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Can anybody compare THORSwap to SideShift or FixedFloat, perhaps?
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The more evidences, the more confidence of Satoshi idenditity proof, e.g. sending transaction from his addresses (12cbQLTFMXRnSzktFkuoG3eHoMeFtpTu3S, 1NS17iag9jJgTHD1VXjvLCEnZuQ3rJED9L and so on) or signing a message with the corresponding keys combined with evidence of his English and C++ programming skills. Others may include:
- clarification of his vague explanation of the choice of 21 million BTC cap,
- explanation of his reasons for staying anonymous,
- confirmation by peer-reviewers (of source code and whitepaper),
- confirmation by witnesses who knew about him working on Bitcoin,
- materials created during his research on Bitcoin,
- release of the Bitcoin source code versions previous to the first published ones (and links to source code fragments that were copied or stripped down, e.g. poker bot),
- evidences of bitcoin.org domain registration,
- evidences of setting up the bitcoin.org website,
- publishing his correspondence,
- explanation of origin of his nick if not random,
- hand-written notes about Bitcoin,
- revealing unknown facts that could be verified.
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I think you understand the way DEXs work incorrectly. In DEXs there is no specific mechanism for determining fees or exchange rate, but liquidity is what governs, meaning that I can exchange BTC/ETH pair for 1 Bitcoin and get ~ 13.86 ETH to ~12 ETH according to the available liquidity and thus, despite the lack of need To verify identity, however, I may lose some money if sufficient liquidity is not available.
Fees may change according to how they provide liquidity (they pay money to people to provide liquidity in return for APY)
In CEXs what happens is that the site modifies the site database according to the trading prices, and thus the speed and cheap fees.
If there is no specific mechanism for determining fees or exchange rate then why they are displayed to a user in the GUI widget ("Network fee $9.43" and "Exchange fee $14")? |
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If THORSwap charged x3 premium fees then they should advertise the total cost equal to the "x3 premium fees" instead of artificial 3 times lower amount, I think. There is the screenshot of the GUI widget shown to a user:  Thanks for a reply. |
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The total cost of conversion from ETH to BTC amounted to approx. 1% or $50 (for the volume of 4 ETH -> 0.3 BTC) yesterday. The total cost broke down into: - 90% of the exchange fee charged by THORSwap and - the remaining 10% of network fees (28.0 sat/vB for Bitcoin and 13 gwei for Ethereum). The Bitcoin and Ethereum networks were not congested and prices were not valatile (BTCUSD $16,727-$17,045.90 and ETHUSD $1,203.88 - $1,229.32 in the preceding 12 hours). Link to THORSwap: https://app.thorswap.finance/swapPros: - transaction was instant and automatic, - simple GUI, - no KYC. Cons: - 1% or $50 cost seems expensive, - the advertised (inside the app) total cost was lower (misleading): in the range of $16-$28 (where the part of the exchange fee was $14), - unclear if TapRoot addresses (bc1p...) are supported. How does it compare to alternative ways to convert ETH to BTC, e.g. centralized exchanges, peer-to-peer? How would you rate it? What alternative would you recommend? |
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I read that Bitcoin tech is safe. Own a key, and it is safe. No one can steal my coin if I don't leak my key.
If you read my comment again I used two big "ifs" there that should be correct at the same time. That is normal in cryptography. If you use cryptography the way it is supposed to then you are safe; if not you are not safe! First big IF is if you use the same private key for a P2TR (Schnorr signature) and any of the older addresses using ECDSA. Second big IF is if the implementation of Schnorr is flawed so that it uses the same nonce generation algorithm used in ECDSA, ie. RFC6979 instead of using a different algorithm such as the the new proposal using Tagged hashes. Can I ask you to elaborate on the risk of using the same private key for both P2TR and other type of a transactions (P2PKH, P2WPKH), please? Is there an exploit that I could examine and experiment with, perhaps? |
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If it's real, it's either: 'l' and '1' were written in a homogenous way for the majority of users to mistook the characters or it's actually an eye checkup for prescription glasses.
Any source of that 'interview' so we can "evaluate" its magnitude?
Responding to your questions, the source of those interviews with users is me. It would be incredibly unlikely when reading from a screen, since most fonts quite clearly differentiation between lowercase l and the number 1. It would be very possible when reading from something hand written, since many people write these the number 1 simply as a vertical line.
There are contridctory findings in many comprehensive, widely-known researches. As a matter of fact, it is very likely that letter l is mistaken as numeral 1 when reading both from screen and handwritten text: "To cite another example, those familiar with computer-generated passwords know how easy it is to misidentify a lower case letter “l” in a password (or email address) as the numeral “1,”" (" https://www.ncbi.nlm.nih.gov/pmc/articles/PMC5614409/"). \ I encourage sharing own experience by all forum members. |
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Let's get back to the subject and the question "whether you faced the same problem [letter “l” mistaken as numeral 1] in order to evaluate the magnitute of it, please?".
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I've printed a few addresses, but never by hand.
So, eventually, you may have faced the problem of misreading the lowercase l character. One more question for you:
If you need to send me Bitcoin, how would you prefer that I give you my BTC address? Should I write it down by hand on a piece of paper and send you a photo of me holding the paper in my hand, or do I copy/paste it and send it you via PM, email/Telegram or any other digital way?
If BTC addresses are to be used (written, sent, read) in digital ways only then why bothering about encoding (bech32, base58 etc.) at all? Why would it make any difference whether they are human readable, printable or exclude indistinguishable characters? Similarily, are URLs (re-)typed or read in digital ways (clipboard pasted or copied or scanned) only? |
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Another thing. Who types down an address character by character nowadays anyways? You copy/paste the whole thing or scan the QR code then you check if the two addresses match before finalizing a transaction.
To answer your question, I have never had that happen to me because I don't write down addresses character by character, and you shouldn't either.
Thanks for a response. Answering your question, I think that HODLers, paper or hardware wallet users and more type down addresses character by character. Also, there is risk that inexperienced user would misread l as 1 when checking if the two addresses match in your example. Lastly, I can't find a reason why an address shouldn't be written down. Can I ask you to elaborate on your suggestion, please? Same here, I've never faced this issue because I usually copy-paste (and check thoroughly I've pasted what I was supposed to, since clipboard malware is a real threat) or scan QR code.
Even more, I have experience and I do write different I, l and 1.
"transaction can't be made and so bitcoin is not received. It's not easy for a user to realize a cause of the problem and recover" <- I tend to disagree with this, the wallet should tell that the address is incorrect. At that point, if the user is well intended and has no other solution, will contact you and ask for a correct address.
Thanks for a response. Following-up on the disagreement, I think that the problem exists even if a wallet informs that the address is incorrect. A user may not know what exactly is incorrect and repeat the same mistake every time reading an address. I don't know anyone who is typing complete bitcoin address manually, and I never did something like that.
I never heard of such case (until now), that means it doesn't really exists (for me).
Thanks for a response. Not happened to me even once.
Thanks for a response. |
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Feedback from a bitcoin user interview - lowercase letter “l” mistaken as numeral 1 in bitcoin addresses (e.g. bech32).
*Example scenario*
Read bitcoin address from a screen/display/paper. Then type on a keyboard in another device. (Possible context: sharing one-time bitcoin address to another user in order to receive bitcoins).
*Result*
Many times users misread lowercase letter l as numeral 1. They share incorrect address, transaction can't be made and so bitcoin is not received. It's not easy for a user to realize a cause of the problem and recover from the situation. They repeat the same misread every time and get even more confused.
*Question*
Can I ask you to respond whether you faced the same problem in order to evaluate the magnitute of it, please? I believe that it happens in majority of cases, especially that 1 is used in every bech32 address (as a separator at least).
(On a side note, I think that users should decide what encoding to use so let's give them many options, e.g. word-safe base20, bech32, base36, HEX, base58, Radix64, base85, US-ASCII and learn from it).
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You can buy now at eToro's Secure Site
I don't quite understand the message. I Googled "eToro's Secure Site" and couldn't have found anything relevant. Instead I used Hodlhodl to purchase bitcoin successfully. BTW I am looking to buy more. |
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DM me if you want to sell BTC without commission (directly, peer-to-peer). I will pay in person (by cash) or remotely (e.g. bank transfer).
Also, recommendations about low/no commission methods to buy BTC are welcome! I prefer the ones without KYC. Thanks in advance!
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Do you know where I can sell ZXT tokens? The ICO has started yesterday. Where can I sell them if I want to? Is there any exchange or a service similar to Shapeshift.io?
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Mamy prowizje 3% Czy nie jest to błąd i nie macie 3%? Czy nie jest tak, ze zamiast 3% macie ok. 6% na co składa się kilka punktów procentowych narzutu gieldy BitMarket względem wiodących giełd (np. Bitstamp, Coinbase) oraz Wasza dodatkowa prowizja? To jest jednak zdecydowanie więcej niż handel fizycznym złotym w kantorze. |
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Porównałem kilka polskich ofert i wyszło mi, że kupienie i sprzedaż bitcoina jest po cenie ok. 6% odbiegającej od ceny rynkowej z największych giełd. Toż to nawet wymiana fizycznego złota nie jest tak kosztowna. Transakcje międzywalutowe na PayPalu to ok. 7% kosztów. Kartami kredytowymi (z przewalutowaniami) podobnie. Wygląda na to, że w Polsce bitcoin jest tańszy tylko niż Western Union. Czy to nie dziwne? Z czego to wynika? Jak to zmienić?
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Kupię 1 lub 2 bitcony. Chciałbym dokonać transakcji osobiście w Warszawie. Poproszę o kontakt na priv.
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