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6061  Other / Beginners & Help / Re: My experience with running a lightning network channel on: February 09, 2019, 02:35:31 PM
They're quite good the apps. Just a few issues.

Bitcoin lightning wallet:
They backup your channels "state" to their own servers so you have to pay 1000 Satoshi for every 50.
You can't receive more than 2% of what you've ever sent.

With the éclair wallet:
You can only send and not receive and I haven't tested that much again yet because it didn't really interest me...

The apps are good for walking into a store and buying something as it's fast but it isn't very practical if you're trading or something without a node.


Did you find any desktop apps that don't need a full sync of the blockchain of bitcoin to run?
6062  Other / Beginners & Help / Re: My experience with running a lightning network channel on: February 09, 2019, 01:45:34 AM
It's called
Bitcoin lightning wallet
You have to pay a fee to open and close a channel though but other than that its quite cool...

The app and its details can be found here: https://play.google.com/store/apps/details?id=com.lightning.walletapp

You may want to wait until you have more bitcoin accumulated since its impossible to open a channel without a minimum of 300000 Satoshi (0.003 bitcoin). That isn't the minimum amount to spend, but it is the minimum you need to open a channel.
6063  Other / Beginners & Help / My experience with running a lightning network channel on: February 09, 2019, 12:04:03 AM
The forum seems slightly lacking in interesting content at the moment and I'm thinking of writing down my thoughts on using the lightning network to see if anyone has anything to contribute to them or if they've used it in a fairly interesting way (or even if they've just used it).

I funded a channel with 0.01 btc on the bitcoin lightning wallet and started using it on the site https://lightning-roulette.com essentially just to try burning some funds to test it and I was quite happy with the results. The transactions cleared through within about a second after sending them (probably even less than that time).

The invoicing system is quote quirky but it's still quite nice and I assume a lot of websites have an "open in app" the issue I had was with the bitcoin wallet was that there isn't one just for receiving but I think that's because they want to keep the network going with more nodes to connect to it... The bitcoin lightning wallet on android requires you to spend a certain amount that you can't receive that much back.

If anyone would like to test out sending lightning payments we can do a mutual test as I'm quite interested in the technology and there isn't much out there avaliable that isn't gambling atm, although 1 Satoshi in roulette (or more) is quite cheap.
6064  Economy / Service Discussion / Re: Bitmain promoting BitDeer is it scam or not? on: February 08, 2019, 10:28:08 PM
see today, its better to be in LTC then mine BTC, perfect reason guys to not support their mining S15, if no L3 (later when LTC is even more price then now) or L4. It can happen that L3 will be profitable, and they will not offer them at hashnest, why they dont shut down hashnest,...i dont get it, will they restart or not...if not then close it....

Nah. There's probably a lot of money on there for people to need to take out.
They've closed down all of the marketplaces, this might be a time where you'll just have to accept it and let it go...

I'm guessing you hold some ltc, why not see if someone will give you a miner hosting contract or something?
6065  Bitcoin / Bitcoin Technical Support / Re: Creating a multisig address with HD key/ non-HD key? on: February 08, 2019, 05:33:12 PM
Yes it is! They're all still private keys, they follow the same format just one can be derived from a seed.

You can do some useless fancy stuff with these keys to oalrhough I'm not sure why you would do what you're trying to do. There may come issues later on when you try to make and sign a transaction if they're on different applications (unless you have all three on an instance of electrum or something or you want to spend them all at once and can import them to bitcoin core or another client at the point you want to spend them).
6066  Other / Serious discussion / Re: Clearing computers used by an ex-Bitcoin miner on: February 08, 2019, 04:09:30 PM
You can take 10% legally if you so wish. It's an old law designed to give people an incentive not to steal and return things back to where they came from...

Train companies like to use that law to make even more money. I wouldn't be surprised if they sold everything back to you... "you left this bag sir, we believe its worth £20 so give us 2 and you can have it back"
6067  Other / Ivory Tower / Re: The Jet Cash coffee lounge thread. on: February 08, 2019, 11:49:07 AM
He could've died though. One of the treasurers here died with what I think was a few thousand bitcoin... His family couldn't recover the funds so they were just gone from the forum.

This isn't something that will quickly be resolved there might not even be a solution or anything that becomes possible from it. Still, if you're given a terminal diagnosis one should expect you'd give at least someone else access to the funds, even if it's timelocked.
6068  Other / Serious discussion / Re: Clearing computers used by an ex-Bitcoin miner on: February 08, 2019, 11:33:22 AM
If you get any gpus can I have one or two? My one on its own can't run my compiler very well... Takes it about 5 minutes Grin.

I didn't think mining in the UK was ever profitible?
6069  Other / Serious discussion / Re: Clearing computers used by an ex-Bitcoin miner on: February 08, 2019, 11:25:17 AM
I'm guessing it's rained there though so if you do find any miners you will probably have to take out the hash boards and leave them to dry for a bit.
6070  Other / Beginners & Help / Re: Decentralized verification of centralized services on: February 08, 2019, 01:20:02 AM
You're actually providing your own opinion in your post, it's not something related to help. I think you should have posted this in "Serious Discussion".

He can't do that it's jr and up...

I don't see why you wouldn't store emails on a blockchain. A lot of corporations that use email services such as outlook encrypt their messages first with pgp keys. Imagine doing that in a piece of software, it'd be fairly easy to code... For internal messages especially itd be quite helpful.
6071  Bitcoin / Legal / Re: How bitcoin inheritance can be achieved. on: February 08, 2019, 01:09:45 AM
Make a multi-sig (2-3), one key for you, one key for your wife/husband, and one key for your child. If you died, your spouse and your child can move or use the funds. Not the best idea but it should work if you have a family and you can trust them.

I will take every satoshi I own down with me in case something happens to me out of nothing. I just can't think of a way that I will ever be satisfied enough to arrange something like that. I'm just too paranoid. I have been through enough to understand that there isn't a way to trust anyone that's close to you.

Using timelocked transactions doesn't require trust. That's why it's a superior model vs. any sort of multi-sig arrangement. The only problem -- besides needing to periodically re-spend the outputs backing the timelocked transaction -- is ensuring your inheritor is competent enough to secure their wallet and take possession of the coins when the time comes. But I suppose that's a problem with any Bitcoin inheritance scenario. It's about as good as it gets.

Of course, using a dead man's switch creates incentive for your inheritor to kill you, but so does executing a will. Wink

Well that went a bit dramatic. I don't think many family members would be up for killing me... I think thats a bit overdramatic for a family member to kill you for your bitcoin...

I could always make it so my funds go to a funeral parlor so I get the tomb I've always wanted Grin (with easy access to get out but not in)...

The solicitors could kill you too if your bitcoin goes up really high. And any wills are subject to high amounts of tax unless its strategic...
6072  Economy / Service Announcements / Re: [ANN] ChipMixer.com - Bitcoin mixer / Bitcoin tumbler - mixing reinvented on: February 07, 2019, 08:31:46 PM
No this isnt what happens at all.

When I've used them. In the past they use ptm transactions to keep the fees low(ish) I wouldn't be surprised if they were mining their consolidation inputs at the same time since they only need 1 block per day.

When I've withdrawn in the past, and if you try this, check your address and go to the transaction that funded it, you'll see that if its a 0.001btc chip for example it probably had an input of 0.02btc which was split into those transactions. I'm not sure how larger chips work (ive used them they're just really far down my history) but for the smaller ones this is definitely true. Since transactions also have a fee rate that is lower after several inputs and outputs are combined and presumably these funds are sent to cold storage once they arrive the coins coming in will likely be merged with many others too making it less untraceable.

These funds do look like they come from a mixing service or a similar service such as a pool that uses the same payrate with chips but a lot of people use these mixers for fun anyway or to obfuscate a source of funds say between a personal and business address.
6073  Economy / Service Discussion / Re: Bitmain promoting BitDeer is it scam or not? on: February 07, 2019, 08:20:57 PM
yeah the gloorz days of hashnest, S15 for 1.5K buks, sold in 2H 1K units, then at their market its at 3K+, but i dont mind the S15, i want L4, i know they have it, i just know it,...just put it in the hashnest, and the ltc will skyrocket haha

It'll be good to get ltc on. It deer at least. I have quite a lot of ltc reserves to splash into their market...
6074  Economy / Service Discussion / Re: Bitmain promoting BitDeer is it scam or not? on: February 07, 2019, 04:44:56 PM
i was at hashnest, and i still wait they start offering miners, i can wait whole life not a problem,...haha
Such a loyal fan of hashnest! Are you pushing bitdeer to provide same service like hashnest? Grin

I'm guessing he wants hashnest back for the market manipulation...

As it went it was quite a dodgy system. Hashnest sold minders at a standard rate and then they'd get listed on the market for a lot higher. People would buy them because they had no better choice if the miners were no longer in the shop or they couldn't afford them...
6075  Other / Meta / Re: Suggestion: Display risked bitcoin amount on profile. on: February 07, 2019, 02:46:22 PM
Multiple tagged from the same scam won't count toward risked btc value


We'd need to reprogram hilariousandco to do that with some fancy ai stuff. It's just not feasible.

If someone posts a bitcoin talk reference link and one posts an archive.is link for example. Or one posts a different risked btc. Maybe a user thought the scammer got away with 5btc and one thought it was 10?



It's a good idea its just hard to implement at all...
6076  Other / Meta / Re: Suggestion: Display risked bitcoin amount on profile. on: February 07, 2019, 11:10:03 AM
Most people when giving trust don't give a true risked amount. And are we talking just about dt members or all members?

If it's just dt then it might not be much of a problem but it probably won't be a very good reflection of anything...
6077  Economy / Service Discussion / Re: Bitmain promoting BitDeer is it scam or not? on: February 07, 2019, 11:04:38 AM
I think they're trying to get a hedge in case the currency goes downwards. I wouldn't be surprised if they've started selling their stake since the second fall in order to recoup profits or at least selling the stuff they're getting now to pay off debts.
6078  Bitcoin / Legal / Re: How bitcoin inheritance can be achieved. on: February 06, 2019, 07:52:21 PM
I'm not sure of the trustworthiness of sicitors and have had a bad run with them in the past so I think that's a no go. I have friends that are into computer science, if bitcoin takes off the its likely they'll be able to decide the transactions and transfer the funds to the private key (hence the first option).

I have no wife or kids Grin. Should probably make that clear now for those hypothesis my most likely causes of death are statistically shown to be neglegance or suicide (for people of my age category AFAIK).

I could still be hit by a car tomorrow though...
6079  Other / Meta / Re: I locked my beginners price discussion thread, on: February 06, 2019, 06:58:36 PM
I can't see any issues although I've made too much of a use of the ignore button as a recent times due to the number of spammy trolls that are here for the reason that mods don't want to delete them.


@mday, there is still quite a bit of spam on there as far as I can tell and a beginners board might just focus the discussion more.
6080  Bitcoin / Bitcoin Technical Support / Re: Bitcoin block creation !!?? on: February 06, 2019, 02:39:14 PM
@HeRetiK how is it? A header is just an appendage to show what the block is compatible.

I found a bitcoin wiki article on it yesterday but its gone now..
At the bottom of miner cpp it can also be seen that we hash the merkle root:
pblock->hashMerkleRoot

I don't think there's any other reason to do this unless that's what generates the merkle root but if it did it should be called findMerkleRoot.
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