Adding to the above, bc1p is multisig iirc.
Wrong, bc1p only refer to Taproot address. Multi-sig is just one of many things you could do with Taproot script. And FWIW, bc1p actually use Bech32m[1]. --snip--
So, i think the P2SH "3" addresses at least win this round: until it spends, you don't tell at all whether it is a single sig or multi sig. I think I am right on this point. What do you think? Don't forget SH in P2SH and P2WSH refer to Script Hash, so it's possible the spend condition isn't N-of-M signature. [1] https://github.com/bitcoin/bips/blob/master/bip-0350.mediawiki |
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I remember you already perform initial block download in past (probably from one of your thread/post about 2-4 years ago). Why don't you just copy the folder (which contain Blockchain and other necessary file) from that device to your current device? That way you only need to download more recent blocks. Talking about being "digital nomad" - I think it would have more sense to keep your own copy of blocks & indexes somewhere on pendrive, or if you really really must start from 0, to have a trusted source for predownloaded blocks (like for example http://blockdata.loyce.club *) *) I do not guarantee the files are OK, ask him ;^) Based on filename and file extension, it's not in format which accepted by Bitcoin Core. |
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Service [banned mixer] in detail:- Own strict privacy policy
- Practicing the absolute no log principle
Update: Both clearnet and Tor version no longer make any request to external website. Status: Resolved. Tor version doesn't make request to google server anymore.Isn't it contradiction when .onion version of your website make request from fonts.googleapis.com and fonts.gstatic.com? I don't know much about it's privacy implication, but i believe it's enough to make privacy conscious person to seek different mixing service. |
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Is Bitcoin a Lighting Network
No. or Lighting network give rise to Bitcoin transactions
Also no. Although since LN usually is used on top of Bitcoin network, few people might say Bitcoin give rise to LN. or these are two different technology
Correct. LN isn't part of Bitcoin protocol/network and LN also works on different cryptocurrency (such as LTC and DOGE). If you don't mind long reading, Mastering LN Book show details comparison between LN and Bitcoin which can be read for free at https://github.com/lnbook/lnbook/blob/develop/03_how_ln_works.asciidoc#comparison-with-bitcoin. |
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But until now, NFT on LN (with protocol such as RGB and Tro), NFT on sidechain (such as RSK) or Ordinal data stored else-where (such as side-chain layer and BitTorrent) are mostly ignored by people who are NFT enthusiast and own some Bitcoin.
exactly. you can offer people a million alternatives to using ordinals but they won't use it. they want their monkeys being stored on the bitcoin blockchain. and nothing else will suffice. they dont' care about why using alternatives might unburden the bitcoin blockchain. not at all.  Forget about reduce burden on Bitcoin blockchain, they also either don't know or don't care about cheaper cost to create NFT, embed it's data and transfer NFT ownership. yep that too
and that those monkeys are not worth anything but scammed to appear as worth more per monkey than 1btc (triple facepalm)
i'm just concerned that people new to bitcoin aren't going to take it seriously with all these nft monkeys floating around...  we should be presenting a better image to the public at large if we want bitcoin to be adopted by everyday individuals. and selling them on the benefits of transferring cash digitally but if they get wind of all these monkeys increasing their transaction fees, they might be disappointed. bitcoin's dirty little secret. unfortunately that's what ordinals has become. Most bitcoin wallet and service don't really show statistic of Ordinal transaction though. So user probably only found out if they curious about NFT or read about news which claim Bitcoin blockchain is clogged by NFT's data. |
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I don't remember whether they have API, but https://www.statoshi.info/d/000000002/blocks?viewPanel=5&orgId=1 show weight size of each block. Transaction count cannot be used as reliable indicable how full is a block. Theorically 10 ordinal transaction (each with size almost 400.000 weight unit) could fill whole block. As for block size data, unfortunately it can't be used either (for this case) since it use byte unit, not weight unit. |
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This is about your 60th post where you've incorrectly referred to ordinals as an "attack." While I do agree that NFTs should not be seen as an attack, I hope you understand Ordinals became a feature by mistake. Is it really mistake when default verification of Taproot script (see BIP 342) intentionally remove limit (such as 10000 bytes script size limit) which exist on previous script type? I think it would've been better for Ordinals to live on a Layer-2 scaling solution such as the Lightning Network just to avoid adding further pressure to the main Bitcoin blockchain. Maybe nodes/miners will ultimately reject transactions with Ordinals inscriptions for the good of the network itself? I really hope BTC stays cheap and fast to use (sort of) for day-to-day payments. Otherwise, it'd become completely unusable. No one can predict the future, so we can only hope for the best. Just my opinion  But until now, NFT on LN (with protocol such as RGB and Tro), NFT on sidechain (such as RSK) or Ordinal data stored else-where (such as side-chain layer and BitTorrent) are mostly ignored by people who are NFT enthusiast and own some Bitcoin. I expect this thread will continue as long as NFT enthusiast prefer storing their data (image, audio, etc.) on-chain or there's very user-friendly to make NFT on LN/side-chain. |
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User: JamesBornCurrent: Moderator only delete the thread. Copy: The following are some of the major advantages of using Bitcoin versus other currency systems: this makes bitcoin different from other currency or network assets which investors are liable to panics and scams victimization but the advantages of bitcoin below may need argues or contribution from your end. 1. No Third-Party Seizure
Since there are multiple redundant copies of the transactions database, no one can seize bitcoins. The most someone can do is force the user, by other means, to send the the bitcoins to someone else. This means that governments can’t freeze someone’s wealth, and thus users of Bitcoins will have complete freedom to do anything they want with their money.
2. No Taxes
There is no way for a third party to intercept transactions of Bitcoins, and therefore there is no viable way to implement a Bitcoin taxation system. The only way to pay a tax would be, if someone voluntarily sends a percentage of the amount being sent as tax.
3. No Tracking
Unless users publicize their wallet addresses publicly, no one can trace transactions back to them. No one, other than the wallet owners, will know how many Bitcoins they have. Even if the wallet address was publicized, a new wallet address can be easily generated. This greatly increases privacy when compared to traditional currency systems, where third parties potentially have access to personal financial data.
4. No Transaction Costs
Sending and receiving Bitcoins requires users to keep the Bitcoin client running and connected to other nodes. Essentially, by using bitcoins users will be contributing to the network, and thus sharing the burden of authorizing transactions. Sharing this work greatly reduces transaction costs, and thus makes transaction costs negligible.
5. No Risk of “Charge-backs”
Once Bitcoins are sent, the transaction cannot be reversed. Since the ownership address of Bitcoins will be changed to the new owner, once it is changed, it is impossible to revert. Since only the new owner has the associated private key, only he/she can change ownership of the coins. This ensures that there is no risk involved when receiving Bitcoins.
6. Bitcoins Cannot be Stolen
Bitcoins’ ownership address can only be changed by the owner. No one can steal Bitcoins unless they have physical access to a user’s computer, and they send the bitcoins to their account. Unlike convential currency systems, where only a few authentication details are required to gain access to finances, this system requires physical access, which makes it much harder to steal.https://www.google.com/search?client=ms-opera-mini-android&q=usefulness+of+bitcoin&oq=usefulness+of+bitc&aqs=heirloom-srp.0.0l5Source: https://cs.stanford.edu/people/eroberts/cs201/projects/2010-11/DigitalCurrencies/advantages/index.html |
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1.) What Bitcoin wallet will I use to generate seed phrases offline using the air gap laptop?
Electrum and Sparrow Wallet are good option since both are open source and support sign transaction on offline/airgapped environment. 2.) How can I maintain my laptop functionality since I don't have the option to update my driver?
If current driver let you operate/use your laptop normally, there's no need to worry about it. I would worry about whether how long your laptop hardware would remain operational. You might want to make multiple backup of your wallet on different location. 3.) How can I transfer funds from my Air Gap Laptop to my external wallet without the internet or at least a way to safely transfer it?
Usually people would use QR Code and camera/webcam to transfer unsigned and signed transaction. 4.) Is this worth it?
Yes, especially if you have decent amount of cryptocurrency and always perform good security practice. |
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--snip--
I took a snapshot of mempool.space Btw just realized that that means Median fee. It looks like you found bug on mempool.space website, 1 - 1 sat vB range should equal to ~1 sat/vB. Although i visited mempool.space just now and it shows "~1 sat/vB". --snip-- Right now, I look at mempool.space and 1 sat/vB is enough to get first confirmation in 10 minutes and if you send transaction with 0 sat/vB, you'll get confirm in 20 minutes. --snip--  Aside from display bug, block which shows text "In ~20 minutes" roughly means current transaction on mempool with fee range 1 - 1 sat/vB will be confirmed in ~20 minutes ( only based on current mempool state). When choosing fee, following fee rate under column "Transaction fees" usually is better option since it use more complex calculation[1]. [1] https://mempool.space/docs/faq#looking-up-fee-estimates |
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3. To identify the neighboring public key, change the private key by adding or removing a certain value. The "tweak" value is usually a random 256-bit number.
Stop spreading wrong technical information, it's impossible to perform mapping public and private key. And when you say "random 256-bit number", it means brute-force until you find "similar" private/public key pair. |
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The good way is to use Tor, I understand that but I can see that some people use their internet service provider IP directly for their nodes. Assuming if someone uses IP address instead of using Tor, what information can be leaked to the internet service provider?
Everything that's transmitted. Bitcoin node doesn't use encryption to send/receive data between nodes. BIP 151 and 324 attempt to solve that, but BIP 151 has been abandoned while BIP 324 still on development for Bitcoin Core software. Can the internet service provider know my bitcoin addresses or the internet service provider will just know that I am using Bitcoin Core but not able to link it to my bitcoin addresses and transactions?
I am not talking about SPV wallets but only full node wallets.
ISP would have hard time knowing whether you only relay other's transaction or your own transaction. They would have to perform massive logging or cooperate with other ISP/government in order to determine which transaction most likely belong to yours. |
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Take note even if someone use Tor on Electrum, server still know list of Bitcoin address on your wallet belong to same person/entity. My concern is that if I setup an online electrum wallet, someone can track and spy me ?
The question you are asking seems to be impossible, it would be very difficult to trace back the IP of a hot wallet. It might be possible to get the IP of the blockchain node used for transactions .But using your wallet ip to spy on you, how? How? Someone just need to replace running bunch of node with running bunch of Electrum server. |
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User: JamesBornCurrent status: Thread deleted by moderator, but user isn't banned (according to modlog.php) Copy: Source 1: https://mpost.io/best-3-bitcoin-ordinals-wallets-2023/What is Ordinals Wallet?
Ordinals Wallet is a Bitcoin wallet that supports Ordinals inscriptions. It allows users to receive, store, and view Ordinals in their wallets, with functionality for transferring, sending, inscribing, and buying and selling Ordinals.
Source 2: https://blog.chain.link/ordinals-bitcoin-nfts/What Are Ordinal Inscriptions?
Ordinals are means of creating Bitcoin NFTs by attaching data such as images, videos, and more to an individual satoshi on the base Bitcoin blockchain. Unlike their predecessors, ordinal NFTs don?t exist on a separate layer from Bitcoin.
--snip--
User: RexlusCurrent status: "Autoban user: N/A in topic #0 by member #3541599" according to modlog.php Copy (plagiarism with paraphrasing) : Yes, they can.i think It is quite easy to detect an ordinary Bitcoin client; it sends unencrypted messages of a model and unique arrangement to well-known TCP ports. Moreover, if they observe all your transaction, it would not be that callous for them to combine you with the transactions you send; Bitcoin tries to mitigate your transactions by sending them out along with other people's relayed transactions. But if they can see all your incoming traffic, then when you send out a transaction that you never received from someone else.
Source: https://bitcoin.stackexchange.com/a/58580Yes, they can. It is quite easy to detect an ordinary Bitcoin client; it sends unencrypted messages of a standard and unique format to well-known TCP ports. Moreover, if they monitor all your traffic, it would not be too hard for them to link you with the transactions you send; Bitcoin tries to "cloak" your transactions by sending them out along with other people's relayed transactions. But if they can see all your incoming traffic, then when you send out a transaction that you never received from someone else, they can conclude it is one that you yourself created.
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Is there any means (website for example ?) to check someone's hot wallet IP address ?
You need to run lots of Bitcoin node and Electrum server, then log every broadcasted transaction by other node/SPV user along with it's timestamp. Few blockchain analysis company do that, but i doubt they'll share their logged data. On a side note, blockchain.info (today it's blockchain.com) used to log IP address of IP which send transaction data to blockchain.info node. But it seems they no longer do that and they don't show such data on older transaction. |
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What I can not understand, even if I will probably be beaten for this question, is why people not try to propose those new features to bitcoin directly? Yes the lightning protocol was not natively adopted, but to split so much developing power away from bitcoin core can only hurt the project in the long run.
Mainly because Lightning Network isn't part of Bitcoin protocol. As for splicing feature, it's meant to let user use Bitcoin on mainnet/on-chain without close and re-open channel which create 2 on-chain transaction which takes time and could be costly. And FYI, LN can be used for many cryptocurrency and you can even swap between 2 coins on LN through atomic swaps. Bitcoin Core development heavily focus on full node and wallet functionally, so adding feature (such as LN wallet or CoinJoin) would burden Bitcoin Core development and maintenance. |
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Relevant discussion thread, Biometrics as private key?What if the wallet was you.If we do so so, can solve an age-old problem of lost private keys?
I expect it's only partially solved due to various technical issue/limitation. But you'd also create new problem where Bitcoin can be stolen through stealing Biometric (e.g. breach from centralized service or trace fingerprint from item you touch). But the biometric fingerprint is way better because fingerprints do not change even as we age.
Generally it's true, although it could be changed if you receive injury. |
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HP ProDesk 400 G3
CPU i5-6500T (2.50GHz)
1 x 16gb DDR4 ram
Or
HP EliteDesk 800 G3
CPU i7-6700 (3.40GHz)
1 x 16gb DDR4 ram
Is the i7 worth the extra $?
It heavily depends on how much additional money you're going to pay. In addition, you need to consider these, 1. Both PC use Intel CPU which released on 2015. 2. Extra 30W might be worth for extra 4 thread and 36% faster base speed (2.5 GHz vs 3.4 GHz). Also when it comes to the storage I don’t know if I should go for M2 NVMe SSD or SATA-3 (6Gb/s) SSD?
Both are sufficient to run Bitcoin full node. NVMe SSD generally is better choice while only a bit more expensive, but you need to make sure your PC has slot for NVMe SSD. My initial use case is for increased privacy, better coin management and do “my bit” for the network. Running your node through Tor gives the best privacy, but that also means the Tor network speed will probably be the bottleneck. And in that case faster hardware doesn't matter anymore. But unless you use Tor for IBD, the bottleneck won't be that noticeable. |
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