Bitcoin Forum
July 02, 2024, 06:58:02 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: [1]
1  Economy / Service Discussion / Why do BTC fees vary so much? on: February 20, 2021, 01:33:11 PM
If I transfer .002 BTC from Coinbase to Ledger the fee is around $2.20. If I transfer the exact same amount of BTC .002 back to Coinbase from Ledger at the same time the fee is $16.50.... Why are the fees so drastically different? Why is Ledger "charging" so much more... I found the fees similar and high for Trezor wallet too.

Thank you.
2  Bitcoin / Bitcoin Discussion / Re: What happens when everyone just holds their bitcoin and theres few txs? on: January 08, 2021, 07:39:30 AM

This can actually be seen as some unplanned attack on Bitcoin, if they operate like this for a long time. (The PayPal CEO said, their business model might change in the future, but we will have to wait and see if that will happen or not)

Interesting as EBay announced this week that no more EBay payment transactions will run through PayPal -- my estimate is this will be a significant impact on PayPal. Additionally EBay is requiring tax info to send to the IRS for every sell transaction someone makes on EBay for selling and tax purposes. Eek.
3  Bitcoin / Development & Technical Discussion / Re: Native Segwit vs Segwit on: January 03, 2021, 10:03:36 AM
Thank you so much for the feedback. Can you send BTC from a Native Segwit address to a Segwit address?
4  Bitcoin / Development & Technical Discussion / Native Segwit vs Segwit on: January 03, 2021, 07:42:18 AM
Can someone please explain to me in the most basic terms the difference between Native Segwit vs Segwit when dealing with Bitcoin Addresses? Is there one type preferred for use for the storage of Bitcoin? Thank you.
5  Bitcoin / Bitcoin Discussion / Re: Congrats Satoshi Nakamoto --> 44th Richest Person in the World. #cryptoastronaut on: January 02, 2021, 03:33:40 PM
Fascinating! Thank you for the links that discuss the mining early on.
6  Bitcoin / Bitcoin Discussion / Re: Congrats Satoshi Nakamoto --> 44th Richest Person in the World. #cryptoastronaut on: January 02, 2021, 02:54:58 PM
How do we know this? Is there a wallet address that everyone watches with all his coins in it?
7  Bitcoin / Bitcoin Discussion / Re: Why is Plan B disappearing? on: January 01, 2021, 10:24:13 PM

[/quote]
"yup. I might raise to $100K though ;-)"[2]

So, all in all, the disappearing act will not happen soon. But I hope it happens very soon. ASAP! Wink

[1] https://twitter.com/sheeap3/status/1344603785889542144
[2] https://twitter.com/100trillionUSD/status/1344610745468784640
[/quote]

Ahh.. Interesting! When he said "raise to.." I thought he meant "rise" as in 'rise up' when BTC hits 100K but used the wrong English context. I am glad he's not going anywhere. Thanks!
8  Bitcoin / Bitcoin Discussion / Re: Why is Plan B disappearing? on: December 31, 2020, 08:19:19 PM
@mk4

Thank you for your insight, I appreciate it. Happy New Year.
9  Bitcoin / Bitcoin Discussion / Re: Why is Plan B disappearing? on: December 31, 2020, 03:07:31 PM

With that said, what specific tweet made you think that he was leaving/disappearing?

His most recent Tweet from today. It was actually a comment someone made... then he said "yup" .... then another comment talked about buying their kids a hat and wanting Plan B to see a photo of it before he leaves...

https://twitter.com/sheeap3/status/1344603785889542144?s=20

Why the concern for privacy? I thought he was already pretty private? Is it in case Bitcoin does NOT follow his model?
10  Bitcoin / Bitcoin Discussion / Why is Plan B disappearing? on: December 31, 2020, 02:16:09 PM
Plan B who has shared his Bitcoin Stock-To-Flow Cross Asset Mode mentioned in a Tweet today that sounds like they are leaving/disappearing..... why? I am so confused why someone with so much knowledge is suddenly walking away?
11  Bitcoin / Bitcoin Discussion / Re: BCVault or Ledger? on: December 31, 2020, 09:19:22 AM
Can you please elaborate -- if you lose your original Ledger Nano device can you take the private key and input on any device and retrieve your coins?
Afaik, ledger will only generate you seed phrase. You can input the seed phrase on electrum wallet (and many other bip39) wallets to generate your whole wallet with your balance.


So are you saying that I can take my seed phrase that was generated on Ledger and input it on Electrum wallet and recover my funds if ever needed - like if the Ledger device had a failure?

Thank you all for taking the time to respond to me, your insight in valuable and I appreciate it.
12  Bitcoin / Bitcoin Discussion / Re: BCVault or Ledger? on: December 30, 2020, 09:58:38 PM
If I ever have a problem with the ledger I can simply use the private key to retrieve my wallet.

Can you please elaborate -- if you lose your original Ledger Nano device can you take the private key and input on any device and retrieve your coins?

Also, the Ledger device gives you a pre-select list of words for the private key.... why is that? Why can't I create my own? Wouldn't that be safer? What if someone hacked in to all the list of private keys from the Ledger company... how is it that the pre-select list of words is really safe if it was loaded don to the device before I purchased it...?
13  Bitcoin / Bitcoin Discussion / BCVault or Ledger? on: December 30, 2020, 04:31:33 PM
I had Ledger Nano in 2017. I haven't used it until a week ago and I couldn't get it to load properly with Ledger Live, the new app needed to use Ledger. Could be user or error could be software glitch. Makes me nervous.

Where should we store our coins? Do you like digital wallet or cold storage wallet? I've researched BC Vault and it seems impressive but it's newer. Company is 17 years old but the device is fairly new to crypto. Company from Slovenia.

Ledger is mainstream. Everyone seems to have it. I don't like that you have to use their pre-generated key/seed when it arrives. I don't like that the company security a breached. I have received a dozen emails in the last 5 days from Ledger Phishers. Anyone in the crypto business shouldn't be getting hacked.

I would love some opinions. If you use digital storage, what is the platform? Trust Wallet? Coinbase Wallet? Blockchain? If it's cold storage -- Ledger Nano X, Trezor, BC Vault?

How often do you check your balance, especially if it's a cold storage wallet? Thank you.
Pages: [1]
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!