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1581  Bitcoin / Bitcoin Technical Support / Re: Should I Run a Node? on: April 13, 2021, 03:27:09 PM
Yes, that is correct.
The only benefit of running a full node is for privacy reasons.

As you are not requesting to other nodes the balance of your addresses, nobody can link those addresses together by your requests only.

your privacy would be safer as you are requesting the balance of all addresses.
You're not requesting everything. You'll be asking for the entire blockchain and thereby validating it yourself and thus not having to trust anyone; SPV clients trusts their peers are feeding them accurate information. It is unlikely that it would be an attack vector for OP though, I don't think SPV clients are inherently unsafe or anything to that degree. Having a full node is definitely not only for privacy but also for your own security as well.


Did you import the PGP key of ThomasV? Did you download the correct signature file?
1582  Other / Beginners & Help / Re: [Beginner Guide] How to Create message on blockchain. on: April 13, 2021, 12:56:51 PM
why it is start with j before your message?
Try parsing it with ASCII and you should be able to see the message decodes correctly.
What is the maximum length of message?
80 bytes, but I think there is a few bytes of overhead.
I thought that the only way was to send to an address containing the message, but the private key could not be obtained from it, such as 1thisismybtcaddresssendittome
No. That isn't a very smart way of encoding messages, though it has been done using a similar method but not with an address that would be obvious to the eye. It'll be inefficient and creates unnecessary UTXOs though.
1583  Bitcoin / Bitcoin Discussion / Re: How will Quantum computing affect Bitcoin? on: April 13, 2021, 11:26:42 AM
vulnerable??
its been 12 years where an address has exposed its publickey a few times
there is 18coins $1.08mill up for grabs... but so far no one has managed to take it

https://www.blockchain.com/btc/address/12cbQLTFMXRnSzktFkuoG3eHoMeFtpTu3S

seems secure to me
A better example would be the million Bitcoins that Satoshi has (presumably) mined and never moved.

It is secure, for now. If you can get to a sufficient qubit, you would reduce the complexity of the operations to 128^3. It'll be secure if quantum computing doesn't get any more advanced, but that simply won't be the case.
1584  Bitcoin / Electrum / Re: transfer fee rate how much ? on: April 13, 2021, 11:19:29 AM
With Electrum I usually go by what the mempool indicates, though with this last transaction I didn't.  I think that's generally your safest bet if you want a fast confirmation, and I'd probably even add a few sats/byte to whatever the suggested fee is just in case.
While a mempool estimate can be used as a reasonably accurate estimate most of the time, the mempool will appear to be fairly uncongested usually after a block and it would slowly start to accumulate again. It happened a few days ago when consecutively blocks were mined and the mempool diminished quite a bit before slowly going back to its usual levels. If you're not in a hurry or if you understand the caveats of relying solely on that, then mempool estimate is better than ETAs as it is far more conservative.
1585  Bitcoin / Bitcoin Discussion / Re: Bitcoin is private and decentralized, ok but what if someone dies? on: April 12, 2021, 10:40:41 PM
That's where Multisig comes in. You can try making a 3-of-4 Multisig and give two of your children one of the keys each and a lawyer the other, making a total of 3. You can include it in your will so they'll be able to spend if after your death.

An automated system to automatically do so is insecure by nature and would be difficult to implement in the first place. Using Multisig for something like this would be simpler.
1586  Bitcoin / Wallet software / Re: Mycellium vs CoinBase?Whats the difference? on: April 12, 2021, 03:30:41 PM
For my better understanding, electrum mobile wallet does not support hardware wallets? But it can also be imported into another wallet why didn't it support a hardware wallet?
I'm asking this question cause I have never used a hardware wallet and I don't know how it works but I understand electrum wallet.
You need an interface for communication between Electrum on Android and your hardware wallet it is not as straightforward as porting it from Windows to Android. Most of the hardware wallets uses USB and you'll have to use the phone's USB C port for communication which could be difficult.
1587  Other / Beginners & Help / Re: [Beginner Guide] How to Create message on blockchain. on: April 12, 2021, 01:04:16 PM
How can I found the IP address in explorer?, Is there any script to do that?
No. I was talking about the Electrum servers.

Your client sends the list of addresses in your wallet to the server that you're connected to and thus links that group of addresses to each other as well as to a specific IP address. Regardless, it doesn't have to be done in Electrum as well, Bitcoin Core would be fine too.
1588  Bitcoin / Wallet software / Re: Mycellium vs CoinBase?Whats the difference? on: April 12, 2021, 05:52:24 AM
There are two different apps - Coinbase (exchange) and Coinbase Wallet. The last one is Coinbase Wallet is a non-custodial product. So it doesn't keep any users data.
Yeah I found it.

The privacy policy seems to indicate that they are able and will store certain personal identifiable information. While they *probably* won't have access to your private keys, you cannot assume that they are not actively tracking their users as well. Their privacy policy allows them to collect certain information and also share them to law enforcement if necessary.
1589  Bitcoin / Bitcoin Technical Support / Re: fake btc transaction on: April 11, 2021, 11:14:28 PM
The inputs for that transaction was spent in 4b483d81bcfadc62278fb456d7ead952639b052075cde3c156ee5314d4e039f8 to a different address. It is possible to create different transactions that spends the same inputs but are spending to different addresses. As it is confirmed, the transaction that you have referenced is now invalid.

UTXOs cannot be spent twice, in the event of two competing transaction, the transaction which confirms first wins and the the other will be invalid.
1590  Bitcoin / Bitcoin Technical Support / Re: Full Bitcoin Node Costs on: April 11, 2021, 10:16:47 PM
Hi! Sorry to hijack the thread here. I'm trying to figure out if its worth upgrading an old iMac (mid-2009) to run a full node on. Or if I should buy something to use as a dedicated node. We have unlimited download/upload 1GB fioptics. .
Bitcoin Core requires OSX 10.12 and above. If you're able to upgrade to that version, you're fine though the synchronization process would be very slow.

I wouldn't buy a dedicated node for this, you'll probably be trying to run a node to help the network instead of using it as a wallet and they are still not that powerful. If you're able to get a new computer, it'll work just fine.
1591  Other / Beginners & Help / Re: [Beginner Guide] How to Create message on blockchain. on: April 11, 2021, 12:07:19 PM
If you have someone to send some message that you don't want others to see, this could be useful. especially today where social media are able to see your personal information if you press allow when they asked you. This can be used for sure especially if the one who will gonna receive the message already knows how to use electrum.
Opposite of what you are saying. If you're using this, then everyone will be able to see whatever you've included as a message in the transaction.
1592  Bitcoin / Bitcoin Discussion / Re: How does a bitcoin look like? on: April 11, 2021, 11:16:12 AM
You'll probably see a whole lot of Accepts but those are merely hashes which meets the predefined difficulty that is dictated by the client. If you're mining with a pool, having a hash above the current difficulty won't net you the whole block rewards but would be proportional to your contributions to the pool.

The current difficulty is at 23,137,439,666,472 so you'll need to find something at that difficulty for it to be a potentially valid block. If it is anything less than that, you'll be awarded proportionally by the pool or if you're solo mining, net you nothing.
1593  Other / Beginners & Help / Re: [Beginner Guide] How to Create message on blockchain. on: April 11, 2021, 10:38:58 AM
haven't installed Tor on my PC it might not to connect?
Tor will prevent people from linking the group of addresses to your IP but it will not disassociate the addresses from each other. Tor is not a solution for privacy with Electrum. If you want privacy, don't use Electrum.

pardon me to waste the space of blockchain. I was just curious to try it on the real blockchain. cause I had tried on testnet before.
https://www.blockchain.com/btc-testnet/tx/e17d2c21edcdfefc1f5887241a857d40abce914946ddb416d91cbddde22485c7
idk I always receive an error message when tried broadcasting that op_return in a real blockchain.
OP_Return on mainnet has a restriction of 80 bytes but the standardness rules on Testnet are disabled so your transaction will still be standard if it exceeds that limit. Reduce the message size if you want to send it on mainnet. I second the sentiment, OP_return encourages blockchain spam and is expensive as well.
1594  Economy / Scam Accusations / Re: Apkpure official app breached with trojan on: April 11, 2021, 10:35:12 AM
Google Play encourages phishing, they don't actively check for those apps but only does malware detection. Android does run each apps in their individual sandbox so it will limit the spillover effect quite a bit though I'm sure certain zero day exploits can bypass this. Google Play apps can still evade malware detection and it has happened before. If anything SolarWinds or CCleaner has taught us, even the more popular and well known apps can still be compromised.
1595  Bitcoin / Mining / Re: are there any benefits to mining, without generating bitcoin? on: April 11, 2021, 04:03:34 AM
Quote from: mikeywith link=topic=5329732.msg56756035#msg56756035
I have to disagree, most miners today can't statistically find a block for the duration of their lifespan and decades beyond, many many people run small 1 terahash and lower USB miners, those add up together and make the blockchain more secured and they improve the resilience of the network.
Yep, you've got a point but that would be contributing marginally, even a smaller percentage when you're talking about the individuals. A single S9 would be worth 100s of those USB miners. Statistically speaking, most of the solo mining pools barely gets a block in a few months (I think CKPool only got a few blocks last year?). A single person cannot make that much difference, which is why I said it's negligible.

I think most people solo mine purely as a lottery for profits, there are much better ways if you want to actively contribute to Bitcoin.
1596  Bitcoin / Bitcoin Discussion / Re: bitcoin problems that need to be solved on: April 10, 2021, 04:40:28 PM
Satoshi specifically mentioned Privacy as part of how Bitcoin works, and I personally think this part of his project has been left behind for many, many years. Sure, we have Tor, but Tor has its own flaws and, worse than anything, it's prone to so many user-made mistakes that basically cancel the entire attempt to improve privacy through BTC.

We're talking about a project that obviously couldn't protect itself from all negative sides and all potential outcomes, especially those that might have not been predicted by Satoshi back then.. one of them being blockchain analysis. His attempt to break the links between coins and owners has failed.
If you need privacy, use an altcoin; Bitcoin is not designed to be anonymous in the first place. Satoshi made it clear in the whitepaper that the privacy aspect comes from the fact that it is not linked to any identity. Bitcoin cannot achieve perfect privacy without a radical protocol change, transparency is a core element of Bitcoin. If we've had so much resistance over block size, then I bet there'll be even more when it concerns privacy. Not sure if he didn't predict Blockchain analysis or if he didn't think there was an appropriate solution for it.

Unless you can:
1. Make a good proposal to change the network in a manner that preserves its privacy without radical protocol changes.
2. Convince everyone that this is a good idea.

I can't see how Bitcoin would improve on privacy especially when there are far more important things to focus on first. I don't think you can have any privacy without being conscious about it, Tor has integrated loads of features to improve on the privacy but there is really nothing that Tor can do if the user makes any mistakes. Privacy is far more of a users habit and being overly reliant on Bitcoin/altcoins to provide you with the said privacy gives most user a false sense of security.

Not anymore though - my 1 BTC is not equal to your 1 BTC anymore if mine comes from a mixer and yours comes from an exchange. My coins are now considered by most exchanges as tainted. What if your government considers them to be tainted as well, but kept quiet so far?
So what if it is tainted. Most of your coins are infact tainted to some extent, either intentionally or inadvertently. If you want to restrict use of tainted coins, then I'll consider it as a form of government policy to discourage the adoption of Bitcoin. "Taint" is a fundamental concept that is flawed and any businesses who enforces that should be avoided (like Coinbase Grin), because obviously if they're willing to trace your deposits, then they probably don't care about your privacy at all.

Using a mixer does not mean that you're participating in illicit activities. If your exchange restrict this, then I would advise you to perhaps switch to another one.
1597  Bitcoin / Mining / Re: are there any benefits to mining, without generating bitcoin? on: April 10, 2021, 04:25:39 PM
Huh do you actually know what an ASIC is? This guy just wants to run it on his pc..
Yes, Application Specific Integrated Chip. Low cost and low power consumption doesn't go in the same sentence when you're talking about a PC, most PCs would go up to 200Watts underload at least. My 2Pac runs on a USB port.
I wouldn't do it, why would you do all the effort (on your pc) and bandwidth etc, if u don't get any profit from it?
Mining does not incur significant bandwidth.
1598  Bitcoin / Mining / Re: are there any benefits to mining, without generating bitcoin? on: April 10, 2021, 03:38:56 PM
anyway,  would there be any benefits,  at all,  to running a very low cost & power consumption BTC miner, where we're not really expecting to generate any BTC?
Negligible. If you don't find a block within the time that you're running the ASIC, you're not doing anything that is contributing to the network at all.

1599  Bitcoin / Bitcoin Discussion / Re: bitcoin problems that need to be solved on: April 10, 2021, 02:51:52 PM
Now one thing I'm wondering is... why are we not improving Bitcoin's fungibility and privacy? Is it that we're scared of the governments' reaction to it? Wasn't Bitcoin released as a counterattack against the fiat system? What are we scared for precisely? If Bitcoin anonymity is an issue, then what's the difference between that and using CoinJoins/Mixers? Cheesy
Doing a complete overhaul of the protocol to add privacy features is not easy and probably won't be well received, if anything politics would play a huge part in this other than the technical challenge. If you're able to, I think making a BIP with features specific to Bitcoin is possible.

I don't think Bitcoin should have to adapt to solve every single issue out there, it simply can't. Altcoins can be much more versatile in this aspect and Bitcoin should focus on its core ideas from when it was created in 2009.
Another quite interesting/funny thing is.. Binance blocks coins coming from mixers/coinjoins, yet XMR can easily be deposited without issues. This further proves that the more we comply to what the government wants, the more they'll make it sound like privacy is a bad thing. They literally want to say that if you want to be anonymous on a public blockchain, you're a suspect.. while using XMR does not make you one since it has privacy on by default. That's how I take it.. otherwise, where's the logic?
I mean, if Binance blocks XMR, then they'll lose out on trading any of that currency pair right? What's the point with privacy if Binance already collects so much information on you?

If your exchange blocks transactions, then you probably shouldn't use it. Actual P2P exchange like Bisq doesn't have this issue. Bitcoin is fungible, 1 BTC = 1 BTC.
1600  Bitcoin / Bitcoin Discussion / Re: bitcoin problems that need to be solved on: April 10, 2021, 12:35:26 PM
#1. security.  When you make a bitcoin payment; that one payment address then forever connects you to your wallet thus allows the receiving person to see all your previous receives/sends, and, all your future receives/sends.  Any payment you received, or spent, then crushes your anonymity.  You are forever outed; fully exposed.  Really, it's no different than everyone in the world watching your bank account; seeing all the payments coming in and going out.  Bottom line is you can never send or receive a payment to anyone in the real world.  Your bitcoins/activity will forever be linked to you.  Chainalysis perfectly lays out the problem.
Isn't that privacy.

But that is why we don't reuse addresses. By sending the change to a new address, any outsider will have a harder time deducing which addresses are supposed to be the recipient address. With the inclusion of a mixer or CoinJoin, you can break the link and improve your privacy,
#2. non-fungable.  We like to think of bitcoins as being fully fungable.  But the reality is that any bitcoin wallet/coin can be black-listed or otherwise "tainted".  Your wallet could be black listed for any reason, or by mistake with no recourse.  Black-listing means that anybody can create a list containing your wallet address, and then any bitcoins in that address, OR, any bitcoin that ever TOUCHED that address can forever more be treated differently.  If YOU are found to have ever "touched" a black-listed coin, or coin from a black-listed wallet, you could then be targeted, hunted down, your real world accounts/property froze/taken; you arrested, who knows what.  Regardless, not all bitcoins are perceived to be "equal".  And, EVERY bitcoin has a history trail (moving from wallet to wallet) that anybody can easily follow see #1 above.

Bitcoin can never really be great unless every coin is truly fungable.  AND, to be fungable then coins must not be trackable.  Yes, some "alt coins" try to deal with the above.  But ALL mainstream cyrpto currencies especially BITCOIN need to start taking these issues seriously.
Bitcoin is fungible, 1 Bitcoin = 1 Bitcoin. No wallet/addresses/account should be blacklisted and there is a case to be argued that you aren't involved in illicit activities. Arresting someone solely based on the fact that they have tainted coins is absurd, innocent until proven guilty.
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