I see that makes sense now.

Thank you for both responses.

Hello BitcoinTalk,

I am confused why BIP39 includes both 12 and 24 seed Phrases.  Shouldn't there be a separate BIP for each as I assume they are not compatible?  This question came to mind today because my friend asked me which wallets support 12 word phrases.

The below list outlines wallets that use BIP39.  However, there is no description which wallet uses 12 or 24 words (Why is that?)  My understanding is that Ledger uses 24 words.  Hence I assume you cannot use 12 words on the Ledger?

https://www.blockplate.com/blogs/blockplate/list-of-bip39-wallets-mnemonic-seed

Thank you

Thank you mocacinno.

I just ran it 7 times.  Always 0 and finally on the 7th attempt it showed an input.

I got it to work.  It seems to work inconsistently.  Sometimes Input is 0 and sometimes the input is correct.  Strange.

I am not getting any inputs for my address bc1qk64mum3cdk8pd0e7wnj4ut6rqfxmx20rcqy39h

https://www.blockchain.com/btc/address/bc1qk64mum3cdk8pd0e7wnj4ut6rqfxmx20rcqy39h

Thoughts?

Thank you.

Hello,

According to this post https://www.reddit.com/r/Bitcoin/comments/6z886e/coinbin_adds_segwit_support/ Coinb.in does support Segwit.

However, when I entered my SegWit address (bc1...) in order to create a new transaction no Inputs or Outputs appear for my address which does have Bitcoin.

https://coinb.in/#newTransaction

Is the conclusion that Coinb.in doesn't support bc1 addresses accurate?

Thank you.

I don't understand what "standard scripts that are stacked or wrapped" entails.

In the below video at the 50 min mark, Andreas discusses how Bitcoin Atomic Swaps require special Scripts in order to work.

https://www.youtube.com/watch?v=ugPa1r2OdIU&t=448s

I am confused by his discussion of special scripts since they will not be relayed by the Bitcoin network.


https://bitcoin.stackexchange.com/questions/29987/what-are-the-requirements-for-a-scriptpubkey-to-be-valid

So is this just a theoretical discussion by Andreas?   I am confused why Andreas is discussing this since it's not applicable at the moment, but he says "at least on Bitcoin this would be difficult... you would need a specialized wallet" and then he discusses something called Mini Script for creating special Bitcoin Scripts.

Thank you.

That makes more sense now.  


Why not [sig_scr] = 0 in all instances before signing?  Is there some benefit to making it [pub_scr] instead of 0?

This optimization makes sense.


Where do the 6 Bytes come in?  A transaction ID is a SHA256 hash of the transaction done twice, which is 32 Bytes. 

It appears a valid transaction has never been censored systemically by the entire network.  Charlie Lee perhaps should have used a word other than censored.

My conclusion from this discussion is that my Bitcoin can always be spent via the Bitcoin protocol layer.  However, if I interact with a centralized institution they may not accept "tainted" Bitcoin.

According to coinmarketcap, Bisq has extremely low volume: USD $13,501 traded in the last 24 hours.  This doesn't seem like a viable option.

LocalCryptos has a markup of 8% in comparison to the KYC exchange I use to buy Bitcoin with Fiat.

HODLHODL seems to require trust?  These are the instructions included in the first trade I examined on the platform:


Anyway, for me personally I am not too concerned about Tainted coins but it is an additional risk I feel compelled to explain to my friends now when introducing them to Bitcoin.

Does this philosophy include the non-use of the Lightning Network then?

Thank you for the answers.

This concept is very important and it is the way I envisioned the current Bitcoin ecosystem worked.  I believed that the only time an Exchange like Binance would reject my Bitcoin was if I was charged with a serious crime.  Since I don't see criminal behavior as applicable to me or my friends,  I wasn't concerned who I received Bitcoin from.

This is a good argument for having multiple implementations of the Bitcoin Protocol.


Does Binance return the Bitcoin to the Sender before they close the account?

I am coming at this question from the angle of how I discuss and promote Bitcoin to my friends.  Based on the responses, I feel safe to still claim that you are your own Bank with Bitcoin.   As long as you control your Private Key you can send any amount of Bitcoin to anyone.  The caveat, however, is that if the Bitcoin you own is somehow "tainted", it may be rejected at Exchanges or other points of Centralization.

It's similar to if my friend is paid in counterfeit dollar notes but doesn't know it and then goes to the Bank to deposit the notes but the Bank rejects and possibly confiscates them.

I'll be honest this issue of fungibility takes some air out of the Bitcoin narrative.  Prior to today I promoted Bitcoin as "You control your Bitcoin and no one can stop you from sending it to someone else."

I have to be more careful with my narrative now. The narrative now has changed to "You control your Bitcoin and no one can stop you from sending it to someone else.  However, it's possible that an exchange or other central authority may reject your Bitcoin if it is tainted.  Ensure that you only transact with trusted parties."

In the below video at 33:42 min Charlie Lee says that Litecoin (and Bitcoin) can be censored if the Litecoin was previously used in illicit activity.

https://www.youtube.com/watch?v=C_pTOomVtI8

Were there any Bitcoin transactions that were actually censored in the history of Bitcoin?

Thank you

Wladimir, as the lead maintainer, is the only one that can revoke Commit privileges from one of the Bitcoin Core Maintainers?

According to this site http://bitcoinstats.com/network/propagation/ in 2017 it took 1.818 seconds to propagate a newly mined block to 50% of the Nodes.  However, it took 3.792 seconds to propagate a single transaction to 50% of the nodes.  (Scroll down to the bottom of the page to see the above mentioned stats)

I don't understand how a transaction would take more time to propagate than an entire block filled with thousands of transactions?

Thank you