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Which means if boomtown1234 sent the bitcoin to private key wallet that of multisig, nested segwit or legacy address, he will still be able to recover back his bitcoin cash fund, but will not able to if sent to native segwit? For just to be clearer. |
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I think the bitcoin address type matters in this case. I have read in a thread on this forum that only private key to bitcoin with legacy addresses (addresses that start from 1) can be used for such Bitcoin cash recovery. If this is true, it will be good for boomtown1234 to let us know if the address is legacy or not. Legacy addresses starts from 1. |
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The problem with their misleading information is that it is mixed with a hint of the truth which is that Boko Haram is a dangerous organization that are using money to funnel terrorist funds, we know that they are trying to find a way but we don't know if they are really using cryptocurrency to funnel those money to buy weapons. The problem with this one misinformation is that they mix fear with the information so people doesn't have a time to process the information or worse they do not even fact-check it. Good thing that P2P and OTC is still alive, I hope that this problem with Nigeria against cryptocurrency gets resolved.
All are lies, they can claim that very possible terroists can make use of cryptocurrencies but as of now, we Nigerians know how the fiat are so weak to allow terroists to make use of fiat. They use fiats for their operation, they have sponsors which make use of fiat and from US SEC, it is clear how we cryptocurrencies are not that used in terrorism the way people are thinking of. Boko Haram has been existing before the creation of bitcoin, so do all other high ranked terroists. Fiats are used also for money laundering and many other criminal activities. |
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Making use private key wallet makes bitcoin users to be able to have full control over their Bitcoin, while custodial means have been ways another party can have the full control not bitcoin users, that is why experienced Bitcoin users do discourage custodial wallets. But, it is now happening today in many close source wallet how they are using a different diravation part to derive seed phrase and private keys thereby misleading people. It really surprised me how some wallets are able to generate seed phrase and private key in which has no derivation paths linked to open source ones. There was a thread lately on this forum about someone that accidentally sent his binance USDt to Abra's Bitcoin addressThis Was the first reply on the thread:As far as I know there's no wallet where you can simply just import your Abra wallet's private keys and you would be able to access your funds. If my memory serves me right Abra's CEO said in an interview in the past that if it's the case that they needed to suddenly shut down, they would release a custom made wallet where people could import their Abra wallet's private keys.
I later had to download the Abra's wallet for experimental purpose, and the wallet generated me 13 word seed phrase and a single Bitcoin address. Seed phraseat mention country giant rice boss people bid asset boring midnight wise begin One P2PKH (legacy) address19VT5sfnoQRnnzuJum5QkghN3oPJdE3DVc The conversion between the person and yogg later posted by the victim on the same thread  I noticed from the conversation that at will begin every of the seed phrase, so I too excluded it, making it 12 word seed phrase that can work on iamcoleman, I inputed the seed phrase excluding at.  Seed seed phrase was valid, think there will be a way to extract out the privacy key of the legacy address above which is all what the user will have to do about his wallet seed phrase to generate the private key to his Abra's wallet legacy address and import it on wallet that support USDt diravation path, this will make him be able to access his USDt. But, shockingly, the m/44'/0'/0'/0/0 derivation path is having another address which you can see in the image below, not Abra's wallet address.  Which means only Abra can provide support, but many people might be thinking they are having BIP39 supported wallet with Abra and many other wallet of the same category, but it is not so. If so, it is having another derivation path that is entirely different from the address Abra's wallet is generating. I checked the first 200 addresses and see nothing the same as the address, while in all wallet seed phrase I have used before to generate the private key, the first address generated by the wallet will have the derivation path for m/44'/0'/0'/0/0 while the second address will have m/44'/0'/0'/0/1 and so on. This led to migs360 the victim to have lost his USDt to this dubious wallet provider. Advice1. Never use close source wallet, use open source wallet like mycelium which truly support BIP39 derivation path and electrum which although do not use BIP39 to generate their seed phrase, but all BIP39 seed phrase can still work on electrum but also electrum has a tool to extract private keys which can still be used for such purpose. 2. Use recommendable open source wallet from sites like Bitcointalk. 3. Make sure you can extract the private key of the seed phrase of the wallet you are using like electrum and BIP39 wallets. Make sure it has the derivation path to the addresses the wallet generate using open source tools. Note: Never reveal your seed phrase or private key to anyone, or all your bitcoin will be stolen by hackers. |
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There was a topic I posted recently, that Nigeria government did not ban bitcoin or any other crypto asset that the CBN do. In the link were false statements about bitcoin generally which are not true. I charted with a friend recently, my friend told me that CBN said cryptocurrencies are used to fund Boko Haram, one of the deadliest terrorists in the world located in Nigeria majorly. The CBN really is misleading some people which do not know much about Bitcoin. “Due to the fact that cryptocurrencies are largely speculative, anonymous and untraceable they are increasingly being used for money laundering, terrorism financing and other criminal activities.
Is Bitcoin anonymous?No. Many cryptocurrencies have open ledger and are termed pseudonymous. Only few like monero, dash and zcash are anonymous because they do not have open ledger. While these anonymous cryptocurrencies take less than 5% of the crypto assets marketcap. Is Bitcoin untraceable? Bitcoin and many other cryptocurrencies have open ledger and can be used to trace Bitcoin transactions only that the transaction can not be linked to individuals, but CBN just do not research about cryptocurrencies appropriately and educating people wrongly. “Small retail and unsophisticated investors also face high probability of loss due to the high volatility of the investments in recent times.
I see this very wrong, first of all, people should know that bitcoin should be the most trusted cryptocurrency in the world but even altcoins since last year December have increased significantly in price. I do not know where they get their false information misinforming people about bitcoin and other crypto assets. “In light of these realities and analyses, the CBN has no comfort in cryptocurrencies at this time and will continue to do all within its regulatory powers to educate Nigerians to desist from its use and protect our financial system from activities of fraudsters and speculators.” People that do not know about bitcoin, I wonder how CBN have used wrong statements about Bitcoin to misinform people. https://punchng.com/cryptocurrencies-breed-illegal-activities-raise-risks-cbn/ |
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Do you have the latest version of mycelium wallet running on your iPhone? Also how about the iOS your iPhone is using, is it updated? Try to make sure all these are intact. Try to delete and restore the wallet using your seed phrase and see if it works. |
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Before any other further complain, it will be good to follow what BitMaxz commented, get yourself the lastest electrum (version 4.0.9) from electrum.org and verify it, import into it your seed phrase so you will run the latest version. And check if this error is not solved, but certainly it will be solved. |
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You made the mistake thinking you sent to the same bitcoin address, although it was different addresses, be it from your wallet or not. Supposing you did not make use of CPFP to spend the unconfirmed output from the first transaction, the transaction will still be confirmed at this time because the fee used for the second and third transaction were even lower than the fee used for the first transaction. |
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With what I have checked, your transaction is just a normal transaction sent to two different addresses, no one to the same address. On the blockchain explorer: You the sender use address 19WLodTpJkgJMZyQbpp3mDSLGdcaVCcQXf to make a transaction into two addresses 18s15o5fM1HvxhQEieBpcHKE5qzNLeSyHU and 3ETsCeNykiwUNFeojRA8isv55Lxx3xVkaS. You did not make any transaction into the same address. The transaction fee used is okay but for now low for transaction to be confirmed at present due to mempool congestion. Just wait for mempool to be less congested. The fee used for CPFP is low too is the reason why the transaction is not confirmed in time. You can check it now, all the three transactions already have one confirmation. Your transactions are successful already. |
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Never reveal your private key to anyone, but can you tell us the txids? If not, what fee did you use to make the transactions (both the first and the second transactions)? The fee will like be the issue as suggested by mocacinno. The fee used for CPFP can also be very smal leading to unconfirmed transactions. |
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Here is a list of tumblers posted by LeGaulois, it will be very helpful. There is another CoinJoin known as JoinMarket. ⭐Name: ChipMixerClearnet link: https://chipmixer.comTor link: chipmixerwzxtzbw.onion Bitcointalk thread link: HereFees: PWYW (Pay what you want) Minimum amount: 0.001
⭐Name: BitMix.BizClearnet link: https://bitmix.bizTor link: bitmixbizymuphkc.onion Bitcointalk thread link: HereFees: from 0.4% to 4% (+ Network fees 0.0003) Minimum amount: 0.005
⭐Name: BitCloakClearnet link: https://bitcloak43blmhmn.comTor link: bitcloak43blmhmn.onion Bitcointalk thread link: HereFees: Randomized ~2% (+ Network fees 0.0002) Minimum amount: 0.01
⭐Name: MixerClearnet link: https://[banned mixer] Tor link: mixermikevpntu2o.onion Bitcointalk thread link: HereFees: From 1% to 5% (depending on the method) (+ 0,0007 Network fees) Minimum amount: 0.001
⭐Name: MixTumClearnet link: https://[banned mixer] Tor link: mixtum5lbuslyow2.onion Bitcointalk thread link: hereFees: 5% (+ 0.0007 Network fee) Minimum amount: 0.005
⭐ Name: Blender.io Clearnet link: https://blender.io Tor link: blenderiocpxfema.onion Bitcointalk thread link: https://bitcointalk.org/index.php?topic=5052876 Fees: From 0.5% to 2.5% (+ 0.0007 Network fee) Minimum amount: 0.01
⭐Name: Wasabi WalletClearnet link: https://wasabiwallet.ioTor link: wasabiukrxmkdgve5kynjztuovbg43uxcbcxn6y2okcrsg7gb6jdmbad.onion/ Bitcointalk thread link: HereFees: 0.003% Minimum amount:
⭐Name: FoxMixer Clearnet link: https://www.foxmixer.comTor link: foxmixer6mrsuxrl.onion Bitcointalk thread link: HereFees: Vary, depends on confirmation time (+ 0.0007 Network fee) Minimum amount: 0.002
⭐Name: MixerTumblerClearnet link: https://mixertumbler.comTor link: n/a Bitcointalk thread link: HereFees: From 2% to 5% (+ ~0.0001 Network fee) Minimum amount: 0.01
⭐Name: CryptoMixerClearnet link: https://[banned mixer] Tor link: cryptomixns23scr.onion Bitcointalk thread link: hereFees: 0.5% + 0.0005BTC Minimum amount: 0.001
⭐Name: Samourai Clearnet link: https://samouraiwallet.com/whirlpoolTor link: 72typmu5edrjmcdkzuzmv2i4zqru7rjlrcxwtod4nu6qtfsqegngzead.onion/ Bitcointalk thread link: n/a Fees: flat fee for an unlimited anonymity set. Minimum amount:
⭐Name: Anonymixer Clearnet link: https://[banned mixer] Tor link: anonymixerpolbpy.onion Bitcointalk thread link: hereFees: from 1 to 2% (+ Network fee is dynamic depending on the mempool for example right now 6 Feb it's 0.00009281 for a P2PKH address) Minimum amount: 1 satoshi
⭐Name: Go-OvertClearnet link: https://www.go-overt.comTor link: overtsgjd4xmgu25uegho7p3ez47solhiri5xpylcgm2tlofbafrzwid.onion/ Bitcointalk thread link: HereFees: 4.9% + 0.0007 BTC Minimum amount: 0.005
⭐Name: MyCryptoMixerClearnet link: https://mycryptomixer.comTor link: mymixerxtukle6mo.onion Bitcointalk thread link: HereFees: from 0.5% to 5% (+ 0.0007 Network fee) Minimum amount:
⭐Name: MixSaferClearnet link: https://www.mixsafer.comTor link: yxzngnm4mivqhly3zdlgnpagla4wja372whatiyhzgaxwanqqcd5aoqd.onion Bitcointalk thread link: didn't find Fees: dynamic and comes up to 5% + 0.0007 BTC Minimum amount: 0.005 BTC
⭐Name: CoinomizeClearnet link: https://[banned mixer] Tor link: http://coinomthajerbtq7.onionBitcointalk thread link: HereFees: 1% - 5% (+ 0.0003 Network fee) Minimum amount: 0.003 BTC
⭐Name: MoneypotClearnet link:https://wallet.moneypot.com Tor link: no tor link for the wallet script but they do have a tor domain for the main custodian Bitcointalk thread link: HereFees: 1000 sats for P2WPKH, 5000 sats for P2PWPKH-in-P2SH (Anti-Dusting) (+ Network fee) If the deposit is larger than 0.01 BTC, the fees are respectively 100 sat and 500 sat. Minimum amount: 1000 sats if P2WPKH, else 5000. |
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This number fluctuates all the time... I've even complained about this very high value in the past, but it seems like nobody is willing to change due to the fees being to much for smaller value inputs
How is the wasabi wallet fee is calculated? I heard the minimum amount of fee is $0.003% which will be will be multiplied by the total number of participants. But the total number of participants is 100. Which means the fee will be 0.3%? Also I learned the fee can be edited and customized, is that true? |
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This is not accurate. Once a transaction has a confirmation, whether or not it was RBF is irrelevant. Some places will accept zero-confirmations transactions which are not flagged as RBF, but will require 1 confirmation if they are flagged as RBF, but most places will require at least 1/3/6 confirmations regardless of the RBF status.
Ah! That is so wrong of me. You are right. Transactions with zero confirmation or transaction that has not been confirmed can be double spend with RBF, it can also use be cancelled, althought the cancelling is also completely RBF in which another address on the same wallet is paid which will make the Bitcoin to reflect back in the sender's wallet balance. But, RBF can not be used if the transaction already have one confirmation. I have made appropriate corrections. |
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The last time I checked, the minimum amount required to participate in CoinJoin transaction was more than 0.10BTC or 4700$.
According to wasabi wallet FAQ undated on 25 Nov 2020. The least amount is 0.1btc, which means anyone that have 0.1 btc can take part in the CoinJoin, not necessarily more than. |
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Digital rights lawyers have sued central bank of Nigeria over crypto prohibition, the lawyers, therefore, asked the court to validate the Investments and Securities Act 2007, which made SEC the apex regulatory body of the Nigerian capital market A civil society organisation, the Digital Rights Lawyers Initiative, has dragged the Central Bank of Nigeria and Securities and Exchange Commission to court over the recent action of the apex bank that Deposit Money Banks should desist from transacting in and with entities dealing in cryptocurrencies. In Suit No. FHC/L/CS/ 188/2021 filed on Monday, February 8, 2021 at the Federal High Court in Lagos, the group said the CBN, which is the first defendant, lacked the power to restrict financial institutions from dealing in cryptocurrency transactions. The digital rights lawyers argued that the second defendant, SEC, had in a circular dated September 14, 2020, declared cryptocurrencies as legal digital assets “protected under section 44 of the Constitution of the Federal Republic of Nigeria, 1999 (as amended)”. The lawyers, therefore, asked the court to validate the Investments and Securities Act 2007, which made SEC the apex regulatory body of the Nigerian capital market. They also prayed the court to declare the CBN action as “ultra vires, unconstitutional, null and void” while also seeking a “perpetual injunction restraining the 1st defendant from regulating and/or further regulating virtual currencies/ crypto currencies in Nigeria.” The suit, which has not yet been assigned to any judge, was filed on behalf of the group by its counsel, Irene Chukwukelu. Moghalu had said there was regulatory dysfunction between the CBN and SEC. He had also argued that there was no means of exchange devoid of risk, adding that if the CBN could manage the risks of paper currency and electronic payments and other means of exchange, it should also be able to mitigate the risks associated with digital platforms such as cryptocurrencies. https://punchng.com/digital-rights-lawyers-sue-cbn-sec-over-cryptocurrency-prohibition/ |
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On average ّّّ~10 minutes later (Bitcoin Blockchain) a new block is mined. When this block is mined, we will have two blocks. Original one with a longer chain and a new, shorter block, tries to have some "orphans," which try to have new blocks on that chain.
Two blocks are created by two miners or mining pool at the same time, chain-reorganization will help to inavidate one block and the other one will remain valid, the one that remain valid is thae one that new blocks build upon which will be the longest chain. Calculate the probability of two blocks being mined at the same time?
You can read the quote below. I don’t know what the mathematical probability of this is, so here’s the frequency of chain reorganisations based on the data from my bitcoin node (which hash been running continuously since 17 December 2016):
Actual Reorganisations: 39 (1 every 5,796 blocks / 38.8 days)
Avoided Reorganisations: 100 (1 every 2,260 blocks / 15.2 days) https://learnmeabitcoin.com/explorerhttps://learnmeabitcoin.com/technical/chain-reorganisationWhy is the process of Bitcoin Blockchain re-organization every two weeks?
Chain re-reorg is not every two weeks as you can see from below data. It does not have a definite day. 665005 07 January 2021 664578 05 January 2021 645179 24 August 2020 644543 20 August 2020 638519 09 July 2020 619970 03 March 2020 618465 22 February 2020 614732 27 January 2020 578141 28 May 2019 551355 24 November 2018 Calculate the probability that 3 blocks re-organized?
Only two same blocks have been mined by the same miners at the same time in the past. No three miners have mined the same block before. About confirmation It depends, some organizations can accept 0 confirmation from you if you do not enable replace-by-fee, but if you use RBF, some organizations will wait till 3 to 6 confirmations. On exchanges for example, remember not your key not your coin though, like on binance, only one confirmation is accepted for deposit while two confirmations for withdrawal. I have seen many exchanges accepting 10 confirmations irrespective of enabling or not enabling RBF. But, in my opinion, 1 confirmation is enough if RBF is not enabled, while you can wait for more confirmations if RBF is enabled.But, in my opinion, 0 confirmation is enough if RBF is not enabled, while you can wait for confirmations if RBF is enabled. But, for more safety, six confirmations are recommended. But, do not let chain-org confuse you, nothing like double spending. Double spending can only occur while you enable RBF while the transaction not yet confirmed, you can then double spend the Bitcoin back into an address owned on your wallet or into another address of your choice. The Bitcoin Blockchain is not faulty, nothing like double spending because the two but the same blocks that are mined by two different miners, one block will later be invalidated as new blocks build on the other one which will have the longest chain and valid transaction. |
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On February 05, 2021, the central bank of Nigeria prohibit any regulated institution dealing with bitcoin and other cryptocurrencies, such institutions accounts were ordered to be closed.  But, Nigerians should still know that bitcoin and other crypto assets are not banned in the country, only the banking aspect of it are restricted. “As regards our recent policy pronouncement, it is important to clarify that the CBN circular of February 5, 2021 did not place any new restrictions on cryptocurrencies, given that all banks in the country had earlier been forbidden, through CBN’s circular dated January 12, 2017, not to use, hold, trade and/or transact in cryptocurrencies. So, carrying out p2p is not forbidden or any other thing related to cryptocurrencies like mining remain legal as they are beyond the power of the CBN. What do you people think about this? |
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China hasn't banned bitcoin or the mining of bitcoin. They banned ICO's, and it's illegal for their citizens to take part in such activities.
I think you should read this quote below, Nigeria too ban cryptocurrencies in such way. Exchanges are the platforms linking banks to crypto users accounts on exchanges in order to make crypto purchase easier. Although, this is strongly discouraged on this forum but many people still are not concerned about such privacy and make use of custodial exchanges for crtpto purchase. Cryptocurrency-related activities have received little tolerance from the Chinese government. Initial coin offerings (ICO) were banned in China in September 2017. Exchange platforms that traded cryptocurrencies or provided facilitation services were also ordered to be closed following the crackdown on ICO. I remember binance head quarter was originally located in China before move to Japan because of the restriction. Binance was initially based in China, but later moved out of China due China's increasing regulation of cryptocurrency. “As regards our recent policy pronouncement, it is important to clarify that the CBN circular of February 5, 2021 did not place any new restrictions on cryptocurrencies, given that all banks in the country had earlier been forbidden, through CBN’s circular dated January 12, 2017, not to use, hold, trade and/or transact in cryptocurrencies.
“Indeed, this position was reiterated in another CBN press release dated February 27, 2018.” Cryptocurrencies are not also banned in Nigeria, only it is restricted for banks not to support any crypto institution. Mining and other can still be done, p2p also is still legal in Nigeria. |
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