Site isn't working, showing error. But i am hoping that it will be okay in few days and your project will be successful
It is working for me. What error do you see? |
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I can't get into the site. Can you please help?
Fixed |
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No, that is not an example of a merkle tree. In fact they are talking about two completely opposite things. A merkle tree is a cryptographic structure, the node stuff is networking.
A merkle tree is a tree of hashes. At the base are individual hashes, in the case of bitcoin, those hashes are the hashes of all of the transactions in a block. Each hash is hashed with another hash. The resulting hashes are the next level. This process repeats until only one hash remains. That is the merkle root, and that is included in the block header.
For the nodes, Satoshi was talking about node policy for accepting transactions to the mempool. His statement is currently used. If a transaction contains a fee that is too low, the node will reject it. That threshold for Bitcoin Core (the most common node software) is 0.00005 BTC/Kb. This can also be configured by the node owner.
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Testnet mining power tends to vary a lot. Considering that testnet has forked, it is likely that there is not a lot of mining power on testnet to have fast blocks
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Thanks mates, will try the - prune option, by the way is this the most secure and less hackable bitcoin wallet out there, it appears this to be by reading in the forum. I may switch from Multibit to this one especially now that multibit is being sold to keepkey.
It is a full node wallet which makes it very secure. I would say that armory is more secure, but a lot of its security come from its utilization of bitcoin core. Multibit if an SPV wallet, which is subsystem less secure than a full node. |
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How did you determine that Armory under etotheipi was "trusted"?
Either you read the code or you trusted the community to read the code for you or you trusted etotheipi.
You have the same options with Armory under goatpig.
I didn't know. But as I used the software for a long time without issues I assumed I can trust him. Going from one dev to another is an extra risk. Goatpig was one of the developers when ATI was still working on Armory. There isn't any "extra risk". You can check that it is trustworthy the same way that you would check any other open source software: examine the source code and build the software yourself. |
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Thank you for clarification. We did it and right now process is in progress. We assume that it could take a while any experience how many hrs?
Taking into account that server is pretty fast (like 4 CPUs) and WAN channel is about 100Mbit.
p.s. In any case we'll report the results here. It might help other users...
It has to rescan the blockchain, which can take a while. Honestly, I have no estimates as I haven't had to do a rescan in a while. It shouldn't take more than a few hours to complete. Once it is done, the bitcoind will be used normally. There is no need to restart the program and it shouldn't stop itself. |
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It isn't Bitcoin Core that is eating up all of the space, but rather the blockchain. You can enable blockchain pruning and it will save you a lot of space. Just start bitcoin core with the -prune option and it will prune the blockchain so that it only uses a few Gb instead of 60+ Gb.
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./bitcoind -zapwallettxes Make sure that bitcoind is shut down when you run this. It will start bitcoind. |
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Ok, thanks.
Is there any other, more acceptable method of implementing the proof-of-existence use case with the block chain?
No as embedding data in any form into the blockchain is generally frowned upon. |
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Generally any application which uses OP_RETURN or other methods of storing data in the blockhain us frowned upon by a larger portion of the community, especially those who run full nodes. Your data, even though a few thousand transactions annually, have to be stored and maintained by full nodes for eternity. Those transactions are generally considered spam.
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update after nearly 3 days, my pending 0.04 btc of me in coinbase is disappearing  This is normal behavior. After a few days, the network "forgets" unconfirmed transactions due to the natural node restart cycle which clears the node's mempool which contains the unconfirmed transactions. If it is "forgotten", then you should see the Bitcoin back in your wallet and be able to resend it, but this time with a fee. thank but i am not sender btc , do you think i can receive my btc Then you will have to contact the sender and have him resend the bitcoin. I Alternatively, if you have a copy of the transaction (as in the raw hex code for the transaction) then you can keep rebroadcasting it so that the network remembers the transaction so that it may eventually confirm. |
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Just restart bitcoind with the -zapwallettxes argument. This removes all of the transactions from the wallet and rescans from the beginning so that it will remove the unconfirmed transactions. You should then be able to respend those Bitcoin.
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update after nearly 3 days, my pending 0.04 btc of me in coinbase is disappearing This is normal behavior. After a few days, the network "forgets" unconfirmed transactions due to the natural node restart cycle which clears the node's mempool which contains the unconfirmed transactions. If it is "forgotten", then you should see the Bitcoin back in your wallet and be able to resend it, but this time with a fee. |
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I predict that one day full-nodes will charge for the information they provide.
The information of the users that were connected to them? That sounds very sinister. No. Full nodes provide the entire blockhain and all transactions that they receive and accept. That is the information they provide, not the information if the nodes that connect to them. |
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stupid me i thought blockchain.info was the main blockchain lol.
A lot of newbies make that mistake and it is very problematic that they do. man what bitcoin wallet do you suggest not blockhain.info the best wallet or? what is your suggestion xapo#?
I suggest using a desktop wallet not an online one. I recommend that you use Electrum. |
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xpub keys are BIP32 extended keys. Armory does not support BIP32 yet and thus does not produce these keys.
Well Armory development has stagnated recently due to ATI having issues and no longer developing armory. Goatpig is the only active developer now and he it's planning on adding BIP32 support as well as other improvements to make up for the technological gap that armory suffers. Thanks for the info. Wow isn't bip32 from 2012/2013? |
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well i thought blockchain was developed by anyone other than satoshi. by the way if blockchain was created by satoshi the who are replying to my emails which i am doing to blockchain support is it satoshi or blockchain team.i know it was not satoshi ;p
There is the Bitcoin blockchain and the service called blockchain.info, two entirely different things. You are emailing the service called blockchain.info which is completely different from the bitcoin blockchain. |
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