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This is a RELATIVE detailed report on at least one of the ukraine donation wallets https://glasschain.org/blog/Bitcoin_Donations_for_UkraineI am personally not donating bitcoin as I am not sure, its going where it should go. But that is really my personal opinion. Same applies for fiat money donations. I helped with giving usefull items and a place (which i believe is the ultimate currency for refugees). |
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Celebrities such as Kate Winslet and Forrest Gump were erroneously cited as testifying the legitimacy of a counterfeit coin in 2019. Bogus mainstream news stories quoting celebrities were used to promote a fake crypto investment platform. Forest Gump? that one made my day  |
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The first thing to mention is that you do not really increase your privacy with individual addresses. This doesn't sound right. If you collect donations on 200 addresses and want to cash them out, you eventually will send out a transaction clustering them. If you have 200 UTXOs from 200 different addresses, you don't have to cluster them all in one transaction. That's why there's coin selection. OP may not want to cash them out all at the same time. Therefore, they can gain a little privacy. On the other hand, if they have 200 UTXOs in 1 address, it won't matter if they coin-select or not as they'll have revealed that all these outputs are owned by the same person from the beginning. Plus, they may not want from their people to know how much money there are donated. If they use 1 address, they're doomed to reveal it. So you have 3 options A fourth option is to use a decentralized exchange such as Bisq. There is not "a bit of privacy". the efforts using various addresses is neglible in his case. Thats all there is. Its not worth spending brain over it. Absolute not important as 99% of his problems are getting money into his account frm abroad that is from crypto sale. And for that, it doesn't matter. I mean it doesn't hurt and yes, maybe it helps a bit but given the overall challenge he has, thats the last he should care. |
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Hi,
I am doing a website project to my new clients. Basically they are a group of atheist individuals from Saudi, Iran and other few Middle East countries.
They want to accept bitcoin donation on website. They demand a system that generates new wallets address every time they accept donation.
Overall, they wanna accept and store bitcoin donations securely and anonymously** online. What is the best solution.
Thanks
I have read a lot of the posts so far and I don't see why so many write here so much without knowing the real problem behind your request. Also they might not understand that being atheist is a problem in the region and that is why being anonymous is important. I have had 3 years experience with Saudi and other governments in the region (in regards to BTC) and therefore can tell you, that I know what I am talking about. The first thing to mention is that you do not really increase your privacy with individual addresses. In my opinion, you can ingore this requirement right away. If you collect donations on 200 addresses and want to cash them out, you eventually will send out a transaction clustering them. if you use coinjoin or other mixing services, you risk your coins being frozen by exchanges. So lets ignore this right away and you can easily use 1 address only for all donations. Here you can see an example of glasschain how they group addresses into wallets: https://glasschain.org/btc/address/bc1qx65xcxz6dfsge2g4eaerercslh83y66wrpm79rThe same would be done for your wallet. Second is that your MAIN problem is to get the money in Saudi Riyals onto a saudi Bank account. As long as you just HODL Bitcoin you are good and nobody knows who is behind that 1 bitcoin address. If you use middle eastern platforms like rain.bh you are screwed. They UPFRONT deliver data to regulators from where they are accessible to all gov. entities as they please. So this is a big nogo. You must restrain yourself from using any service that needs KYC on any entity that is connected to you in the middle east but better even globally. So you have 3 options a) using a non kyc custodial service on telegram (I know there are a few reputable ones in operation since years. They really work and never heard of a scam there!). There you might run into liquidity issues if you want to cash out more than 50k usd in 1 day. b) using a non kyc p2p exchange such as Localcryptos or Vertex. If you sell Bitcoin, the buyer doesn't want to kyc you as he has no risk. However, you must make 100% sure you KYC and verify the person who will send you FIAT as they can very, very easily claim the money back in your region. Also, think of a reason to tell your bank why you got thismoney form YYZ as "selling bitcoin" is not an option. c) using a foreign entity (anywhere far away from the MENA region) and cash out those coins there and then invoice this company out of saudi and get funds However, you won't be finding it very easy to just get a bank account to cash out funds. Therefore for me your best shot is option a). gradually cash out and make sure to use various banks and various bank accounts to receive transactions from the escrow service. Keep funds you don't need cash as USDT and try to pay as much as you can with crypto. Tried to PM you but as I am apparently a newby I can't ;-) |
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The funds have moved to Binance is a bit of a claim. yes, one part of the funds have gone eventually to this wallet https://glasschain.org/btc/wallet/111462198and from there have been moved to binance. However, this wallet was used way before your coins were stolen and much more bitcoin has been moved to binance. It doesn't mean this wallet owner is the thief. It can be that he just sold something to someone and actually in this case, it can be likely as again, this wallet had other coins in it for years. Btw this can be true before for the hopping. Yes it looks like hopping but you just never know. In this case though I would say it was just "hopping". which i still don't understand why users do that? Is there any benefit from hopping? I can't see how this would help to disguise stolen funds. Please someone educate me. |
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I read this article today that talks about the possibility of bitcoin censorship. Post this, I had some fundamental questions regarding how the bitcoin network works. Would appreciate if someone could help me understand this. As per this article: https://tftc.io/martys-bent/issue-1170, If Russians are able to get transactions included in blocks alongside individuals from countries who are still connected to SWIFT, it sort of makes the chord cutting mute. In an attempt to prevent this from happening it is totally possible that the US government and other NATO governments would try to thrust regulations on the mining industry to keep a blacklist of Russian bitcoin addresses at all times and never mine a block with a transaction that is sent from any of those addresses lest they want to be subjected to harsh punishments for violating sanctions. Worse yet, they could even try to force a whitelist of approved addresses tied to the identities of individuals and make it so mining pools are only allowed to interact with those addresses. Questions: - How do transactions get included in a block?
- Are miners responsible for deciding which transactions are included in a block? I thought miners work towards finding the solution for the block.
- If so, the block must be already created ? Who created this block ?
- When I send a bitcoin transaction, does it get sent to a miner ? How does my client (such as electrum) know whom to send the transaction to?
- What other parameters are taken into consideration while including a transaction into a block for eg. Fee? If so, is it possible that Russian bitcoin addresses can give an incredibly large fee to incentivise miners to include the transaction?
- How would the government know that a USA miner would pick up the block which contains a russian address transaction? What if the block is won by someone in Australia? Can Russia mine their own blocks and add to the Bitcoin network?
Apologies if my questions are too basic. If there are reading materials that explain in detail how the Bitcoin network works relating to some of the questions I posted above, I'd appreciate it if you can point me in that direction. This is making not much sense. the only place i can place "russia" towards some addresses is on a specific binance deposit wallet like https://glasschain.org/btc/wallet/73871491this one aparently is for russian clients. BUT ironically, ukranian too. sending Bitcoin around is not a big deal. Cashing it out is. The Sanctions can easily just be inforced on banking level. Russia also is not a little nation. If Bitcoin would be a serious tool to get around sanctions, we talk here hundreds of billions, probably shooting bitcoin over the 1 million dollar per coin mark and staying there. lets not lose ourselves in speculation. |
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I like the view on Glasschain for this purpose. https://glasschain.org/Bitcoin-Footprintcheck out the energy consumption. but then again, its only bad because of the amount of transactions it actually processes. who will pay for it when block rewards get smaller than fees. the output spenders |
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Before reading the replies to the OP my first thought was, Why do we need to know?
Nobody goes around posting what they own here on the forum and I dont know
anyone who has told me what they have in FIAT either.
There is no need to verify what any public listed company owns because being
publically listed they have a duty to publically notify their purchases.
I doubt too someone is disclosing his own wallet(s) but in case of Bitfinex, it would be nice to know who has control. 90k+ coins is a lot...like if they are "lost", seized or still in control of a criminal, would be interesting. but you are right, we don't NEED to know but I asked because I want to know. A free choice |
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This is the downside to crypto. People wanting to find out who has big money to either beg them for some, or try to steal it. I'm not accusing you of this, but it does seem to be a common motivation. I was once told that the only time to look at someone else's plate is to make sure they have enough to eat. So for me personally, I'd rather see people wanting to identify longtime active addresses that are short on funds to try and help them out instead of looking at the richlist to see if they can identify anyone to covet their attention or envy their wealth. Not trying to derail the thread, as you have legitimate questions that someone on this forum could certainly answer. Just wanted to throw a nugget of wisdom out there. I totally understand your view but there is another side to it like if I want to verify someones claims. Like micro strategy or elon musk or any other big media hedge funds. It is fair game to me. |
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The multiple address output there is misleading and never should have been added in the first place.
The multiple addresses mean that it is a multisig so that txout requires some number (defined by the scriptPubKey) of the specified pubkeys to sign the spending transaction. There are no multiple UTXOs nor does the UTXO magically split for the cosigners. It is a single UTXO that requires multiple people to spend it. It's the same thing as a normal multisig in a P2SH or P2WSH, just that the "redeemScript" is in the scriptPubKey of the output, rather than the hash of it.
That is clear to me now. What I don't understand yet is why there is no address in VOUT for a coinbase transaction. I am referring to the getblock rpcapi that is somehow not consistant with getrawtransaction (verbosity 2). The only place where one can see the output "sent" to is in VOUT in the address array correct? is there any other field containing this information? |
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Hi,
While doing some work on a node and playing with the data for a project, I am running into some issues with the multiple addresses in one VOUT of a transaction (addresses array)
It is clear to me (thanks to search function) that this is due to multi-sig transactions and those are the only ones with more than 1 address in 1 output.
How does that work? If a VOUT goes to 2 public keys, are both getting a UTXO to their public key and can spend it or either one of those 2 can spend it?
so if i would like to "follow the money", I would need to track both public keys for further transactions?
If someone could give me some insight, I would be very thankful. Also what if its 4 out of 8 or 2 out of 2. does that make a difference?
Cheers
Joe
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can you do localbitcoins? I'm an active and recurrent member of it.
i have offerings out there but prefer with new users to do Vertex first since they validate PayPal. if its revolut or srkill, we can do LBC. dm me please |
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well it is and works. this or localbitcoins. no other escrow
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you can just buy right away from those links posted. its already in escrow. trying to save time here  |
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Beim PoW v.s. PoS spielt auch der Wunsch mit, ohne einen Finger zu krümmen und ohne richtige IT-Skills aus Geld noch mehr Geld zu machen:
Für PoW Mining braucht es Geld für die Hardware, technisches Know-How und mann muss Zeit investieren, um selber zu minen.
Beim PoS braucht man nur Geld und kann (angeblich) so sein Geld vermehren, ohne Ahnung von IT zu haben und man braucht auch nicht seine wertvolle Lebenszeit mit dem ganzen IT Zeugs zu "verschwenden".
Wenn etwas zu gut klingt, um wahr zu sein, dann sollte man auch die Möglichkeit in Betracht ziehen, dass es nicht wahr ist...
Danke! Es stimmt zwar nicht dass man Skills haben muss um zu minen, die kann man sich auch einfach ziemlich billig einkaufen aber es ist definitiv schwieriger als staking. Außerdem, bin ich der Meinung (persönliche Meinung!) das Staking einfach so was von abscheulich ist im Grundkonzept und sich sowas von nicht mit der Philosophie von Krypto vereinbaren lässt. PoW ist genial! sind an einem Konzept mit PoW und Sharding dran...dauert noch ein paar Monate aber ist vielversprechend und kein ICO haha |
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Habe es mal ausprobiert aber das "instant" war dann doch sehr teuer und nicht so instant  |
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I do economically and technically not see how any price would kill Bitcoin
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