What's wrong with my thread? I am just listing all the topics which are created by some members of the community on how to earn merit.
I am not giving or taking merit, I am just listing the topics in one post to make it easier for newbies.
For not to receive complaints from people, try to lock the topic. Which means, they can still consider it good and valid if locked. |
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This forum is not about creating posts of how to earn merit, it is becoming too obvious, this thread should be locked because it can not have any meaning posts. Please, lock this thread.
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"A new liquidity mining pool DeFi project, Yfdexf.Finance has exited the market after defrauding investors of $20 million in total funds locked in its protocol," media outlet ZyCrypto wrote on Sept. 10. The project shilled its vaporware hard via Twitter and messaging apps such as Discord over the past 48 hours, ZyCrypto detailed. Cointelegraph tried tracking down details of the effort, but all traces of the scam appear to have been deleted at press time. The DeFi space has moved incredibly fast in 2020, especially in recent weeks, with projects such as SushiSwap seeing millions of dollars in action only days after its launch. Some such projects, however, have proven to be problematic in a variety of ways. https://cointelegraph.com/news/another-defi-exit-scam-just-made-off-with-20m-in-investor-funds |
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There are many other cryptocurrencies news you can visit, I will mention the ones you can even get their apps for easy use. * CoinStats * BTCNews * cointelegraph * Coindesk * Crypto News * Cryptocurrencies: Prices, News, Portfolio * Crypto News Scoop * Blockfolio App * CoinMarketApp – Crypto, Portfolio, ICO Tracker Read more about the apps https://totalcrypto.io/cryptocurrency-news-apps/ |
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Cryptocurrencies forensics experts from Xrplorer warned on June 15 of an elaborate phishing scam where hackers try to steal the secret keys of XRP users, under the false premise that Ripple is giving away tokens. According to the report, the scam campaign, whose origin dates back to approximately January 17, 2020, began sending memo messages with minimal XRP amounts that said: “Starting February 1, 2020, Ripple is releasing 3 Billion XRP to incentivize network users. Get 25% more XRP added to your account balance in just minutes.” The scammers linked to a website inside the memo impersonating the Ripple’s Insight blog, with the message of the alleged “grand giveaway” promoted by the company. Usage of “homoglyph/identical” domainsThe scam’s primary feature is the fact that the fake Ripple websites appear legitimate, not only because of the exact replicas of the templates used to build the site but also because of the scammers also use “homoglyph” domains. A homoglyph is a character that can be substituted for another, making it more difficult to spot quickly. That’s why instead of the original domain “ripple.com,” the scammers acquired the domain “rípple.com” and use it on fake sites to appear legitimate at a glance. According to Xrplorer, a new wave of phishing attacks emerged in May 2020. This time, it was not with payment memos, but spam emails targeting people interested in XRP. Total amount stolen As of press time, the scammers managed to steal over 2,100,000 XRP ($ 399,000) and laundered around 1,980,000 XRP ($ 376,200), mainly through swap services like ChangeNOW and CoinSwitch, according to the report. Experts from Xrplorer say that a fake XRP giveaway scam emerged in January 2020 and remains alive. https://cointelegraph.com/news/phishing-sites-use-trick-letters-in-domain-names-to-steal-xrp |
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Some people should try to investigate about a business or a website before investing anything on such websites, because of greed many people are scammed. I think of it that it is not possible for a website to double money in less than a day, this is not possible, it is just a scam. Some people are scammed because of greed, they do not want to be patient, they only believe in scam until they are scammed.
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Some weeks ago, I told two of my friends about bitcoin and how to use it, I tried to devote my time for them. The two of them like bitcoin they were interested. I opened electrum wallet for them. After some weeks, it was even yesterday, a friend of mine contacted me using Whatsapp, he told me what he saw online, that it is even possible to double bitcoin online. He wanted to double his bitcoin, I told him that it can be a scam that he should send me the link. https://bitcoindoubler.tech/ The website want people to deposit a minimum amount of 0.002 bitcoin to a maximum of 10 bitcoin, that in 10 hours the bitcoin will double. I told him immediately not to do it that it is a scam. I would have blamed myself for telling my friends about bitcoin, but I was happy because he did not send his bitcoin but told me about it before doing anything. But why are scam very obvious now, some are even having domain and nothing done about it. Is it because cryptocurrencies are not regulated the way it suppose to be or this is just how the world is?. |
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Go and learn about analyses very well, nobody will give you accurate information about bitcoin speculation and trading. Trading is risky, you can lose your money. In future trading, you can make up to 10x of the bitcoin you use to trade. It is possible for you to make $100 with $10. But, the more you put the leverage, you can easily lose. Learn about trading, margin and future trade. But I will not advice you to do that because you can easily lose your bitcoin.
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I am not ready to receive any vaccine, the virus has really died down in my country, I wish it is just going like that. With this, I do not believe in any vaccine now. Our prevention has helped, with time the virus will go, that is just it. This vaccine is new, I can not take anything that can affect me later in life or that will after my offsprings or the generations to come. Our generation is becoming more prone to disease maybe because of modern days time and their ignorance about what they are developing in modern days.
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That means for 20 transactions, single payment 20 times in fee will be 20 times higher. But if I send to 20 addresses at ones, the fee can only increase 3 to 4 times due to the transaction size. This is still lower.
I think you misunderstood me. Sending 20 single transactions with 1 input / 1 output each, costs 3-4 times more than sending a single transaction with 1 input / 20 outputs. I get you more and clearly now. Which is the reason I even asked question. I have also gotten that. Thanks. |
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The overall fee you pay depends on the fee rate (sat/B or sat/vB) and the actual size (bytes or virtual bytes).
Fee [sat] = fee rate [sat/size] * size
A single transactions with 1 input and 20 outputs is at roughly ~800 vByte.
20 Transactions with 1 input and 1 output each, are roughly 3-4 times larger in size. And therefore the fee would also be 3-4 times larger given you use the same fee rate.
I appreciate your answers. That means for 20 transactions, single payment 20 times in fee will be 20 times higher. But if I send to 20 addresses at ones, the fee can only increase 3 to 4 times due to the transaction size. This is still lower. What matters is the size of the transaction, not the actual amount been sent. I think I understood this in details now. Thank you all. |
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But what about the fee? Is it still going to be the fee that will be charged for only one transaction? Or will be more?
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Good day all, happy new week, I have found this forum so help but always having question to ask as I am knowing more about bitcoin.
I am thinking if someone want to send bitcoin to many people or many addresses, if the transactions is done separately for each addresses, the more the transaction fee will be getting higher. I want to know if there can be an alternative way to do this.
Is it possible to send to more than one address but only one fee will be charged?
If yes. How can I do it?
I will appreciate all your responses.
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I have read about CPFP very well, I now understand how it works. The output from the previous transaction which remain on the wallet balance can only be used to make a transaction that will help to make the low fee unconfirmed parent transactions to be confirmed along the child (new) transactions.
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Thank you all for helping me out. I have set it up and it was successful.
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I have been studying about bitcoin and wallet technically so far, I have already know how to use replace by fee (rbf), it was very simple for me. But I do not get how to use child pay for parent (cpfp). That is why I want to ask the question here, for you people help me out. Maybe I am just getting it wrong.
For instance, if I transfer bitcoin from bitcoin core wallet with a very low amount of fee but the transaction did not get a single confirmation, normally I can use rbf to pump the fee.
But if I want to make another payment to another bitcoin address, if I use higher fee that can make my transaction to be confirmed fast. Is that cpfp? So that my first transaction will be confirmed at the same time with the second transaction.
Or cpfp only work if I transfer bitcoin again to the previous address but with a higher fee that can make both to be confirmed on time?
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I have just updated my electrum wallet today on my mobile phone to the latest version (4.0.2), I was surprised to see "lightning", I assumed it to be lightning network. I do not really know about it. I saw:
Gossip: Not connected
Connections with lightning nodes
Nodes: 0
Nodes in database
Channels: 0
Channels in database
Pending: 0
Channel updates to query
I practically do not know how to use the lightning network. I will like your help. How will I set up a channel? Can I set up the channel on electrum wallet directly?
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I think that we need to add another 8 items to this list, which is also important. A distinctive feature of the Ponzi scheme is that it sets a guaranteed profit for a certain period of time. There is no guaranteed profit in bitcoin: here everyone can get a profit if the price of BTC increases, but they can also get a loss if the price of bitcoin decreases.
You are right, I will add this to it too. The profit earned in trading or investing in bitcoin depends on the bitcoin market price. |
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