If I wrote a computer program that generates private btc addresses and then generated the public address, if that public address has a balance, and if I then imported that private address into a wallet, could I claim the money on that wallet? Yes. And by all means: try it! Convince yourself how secure Bitcoin is, you'll never find a fixed address that was properly generated. |
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I've liked Mycelium for a long time, and have a Keepkey hardware wallet that I haven't really used. I've connected it to Mycelium on Android, and it gives a Bitcoin address I can deposit to. But: it doesn't have the option to verify the address on the hardware wallet, which means I have to trust Mycelium. The whole point of using a hardware wallet is so that I don't have to trust any software.
Did Mycelium forget to implement this feature?
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In my minds eye it's like buy 100oz silver off my neighbor over spot. Where I live, this would be okay. Just like selling your car to your neighbour. But if you make a habit, it starts looking like a business. I don't think there's a hard line in between. |
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I live on a lake near Tulsa and these towns have money around. I want to OTC trade cash/btc btc/cash only face to face. Distance would be a function of amount. I figure I can make a couple of contacts on the web if I need to replenish. Not doing anything shady just don't want the banks and exchanges in my business, kinda the point behind bitcoin. Be careful there, you wouldn't be the first to be prosecuted for running an unlicensed money exchange service. |
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Situation 1. My desktop has broken and I can no longer use it. Which part of the device I need to burn to destroy all information from it or keep for safety. Anything that stores data. This is the reason I don't claim warranty on hard drives. Situation 2. I am not going to use the laptop anymore, I have reset my windows to remove all files. Is it safe to sell it or give it away to someone to use? Fill the drive with random data to overwrite your own data. Easy way: Linux shred. Situation 1: The hardware device is not functional anymore. Should I panic and burn it to destroy the data completely? Why not just keep it in a drawer? You never know when it comes in handy. Situation 2: How safe it is to hand out a used and reset hardware wallet to someone else who does not know the seed I had for it? It's probably riskier for them to accept it. Formatting the entire drive means wiping out everything in it or still it is possible to recover data using proper data recovery tools? Formatting is like replacing the index page in a book. The rest of the data is still there. |
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I would copy my .electrum directory (on Linux). That includes all settings and address labels.
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Very simple - please do not make Bitcoin transfers. Bitcoins transfers will be faster, if users will not use Bitcoins. Network lags in this way will be resolved. Please use Bitcoin only in very rare cases - may be once a year. You can solve traffic in a similar manner: please drive only once a year. Lol. There's no point in being faster if that means you can't use it. |
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Naa, Bitcoin can never be a world currency. Due to one simple fact: It's backed by nothing. What do you think the dollar is backed by? |
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I guess you created an empty wallet, not a wallet used by someone else.
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There's a Dutch service that offers this, through SEPA deposits, but if that doesn't work for you I won't mention the name.
Some instant exchangers offer a "fixed" exchange pair, where you can deposit several times to the same address. But you'll still need to manually schedule the deposits.
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I've had them too lately, and much faster than it used to be.
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Checked it, it says "Lightning support in Electrum is experimental". Bitcoin Core is experimental too. |
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Because it's the only privacy coin which is actually private. For that reason, Monero is one of the few altcoins I would consider using. It's a low-fee replacement to pay for my VPN (instead of using a Forkcoin). |
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I guess it varies per country, but don't they have Child Services for cases like this?
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Hmmm, with 3.5 mb down and less than a 1 mb upload that would take a month. I assume I cannot pause it once it has started.
I did wonder if I could take the node to a friends house and download the blockchain on his fast internet then bring it back and execute the aforementioned restrictions. Will this cause ip issues or something like that? (noob) At 3.5 Mbit, it takes about 2 weeks to sync Bitcoin Core. For another project I've downloaded over a terabyte at 100 kbyte/s. Just let it run in the background until it's done. As long as you don't have a bandwidth limit, you're good to go. Using a friend's internet works too. The download isn't restricted to a certain IP. You can close Bitcoin Core to pause downloading. |
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I think they will be even worse than stable coins. There's one benefit: it takes out the company in the middle. With USDT, you have to trust the company that created it. If they can't cough up the dollars when needed, your USDT is worthless. Just like what happened to UST. I'm not in crypto to trust people/companies. I'm forced to trust Central Banks anyway, they can decide to dilute the existing money supply at any time. We're basically at their mercy. CBDC may remove another middleman: banks! I belive cdbc will ask for kyc when generating a new wallet, for example. I doubt I will be able to send cbdc to people in other countries and convert between currencies for free, without paying taxes and other fees for example. Probably. I don't expect Central Banks to act in our interest. I don't expect they'll have a public ledger. But it wouldn't surprise me if it's accessible by big data for targeted advertising. putting an expiration date on CBDC money Great! Let's turn money into coupons. |
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I think possibly the easiest way to do this is laminated paper wallets. Generate them offline on bitaddress.org. Bitaddress.org is okay, but be careful: many other sites give you a compromised paper wallet, even if you create it offline! A private key will work long after most of the current wallets have disappeared. |
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Governments have done much worse "investments" than this. Long term, fiat drops in value, and as long as El Salvador doesn't have their own currency, they lose almost 100% to inflation in the long run anyway. With Bitcoin, at least there's a chance it increases in value.
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Central Bank Digital Currency competes with stable coins, not with Bitcoin. I've even seen the requirement to be able to charge negative interest for owning centralized digital fiat. You can't make this up!
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a list of addresses If you're planning an on-forum roulette game, I don't expect many people to join. Even EV+ games have never been popular to spend money on. |
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