What would Satoshi Nakamoto think about this? I believe (just my opinion) that he would be totally against this idea. There is no mention in the whitepaper that came out in October of 2008 about this. He talks about bitcoin as money. His ethos was minimalist, monetary, and decentralized. That suggests he’d consider turning Bitcoin into a spamcoin a dangerous dilution of the mission he outlined in 2008. I wish he would show up and weigh in on this very important matter.
Satoshi Nakamoto to show up to make bitcoin to become centralized or what do you mean? It is also better how Satoshi Nakamoto did not reveal himself to the world. Satosho knew what he did, he knew bitcoin would be an investment asset and he made it open source. He makes bitcoin not to only rely on Bitcoin Core. He would not have to reveal himself. Satoshi could just simply sign a message with his opinion to prove it was him. No, not to make bitcoin centralized. All to the contrary. Basically to uphold the principles of the whitepaper, emphasizing it's use as money and keeping the network as decentralized as possible. |
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What would Satoshi Nakamoto think about this? I believe (just my opinion) that he would be totally against this idea. There is no mention in the whitepaper that came out in October of 2008 about this. He talks about bitcoin as money. His ethos was minimalist, monetary, and decentralized. That suggests he’d consider turning Bitcoin into a spamcoin a dangerous dilution of the mission he outlined in 2008. I wish he would show up and weigh in on this very important matter.
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I would say to check the first and last 5 characters of an address and also 5 in the middle, as someone who creates vanity addresses might be able to come up with an address with the first 5 and last 5 the same as your real address. In fact, I know that this is already happening, so I would add to verify 5 more characters in the middle. Also doing voice verifications adds a layer of security as well, so for example, say your friend is sending you a btc address, it should be followed with a voice message from him with the first, middle, and last 5 digits. If a large amount is being sent, you can test send a small amount first.
Also let me add that on native segwit and taproot addresses that start with bc1q and bc1p respectively, more than the first 5 characters should be checked.
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When I took a close look at this transaction, I realized that the funds he sent did not go to my wallet, instead they arrived at this other wallet
I sent my wallet address to my friend using a messaging app which he says he copied and pasted on to his wallet. The wallet he uses is blockchain wallet
You are the receiver, your friend is the sender. If the receiver (you) did not receive bitcoin to a given address, the sender did not fullfil his responsibility in the trade. Whatever reason your friend used is non sense and even if his device was hacked, compromised, he still has responsibility to fullfil that trade and send another bitcoins to your wallet. That's it. You don't have to care which wallet your friend used, just need to request him to send you bitcoin to your address. Most of this has already been addressed and mentioned in above posts. |
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One of the best things Satoshi did was to invent bitcoin. Even better was that he disassociated himself from it. I strongly believe Satoshi is out there, alive and well, however the chances that he surfaces are slim to none. It's for the good of bitcoin. Satoshi has done his job well.
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We are going to create a new wallet on hardware device, to create an address, then we will import his current wallet to the hardware device, and send those coins to the newly created wallet...... So we are taking precautions. I told him he needs to secure his mnemonic phrase immediately, then after the coins have been secured, wipe and re-install his operating system.
Don't forget to tell him to use another device that he knows is clean from malware and viruses, or if he doesn't have an extra device but has an extra SSD/HDD, then he can install a fresh OS and disconnect the current drive because even if he is going to use a hardware wallet during importing his current wallet to the newly created wallet, he might experience the same thing because that device is infected and his clipboard is already hijacked. I think blockchain seed is compatible with Electrum BIP39 enabled try to suggest it to him. As far as the computer that had the clipboard malware installed, it will not be involved in the process of moving to a new wallet as a precautionary measure. He apparently has a ledger wallet where the funds will be moved, and I will be explaining how to set up a bip39 passphrase as an option. I will also make him aware of the need to verify addresses ALL OF THE TIME regardless of whether a cold wallet is being used or not. The old computer's HD will be wiped and a new OS will be installed.
Depending on how much coins he has he can set up a cold wallet for better safety. He can use a watch only wallet to create the transaction and sign it in the cold wallet then broadcast in the hot wallet.
That aside. He should be careful the sites he visits and permissions he grants to softwares he installs.
A wallet capable of PSBTs would be excellent, but he's not there yet. He has a ledger wallet and he is going to be more aware going forward when he has to perform a transaction. this should bring up his security a few notches. As far as the origins of the malware, I don't know, but I warned him about pirated software, and to be careful with what he installs. I also told him to create a standard user account as his main user. |
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Just to clear some things up. He is a close friend. I totally believe him that he screwed up. He definitely sent the coins to the scammer address listed above, shown in the txid that I posted. As many have stated above, I do believe his clipboard was hijacked, likely waiting for a bitcoin address, and then inserting the known scammer's address, as stated by bitcoinwhoswho. He certainly was not trying to scam me, to get away from paying, as he already agreed to pay me.
Yes, indeed, he was using a hot wallet on his computer to send the funds, I believe it was web based. Honestly, I was unaware of his system, and I was shocked to hear that he was using blockchain wallet on his computer.
We are going to create a new wallet on hardware device, to create an address, then we will import his current wallet to the hardware device, and send those coins to the newly created wallet...... So we are taking precautions. I told him he needs to secure his mnemonic phrase immediately, then after the coins have been secured, wipe and re-install his operating system.
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This off topic junk is not related to this topic, go spam somewhere else where your stupidity and insecure wallets are more welcome.  You should not have began by quoting me with your off-topic post. You caused it with your spam quote. You also do not necessarily have to quote me. I have one main wallet, but I used a truly random method to generate my mnemonic phrase, using dice rolls, verified by a python script to be correct. Furthermore, I have added an additional bip39 passphrase which is kept in a separate location, and it's all secured by an antiphishing hardware wallet. This is where my main coin are, then I also have another wallet with less coins.
Sounds good, much better than the multi wallet methods by wannabe experts.  Do not listen to the rubbish this guy is posting. You can more than one wallet if you have the brain to keep them safe. I have 3 wallets. If I can keep one wallet safe, that means I will be able to keep three wallets safe which makes him quoting me to be unnecessary. I am also using passphrase with all my wallets. Not using passphrase makes me not comfortable with my offline backup. In fact all the 3 wallets have only a single seed phrase but with 30 characters passphrases. @Satofan44, you can come and hack it and see your effort wasted. @Satofan44, you are the wannabe expert here Honestly, the method I am using, I believe is secure enough for my main funds, I don't believe the need to be separated into more than one wallet with my method that I described above. The only reason I have a secondary wallet is to isolate main funds from spending wallet. It's not necessary to have more than one secure wallet, but nothing stops you from doing so. If you are able and willing to manage that, then fine, but certainly not necessary. |
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Bitcoin isn’t just money. It’s sovereignty. Secure your coins, and you can cross any border with your wealth intact.
No bank, no government, no gatekeeper can stop you.
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I have one main wallet, but I used a truly random method to generate my mnemonic phrase, using dice rolls, verified by a python script to be correct. Furthermore, I have added an additional bip39 passphrase which is kept in a separate location, and it's all secured by an antiphishing hardware wallet. This is where my main coin are, then I also have another wallet with less coins.
A quantum computer with at least 1 million qbits is necessary to have a chance at cracking bitcoin addresses, and we are far, far away from being able to achieve that. I am not concerned at all by quantum threats.
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Your friend was not hacked, but his gadgets have been infected by a clipboard virus. From the txid you provided, I searched for the address, and I came across 19p4Va5RjrrXeLpSPCcKLPALQxgSoP6i8g, which was where your expected payment was sent to, and if I’m correct, then that address has been reported to be associated with phishing scams, clipboard virus scams, and all manner of fraud online. You sent the right address to your friend, but upon copying and pasting it, the wallet changed to the scammer's address, which he was not vigilant enough to notice. https://www.bitcoinwhoswho.com/address/19p4Va5RjrrXeLpSPCcKLPALQxgSoP6i8go.k thank you, so he was essentially scammed. I just sent him a message to no longer touch that wallet, and to import his seed onto a new wallet on a separate device. For clipboard malware, the wallet is not the problem but the device is, as it has already been infected by the virus. The gadget should be scanned for other potential threats, and even the new device he might want to start using should be approached with caution. If it's a Windows PC, tell him to avoid pirated software, as they are most likely carriers of such malware. He or she should learn how to double-check the wallet address to ensure it matches with where they want to send payment before authorizing it, to avoid such problems from occurring in the future. yup, I am already in communications with him. I will help him take the appropriate measures, thank you. How terrible that this has happened.
My friend has recognized that he is at fault, it was on his end. He is going to send me another $1,000 USD in btc, this time, we will check things carefully. |
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In short, he sent the coin to another wallet. On the message you sent your address to him, is it your bitcoin address that is there? If it is your bitcoin address that you sent to him seen in the message, that means it was not your fault but your friend's fault. He has to send another coin to you because he sent it to the wrong address. Maybe your friend copied a wrong address or his device has clipboard malware.
Yes, he actually received the correct btc address, which he copied he says..... Your friend was not hacked, but his gadgets have been infected by a clipboard virus. From the txid you provided, I searched for the address, and I came across 19p4Va5RjrrXeLpSPCcKLPALQxgSoP6i8g, which was where your expected payment was sent to, and if I’m correct, then that address has been reported to be associated with phishing scams, clipboard virus scams, and all manner of fraud online. You sent the right address to your friend, but upon copying and pasting it, the wallet changed to the scammer's address, which he was not vigilant enough to notice. https://www.bitcoinwhoswho.com/address/19p4Va5RjrrXeLpSPCcKLPALQxgSoP6i8go.k thank you, so he was essentially scammed. I just sent him a message to no longer touch that wallet, and to import his seed onto a new wallet on a separate device. |
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Hello to everyone.
I have a friend that owed me about $1,000 USD. I asked him to pay me in btc and provided him with a bitcoin address. After the funds never arrived at my wallet, I contacted him. He claims to have made the payment the day before shortly after I provided my btc address, and he gave me proof by providing the following txid: dd1911398dddf7ffa3a698ad66ceafd17b3002f5fa0d8dfe2734f7fa84eef347. The amount of 0.00925060 btc was supposed to arrive at my wallet, but it did not!
When I took a close look at this transaction, I realized that the funds he sent did not go to my wallet, instead they arrived at this other wallet that appears to have been established sometime in 2020 and has a balance of 4.65 btc. This wallet has received about 228 transactions, mostly active in 2022, but also active other years as well. The wallet has also received transactions as part of a batch sent to other wallets as well maybe coinjoin?
I sent my wallet address to my friend using a messaging app which he says he copied and pasted on to his wallet. The wallet he uses is blockchain wallet...... Any information would be greatly appreciated.
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Once you come out of a mixer or coinjoin, you could send your coins 2 or 3 more times to other addresses, within some time. Maybe something like this will help? I can't help but think that if mixers and coinjoin were such a problem, that you would see accounts frozen and flags all over the place and we are not seeing that. I know accounts do get suspended, but is it really happening at such a high level? Does not appear to be the case. Coinjoin has a lot of daily traffic. I don't like the idea of changing my btc for xmr, and then back. What if there is a price increase? I am taking look at some of the above privacy guides, they look like they have good info in them.
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Having had interest for bitcoin among all altcoin, I tried to imagine if the price of bitcoin is reduced to atleast 80% so that It can be affordable, and before this is done a proper warning is sent to all the users and holders so that they can sell before time to avoid lost on their part and buy back when it is stable and relatively cheap.
The world is now digitalise where induction, orientation and serious campaign about bitcoin is prevailing but the major constraint for adoption is the price which had made old users to benefit from the system. For instance to own a bitcoin in my country is above a million naira. Where will one get this money from as a newbie. Let it not be as if there is no hope for us that are new to the ecosystem.
Why do you want bitcoin to pullback 20%? When you look at the 4 year cycle, no matter what price you bought at, you "are in the money". Furthermore, There will be no warnings about price fluctuations, but you should not be worried about fluctuations if you are a long term holder. Again I point you to the 4 year cycle..... |
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Buy and hodl for the long term. You'll be o.k.
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I have since moved my addresses to native segwit. I thought about this, and the main reason for doing so, was privacy, since most addresses being used on network are bc1q.
It’s good but If it’s about privacy, then just using Native segwit doesn’t guarantee your privacy[don’t get me wrong..as I’m not against segwit ], Privacy has to do with the way you move your coins and declare your addresses.. With segwit you have cheaper transaction fees anyways which can help you save some sats when you want to do any future consolidation of UTXOs( since you said you’re used to doing that ) I totally agree. I will be setting up my own node, with private electrum server next. Going to native segwit was the first part, should have mentioned it in previous post. |
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I have since moved my addresses to native segwit. I thought about this, and the main reason for doing so, was privacy, since most addresses being used on network are bc1q. Therefore I feel that I fit into the crowd better, vs using 1- legacy addresses stand out.
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For those who talk about corrections and mention history, BTC is much more mature than it used to be. You might see corrections, but unlikely like in the past. I doubt it will go below 100k ever again, honestly. We are seeing some of the last moments to buy it cheap.
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I won't give you advice, however I will mention two things. 1) Dollar cost average is the most sensible way to invest in bitcoin. If you are not familiar with it, look it up, you will find plenty of information on it and 2) Time in the market > (is greater than) timing the market. Make what you will of those two things.
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