Bitcoin marketcap dominance was lower than 50% last week according to Coinmarketcap, but not long when it increased back above 70%, according to the news I read, the bitcoin dominance at the start of this years was 70.68%, but decreased to 49.35% last week Thursday. The last time bitcoin dominance was below 50% was in January 2018. 2018 was the worst year for bitcoin ever as its price decreased below what many people could expect. The price has increased significantly some days before 2020 halving and continue to increase till this month of April. But I am thinking it is possible the decrease in dominance just like 2018 (below 50%) is indicating another bear market like that of 2018 gradually setting in. What is your opinion about this? Though bitcoin price can not fall below certain range even if it decreased. |
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I think a sign message or the knowledge of it is a necessity for in-forum and off-forum Bitcoin-er, but many aren't knowledgeable about this necessity, I actually experienced difficulty try to sign a message from my mobile phone, till I tried it on my Laptop.
There is nothing hard to sign a message using mobile wallet, mycelium wallet can sign a message, coinomi can sign a message (but coinomi is close source which is the reason I do not recommend the wallet). Electrum can sign a message too, but only on desktop versions, its mobile versions do not support message signing even in the latest release. Which mobile wallet did you use? If it is electrum, it can not yet sign a message, only the desktop can for now. |
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You have two good reasons why lightning network can not be used to manage a campaign: 1. The payment is not treaceable just like onchain transactions. 2. No wallet yet support multiple payment. I think using lightning network should not be suggested for now, a campaign manager can just still go for altcoin like Litecoin or Monero for payment which have low transaction fee. If I am a campaign manager, I can even manage a signature campaign in which I will request users to submit both bitcoin and altcoin (like Litecoin) addresses. I may use altcoin address for payment if the network is congested as it is recently.
And as for the question, I just want to see peoples opinions. Having a lighting network bitcoin payment could be the fast reason I may choose lightning network for now, but yet I do not see any good reason I should use it, no friend around me is using it. |
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4. or just use a non KYC p2p exchange like Localcryptos, bisq etc
If a trader is a day trader or even swing trader, he can not use p2p exchange, p2p exchanges are for people that want to sell crypto for fiat. Localbitcoins is not a non-kyc exchange, Localbitcoins according to its terms of service, it will require strict kyc, for people to have privacy, Localbitcoins is not an option. Bisq is a good exchange, in fact it is a decentralized exchange, it is one of the best for privacy, but the mining fee can be high, but it is a recommended exchange to use. |
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I notice that without a private key a coin that is been gotten like two years can't be retrieve, so in this effect does it mean that their is no any other ways or means someone can bypass private keys and penetrate into he or her coin without applying private key? Because at some extent it can be very easy to lost a wallet key that contain big account of cryptocurrency base on the coin using, so what is the remedy if we lost private key? And how can we retrieve a private key if been misplace, is it possible to retrieve it?
Please am here to learn what I don't know.
If you love the coins stored on your wallet, you will not lose the private key. If you think private key is hard and consist of numbers, letters and other characters that are difficult, then try to create a seed phrase. If you know 24 words are too long, then create 12 word seed phrase and do a proper backup on paper and store safely, make like two other copies and make it beyond the reach of any other person. The other way is the have your wallet file as another backup but wallet files are not that reliable as they can be corrupted. Without these mentioned, you will not be able to access your coins, which means you should protect them. |
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The latest version of Electrum creates native segwit wallets by default and, afaik, Binance supports all addresses formats (legacy, nested and native segwit).
It is true that latest electrum which is 4.1.2 will create segwit wellet by default, but binance on the other hand does not support nested segwit, binance only support legacy and native segwit. But this should not be the talk because you can withdraw from binance to any address of your choice, I do not think it should be a problem. As for the OP, he is not getting something right, this should just be the abc part of bitcoin that all bitcoin users do know. |
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It depends on the wallet. If you're using Binance or Bitcoin.com, no, you can't send to any address type. As far as I know, you can only send to legacy (1) and nested segwit (3) addresses.
If you want to withdraw from binance (in case of OP)He can withdraw to any address, he can withdraw to legacy, compatible (nested segwit) or native segwit address. But the best is for the OP to make use of native segwit which is electrum default address wallet type in version 4.1.1 and 4.1.2, to be able to use low fee on electrum during transaction. If he wants to send bitcoin to binanceBinance only support legacy (address that start with 1) and segwit (bc1 type). Binance is not supporting compatible addresses (nested segwit which starts with 3). |
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You now have Nested segwit addresses starting with “3” that can be used to spend funds from your Binance. Just remember that procedure once you want to recover the wallet in the future.
Please, I do not get this, someone can send bitcoin to any generated address? Irrespective of the address he is using or that is generated from electrum, he will still be able to withdraw the bitcoin on binance. |
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Atomic wallet is closed source. Their actual claim is they use open-source library.
Changed. That means it is hard to see any altcoin open source wallet, or is there any open source altcoin wallet? |
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I was surprised to see the price of bitcoin below $1 trillion dollars today, but that is how bitcoin price do fluctuates. Bitcoin is just a limited asset, that makes it valuable, its price can rise and fall back, but over long time, there will be a next rise.
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Can I google translute this information of yours in Bengali and post it in Bangla thread? Can I be approved ??
Do not use translator on this forum, anything you want to translate into your language must be from you not translator. Why will you also translate this and post it on your local board? It is highly not necessary and it not useful. Visit your locale and understand how and what they are posting first. |
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You need to follow the rules, violation can result to permaban or temporary ban. Do not spam, do not plagiarize, understand this forum, do not rush but take it easy and contribute. Before you start posting, read this and understand it carefully, click on all the links and understand them very well. Newbies - Read before posting |
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Freewallet- has history of blocking accounts
- it is a custodial wallet
- do not give private key
- you do not have full control over your wallet
Atomic wallet- Close source
- noncustodial
- gives private key
- full control
- but generating only legacy addreses
If you want bitcoin wallet, go for electrum, you can go for atomic wallet if you want altcoins wallet, but not having nested segwit and native segwit derivation paths afaik, but many altcoins have low fee.
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I doubt if the majority of the participants have used LN before.
I believe if a campaign manager makes it as the method of payment, people will find it easy to open and close a channel. For people that do not know about bitcoin, to even make a payment onchain can be very difficult for them, but yet we members here know how to. I do not think lightning payment should be a problem unless the offchain payment is not safe to use. Why is it dangerous to hold a great amount of coins with LN? You're locking your funds on a multi-sig address that you can withdraw the final result cooperatively or uncooperatively whether your node wants it or not. Am I missing anything?
People still believe it is still at its experimental stage, that is why wallets like electrum do warns people not to use huge amount for it. But lightning network has been existing since many years ago, it is getting low adoption, this still surprising me. |
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While security by obscurity is something that most secure element manufacturers uses, it doesn't apply in this case. The vulnerability is an inherent weakness in the chip and IIRC, the chip itself is closed source.
I did not get you, Ledger nano is the hardware wallet I know making use of a chip and it is used as the wallet secure element, this chips are close source and a way the seed phrase can not be known through such attack, how is it related to trezor? I will be glad if you explain further. |
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What exactly is this? Would love to read the article about this if you have reference link then please do share it.  Yes, it is the reason for the abrupt price surge of the bitcoin transaction fee. The link given below: Chinese mining pools’ hash power plummets amid regional blackoutsI believe those miners in that region of China are currently back mining again, or quickly taken over by other miners from a different region. The network has also not seen any long delays between blocks, https://www.smartbit.com.au/Very possible. |
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I have noticed one thing, that signature on this forum are not yet using bitcoin lightning network payment. Lightning network payment makes bitcoin transaction cheaper and faster and it is supported by some recommended wallets by now, two of the good wallets are bluewallet and electrum. I have not used lightning network before but I will prefer electrum because it is noncustodial and yet open source.
I believe campaign managers will be the best to answer this question, I will like campaign managers to give some valid reasons they are not yet using lightning network for paying, also people can comment about any suggested reasons they are thinking to be the reason.
Or is lightning payment not yet safe?
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How about this, fiat a medium scammers use? Is that not correct? It is correct. To help yourself, know all ways scammers can use to scam people. Anything valuable and that can be easily exchanged to fiat can be a medium of payment to hackers. The good I saw about bitcoin is that it is going to 10 trillion worth of marketcap one day. Learn how to hold and how to make sure scammers do not scam you because bitcoin still have a greater future.
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