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April 30, 2024, 08:52:13 PM *
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1521  Bitcoin / Electrum / Re: How do i send USD figure instead of bitcoin figure ? on: April 21, 2021, 11:43:02 AM
Modifying the CSV is unfortunately your only option. Using specific spreadsheet shortcuts to calculate the value to pay to each user and it would be fairly quick as well.

Electrum checks and treats the value after the comma in BTC and isn't linked to the fiat conversion. Perhaps make an issue on Github as a feature enhancement?
1522  Bitcoin / Hardware wallets / Re: Do you recommend passpharse for Trezor One? on: April 21, 2021, 07:00:54 AM
I have ready about this before, I did not know the exact trezor type, but what I read about it was that because trezor is open source is the reason for the seed phrase extraction if stolen.
While security by obscurity is something that most secure element manufacturers uses, it doesn't apply in this case. The vulnerability is an inherent weakness in the chip and IIRC, the chip itself is closed source.

SD card encryption only works if you're able to isolate them from one another. If the attacker can get both your SD card and your Trezor, then there'll be no point.
1523  Bitcoin / Electrum / Re: How will Taproot affect Multi-sig Ledger Wallets? on: April 21, 2021, 01:42:06 AM
If I set up my new wallet on my Ledger to use the existing multi-sig configuration, what will I need to do to be able to get the efficiency and privacy benefits of Taproot when these features become available.

Will I need to recreate the wallet?
Yes. You need to use Taproot addresses to be able to reap the benefits. The hardware wallet has to support Schnorr rsignature as the signing is done on the hardware wallet itself. I haven't heard about any developments on this though.
Is there an estimate of when Multisig2 support will be available in Electrum?
Nope. Taproot activation is still quite far away on mainnet.
1524  Bitcoin / Electrum / Re: How do I double spend using electrum for fix unconfirmed transaction? on: April 20, 2021, 10:38:29 PM
There is actually a way. It would work only if the nodes have already purged your transaction from their mempool.

Import your Blockchain.com wallet into Electrum, the one containing the transaction for your 10sat/byte transaction. Check if your transaction has a computer symbol on the left, right click and press Remove. Your transactions should be removed from the wallet and you can resend your transaction.

The current minimum fee to enter the mempool is higher than the fee rates of your first transaction and that should result in most nodes purging your transaction.
1525  Bitcoin / Electrum / Re: Cant send all my BTC with electrum Androïd on: April 20, 2021, 04:28:27 PM
I believe this is a fee issue. Take a look at these calculations:


Edit: The solution would be to pay those fees, or wait a few days until the mempool gets back to normal...

Hmm I'm wrong then. Fees were much lower when I last checked.

Electrum removed the TX fees settings from their settings and I haven't gotten the chance to test it out yet. I believe they moved it from the settings for it to be promoted to the user when creating a transaction.
1526  Bitcoin / Electrum / Re: Cant send all my BTC with electrum Androïd on: April 20, 2021, 04:10:41 PM
What kind of wallet are you using? Is it a normal wallet or is it a 2FA wallet with TrustedCoin?

I'm ruling out the fees as the issue, the transaction fees shouldn't be that high and the dialog is displayed when the user initiates a transaction (IIRC).
1527  Bitcoin / Bitcoin Technical Support / Re: how to generate new type of addresses on: April 20, 2021, 11:31:15 AM
I don't see any reason for using old style addresses especially when fees are high like they are currently, and bech32 are best for saving fees.
Probably compatibility. Wallets like Blockchain.com or several other services do not recognize bech32 addresses. If you want to switch to a bech32 wallet, you'll need a non-bech32 address first.
1528  Bitcoin / Bitcoin Technical Support / Re: Can Bitcoin be hacked? Has it ever been hacked? on: April 20, 2021, 11:29:26 AM
Hmm, why bother structuring your topic as a question when you could've just made your statement as the OP Huh

Calculation for the quantum computer is off by a couple of billion of qubits, estimates puts it at about ~1200 I think. I'm almost certain that your math and assertions are not correct. Perhaps try to show us a working example instead?
1529  Bitcoin / Bitcoin Technical Support / Re: how to generate new type of addresses on: April 19, 2021, 11:47:30 PM
What wallet are you using?

The process will be different for all the wallets. Generally for any wallet other than Electrum, seed types are interchangable and is only dependent on how the wallet treats the seeds.
1530  Bitcoin / Bitcoin Discussion / Re: Can bitcoin last till infinity on: April 19, 2021, 10:39:13 PM
Don't think government can really stop Bitcoin even if they want to. The lack of a central authority makes it very difficult to cripple the system and any attempts would involve censorship of their internet.

Bitcoin can probably last for a long time, the branding that is. Bitcoin in a few years would look very different from the version that we have today. Allowing it to evolve continually gives it a chance to survive against any threats.
1531  Bitcoin / Electrum / Re: Unconfirmed Parent On Transaction on: April 19, 2021, 04:01:47 PM
Any subsequent transactions spending from that or a derivative of that will not be confirmed until all of the transactions in that chain has confirmed.

IMO, it is not worth to create a CPFP for this; you'll be paying for 4 transactions worth of fees. Since it is sent from the service, the responsibility of the fees lies on them and not you. 102 sat/vbyte is decent, just that it has spiked recently. It shouldn't take too long to confirm.
1532  Bitcoin / Bitcoin Discussion / Re: bitcoin problems that need to be solved on: April 19, 2021, 03:11:04 AM
That's why say virgin blocks mined in China, have more value than btc that's been tumbled online, virgin addresses never used private-keys are more valuable.
The latter is not true. As for the former, people won't buy Bitcoins that are taint free, that is just impractical. If exchanges cannot accept that the coins that they have will have some degree of taint, then they wouldn't be able to operate at all.

The problem here is the exchanges, so all 'mixed' coins are now tainted and un-usable; The solution here is to use lots of different exchanges worldwide, and find one that will except your tainted btc's, but I'm assuming most likely that if your btc comes from exchange 'russia', that coinbase will also call that tainted.

People like to deny problems, but the problem is the exchanges, and they're all being policed.
Has there been any exchanges that blocked your deposit specifically because of taint arising from it being mixed with tainted coins? All that I know is that they do not accept mixers or coins directly from restricted activities; gambling sites for example.

Another problem is depositing, I noticed the other day that transferwise will not send your money to bitstamp, I mean hell, its your money. So not only do the exchanges not accept your btc, but 'banks' will not let you buy clean btc from exchanges, so what's a mother to do?
That is a problem with your service, not with Bitcoin. You should probably talk to them about it.
Lot's of people use coinjoin ( modern replacement for banned mixing ), to combine change, but if the exchanges flag an address that's every been mixed then your btc is rejected, so then you go back to localbitcoins, and find a guy who pay's you 50% on the BTC, the new may or not be clean.
Exchanges flags coins that comes directly from a mixer but they do not specifically check for any degree of taint. Coins from an exchange is not exactly taint free either, Localbitcoins functions on a similar way like an exchange with their deposit/withdrawal system. I'm not sure how people get so much discount on LocalBitcoins, I've never seen it before unless they're outright scamming.

Look, if the concept of taint bothers you that much, then Bitcoin is probably not for you. I'll repeat this again; Taint does not exist on a protocol level. If you're supporting businesses that classifies any sort of privacy preserving activities as something that is against their ToS, then you probably would want to avoid them; they will probably collect more information about you. Most of the Bitcoins today are tainted, refusing to accept any taint Bitcoin will net you no business at all and your competitors would surely thank you for giving them your customers.
1533  Bitcoin / Electrum / Re: Transaction Invalid on: April 19, 2021, 02:55:03 AM
FWIW, that is the warning which Blockchain.com displays when any transaction has been purged from their explorer. It is wildly misleading as more often than not, there isn't any conflicting transactions of that sort. This has been going on for quite a while, do try to avoid using their block explorer.
1534  Bitcoin / Bitcoin Technical Support / Re: Can Bitcoin be hacked? Has it ever been hacked? on: April 19, 2021, 02:51:51 AM
Is it true that people can get private keys from public keys?
No, the complexity of something like this is too high. With a quantum computer, you can lower the difficulty sufficiently with Shor's Algorithm. Problem being that currently none of the quantum computers are anywhere near the required qubit.
That people can randomly generate privates keys and match the generated addresses to valuable addresses?
Yes. They probably wouldn't be able to find one though. The key space is way too big and the probability of getting another address which has already been used before is astronomically low.
1535  Bitcoin / Bitcoin Technical Support / Re: Bech32 question on: April 18, 2021, 10:56:00 AM
I tried to find this address in my Bitcoin core both sending and receiving address but failed. Is it normal? Should I stop worrying and just continue using my Bitcoin core wallet?
It is not shown in the UI to prevent confusion.

Go to Window>Console and type in these (omit the first if it is not encrypted with a password):

walletpassphrase ....

Code:
listaddressgroupings

You should see your change address along with the receiving address.

*Clarified below: Makes sense since addresses are visible without any decryption.
1536  Bitcoin / Bitcoin Technical Support / Re: Bech32 question on: April 18, 2021, 10:47:31 AM
It is probably your change address.

Since Bitcoin UTXOs are spent completely, the remainder after the recipient amount is assumed to be used as fees. As a result, the wallet has to send the funds or the change to the new address within your wallet. As long as the amount from your transaction is -(0.001 + fees) then you are fine. The change addresses are not shown in Core (IIRC) to avoid confusing the users.
1537  Bitcoin / Bitcoin Discussion / Re: What's the network plan in case of a 51% attack? on: April 18, 2021, 10:39:52 AM
Government state can print unlimited amount of money. Beside, what if they don't even have to purchase the ASICs? They can just confiscated the mining equipment from miners (very plausible in authoritarian states like Russia or China where government has lots of power).
Unlike what people think, governments cannot print money at will. There are severe repercussions when a government prints money at above normal rates, which actually could result in a failure of the economic systems.

Governments, at least as of now still rakes a significant portion of money through cryptomining by the employment, taxes, ASICs manufacturers, etc. There is just simply no incentives for them to kill of the whole industry; an attack like this happens once. After that, the attack gets exponentially harder to reap any benefits and another Bitcoin with a different algorithm springs out. You have just wasted all your ASICs and your electricity and crypto survives.
In PoS it's actually exponentially more expensive to sustain an attack as the stake of the attacker is destroyed. They would have to keep buying coin from a decreasing supply at an increasing price, which would tend to infinity.
In PoS, you are not exchanging anything. PoW functions on the premise that some form of resources is being used up in exchange for getting a block. If those who holds a greater "stake" are permanently at an advantage, then why wouldn't the network be worse off? What would be the deterrent if the government manages enough resources to seize/purchase enough funds?
1538  Bitcoin / Bitcoin Technical Support / Re: Stuck Transaction Chain on: April 18, 2021, 10:16:45 AM
so i have one more tx left to add in the chain , once the mempool goes below 300 mb.
Yup. Though for your use case, would probably not be recommended.

After seeing the state of the mempool, and the fact the other recipient has been getting irritated, i am considering to consolidate all of them into a single tx.


I am terrified to do it, as i feel i will do something wrong, but if you all are able to guide me, i might just as well go ahead and do it. So i am all ears, as to how to abandon all the past 24 transfers and create a new one without messing up all the btc. While i wait, i am going to make the list of recipients and amount.
Go to the transaction tab in Bitcoin Core and starting from the latest transaction, right click it and click on abandon transaction. Do so for all of the transactions till the first parent transaction. The function merely marks the transaction as abandoned so it'll be spendable again. It does not cause any changes in the network, for your case. After which, you should be able to spend the funds again.
1539  Bitcoin / Bitcoin Technical Support / Re: Stuck Transaction Chain on: April 18, 2021, 12:58:18 AM
All your unconfirmed transactions are paying 1 sat/vbyte. With the current network condition, I am surprised they haven't been evicted from the mempool already!
It looks like bitcoin core keeps rebroadcasting them to the network.

Since those transactions are unlikely to confirm any time soon and you can't accelerate them (neither with rbf not with cpfp), your best option is to figure out a way to stop core from rebroadcasting them and just wait for the network to forget about them.
They are, I don't see any of the transactions in my node. The blockexplorers are not indicative of the default client's behavior. Bitcoin Core cannot rebroadcast it because the nodes are not accepting it.

Abandon transaction would do what you describe but if OP wants to preserve all of them then this won't be an option.
1540  Bitcoin / Hardware wallets / Re: Do you recommend passpharse for Trezor One? on: April 18, 2021, 12:20:46 AM
Please, never mind this, I do not get your point here. The encrypted passphrase should be BIP38 right? Which is also even called password, correct me if wrong. But, the hierarchical deterministic wallet only follow the BIP39 passphrase standard which is generated through salting in which making seed phrase to generate another keys and addresses entirely, this are the passphrase which make use of extra words, and it is what is supported by Trezor. BIP38 is used for wallets like paper wallet, not hierarchical deterministic wallets.
It doesn't have to. BIP38 is just another way to conveniently encrypt things but they do have a version byte identifier. Advantage of BIP38 is that the identifier allows you to see that it is a BIP38 encrypted key and probably an encrypted private key. The encryption used for BIP38 can be used anywhere and it is.

You will need to operate your wallet in a safe environment, making your computer to be completely safe from malware.
Not needed. If you have to do so, then there is probably no point for a hardware wallet.
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