You asked me a few times: Dynamical or why not implement the opposite of halving for the block size, we have a halving in the reward a doubling in the block size. If we look at disk price and internet speed we're already 12 years behind compared to 2009, so we would have at least 2 decades to see if it works or no!
Like in Monero. I agree on that, it could be a good option, but we still need a hard cap. I also believe that Bitcoin will mostly be full no matter the variable block size. |
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<~>
Σε ευχαριστούμε πολύ για τα σχόλια σου. Εύχομαι υγεία και όλα τα προβλήματα να ξεπεραστούν. Όπως λέει κι ο cryptosize, η μάζα είναι μάζα. Αυτό δεν σημαίνει ότι παίρνει σωστές αποφάσεις. Πρακτικά η μάζα δεν παίρνει αποφάσεις, απλώς ακολουθεί αποφάσεις. Οπότε συνέχισε στο δρόμο σου και μην ακούς κόσμο. Και λάθη να κάνεις, θα βγεις πιο σωστός από αυτά. Τώρα, επί της ουσίας, δεν κατάλαβα αν συνεχίζεις να εργάζεσαι στο bitcoin ή έχεις σταματήσει. Είδα κάπου που λες ότι τα μόνα έσοδα σου είναι σε BTC. Το θαυμάζω αυτό, αν και δεν το ακολουθώ, είμαι κι εγώ μαζοποιημενος σε αυτό το κομμάτι  |
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I will try to revive this topic.
I have never used TAPSIGNER.
I am curious to know:
1. since it is an NFC card that stores your private keys, can it be demagnetised? If so, then there is no way to recover it, correct?
2. has anyone used it as a part of a multi-sig vault? Like one of the keys being this NFC card, in a RFID protection sleeve.
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That's what I meant with "an IRL problem". You could setup a death man switch that sends an email if you don't reset the timer, but chances are you're going to forget it somewhere over the next 10 years. Or your system breaks at some point. It's not perfect.
A notary might work, but I wouldn't trust them either. They're great for legal paper work, but with Bitcoin there's no paper trail if they would commit fraud.
Nope, I don't like any of these options for the reasons you have mentionned. That's for you to figure out Who would you trust with $10k in small unmarked bills? Or, if it's $10M we're talking about: who do you trust not to kill you to stop you from resetting the locktime? Nobody! I'd start by discussing this with your beneficiary. I assume that's someone you trust, right?
Well yeah, it's the only reasonable option anyway.
Well it has nothing to do with Bitcoin. It's indeed a IRL problem... |
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I think it's at the bottom of the list because the mining fee is so low. Will this transaction be confirmed in 1-2 years?  As Zaguru12 said, it will be dropped by the nodes' mempools. It generally takes 2 weeks to be dropped if the fees don't fall below your fee rate. |
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To be clear: in this scenario you're assuming you're dead, right?
Yes! that's the assumption. 1. That should work, but if the location is compromised and someone gains access, he can patiently wait for the transaction to become valid and take your funds. So if you're still alive, it's best if you move your funds before the locktime expires.
2. This is more of an IRL problem than a Bitcoin problem. How do you usually get notified when someone dies? Someone else will have to take care of it for you.
3. That really depends on your personal situation. A spouse? Yes. A friend? No.
If I die, then step (2) will happen. In step (2), a person I trust will get notified with the necessary instructions and will try to gain access to the backups from step (1). So, they will be able to realise if the keys are compromised. If they are not compromised, we are good. They can wait and get the money when needed. If they are compromised, then, I need step (3) in which another (or the same person) will be able to recover my Original seed phrase and just spend the UTXOs, rendering the Locktime transaction invalid. So again, the problem is: 1. How I would notify my beneficiary about the key and the timelocked transaction. 2. How can I trust someone (and who) with information regarding my original wallet that signed the timelocked transaction. I sound paranoid, I know, but if I solve those two issues, then I will be very confident and I will beta-test ( ) my inheritance plan. |
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I vote in favour of smaller block sizes because:
Bitcoin was created to be accessible to everyone. Thus, running a miner and running a node must be cheap hardware-wise. Don't underestimate the power of nodes for the Bitcoin networks. It's not just the miners. Increasing the block size will require more disk space. More disk space require more money. 20% of the world hold approximately 80% of the global wealth, so requiring more money isn't really fair after all.
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Has it ever crossed your mind that there is much less activity in both Dogecoin and Litecoin? Have you considered the fact that these are pretty much prone to the same problem?
That's exactly the thought I have for Monero. I mean, the only chain I like apart from Bitcoin is Monero. I own some XMR too. I know that monero has a dynamic block size, depending on the congestion, which I also think is not the best idea. But if you look into Monero's average block size against Bitcoin's average block size, you will see Monero's is lower. Why? Bexause the traffic / activity in Monero is much smaller than the traffic in Bitcoin's blockchain. |
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I 've seen people mentioning RPi4 being loud using active cooling. That's true. I have bought this case, and the temperature is super stable at around 50 - 55 celcius. This case has no fan or active cooling, so if you combine it with an SSD, you will not even hear it working. |
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Will the purchased BTC be used for the benefit of his country or for personal/supporter interests?
I think this is the BTC that he owns on behalf of El Salvador. Check this: https://buybitcoinworldwide.com/treasuries/el-salvador/The amounts match. Actually, 3000+ BTC look too much for a personal portfolio, but this is not a strong argument, I know. |
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Καλησπέρα,
Το ελληνικό board έχει ξεφύγει. Δεν ήρθα να μας σώσω, δεν με ενδιαφέρει ιδιαίτερα.
Ωστόσο βλέπω απαράδεκτες συμπεριφορές και δηλώσεις. Βρισίδια και αναίσχυντες εκφράσεις.
Όσοι θέλουν το forum τελείως ζούγκλα, να ξέρετε ότι υπάρχουν και άνθρωποι που δεν γουστάρουν να βλέπουν τόσο χαμηλού επιπέδου posts.
Ναι, δεν είμαστε υποχρεωμένοι ούτε να σας διαβάζουμε, ούτε να απαντάμε, αλλά έφτασε ο κόμπος στο χτένι.
Η μόνη παράκληση που κάνω είναι να σεβαστείτε ανθρώπους που ΔΕΝ θέλουν να διαβάζουν ύβρεις μέρα-νύχτα.
Μην ξεχνάτε ότι προσβάλλοντας με βρισιές έναν συμφορουμίτη, χαλάτε την ποιότητα των posts για όλους όσους διαβάζουν.
Υ.Γ. Δεν είμαι σε forums πολλά χρόνια, οπότε δεν ξέρω πολλά από forums.
Υ.Γ Θα ζητήσω να βρεθούν moderators γιατί δεν πάει άλλο.
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Καλησπέρα. Είμαστε φτιαγμένοι σαν λαός να αποτυγχάνουμε λόγω κακής νοοτροπίας...
Κι εγω θα διαφωνήσω με την γενίκευση αυτή. Καταρχάς η νοοτροπία είναι κάτι που φτιάχνει γενικώς. Ίσως θέλει να περάσουν γενιές, αλλά η νοοτροπία αποτελεί μια δυναμική κατάσταση. Δεν θέλω να με παρεξηγήσεις, σέβομαι τη γνώμη σου, απλώς την εκφράζεις απόλυτα και δεν ξέρω αν όντως το σκέφτεσαι τόσο έντονα ή απλώς το λες έτσι. Κάτι παρόμοιο μπορούμε να αντιληφθούμε και τώρα, όπου αντί να επενδύουν στο BTC η κοινότητα ψάχνει το κάθε ένα shitcoin το οποίο μπορεί να κάνει την εκτίναξη και να βγάλει μεγάλο κέρδος βραχυπρόθεσμα.
Ούτε αυτό είναι εξαιρετικά παράλογο. Όπως ανέφερε σωστά κάποιος παραπάνω, η ανάγκη για μια ζωή που δεν πηγαίνει "μήνα με το μήνα" είναι αυτή που οδηγεί ανθρώπους (όχι μόνο Έλληνες) στην αναζήτηση εύκολου χρήματος. |
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This is one of the best topics in the forum.
I am wondering if I could use it for emergency reasons.
I am thinking of following the steps below:
1. I have a wallet (let's call it "CLAIRE"), in which I have some UTXOs and I want to send them all in case something happened to me.
2. I will create a wallet using Electrum on Tails on a permanently airgapped pc. Let's call this wallet "STEVE".
a. I will keep dual backup of the seed phrase.
b. I will take the first address from the first (default) account of this wallet.
3. I will create and sign a transaction from CLAIRE to STEVE's address (from step 2b). I will add a locktime (let's say 10 years from now - or more).
4. I will export and save the transaction both on paper and digitally.
Now, is the tricky part.
I need to let someone know where to find the seed phrase backup & the transaction.
Thoughts - Questions:
1. I will save the backups in 2 separate places, but in each place I am thinking of leaving both the transaction and the seed phrase, since STEVE is empty and it can't be funded for 10 years.
2. How would I notify the people I want on how to find the backups without exposing the backups to danger?
3. Would you also leave instructions on how to find CLAIRE's seed phrase? It is kind of dangerous, considering that this wallet is already funded.
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3. The data is updated daily. I assume OP is trying to brute-force Bitcoin addresses, in which case that doesn't matter.
Are there still people trying to brute-force keys? I am amazed... |
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Do you read all the posts before reply?
I edited my post above and explained you have already mentioned it. I didn't carefully read your post, sorry. OP is a lazy newbie, he want the code already done, just to run in one-click, he is not developer, maybe he doesn't know what a hashmap or a bloom filter is... if you see he only reply to the person who actually offer some code snippet
Ok, but OP can also import the file from LoyceV's website to an excel or something else and do the process manually. Excel would crash, now that I think about it. In fact, OP wants something that can't be done with just one click. |
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Another solution to the problem: Look into LoyceV's datasets: https://bitcointalk.org/index.php?topic=5254914.01. Download the daily data from there ( it includes every address that has a balance). 2. Import them in a DB 3. Set your code to ask the DB if it includes the address you want. This will be much faster.Optional tip: If you import batch addresses from the DB into a hashmap then you can check if it contains the address ULTRA FAST.
EDIT: It has already been mentioned by Yamane_Keto & albert0bsd above.
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The perfect choice is a huge multisig, hidden in a single Taproot address. Then, you can have for example 1000-of-1000 multisig, and then if there is 10 BTC on such address, then you don't know if everyone owns 0.01 BTC, or how exactly this amount is splitted between all participants. But still, this is the song of the future, for now, we have widely deployed 2-of-2 multisigs, and not much more than that. But of course, more things are possible, even if we are not there yet.
Do you have any examples I could look into? Perhaps a mempool.space link with such a transaction? |
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Minimize the number of inputs and number of outputs. Ideally spend from taproot addresses and send to native segwit addresses, but in reality just use either native segwit or taproot, which ever you prefer, since the difference is very small.
There is not an ideal UTXO size after all. You need variety so you can use it wisely. This is more difficult when you want privacy. The main issue is that Coinjoin implementations normally split UTXOs in standard UTXO sizes. For example in whirlpool the main pools are 100k sats and 1m sats. That said, if you put 750k sats, you must split it in 7 UTXOs of 100k sats and 50k sats for badbank. Therefore you are kind of obligated to use specific UTXO sizes. At least, to my knowledge... If you have any suggestions on other tools and implementations I am glad to listen to them. |
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but not all people think Bitcoin is safe.
Safe as in it can be easily lost / forgotten / compromised, or safe as in "not very volatile" ? Bitcoin's potential to lower remittance costs, especially in low and middle income nations, is quite relevant. The number shows that traditional remittances are expensive. Now is the time for Bitcoin to shine.
The only issue I see with this is that remittance costs are decided and applied by companies & governments, so they can easily be manipulated if they see that they lose from Bitcoin in market share. For me personally, bitcoin is very helpful. Because as I said above, Bitcoin provides a very promising investment tool and it could be said that it does not look at economic class.
And cheap shipping costs too, are a special feature for bitcoin. Therefore, bitcoin is indeed an asset with a complete package.
I am glad to hear that. I don't know if Bitcoin is an asset with a complete package. What I do know, is that it's not governed by anyone. And this must be very well appreciated. There are flaws in Bitcoin, but personally I believe it is the best technological invention I have ever witnessed, alongside the Internet. |
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