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761  Bitcoin / Development & Technical Discussion / Re: Is it possible to lock change by default? on: October 03, 2023, 06:01:57 PM
I am aware of that, just wondered why any wallet developer didn't provide a setting to freeze multiple addresses at once, and if there is it will be helpful in someway right?
That's possible.
If you want to freeze multiple addresses at the same time, you can simply go to "Addresses" tab, drag your mouse cursor or use Ctrl button to select the addresses. After selecting the addresses you want to be frozen, just right click on any of them and select "Freeze".

Never knew that is possible on electrum. Cheesy

As you said, we can freeze multiple addresses at once by selecting them and right click = freeze. But the fun fact is we can't unfreeze just like freezing, and we have to unfreeze the every frozen address individually, that is what I noticed while trying that.
762  Economy / Services / Re: [OPEN] Cryptoplay.io Signature Campaign | Full Member+ on: October 03, 2023, 05:34:58 PM
Merit earned in the last 120 days- 111
BTC address (Segwit)- bc1qus5ptutka50cmdwpvppsscteervn2nyag5cvpw
763  Other / Beginners & Help / Re: Are arrogant wannabe script kiddies still a problem for Bitcoin? on: October 03, 2023, 04:54:32 PM
You don't even have to be a coder at all to create a crypto project, you can simply pay $500 or 1000 then someone with an experienced will serve a complete project on hot plate for you.

So what really matters is that the new project really proves that it is better than in Bitcoin by means completely decentralized and all others, so far every project created try to replicate what Satoshi did, nothing new this is why Bitcoin is still standing as number 1 when it comes to trust level and decentralization.
764  Local / India / Re: Oct 1 | Tax on online gaming & casinos set to 28% on: October 03, 2023, 08:09:53 AM
Is it mentioned anywhere that the law does not apply to crypto casino sites ?
Ironically, gambling itself is not legal in most of the states in India and these dream 11, Rummy and other such apps promotes themselves as skill based games.

AFAIK, casinos are not reporting the userbase data with government like exchanges do, so for crypto there will be no tax deduction at all for now but when you are trying to convert the winnings from crypto casinos to fiat then you are obviously has to pay 30%.

Is it only on the winnings?
One of my friends earlier told me that they rolled out something like we will be taxed even on our deposits no matter if we win anything or not, he said that this is to reduce the use of apps like Dream11 and all. Btw, I'd also like to mention that they got a notice of ₹25,000 crores for tax evasion and are 1 of the 12 companies to whom the notices were sent, totalling it over ₹55,000 crores.

If things will go this way, no wonder people will do their best to fly away from the country thinking that everything is being tightened up just to let the poor remain poor or become poorer, and the riches become richer as hell.  Undecided

As per the previous rule, TDS was applied on winnings from gaming and so I assume that the new law would be on winnings too.
Yet, I am not sure and so I cannot guarantee the same and further clarity is required for the new law.

The tax applied only for the winnings amount.

for example, if someone bet 1000 INR and won 15,000 INR

taxable amount = (Winnings - bet amount) = (15000 - 1000) = 14,000

So the tax deduction will be for that 14,000.

And about the notice sent to the companies are not tax evasions, its what their tax due which has to be paid since they started operation not since the rule applied which is why those huge amounts has to be paid.
765  Local / India / Gemini Exchange planned to invest 200 Crores INR on: October 03, 2023, 07:52:17 AM
Gemini exchange is one of the oldest crypto exchange founded in 2014 in the global market and they recently launched their start-up in India back May, after testing enough for the last few months now they announced the invest 200 crores rupees ($ 24 millions) over the course of next 2 years to expand their company in India.

Also, Pravjit Tiwana (CEO APAC | Global CTO) mentioned "We are actively hiring for a number of key roles in our Gurgaon office, including software engineers, technical product managers, people operations and talent acquisition, finance, support, and compliance."

Gemini To Deepen India Investment Over Next Two Years, With Plans to Invest INR 200 crore In Gurgaon Engineering Hub

How do you see this?

Especially when crypto exchanges are struggling to survive the market due to the Indian tax rate of 30%, but now another global exchange entered into the competition which shows that there is lot of potential to make profits by the exchange in India.
766  Bitcoin / Development & Technical Discussion / Re: Is it possible to lock change by default? on: October 02, 2023, 06:18:34 PM
But is there any wallet which provide feature to freeze all the addresses at once?
If you freeze all addresses, you will not be able to spend. You are telling the wallet not to use any address as input for the new transaction, and therefore your total inputs will always be zero, and therefore you will not be able to spend.

Freezing some addresses is useful to enhance privacy and reduce fees.

I am aware of that, just wondered why any wallet developer didn't provide a setting to freeze multiple addresses at once, and if there is it will be helpful in someway right?

Even if there is, the usefulness of that will be very low though, but I thought it won't hurt to have.

Maybe in future some devs might attempt it, and this thread induced that idea!
767  Bitcoin / Development & Technical Discussion / Re: Is it possible to lock change by default? on: October 02, 2023, 08:46:31 AM
It depends on the wallet software you use. Some of them have the option to lock addresses or lock outputs (coins) manually. For example in Electrum there is the option to "freeze" addresses so that you can no longer spend from them even if you don't have enough funds in your other unfrozen addresses.

But is there any wallet which provide feature to freeze all the addresses at once?

As far I checked, there is no such setting in most of the bitcoin wallet but if there is any then it would be new information for op, me and most of the community members.

My assumption there is no such settings in any wallet - prove me wrong guyz. Wink
768  Local / India / Re: ICC World Cup 2023 - India discussion on: October 01, 2023, 03:55:57 PM

I was hoping some participation from Indian board members there, but I see none. Bit disappointed.
I submitted my prediction as well. Smiley



^ I find Ashwin to be better than Axar patel, I'm glad Ashwin is in. I have two favs aside from India, Kiwis and SA, Kiwis played superb in their match vs Pak, SA's first got abandoned but we'll see tomorrow.
Axar performed well too in his batting even in Asia cup but for now it seems Off-spinner can't afford to miss out when playing in India so R.Ashwin is the best person for now. I would say India, Australia, and England are my top three, and I am not going to deny that Team England is far deadlier than any other team now if you look at their squad.
769  Economy / Gambling discussion / Re: [Free Entry ]🏏CONTEST ICC MENS WC 2023 on: October 01, 2023, 03:53:47 PM
One Time Prediction :

1: Who will win the World Cup final: India
2: Who will score high runs throughout the tournament: Virat Kohli
3: Who will pick more wickets throughout the tournament: Kuldeep Yadav
4: Who will hit more sixes throughout the tournament: Jos Buttler
770  Local / India / Re: ICC World Cup 2023 - India discussion on: September 30, 2023, 01:53:35 PM
We have got various interesting players like Shubhman Gill and Ishan Kishan as our top batting squad who will definitely pump up the heat by scoring nice runs on the field.

Ishan Kishan most likely to play at number 5 because you can never replace Hitman and Gill combo which has extreme record in the opening partnership.


I would like to inform you that this thread should have been created in Off-Topic as it does not discuss Bitcoin or other cryptocurrency. It is all about the sport we love so much that we forget where to post, I am sure you would understand my point of view. I assure you my participation on this thread will be a hundred percent more than others.

That is why I also included the betting platforms into the context of discussion which included betting, so gambling can be discussed in main board. Cheesy

Hi op I just want to remind you that i had create an ICC ODI world Cup prediction pool escrow and sponsor by Royse,

Added, thanks for the info bro.
771  Other / Archival / Re: [Merit] Help newbies and those who have a little left to the next rank on: September 30, 2023, 11:12:29 AM
Rank: Member
Amount of merit: 87
Profile Link: https://bitcointalk.org/index.php?action=profile;u=2525138
772  Local / India / Re: ICC World Cup 2023 - India discussion on: September 30, 2023, 11:03:34 AM
Reserved for Posting events from Bitcointalk

1. 🌀 [banned mixer] - CONTEST ICC MENS WC 2023 AND DISCUSSION | Free Entry

2. ODI World Cup 2023 Prediction Pool🏆 & Discussion Thread
773  Local / India / Re: ICC World Cup 2023 - India discussion on: September 30, 2023, 11:03:01 AM
Points Table

774  Local / India / ICC World Cup 2023 - India discussion on: September 30, 2023, 11:02:31 AM
We are just a few days away from the cricket's biggest tournament which is going to be hosted in India after 2011, that is also only the second time we won WC second time under MSD.

Cricket is the biggest celebrated sport in India followed by over 1 billion fans, and it is getting bigger and bigger every year. And surely India is one of the favorites to win the title again because the team is in terrific form which they recently won Asia cup as well a week before. So let's just grab some discussion about the long tournament, especially about India matches, in this thread.


Here is our 15 member world cup squad where all of them deserved their place with their stunning performances over the last 18 months of domestic and international matches but only one guy Axar misses out due to some injury replaced by R. Ashwin which seems actually a last time strategic change because a wrist spinner is very important especially in Indian playing condition and Aswin is one of the world class spinner also part of team India 2011 winning squad along with only other man Virat Kohli from the current team.

Let's see the fixtures of Indian team below



Just use this thread for discussing every match of ICC world cup and you are free to add the sport betting sites of where we can use crypto to bet on ICC matches too but as of now I know we bet on Stake. I will edit the list later with more casino links.

1. Stake : https://stake.com/sports/cricket/international/world-cup
775  Bitcoin / Development & Technical Discussion / Re: Given the first 15 words out of 24, can a hacker crack the wallet? on: September 29, 2023, 08:39:48 AM
The 24th word should not be included (it is a checksum word with only 8 possible choices).

You can say that only if you found the first 23 words of the recovery seeds and the remaining last word is just one from the potential 8 special words, but the checksum is actually derived from the remaining all the words in the seed that is 23, so I guess it also should be included in the calculation if you successfully want to crack the 24 word seeds.

Which is explained in detail here : https://github.com/bitcoin/bips/blob/master/bip-0039.mediawiki

then the hacker would need to crack both the remaining 9 words and the passphrase simultaneously. Is my understanding correct?
Yes, correct. But cracking the 12 or 24 words itself not possible, then the 30 character passphrase just an additional layer of protection and effectively additional entropy.
776  Bitcoin / Development & Technical Discussion / Re: Given the first 15 words out of 24, can a hacker crack the wallet? on: September 29, 2023, 03:20:39 AM
Question: Given the first 15 words out of 24, can a hacker crack the wallet?

Still unlikely possible to brute force the remaining 9 seed words out 24, but technically the entropy dropped from 256 to 99 bits.

If the seeds are BIP39 then there are 2048 sets of words.

So, to calculate the number of calculations required to brute force a 9-word seed phrase, you would raise 2048 to the power of 9 which is 2048^9 = 5.44 x 10^27 combinations needs to be done, still it will take.

Now if you have a super computer which can do one billion combinations per second

(5.44 x 10^27) ÷ (1,000,000,000) = 5.44 x 10^18 seconds

(5.44 x 10^18 seconds) ÷ (60 seconds/minute * 60 minutes/hour * 24 hours/day * 365 days/year) = 1.72 x 10^10 years

So, it would take approximately 1.72 x 10^10 or 17 billion years to brute force a 9-word seed phrase with 1 billion combinations per second.
777  Local / India / Re: high taxes for two more years on: September 28, 2023, 09:03:57 AM
snip

and what about TDS for every trade we make on exchanges?
is this applicable for every small to big amounts?
If you want to avoid TDS charges, then you need to stay away from exchanges. In paxful you can find better rate and no TDS offers too, but you should have to be very careful about who you are going to trade with.

FYI, one can claim a refund on the 1% TDS on crypto while filing ITR only if the Income Tax for the year is less than the TDS paid from crypto trading.

Reference
778  Local / India / Re: Report Good Post on: September 28, 2023, 08:55:24 AM
I submitted links of my posts and few others there,


And you know it somehow got the attention of @EFS (a staff member) before the @hugeblack reviewing it. Cheesy (6 out of 10 submission received merits) now just 19 merits needed to reach full member.

I just wanted to remind you guys that you also should include your posts or others whichever you think deserves merits and didn't get any so that we can manage to maintain the merit inflow to our local board, especially our merit source Heisenberg_Hunter is not active.

I insist you guys to do because it seems more members back and engaging in the discussion recently so that we will get back our Indian community to further on bitcointalk and used to be like years back.
779  Bitcoin / Development & Technical Discussion / Re: What is the difference between public key and public key hash. on: September 27, 2023, 08:29:14 AM
Public key hash is nothing but the shorter version of public key.
No, it isn't. It is a hashed version of the public key. Coins sent to a public key and coins sent to a public key hash have completely different unlocking scripts.

Thanks, I didn't know that but since I am not technically strong yet this is one more information I can learn today.
780  Other / Beginners & Help / Re: [Merit] Help posts in local boards that did not receive enough merits on: September 26, 2023, 11:50:53 PM
I guess this is the first submission from Indian Local Board on this thread. @hugeblack, kudos for your initiative to encourage LB posters too. Smiley

This is the list of links:

Link 1: https://bitcointalk.org/index.php?topic=5467289.msg62868172#msg62868172
Link 2: https://bitcointalk.org/index.php?topic=5465278.msg62778592#msg62778592
Link 3: https://bitcointalk.org/index.php?topic=5461297.msg62636304#msg62636304
Link 4: https://bitcointalk.org/index.php?topic=5462174.msg62651869#msg62651869
Link 5: https://bitcointalk.org/index.php?topic=5462942.msg62684090#msg62684090
Link 6: https://bitcointalk.org/index.php?topic=5464265.msg62736116#msg62736116
Link 7: https://bitcointalk.org/index.php?topic=5464029.msg62737981#msg62737981
Link 8: https://bitcointalk.org/index.php?topic=5464852.msg62761235#msg62761235
Link 9: https://bitcointalk.org/index.php?topic=5465844.msg62849470#msg62849470
Link 10: https://bitcointalk.org/index.php?topic=5467962.msg62905463#msg62905463
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