Bumping this thread after a 11 month inactivity since I am getting a hard time to find posts worthy of merits from Newbies.

Rules are changed slightly, feel free to apply and try to rank up soon.  

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I have given this post a Merit. Thanks for pointing out your topic on full nodes. Initially thought of awarding you 2 merits so that you don't have any difficulty in ranking up-to Member rank but you lack some basic info on Full Nodes, Pruned and Light Nodes. I have given my input in your thread, kindly check to it and add them up to your topic so that Newbies would have a better insight on these Nodes and how secure it is to run a full node.

Probably a broken English shitpost, but I have reviewed your 19 posts and felt this post about How to Earn Cryptocurrencies free was worthy of 1 merit since you were a newbie and you need to learn more of this crypto world. Improve your post quality and your knowledge by reading through technical stuffs and some books on cryptography and bitcoin.

P.S Anyone applying in this topic for review, your posts would be deleted by me and be quoted in my review post so that this topic doesn't get clogged up with application spams.

Reviewing further applications to clear up my smerits.

Downloading the full blockchain alone doesn't make one a full node. It performs additional functions such as verifying of signatures, check for the transaction if they are double spent, check that the newly created blocks are generating only certain number of btc etc. We need to note that full nodes are the ones, which gives miner the transactions and further these miners pick up those based on the txfee priority. A tx which pays high fee are mined faster than the tx with lower fee. If a full node doesn't feel like the transaction is legit and not following the consensus they have the power to invalidate the tx from getting mined. Miners just pick up the tx and add them in a block and mine them.

Whereas in a light node you need to download the block headers so that you don't need to depend on the full node at all times during a transaction. These block headers contain certain information in the form of Merkle tree.  This merkle tree contains information of a transaction hash and doesn't require you to have the whole body of the transactions for verifying.

It seems they were actively following all his topics and would chime in regardless of sections in which he posts!  

Is this really true? If the idea of the coin/bar/note is very unique and difficult to reproduce we won't be seeing much of these fakes probably. Casascius coins were one among the few rare coins to be copied and reproduced, apart from that I don't see much fakes being reproduced! If that was so, it would completely destroy the value of coin in long run. Even some common chips like satoris and BTCC and coins like Bitcoin Penny haven't been reproduced even though they are somewhat easier to fake when compared to other premium collectibles like Lealana and Kialaras.

Have you encountered any fakes for Kialara moon suites or the recently produced Kialara Hydras?
What are your basis for these claims?

This would really be an awesome idea if that comes out as planned. You seem to be consistently giving out some cool ideas but most of them doesn't get implemented as planned right from the report badges to YouTube Videos. May be you are the only one working on scripting and codes and your busy schedule is pushing these ideas to an unknown future date.

Why is the number ranging from 50-300, isn't it pretty low for such a huge forum? Are there only 300 reputed members? May be you could give around 1000-2000 coins to all those willing to expose their location to you primarily since most of them remain anonymous. Also what would be the purpose of giving someone a collectible coin (which might be quite rare) if they doesn't know what it is?

Of course YES. Some coin makers like Kialara who has insane levels of thinking in designing collectibles take a little higher time than expected, anyways planning soon would be better so that the coin can be announced exactly on November 22, 2019 18:04?

A pre loaded one or a DIY coin should be the primary aspect of a bitcoin collectible. The private keys should be controlled by you/other treasurers of this forum. Like others said, may be we can take on the poll for best designs after the maker has released few of his ideas to the public.

May be you can give away the coins to the top contributors to this forum and other small contributors can probably be awarded with a polymerbit note? That could be better actually. There are quite good coin makers in the market right from Kialara, CryptoImperator and others whom you can hire to bring the best out of their minds to commemorate the 10th year anniversary.

What makes them superior from other users of this forum? Posting quality? Oh man, what has posting quality to do with collectibles?

That's certainly a very bad idea. It would become a hectic work for the coin maker or probably the coin will never come out actually! It should be of similar patterns with numbering from 1-1000/2000 and giving them out on the basis of account age of the user. For instance if the user registered on 2010 they would be receiving the first set of coins and later on.

Right back in 2009, when Hal was speaking with satoshi after a few days he mined the genesis block, he assumed that if Bitcoin was successful the total market value would surge to as high as total wealth all over the world. Though this seems to be an over exaggerated statement from Hal, we the early adopters believe that this isn't the price the bitcoin would be in future considering it's mass adoption and the on-going developments in the bitcoin space. Volatility could act as a barrier to adoption but we are still in the early days of bitcoin and there is a lot to come as the year rolls.

We don't need to restate what has already been written in the history to the haters or panic sellers. We should be aware that people often compared dot com to the tulip bubble mania. But today almost every one of us are buying something from eBay or Amazon. People believed Amazon or other dot com companies which relied on internet (such as bitcoin does) doesn't physically exist and the bubble would burst quite sooner.

The market during the 2017 hype were completely driven by FOMO and newbie investors just buried their head in the darkness without knowing the technology which drives them. This resulted in downtrend losses and labelling the digital money as a get rich quick scheme. These guys clearly lacks the basic knowledge and need to get rich quicker. The mtgox panic sellers were the real losers who didn't know the price would reach sky high while the one HODLing during extreme conditions (such as something prevailing now) are the real smuggers who believe in the technology and not in the hype.

It is literally sad to see how the topic was derailed from "learning blockchain" to "learning about bitcoin". Blockchain is a way of storing and transmission of data in the form of blocks, whereas bitcoin is digital money and used for transmitting value from one person to another in a decentralized and a trustless way. Bitcoin and Blockchain can better be stated as


Bitcoin is not Blockchain They are two different entities but are dependent to each other. Satoshi created this technology as a way to store his transaction datas and to prevent the double spending problem for his digital money. But bitcoin can be called as the first application of the blockchain and cannot be called blockchain. Today even though bitcoin is banned in certain parts of the world there seems to be huge hype for the technology through which bitcoin was designed.

If people get this, then their way of approaching the learning of technology would be very much different. You can call banks will adopt blockchain in future, but the statement doesn't make sense if you stipulate "Bitcoin will be adopted by Banks". They are outright differences between both to face critism and hype together. It is quite good and useful if you learn to develop dapps based on blockchain whereas learning about bitcoin doesn't help you much unless you want to become a bitcoin developer.

If you consider Bitcoin and Ethereum, both are different blockchains and has entirely different vision. On top of that, Ethereum cannot even be considered as a currency used for paying goods. If you consider so, that's completely wrong and someone has misguided you for the greater bad on learning the technology.

• Bitcoin works on the basis of Sha-256 and more commonly elliptic curve cryptography and can be considered as a form of money whereas Ethereum doesn't function as a money or does function as a mode of payment for usage of its own decentralized platform for the creation of decentralized applications.
• You can use Bitcoin only as a mode of payment, whereas Ethereum can be considered as a VM working on the basis of Turing Complete mechanism. They can more commonly be used as a programmable personal computer.
• Not all these minimal resources can be considered as a blockchain applications. If you consider IOTA, they have a very different approach towards blockchain and has changed them completely to work on the mathematical principle of Directed Acyclic Graphs. This particular take on technology removes the miners and they the transaction updations are controlled by nodes. Further, the speed of transactions in the IOTA blockchain improves along with its users.

For one to become a blockchain developer or to master the technology reading books based on bitcoin isn't enough or can be considered as a stupidity. You need to master the cryptography, its terms and every aspect of applied cryptography. Unless you doesn't master the cryptography it would be hard to understand blockchain.

Thanks for verifying and replying back. This should solve Artemis3 misconceptions about connections and they should be clear of everything by now.

Finally Solved. 

Yes I have read that many a times even before this was quoted. But isn't @sipa pointing out the incoming connections apart from outgoing connections like for example if the full node is already connected to 50 connections (42+8) and then the user sets -maxconnections= say 45 that would reduce the total incoming connections to the particular node to 37 from the initial 42.

I was once running a full node may be around a year back. During that time, I have seen that my node connected to 8 outbound nodes. While seeing through the debug window, the total connections is given as 8!

Also what does this mean?


Why is .conf file stating that

-maxconnections= Maximum number of inbound+outbound connections?

Carlton Banks, if you are running a full node could you please check and say?

To explain things clearly, i would try to explain in a brief way for what I have understood and read about these maxconnections in .conf file. Since there is a lot of misconceptions surrounding you, I would try to explain from everything I have read so far.
Forgive me if the post is too long.

A node is certainly which just have connection with the bitcoin network. They don't check that transactions are following the consensus rules or what so ever. They are probably used only for holding private keys, broadcasting transactions, viewing transactions etc. They don't connect with other nodes and receive transactions to confirm them. A full node connects to large number of other nodes in the network and try to

[1] Validate that the created blocks are following the consensus
[2] Check for double-spending

These can only be done if you connect yourself to a large number of other nodes, connecting to limited nodes would make you centralized and depend upon certain specific nodes. Full Nodes do have the power of rejecting a transaction from not getting mined if they feel that the transaction doesn't seem to follow the consensus rules. Even the other nodes considered a transaction as valid and a particular node consider them invalid, the transactions are rejected.

The native bitcoin client works similar to downloading a file via torrent software. Your node first initiates the connection to other peers. This connection is called outbound/outgoing connections. Whenever your client starts to connect to other connections, your signal strength which is present on the bottom right corner increases gradually. Your signal strength touches green or becomes full only when your client starts accepting incoming connections which will happen only after your outbound connections reaches the maximum 8.


Yes its true, they are 0 incoming connections as far as i have read the technical documentation present. Your client won't receive incoming connections automatically. You need to manually configure your firewall and open port 8333 to allow others to connect to you. If you are just having 8 connections you are a leecher (in torrenting terms) and you are hurting the network more. You are not seeding anything, which is quite bad.


If you don't receive other's nodes transactions to verify, then what would be the purpose of running a full node? The important aim of running a full node is that it should verify for double spending, if other's don't connect to you for relaying their transaction how does it become a full node?


NO, your understanding is still certainly wrong. They are the sum of both outbound+inbound connections. In the stackexchange post @sipa has said that whatever higher than 8 can be controlled by -maxconnections. That's why he has said you can control incoming connections assuming no one would have outbound connections less than 8.

If you are using maxconnections=4, then you are connecting only to 4 outbound connections which is certainly very bad to the network.



NO, please read the code properly. The code states you cannot increase the outbound connections higher than 8. Whereas if you specify as low as 1 or 2 in maxconnections you will connect to 1 or 2 outbound connections. If you specify 9 or 10 in maxconnections you will connect to 8 outbound and you will allow 1 or 2 inbound based on the input. Try checking yourself by inputting those values and in

Debug > Information

you will see how many incoming and outgoing nodes are connected right now?



NO, it doesn't function as a full node rather they act as a normal bitcoin wallet holding the private keys as you are not verifying any of the other node transactions and just relaying transactions as normal SPV wallets do.

They just function as normal bitcoin wallets.

P.S People assume that just downloading the whole 150+ GB blockchain data will make them a full node. That is certainly wrong and a misconception.Full Nodes are the heart and the working blocks of the bitcoin system which has more power than a miner.

Is this true? Need someone to verify this probably.

Addiction to anything including gambling is dangerous sickness or probably can be considered as a non-curable disease. I have gone through extreme addictions right from internet, movies, technology, news, gambling and have came out of them over the years. I was once a torrenter who would upload and download around 20-30 GB's of data per day which includes movies, games, comics and books. I have bought a server for maintaining those stuffs and the size of my collection ranges somewhere around from 15-20 Tb. I came out of that insane addiction by distancing myself from the online world for more than a 5 months. If you couldn't resist yourself from turning on your PC/mobile, try to give them off to your friends. Addictions and cures would probably be taken care by myself completely and I don't depend upon others during such times. Later on I got addicted to bitcoin and the cryptocurrency technology and I spend somewhere around 5 hours per day reading through the technical documentation and the code.

During the beginning of my crypto addictions, I have been part of gambling addictions. Those lasted for not just a month or so and that was seen to be quite dangerous to me for losing all my money. I distanced myself over the course of months from Gambling and rather would invest the same money in promising alts during the dips.

Could you please be more clear in framing your question? I can't get your point clearly, but based on my understanding you seem to ask how many incoming connections you allow apart from the 8 outgoing connections if you have specified those above mentioned values?

If so,

While you are specifying maxconnections at default, you allow at most 117 incoming connections to connect to you and 8 outgoing connections are by default connected from your node.

While you are specifying maxconnections to 1, your node doesn't function as a full node and I am tired of answering this. You cannot do that/ probably it's useless to run a full node dude if you are having maxconnections set to 1.


Your node would be connected to 8 connections and you allow at most 857 incoming connections to connect to your node. By this way, you would receive transaction information if any of those 857 connections broadcast them and vice versa.

So, if your next question is "How can I increase the 8 outbound connections to a higher limit?"

They are hard-coded in the net.h of the client code.


Change that to whatever higher limit you need and fork out or create a PR in git and see that if it gets accepted by the community. (This has been suggested many a times but those are not to be changed and put even more load on the declining nodes).

States has always been among one of the countries not accepting the online gambling right off for around more than 7-8 years. The acts were made further strict during last month. Gambling sites are quite popular which most of them have its roots from the Nevada and San Fransisco. Online Gambling has become even more quite popular with the integration of blockchain technology with them. These markets not only improve the health of the cryptocurrency market but also act in a more trustless and decentralized way for betting strategies. It is quite true that apart from the usage of bitcoin and other currencies gambling sites have been actively developing their own coins for the purpose of betting in a more easier way. With the complete ban of online casinos and gambling in the States .Anonymous gamblers who have been making a living through this would be forced to find an alternative way. This would make them moving to TOR and VPN services as others pointed out.

No, why would they close their legal operations which might gain much attention in the future? If the illegal gambling sites are being hidden from ISP services naturally the attention for these gamblers would move towards the legal one. If the casino's own crypto coin which is being used as a mode of payment is considered legal, why would the company move to underground? This would rise the price of coin more.

No, it won't have much impact on the price as this might affect only the volume of the coin. People could be using crypto for casinos which will further be converted to fiat if they need using live trading.


If they are set up in USA, they should move onto other countries like Canada, Australia or New Zealand probably.
Probably yes, but we need to wait to see how this evolves over time.

This was a known serious vulnerability in electrum which was warned well before by developers and users on git. Since electrum is a SPV wallet, it relies on other trusted electrum servers while broadcasting transactions. If your transaction is notified by a malicious server run by a hacker it would display a false message to download a new wallet. Upgrading to newer versions of electrum will limit the displaying of such phishing messages but they would be displayed anyway. Anyway versions older than 3.3.3 are more vulnerable to such attacks and would have a high possibility of getting such messages.

Info from git : https://github.com/spesmilo/electrum/issues/4968

If you are a regular cryptocurrency user, you need to keep track of what is happening around you in the technical stuff. Failing that, you will lose your money. Note that, there are electrum forks for Dash and other small coins. Those forked wallet should also be affected. Also if you have downloaded a new upgrade, kindly verify the PGP key of ThomasV to check for original versions of electrum.

Kindly ban newbie Aeny France before they receive their first merit and start making a living through their constructive plagiarism activity by necrobumping dead threads and use text spinning tools to fool bounty managers. Nowadays I assume text spinning tools are being developed in such a way that plagiarists won't get caught. 

Copy :


Archived for reference : http://archive.is/Bww1g

Original :

NO, you are making this more complex! If you just specify maxconnections=1 it wouldn't make any sense at all, what I thought was you were adding just 1 connection apart from the minimum 8 connections. If your node connects to only 1 other node connection it doesn't function as a full node at all and you are doing more bad to the network.

As the above user said, 8 is the maximum outbound connections. Whenever you start your client and it gets synced to blocks, it gets connected to 8 other nodes. I assume this is also the minimum one, as suggested in git, wiki and in this forum. Probably you shouldn't change the maxconnections, since connecting to maximum nodes is considered healthy for the network and would be fair for bitcoin to work in a trustless way.

Other coin wallets based on core such as dogecoin-qt and litecoin-qt wouldn't allow you to connect less than 8 connections. I assume that is the same for bitcoin too.

P.S I am not aware how TOR node functions and edited my previous post for better understanding.

I have misread your earlier post. I thought you were asking about setting up 1 connection higher than the default 8 connections. Note that, you are a full node only if you have at least 8 active connections. Setting that to 1 doesn't make sense actually and the qt wallet wouldn't function as a full node if you are just connected to only one other node. Having 8 or lesser connections is considered bad to the network and you are overloading the bitcoin network unnecessarily in the name of running a node.

Yes that's true, the maxconnections is the sum of outbound connections (which is by default 8 and would probably get connected as soon as your client is ready) and inbound connections. With maxconnections you can control the incoming/inbound connections as the outbound would be fixed to 8 always.

The bitcoin protocol would function similar to downloading a file via torrent. You first connect to other nodes (outbound) and get the information and would seed(inbound) the information for other nodes once you have got that.

If you set maxconnections=9 (8+1) then you are allowing a maximum of only 1 incoming connection to connect to your node. This won't save your RAM memory if you are thinking so. Reducing the incoming connections to 1 would reduce the usage of RAM to just few kb. Setting up the incoming connections to very low is similar to not allowing anyone to download your content even though you are seeding a file after successfully downloading it. As per Gavin's reddit post if you are limiting your incoming connections to a very low value (say 1) you are probably not helping the community by running a full node. Then there is no need for running a full node after all if you are not allowing anyone to connect to you.

Setting up your maxconnections to insane levels like OP is also not a good idea. You are thinking of contributing to the network rather you are destroying your own PC by overloading them. If you really need to connect to more connections then you could manually increase your file descriptors by using the ulimit command.

Possibly this one : https://fittotalk.com/english-talk/index.php?board=48.0
Posting both in English and Pidgin in the same board would become cumbersome if you are discussing about blockchain development in Africa

@JC you can keep a local rule such that  the common English is allowed in the main African board and you could create a child board like "Regional Languages (Africa)" for discussing things in Pidgin,  Afrikaans and other regional African languages? Just my idea.

The world economy is moving on to the digital payments and the usage of cash is diminishing at a large rate. Nowadays even an ordinary shop is receiving payments through credit and debit cards. Truly speaking, it's been more than 3-4 years since I have stopped making payments through cash. The cashless economy would be profitable to banks as all these payments are being made legally through banks and would be easier to track down a person's expenses but they have a larger effect on shops present over the rural parts of the country. Small vendors who make a living in rural parts of the country still find it difficult to accept digital payments.

Apart from this, we are becoming more vulnerable to banks as they might track us easily if the transactions are made through debit and credit cards. To prevent such things, we have a decentralized payment system in the form of cryptocurrencies where banks and governments don't act as a intermidiary and would freeze our funds. All we need is just enough time for crypto to be regulated, volatility to reduce and to act as a competitor to the banking sectors. Scalability is still seen as a factor of disappointment where the Banking sectors is easily superior to crypto payments. More development in the bitcoin technology like LN would pave way for that in the near future.

Banks can be easily categorized as Fraudulent in addition to stealing our privacy and selling those to the governments if they are really in need.

Either way it is a good fee to pass through and get confirmed by the miner soon. An ordinary legacy tx has an average size of about 500 bytes. So with the current fee rate of 3 sats/byte each legacy transaction would cost about

3-6 sats * 500 = 1500-3000 sats or 0.000015-0.00003 BTC/ transaction

unless the tx don't have complex inputs. If the OP's transaction is of native segwit or P2SH then the size would be higher and the fees would be considerably lower than a legacy tx.