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7941  Bitcoin / Bitcoin Discussion / Re: Can Bitcoin trasnaction can canceled if long time not confirmed? on: October 28, 2020, 05:42:45 PM
If you trust the sender, the transaction will eventually be confirmed if no manipulation, the mempool is now congested, that is the reason for many delayed transactions. But in your case, the person that send the yet unconfirmed bitcoin used a very low fee (0.00000669 BTC, 2.987 sat/byte), this fee is so low that normally it does get confirmed only during the weekend, and so far the person even send it during weekday, it will take days before it will be confirmed. But, with the congestion, it could be more than a week.
7942  Other / Beginners & Help / Re: Again, Phishing Iancoleman on: October 28, 2020, 01:50:19 PM
I found this to be true, I was even confused when you coded it up there, it is so similar to iancoleman.io, the site will truly be a phishing site with no two intentions than to scam anyone that mistakely input his/her seed phrase, or who mistakenly use the fake site to generate seed phrase. Domain providers are not working enough to let people not to use such fake domain, if I am a domain provider, I would have known this will only lead to scam site, and google is also good in spreading false information, making scam more easily and unknowingly accessible to people which could later be victims.
7943  Economy / Speculation / Re: Is bitcoin cross $15k in end of 2020 on: October 28, 2020, 11:11:51 AM
You only just predicted with no speculation(s), no reason(s) you predicted bitcoin price to reach $15000 before the end of the year? If there is any, then included it. You must have a reason than to being fomo. Well, with what we are noticing recently, it is very possible bitcoin could hit $15000 before the end of this year, one of the reasons is the rate of adoption of bitcoin, we can see PayPal and many banks in the world now interested in providing crypto services in which bitcoin has been their first cryptocurrencies  to consider. With this, very possible bitcoin price will even reach all time high in 2021.
7944  Economy / Scam Accusations / Re: {Warning} Fake and Malicious Ledger Clone Website on: October 28, 2020, 07:08:21 AM
There was a report in the 'meta board' about such attack yesterday.

Ledger database leak --> Phishing
October 27, 2020, 07:47:04 PM
https://bitcointalk.org/index.php?topic=5284855.0
https://www.theblockcrypto.com/linked/82336/ledger-is-investigating-phishing-scam-that-targets-wallet-users

Well done, I can see you reporting many of these scams frequently, I believe many newbies will gain from these reports as I have gained a lot on this forum from phisihing reports. Any of such attack is avoidable by negleting such emails, even if the email is real (although it is fake), people should not click on it so far they are not the that authorize for it. People should only click on emails they authorized for in order to avoid such phishing attack.
7945  Local / Nigeria (Naija) / Re: Nigerian Bitcointalk Community Hangout. {Current topic: #EndSARs} on: October 27, 2020, 07:04:58 PM
Una wey country don tire wey get Nigerian passport check out dis countries u fit enter without Visa dem go dash u wife join.

https://bitcointalk.org/index.php?topic=5284822.msg55464862#msg55464862
Nice one Blackpussy, I suppose don't comment for your post, but I no like the 'Beginners and help board' wey you post ham, e feel possible say moderator go carry ham go 'off topic', e go make sense to carry ham for 'Politics and Society', because I no wan short of posts counts. I dey feel your presence for this forum, I believe in time you go rank up soon, well done.
7946  Bitcoin / Bitcoin Discussion / Bitcoin custodial services increasing on: October 27, 2020, 02:04:26 PM
Before was only the time of exchanges, although it is quite obvious that these exchanges are not secure and safe by design in which over ninety exchanges have been hacked, but custodial services are now more increasing, this will although really help bitcoin as it is possibly going mainstream, this will be achievable in this next decade we are about to enter. Some days ago when PayPal declared in offering bitcoin, ether and litecoin services on there platform, also now reading lately about banks declearing to offer crypto service.

Indian bank to offer crypto services across its 34 branches
For the first time, Indians will be able to take out a loan against cryptocurrencies.
https://cointelegraph.com/news/indian-bank-to-offer-crypto-services-across-its-34-branches

Singapore’s largest bank reportedly launching crypto trading and custody
Another global bank believes that digital assets are the future of the global economy.
https://cointelegraph.com/news/singapore-s-largest-commercial-bank-reportedly-launching-crypto-trading

I belive we should know crypto banks custodial services have begin, I see this as the beginning of bitcoin going mainstream, the time when bitcoin will be used as direct payment is imminent. Although, these custodial services has resulted to many users not knowing the actual means to deal with bitcoin in a noncustodail manner, but the custodial service are helping in making bitcoin to be more adopted globally.

But facts still remain fact, that the best way to privacy is noncustomotdial means, and knowing 'not you key not your bitcoin on blockchain', and this bitcoin adoption will help many noncustodial users to use bitcoin for buying and selling directly instead of still depending on fiats. But, it is like peoples ignorance will make them not to know what bitcoin actually is, that, it is a privacy coins which is compromised by custodial services.
7947  Bitcoin / Hardware wallets / Re: Hardware wallet question on: October 27, 2020, 12:40:14 PM
2. Is it possible for hardware wallet to remain totally offline, while using another wallet as watch-only wallet in a way the hardware wallet will be used offline only for signing through the means of QR code?

The coldcard wallet has a microsd slot, you can create a transaction on a PC, copy it to the microsd, put it in the coldcard and sign it.
You then put the card back in your PC and broadcast the signature. Takes a bit more time then using the USB cable but it does work.

For the ultra paranoid they also make an adapter that lets you run the coldcard from a 9V battery so you never have to plug it into anything.
Thanks for the above link, also your reply and others makes me also understand how coldcard could be used as airgapped also. I like this method also with the comment of o_e_l_e_o.

In terms of keeping a hardware wallet completely airgapped, yes, it is entirely possible by pairing with a wallet such as Electrum. Pair your hardware wallet with Electrum on an airgapped device, export the master public key to an internet enabled device to create a watch only wallet. Create transaction on watch only wallet, transfer to airgapped device via QR code or removable storage, connect hardware wallet to airgapped device to sign transaction, transfer back to watch only wallet, broadcast.
This is somehow complicated and complex, but the way you explained it is very understandable, I think this is one of the best way to be safe online, I want a way private key will stay offline forever which I believe should be a good reason of buying hardware wallet, and making me to feel secure and safe that no attacker can bypass my hardware wallet protection. I really like QR code to be involved in signing a transaction which makes it less complex and also no malware will be able to bypass it.
7948  Other / Beginners & Help / Re: Hit 1500 earned merits so far. on: October 27, 2020, 08:51:24 AM
Nice one Coolcryptovator, I believe this will also be an encouragement for new members, you have tried on this forum, you always involve yourself in a constructive threads and also contributing good, I have known you to be a very good and wanted member on this forum. Also, there are many of us that opened account this year and have ranked up, I can not believe I have attained over 500 merits in just less than 8 months, only what newbies requires is hard work, staying on this forum, studying the forum, researching and contributing.
7949  Bitcoin / Bitcoin Discussion / Re: What happens to my bitcoin if I die today? on: October 27, 2020, 07:49:52 AM
There are many different approaches to this, but I have come to a conclusion about Shamir's secret sharing which can be an effective way to this type of issue. Let us take for example, that you have 4 children, you can use the Shamir's secret sharing cryptographic algorithm to use the seed phrase to generate four secrets, the secret can be set to have 3 shares, which means 3 secrets is enough to reconstruct the seed phrase. You will have to let your 3 children know about this, educated them what bitcoin and cryptocurrencies generally is all about, then give them their own secrets. In case any thing happen to anyone, the three remaining can reconstruct the seed phrase. Also, for more ease of recovery, the shares can be set to 2 instead of three, I'm which only two secrets will be needed to reconstruct the seed phrase or private key.

But, also another approach which is the best is the use of multisig, in which M out of N users can be able to sign a transaction, so out of 3 children, you can set it to 2 children that will be able to sign the transaction, so any of the 2 children will be able to unlock the funds in case of anything. This is one of the best approach, but fathers do not want children to know their assets until they leave the world, but multisig can not offer such, your children will be able to know the assets on the multisig wallet unlike shamir's secret sharing when children will only be able to use the shares to reconstruct the seed phrase or private key, if they are loyal in the family.
7950  Bitcoin / Hardware wallets / Hardware wallet question on: October 27, 2020, 12:47:50 AM
Please, do not mind my question.

Normally, it has been revealed that it is still possible for hardware wallets to be vulnerable to malware, especially when connecting it through the means of USB to a computer, which means hardware wallet users should still be careful of malware. I will appreciate the following questions to be answered.

1. How about ledger nano x which support bluetooth, can it be affected by malware through bluetooth while performing online transaction?
2. Is it possible for hardware wallet to remain totally offline, while using another wallet as watch-only wallet in a way the hardware wallet will be used offline only for signing through the means of QR code?
7951  Bitcoin / Bitcoin Discussion / The number of Bitcoin whales hit an all-time high during the latest bull run on: October 26, 2020, 11:14:53 PM
On October 20, there were 2,178 Bitcoin addresses that held at least 1,000 BTC. By October 25, this number increased to 2,231. This indicates the number of Bitcoin (BTC) whales reaching a new all-time high recently.


https://studio.glassnode.com/metrics?a=BTC&m=addresses.Min1KCount&s=1562062216&u=1603670400&zoom=

Based on this data, we can surmise that the whales control at least 2.23 million Bitcoin — a significant figure equivalent to 12% of the current supply.


https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

According to data from BitcoinCharts, these whale addresses actually control a much higher 7,902,469 BTC, or 42% of the total supply. Although we know the number of whale addresses, we do not know how many individuals or entities control them. Multiple addresses could be controlled by a single entity, or likewise a single address could be controlled by multiple parties with a multi-signature wallet.


https://studio.glassnode.com/metrics?a=BTC&category=Lifespan&m=supply.HodlWaves&s=1481224923&u=1603670400&zoom=

https://www.google.com/amp/s/cointelegraph.com/news/the-number-of-bitcoin-whales-hit-an-all-time-high-during-the-latest-bull-run/amp
7952  Bitcoin / Bitcoin Discussion / Re: Bitcoin, the complete version of money on: October 26, 2020, 06:42:59 PM
Shamir’s secret sharing for bitcoin is just multisig wallets. I had assumed you meant splitting the private key into N pieces, the following was intended as a response to that:
I did not mean multisig, I later also included multisig also. Shamir's secret sharing can even be used to create secrets of any words, numbers or characters. So, its cryptographic algorithm has an advantage beyond only private keys or seed phrase. It is completely different from multisig. And only one private key or see phrase will be used in this case in a way that will generate the secrets user wants.

About your link above, I think it is an introduction to (2,3)-threshold multisignature, not yet implemented, but will also run off the blockchain, there were people reacting to it that the purpose of the protocol could be useless if BIP340-BIP342 are implemented when multisig transaction will be indistinguishable from normal single wallet payment in which multisig  transaction fees will be low as well like single payment wallets.

And congratulations on achieving 500 merit, by the way.
I sincerely appreciate, I see you really posting quality posts on this forum, you are good and I respect you, especially when you do give answers to technical questions I do not even have any idea about. You may no know, you have been one of my encouragement and following your unique ways of posting.
7953  Bitcoin / Bitcoin Discussion / Re: Abra CEO's portfolio is 50% Bitcoin as cash is 'becoming worthless' on: October 26, 2020, 06:05:38 PM
"Cash is becoming worthless" -  is a very strong statement! We are very little compared to the traditional finances in almost all parameters. Be it volume, usability, acceptance and so on...
If I use my country fiat as an example, it is even more depreciative, I remeber when I was small and also in history when my country gain independence, our legal gender was equals to pounds and higher in price than a dollar, later on, my country fiat becoming decreasing in value, and worth nothing to dollar now. This type of issue is common in many countries of the world, especially in Africa. That is why many Africans that knows about bitcoin and other cryptocurrencies like ether and litecoin are seen cryptocurrencies  as a safe haven. Instead of having their funds in their country depreciating fiats, they prefer bitcoin which is appreciative, but only convert bitcoin to fiat during when they want to spend.
7954  Bitcoin / Bitcoin Discussion / Abra CEO's portfolio is 50% Bitcoin as cash is 'becoming worthless' on: October 26, 2020, 12:40:51 PM
Few days ago created a topic about how bitcoin has been the complete version of money,
https://bitcointalk.org/index.php?topic=5284117.msg55442126#msg55442126

One of the reasons bitcoin is the complete version of money is because bitcoin is an appreciative asset, unlike fiats which are vulnerable to governmental manipulations which makes its value depreciating and makes fiats to be a depreciative assets by nature. Today, is a news on cointelegraph about the co-founder and CEO of major cryptocurrency company Abra who is clearly bullish on Bitcoin (BTC). In an Oct. 23 tweet, Bill Barhydt, CEO of peer-to-peer payments platform Abra, claimed that he has significantly increased his Bitcoin holdings a few weeks ago. According to the CEO, Bitcoin now accounts for 50% of his total investment portfolio.

The executive said that Bitcoin’s scarcity is one of the biggest reasons why the cryptocurrency is the best investment option. “As the minting of new Bitcoin approaches zero in the coming years, its value versus fiat will continue to skyrocket in my opinion,” Barhydt said. “Cash, or government-printed money also called fiat, is actually becoming worthless, while Bitcoin’s value remains constant. There will never be less fiat printed than is now. Cash is only going to get more and more worthless.”


Abra's CEO purportedly increased his holdings prior to Bitcoin touching new 2020 highs.
https://cointelegraph.com/news/abra-ceo-s-portfolio-is-50-bitcoin-as-cash-is-becoming-worthless
https://mobile.twitter.com/billbarhydt/status/1319690483367510016?s=20
7955  Other / Beginners & Help / Re: Even if you buy a hardware device from an authorised reseller, you need to check on: October 26, 2020, 11:07:47 AM
No comment again, the best to do by resellers (amazon) is to take back the hardware wallet only to the company they bought it from which is ledger company in this case. Normally, if truly this is the case, the victim supposed to file a law suit against Amazon and demand for the coin lost, so that it will be a lesson for Amazon. Normally, they do not have to think about this two times to return the hardware wallet for any malicious activity, because humans are wicked and malacious in nature.

But, let us check another way around, people are so malacious, it is possible returning the hardware wallet after such event could be the norm of Amazon (although, I am only saying) but one of the workers in Amazon may know about this malacious events, and be the one that took it back from the malicious person or even replace the good one to malacious one in order to resell/sell it to another person, so that the person can be a victim. With this, I think we should not trust any other party than the company selling the hardware wallet. The safest way will be to buy directly from hardware companies like ledger nano, trezor and the likes.
7956  Local / Nigeria (Naija) / Re: Nigerian Bitcointalk Community Hangout. {Current topic: #EndSARs} on: October 26, 2020, 08:21:21 AM
Una dey see how dem Russians padi dey give merit. No dull am, I 4 yan beta if I sabi talk make them no know, make una soji ara wa now. Not about me but your padi wey dey here.
You don talk sense, but this single thread na still wahala, normally merit go dey come small for this thread. But, if we don get our normal local board, things go make sense pass now, we go get opportunity to create topic, and more replies too go dey, na waiting we dey wish for na, if topics and replies dey good and worthy to be merited, we no go hesitate. Come see English/general boards, na there you feel post something wey good but no go see merit collect, na some merit source and few users wey dey loyal to that extent, and naa why some of us still dey rank up small, but most dey local board, so e no possible say I get enough merit, see my brother post something wey dey authentic and I no go merit ham, he no possible. But first, make we continue posting good, get more merit source and claim our local board, you will see progress among us. I con dey see 2021 down for now say the year na Naija progress for this forum. Together, we can do this. Making this forum active is one of the requisites wet dey essential before we can get local board.
7957  Local / Nigeria (Naija) / Re: Nigerian Bitcointalk Community Hangout. {Current topic: #EndSARs} on: October 26, 2020, 07:03:54 AM
To make we country Nigeria a better place for we all.. The things wey we need to do, my fellow brothers them don already talk am, and e no make sense make I come dey suggest wetin my brothers don suggests already, but the Question wey me won ask now be say.. How we won take do am?, like to cut cost of governance wey be one of the most important thing wey we must do if we Wan end bad government in Nigeria, how we go take do am to make all this government officials gree say they go cut their own salaries??
With the kind population wey Nigeria get, and with how poor the country come be, if we dey talk about people generally and wealth availability, with the kind monthly money wey those people wey dey top dey collect, Nigeria no fit develop, aside monthly allowance, them dey collect monthly salary wey many Nigerians no fit collect after hard labour for 30 years. But, e no easy say that feel change o, you think all those senate feel gree, I no think so.
7958  Bitcoin / Bitcoin Discussion / Re: Regulation possible? Regulation Inevitable? on: October 26, 2020, 04:53:03 AM
What I believe is that people that know about bitcoin very well and how it works will not be affected much, they can still have means of practicing noncustodial holding, having their private keys, using CoinJoin for making transactions very impossible to track, how about using mixers in a way transactions can not be tracked and so on. People will still be able to buy and sell through some non-kyc exchanges and platforms. But, the issue is that most people privacy will be compromised by government laws and regulations while most people do not even bother by the laws and willing to give kyc to the custodial services they keep bitcoin with, because of peoples ignorance, there is nothing that can be done, governments will compromise people's privacy while peoples ignorant nature will not let them know and thinking governments ate right about this.
7959  Bitcoin / Bitcoin Discussion / Re: Bitcoin, the complete version of money on: October 26, 2020, 04:36:52 AM
Saying that Bitcoin is well adopted is a bit too generous, considering that you can't just go outside and spend it, and you have to specifically look online for the closest places that accept Bitcoin, and then spend potentially a lot of time getting there. And even online it's hard to spend it, because big platforms like ebay or Steam don't accept it.
With a marketcap of over $200 billion, why the reason PayPal want to included bitcoin as ones of the money they are accepting for payment why using their platform? I think that answer the question.

In no way does Bitcoin solve the problem of theft. Not only it can be stolen physically, if you have a paper wallet, a seed phrase, a digital medium with an unencrypted  wallet file, it can also be stolen digitally via hacks, phishing, malware, etc. For people with poor security practices, which is the majority of the population, Bitcoin theft is a far bigger threat than some bank theft.
That is why people should be security concerned, if someone is security concerned, it will be difficult or impossible for hackers to penetrate, there are many ways to avoid these, like generating your private key offline and also having strong security against hackers, and also learning how to avoid malware especially while using hot walletd, and well other wallets. Practically, you are right, that is why people need to be conscious digitally, most people are only conscious physically.

One important characteristics of money is that it is generally accepted by every one in the community or society but bitcoin is not yet known by all the people. Bitcoin is still struggling to go to people's accepting it, it is still very volatile and money isn't. I think that we can look bitcoin from area that it is digital currency purpose.
You are wrong, bitcoin is accpeted by people, that is why its realized cap is increasing, which society does not accept bitcoin when it is even used in countries that ban it, while most countries legalized it. Is it volatility that also matters or depression? Fiats are just depreciative assets while bitcoin is appreciative in nature. Bitcoin is a successful currency already.
7960  Bitcoin / Bitcoin Discussion / Re: Bitcoin, the complete version of money on: October 25, 2020, 01:18:28 PM
I've never heard about this "Shamir's secret" and I think that all the division and conversion of the seed phrase into different parts sounds a little bit paranoid.
Then, better do not use it, if you use what can get your seed phrase or priivaye key not to be remembered will not be good at all, using the type of security that will be effective enough to make your seed phrase accessible to you is better. Sharmir's secret sharing make use of shares and secrets, the secrets are what will be held by you, it can be n secrets, while the number of secrets required to reconstruct the secrets are the shares, it has its own application. For example, you have 4 children, you generate a bitcoin seedphrase offline, and store high amount of bitcoin on the wallet, you may not want to give the seed phrase to your children until certain time, then you can use shamir's secret sharing to create 5 secrets, having 3 shares, giving 4 secrets to your 4 children, and each of them will only have 1 secret given. If the father wants the seed phrase to be revealed, any of the 3 children can reconstruct the seed phrase, or the father having the fifth secret and any of the two children can reconstruct the seed phrase. Only 3 secret which are the shares are able to reconstruct the whole seed phrase.

Anyways,It seems to me,that your text is probably some article,which is copy pasted from somewhere.Could you at least mention the author/source?
I hope you can see me not as a newbie, and I know the rules of the forum, this topic is completely from my head, and according to what I have been learning since some months I know about bitcoin and other cryptocurrencies. See reference(s) where it should be included. Do not take me as a newbie.

The first successful form of decentralized money were precious metals,before the time,when the kings and lords monopolized mining and coin production.There were many forms of decentralized money in the prehistoric times-for example some goods like salt were used as money.
Bitcoin is the first successful form of decentralized digital money.
Thanks for the correction, you are right about that, I have corrected it.
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