Which means the transactions fee will be very small.
Direct payments are feeless, but you still have to pay for the channel opening and closing fee. This is also reason why LN is hardly popular, since you would pay more or about same if you rarely make transaction (less than 3 transaction within the LN channel duration). I have a suggestion, I think lightning network is fine and can be used for small payments, like paying for foods and drinks you order daily at a restaurant or paying at coffee shop. For instance, you open a channel with the owner of the a food restaurant where you eat daily after work, you can decide to spend 0.0003 btc daily at the reestaurant. You can open a channel with the owner of the food raustarant with 0.03 btc aside the fee you will use to open the channel. You can use this to order for food for months, making use of the bitcoin lightinig at a very reduced/low fee. I think this is still fine. Good example, but finding merchant who sell something you buy daily (or even weekly) and accept LN is quite hard. But, lightning network wallet that someone will be able to customize (edit) the fee will be good for such purpose.
Such option is limited to : 1. Setting on-chain transaction fee when open/close channel 2. Selecting route with lowest fees |
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Faucets are worthless.
It really is not worth the time. You would be better off getting a job and buying bitcoin. Saves you tons of time and electricity.
Get a job? Even beggar could earn more money than people who collect satoshi from faucet. |
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Well what other ways can i try to see if it turns on? I plugged it multiple times into my laptop usb port and it doesn't work.
That depends on OS you use, on Linux usually i would use command lsusb before and after plug an USB device. On Windows, you should able to check it with Hardware Manager, but i'm not 100% sure (since i usually use Linux). |
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I don't really understand how it works, so i'll just ask a layman question, how does this solution prevent sybil attack where majority node is controlled/owned by malicious actor?
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Although i don't use the bot, thanks for sharing the source code. But additional information such as environment (PHP version, etc.) would be appreciated.
Right, you are absolutely right. I begin to write a more understandable README for everyone. I wanted to thank you all for the nice words and for the merits, do not pay attention to the code that will surely be horrible. You can criticize me if you want and explain how I should have done. Thanks I never learn PHP programming language, so i'll let someone else criticize you  The only thing that i could criticize is i find your code mention token and API key, but your README.md doesn't mention how or where to setup the token/API key. |
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Although i don't use the bot, thanks for sharing the source code. But additional information such as environment (PHP version, etc.) would be appreciated.
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Isn't it attack that only affect very old OS which uses Linux Kernel 3.6 or lower? I doubt any users who use linux as personal computer (rather than server that hardly can be upgraded without break things) still use very outdated kernel.
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Looks very simple, even people who only use Python like me can understood it without sweat  Unless there's bug when translating minsc to bitcoin script, i don't see any downsides. I just hope newcomers don't copy-paste minsc code without good understanding of what it does. |
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Here is the output of iostat when the problem occurred:
--snip--
Can you use another tools such as iotop which shows drive usage in percentage when the problem occurred? if electrumx or bitcoin core have very high disk usage, then your HDD is likely the reason. It should be able to do a lot more then the 1.3M shown. So if that is all it's pulling then the issue is elsewhere. If that is all it can do then that may be the issue.
Without knowing whether ElectrumX perform sequential or random read & write, i wouldn't say 1.3M/s is slow. |
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SegWit adaption isn't that bad, but if you think it's still low, you should blame wallet which didn't create SegWit address by default or services which haven't support SegWit yet. So far I haven't seen anything that convinces me LNs will become the de facto second layer.
Requirement to make 2 on-chain transaction to open and close LN channel is also turn-off for many people who rarely make transaction. |
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I appreciate the guide, you even include example code on Python with it's output.
It would be great to write your environment such as version of Bitcoin Core, Python and bitcoinrpc library, since some parts of the guide might become obsolete in future and people who read your guide can make change easier.
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So the support expenditure seems to be for legacy support, rather than for SegWit. I don't know though, I think the cost savings are more than worth it.
Most exchange redirect cost of transaction fee to withdrawal fees, IMO it's one of reason they don't bother support SegWit. |
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Yes, but there's the limit before nodes reject transaction with unconfirmed input. IIRC the limit is 32 transaction depth, so you don't need to worry about the limit unless you make 32 chaining transaction (e.g. address 1 -> address 2 -> .... -> address 33) |
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The lazy way are :
1. Disable incoming connection
2. Run your node behind NAT (without configure port forwarding)
I wouldn't say it's selfish since there are some people who only use SPV wallet or Bitcoin Core, but are behind NAT without knowledge about port forwarding.
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According to https://ethereum.stackexchange.com/q/52658, you could find wallet file, then decrypt it manually (with your password) to obtain your seed. The only problem it's for Google Chrome on desktop, so you have to improvise a bit. P.S. make sure to do it on clean desktop. |
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@elda34b already asnwer your question, but i strongly suggest you to make multiple backup with different medium (e.g. SSD, M-disc).
USB drive isn't best option to store your data on long term.
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No, i would find better paying jobs which have better privacy.
Can I ask what privacy is lacking? My method gives up no information all your utilities don't know - you are at home using power, water, etc. They can deduce how often you shower, what temp you like your home at, etc. The only privacy you give up is that you are available to work, and that isn't even stored - only the tasks you do. Just like everyone, the usage of camera. I know we don't have much privacy these days, but i won't make it any worse. If you're paying $1/hour, you'll potentially have millions of employees.
Club membership is for crypto enthusiasts. There are a number of requirements, and the invitations are private to start. I want to attract people that use crypto and are willing to spend it on other online services. I don't want to attract people that don't care about crypto and just want to make money. IMO crypto enthusiasts usually also privacy enthusiasts who likely to reject your invitation due to privacy concern. |
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Most likely your Bitcoin-qt 0.8.3 cannot sync properly (even though 0.8 and above still can connect to more modern nodes). I would recommend you to :
1. Backup your wallet
2. Upgrade Bitcoin-qt 0.8.3 to newest Bitcoin Core (0.20.1 at time of writing this post)
3. Let Bitcoin Core fully synced
4. If the unconfirmed transaction is still there, delete it manually.
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For those interested, here's how the report looks.
--snip--
Thanks for sharing I have a question be the way: why ATMs are classified as ⚠ !
My guess is ATM don't require KYC verification |
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Let the users choose which businesses actually help the network, and which of their favorite services users should ask/petition to use Segwit, and batching.
I absolutely concur with this With Segwit, everyone gets to express their preference according to what they believe is best, whether just individually or for the Bitcoin network overall. Do you want:- Small blocks? don't use Segwit
- Big blocks? use Segwit
But small blockers must pay 4x more for transactions that consume more weight in the blocks. Very nice compromise, IMO From practically side, it should be Do you want:- Higher fees? don't use Segwit
- Lower fees? use Segwit
Fortunately 4x part only applies to signature part of the transaction, where you'd pay about 2x more for non-SegWit transaction. |
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