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1061  Other / Politics & Society / Re: Interpol Guidelines to Digital Forensics First Responders on: May 23, 2023, 08:16:48 PM
They would never find my private keys and I’m pretty confident I could stand a good amount of torture to ensure I didn’t give them up too.

A good idea is to keep like 5% of your bitcoin stash somewhere separate to the other 95%. That way if you are ever threatened with arrest, prison time or even a $5 wrench attack (adjusted to $9 wrench due to brrrrr induced money printing) you can give up the smaller stash and keep your big stash.


You have the $5 wrench Wrecking Bar https://www.harborfreight.com/12-in-gooseneck-wrecking-bar-69288.html in which criminals are trying to get your BTC
The 5% / 95% might work for that.

Once you get the police, courts, and so on involved it becomes a different story. In a lot of countries, if they have proof that you have the private keys and are hiding them they may or may not lock you up until you give them over. Or just make your life miserable until you do.

However, they will be watching those addresses that they think belong to you and if those coins ever move you are going to be getting an anal probe from the government that even Paul would appreciate.
https://www.youtube.com/watch?v=EU6gPaQrQrQ

-Dave
1062  Economy / Service Discussion / Re: My shoppy.gg payments are stuck on: May 23, 2023, 04:39:30 PM
I just checked mempool.space and transactions paying less than 8.85 sat/vb are being purged. Most of your unconfirmed transactions pay ~8.95sat/vb,. So, there is a high chance they will be dropped soon.
Not sure if this is a good thing or not as it depends on shoppy.gg's policy regarding canceled transactions! The best thing to do is to contact them and inform them about your case.

Purged is a nebulous term. There are many nodes that never ever purge. Others have the mempool size set very low and are purging at a higher value.
However, nodes that have the default mempool size are probably purging transactions below the 9 sat/vb

Most pools, perhaps all of them, have the mepool set to a very large size.
Because if you do drop the lower value TX then if someone like the OP comes in and does do a CPFP TX with a *massive* fee then that pool would see that TX as invalid and discard it, but a pool that kept a larger mempool would get the TX and and the fee.

-Dave
1063  Bitcoin / Development & Technical Discussion / Re: Lightning Labs just made "Taproot Assets" v0.2 a BRC20 alternative. on: May 23, 2023, 11:32:22 AM
....There's just one problem with this. Lightning adoption needs to be more widespread for this to work, or else the very spammers who are supposed to be using this protocol will never hear about it.

That means more wallets, and more avocation for Lightning Network wallets going forward.

Of course, it is semi-known around here that custodial LN channels are more usable than the non-custodial variants. So if you want to start with the onboarding immediately, you can send these Ordinals users to these kind of Lightning wallets without worry. As judging by their antics, they are probably minting BRC-20 using a custodial Bitcoin wallet anyway.

Actually, most people getting into Ordinals/BRC20 are the same people who got into IEOs, ICOs, and everything else and have NO idea what any of it is. They just know it's te next big thing and have FOMO. So they use whatever wallet / app that the person talking about it on YouTube / Telegram or wherever tells them to.

So in the end they will move to whatever wallet is being talked about by whatever scammer is doing the talking that day.

Kind of like the people that go and buy gold because the commercial on TV told them it was a good investment.

-Dave
1064  Other / Politics & Society / Re: Inetrpol Guidelines to Digital Forensics First Responders on: May 23, 2023, 11:23:38 AM
Looks to me more of a list of standard things to look for when doing a search and seizure.

They were already coming in to get things with a warrant / court order. Makes you wonder if they were loosing cases or not getting what they came for because the people doing the raids were missing things that they should have taken.

In the end however, it is trivial to hide a seed or private key in such a way that you know about it but the police will never ever be able to find it. And if they do, unless they know how to get to it will more then likely destroy it trying to get to it.

However, as we have seen many times here. People are lazy, it's on a piece of paper labeled private key.

-Dave
1065  Bitcoin / Bitcoin Discussion / Re: Mempool issue and suggestion: Better if Mempool was planned differently on: May 23, 2023, 10:58:33 AM
...Do not use a wallet that do not support RBF.

Take it past there to do not use a wallet that does not support RBF *by default* IMO that check box should be checked by default.
And give a warning if it's not.
Not the other way around.

I screwed up the other day, and did not notice that for whatever reason RBF was not checked and set a lower fee non RBF transaction. Not a big deal since I just did a CPFP with the change. But, I tend to make BTC transactions a few times a week and would like to think that I know what I am doing.

If I can screw that up, then anyone can.

-Dave
1066  Bitcoin / Legal / Re: Mississippi & Missouri lawmakers propose laws protecting bitcoin mining on: May 22, 2023, 12:26:52 PM
The problem is, and continues to be that at least for now the states who are making these laws have average power rates AND not of other high tech businesses that may attract mining. Even now the Pacific NW with it's cheap hydro, if the local power company hit miners with a 30% surcharge would still be cheaper then most of the industrial power rates in Missouri.

Add to that, as Texas has proved, you can make it hostile to miners in a second if you want to:
https://beincrypto.com/texas-lawmakers-pass-bill-limiting-bitcoin-mining/
So if you move your mining operation to a state for reason A that's great, just make sure to check B though Z to be sure you are not going to get screwed someplace else.

-Dave
1067  Bitcoin / Wallet software / Re: Coinomi wallet hacked, all funds stolen on: May 22, 2023, 11:25:58 AM
The recent shitshow with Ledger is the reason why I have always called hardware wallets in general "semi-cold storage" not "cold storage". The only true cold storage is a device that has absolutely not connection to the outside world.

Drifting away from the original topic but..

You can do that with the ColdCard it supports PSBT   https://coldcard.com/docs/faq
There are others that may too. The device never has to see the internet you are just moving an SD card between an online machine and the device.

Personally I think it's more time consuming then it's worth but it does work well.

-Dave
1068  Bitcoin / Development & Technical Discussion / Re: Mempool.Space accelerator service on: May 22, 2023, 11:17:06 AM
.....Foundry is closed circuit, not a public one so I'm pretty sure they agreed on this take because the money would anyhow get split between a dozen individuals at most.

For the normal users wanting to "accelerate" a tx it's still garbage, you still pay 3x-5x more than you could have paid to get you tx confirmed normally, so almost worthless unless you have somebody sending you $100 000 with 1sat/b.


Probably more then a dozen people but your point is still valid.

But, as of now you really do not have that many choices for acceleration.
Adding another us good. Because if Foundry does it and ViaBTC is doing it possibly F2Pool will start, and undercut them a bit in price, then maybe Braiins decides to get in on it and drops their price a bit more and so on.

Competition is good, it forces people to innovate and keeps prices down.

The issue of $100000 at 1sat/b or any single larger TX comes back to being able to do a CPFP if you know what you are doing, and control the address, and you are the only receiver of the TX then you can always do it that way. (yes you can do it if more then 1 person is receiving funds but the CPFP is now subsidizing others)

-Dave
1069  Bitcoin / Electrum / Re: Electrum Lightning problem, fee rant! on: May 21, 2023, 06:04:44 PM
...Let's face it: Bitcoin can't scale on-chain, but LN can't be used to create many channels on-chain either. So for mass adoption, LN has to be largely custodial.
why do you say that?
Because it's not even possible to have just a million people make one daily on-chain Bitcoin transaction each.

Quote
For a while I was opening a channel every week or so. Yes I use my own HW & node so it's a bit different.
For mass adoption, I'm thinking about at least hundreds of millions of users who each make daily LN-transactions. That's possible, but not if they all have to open their own channel first.

I was thinking of a slightly different scenario. You with your own money have to open up your own channel(s) that you control.

The difference is there are going to be, for lack of better wording, super hubs. Almost like we have now in the LN just places that for whatever reason have massive connections to them with massive amounts of money in them.

This would be where most people open their channels to. Not the DaveF or LoyceV nodes but bitrefill, walletofsatoshi and so on. So you don't have to think, you know they have the routes.

But, we should probably move this discussion elsewhere if we are going to peruse it, since this is the Electrum section....

-Dave
1070  Bitcoin / Bitcoin Discussion / Re: Ledger Confirmed That Government Can Get Access To Your Fund on: May 21, 2023, 04:53:52 PM
And....it's not like anyone did not think that once you upload your seed to a someplace else that the government could not get to it.

Let's also be honest here, if the government shows up at your house with a court order / search warrant unless you want to spend some time in jail or have the finances to fight them it's not like you are not going to give up the same information. We would all like to say that there is no way we would give it up, but lets be hones with ourselves. There are very few people here that would spend tons of money and risk jail just not to give up some information.

* Unless you were committing other crimes and wanted to hid it.
** It's still a really crap idea to give up your private keys to ANYPLACE else
***Ledger has had so many issues in the past that it's probably worse to give them your keys then some other people.

-Dave
1071  Other / Meta / Re: Forum Menbership- 3.5m registered only 56k members survived?..... Why? on: May 21, 2023, 03:46:27 PM
I am going to have to go with more places to get info and for lack of better terms more 'specific' info.

Bringing it into the car world. There are a lot of Honda forums / places to talk about Honda cars in general. There are a lot fewer Honda Accord forums. There is only 1 that I know of and it's invite only for later model (9th, 10th, 11th) gen Accord Hybrids.

This is a very general forum, so we have a lot of users registered who came and went. Had an issue, got it resolved and never came back. Same as the car forums.
The people who stayed may also be on the late model Accord Hybrid forums. Same as here, I am on a couple of more hardware (non mining) tech discussions. But we don't really talk about everything else that we do here. Even a post like this would be purged. So the people who are here want to be here. The people looking to talk about a specific programming thing in core or some alt coin or some other thing might come here and stay, or they might come and then wind up on a much more detailed discussion.


Another question, is how the number of  users (active / registered  banned / etc) here compares to another forum.

-Dave
1072  Economy / Exchanges / Re: Effects of Binance Changing Wallet Addresses on: May 21, 2023, 03:07:57 PM
It's 100% a profit center for Binance. As we all know and has been said here, you can always send to those addresses. You will just not get credited. So Binance gets to keep the money. If you want it back they will probably charge you so they make money.

Just wait for the flood of posts about how someone had the addresses saved or gave someone an old address and Binance is not giving them their funds.

How many posts and for how long and what will their response be? I don't know. But what I am 100% sure of it will be good for them and bad for their customers.

-Dave
1073  Bitcoin / Development & Technical Discussion / Re: What happens if top 3 pools selectively accept/deny transactions? on: May 21, 2023, 03:00:12 PM
1) A lot of people would stop mining at those pools. It would just kill the financial logic behind mining. If you are not accepting all transactions, you never know when you will miss out on a large fee transaction. And some people would leave because it violates the uncensored nature of bitcoin.

2) Even if it was more then the largest pools, ones that accepted all transactions would still be out there, and they would start to make more money in fees and more people would mine there and they would become larger blunting the effect even more.

3) The programming and logic behind it would probably be beyond difficult. How would you handle a CPFP if the parent is not part of the group. And 1000s of other little things.

-Dave
1074  Bitcoin / Bitcoin Discussion / Re: Can personality trait or ones DNA sequence determine ones success in Bitcoin? on: May 21, 2023, 03:16:44 AM
It does kind of come back to the entire nature versus nurture discussion. How much of your personality and the way you are in life is based on genetics versus the way you were raised. Obviously if you have the genetic tendencies to be more aggressive you will probably be more aggressive in your investing and possibly more successful with trading cryptocurrencies. However that is a tenuous link at best. Whitby an interesting bit of research to see whether or not people who are more "scientific and math based" would do better with crypto versus regular currency trading.

I don't know if anybody has ever looked into it.

The other problem would be as with many things with doing research like this, it's going to be a small group and tough to get reliable data from people.

-Dave
1075  Other / Off-topic / Re: Is it about morality or productivity in choosing to work from Home on: May 20, 2023, 06:00:00 PM
It's such a generalization as to be pointless. Every office job is going to be a bit different. So work from home may or may not matter.
Case in point, I have a friend who is an insurance adjuster. He had a cube farm to go to if he wanted to, but was almost never there. Covid hit, they shutdown the cube farm and everyone worked from home. But since 75% of his job was field work anyway. And a lot of time he went home at did the claims processing from his couch. It made no difference to him.

Now they want everyone in the office at least 1 day a week. He told them to stick it. He was not in the office 1 day a week BEFORE covid. It was just a power play from management.

Know someone else who does mortgage paperwork, she tried to explain it to me and I really wanted to ask if she was serious about the processes she had to follow But most of the time she was waiting for people to email / fax her documents. Since it was all email / efax anyway the office was just a place to go. She frequently went in 1st thing in the morning took care of what had come in overnight was was out of there in less then 2 hours. From then on so long as she kept an eye on her email she was doing whatever she wanted to do all day. Fast forward to covid and working from home and her company actually put tracking software on her laptop to see what she was doing. Yeah, that did not go well. But, she was still one of the more productive people at that company even though to the outside observer she spent an very large amount of time screwing around.

So no it's not about productivity at all. It's about people with small fragile egos wanting to lord it over their workers, and you can't do that if workers are not around.

More and more places are finding working from home gets better results from workers for less money.

-Dave
1076  Bitcoin / Bitcoin Discussion / Re: More apps for LN on: May 20, 2023, 05:29:51 PM
Acceptance 1st, other things later.
As more people / businesses accept LN more people will want to design things around it. Otherwise people will find other things to integrate with.
If I know that there are tons more places to spend LN then I would be more inclined to have it as an option. As of now there are a lot, but more is better. You need to get to that tipping point where it's everywhere. Then programmers will just start to integrate it into apps by default.

-Dave
1077  Bitcoin / Electrum / Re: Electrum Lightning problem, fee rant! on: May 20, 2023, 03:11:38 PM
...Let's face it: Bitcoin can't scale on-chain, but LN can't be used to create many channels on-chain either. So for mass adoption, LN has to be largely custodial.

This is a bit OT from the OP, but why do you say that? For a while I was opening a channel every week or so. Yes I use my own HW & node so it's a bit different.
Even with the current fee spike if it was not for other external reasons [100% unrelated to crypto / money / fees or anything else] I still would be doing it.

-Dave

1078  Economy / Service Discussion / Re: My shoppy.gg payments are stuck on: May 20, 2023, 02:21:18 PM
Is there any idea how long I need to wait to complete these transactions?
As of now, if things stay the same the answer is sadly days to weeks.
There has not been a 8 or 9 sat / vb transaction that was not either put through an accelerator or had a large CPFP fee.
I know it's frustrating Sad

Have you contacted shoppy.gg support and yelled? Probably will not accomplish much but at this point in time no service should be sending TX out with fees that low.

Do you control the private keys to the 1HbnW4MoCMCFQE26GGmPF5qc18i1ue5Bny address? If you do just use coin control select those TX and send them to another address you control with a high fee. The problem is do you really want to spend $9.00 to get $27 and since it's the same low fee everywhere you would have to spend the same $9 to get the $18 payment. 

-Dave

1079  Bitcoin / Development & Technical Discussion / Re: Mempool.Space accelerator service on: May 20, 2023, 02:09:23 PM
Look at it this way in the past, I don't know if they still do, several pools would only transmit their payouts to miners at 1 sat / vb.
If another pool picked it up, fine. If not it was mined in that pools next block since they gave it priority for themselves.

ViaBTC / Coinex are another pair that could and may do this. Since they are so closely tied together. Withdraw from Coinex they send with a low fee, if it gets picked up and mined by another pool fine. If not, it goes out in Via's next block.

And so on.

Take everything else out of it, if I had a pool and enough hash I could with a bit of tweaking only mine tx that start at 1 sat /vb and go up from there instead of the way most pools do it now with the higher fees done 1st.

Would not make financial logic but it does work.

Also, cannot speak to how it works, but in the past it was the general consensus of users that when pools took BTC on the side to put low fee tx in to the blocks that money want to the pool operators NOT the miners. The miners got the block and the tx fees the side fees did not.

-Dave
1080  Bitcoin / Bitcoin Discussion / Re: Why so many mixers all of a sudden? on: May 19, 2023, 09:55:12 PM
Probably a bit of a few things

1) CM is gone and other ones that were small / under used are now being used & promoted more. It was tough to fight CM
2) CM is gone and people who were thinking about setting one up decided to see if they could make a go at it
3) Privacy is being discussed more and more so more people are looking for mixers
4) Some are probably 'white label' mixers [ https://en.wikipedia.org/wiki/White-label_product ] so spinning one up was not much work.
5) Other?

Could be other reasons too but I would think those 4 are the big ones.

-Dave
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