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6141  Other / Politics & Society / Re: Russia has developed covid-19 vaccine. on: September 01, 2020, 05:59:29 PM
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.
6142  Bitcoin / Bitcoin Technical Support / Re: Sending bitcoin to multiple addresses at ones on wallet on: August 31, 2020, 12:43:21 PM
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.
6143  Bitcoin / Bitcoin Technical Support / Re: Sending bitcoin to multiple addresses at ones on wallet on: August 31, 2020, 11:08:00 AM
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.
6144  Bitcoin / Bitcoin Technical Support / Re: Sending bitcoin to multiple addresses at ones on wallet on: August 31, 2020, 09:44:24 AM
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?
6145  Bitcoin / Bitcoin Technical Support / Sending bitcoin to multiple addresses at ones on wallet on: August 31, 2020, 09:32:05 AM
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.
6146  Bitcoin / Bitcoin Technical Support / Re: CPFP bitcoin transaction. on: August 31, 2020, 09:24:15 AM
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.
6147  Bitcoin / Electrum / Re: Electrum Lightning Network on: August 26, 2020, 11:26:45 PM
Thank you all for helping me out. I have set it up and it was successful.
6148  Bitcoin / Bitcoin Technical Support / CPFP bitcoin transaction. on: August 26, 2020, 10:14:15 PM
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?
6149  Bitcoin / Electrum / Electrum Lightning Network on: August 25, 2020, 09:57:19 PM
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?
6150  Other / Beginners & Help / Re: Why bitcoin never a ponzi on: August 16, 2020, 12:44:51 AM
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.
6151  Other / Meta / Is there anything like a ban notice on: August 16, 2020, 12:27:30 AM
I was just thinking recently if a member is offering a lending service on bitcointalk but go against the rule of the forum. If temporary baned is still better but what about permanent band.

If the person offering the lending service is owed by one, two or more members totally 0.5btc more or less. Will the person be banned immediately or given warning for ban notice?

Or if ban, can the person appeal for unban so he can receive back his funds from debtors?

Don't mind me, just want to know about the forum better.  Grin
6152  Other / Beginners & Help / Re: Why are mixers necessary? on: August 10, 2020, 01:03:14 AM
-1: You don't want people to know how many bitcoins you have on your wallet
-2: You don't want people to know the address 1abcdefghijkl is owned by Oshosondy
-3: You don't want people looking at spending patterns
-4: You don't want to know the address owner of 1abcdefghijk is leaving at 123 avenue of liberty 75000 New York  and to see people visiting you at home to kidnapp you. (similar story happened before)

As you say Bitcoin transactions aren't anonymous, this is why we use to say "pseudo-anonymous". Above are couple examples you can think about.
Well explained, I can see bitcoin transactions not to still be anonymous now, this is also well explained into full clarity. But, I will like if 1 more question is answered. What principle are mixers using to make just a single address to have privacy? Are mixing services having addresses of there own using to mix transactions from another address. For example, will the bitcoin transacted from donor be first sent into mixers addresses before it is sent to recipient? To just make it less traceable.

Donor's address-----> mixers addresses-----> Recipient's address

Is it happening this way?
6153  Other / Beginners & Help / Why are mixers necessary? on: August 09, 2020, 09:19:46 PM
I have been wondering what bitcoin mixers can offer me. With what I have read on this forum, bitcoin transaction is not anonymous, because it can be tracked using blockchain explorers. I do not know much about bitcoin mixers, can they make bitcoin transactions still anonymous? Or please, what is the function of bitcoin mixers?
6154  Economy / Exchanges / Why can exchanges freeze account. on: August 04, 2020, 10:06:55 PM
I have been wondering of people telling me exchanges can freeze accounts, that makes me very afraid to use exchanges to trade,  a friend of mine told me hitbtc freezed his account. That makes me here to ask the reason why exchanges can freeze account.

Why are exchanges freezing accounts?
What can I do to make them not freeze my account?
What are the best exchanges to use?

I like no kyc exchanges, please do not advice me to use any kyc exchange. I prefer exchanges that do not demand for kyc or the ones that makes kyc not mandatory?
6155  Other / Beginners & Help / How bad malware could be on bitcoin wallet devices on: July 30, 2020, 10:24:41 AM
There are different types of malware, the common types are Virus, Trojan horse, Worms, Botnets and rootkits. There are still many other types and they are all deadly to your bitcoin wallet devices. Malware could damage devices that can be used to connect online, they can also steal information on bitcoin wallet devices. That is why they need to be avoided.

Common reason malware need to be avoided
* Malware have been reported to steal information from devices that connect online, keyloggers is a good example.
* Malware have been reported to steal google authntication code even if it is TOTP, google authenticator that is time based as been reported its codes can be known to hackers through malware.
* Malware was reported several times to mine through thousands of devices, a good example is botnets that is used to mine monero.
*  Malware can steal private keys which will be used to zero your wallet balance. It can also be used to know your seedphrase.
*  hackers can use worm and other types to hijack wallet devices, telling victims to pay ransom.
*  Malware can install more malware which can even result to total loss of privacy and risks of losing bitcoin wallet.
*  Viruses can damage the whole bitcoin wallet device.
*  Malware can change recipient address to hackers address and bitcoin sent to hacker unknowingly.

These are just common but few of what malware can do, they are the best way hackers can make someone lose bitcoin or a whole bitcoin wallet device, many people that have million dollar worth of bitcoin can lose at ones in a day because of malware, malware can turn a rich person to a poor person in just in a range of 1 hour to a day, that is why we need to avoid it.

How to avoid malware that can hack bitcoin wallets
Although, malware can be uninstalled by professionals but the best is to still always prevent it, it could be late already before you will know your bitcoin wallet device has malware, this will make me talk about how to prevent it.

* Be it phone, computer, or others, do not use them to browse online, although, it is your choice but it is a good advice.
*  Do not be greedy and not patient
*  Avoid airdrops, cloud mining sites and mining sites, join a reputable mining  pool is better.
*  Do not click on ads, the site can be secure but display malware ads.
*  Be careful of any high yield return sites.

Ways to install malware
Malware are very dangerous but also very easy to avoid, if you know the ways it is installed and follow ways to avoid it, your bitcoin wallet device will be protected. Malware are installed from unprotected sites, any site can be unprotected and be secured. So from the above ways to avoid malware, you can protect your bitcoin wallets.

PS: One of the easiest way of combating this issue is installing antivirus on your device and not just any free ones out there because they too can be corrupted.
6156  Other / Beginners & Help / Re: Starting/building up a crytocurrency foundation-ground base- on: July 28, 2020, 10:09:01 AM
+ RISKY/BAD TO USE BORROWED/LOAN CAPITAL: at this time the sun is slowly rising on the crypto-coin -price- you can have newbie seeking loan or borrowing to buy, very terrible risk to do, same was the sun is rising on the price, it can set on it as fast. Don't get caught in the FUD -i will get to this latter-
As said, newbies. There are requisites to investment and trading, no matter how newbies are, they are susceptible to losses, this is what leads to experience before they can gain. Newbies also are not patient and disciplined, they also are greedy. That is why newbies should even start with low amount of capital because losing is higher than gaining for newbies, and for just to learn more and have experience.

Also, I can not even advise any person to borrow money to invest or trade crypto, the price may not favor but borrowing require interests in percentage in funds borrowed which could result to panic and depression in unfavoured It is good to invest or/and trade with what you have, this makes the person patient and contented.
6157  Other / Beginners & Help / Re: Ignorance the cause of scam and hack. on: July 27, 2020, 08:34:34 PM
In fact, 8 points that define ignorance are not enough. Those who come to crypto must have good patience. By acquiring knowledge, we shield ourselves from mistakes. Large profits seduce people, and they, out of their fervor, invest in many scam projects. But sometimes life teaches us a good lesson. Once we have lost something, we begin to act correctly and learn from mistakes.
Yes, you are right, I have quoted Coolcryptovator comment and included it nn the topic it is also about what you meant.
6158  Other / Beginners & Help / Re: While using bitcoin there should be privacy on: July 26, 2020, 09:00:25 PM
In past was easy to get bitcoin and not link your identity to the coins. Nowadays is much harder and it all looks in future it will be close to impossible. Bitcoin and private simply have little in common. People in countries where privacy is tradition will avoid using Bitcoin. People in countries where privacy is not tradition will widely use Bitcoin in the future.
I will first say bitcoin is not anonymous right from the beginning, but privacy can still be of high standard even till today. If you use another address for another transaction makes only a single address fee traced to your wallet. You can still buy on some exchanges that require not verification, certain amount of bitcoin can be bought on bitcoin atms without any verification needed. Only novice are the ones using wallets and exchanges that require verification.
6159  Other / Beginners & Help / Re: Be careful of shitcoins on: July 26, 2020, 08:55:01 PM
Shit coin can make you filty rich and can also rekt you, if you do your research in choosing the right one you tend to have a lot of gains and if you don't do your research as OP didn't, you tend to loose all your money, I've seen shit coin move from $0.003 to $0.4 within just three days, imagine you invested 2 eth on it, that's pretty cool cash
Shitcoins are shitcoins, I am not talking about altcoins. There are many good altcoins but many are shitcoins. Shitcoins are coins that are subject to more fall in price like bump and dump of a coin. If you do your research and you see a coin to be good with professional analyses, then it is not a shitcoin if it does not dump in price and become a deadcoin.
6160  Other / Beginners & Help / Re: This forum consisting of learned and disciplined members on: July 26, 2020, 08:49:50 PM
Nevertheless, we need to consider that the above, basically done for fun, applies mostly to a delimited set of forum members. The average one needs to rank-up at a pace similar to what it was like prior to the introduction of the Merit System is between 1 and 1,25 earned merits per day (depending on when your Legendary Activity counter is bound to trigger). That is not that simple to achieve, and many people struggle, although it becomes feasible with time and perseverance (and some communication skills).
I have now prettily understood this, it is very  important to have alluring communication skills, I have seen many members will good communication skills receiving merits and ranking up, but it is also included with their hard work especially the newbies, members and full members. All these qualities are know while staying longer and understand more about this forum.
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