Hello guys,
Is it possible to find out where the coins in a specific wallet are stored e.g. an exchange, an online wallet or cold storage?
Thanks in advance
The coins are stored on the blockchain. Wallets let's you access the coins and to do transactions with them, to move them from an address to another address. That's the main funcition of the wallets' to let you tell the blockchain that coins are moving from one address to another. The wallet itself specifies _how_ you can access the bitcoins, and from this point of view, you can determine the type of the wallet: Exchanges: not real wallets, you can access the bitcoins via their website with proper login informations Online wallets: similar to exchanges, you can only access the bitcoins with login information at their webpage, they keep the private key to addresses, so if the webpage is down, it's impossible to move the coins in their wallets. Desktop wallets: the information (necessary to transfer the coins, private key, etc.) are stored on the PC, as long as the PC is OK, the access to the coins are safe (need for proper backup plan) Mobile wallets: similar as desktop wallets, but the PC is the mobile phone in this case. The mobile wallets are usually don't downloand and handle the whole blockchain, but usually just lightweight clients and rely on some servers to gather information from the blockchain. Hardware wallets: Similar to an USB thumb drive, they handle the specific part of the transaction, they handle the private key for an address and sign the transaction on themselves and only send the signed transaction to the PC or mobile phone in order to keep the private key secure in any circumstances. |
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on the blockchain I just transferred 555 usd btc
BUT the sending wallet say's 6000 usd
But I know for a fact the the sending wallet doesnt have that much
and its from coinbase could someone please explain as This is my first coinbase transaction
Please share at least your bitcoin address to be able to check the transaction you've mentioned. You can copy and paste here the transaction ID as well, just share something to start from. Don't share anything like username, password, private key, seed, anyone asks, never. Transaction ID or bitcoin wallet address is enough to start. |
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I got hyped out at this, turn out we aren't going to be seeing a clash of Bitmain vs Samsung anytime soon. I think if I understood the news correctly, that Samsung isn't going to be competing as a mining brand.
There are lot of clickbait articles out there that were misleading people making them thinking Samsung will not be manufacturing their own ASICS but it's something else.
Yeah that's also what I got out of the article, seems like they're only going to manufacture chips for existing mining hardware makers. But Samsung is actually making the asic chips, just not under their own brand so to say. It'll still be good for miner, I think, if Samsung starts mass production of these chips, prices could very well drop? I don't think Samsung would just accept that they were just the manufacturer and not putting their name to that product. Besides, Samsung is a big company and i'm sure there must be something that's why they would do it but it has really no impact if they don't sell it all over the world. Bitmain will be bothered if Samsung sell it globally and the impact is great that could make the mining hardware price to get low. If this article is real. All depends on price. Bitman can pay a higher price for the chips and they can agree that Samsung won't sell them to anyone else. If Samsung wants to start selling these chips to the masses (to generate a higher income), they should build up the marketing, the sales channels, logistics, etc. which costs money for them, and resources, staff, etc. So if they can agree on a decent price (Bitmain can buy it's monopol status), Samsung won't bother to sell the chips globally. Anyway, the chips are useless on their own, they have to be implemented into some cards, boards, etc. that means there will be less potential customers, mainly GPU or mainboard manufacturer companies. |
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It is not complicated for people who has programming background. But for people who has not idea about programming and money transferring system it is hard. Especially mining is too complicated for ordinary folks.
Ordinary folks will only care about using the cryptocurrency, like sending money via a smartphone app from one person to another. Or, they will care about the price of bitcoin, if they're trading, which is also possible on a smartphone or on an ordinary PC. Usually Average Joes don't want to learn about the technology in the background if things work as expected. Mining is the thing that ordinary folks will never try without reading a lot about it, but if they read a lot and they understand, they won't be ordinary folks after... |
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"At the moment, virtual currencies such as bitcoin are no longer a threat to the existing order of credit and central banks," said Christine Lagarde, director general of the International Monetary Fund. .
Why? Because they are too precarious, too risky, too energy-consuming, because the underlying technology is not capable of changing and because many virtual currency is not transparent to law enforcement, a virtual currency has been hackers steal ".
What do you think?
I don’t think cryptocurrencies will completely replace credit cards and banks, but I think they will make an impact. Using a credit card means you are borrowing money from a third party with the promise of paying it back. Paying with Bitcoin is not borrowing money, so it’s a little different. If someone wants just the convenience of not carrying cash, then cryptocurrencies can do this in lieu of credit cards, but if someone wants to buy on credit, cryptocurrencies don’t really replace that feature. Using the credit card in the US is important because of the credit record which enables people to get a loan to buy a house later on, this is why people are starting to use a credit card as soon as possible (when they have their first job), to build a good credit record. They use their credit cards even if they have the money on their savings account. If people were able to buy a house without credit, they won't bother with credit cards at all, they would use debit cards or cash. As long as paying with cryptos don't help your credit history, there's no use of using them for daily purpose. Banks won't accept bitcoin and the alts directly now and in the future so as long as people are forced to use credit cards, they cannot fully change to cryptos, unfortunately. |
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Really? Am I the only one thrilled here with these news? I keep seeing people talking about bitcoin price, and saying is this a bubble, or did it crash, should we buy the dip, etc etc. Bitcoin is supposed to be used, and the lightning network will allow us to do just that, and now that it seems to be very close to become a reality no one talks about it?
I am thrilled too. I think people aren't yet excited about lightning network because of it not having been deemed 'officially' ready yet. The news articles about how lightning network has been used on the main net aren't really new, where the most recent articles just pile up on top of that with people thinking that it's just all the same again. On top of that, the network fees have been decreasing considerably recently, which means that people have less to complain about, and thus lightning network becomes less of a subject. It's a very weird form of logic that people seem to thrive on here, but what can we do? Once the fees start increasing again, people will start complaining, which then results in them asking for a solution/improvement (i.e. lightning network). Now when the fees are relatively low (or were low in the beginning of the week, now it's a bit higher but still far away from the rates of last December) the developers of the lightning network got some extra time to work on the LN . Someone wrote that the implementation (I mean the mass adoption or the go-live) of the lightning network won't be a kind of event that will happen from a day to another with celebration and press conference, countdown, champagne, etc... Instead, it will happen like more and more people will start to use it, and finally we will see that the majority of the people are using the LN for micro transactions. So as long as the fees are low the pressure is also a bit lower on devs, there's no need to hurry, but to develop something that's ready to use without bugs (after a massive test period). |
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Yeah, I see lots of examples of your knowledge and participation going back to early 2015. If anyone wants an example of how you can participate and become involved in conversations look at this persons post history. Thanks for stopping by, you’re exactly the type of forum member I’m trying to help. You’ll be a Legendary Member someday if you keep doing exactly what you’ve been doing all along and increase your activity. Awarded 20 merit points Thanks very much for your kind words (and for the merits too  ) And thanks for KWH too! |
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Have you also noticed if you see this page, after you have merited someone (Merit sent!)
and you hit the refresh button in the browser, the merit is sent again? (Without asking that I really want to send the data again like when I fill out a form on a normal webpage and hit send, after if I hit refresh, it asks me if I want to resend the same data)
Well in my case, my browser does always give me a pop up notification to stop me from doing the same action accidentally. Maybe you should try to use another browser, or just reinstall that one you're using. Yeah, I posted about that 10 pages ago but this thread is moving too fast. Thanks for all of you, now I'll be more cautious with refresh. Edit: Or, because merit is usually opened in a separate tab, it's easier to close the tab as soon as the merit is sent. |
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Is it possible that I have found a bug? Or it's just my browser that tricks me... or this is the normal behaviour and I have to be cautious hitting refresh in the browser... Have you also noticed if you see this page, after you have merited someone (Merit sent!)  and you hit the refresh button in the browser, the merit is sent again? (Without asking that I really want to send the data again like when I fill out a form on a normal webpage and hit send, after if I hit refresh, it asks me if I want to resend the same data) (No, I don't want to trick you to send me a merit and after hit the refresh button to send a second one I'm just curious if it works for you too or it's just my browser....) Edit: before the post I've tried to google for this, if it was asked already but no luck |
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Hi again. It's a 12 phrase seed and it does work as I used it to get all the private keys for that seed, including my private one that shows zero. It does not show the key for the wallet with the money in because it's imported watch only for which they want me to buy the key off them. I don't intend to pay them for anything else.so I have the acc id, password and seedphrase but don't think I can get access to the wallet watch only with the money in. Would be nice if I could. If you want to see the acc i have no problem with that.
Post the addresses you see (don't post private keys or seed). Especially the one the scammers have the bitcoins in and want to sell you the keys of it. I won't pay anything to a scammer, because you can't be sure that they will do what they promise. They won't accept any solution with escrow, because they don't want to send you any coins at the end. Also, if you offer them that you don't want to pay for keys but they have to send the coins to an address you control, and you pay after, they won't accept of course. I'm afraid you have lost those coins... |
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Hi there. Well the issue with the hardware wallet is that it only supports certain coins. Yes it allows btc, eth but what if you have other coins that are not supported by it? Because you would still need a computer to download those wallets right? Thus if a hardware wallet allows almost all coins, then it would work etc.
Well most computers uses windows.
Hardware wallets are safer in my point of view compared to PCs, but there are a lot of discussion about this on the forum, every day. Ledger Nano S supports a really wide selection of alts, so as long as you don't select your coins from the end of the coinmarketcap list (usually shitcoins), you probably can use it for storing your coins. My concern about the PC is: You have to download and install desktop wallets for each and every coin. Let's say you want to store a lot of coins, even smaller coins as well. There are safe bitcoin wallets, litecoin wallets, etc.. but what about the wallets of the smaller coins? There are a lot of (shitcoin) wallets which only searches your hard drive for wallet.dat, transfer your private key to the developer and that's all. In this case, you would need at least two PCs to store the coins, first for the safe coins and second for the risky ones. But for the safe coins, you can buy the Ledger Nano S, so you don't need to buy two PCs but one. So hardware wallets worth their price and you only need PC for the remaining coins. |
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it has been active for a while: https://bitcointalk.org/index.php?topic=2796578.msg28589053#msg28589053seems sketchy as the only article I can find...do they mean just live on 'main net' to test
or is it really ready for prime time?
well, LN applications have been ready a while ago and LN network on mainnet also started up a while ago. but the thing is, these applications are still in beta mode and need a lot of testing and bugs only show themselves if the code is reviewed and the application is used by more people. but at the same time you should be careful to not put a lot of bitcoin in it because you may easily lose it to a bug. there currently are nearly 300 LN nodes and the network has a capacity of 3.6 BTC in total. It's amazing for me how the LN nodes are growin on the mainnet, a few weeks before it was just really a few and now there are nearly 300 nodes. And they are only testing, because there's just a few real merchants who accept the payments via the LN network yet, so most of the guys who run the LN hubs are only testing the micro payments via sending the coins to each other? The lucky thing is that despite of they're testing on the main net, the fee of the channel opening and closing transactions (they have to go thru the normal blockchain) are really low now, compared to the end of last year. There's a thread where someone have posted a link where the LN network is visualized, but I was not brave enough to click the link, so I don't know if it's safe and really works or not : https://bitcointalk.org/index.php?topic=2838979.0 |
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Thanks for the welcome, you were the first to welcome me.
I also thank you for your advice and your directions.
In this regard, if it is a chance to make money over time, why retail traders do not start to adopt Bitcoin? What blocks them? Is it a lack of trust and security towards the Bitcoin itself?
Unfortunately the problem is more complex than that. This is true that media throughout the world try to discredit bitcoin as having no official government support, but to the people well informed it would be just FUD. So lack of trust is not the reason behind low acceptance. The problem is that the fees for spending Bitcoin are very high. You will buy a coffee for 2$ and spend 20-30$ on fees. Some merchants and services (Steam is the most notable) that previously accepted bitcoin - stopped doing it. I have read in some other thread by German user, that Berlin was full of places that accepted bitcoin and it is no longer the case now. The only hope is the Lightning Network, which may create channels to spend bitcoin with no fee. How this will play out - we shall see in the future Transaction fee is on the way down at the moment, so transactions are becoming cheaper compared to the end of last year, you don't have to pay 30$ on a transaction as a fee. The speed is a different story, in order, to get a confirmation (in the next block) you need to wait for 10 minutes (if you have your transaction included in the very next block). To have the necessary 6 confirmation, it takes roughly an hour. The Ligthning network will help to move the transactions in some seconds or less (no need to wait for confirmation), so for me it would be fine with the current fees, but it will cut the fees too, so win-win in connection with speed and fees. Merchants will be able to collect the payment in a few seconds if they connect to an LN hub with enough connections to other hubs. My only concern is that merchants are legal entities, so they need to prove the incomes of their shops, and if they accept bitcoin but they cannot include it in their tax report, because governments don't allow payments in bitcoin, it will be harder to get to the mass adoption. But if governments want to collect taxes on bitcoin payments and on bitcoin incomes (and not a small income but rather huge) they have to enable bitcoin payments sooner or later... |
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However Paper Wallets are barely used by the crypto holders because following reasons.
1. It is a slower method
2. Lack of physical security controls over paper wallet
3. Effect from natural disasters
4. More complexity of using it
Paper wallets are used by a lot of crypto holders. 1. Slower but if it's done properly, it's one of the safest method of storing keys 2. What about putting it into a safe box? 3. Paper wallet is just called paper wallet, it can be done on a piece of stainless steel business card by engraving the keys or seed, so that's fireproof, waterproof, etc. 4. This is true, people have to learn to use the paper wallet, and the whole technology of blockchain, bitcoin, to be able to use the paper wallet safely. E.g. change addresses, when spending from a paper wallet, but not the whole amount, not to lose the change, etc... |
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Really I am more afraid of losing my hardware wallet and never being able to get back the Bitcoins once the hardware gets missing, that's one thing people should consider when buying these hardware wallets because though it offers the highest security it can get lost easily too.
Just read the post above about the backups of the hardware wallet. If you have your seed, you can lose the hardware wallet itself, no problem. Just buy a new one and set it up with your seed, all your coins will be back to the new hardware wallet (doesn't matter if it's Trezor, Ledger Nano S they are similar, they use seed to generate the addresses keys etc.) Also, in my opinion, hardware wallets are for the newbie or average bitcoiners, not for the hardcore ones. The newbies won't have the necessary information to set up an airgapped PC just for the purpose of storing the desktop wallet, and they won't be able to sign and broadcast a transaction, make backup of the wallet, because it needs time to learn it. Using a hardware wallet is easy and really straightforward. If newbies and awareage joes are becoming experts and will have the necessary knowledge, they will move forward to the safest storages (if they care, or if they have a higher amount of coins...) Using a hardware wallet is much safer than a desktop wallet on an internet enabled PC. |
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No oen can take you seriously because you are using a signature for a scammy project. Sorry for that, but it makes my stomach leave my body (literally) I totally agree. You often hear about people that lost (a lot) of money because they get hacked. Using a hardware wallet is definitely recommendable, but I do have to say that your post is a bit cheeky as well by sharing your referral links. Makes you come across less sincere. (Just on a side note)  Anyway, hardware wallets are always going to be the most safest thing that you can buy. I prefer to buy a Ledger, instead of buying a blue bottle of Johnny Walker, seriously. I got a ledger about a month ago and it makes me feel safe. I just didn't feel safe having that many coins on one address. You cannot put a price on safety. Golden rule is if you have more then a few weeks worth of salary then you should invest in a hardware wallet. Also backups people backups!! Make many of them and make sure you print some out. About backups: If you have a hardware wallet, you have a seed for it (random words). Hardware wallets protects your coins, but who protects your hardware wallet? When you set up your hardware wallet, you're instructed to write down your seed on a piece of paper. If you are paranoid, don't type the seed into the PC and print it out several copies, but do it manually, with paper and pen. Make several copies of your seed. You can lose your hardware wallet, it can become defective, etc. no problem, if you have your seed, you can buy another hardware wallet and set it up with the seed you have on your paper, and you'll have your coins on the new hardware wallet in a second. If you don't have the seed, you don't have your coins... it's similar to private keys but because of the hardware wallet, it's easier to use the seed. Put the seed into safe places (laminate the paper if you wish) or hardcore users can engrave the seed into small metal business cards to prevent it from fire and disaster... Anyway, handle your seed as you would handle your life savings, put it into a safe box, etc... |
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I heard alot of that bitcoin is new financial revolution and bla bla bla
But guys a u seriously ? Bitcoin have old tehnology - very long transaction , expensive cost fee of trans .
Untill btc willnot get fast trans low fees it willnot be a new financial revolution. Btc so young for that . Need time to grown
If you check the bitcoin transaction fee structure these days you will be surprised. https://blockchain.info/charts/mempool-state-by-fee-levelI haven't seen this kind of low fee environment for bitcoin for a long time now. Regular fee is 9(!!!) sat/B, it was around 500 or more some weeks before... Also, because of the low fees, transactions with a decent fee are confirming pretty soon, so now it's better to do a transaction in BTC compared to the end of last year... Also, Lightning network is coming some time this year hopefully, so the new financial revolution will arrive, sooner or later... |
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I've found another link, it's Finder: https://www.finder.com/microsoft-restores-bitcoin-payment-optionSo it seems it's solved and working fine again. /OFF: Since yesterday, there's a Thank you button at the top right corner of the post, but it's called +Merit @isaac_clarke22: Microsoft is accepting bitcoin as a payment for a long time now, so if they just don't spend their bitcoins, they have already multiplied the value of it at least by 10 so this price fluctuation is not a big deal for them. It was the fees that caused problems for the small transactions, when the fees were skyrocketing. Now it seems we're fine with the fees (about 15-35 sat/B you can send a transaction and it will have confirmation really soon). |
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The reason is i was scammed into my own wallet. The watch only wallet has funds in that the scammer holds the private key to. He owes me 12000 dollars but has put a considerable amount in saying that i have to pay 17000 to get the private key to the watched wallet. Very frustrating yes, but under investigation thats why i wanted to put a block on the wallet that they have the key to, but its in my account.
Think twice before you pay for the private key... there's absolutely no guarantee that if the scammer gives you the legit private key to the watched wallet then he will wait for you to move the funds elsewhere... I don't know the circumstances but you should be pretty cautious. Don't post your seed here (just how many words you have in your seed), maybe you can post the wallet address, to have a look. |
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