This doesn't bother me, as I always use coin control to choose which input I use anyway. I'd love to have all possible address types in the same wallet. Currently I can only use Electrum for Bech32-addresses, and it needs a separate wallet for this.
I always sue coin control myself. The main reason I use Bitcoin Core is because of that. Other wallets suck at dealing with inputs/outputs or not even give you the option to manage them which is ridiculous. But still, compartmentalized address types within wallets would be ideal imo.
Multiwallet is still in 0.16. It is still just an RPC only thing, no GUI support yet.
How far are we from multiwallet GUI support? |
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Im using Electrum myself for segwit stuff for the time being. I would just wait until 0.16 is out which will have support for all segwit addresses and you will see them on the GUI and everything will be as it should. 0.16 should be out next month.
But if there is not a way to add addresses in batches and then rescan, I will just not do it, I will keep whatever addresses I've used so far in the Electrum wallet. Im not going to spend ages importing my addresses to be honest, I don't have that much money in segwit addresses to bother.
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Trying to prepare and plan for Core v0.16:
Will wallets (including GUI wallet access) permit mixing different address types, or will the wallet itself have a "type"?
We count 3 address types for pay to (some sort of) key hash: Non-Segwit "1" addresses, Segwit "3" addresses, Segwit Bech32. It would be an easier transition to keep all in one wallet. We try to avoid sweeping (unnecessary fees, coin merge, blockchain bloat).
Thanks in advance for any tips on how the new Core will handle this, and the best strategy to use it.
I think I or someone else asked something similar, and the answer I remember is that from now on the default address creation will be the addresses that begin with "3", and also there will be no multi-wallet support, it will be the same wallet. So you will see in the list of recieving addresses, legacy addresses, nested addresses and bech32 addresses all mixed, which I find annoying because of X reasons, including the one you mentioned (I don't want to mix my legacy addresses with segwit addresses). I thought they were going to give us multi wallet support to be able to have a segwit wallet and a legacy wallet and keep things separated. So if you want to keep everything within the same wallet it must be good news for you. I will need to keep 2 wallets, keep the old one and then make a new wallet.dat for segwit. |
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If your mainboard still allows to add RAM, that could be a relatively cheap fix. My PC was suffering with 4 GB, and it works very nice again with 12. Ever since I upgraded I've been saying I should have done it sooner.
I noticed Chromium browser starts consuming more RAM if I leave it open for a week, so once in a while I restart my browser. With Chromium, Firefox, Virtual Box and Bitcoin Core running, it's now using 5.6 GB for applications. There's another 5.9 GB in use for buffers and file cache. I don't use a swap partition.
I've never increased the database cache size in Bitcoin Core, it's set to the default (300 MB). Any other caching I leave up to my Linux kernel, which is very good at this.
You use Linux under a windows virtual box VM? Why don't you just try it? Install it, turn on Bitcoin Core, don't load anything else, and let your PC crunch for a day. It might be done already. Yeah I will, but like I said before, im going to do it under an old computer, most likely some sort of lenovo laptop which can be librebooted, so it's going to be slow, no way it will be done for a day, most likely a week of non stop downloading+processing... it's the world we live in at. Modern computers aren't safe at all for bitcoin. As paranoid as I am, IME isn't something I worry about amongst all other possible risks.
IME is a nightmare for any bitcoin user. I wouldn't store private keys on it at all. Maybe, to run a node in which private keys are never seen.. but that's about it. Ideally, you don't want the IME bullshit on your bitcoin stuff. Hopefully, we will be able to get rid of IME on modern i3, i5 and i7 computers soon. I remember reading they were rather close. |
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It just shows that people who are in the technology industry such as this guy, Bill Gates, etc are bullish on bitcoin; opposed to opinions of people in the sort if "investing" industry like Warren Buffet and Jordan Belfort. There's really just some things that non tech-savvy people can't understand.
It's a positive thing that they are acknowledging reality, but I don't consider them being anything but opportunists to keep selling videocards, not necessarily bullish. If they really want to help, they should enter the mining game to compete against the Bitmain scammers with proper mining devices. Same goes for Samsung. Get your own devices for mining (real devices, not stupid gaming cards) and then I will consider they are serious about crypto. I believe eventually we will see all of them (Samsung, Intel, Sony, AMD, Nvidia.. you name it) with competitive mining gear and chinese scammers will no longer have a monopoly, until then it's all talk no walk. |
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What they "claim" is irrelevant. Most people you see on these advisory boards and team member pages are most likely fake pictures from other people, fake names... anything goes to make a project seem legit in order to get as many noobs as possible involved to steal their bitcoins.
Bitconnect had some real people promoting it too, I mean just look at that Carlos guy which turned out into a meme. There can be a mix of real and fake people to confuse investors.
In any case, any "guarantees" in financial terms should make your scam alarms go on.
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It would be foolish to think there is no relationship between them but to what extent is a difficult question to answer. There are only limited funds in the world and so if money is flowing in to one of the stock market or the crypto market it cannot be going in to the other. In this situation many would argue money will flow out of the stock market and in to the crypto market but I'm not personally convinced there will be a big redistribution of investments.
The correction on Bitcoin started way earlier than the correction on the Dow Jones. It's rather simple... we went way too high, too fast, and it was going to correct sooner or later. Unfortunately, Bitcoin didn't rebound the same day the Dow Jones went down, since we still had inertia from the bear trend. Now that we've bottomed (or so it seems) we could start watching Bitcoin do really well while a possible massive correction on the stock market has just begun, but people still think it's a small dip due the great performance since Trump entered the Whitehouse... we will find out in the near future, that is 2 years, and by 2 years Bitcoin may be ready to kick ass and take over. If you look at the Dow Jones' chart since 1980, a correction would look pretty good on that graph, one similar to 2008 if not worse, then it will be time for Bitcoin to shine as an asset that's neutral to nation states. |
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I would like a website in which you can enter a public key and it will tell you all of the forks in which you are holding money at, mostly because it's impossible to keep track of the money you have as a bitcoin holder anymore, since new forks are created everyday but anyone with a normal life is not able to keep track of a million forks and add in yo0ur protfolio whatever amount of BTC you where holding at a particular time. Ideally you could enter all of your public addresses in batch and it would tell you the total amount of BTC you have including all the available forks. Just an idea. I assume this program does something similar but I would like it website format. If you use Tor to access it you wouldn't need to worry about privacy (linking your public keys to your IP, and it still it wouldn't mean one holds them).
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Properly secured Windows (except Windows10) computer is unbreakable. Even for NSA. Why? Because a 0-day in network stack or network card drivers is only way to hack it. Manually install all security patches. Disable all auto updates. Disable unnecessary services and configure firewall to reduce attack surface. It is it. I challenged to hack my Windows 7 or Windows XP machine to steal all my coins back then. Nobody succeeded. In such case the NSA/CIA/FBI will try to get physical access to machine to install malware or read disk contents.
It is ridiculous how paranoid some Windows haters are. They obviously never been hackers themselves and also dont know how police and spy agencies do things.
More notable thing that probably nobody noticed is that Satoshi's hard drive was using NTFS compression, most likely on whole partition. This is very untypical to have NTFS compression enabled on whole partition upon manual formatting.
Doesn't make sense to me. In order to be sure that something is not hacked, you would need to at least know what the code is doing. Sure this doesn't mean that Linux isn't hackable, everything with code is, but my point is.. how do you even know what updates to enable and what other updates to ignore? Updates are packages of closed source code. You are trusting to believe what it says on the description but you don't know what you are actually installing with each update, one of these updates could contain a backdoor for the NSA or something. You can block ports with a firewall, but that's about it. A keylogger that's embedded in a file that is part of the OS would go ignored by firewalls for instance. For example, imagine that the reporting tool in windows which is just an exe, sends a text file with keystrokes to someone... how would you even notice if you can't see what Dw20.exe is doing? (or any other closed source executable for that matter). |
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📉 -48% January 2018 Korea FUD. from $19700 to 9500
This part I don't agree with. At the moment the market reached near $20,000 (which was purely driven by the hype around the future markets), the CME Group went live with its futures platform, and at that direct moment, gone was the hype. Don't forget that the market increases in advance of whatever happening most of the times, and that in combination with the market being near the important $20,000 level, and already in heavily overbought state, it was almost a guarantee that the market would correct significantly, and that without fud. The only thing the South Korean fud did, if it had an impact on this market at all, was giving people more incentive to start selling. People for some reason always think something bad happened when the price is going down, and that wile every market experiences phases where profits are being taken, and that without any reason. If the market is overbought, and you are in the green big time, you sell, it's that simple. We have to accept that the majority of the people don't care about Bitcoin at all, and just want their profits. Im not going to feel comfortable calling the $5900 the definite bottom. It's going to need to hold above $10,000 for a while, then I will be able to consider a $5900 price the bottom easily, not until then. Ideally, we want a flat nice (flat in bitcoin terms, that's a trading zone of $10,000-$12,000 ish for a month or so) then a breakout. As long as we can stay above $8000, we can aim for that, then the new FOMO will begin as the market understands the days of 4 figure per coin are over. It is still not clear to me about futures being relevant in Bitcoin at all... why pay attention to some numbers which hold none of the underlying? I certainly never look at futures. |
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Windows is closed source! C'mon man. Would you use a closed source currency? nope, same goes for the operating system. Why would you or anyone with a functional brain use an OS that's closed source and holds your private keys at any point in time? that goes against the very principle of cryptography and satoshi used it to develop bitcoin which is hilarious, but I can understand how if that was all that he had to develop it's better than nothing. But I wouldn't feel too safe holding 1,000,000 BTC in a windows machine that was online at any point in time... not a very good idea. I know that Bitcoin wasn't worth anything back then, but he was still around in in late 2010 when the price was around 30 cents, 30 cents x the supposed 1,000,000 BTC = that's $300,000, a decent amount. I hope he moved these coins from the initial windows online computer, but we know he never moved his stash so...
Well. One thing is - I believe, that he could have mined his coins later on in the development, let's say in first 1000 users of the bitcoin. This way he would still get his mnoney, but he would never have to touch his "original" wallet. Another possibility is that he never minded the money. May be he is already dead from an old age by now. And the windows - as someone above noted: he could want it to be able for use by everyone, not just linux geeks, I believe these days Linux is much more available and common, than before. I don't get it. In the early releases the mining client was the same as the wallet client because satoshi's idea was that everyone could be able to mine, so this means that the biggest bulk of coins was mined with whatever initial software was availble which again was also the wallet. This means 1) The computer was online 2) The computer was running windows When was the first linux ever release? Some guy here said 0.2 I think... I wonder what amount of coins got mined by then? So unless im missing something, a big chunk was mined in an online windows computer which means a compromised computer. |
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I have left my computer on all day and I have finally reached 8 active conections and it's back to downloading at a more reasonable rate (0.22% per hour), still very slow.. but that's as good as it gets I guess.
I have an HDD, not SSD. Also my "size of database cache" is 300MB in the GUI, which was the default I think.
Try increasing your DB cache, if you have the ram. The rate increases by an incredibly amount once you increase it. Mine was about 0.3%/hour and it went to 5%/hour. The only side effect is that more of your ram would be used but otherwise, its a pretty reasonable tradeoff. Im using 4,78 GB right now with Firefox opened, a bitcoin wisdom tab, a youtube tab, a couple of forum tabs, Bitcoin Core opened and Open Calc opened.. How much did you increase your DB cache from? just to get an idea. I don't want to put it too high and have my computer freeze. A node with a linux computer running lubuntu would be ideal. Windows 7 alone takes a ton of ram. Lubuntu takes a ridiculously small amount of RAM, I would have so much free ram I could have huge db cache values, but still, the computer would need to be an old 2008 computer otherwise you would be using a compromised computer (Intel Management Engine)... I guess I could use SSD for a node since I wouldn't be storing private keys in an online node. Hopefully the smart people find out how to remove IME from the modern CPU's, until then we are stuck with pre 2008 ones. |
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Maybe you are losing connections due to your firewall or even your ISP blocking connections.
I seriously suggest installing Linux, you will not need antivirus software then and your bitcoins sure would be a lot safer.
When you are using your computer for transacting and storing money, I really don't think it is reasonable to use Windows.
I don't use Windows to store private keys, it's just where I had my node originally, and I have been delaying setting up a Linux node, mainly because it will be a nightmare syncing the entire blockchain from scratch and I keep delaying it... but sooner or later i will need to do it. I have left my computer on all day and I have finally reached 8 active conections and it's back to downloading at a more reasonable rate (0.22% per hour), still very slow.. but that's as good as it gets I guess. I have an HDD, not SSD. Also my "size of database cache" is 300MB in the GUI, which was the default I think. |
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Seriously, at the moment we entered 2017, the market was hovering under the $1000 level, and my personal target was to see Bitcoin be worth $3000 exactly one year later. Even at the lowest point of the recent correction (which was slightly below $6000), the market has still greatly exceeded my expectations. My current target for exactly one year later from now is $25,000, and everything we end up gaining more than that is a bonus for me. The most important thing is to remain realistic with your expectations, because the peak that we experienced didn't reflect the value of the market. $20,000 was waaaaay overvalued, and bound to come down big time, and it did. The only right thing to do at that point was cashing out profits and re-enter when the market corrects. If you bought at such levels instead of selling, you're one of the get rich quick baboons this market is infested with.
Common sense basic facts that should prevent you from buying at that point;
1) we were very close to an important psychological barrier (i.e $20,000).
2) we were only going up that high because of the speculative hype regarding the future markets.
3) the market was in a massive overbought state already.
At the moment CME entered the game, there was no speculative hype to sustain anymore, and boom, the market went towards the South.
But the thing with bubbles is, we could have never known where the top is. A lot of people sold at $10,000 thinking that was the top, but it went to $20,000 It could have gone way higher, and the higher it goes, the more hardcore the fall will be, granted, but also the highest the floor will be in absolute terms. So if we hit $40,000, the psychological floor would be formed way higher than the $5900 one which is the current one. So the moral of the history is... holding through the bubbles and not selling (doing nothing) is as valid as trying to time a top and selling. Fundamentals are all that matter and they are solid. Fiat continues deprecating on the long term, im not falling for short term market noise to shake out my bitcoin position. |
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Indeed but notice that in the older screenshot, I was able to manage to download 403 MB, on this take, I was able to download 31MB. Unfortunately I cut the image a bit so you can't see the downloaded amount but just look at the green spikes, they are now narrower. I always leave my node syncing for the same amount of time because I leave it on when I go out and im doing other tasks. In the same time frame, I was downloading 400MB, now 30MB, the situation is getting worse, and I only manage to connect to two peers, on the former screenshot I was connected to 9 peers I think. I will never be able to sync at this rate. My HDD and CPU are the same as it was a month ago. then:  now:  |
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Can't blame people to risk money into something they don't fully understand. There'd be naysayers and doubters spreading FUD and fear while you are quietly building profits on your arsenal. It also became a lesson to me, when every push to $300 are regarded as 'dead cat bounces' by permabears, it's a sign that you should wait for the price to go down again and buy as many as you can. Made a decent stash by waiting on weekends to buy cheap coins and profited more than I could imagine. The thing is, when these bears are spreading FUD and fear, that is the time to buy when everyone else is selling their hard-earned bitcoins.
I just have the feel that im surrounded by people that joined Bitcoin in 2017. I can't stand all these complete morons on Youtube making videos about Bitcoin with their obnoxious thumbnails. It was way better when it was underground, but I guess this is the world we live in now, and thanks to these idiots panic selling, we'll profit buying the dip and taking their cheap Bitcoin away from their hands, which they never deserved to own to begin with. I researched enough to feel confident about getting involved in the middle of a crash, but these people are clearly jumping on the bandwagon for no reason other than internet traffic. I can't wait for the next ATH, I'll add them to my collection of people that were wrong. Im making a nice folder filled of screenshot. I got many from back in the MtGox crash period. |
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Nullius and DannyHamilton are spot on.
It's sad that people are getting bamboozled by malicious disinformation on this subject.
The _exact_ same thing protects segwit outputs from being stolen by malicious miners as any other coin: Following the rules is part of what _defines_ mining. A miner that steals an output hasn't mined as far as nodes are concerned, their blocks will simply be ignored (and the peers relaying them eventually banned).
Segwit is no different from any other consensus rule in this respect-- other than some were introduced later than others, but many have been introduced over time.
We didn't see these same sorts of malicious FUD with P2SH though it was exactly the same-- I guess because back then felons hadn't figured out how to monetize that sort of confusion.
Indeed, the Bcash scammers finally found a way to get money out of it, BUT there are groups of people not selling a shitcoin, an ICO or any other monetizable product whatsoever, which also think segwit poses risks, for example I remember this log from MP that someone posted in the bitcoin classic thread: thestringpuller: cause there is no way TRB will ever enforce segwit, so there is no way it can ever truly verify a segwit output was spent "legitimately"
mircea_popescu: thestringpuller the derp in question can just spend again normally and his coins will be visible.
mircea_popescu: trb has no notion of "coin history". nor should it. because taint is not a thing.
thestringpuller: gotcha. just never have anyone spend to your from a fake address.
mircea_popescu: moreover, there ISNT, in general, and for very good reasons, a way to verify segwit crapolade.
mircea_popescu: which is what it aims to be, a sort of "let's dao bitcoin"
thestringpuller: TMSR rule of thumb: "Never accept non standard transactions" ?
mircea_popescu: pretty much.
thestringpuller: gotcha. thanks for clarity. mod6 ^^^ nvm question has been answered.
mircea_popescu: but this said, yes it is deeply irresponsible for anyone to use prb clients. this doesn't just mean 13, or 12, or 10. ANY of them.
mircea_popescu: they keep adding shit, but it's been shitsoup for years now.
mod6: thestringpuller: np.
mod6: if we needed to add code everytime these gnomes comeup with a new crapolade, that's all we'd ever be doing.
thestringpuller: i just don't want them to add something in a "fork" that allows TMSR to get scammed.
thestringpuller: but I think at that point BTC is dead
mircea_popescu: and in other lulz, ro chicks trying hard :http://fabulousmuses.net/2016/06/marina-yachting-summer-trends.html
mircea_popescu: mod6 the main concern is that their bullshit will "accidentally" start fabricating coins.
mircea_popescu: nevertheless, we're not making the mistake of introducing coin taint, under any name.
BingoBoingo: thestringpuller: From what I understand Segwit to a normal 1xxx adress requires a signature in the blockchain so when segwit stops being miner enforced the recieved transaction would still be, even though it came from freemoneyshitsoup.
thestringpuller: BingoBoingo: AHA!
mircea_popescu: yeah, except the next stop is for shitsoup to put out more coins than it got in.
thestringpuller: elaborate?
mircea_popescu: you been watching the dao thing ?
mod6: <+mircea_popescu> nevertheless, we're not making the mistake of introducing coin taint, under any name. << totally agree.
mircea_popescu: segwit is EXACTLY "dao for bitcoin".
Im not too familiar with this but apparently MP got a lot of bitcoins, and these guys are not trying to scam anyone with shitcoins (forks included) and as far as I understand they are trying to do what's best for bitcoin, so I value their opinion on the matter. I would like to know what you think and why there are big discrepancies with Core, because these must be real technical reasons, since again, they aren't selling their own scamtoken, as Roger and co do. |
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Are you fuck*ng kidding me?
I started getting into Bitcoin when it was like $750 bucks, it crashed all the way down to $150 coming from the peak of $1200 ish on MtGox... everyone was saying it was dead, but the more I read about Bitcoin, the more it became OBVIOUS to me that Bitcoin was extremely cheap at $1200, and obviously at $150, when all the idiots were claiming it was dead. Now we are once again experiencing exactly the same situation. Bitcoin's technology keeps evolving, everything keeps getting better, but all the noobs get distracted by fake news, fork this fork that... sad to see, but this gives us smart money the possibility to accumulate more before floor becomes 6 figures.
Anyone not accumulating Bitcoin under 5 figures a coin is completely insane. We will revisit this thread in 2020 for some perspective and time will put once again everyone where they belong.
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Well, back than windows was at it's best - that's a very simple answer. If windows would not become that bad, I would not switch to Linux.
Now I'm on Linux for over two years and not even once looked back. But Back than - yea, Windows was the key.
Can you tell me what do you mean when saying windows was at it's best? Depends on what are you looking for. For games, graphics and for almost everything, windows was and is still the best. But here we talk about bitcoin which is known for it's decentralization (currently not decentralized for me as it has to be) and privacy. Windows isn't for privacy, only winner here is Linux. Seems answer is his lack in knowledge of linux platform. Windows had no real privacy issues until Vista upgrade, really. But you could be right, may be he did not know any better. Windows is closed source! C'mon man. Would you use a closed source currency? nope, same goes for the operating system. Why would you or anyone with a functional brain use an OS that's closed source and holds your private keys at any point in time? that goes against the very principle of cryptography and satoshi used it to develop bitcoin which is hilarious, but I can understand how if that was all that he had to develop it's better than nothing. But I wouldn't feel too safe holding 1,000,000 BTC in a windows machine that was online at any point in time... not a very good idea. I know that Bitcoin wasn't worth anything back then, but he was still around in in late 2010 when the price was around 30 cents, 30 cents x the supposed 1,000,000 BTC = that's $300,000, a decent amount. I hope he moved these coins from the initial windows online computer, but we know he never moved his stash so... |
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I was in the 2013 MtGox war, that was a real war, not the current one. We only had a single exchange, everything was obscure and not much info was available, it was hell.
This is nothing, youngsters don't know what real pain is. I took a 90% loss and held through the years. We are trained, disciplined and ready to kick ass. We will hodl through this while accumulating. All the idiots that saw Bitcoin in the (fake) news are clueless and will get killed and we will once again take their wealth and remain victorious.
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