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If I search on bitcoin on eg. coinmarketcap, there will be a lot of coins with "bitcoin" in the name. Like "Bitcoin 2", "Bitcoin Diamond", "BitcoinHD", "Wrapped Bitcoin" and more..
Is all of them forks from bitcoin and there to be claimed?
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Why is it a scam coin / 'backed by a fraudster'? |
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I can't find any support for bitcoin SV. Does anyone know if trezor said that they will make any support for bitcoin SV?
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Ok so if I send 0.12 btc will the receiver see that I actually sends 0.2 btc?
Exactly. He will be able to see all past transactions you did from that address. Go to blockchain.com and insert your address there. He will be able to see that. https://www.blockchain.com/btc/address/***your_address** He will be able to see the transaction of the person (or exchange) who gave you the 0.2 BTC, all the past transactions of that person/exchange address, and your address balance. This is why it is very important to always generate a new address when receiving funds. Not everyone will know that your new address (the change address) is yours, so it will be slightly more private than your old one Ok, what if I send 1 btc to an exchange and then sends 1 btc back to my wallet (new address). Will I see in that transaction that that btc came from my wallet in the first place? Or is it another bitcoin with another history?  |
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This happens because you cannot split an input. Everything is correct don't worry.
You probably have one input of 0.2 btc. You cannot just send 0.19 or 0.12. you have to send 0.2 and the remaining (the change) will go back to you in a new generated address, called change address. The change address is yours , and it is a newly generated input for you to spend when you want.
Ok so if I send 0.12 btc will the receiver see that I actually sends 0.2 btc? |
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Sounds like that I don't actually need to create several passphrase wallets only to prevent other to see all of my coins? When will there ever be a point to create several wallets instead of creating accounts? Ok for security and the classic wrench threat or if you don't want to show any one sitting next to you all your coins (as they see the total amount of the accounts). But what other values are there to have passphrases instead of accounts? (Perheps BitCryptex answer could be a reason) |
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For an exampel if I preveiw a transaction where the send amount is 0.12 BTC with a fee of 0.00004 and preciew another transaction where the send amount is 0.19 BTC with a fee of 0.00004 then "Sum of outputs" of both the preciews is 0.2 BTC. I guess that I once had an input of 0.2 BTC?
However, is this wrong? Should it be 0.12 BTC + fee as an output and 0.19 BTC + fee?
I don't know if it matters but I restored my armory wallet. If I hover the question mark of the "sum of outputs" it says:
"Most transactions have at least a recipient output and a return-change output. You do not have enough information to determine which is which, and so this fields shows the sum of all outputs".
My armory is online and I can make transactions with it. Wallet version is 1.35
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But is it only for my own organization? Isn't it as another layer of privacy as well?
Yes, it's only for organisation. I wouldn't say it's a privacy enhancement since you have to connect your Dropbox account. If someone gets access to your Dropbox account then they will be able to see that you have a Trezor device. Labels themselves are encrypted. It will be possible in the future to save them on a SD card on Trezor T. If you want to manage your coins properly then pair your wallet with Electrum which has great coin control capabilities. Ok, I thought that it was like the passphrases. So if I receive transaction to Account #1 and Account #2 in my wallet with passphrase "abcde". Then if I send from Account #2, the recipient will not only see that the transaction is from "Account #2". They will see my wallet "abcde"? |
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Don't worry about those account names or label
All you need is your seed. Even your trezor device can be lost, and with your seed you can recover all your funds in Electrum or any other wallet.
Those account name's are just for your organization and software interface, they don't affect anything in the blockchain or in your balance
But is it only for my own organization? Isn't it as another layer of privacy as well? |
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Do I need to remember the name of my accounts if I need to restore my device?
Are you referring to labels? No, you don't have don't remember them and they won't appear unless you connect your Dropbox account again. The seed and the passphrase (only if you enabled it) are enough to restore everything. Not the label, only the account "name". I think it is named "Account #1" and if I create a new account it get named "Account #2". It is those names that I refer to. What if I rename those accounts to "buisness" and "shopping"? Do I need to remember that? Or is that only possible to rename them if I activeated dropbox and labels? |
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Do I need to remember the name of my accounts if I need to restore my device? What if I restore my pass seed to another wallet that supports account. Does it automatically show all my accounts or do I need to specify them?
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My trezor T never had the option to chose between 12 or 24 word revovery seed. Got started with a 12 word seed and tried it out, I made some transactions even to a passphrase wallet. How do I create a new 24 word seed? Do I need to remove my wallet and create a new?
I guess there isn't any other solution with my current funds then send it away from my 12 word wallet (if I will create a new 24 word wallet)?
By the way, isn't 12 word enough? Especially if I use a passphrase..
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When I confirming my transaction it says that it "will spend x.xxxxxxx btc from wallet" even if I sends a mutch smaller amount of btc. Is this x.xxxxxxx btc a payment that I received? Or why that value?
Do you not see a screen like this when you create your send transaction?   Yes I do see that screen, that's why I asked. My explanation of that screen in my first post wasn't that good  NeuroticFish made a good explanation as well. Is there any option in armory that includes the fee in the amount I want to spend (instead of applying it later on my spend amount)? No, it is always in addition to the amount you want to send. Where do I find the setting to use change addresses?
Armory always uses change addresses by default... there isn't an option to turn it on or off, you can only specify the type to use: "File -> Settings... -> Fee and Address Type" Ok thanks! |
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Your explanation is indeed unclear. I will try to tell all the things that happen there, hoping that some of them will make it clear for you what you see and what you were asking. When you send a transaction, if you want to pay for example 0.001 BTC, you will actually spend maybe 0.00100300 BTC(*) because you actually pay some transaction fees (the miners' work). Also, if you have received 0.002 BTC and that's what you are spending from, the whole 0.002 BTC is "sent away", but 0.002 - 0.00100300 = 0.000997 BTC will return to you, either into a change address, either into the address you were sending from, depending on your settings. The fee amount doesn't help in your privacy. The use of change addresses does. (*) The numbers are not accurate, the fee depends on how busy the network is and your settings. But the numbers may make it clearer then xxx and yyy Thanks for helping out! So there is no more privacy of spending the whole the whole 0.002 BTC that I got received once instead of 0.001 BTC? Where do I find the setting to use change addresses? |
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When I confirming my transaction it says that it "will spend x.xxxxxxx btc from wallet" even if I sends a mutch smaller amount of btc. Is this x.xxxxxxx btc a payment that I received? Or why that value?
Is it better in privacy to send that amount (x.xxxxxxx) instead of what I specified? Is there any option in armory that includes the fee in the amount I want to spend (instead of applying it later on my spend amount)?
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What is a recommended fee / byte? I'm not in any hurry (it doesn't matter if it takes 1h or 12h)
Does it matter if I send 0.00001 btc or 1 btc?
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