows me to basically swap between Bitcoin and Monero in a fully self-custodial way. Technically you could get rid of these UTXOs you own switching to monero and then follow the same steps in reverse to get fresh Bitcoin back.

---

P.S in case you choose Whirlpool coinjoins, make sure to remember that it creates change UTXOs in an account that it calls "Badbank". Treat these UTXOs carefully.

In fact, you can not drink alone when in Creta.

Sorry for bumping older posts, but I just realised it wasn't that old, just 2 months old   (And as I said, I have read all the posts 3 times already lol)

Or with coinjoins. You could use whirlpool for example.

To be honest, personally I would:
1. create a wallet specifically for this mixing service's payments.
2. start doing whirlpool coinjoins and let them go to the wallet created on step (1).
3. avoid sending any other transactions to this wallet (any of the addresses of this wallet).
4. if you need to send out of this wallet, just do it from the fresh coinjoined UTXOs.

In my opinion, you will be able to use the UTXOs anyway in the future. However, if everything has gone wrong and all the miners decide to reject these inputs, you want to have them as separate UTXOs. Don't mix them with other ones you may have.

A private key in Bitcoin is 128 bits, no matter how many words you choose to use as a seed phrase. This is because Bitcoin uses Secp256k1.

In fact, every measure you take (24 words instead of 12, multisig, passphrase etc) only help in case the seed phrase backup is exposed. No matter what measure you take, the private key in Bitcoin will offer 128 bits of security.

The best explanation you can find is here (conversation with o_e_l_e_o): https://bitcointalk.org/index.php?topic=5393030.msg63258028#msg63258028

May I ask what exactly do you want to do? For personal reasons?


Prefferably aim for:
8GB RAM
2TB SSD

Anything higher than that is good but not necessary / mandatory.

Just keep in mind that this security only helps in case one backup is lost or stolen. In general, the level of security that bitcoin provides is 128 bits. This Is infeasible to be violated, but what we do here, is we add another security layer on top of that in case any backup is lost.


I will guide you to my post here where I explain how many bits of security OP's suggestion adds, compared to my suggestion.

https://bitcointalk.org/index.php?topic=5477341.msg63312153#msg63312153

Just notice that using multisig essentially adds another 128 bits of security on top of the initial ones. It is similar to using a strong passphrase (128 bits +) security wise.

Man I hope you are alright. 11.5 weeks is 3 months. It's too much... I wish you fast recovery. Although the word fast has kind of lost its meaning. Anyway...

Hey buddy, what does that mean? "Busting my cubes"? 

Oh btw, as I said multiple times, I don't really care who the merit sources are, but I wanted to know the definition.

And to be honest, I think it's unethical to ask for merits. I am doing well, slowly accummulating merits on my own and trying to hide my mischiefs during the process.

My friend fillippone, have I done this correctly?



I 've even got my own t-shirt 

Hi all!

I have made this post before I decided to create my series of tutorials for my BitcoinTalk node.

However it is a great candidate for my 3rd tutorial, so I changed the title and I linked it with my previous tutorials.

However, there is something unique with Bitcoin. Everyone is able to "not comply with the rules" running whatever they want. Then the only thing they need to do is to convince other users to use the same set of rules.

Personal Opinion:
I am personally in favour of not dropping ordinals now, but if the majority chooses to reject ordinals, I will have to obey to this. I will still be able to run a version that allows ordinals, but in fact it won't matter because the majority will reject them.
Finally, I hate ordinals, but it is not safe to run specific code to reject them, because it will also impact other features that I (and perhaps many other users) need.

Luckily the documentation here is good and easy to read.

But yeah Monero is superior to Doge (which I still dislike). In fact I don't like anything other than Bitcoin and Monero. The way I see it is totally privacy-centered. I want to achieve the highest privacy possible and Monero is a great asset in this regard.

It's not only complicated, but it is also not safe.

Let's say you have this wordlist:


Let's also say that the attacker doesn't know anything about your system (group of words, random words in between etc), but they immediately understand all those words belong to the BIP39 wordlist.

So the natural thing to do would be to extract all the 12 wordlists from this list and try to see if they form a seed phrase.

How many ways are there to choose 12 wordlists from the list above? The order matters here, so the Permutations are 32!/(32-12)! = 1.08 * 10^17 =~ 56 bits of entropy.

56 bits of entropy is definetely less than the >100 bits of entropy that you can create with a strong passphrase.

If you want to make this method safe-ish you need to create a list of >250 words = 4.55 * 10 ^ 28 =~ 95 bits of entropy. So, creating a piece of paper with 250 words written upon it, seems somewhat difficult, doesn't it? And even then, the "complicated" aspect that many people mention still remains.

In fact, just imagine that if you have all the 2048 words in front of you, then this offers you ~132 bits of security if you wanted to brute force exactly 1 seed phrase of 12 words from scratch. So, finally, writting 32 words, or 50 on a piece of paper, doesn't provide any security.

Sure, it's just a habit from programming in Java  


Good catch. Adding it now.

Thanks, but everything is under control:

https://bitcointalk.org/index.php?topic=5121375.msg63283999#msg63283999

Setting up LND / CLN is not difficult thanks to DIY options like Umbrel, Start9, Mynode etc. I reckon it requires minimal effort to set it up.
Doing it from scratch though is difficult indeed. I am trying to set CLN to work on my custom node but no luck so far. (I don't have too much time to try anyway).

Ok so we have a similar point of view. If you want to be private you have to run your own node (bitcoin & lightning). Correct? With that said, can you come up with an abstract idea of what a solution would be like? I mean for a proper decentralised network to work, every user of the network needs to run their own computer, both the merchant and the buyer. I think we are limited to that. But, as always, people can "trust" other peoples' nodes to do the job.

Yeah as we said above everything is easier with Electrum Server. Congrats man. So case solved ?

Hello everyone.
I would like to mention two topics I have created.
It's an effort to create a set of tutorials for anyone willing to create a custom node.

Description: [BitcoinTalk Node Tutorial #1] Running Bitcoin Core on Raspbian Lite (GUI-less)
URL: https://bitcointalk.org/index.php?topic=5476754.0
Category: Bitcoin Nodes
Section: Bitcoin - Development & Technical Discussion

Description: [BitcoinTalk Node Tutorial #2] Installing Electrs from source
URL: https://bitcointalk.org/index.php?topic=5477339.0
Category: Bitcoin Nodes
Section: Bitcoin - Development & Technical Discussion

Description: [BitcoinTalk Node Tutorial #3] Sparrow terminal / infinite Whirlpool mixes
URL: https://bitcointalk.org/index.php?topic=5470024.0
Category: Bitcoin Nodes
Section: Bitcoin - Development & Technical Discussion

Thank you!


Thanks mate, yeah I will only look at the tables. However, to be honest, I didn't really wanna know who the merit sources are, but rather who is called a merit source. Anyway, thanks for the info.