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661  Bitcoin / Development & Technical Discussion / Re: [Beginner question] Vanity from Xpub on: September 20, 2021, 04:19:24 AM
I had something on my mind like a little program which would ask for the user to introduce their public key and then the prefix of choice, once that is done, the program would withdraw computing power from the computer to start looking for the desired address.

I thought this would be an advantage because if you are using a cold wallet, you could use vanity addresses without exposing the private keys.
Also, people who have several inputs/outputs may share customized addresses for differente purposes, how several people do already, but without managing several private keys.
Split-key vanity generation basically fulfills all that you're looking for, without additional complexity. By introducing complex derivation paths and indexes, you risk losing your funds if you don't know the exact path and index. In addition, because there is an extra step when converting your seed and an arbitrary derivation path and index during the generation, there is likely some additional resources needed in the process as well.

I can see a point if you're looking for multiple vanity addresses in succession within a seed. That would definitely be harder than just generating them individually.
662  Bitcoin / Bitcoin Discussion / Re: How to use private keys post societal collapse on: September 20, 2021, 02:43:22 AM
You'll have two options. The first is to purchase another hardware wallet and restore your seeds using it. The second is to download one of the popular wallets out there and restore it. Most of the hardware wallets generate BIP39 seeds, but you'll still have to know the derivation path for your specific wallet. It shouldn't be a problem because that is public information.
663  Bitcoin / Electrum / Re: derivation path Electrum on: September 19, 2021, 05:46:40 PM
The derivation path is m/0.

Electrum seeds are not compatible with BIP39. You have to generate the master key differently as you would from a normal BIP39 seed.
664  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin suitable to become legal tender? on: September 19, 2021, 03:14:10 PM
Making a currency a legal tender doesn't necessarily means that the citizens HAVE to use it, it is merely a currency that the country recognizes and endorses. Fiat would probably still be a more dominant currency in use, and governments wouldn't give up their fiat for that. The problem isn't with how the citizens manage their financials but it is about how the volatility affects the user dis-proportionally. As for the point about transaction finality, it is hardly a case to be concerned about; you are responsible for your own funds and no one has to babysit them.

But again, any country recognizing it as a legal tender has an ulterior motive. That is to generate positive PR and distract others from the issues that they're facing. It is hardly a point to argue about.
665  Bitcoin / Bitcoin Discussion / Re: What ever happened to casascius coins?? on: September 19, 2021, 09:20:09 AM
Casascius started to sell unloaded ones AFAIK. The market for collectibles isn't really all that big. People buy them as a novelty, especially so when Bitcoin is starting out. The thing about loaded coins is that they are difficult to trade. If you need to sell the Bitcoin due to the higher Bitcoin prices, then you're going to be losing out because you need to either peel the coin or bite the bullet and sell it for a lower price. The mark up that you see are often tied to fiat prices.

I occasionally still collect them, but I wouldn't really pay that much for it.
666  Bitcoin / Bitcoin Discussion / Re: How many BTC users actually care about privacy? on: September 18, 2021, 04:28:14 PM
You cannot regulate Bitcoin to that extent. Governments don't have and will not have an iron grip on Bitcoin. It is possible to be pseudonymous with Bitcoin because it is so hard to shut down and regulate every mixers out there. They are either out of reach of their jurisdiction or won't even have to comply with court orders.

P2P exchange won't die, because that is not illegal. Making it illegal is just unconstitutional.
667  Bitcoin / Bitcoin Discussion / Re: Economists say each BTC transaction causes 272g of waste on: September 18, 2021, 02:07:00 PM
The circuit boards are the hardest to recycle and may or may not be.
The same with the power supply and the other small components.
Correct. Many a times, they are the ones that fail first and contributes mainly to the e-waste problem. The silicon in the chips are difficult to recycle because of the purity needed.
Any MAJOR farm that can't sell their old equipment on the secondary market because the hardware no longer works is going to have some way to get rid of this stuff.
Remember, there is a monetary value attached to it. Here in NY at the low end you get $0.50 a pound for aluminum, that is me waling in off the street.
If I had more, like I pile all the broken miners from a large operation and strip them. I could probably get 10%+ more if I am bringing in 1000s of pounds.

Now, on the individual scale, yes stuff might nor be recycled, but a commercial operation would never leave that money unclaimed.
I get the point about aluminium being recyclable. That isn't really much of a concern given that we've already been recycling such a huge percentage of our aluminium cans and other miscellaneous stuff made from aluminium. The problem lies not only with the recycling aspect of it, as I've mentioned but rather the demand of it. We are incurring significant environmental impact by producing specific chips and boards that are designed for one purpose and one purpose only... Which is to mine a specific algorithm and afterwards there is no use for it. Great, it is recyclable. Does that mean it is environmentally friendly just because it can be recycled?

The answer is no. It might be feasible to recycle them(depending on their area and the parts we're concerned with), but that would only solve part of the problem, which is trying to mitigate part of the e-waste problem. The problem with this is that it is a multi-dimensional problem. We have to calculate both the carbon footprint for producing these ASICs, and recycling them as well to factor in the true derived carbon footprint of a single transaction. I want to bring the attention to the efficiency of a transaction instead, for which is it more efficient for Visa to process a transaction or for Bitcoin to process a transaction?
668  Bitcoin / Bitcoin Discussion / Re: Economists say each BTC transaction causes 272g of waste on: September 18, 2021, 03:40:11 AM
Using Bitman / Cannan as my 2 references with the newer miners with the built in power supplies.
75% or more of the weight is aluminum for the heatsinks and case. Which is totally and easily recyclable.
15% to 20% is the power supply and some steel which are also recyclable in just about any part of the world.

The rest? The circuit boards and chips and other stuff. Yes, it takes a bit more to recycle it, but it's done all over the world every day.
Just because it can be recycled doesn't mean that it would be. Recycling metal is quite a tedious task and many a times, it makes far more sense economically to just throw them to a landfill and mine for new material than trying to waste money and recycle them. E-waste is quite a prominent issue because parts of it are either hard to recycle or expensive to do so, due to the miscellaneous costs incurred in the process as well. Recycling doesn't really do all that much, it doesn't offset the environmental impact from mining it in the first place and incurs even more through the process of recycling it.

It's quite absurd that people are not acknowledging the fact that these argument actually have some substance and makes sense. Instead, they are dismissing it as a "propaganda" or fake news and instead shift their argument towards other activities which generate far more utility. Come on, it is just a Bitcoin cult defending the coin for the sake of doing so Roll Eyes.
669  Bitcoin / Bitcoin Technical Support / Re: Set up Bitcoin Core v0.21.1; incoming connection 0 on: September 17, 2021, 05:12:40 PM
Number of connections says 0 in and 10 out (I thought only 8 were allowed out?).
There are two additional block-only relay nodes ontop of the usual 8 nodes, which is why there is 10 now. Anchor nodes were introduced in the more recent versions to protect against eclipse attack. You cannot increase the outgoing connections through addnodes.
I'm unsure about this terminology. Is outgoing connection for me to get new block information from other nodes and is incoming connection for me to broadcast my own transactions out there if I were to use my full node with my hardware wallet?
You don't need incoming peers. Your connections are bidirectional, meaning that you will receive and send data like any other nodes, be it block data or transactions, regardless of your incoming/outgoing connection counts. The incoming nodes only means that certain nodes are connecting to you, to receive and transmit information. In a similar sense, you are connecting to nodes that allows incoming connections.

You definitely don't need incoming peers to use Bitcoin. If you're behind a NAT, you have to port forward your port 8333.

The network cannot survive if there is no peers that would accept incoming connections, because that would simply mean no one can connect to each other. Privacy is unaffected by your incoming/outgoing connection counts. There are countermeasures against topological analysis within Bitcoin Core.
670  Bitcoin / Mining / Re: Now is definitely an excellent time for personal mining on: September 17, 2021, 06:40:33 AM
The difficulty may not change and I think it does not change for sure however, there is one major factor that can profit us while mining in the current times and that's increased shared by our miners.

I am currently mining RVN on my rigs and I have seen great amount of change in the pattern of payouts. When the prices changed drastically after the miners of RVN left for the ETH mining protocol, network directs most of the "job" to those who are still mining. Thus, increased workload on the miners and increased reward after the successful execution of transaction confirmation.

Not sure how true is this, but from my observation my payment per hour always increases whenever the workers are decreased!
Your payment increases, in the case of the coins that you're mining only when the difficulty decreases or the price increases. It doesn't matter how many people left, because the profitability is not a function of the number of people that is currently mining. It is only affected by the two factors as mentioned.

Your network doesn't direct any workload to the user, that is not how any crypto work by directing workload. You will never be more profitable than the larger farms with hundreds of thousands of dollars at their disposal and cheap electrical fees.
671  Bitcoin / Development & Technical Discussion / Re: Reclaiming Lost UTXOs and Deleting Empty Blocks on: September 16, 2021, 05:18:33 AM
they still have to download the entire blockchain though. and keep it updated. that's kind of a hassle.

Once the network come to a consensus about the new genesys block it wuold be just like satoshi's genesys block. everyone could trust it just as much. there's always a risk of the things you mentioned even without doing this. As time goes on, less and less people/organizations are going to maintain a copy of the entire blockchain. Maybe oneday no one will have an entire copy. That would be a pretty bad situation.
Why do you need a full node? For the majority, any SPV clients would suffice and it wouldn't incur that much resource usage as well.

The problem with a snapshot is that someone has to define the interval or the block height for which it occurs, and the consensus will never be reached on that. The decision will ultimately fall with a certain group of people instead of the community as a whole. Satoshi's genesis block was universally defined as the block zero, for which the first Bitcoin client was shipped with, there was no consensus about that. I find having to trust someone on the state of the blockchain, instead of verifying it as a whole would just be akin to me using a SPV client.

The issue that you've stated so far is not a pressing issue at all. The HDD argument is not very valid; areal density is improving year on year and the reason the price has decreased is due to the cost of production and the increase in HDD density.

I never heard that one before but if Satoshi said that then I guess I have to rethink my idea about making utxos expire. I can't be contradicting the man.
Not saying that we shouldn't follow that but it really doesn't make sense. Bitcoin belongs to the community, not to Satoshi. It really doesn't matter what he says, just look at the issue on its practicality as well as the ethics of it. On this issue, the problem lies with the ethics.
672  Bitcoin / Development & Technical Discussion / Re: Can a scammer intrude and rob bitcoin wallet through a multisig? on: September 16, 2021, 04:07:23 AM
You said you don't sign anything blindly,but in bitcoin transactions,apart from the coordinator,the other participant are unknown to you.
My point is that all the users are going to drop thier address and signature.
What if the people involved are internet gurus that could possibly defraud?
Please try to understand and look towards my point of view
No such thing. There is no such thing as a coordinator in regular Bitcoin transactions, nor do you have to care about other participants. The only time it involves multiple parties is if you're doing a MultiSignature, where the conditions for the spending is for the minimum number of parties to sign it and for the signatures to be concatenated. You can't get defraud, because you are able to see what you're signing for. PSBT is a format which allows for people to sign their individual signatures and for individual signatures to be combined and used in a single transaction. It is not a form of transaction.
This is where you had your instances from and you didn't bother to drop a link for references.
I have my basics and facts that i made because i really went into deep studies to know how this is manipulated
I disagree. You need to research on the topic more and clear your misunderstandings. It is difficult to explain concepts to people if they have no idea what is going on, and it isn't what I'm here to do. I would love to discuss and clear any misconceptions, but it doesn't help if the user doesn't have an idea of what is happening.

For starters, you need to understand how Bitcoin works: https://github.com/bitcoinbook/bitcoinbook.
673  Bitcoin / Development & Technical Discussion / Re: Can a scammer intrude and rob bitcoin wallet through a multisig? on: September 15, 2021, 06:10:26 PM
You have a fundamental misunderstanding of how Bitcoin actually works. It might be better for you to start reading up on it before asking questions, so it'll be clearer for you as well.

The (PSBT) format is created in such a way that if the transaction is between three (3) persons, the two people who are received will have to create an address and add to The PSBT.
PSBT in the sense of a MultiSig is with an address that has a Multisig script hash, that address will have the specific requirements (ie. the signatures) required for a transaction to be valid. We don't add addresses to the PSBT, the PSBT contains the information needed for someone to generate a valid signature for the transaction that they've created.

1)At this point,the signature of all parties are involved.what is the rate of impossible when its comes to any participant who has evil motives like accessing anyone's signature?
No chance.
2) Are signatures created with perfect privacy conditions so therefore cannot be accesed by any kind of fraud?
If NO,then PSBT isn't SAFE!!!
3) I have read that sometimes,coordinator sends the PSBT to each of the user to sign them privately and Send it back,in these case,since bitcoin is decentralised and people aren't known specifically as any frauder might just decide to become a coordinator just to fraud everyone of their coin, don't you think and improvised method should be used on these maybe to the MINERS directly?
No. Privacy has nothing to do with this. You are supposed to authenticate and be sure of the people that you're doing a MultiSig with. If you don't you might be dealing with the wrong people and could possibly lead you to getting scammed. Whoever is signing their part are supposed to be aware of and know what they are signing for, we don't sign anything blindly.
674  Bitcoin / Electrum / Re: will electrum wallet be backward compatible in near future ? on: September 15, 2021, 10:50:14 AM
i am planning to use one of those titanium seed storage , where i punch my seed phrase/ number.

so hypothetically, lets say i die in this 15 years timeframe and some family members find the "titanium seed storage", then it should be easier for them to recover the coins too.

i guess, i could also mention

Electrum 4.1.5

on top of the seed storage case, so the person could understand where this seed is created and what needs to be done/tools to be used to recover the coins. (so research and some programming skills are not necessary for them.) just my thought.
Yes. It is highly unlikely that a recovery tool with detailed instructions wouldn't be available for a wallet as popular as Electrum. Even when Multibit was discontinued, there were detailed steps to extract the keys.
675  Bitcoin / Bitcoin Discussion / Re: Which Algorithm will still be Surviving, Used & Secure in 25 Years time? on: September 15, 2021, 10:22:22 AM
But is the energy is renewable like solar, heat, wind etc. then what does it matter if electricity intensive is wasting energy?

I can get Solar Panels for nothing and get them to use the sun's energy waste as much of it from the sun, as long its not causing harm to the environment they why anyone would object to this?
Do you get solar panels without having to mine for the silicon used in the PV cells? It's quite easy to get greenwashed by the major corporations or those that simply wants to ignore the obvious to suit their narrative.

Renewable energy are not free of environmental impact, infact there is no such thing. An increase in demand brings about the cost to the environment, in terms of sourcing of the raw material or deploying the actual setup. Whether the benefit outweighs the cost is a whole other issue altogether.

No risk to PoW if you don't have a feasible collision.
676  Bitcoin / Electrum / Re: will electrum wallet be backward compatible in near future ? on: September 15, 2021, 10:10:25 AM
Electrum or practically any other wallet has always maintained backwards compatibility, wherever possible. In the case of a seed, it wouldn't take much to preserve the backwards compatibility of it especially when the versioning is already clearly defined.

You actually don't have to store the source code at all. It is quite trivial to derive the private keys from the seeds and can be done easily with a little research and some programming skills. Rest assured, if some day the current seed system gets deprecated, then someone would probably just make a tool to derive the master private key regardless.
677  Bitcoin / Development & Technical Discussion / Re: Reclaiming Lost UTXOs and Deleting Empty Blocks on: September 15, 2021, 05:19:36 AM
I get the feeling that your question is somewhat rhetorical in nature and that you don't really believe that anything needs to be "solved". But there are possible solutions to the blockchain size issue. I even thought of one myself recently. Actually 2 of them. I'll share one of them here. the other deserves a bigger platform like its own thread maybe!

Just take a snapshot of the utxo set after mining block #XYZ. The utxo set at that time will becomes the new genesis block. And that is all that would need to be saved. Rince and repeat every 10 years or so. Bitcoin purists and crypto historians can enjoy keeping the old blockchain and actually seeing how things got to the state they are in if they want to while the network goes on about its business in a more efficient manner.
It wasn't really a rhetorical question. Given how the argument is centered about UTXO size, I was wondering if you were concerned about blockchain size as well.

I think this "solution" has been discussed quite a few times, and I don't really find it an issue anymore. We've had pruning for quite a few years now, and it describes exactly what you're talking about. Where users choose to save how much block data they need while discarding the rest and retaining the UTXO. If you prefer to trust someone to tell you what is right at a certain point of time, instead of validating yourself, then it would be better to just use an SPV wallet. I don't expect the majority to require a full node and in the near future, SPV nodes should fulfill their needs instead of wasting their resources to run a full node if they are unable to.

Anyhow, throughout my time here, I've seen this solution being proposed more than a dozen times. The reason why the UTXO commitment or blockchain truncating isn't viable right now is that the user has to trust that the commitment is accurate and isn't intentionally manipulated. I would think that this only serves to solve the problem with regards to the storage space, for which pruning is sufficient.
678  Bitcoin / Bitcoin Discussion / Re: Twitter and Square CEO Jack Dorsey running his own Bitcoin node on: September 15, 2021, 03:02:25 AM
He is one who strongly believes in Bitcoin and always happy to admire the efforts of other in progressive way but now this time he has setup his own node which means he will validate transactions and add them in the block and mining btc as rewards using his node.He tweeted this on Friday:

The global leaders who knows its importance are standing in favour of it and utililizing it's benefits.Jack Dorsey has involved himself at the time when mining has become difficult and costly as you need more hashing power and electricity to solve the cryptographic puzzle faster than other networks even if the rewards have been reduced to 6.25 btc per block mined.The only reason is you will still have good amount left with you when the prices will skyrocket in the future and you will ignore mining cost at that time.So isn't it interesting for you?
That is wrong. Running a full node isn't equivalent to mining. They cannot mine a block just by running a full node, you need sufficient computational power for that, for which he definitely doesn't have. In a perfect world, economics might function on a supply-demand concept but it is hardly the case. It is just wishful thinking for people to assume that it will rise just because of it's deflationary principle.

If anything, the tweet is only to raise more awareness. It is easy to run a full node and everyone can do it. It isn't a big deal for anyone to do so.
679  Bitcoin / Bitcoin Discussion / Re: If an exchange can support lightning network what are wallets waiting for on: September 15, 2021, 02:59:46 AM
I, personally, find Electrum buggy with its implementation. BlueWallet's lightning compatibility isn't non-custodial.
Agreed. Electrum's implementation at it's current stage is not user-friendly enough and is quite annoying to use.

Lightning network has intrinsic benefits over the primary layer but it isn't all that applicable at this stage. Not a lot of people use LN for day-to-day transactions, or even Bitcoin for that matter. The fees are low enough right now, and we don't have to care about inbound capacity either. It becomes a self-perpetuating cycle, where if adoption is low, then no exchanges would adopt it and the cycle continues.
680  Bitcoin / Development & Technical Discussion / Re: [Beginner question] Vanity from Xpub on: September 15, 2021, 02:52:50 AM
You can theoretically have more than enough derivation path to find the desired vanity addresses without having to switch keys. The prefix or the pattern of the addresses are independent of the seed or any other factors, so you'd have to keep track of the derivation path as well as the index. It can be quite tedious but it would allow you to have all of the vanity addresses being derived from a seed, but with differing path and non-sequential indexes.
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