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8181  Bitcoin / Press / Re: 2021-02-05 CNBC - Btc’s ride renews worries about its massive carbon footprint on: February 06, 2021, 01:52:21 PM
I'll be honest, it's getting kind of boring debunking the same nonsense every few months whenever a different news network or blog site picks it up and runs a story without really understanding the facts.

Firstly, electricity consumption is irrelevant - source of electricity production is what we should be interested in. It doesn't matter if bitcoin uses 5 gazillion terawatt hours if all 5 gazillion of them come from 100% renewable sources.

Secondly, the website that that article is based on assumes that all bitcoin mining is using the average global electricity. This is not the case, and we know that bitcoin mining actually uses almost 80% renewable sources. Therefore the CO2 production will be significantly lower than this article makes out.

Thirdly, the CO2 that bitcoin mining produces is literally inconsequential. Streaming online pornography accounts for 30x more CO2 production than bitcoin does. This is just porn. No mention of Netflix, or Disney Plus, or Amazon Video, or Hulu, or any of the major steaming services that use magnitudes more electricity. I've never once seen a news article about how we could all save the planet if we just stopped watching so much porn.

What about other massive contributions to global CO2? Console gaming? PC gaming? Leaving devices on standby? Printing, moving around, and destroying trillions of notes of fiat currency? Electricity to power every bank branch and ATM in the world? Hell, even just the annual beef consumption of 5% of the US population produces more CO2 than bitcoin does.
 
But sure, it is bitcoin that is the problem. Roll Eyes
8182  Bitcoin / Bitcoin Discussion / Re: It is pointless if the BTC fees increases along with rise in BTC price! on: February 06, 2021, 10:45:02 AM
You need to pay half from your exchange when you made a little Payment
Then don't use the main chain for micro payments. Use Lightning for these payments, and keep the main chain for larger payments where you want the added security.

For now, if we like to save from fees and want transactions to be faster, we should use stable coins.
And completely negate all the benefits of using bitcoin by switching to a coin which is not decentralized, not censorship resistant, not immutable, and not immune to being frozen or seized. If you want to use a system with all these disadvantages for the sake of transferring the cost of the fees from yourself back to the merchant, then you might as well just go back to using a completely centralized fiat system.
8183  Economy / Web Wallets / Re: Binance vs Electrum - safety concerns. on: February 06, 2021, 09:34:51 AM
But even email is probably safer than SMS based 2FA.
I would say both email and SMS are terrible for 2FA.

As TryNinja has explained, SMS based 2FA is terrible because it is almost trivially easy in some cases to perform a SIM swap attack. As in, "one phone call to the mobile operator and 5 minutes and its done" easy. Don't use it wherever possible. Email however, is equally terrible, for the main reason that almost everyone uses the same email address for their exchange account as they do to receive their 2FA code. If someone hacks your email, then they can reset your exchange account password and receive your 2FA code all in one. Therefore, since both your factors (password and 2FA code) can be compromised at once, then it isn't really two factors at all.

You should use, at a minimum, an authenticator app on a device you do not use to log in to said exchange or store your exchange account's password on. Even better is to use a physical 2FA hardware key.

Like what are the risks if your device is infected with malware/spyware?
The risks to both Binance and Electrum are significant. Clipboard malware could make you send your coins to an attack if you are not careful from either exchange or wallet. Malware could steal your exchange log in details, and malware could also steal your private keys. This is one of the main reasons people recommend either hardware wallets or cold storage, to mitigate the risks of infected devices.
8184  Bitcoin / Electrum / Re: Improving privacy with light wallets (SPV) on: February 06, 2021, 09:26:53 AM
Electrum will query [gap limit] addresses with no transactions going to them. This means you should query an address before it ever receives a transaction.
Not in the case of a watch only wallet.

Let's say I keep my full wallet permanently airgapped. Whenever I receive a transaction to a new address, then I copy that address across to my internet connected computer and add it, along with 9 other decoy addresses which have also just received their first deposit, to my watch-only wallet. I keep all my empty gap limit addresses offline and therefore never queried.
8185  Economy / Service Discussion / Re: Want to use wasabi wallet to coinjoin or mixers are better on: February 06, 2021, 09:10:26 AM
Normally, I make use of exchange like binance to trade, I am thinking of moving my bitcoin on binance to my wazaybi wallet first and conjoin it into my electrum wallet. But, I will later still decide to send the bitcoin back to binance, trade, and still send back to wallet.
If you are planning to withdraw the coins from Binance, hold them for a while, and then send them back to Binance to trade, then I don't see the point in using a mixer or coinjoin in this situation. The only thing that mixing or coinjoin does here is stop Binance from seeing exactly which address(es) you are holding your coins in. They will still have complete knowledge of how much you have withdrawn and how much you are depositing.

At the end of the day, you can never say with 100% certainty that your coins won't be frozen for using either of these technologies. If you are just planning on using these coins to go back and forth to Binance then you are probably safer not using them at all, and only using them when you are moving your coins to a different exchange/service/merchant/etc and you don't want Binance tracking those movements.
8186  Bitcoin / Electrum / Re: hold btc for 2 years with Electrum on: February 06, 2021, 09:02:38 AM
Actually the best way to keep bitcoin for long time (for security reason) is cold wallet, that way you should write your private key on paper (if you want)
, and electrum can generate many addresses for you.  first create standard wallet then create a new seed.  menu>addresses
You seem to be a little confused about how wallets work.

Writing down a private key on a piece of paper is a perfectly reasonable way of creating a cold wallet for long term storage. However, you can't then use Electrum to generate "many addresses" from that wallet. A private key only creates a single address. It is a seed phrase which is used to create many addresses. If you want to back up an entire Electrum wallet or turn an entire Electrum wallet in to a paper wallet, then write down the seed phrase, not individual private keys. If you just want to back up a single address or create a paper wallet of a single address, then write down the associated private key.

Although "classic" paper wallets are a single private key backing up a single address, I would argue that writing down a seed phrase is better for a number of reasons - less prone to errors, don't need to sweep the entire wallet when you spend, no concerns regarding lost change.
8187  Bitcoin / Bitcoin Discussion / Re: Making money with 0-confirmations spending, what are legal risks? on: February 05, 2021, 07:05:23 PM
For all those who might want to take advantage of the services mentioned by OP, keep in mind that the whole story may not be true
Exactly. A brand new account suggesting a mixer that no one has ever heard of before? This screams of a scam to me.

I suspect anyone who tries to get greedy and use this "doubler" will find whatever funds they send immediately included in a CPFP with a very high fee.
8188  Other / Beginners & Help / Re: Help with stuck transaction [Newb mistake] on: February 05, 2021, 06:54:21 PM
Yeah, you have to send exactly the same amount and the second transaction has to be marked as RBF, include the same UTXO and the same destination address
The only part of that which is accurate is the bolded part.

An RBF transaction must include at least one of the same inputs as the transaction it is replacing. It does not need to send the same amount, it does not need to marked as RBF (only the transaction being replaced needs to marked as RBF, not the transaction doing the replacing (unless you also want to be able to replace your replacement transaction)), and it does not need to send coins to the same destination.

If I have a transaction marked as RBF with inputs A, B, and C, sending a total of 5 BTC to addresses D, E, and F, I can replace that by sending any one of my inputs to address G, for example input B sending 2 BTC to address G. As long as my second transaction pays a higher fee, then it is highly likely to confirm first and therefore make the first transaction invalid.
8189  Bitcoin / Hardware wallets / Re: Funds lost in hardware wallet? on: February 05, 2021, 06:46:01 PM
A few days later I entered the wallet again and couldn't find my funds anymore.
It says "0.00 BTC, no transactions yet."
I'm sure I'm using the correct passphrase as it is short and easy to remember.
The two options here are your wallet is not syncing properly, you are not in the correct wallet. The easiest way to determine which of these is happening, is to enter your passphrase protected wallet and look for the address you sent all your coins to. If it is there, but shows no balance, then it is a sync issue, and I would try using your hardware wallet with a different piece of software, such as Electrum as Charles-Tim has suggested above. If the address is not there, then you are not in the correct wallet and so have most likely entered the wrong passphrase, although it could also be a problem with the derivation path.

What hardware wallet are you using? What piece of software are you using to interact with your hardware wallet?
8190  Economy / Services / Re: LoyceV's Avatar for Rent [first week rented out] on: February 05, 2021, 06:36:18 PM
by producing or buying and selling products (such as goods and services).
Who's to say Foxpup isn't buying services from me? Wink  Wink
8191  Bitcoin / Bitcoin Discussion / Re: Who are you according to Glassnode classification? on: February 04, 2021, 08:07:44 PM
The categorization looks surprisingly wired! How come Shrimps are so less in percentage? I believe they should have the most number of people!
The percentages are the number of bitcoin owned by that group, not the number of people in that group.

If we say Shrimp own 900,000 bitcoin between them, and each own <1 BTC, then there must be at least 900,000 Shrimp, but potentially up to several million.
If we say Humpbacks own 2,470,000 bitcoin between them, and each own >5000 BTC, then there must be at most 494 Humpbacks, but potentially even fewer.
8192  Bitcoin / Bitcoin Technical Support / Re: Try to track stolen bitcoins on: February 04, 2021, 07:49:35 PM
OP said the thief was using Jaxx wallet:
they put the receiver phone on the table ..their phone ...was a iphone with a jaxx live wallet

You say Jaxx doesn't show up unconfirmed transaction, but my (admittedly several years ago) experience with Jaxx is that it does. Certainly, their support pages suggest that unconfirmed transactions are displayed as "pending transactions": https://support.decentral.ca/hc/en-us/articles/360048583473-Pending-Transaction
8193  Other / Beginners & Help / Re: Q&A: Transaction fees in times of volatility on: February 04, 2021, 01:17:21 PM
You did not answer the question, the question is why 14 days? Is it 14 days or is it possible to get shorter, and what is the shortest period? can the transaction remain unconfirmed for more than 14 days?
The default_mempool_expiry is 336 hours, which is exactly 14 days. This is the default length of time which a node will keep an unconfirmed transaction in its mempool before dropping it, but there is nothing stopping it from then receiving the transaction again from another node.

The default_max_mempool_size is 300 MB. This is the default maximum size of a node's mempool before it starts to drop the lowest fee transactions in its mempool. The shortest period is therefore "immediately", as a node might not even accept a transaction to its mempool if its mempool is currently full and the transaction pays a lower fee than all current unconfirmed transactions.
8194  Bitcoin / Bitcoin Technical Support / Re: Try to track stolen bitcoins on: February 04, 2021, 09:24:02 AM
The part of sending money to the scammers addy would make sense as a test, but both were made on the same minute, and AFAIK blocks aren't mined that fast yet
In order for the test to succeed, they would have needed at least a few minutes, for the transaction to receive confirmations and to appear in the thief's wallet
Not at all. No confirmations were needed and only a couple of seconds were needed to confirm the test transaction. Also, no block explorers were required.

If the thief opens his wallet and gives OP an address, and OP sends 10,000 sats to that address, the thief's wallet will show the incoming transaction within two or three seconds. You can test this yourself when you pay for something using a payment processor, which detects your transaction seconds after you hit send. You can even test this yourself by opening two Electrum wallets and sending coins between them. As soon as the transaction is broadcast, it is relayed across the network within a few seconds. Seeing the transaction show up in the thief's wallet, even with zero confirmations, is enough to confirm the address is correct. OP can simply click on the same address, click "max" or "send all", and click broadcast. The whole thing could be done in 10 seconds.
8195  Other / Beginners & Help / Re: Q&A: Transaction fees in times of volatility on: February 04, 2021, 09:14:36 AM
Never mind me, that quoted below was what I read but still made such mistake.
Yeah, the language can be quite confusing sometimes. Although people talk about "the mempool", they are usually either referring to the mempool of a specific node, or they are talking about the complete set of all unconfirmed transactions. When the mempool is close to empty, then more or less every node will have the same set of unconfirmed transactions in its mempool, but when the mempool is very full as it has been recently, then often low fee transactions will be dropped by some nodes but not others.

But please, just a question, assuming, if wallet A is the sender with address A, sending to wallet B with address B, if the transaction not yet confirmed, can sender A use RBF to change to address C?
Yes, absolutely. There is no requirement with an RBF transaction to pay the same addresses that the first transaction pays. This is why services which accept zero confirmation transactions won't accept them if they have RBF enabled, because it is incredibly easy to redirect the coins to a different address.
8196  Bitcoin / Electrum / Re: Mempool min fee on: February 03, 2021, 08:58:28 PM
So there is no relation between the broadcasting and the blockexplorer feature?
As far as I am aware, blockcypher have never made public which nodes or how many nodes they use to broadcast transactions or use for their blockexplorer. It is entirely possible they broadcast your transaction to one node and looked it up from a different one.

I know each website is differente, but when I manually broadcasted on blockcypher, I did see the transaction on their explorer. It was later (today) when I went to check again and it couldn't be found.
It could be that it was initially added to that node's mempool, but as the mempool continued to fill up over the course of the day, it was later displaced from the bottom by other higher paying transactions.
8197  Other / Beginners & Help / Re: Q&A: Transaction fees in times of volatility on: February 03, 2021, 08:46:47 PM
There is only one mempool available to all.
This is not accurate. Each node has its own mempool, which is why transactions need to be relayed across the network from node to node and added to each mempool as they go. Some nodes may set different size limits for their mempools, or different minimum fees that they will accept before adding a transaction to their mempool. A transaction can be present in some mempools but not others.

No. Using RBF simply means your initial transaction will be cancelled while another address will be used to transfer the Bitcoin fund into the same recipient/receiver's address, this will generate a new txid.
You have this the wrong way round. A RBF transaction must use at least of the same inputs as the original transaction it is replacing, but can redirect the bitcoin to any address(es), including not paying the address(es) in the original transaction at all.
8198  Bitcoin / Electrum / Re: Mempool min fee on: February 03, 2021, 08:34:33 PM
Just out of curioisty, I checked and well... blockchain.com doesn't find the transaction, and it's rather shocking to see that blockcypher doesn't either (considering I broadcasted it from there....). The transaction is however active, as blockchair does show it with no issue.
That means that whichever nodes blockchain.com and blockcypher.com are using to gather information for their block explorer have either not seen the transaction at all, or have seen it but not added it to their mempool since the fee is not high enough to displace another transaction out of the bottom of their mempool. The node that blockchair.com is using potentially has a higher maxmempool size, and so is not yet at its size limit and has space for your transaction.

8199  Economy / Services / Re: LoyceV's Avatar for Rent [first 🦊YEAR🦊 rented out] on: February 03, 2021, 07:49:47 PM
Something LoyceV is late, feel he will start to apologize again.
I'll just say thanks from us both until his kids settle down.
8200  Economy / Web Wallets / Re: Balance not showing in Blockchain.com on: February 03, 2021, 07:40:14 PM
Currently the fastest fee is like about 3 dollars
This is the wrong way to talk about fees, especially when talking to someone who doesn't understand how fees work. First, we should obviously be talking about fees in terms of sats or BTC, since dollars is a constantly changing metric. Secondly, we need to talk about the fee rate, rather than the absolute fee. Given that 3 USD is currently around 8,000 sats, then for a 1-input-1-output transaction this could equal a fee of over 40 sats/vbyte. Conversely, for a big consolidation transaction with dozens of inputs, this fee might not even by high enough to meet the 1 sat/vbyte minimum for the transaction to be relayed. Talking about absolute fee is meaningless unless we are talking about a specific transaction of known size.
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