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1181  Bitcoin / Bitcoin Technical Support / Re: Sending bitcoin to multiple addresses at ones on wallet on: August 31, 2020, 11:36:23 AM
That means for 20 transactions, single payment 20 times in fee will be 20 times higher. But if I send to 20 addresses at ones, the fee can only increase 3 to 4 times due to the transaction size. This is still lower.

I think you misunderstood me.
Sending 20 single transactions with 1 input / 1 output each, costs 3-4 times more than sending a single transaction with 1 input / 20 outputs.

If you play with the site linked by Lucius:
1 input / 1 output: ~138 vbytes
20x 1 input / 1 output: ~2760 vbytes
1 input / 20 outputs: ~784 vbytes



What matters is the size of the transaction, not the actual amount been sent.

Correct.
And the size is determined by the amount of inputs/outputs and the address type (are you using legacy, multisig, segwit, ..).
1182  Bitcoin / Bitcoin Technical Support / Re: Sending bitcoin to multiple addresses at ones on wallet on: August 31, 2020, 10:17:51 AM
The overall fee you pay depends on the fee rate (sat/B or sat/vB) and the actual size (bytes or virtual bytes).
Fee [sat] = fee rate [sat/size] * size

A single transactions with 1 input and 20 outputs is at roughly ~800 vByte.
20 Transactions with 1 input and 1 output each, are roughly 3-4 times larger in size. And therefore the fee would also be 3-4 times larger given you use the same fee rate.
1183  Alternate cryptocurrencies / Altcoin Discussion / Re: I think I've thought of a new coin that it is completely private. on: August 31, 2020, 08:58:42 AM
I never understood how monero and zcash work and I don't know if they work that way, I highly doubt it.

Monero combines multiple pearls of cryptography, i.e. zero knowledge proofs and blind signatures to achieve the privacy preserving properties it has.
There are a few easier to understand articles on how monero works on the internet.

You don't need to doubt anything, it is mathematically proven.



The new coin will be like bitcoin. People will provide their addresses to get paid. Miners will mine for the coinbase. What is the difference with bitcoin? Blockchain.
Blockchain right now is a bunch of files anyone can read. A public ledger that is readable to anyone.

Addresses do not exist on a technical level in bitcoin.
And the blockchain is what makes it final and tamper-proof.

How are you going to solve this if not with a tamper-proof form of storage (e.g. blockchain) ?



I propose a new way of cash that would make transactions invisible.
The sender, instead of sending the structure of a bitcoin transaction to all the nodes can now send it encrypted with elliptic curve cryptography.
The receiver will provide the public key to the sender. The sender will encrypt it and then share it to nodes.

Encrypted for the recipient?
How will it be verified? Who sees the amount? Who checks whether the amount sent is indeed the amount received?
Who makes sure that i am not sending 1 coin to an address which receives 2? Where do the checks take place?


Now comes the hard part. How exactly can someone confirm that he has a coin? I'm not fully sure about this, but I think that by signing and verifying.

Signing and verifying? Like a chain of signatures?
You could define a "coin" as a chain of signatures (e.g. signed transactions), and then.. you would basically have bitcoin again.



I'm stuck at here thought. I'm not 100% sure that a coin like that could work.

It won't.
You can not create a trustless and decentralized system which is fully private or anonymous without advanced cryptography.
That's what zero knowledge proofs, blind signatures, etc.. are for.

You can not take the concept of bitcoin, change a few things without having any idea on how this can work (i.e. without having an idea on how "coins" and transactions are defined, verified, etc..) and expect to have a private/anonymous coin.

No offense here, but if you don't fully(!) understand how monero works, you'll never be able to create a concept for an anonymous coin.

1184  Bitcoin / Electrum / Re: Help with Electrum on: August 31, 2020, 07:38:25 AM
Actually there is no need in your Mac upgrade as you can send your Bitcoin via Electrum  which runs on Tails installed on USB stick.

Saying there is "no need" to upgrade an operating system which is no longer supported, is a bold (and dumb) statement..
And since you are already advising him to not upgrade his OS, there is no reason to use a bootable USB to run electrum instead of simply using a different wallet.

@OP
The best would be to upgrade your OS. You don't want to be using an outdated OS.
Don't listen to the people recommending you to not upgrade your OS. They literally have no clue what they are talking about.
1185  Bitcoin / Electrum / Re: Curious if many are using AppImage for Electrum as opposed to the full install? on: August 31, 2020, 07:28:52 AM
If others here have experimented with "parallel VPN" as mentioned above any thoughts to pass along would be appreciated.

Using a VPN for privacy is in most cases a bad idea.
Depending on the country you live in, it rather harms your privacy, since you are shifting the trust from your ISP towards the VPN provider.

You just have to estimate who you trust more with your data, your ISP or a VPN provider.
If you are not living in a legal vacuum (and not in the USA), the ISP most likely is the safer bet. You need to acknowledge that VPN provider make money with your data. And not only the free ones.

Additionally, a compromised tor exit node does not automatically mean that you are being tracked. This is a misconception some user on this forum have.
A compromised exit nodes enables attacks to track people via HTTP, but does not mean that you privacy is automatically compromised.
1186  Bitcoin / Hardware wallets / Re: Nano Ledger S Won't Turn On Help on: August 31, 2020, 07:11:04 AM
So binance would do that everytime? 

Definitely not. Especially not if it exceeds a specific (small) amount.
If someone gains access to their cold wallet, the funds are gone.


If that is case, wouldn't binance be best exchange to keep btc in if an exchange?

The best exchange to keep your coins on, is no exchange.
1187  Bitcoin / Electrum / Re: Unconfirmed balance. on: August 31, 2020, 07:08:34 AM
Actually there is...
[...]

To be honestly, you wouldn't need the screenshot to actually get that information.
Since his address is publicly known and one of those two outputs is very low compared to the other one, you can fairly confident say which most likely is the change.
Obviously this screenshot confirms it to you, but nothing more.

@OP
Don't worry too much.
The way you described it, there isn't much privacy you are compromising with this screenshot.
Most of the information which can be extracted from it, is already publicly known (or can be guessed).
1188  Bitcoin / Bitcoin Technical Support / Re: Error: wallet.dat corrupt, salvage failed on: August 30, 2020, 07:12:49 PM
Please answer my questions:

Did you download the tool and are you running it correctly?
Or did you just copy/paste a random command you found somewhere?
[...]
Also, did you create a backup (or better: several backups) before trying to recover your wallet file?
And the most important question: Did you buy that wallet file? If you indeed did, you got scammed.

And further, what exactly is the error you are encountering? Any error message?
You literally gave us 0 information.

Did you notice the pinned thread called [READ BEFORE POSTING] Tech Support Help Request Format ?
You might want to read it..
1189  Bitcoin / Bitcoin Technical Support / Re: Error: wallet.dat corrupt, salvage failed on: August 30, 2020, 06:40:50 PM
it could be corrupted or attacked by a virus

Probably not the latter one..

I have read several posts, can recover wallet
Code:
./wallet-recover corruptedWallet.dat recoveredWallet.dat
help me

What tool are you talking about? Did you download the tool and are you running it correctly?
Or did you just copy/paste a random command you found somewhere?

Which thread? You need to give us more information..


Also, did you create a backup (or better: several backups) before trying to recover your wallet file?
And the most important question: Did you buy that wallet file? If you indeed did, you got scammed.
1190  Bitcoin / Development & Technical Discussion / Re: 128 bits passphrase is enougth safe for online storage? on: August 30, 2020, 06:31:58 PM
GPG is not an algorithm.
So, it really depends on the cipher used.

Usually, for backups, you want to use symmetric ciphers (e.g. AES or CAST5, both were/are standards used by gpg under linux).

Encrypting a file (or data, generally) asymmetrically is rarely needed. What you usually do is to encrypt the data/file with a symmetric cipher and encrypt that symmetric key (which is way shorter than an asymmetric one) with an asymmetric cipher.
Symmetric crypto is way faster than asymmetric one.

To at least partially answer your question, the security of keys compared (by the NIST):

(source)

Bitcoin is using 256 bit EC keys. So, using AES with 128 bit keys is roughly as secure as EC with 256 bit keys.
And both are considered secure by the NIST (and the rest of the world). (Source: https://nvlpubs.nist.gov/nistpubs/SpecialPublications/NIST.SP.800-131Ar2.pdf)


Now, to finally answer your question: It depends on the algorithm. 128 bit AES is secure. 128 bit RSA is not.
You want to have a bit strength of at least 128 bit and you are fine.


However, the encryption is not everything you need to worry about. A few additional things would be:
  • Where is the decryption key stored?
  • Is your PC definitely not compromised upon encryption?
  • How do you generate the key (TRNG, dice)?
  • How has your seed been generated (TRNG)?



P.s. Even quantum computers won't break AES 128 bit. Fully functional quantum computers will reduce the search space from 2128 to 264 which is still far away from being broken / insecure.
1191  Bitcoin / Bitcoin Discussion / Re: Electrum update: A trader lost 1400 BTC on: August 30, 2020, 04:21:07 PM
I really don't feel sorry for this guy at all.
Storing that amount on an online wallet and not checking the signature when installing a wallet is more than just careless. It is extremely stupid.

And blaming anyone except himself just shows how irrational people can be.



So what´s the correct method to update electrum wallet? I might have few of the old ones in my old laptops and when ever i get them working again i was planning to go trough my wallets. But i am afraid of any automatic updates now.

There are no automatic updates.
Visit the official website (https://electrum.org) and download the latest version. Then, before installing it, verify the PGP signature. There is a How-to on electrum.org.

Verifying the signature ensures that you are using the version which has been uploaded by the developer and not a malicious one (e.g. from someone who might have hijacked the web server).
1192  Bitcoin / Hardware wallets / Re: Nano Ledger S Won't Turn On Help on: August 30, 2020, 12:37:08 PM
Because if so, well hardware or device go bad, then you are screwed? 

If there is no vulnerability to exploit, yes.
That's why a backup is always important.


But i really wished i sent the coins to my binance account a while back.

Well.. or you would have made a 2nd backup.
Since you created the backup.. why do you believe it is wrong? Without having any numbers, i'd believe this only happens in very rare cases.


I mean have there been cases of ppl get hacked on binance if they use two factor authentication?

It is not just about 2FA.
Ever heard of Mt. Gox?


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).

I was thinking about using a multimeter to measure the current flowing.. but your suggestion sounds a lot better  Grin Grin
1193  Bitcoin / Electrum / Re: Curious if many are using AppImage for Electrum as opposed to the full install? on: August 30, 2020, 12:32:32 PM
AppImage is easier to use for beginner, but full install provide you with some flexibility for power users (e.g. run electrum from terminal by adding it's executable to $PATH)

You can run the AppImage the same way you would run an installed version, for example by adding an alias at the end of the file .bashrc:
Code:
alias electrum='/path/to/electrum.AppImage'
1194  Other / Beginners & Help / Re: Trustworthy Free-Crypto Sites on: August 30, 2020, 10:58:52 AM
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.

Other than that, there are no "free crypto" sites. If there are, they definitely are a scam.
No one gives away free money. You always pay for that. It is just, that sometimes it's not that obvious (e.g. with your data / privacy).
1195  Bitcoin / Hardware wallets / Re: Ledger Nano X vs. Nano S on: August 30, 2020, 10:26:13 AM
I saw some codes discount on reddit.  But its hundred percent safe to use it right?

Yes.


Okay so with a nano ledger s, you always need a laptop with you to send the btc right?  

No, you just need a device to connect your nano s to via USB.
This can be your laptop, desktop system or an android mobile via USB OTG.


Now with the nano ledger x... you can always use it connected to a computer like with the nano ledger s right?

Yes.
The nano x does not only have a bluetooth interface, but a USB interface too.
1196  Bitcoin / Bitcoin Discussion / Re: How to overcome 'salt must be a byte string error'? on: August 30, 2020, 10:22:08 AM
What argument are you calling it with?
Do you provide the salt? If yes, how do you do that?


Does anyone know how the salt would be edited so it becomes a byte string
Use:
Code:
b'ThisIsABinaryString'


Providing the source coude would make it easier for us tho.
1197  Bitcoin / Hardware wallets / Re: Nano Ledger S Won't Turn On Help on: August 30, 2020, 09:58:20 AM
Hi well i can't wipe it because it doesn't turn on.

Well, are you sure that it doesn't turn on? Maybe only the screen is broken, but the device itself does still work?
Either way, hard to say.

I still wouldn't send in my nano (if this is even possible) without completely wiping it or moving my funds to a new wallet (with a new seed).



It would be an extremely bad idea if they facetime me or whatsapp or skype me on their phone and tell me the phrase right?
~snip~
But that is all a bad idea right?

Yes, all of that would be a bad idea.
The best would be to simply wait until you are back.

If you really don't want to wait that long, and you have a person you fully trust, let them encrypt the seed using public key crypto. Then any communication channel is fine.
Or you simply use a messenger which does that for your (e.g. signal). But keep in mind that both of your devices have to be clean. Yours and the device from the person you absolutely trust. If one of them is compromised, your seed is compromised. That's the huge risk.


Can't you just wait a week or two until you are back at home?
1198  Bitcoin / Electrum / Re: Electrum 4.0.2 - How to send my coin and how to choose fee? on: August 30, 2020, 09:52:36 AM
I noted your answers and will try to apply your tutorials for version 4.0.2 when I have to use it if the older version will no longer be used.

You would be better off using the latest version now, instead of later when you absolutely have to.
Keeping your software up-to-date generally is the recommended way to have all current features, more security and overall less bugs.

This doesn't only apply to electrum, but to any other software too. Especially your OS and every software handling sensitive information.
1199  Bitcoin / Hardware wallets / Re: Nano Ledger S Won't Turn On Help on: August 30, 2020, 09:25:17 AM
I, personally, would always wipe the device before sending it in to be repaired.
And if that isn't possible, i'd first create a new seed and move all funds there before sending it in. Just to be on the safe side.

Just check your mnemonic first. Either on a new nano or on an airgapped PC.
If it works, you are fine and can wipe the nano before sending it in to repair. If they turn out to be wrong, then you'll need to hope for the best when sending it in to be repaired.

Either way.. first check your mnemonic code.
1200  Bitcoin / Electrum / Re: Curious if many are using AppImage for Electrum as opposed to the full install? on: August 30, 2020, 09:20:42 AM
What problems do you have using TOR?
Is there anything specific or are you just asking for settings? It sounds like something doesn't work properly? And if so, something more concrete would be useful


Do you guys like and are you having good experiences with AppImage or would you go back to full install instead?

This is personal preference.
The AppImage file is larger since it includes all dependencies. It is a trade-off between storage space and cross system compatibility.
Both are fine. There is nothing wrong with any of them.
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