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My thought is they will go for airgapped transactions. Personally I have a trezor model one and even though I think it's safe, I don't like the fact that I have to plug in a usb cable. Also, it may be bitcoin only (not as a separate option which is also available for models One and T)
The name is gonna be Trezor Z
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the electricity bill goes up, of course, but what don't you do to (as FP91G already wrote) understand mining yourself with your own self-configured minig-rig - the whole thing gives you so much new experience, you can hardly believe it and as for equipment i currently have 2x r909 miners and 6x gekko f sticks running - the whole thing is currently generating ~6.9 th/s and my bestshare is 77g  I 've been thinking of doing the same. Thanks, I will, at some point, purchase some gekko f usb sticks to start. I will obviously mine solo. And you never know! Perhaps I get ultra lucky. But in case I don't get lucky (which is almost certain, no harm done. |
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If you use USB miners, then the miners write that they consume no more than 10-15 dollars per year and an increase in the bill per month by 1 dollar will not be very noticeable. But another problem for these miners is that not all pools support such devices with low hashrate and you are unlikely to catch a block solo. But you will have a great time setting up the equipment and with experience you will tell how you mined bitcoins.
Thanks mate. I ve been thinking of it more like a lottery actually. Something like a "set it and forget it" thing running at home. And if by any luck I hit a block, then I will never forget it in my life. I thought about running some Gekkoscience USBs that reach 400GH/s. Have you tried it? |
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I don't think the average price of UTXO coins is going to be acepted for tax purposes. They usually use the invoices and documents from the exchanges to verify at what price the Bitcoin was bought and sold. So if you bought BTC @ $30000 last year, and more BTC @ $25000 a few months ago, and the price goes up to $27000 or something, then they just look at the dollar value of the coins you bought at those particular times.
And they also look at the dollar value of the coins you're selling, and if it's greater than the amount you bought, that's when capital gains tax kicks in.
But what if you don't use exchanges? I mean, personally I have stopped using exchanges, but I keep buying Bitcoin P2P. Let's assume that I wanted to declare capital gains, how else would I do it? There is no way  |
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Imagine that even I, that I am very suspicious, didn't notice that. OP, you must be extremely careful and please, use the software that the other users suggested. |
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Oh my god! I just saw this. Did you send a post request with your seed words to this website? Safepal is a cryptocurrency company. Just remember you must NEVER share your seed phrase with ANYONE, not even your closest relatives or friends. And you just created a script to send the words to a random website. If you have done this, change wallet ASAP. |
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i personally run my mining farm with ~6.5 th/s and hope for luck  Kinda old thread, but... I 've been thinking of doing the same, but I wanted to ask, have you seen a significant increase on your power bill? I assume that you must be using R909 or Gekkoscience USB miners. If anything else, I 'd like it if you wanted to share your experience. |
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this will sound crazy
and maybe the Legendary ranks will start make jokes as they always do
but i need 30 BTC ASAP in 1 week they will get back 31BTC
If u cant just dont reply
its for some deal i need to do
i have this money in the bank but dont have it as BTC
i can send this amount in paypal as assurance ( in return u pay the fee )
and of course people will say to buy BTC but i cant do it in few days cuz theres a limit for how much i can buy daily !! so 1 week i will reach 31BTC using other services but atm i need i have only 72 hours for this offer
after that you can assume this post not actual
Thank you
and thats why i was waiting for the stupidity of these legendary !!
didnt i said if u cant then dont reply ?
plus i dont need 30BTC i was testing how this forum IQ and all the legendary had -1
thank you all i got all i need already
It's not only the legendaries. We, the full members, are equally stupid. You already know that, but if you don't, PayPal is reversible, so you can send me the money and then revert the order How about this, go scam somewhere else, ok? Cheers |
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Bitcoin works differently than Ethereum. In Bitcoin there are UTXOs. You can imagine them as dollar bills. So, if in year 1 you buy 1 BTC and send it to your wallet, there will be 1 UTXO of 1 BTC in your wallet. If in year 2 you buy 1 BTC and send it to your wallet, there will be 1 more UTXO of 1 BTC in your wallet. ... ... ... If in year N you buy 1 BTC and send it to your wallet, there will be 1 more UTXO of 1 BTC in your wallet. So, if in year N+1 you decide to sell, you can decide which UTXO you want to sell. You can also sell a fraction of the UTXO, or combine multiple UTXOs and sell them. I don't know how it works with accounting but that's how it works with Bitcoin. If you know your UTXOs and also know the prices at which you bought them, you basically know which BTC you sell at every time, provided that you have a self custody wallet with coin-control ability. If you keep your Bitcoin in exchanges, then it's a whole other story and you should WITHDRAW YOUR BITCOIN FROM EXCHANGES  |
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While watching old episodes of Home Improvement, I got another (even crazier) idea: store bits in your garden fence: You need 256 bits, so you'll need 257 planks. Starting from the left, going up is 1 and going down is 0. The above image would read 11110000  Unless you're Wilson, in that case it reads 00001111. You can easily create a backup by taking some family pictures in the garden. Who's going to notice? And who's going to look for patters that could be seed phrases everywhere now? Haha, so now I need to buy a house with a garden. And I thought bitcoin was easy. |
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Of course, intention does matter. If a legitimate buyer wants to purchase Bitcoin legitimately, what he'll receive anyways, of course he is entitled to request this sort of information.
When you go to the groceries and pay with cash and get the change, do you ask the seller where they got the change from? When you buy jewelery, do you also care about the origins of what you buy, or only about the materials that are used and the jewel itself? I guess the latter. In bitcoin, the "material" is protected by bitcoin itself, assuming there are enough confirmations in the network. So, why bother about the former? If I get any amount of Bitcoin, I just do some coinjoins and then, everything works perfectly! |
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As a programmer, I disagree. Experience has nothing to do with the will to learn best practices. I can find multiple experienced devs that can be too harmful for any software ecosystem (not only bitcoin). If a programmer is willing to learn and educate themselves with the best practices both coding-wise but also software-wise, they can be beneficial to any ecosystem. Nevertheless, why trust a small group of people instead of trying to add more people to the pool?
Btw, Bitcoin is not threatened by anyone. Don't worry!
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Very good tutorial, but shouldn't we encourage people to use better multisig set-ups?
As such, I would argue that:
1. 2-of-3 is better than 2-of-2 because it offers greater redundancy with the exact same security, since 2 cosigners are needed in both cases. It is also easier to back it up because it needs 3 backups (one cosigner needs one backup). In 2-of-2, you need 2 backups for each cosigner. Having one backup for each cosigner can be catastrophic. In general, I suggest multisig setups where the needed cosigners are less than the total amount of cosigners. The only exception I have seen working is for 2 friends of mine who are married and want to have a vault together where both need to sign. Each one of them is responsible for one cosigner only. So perhaps they have kept 2 backups of each cosigner or even more, I don't know. It depends on each one.
2. Why not both cosigners offline? Much better security. In fact, having one cosigner as a hot wallet is a bad practice. I wouldn't do that personally. A properly set-up single signature wallet that is airgapped and properly backed-up with additional strong passphrase offers relatively equal security to a multisig with one cosigner as hot wallet.
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Great theories. Here is the exact format I wrote it in, but I changed all the characters. I do remember maybe converting it to hex or binary, or at least considering it.
0486 | 4AE5 | 41BC
A58F | 3FBA | 1AD7
34F6 | 2AEB
37A4 | 4AAF
7?A4 | ?42? | 6F?? | ??D8
71?D | 6?A? | ?FCA | 86B?
32?F
7F?B
Would writing it this way help a bit? 32?F
7F?B
34F6 | 2AEB
37A4 | 4AAF
0486 | 4AE5 | 41BC
A58F | 3FBA | 1AD7
7?A4 | ?42? | 6F?? | ??D8
71?D | 6?A? | ?FCA | 86B?
The fact that you had exactly 3 elements on the first row, 2 on the second row, 4 on the third row and 1 on the last row could potentially be because you wanted to know their order afterwards. Also keep in mind that removing all question marks it leaves you with 66 chars. You still need to remove 2 |
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In the case you care about your security, you shouldn't enter your seed phrase on an online tool or any unsecure device, even if you are going to spend all the fund after recovering the wallet.
If anything goes wrong, your fund will be probably stolen once you enter your seed phrase and you won't have any time to spend the fund.
You 're right, in fact someone could have implemented a fake page that looks identical and being connected to their own server they could watch for user input. Once you enter the words, they are stored on their server and money is gone. But, as Charles-Tim said above, it can be used offline, if the user wants to. |
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How about this: https://iancoleman.io/bip39/Adding the words by hand it will automatically tell you if the mnemonic is invalid or not. However, note that this is not the optimal solution because you need a device that works offline, unless you plan to empty the wallet and not use it again after you recover it. Perhaps this is not what you want exactly, but I thought I should suggest it. |
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