Then what is Bitcoin and other cryptocurrencies based on? They are not based on anything. They, like the US dollar and all other fiat currencies in the world are based on value given them by society. And if you really think about it, what gives gold its value? Nothing, but what people are willing to pay for it. I don't think it is the fact that there is nothing to back the currency, but the fact that it is centralized and that centralized power can just keep printing more and more without limits. I think what gives Bitcoin its value is like what gives gold its value; there is a finite supply. I'm sure that if we found some planet full of gold and people started mining it that gold's value would suddenly plummet from the new massive influx of supply, just like what is happening to the dollar.
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If you are looking for free VPS servers, you can check out Amazon Web Services. They require you to configure everything yourselves but for their basic model servers, they are free for the first twelve months.
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Interesting, But I am questioning the teamviewer part. If anyone keeps Bitcoin on their computer, teamviewer could let him steal your wallet file. Just to be safe, I would recommend that people encrypt their wallets before doing this and be cautious, especially since OP is a newbie.
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I have to admit guys, I'm totally confused by this thread. How can a miner take an output which belongs to someone else and spend it? I thought that you'd need the private key to do that (in order to sign the transaction). If a miner decided to spend my bitcoins to an unspendable output, I'd be screwed. There must be some piece of this puzzle that I'm missing, which is why I was asking for a link above to some discussion of it.
Help!?
I think those transactions were being sent to publicly known brainwallets. The brainwallet passwords were probably simple ones like cat, password, 12345, etc. The miners can easily get the private keys associated with those brainwallet passwords and can then send those transactions in an attempt to recover everything from them as a huge transaction fee.
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The transaction was not deleted at all. Zapwallettxes deletes the transaction from its local database. However, since that transaction had already been broadcasted, other nodes will have it in their mempools. When you Bitcoin Core node starts up with that flag enabled, it will start receiving and requesting transactions from its peers, and since that transaction includes one of your addresses, it will ask for it as well. It was not recreated nor was it deleted in the first place.
You are right: TX ID is the same https://blockchain.info/tx/24e04b9b5913cd6aed0db212db18c35e2115e05e0124a2ba4d1e273f81719fcbAfter running Bitcoin Core Wallet with zapwallettxes parameter for 8/10 hours the transaction gets removed from the Blockchain: during that time if you clicked on the link above it shows " invalid transaction hash". So for 8/10 hours the transaction gets deleted form the Blockchain, after that time the pools that remembered it broadcasted it again to the Blockchain. I think that's what happened. That could also have been blockchain.info dropping the transaction themselves. To be sure, you should also check other blockchain explorers since bc.i has had some issues recently.
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That is a problem since the wallet file will be encrypted and the master public key will not be particularly useful. Unless you used a simple password, I don't think those coins will be recoverable. If you remember some of your password or have an idea what it could be, then there are services which will recover your wallet password for you. Otherwise, I think those coins are gone forever.
BTW, this belongs in the Electrum section where they may be able to help you more.
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I PM'd you if you want to rescue with CPFP...
Since you zapped the TX you could go ahead and double spend, but that will still likely take some time before the two competing TX settle down.
I settled with the client: he/she sent me back the money. One question: how is that possible that the transaction got recreated? Once deleted it should stay deleted for good: how is it possible that the transaction got recreated from nothing? That's really strange, I want to know that now. The transaction was not deleted at all. Zapwallettxes deletes the transaction from its local database. However, since that transaction had already been broadcasted, other nodes will have it in their mempools. When you Bitcoin Core node starts up with that flag enabled, it will start receiving and requesting transactions from its peers, and since that transaction includes one of your addresses, it will ask for it as well. It was not recreated nor was it deleted in the first place.
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You should have probably thought about using a trusted escrow before trying to work out the deal (but perhaps that is now too late).
This is actually where Bitcoin *sucks* for spenders. My advice would be not to pay the BTC until you actually arrive at the venue but quite likely the provider will not want to do that (and you won't know if they will even then have a suitable room for you).
So assuming they won't agree to an escrow and you don't want to trust them I'd have to say "use a credit card" or "paypal" (at least those can be reversed).
Also - best to get a "pick up" from the airport as the "so-called taxis" are the biggest ripoff there (you will get burned with that - having been there myself I know).
Bitcoin will stop sucking in regards to spenders once we finally get fully functioning decentralized 0 trust escrows. We need this really soon so we can stop scammers. Soon being a escrow will be yet another automated job thanks to technology. While that would be great, how would such a thing be possible? A zero trust escrow in itself is contradictory since an escrow is a trusted person who holds money or goods for a trade. Escrow means that you need to trust someone. How would an automated 0 trust escrow work?
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Oh... and I was wondering as well... will I have any compensation by running a full node?
You won't get paid, but getaddr.bitnodes.io has an incentives program where every week one node that verifies with them can win some Bitcoin from them. It is basically the lottery and it doesn't hurt to enter it if you plan on running a node 24/7. Otherwise, don't expect any payment at all from anyone for running a full node. The incentives program can be found here: https://getaddr.bitnodes.io/nodes/incentive/
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thanks guys for your concerns i dont rmbr if i had posted any alt addr there and how to get pgp signed msg any advise Here is the address you posted: XPch9Yha78Yw9GJ6pSdffP1UngaL3KHgML. It is for BnrtxCoin. The post is here: https://bitcointalk.org/index.php?topic=1094221.msg11689205#msg11689205 and quoted below whoever got the block via solomining share his/her getmininginfo pls, i want to evaluate how long this CPU will take to get one block
mine info is below and donation address is XPch9Yha78Yw9GJ6pSdffP1UngaL3KHgML
{ "blocks" : 3064, "currentblocksize" : 1000, "currentblocktx" : 0, "difficulty" : 1.11497695, "errors" : "", "generate" : true, "genproclimit" : -1, "hashespersec" : 18790, "pooledtx" : 0, "testnet" : false
To sign a message, open the Core wallet, go to File > Sign Message and enter in the top bar the address, in the middle text box your message which should say your current user name, your hacked username, and the date. Then click the Sign Message button and copy and post the signature which is generated in the bottom bar. Post the address as well as the message when you post the signature.
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It doesn't hurt to try but it is just a petition so it can't force anyone to do anything.
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There is a "delete-all-TX" (-zapwallettxes) but that does not delete the TX from people who have already received it.
By received you mean confirmed? No. By received he means the computer actually received the transaction from the p2p network.
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Is it possible to re-send the transaction with higher fees?
If yes, how is it possible to re-send the transaction with higher fees?
yes, but it is going to take longer than either waiting for a confirmation or asking brianddk to help you with CPFP. You could try doing RBF which is Replace By Fee, but very few nodes and miners implement that. Much less than CPFP. With CPFP, you will need to wait for Eligius to mine a block with your transaction. I don't know of any miner that does RBF yet. You could also do the standard delete transaction from wallet and wait a few days but that will take a few days.
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In regards to escrow I think the problem is going to be the other party (if he is brand new to BTC then he is probably unlikely to trust anyone).
I would recommend using a credit card for the deposit - and if you decide to pay for your stay in BTC then do that when you arrive (assuming they are happy to do this). Bitcoin is still rather alien to most people so the more relaxed the better.
In regards to the airport pickup thing you'll regret not doing that if you don't organise it (that happened to me).
This whole case demonstrates why I still think that the two great benefits of the bitcoin: anonymity to some degree but even more so the 'non-refundability' of bitcoin, are actually more nuisances or worse for the average person. For criminals etc. I understand that they are great characteristics of bitcoin though. Also it shows that the blockchain doesn't deal with trust..rather trust issues are now not dealt with.. It isn't supposed to deal with trust. The whole thing is supposed to be trustless. It is unfortunate that we live in such a day and age where greed rules everything and everyone.
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There's no such thing as free bitcoin. You have to spend something* to get bitcoin. *time: "solving captchas" on blockchain *time & energy: "to join sig campaigns and post messages" etc.
Can you describe more about "solving captchas" on blockchain? I might be interested in it. That is called going to faucets. Every faucet required you to solve a captcha and they will give you a few hundred satoshi. You can't get a lot doing that though.
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And, obviously, do not use Chrome browser or Android OS.
And if you don't want your data going to apple, don't use iOS, macs, or Safari. If you don't want Microsoft to know, don't use Internet Explorer, Microsoft Edge, or Windows. And if you don't want Mozilla to track don't use Firefox. So basically, use linux and Tor. I would recommend TAILS( https://tails.boum.org/) which uses Tor by Default.
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You need to wait for smart fee to initialize. It even told you so. Smart fee looks at fees from recent transactions and blocks so it needs to see those transactions and blocks before it can create a good estimate for a fee. Next time, you can either leave Bitcoin Core open or wait for smart fee to initialize before sending any Bitcoin.
I've used Bitcoin Core 0.11.0 since 07/26/1015 and it only initialize Smart Fee yesterday? Seems strange that it took 4 days to initialize smart fee. I have it open 4/6 hours a day in those 4 days. It probably only started initializing when you selected the option to use smart fee. Otherwise it would just be a waste of resources.
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I've quickly searched through your posts and it does not seem like you have posted any address ever. Have you messaged anyone and posted it there or anything? Unless you can provide a signed message, theymos can't do much for you.
I see that the only address he posted is for an altcoin. Do you think it would be acceptable if he signed a message using that altcoin's address?
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You need to wait for smart fee to initialize. It even told you so. Smart fee looks at fees from recent transactions and blocks so it needs to see those transactions and blocks before it can create a good estimate for a fee. Next time, you can either leave Bitcoin Core open or wait for smart fee to initialize before sending any Bitcoin. To fix this, if you have change from that transaction, you can try a CPFP transaction. This is another transaction that spends the outputs of the first transaction but has a higher fee so that the fee covers both transaction's fees. You can ask this user https://bitcointalk.org/index.php?action=profile;u=538273, brianddk, for help doing this.
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I would add the question, why does the encryption not encrypt the whole wallet? The way it is now says "It is ok for everyone to see all the transactions and addresses, but he is not allowed to send." Why is that? Every bank account encrypts all. And you dont let someone look into your fiat wallet normally too.
So why is it ok with bitcoin wallets.
A side effect would be that you don't have to enter the password each time you want to send a transaction. Though a timer should be implemented in case you let the wallet open and leave the computer.
It lets Bitcoin Core scan the blockchain for the transactions related to the addresses in the wallet since transactions aren't stored in the wallet. If it encrypted the addresses, then you would have to decrypt it in order to see how much Bitcoin you have. Besides, transactions and addresses are already public, so it doesn't hurt to leave them decrypted.
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