In general, channels that post signals are pump-and-dump scams.

Here is how it works:

1. The channel operator buys a large number of tokens.
2. Afterward, the channel operator publishes a "signal" telling everyone in the channel to buy the same token.
3. The price rises as the channel members start buying.
4. The channel operator sells all of her tokens as the price rises and makes a profit.
5. Channel members eventually stop buying and start selling.
6. The price plummets because there are no more buyers.
7. Channel members are stuck with worthless tokens.

Originally, a node and a miner were the same thing because the node software also contained the mining functionality. However, now the two are generally distinct.

The function of a node is to communicate with other nodes, exchanging information about transactions and blocks. Nodes form the "Bitcoin network". A node validates all transactions and blocks it receives and will not propagate invalid blocks and transactions. All Bitcoin software (including wallets and miners) connect to the Bitcoin network through a node.

The function of a miner is to extend the block chain by constructing new blocks from transactions and publishing the blocks to the nodes.

The seed/recovery phrase does not act as a password. It should never be used anywhere except to recover a lost or damaged wallet.

Still reading, but I found this...

That misconception will never die.

The correct checksum is 0001, so the last word is 11111000001. The phrase is verify merit vapor prize quiz volume theme lucky young yellow life weird

Everything you did looks, ok except that you cannot use notepad to create the file being hashed because it stores a text version and not the binary itself. If you save a hex value instead of binary with notepad, you may be able to use "CertUtil -decodehex ..." to convert to binary for the sha256 calculation.

You can use this site to check your results: https://iancoleman.io/bip39/

My understanding is that a pruned node reduces the amount of space required but it does not reduce the time it takes to sync.

Technical analysis is financial astrology.

Personally, I don't feel that there needs to be an explanation. Numbers used in arithmetic should be signed. Denying the existence of negative numbers is bound to lead to trouble.

There is no benefit to pegging Bitcoin to any fiat currency.

I believe that the value of a bitcoin will become less volatile as adoption and usage as a medium of exchange increase.

That's regarding an issue with timestamps.

The words in the BIP-39 word lists are in a specific order, but I wouldn't depend on them being in alphabetical order. And, as hosseinimr93 pointed out, the first word is 0. Here are the "official" lists: BIP 39 Word Lists


Most languages have cryptography libraries on Windows and Android that include a variety of hash calculations. Windows has the CertUtil command, if that is what you are looking for.

I assume signed because it is common to have negative amounts of money (debits, for example). Besides, the range -2.1x10¹⁵ to 2.1x10¹⁵ easily fits in a signed 64-bit integer, so there is no reason to make it unsigned.

The right way to do it is to follow BIP-39:

• 1. Generate 128 random bits.
• 2. Compute the SHA-256 hash of the 128 bits.
• 3. Append the first 4 bits of the hash to the 128 bits, giving you 132 bits.
• 4. Split the 132 bits into 12 11-bit values.
• 5. Generate the phrase by using the 11-bit values as indexes into the list of 2048 words.

However, there is another way similar to what you want to do, but the result may be less secure depending on how random your input is:

• 1. Select 11 words from the word list. Duplicates are acceptable.
• 2. Concatenate the indexes into a 121 bit string.
• 3. Add another 7 bits, random, 0, or whatever.
• 4. Compute the SHA-256 hash of the 128 bits.
• 5. Append the first 4 bits of the hash to the 7 bits, giving you the index of the 12th word.

Finally, here is minor variation of the previous method. Again, the security depends on how the words are chosen:

• 1. Select 11 words from the word list. Duplicates are acceptable.
• 2. Determine the 128 words that would be valid as the 12th word.
• 3. Choose one.

The post was about the precision of values displayed in the UI.

He was writing that a higher precision was unnecessary at the time, and that more precision would be necessary in the future when the price would be higher.

Why is the primary unit set to 100 million satoshis? That was never explained.

It is basic economics. Money-printing causes (or at least contributes to) inflation.


Yes, and when the supply of something increases, its price decreases. The money is worth less so things cost more -- inflation.


Yes, and when demand for goods increases, the prices of those goods increase -- inflation.


Exactly.


I agree with you on this point. Bitcoin will actually increase inflation (as measured in government currencies) because it will reduce the demand for those government currencies, lowering their values.

Possibly, but probably not.


What do you mean by you "looked into tickets"? Is it possible that this action put you on a list that was sold to ticket sellers?

True, but does a centralized energy system exist now? No.

Will all the energy in the world ever be controlled by one entity? Probably not.

So, the question is moot.

You can't. Only banks can hold fiat in electronic form.

By your criteria, there are thousands of people who could be a good candidate because being well-known does not make someone a better candidate.

When I first saw Eraserhead, I walked in late and the movie made absolutely no sense at all. When I watched it a second time, I realized that actually I did not walk in late the first time.