Since mnemonics are a direct mapping of binary data to common, memorizable words you can theoretically encode any digital file as mnenomics. So, sure, I guess?
I'm not sure where the benefit would lie over extended mnemonic phrases though.
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Honestly I'd be more annoyed than having my interest piqued if I received thread-alert like emails on a regular basis. This would get Bitcointalk on my blocked list rather than me returning to the forum. I'm sure many other people feel the same.
I do believe a mass mailing for special events, like the upcoming 10th anniversary, would be fine though.
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Now I think here the biggest problem you would be facing is whether to declare your complete income or not. I am not advocating income concealment but mining income until realised into fiat or transferred to some exchange where you have KYC can't come in the eyes of department.
Incorrect. Well, it depends on where you live. In Germany, Austria and the UK for example, mining income is taxed as income based on the fiat value at the time of mining. So essentially it's taxed like any other work where goods are produced or services are provided. The fiat value at the time of sale is irrelevant in this case, although capital tax in case of asset appreciation may still apply, depending on where you live. For reference: https://www.gov.uk/government/publications/tax-on-cryptoassets/cryptoassets-for-individuals#income-taxhttps://www.bmf.gv.at/steuern/kryptoassets_besteuerung.html (German only)
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*timestamp - seconds from 1 January 1970 with accuracy to two hours (Idk which Timezone is correct)
UTC, which is identical to Zulu Time (UTC+0) https://en.bitcoin.it/wiki/Block_timestamp*Merkle root - If I do not mine in a bitcoin client, how can I know the correct current merkle root?(I read that each client has a different merkle root)
The merkle root is derived from the transaction ids to be included in the block you are trying to mine. Here's a code-based example, I hope this clarifies a bit what is happening: https://bitcoindev.network/calculating-the-merkle-root-for-a-block/
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Some would say that Ethereum is better, it is definitely faster and cheaper than Bitcoin. And then one beautiful morning CryptoKitties come along and they create unseen congestion on the network and havoc for the Ethereum blockchain.
That's the problem with most alts and scalability. They scale really well... until people start using them More on topic, don't mistake old for obsolete. People might buy new smartphones on a yearly basis nowadays but in the end all these devices run on software that's already decades old.
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In Schweden herrscht auch absolute Einkommenstransparenz; insofern dürfte die Schwelle zur Abschaffung schwer-überwachbarer Zahlungsmittel geringer sein. Im deutschsprachigen Raum sind wir davon glaub ich noch weit entfernt.
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bares kann man nicht so ohne weiteres abschaffen; auch wenn regierungen das bargeld entwerten, die menschen werden sicher eine alternative brauchen und finden. kryptowährungen sind m. m. n. keine richtige alternative, denn es ist nunmal digital und verbraucht diverse ressourcen (strom, netz...). Kommt glaub ich zu einem großen Teil auf die jeweilige Gesellschaft an. zB. in den USA gab es in den letzten Jahren vor allem von Seiten des Einzelhandels eine zunehmende Bewegung hin Richtung cashless-only was für den Großteil der Kunden anscheinend kein Problem war. Interessanterweise scheint da aber ausgerechnet von Regierungsseite zumindest auf Staaten-Ebene Gegenwind aufzukommen: https://www.cbsnews.com/news/san-francisco-to-ban-cashless-stores-saying-refusing-cash-harms-the-poor/gold und silber (und von mir aus diamanten) waren und sind in meinen augen immer noch die besten zahlungsmöglichkeiten untereinander. natürlich wird es über entfernungen schwierig - schließlich kaufen wir ja viel übers internet... hmmm... schwer schwer hier eine alternative zu kreditkarten und bankkonten zu finden.
Naja und Fungibilität Auch wenns Style-Punkte bringen würde mal paar Krügerranden springen zu lassen oder einen Beutel Diamanten auf den Tisch zu legen.
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The original key pair can be an implementation of a quantum ‘safe’ signature (e.g. Lamport signatures). So the attacker knows that if they mange to get their fraudulent transaction published, it will just be replaced with a transaction that is much harder to forge, so it is probably not worth trying. If at this point the currency supports quantum-resistant signatures, why use them only for the failsafe transaction? Wouldn't it make more sense to just use quantum-resistant signatures from the start and skip the whole key-chaining / timelock part?
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I'm more interested in whether Bitcoins that are sold at auctions are 'dirty'? As I understand it, these coins are seized from scammers or something like that
Since the coins have been confiscated they are by definition "dirty", otherwise I guess they wouldn't have had the legal basis for seizing these coins (unless we're talking bankruptcy cases) Either way you'll be able to prove that you've bought the coins at the auction, making them "clean". Kinda silly, isn't it. I fail to see how auctioning the supposed dirty bitcoin's makes them clean, shouldn't they just be sold like any commodity instead of going through all this hassle since its the money they want eventually and I wonder if they are going to be sold at a reduced pricing since its "dirty" in the first place. Coins are "dirty" when blockchain-analysis show that they've come from a questionable source (eg. a known darknet marketplace wallet or a scammer's address). That means that if you try to sell these coins at an exchange that follows KYC / AML procedures you run at risk to have your account frozen or to have local law enforcement knocking at your door. You're likely to have to explain the source of funds which might not end well for you (assuming you're connected to the associated crimes). These coins become "clean" in that you now have a good explanation why these coins are linked to crime -- they were confiscated and you bought them at an auction as officially sanctioned by the government. Of course that's an oversimplification of a complicated issue (ie. fungibility), but that's the gist of it.
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I'm more interested in whether Bitcoins that are sold at auctions are 'dirty'? As I understand it, these coins are seized from scammers or something like that
Since the coins have been confiscated they are by definition "dirty", otherwise I guess they wouldn't have had the legal basis for seizing these coins (unless we're talking bankruptcy cases) Either way you'll be able to prove that you've bought the coins at the auction, making them "clean". Kinda silly, isn't it.
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Anyway, this is PoS, who need to buy this coin are those nodes, about 35 entities, not average users. Treat it as a much more transparent and better bank for BTC. I never talk about any coins and try my best to avoid discussions on altcoins.
So 35 entities with a fat enough wallet pay an entrance fee to a private organization offering an alt coin for the power to route the majority of Bitcoin transactions? As is that sounds like centralized off-chain transactions with extra steps.
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That's out of the question. Some people share their copies of the blockchain via torrent. It could be faster for you.
any idea how to share copies via torrent? Be aware that in general bootstrapping the Bitcoin blockchain via torrent is slower than downloading it via your wallet software: https://bitcointalk.org/index.php?topic=145386.0If downloading the Bitcoin blockchain is too much of a hassle to you, please consider using Electrum instead as suggested by ETFbitcoin and mocacinno: https://electrum.org/
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I want this thread to be a technical discussion, so I didn't post any link in case it maybe seems like an ad. I will PM you the github link.
There are incentives in the PoS, the nodes staking some coins and would be slashed if they did evil things.
But I don't want to discuss the general PoS drawbacks here, there are already many discussions about PoS security. We can just assume this PoS system is secure enough and discuss the security of the multisig and PIN system.
Define "some coins". What exactly is being staked by the PoS node? Is it Bitcoin? If it's Bitcoin, how are the stakers being rewarded if there's (1) no fees and (2) no currency issuance? Also please clarify how the transactions are being stored. Is it a blockchain that more or less acts as a side-chain to Bitcoin? Or a wholly different approach?
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Lol, its at £466, the idiots don't know they are not bidding on real bitcoin.
Later that day:
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I have a better idea.
1 board for Satoshi Identity. 1 board for every one claim to be Satoshi 1 board for every one trying to find Satoshi. 1 board for regulations 1 board for discussing about adoption of bitcoin. 1 board for discussing about anonymity and decentralization. 1 board for comparing bitcoin with banks 1 board for discussing whether should buy bitcoin now or not. 1 board for discussing effect of BAKKT on bitcoin price 1 board for comparing bitcoin with gold and stock market 1 board for prediction of bitcoin's price in 2020, 2021, 2022 and 2030.
I can add 100+ others too.
You forgot the board for posting threads about Quantum Computing killing Bitcoin. Additionally we need a board discussing why ${insert_altcoin} will replace Bitcoin in the near future. That one is tricky because it would have to get renamed every couple weeks or so. You could probably automate it with a weekly cronjob pulling a coin at random from CoinMarketCap's top 50 though.
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What do you mean cashback services?
If you mean cashback services similar to the loyalty programs that credit cards offer, I think there are a few legit services around, but I have no personal experience with those so I can't make any recommendations.
If you mean cashback services as in reverting a Bitcoin transaction -- that's not possible. Or rather, it would require an obscene amount of hash power and likely crash Bitcoin's price due to being a high profile attack. So if that's what the App is offering it's definitely a scam.
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chose any public address with an output spent (must have at least one output transaction ) i will easy extract the public key i learned this few hours ago Yes, that's because outgoing transactions from P2PKH addresses need to publish the public key as well, otherwise no one could verify that the transaction is valid. That's not "extracting the public key" that's merely parsing public information.
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can we go address > public key ?
What do you mean? Whether the public key can be derived from a P2PKH address? No. The public key is cryptographically hashed, which means it's been put through a cryptographically secure one-way function that does not allow for an easy reversal of the process.
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Would have participated if not for the lot size. Can't afford to bid for 0.25 BTC plus the deposit!
There's also a Lot at 0.1028 BSV maybe just go for that one! Any sources on where these coins came from? Have there been any major Darknet market busts in the UK lately? Or are we looking at the Queen's secret stash and she's become tired of hodling?
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