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Author Topic: 10 recent posts that might deserve a merit  (Read 230 times)
junoreactor (OP)
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January 31, 2018, 07:59:17 AM
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Hi folks,
Below is a list of recent posts that I believe deserve at least a merit:


https://bitcointalk.org/index.php?topic=2081765.msg27001835#msg27001835
What are the basic requirements for developing a blockchain?
Quote
1.Know  basic commands line code (C++).

2.You will need to access your computers console.

3.Invest in a book called Mastering by Andreas Anasopolous this man has a wealth of knowledge and YouTube videos and an online class at the university of Nicosia.

4.You will also need Git Hub there's lots of chain codes there.

5.Remember there are different kind of blockchains for example Ethereum is different than Bitcoin and say Open Ledger is an exchange but also a community and you can create coins in there if you can figure it out.

6. http://davidderosa.com/basic-blockchain-programming

7.Go to http://bitcoin.org there is lots of resources there you will need and say http://bitcoin.com/en/development there you will find developer communities and be able to get advice from other Dev’s along your way.

8.Read all about it and practice with yourself alone with the Internet dev peeps.


https://bitcointalk.org/index.php?topic=2830539.msg29176714#msg29176714
What is the biggest problem for crypto.
Quote
One issue that I think is a serious challenge for crypto, as far as wide spread adaptation is concerned, is some type of error-correction. Not necessarily an error in the system, but human-error.

Its one of the things that conventional systems have in place that bitcoin really lacks. I've only been using bitcoin since 2013, and to be honest I still get a bit of a panicky feeling every time I send coins out. "What if I used the wrong address? What if I'm being ripped off? What if the transaction gets stuck? What if there's a new zero-day exploit which drains my cold addresses (yes... I even worry about my cold addresses [ https://lbc.cryptoguru.org/trophies ])?"

People make mistakes. I am fully aware, and really support the 'non-reversibility' of bitcoin, but this issue has been in the back of my mind for quite some time.

I've sent coins to an incorrect address. I think those of us that use bitcoin willingly accept these risks because we understand the alternatives, but I don't think I could live with it if it was inherent in every financial transaction I made. I would hate to worry about my whether my utility payment was successful every month. Or my car payment, or mortgage. The concept of mis-sending, coupled with irreversablity is really quite unnerving.

I have lost coins in exchange melt-downs, and have also come to expect a certain amount of successful theft in crypto. If something is wrong with a product I've purchased, I am left to the judgement and honesty of the vendor. The concept of purchasing with bitcoin but having no way to recover coins if I have been a victim of fraud is also quite unnerving.

Over the years I have noticed this problem attempting to be addressed, but what I'm seeing is yet another form of banking. Escrow providers were one of the earliest that I saw. We are already experiencing the horrors of mining power becoming concentrated. What would the landscape look like if escrow became big business? What if "bitcoin insurance" came into being (sort of an FDIC for bitcoin)? Coinbase wallets are very popular, with many users of it unaware that they don't control the coins in that wallet.

I've spent a good deal of brain-power ( of what little I have ) thinking about this issue, and every scenario I think of involves some entity wielding huge amounts of power and trust, which rarely continues with both surviving. I am sure this can be addressed in some fashion, but I really am concerned about what that solution would look like. I have a fear that the solutions that actually get adopted (by a huge number of people missing the whole point of bitcoin) could kill the very strengths of bitcoin as a system.

Can the system be safe for people that are non-tech, non-crypto savvy?


https://bitcointalk.org/index.php?topic=2854488.msg29290221#msg29290221
I received 68 bitcoin from a random address. What should I do?
Can't you just sent it back to the address that sent it to you? Maybe try only a portion first then the rest if everything goes through smoothly. Good Karma always pays off in the long run.

do NOT do this!

first of all i am skeptical about validity of this claim by OP because "accidents" don't happen with bitcoin, it is not like changing one character of an address to another character and ending up with someone else's address.

but if we assume it is true, you should never send back what you have received because the sender may NOT have access to that address anymore and you practically will burn those coins. it may be an exchange address that they sent it from, maybe a web wallet like Coinbase which sends from random addresses not the address sender owns. or it may be a sweep of a paper wallet that the owner threw away after sweeping and no longer has the private key.

instead, to send back you first ask for a signed message from the address that sent you the coins then ask for an address to send the coins back to. it can be the same address or a new one but you have to ask and also check that signature first.


https://bitcointalk.org/index.php?topic=500.msg25381360#msg25381360
Total bitcoins limit
Quote
The max supply is realized by a process called 'Halving' it simply does what it says it halves the reward for mining a block. At the very beginning this reward was an amount of 50 BTC, after 210.000 blocks were mined this reward halved to 25 BTC. It happens every 210,000 blocks, which is equal to about 4 years when you assume that blocks are mined every 10 minutes. The current block reward is 12,5 BTC, approximate mid June 2020 the reward will halve again to 6,25 BTC. More information including a countdown timer can be found on http://www.bitcoinblockhalf.com/ .


https://bitcointalk.org/index.php?topic=2738207.msg28002216#msg28002216
Sending BTC from Bitcoin Core and Claiming BCH
I have BTC in Bitcoin Core, have never claimed BCH. I tried the Coinomi method and it did not work to claim the BCH.
What exactly did you try? And why did you try this already if you still need to move your Bitcoin to a new safe address?

These are the basic steps:
-move all your Bitcoins to a new address
-export the private keys to the Bitcoin addresses that held your coins at the moment of the fork
-sweep the private keys into Coinomi, do this for Bitcoin Cash, Bitcoin Gold and Bitcore


https://bitcointalk.org/index.php?topic=2802975.msg28761511#msg28761511
LN : Question on scarcity of coins
The Lightning Network will encourage this, but in a different scenario, because people will fund channels to reduce fees on micro payments between them and a merchant <like Coffee shops> that they use regularly.

That type of user won't likely be sitting on any blockchain bitcoins at all.

They will get an account at an exchange to purchase bitcoins.  The exchange will open a channel with them, with the exchange funding the channel with some amount of bitcoins and the user funding the channel with 0 bitcoins.

When the user requests to "withdraw" funds from the exchange, the "withdrawal will just be a lightning channel transaction to the user.  Those funds will be in the refund transaction INSTEAD of being on the blockchain.  This makes the funds no more or less "out of circulation" than if the exchange had sent the funds to the user with an on chain transaction.

The merchant wants to be able to sell bitcoins when they receive them.  Therefore they will open an account at an exchange. The exchange will open a channel with them, with the exchange funding the channel with some amount of bitcoins and the merchant funding the channel with 0 bitcoins.

If the exchange used by the merchant and the exchange used by the user are two different exchanges, then the exchanges will all most likely have channels open between each other funded on both sides with amounts that are calculated based on the net daily transfers between them.

Now when the user wants to pay the merchant, a route is established from the user back to the exchange where  they got the coins and from an exchange out to the merchant.  The user doesn't need to open a channel directly with the merchant. That would be a hassle for the merchant, opening individual channels with EVERY user that wants to buy something from them.

Now the merchant wants to sell those bitcoins, they don't need to close ANY channels. They just send the bitcoins that they JUST received form the merchant channel and send them back to the merchant over the same channel.



https://bitcointalk.org/index.php?topic=2765719.msg28245347#msg28245347
Bitcoin Core Wallet to Hardware Wallet
Is it possible to move my wallet.dat directly to a hardware wallet such as Tresor?  I am using Bitcoin Core and want to move my wallet off my PC to more secure storage.

Thats completely against the purpose of a hardware wallet.
Once your private keys were on an device connected to the internet (your current pc), those should be considered as possibly compromised.
The only way to guarantee a safe storage is to let the private keys be generated by your hardware wallet (which will never leave the device) and send your funds over.


Also, it is possible to access my wallet in Bitcoin Core without downloading the whole blockchain. My client crashed recently with a message that said "Error: a fatal internal error occurred, see debug for details" .

Not directly.
You can export the private keys / the master private key (starting with xprv..) and import them into another wallet (e.g. electrum: https://electrum.org/#home).
To export your master private key in core. Go to 'Help' -> 'Debug Window' -> 'Console'.
Then type in walletpassphrase YOUR_PASSWORD to unlock your wallet and dumpwallet FILE_NAME to dump your allet into a file.
Afterwards you can open this file with an editor and serach for 'xprv'. This master private key can be then imported into any BIP44-compatible wallet.


https://bitcointalk.org/index.php?topic=2800190.msg28641943#msg28641943
User-Friendly Lightning Wallets
Quote
Dear Bitcoin Community,

I'm hoping that new development on the lightning-protocol takes the shape of easy to use wallets.  The idea is that you want to make the most number of people be able to take advantage of being able to send many transactions (between one another) while minimizing block-write fees and transaction send times.

 
1) Opening a payment channel: A wallet address is inputted and a request to open an L-channel is sent by a new customer to a company that can approve it (this process should
                                               be as easy as it is now to send money with bitcoin). The receiving company through e-mail can tell the sender what channel to request opening
                                               and where to send the request.

2) Managing open payment channels: Once a channel-open request is granted by the receiving party, then this open channel is stored as a tab in the wallet, that can be used for
                                                       payment again later (and is saved as a simple graphical tab in the wallet).  In each tab you can see a list of all of the transactions and
                                                       where there's been a block-write.

3) Automating Block-Writing            :  Being able to automate block-writing settings for each channel. If you are a receiving party then you'd like to perhaps have your
                                                               balance be written every two weeks, or when the fee to write has dipped below a certain charge (by linking the wallet to mining-fee
                                                               scanners) or if the balance has exceeded a certain amount in the channel. Each channel could have a settings button that allows you
                                                               to set these parameters.

These are some initial ideas...hopefully these L-Wallets are developed in a graphically appealing way (ex. Jaxx wallet) and can be easily fit into phone apps.

Thanks for reading guys. Hope you find this interesting.
Mark


https://bitcointalk.org/index.php?topic=2723655.msg27932380#msg27932380
Blockchain with high speed and zero transfer fee
Quote
As far as i know, blockchain don't have capability to do that since all blockchain based cryptocurrency have block generation time to prevent double-spending (unless the merchant/receiver accept 0-conf) and fee is needed to combat spam which could bloat the blockchain itself (even though some cryptocurrency which block isn't full still allow zero tx fee).

Unless you can find blockchain based cryptocurrency which allow zero tx fee and their block isn't full (which means 0-conf is safe), i suggest you to use DAG based cryptocurrency such as IOTA, byteball and RaiBlocks.


https://bitcointalk.org/index.php?topic=2566140.msg26135961#msg26135961
Best Place for Programmers to Learn Bitcoin Altcoin algos

Quote
If you already know how the system works (blockchain, transactions, mining, addresses, fees, etc) you already have a good starting point. The best way to learn the software aspects of the bitcoin network would be to look it up on the internet imho. Here's the Bitcoin Core (official Bitcoin Wallet) GitHub code page. This wallet is open source so you can read their code and try to understand how it works: https://github.com/bitcoin/bitcoin.

However if you are a beginner in the BTC world I suggest you learn the basics of the system first. There are numerous sources you can use to your advantage, the first being the official bitcoin website: https://bitcoin.org.

Also check their "Developer Documentation" section: https://bitcoin.org/en/developer-documentation.



Any comment welcome. Thanks.
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January 31, 2018, 08:31:51 AM
Merited by LoyceV (1)
 #2

https://bitcointalk.org/index.php?topic=2081765.msg27001835#msg27001835
What are the basic requirements for developing a blockchain?
Quote
1.Know  basic commands line code (C++).

2.You will need to access your computers console.

3.Invest in a book called Mastering by Andreas Anasopolous this man has a wealth of knowledge and YouTube videos and an online class at the university of Nicosia.

4.You will also need Git Hub there's lots of chain codes there.

5.Remember there are different kind of blockchains for example Ethereum is different than Bitcoin and say Open Ledger is an exchange but also a community and you can create coins in there if you can figure it out.

6. http://davidderosa.com/basic-blockchain-programming

7.Go to http://bitcoin.org there is lots of resources there you will need and say http://bitcoin.com/en/development there you will find developer communities and be able to get advice from other Dev’s along your way.

8.Read all about it and practice with yourself alone with the Internet dev peeps.

Well, that first post by hopeAo which you cited is substandard.  It is poorly written.  It makes flagrant technical mistakes; since when is C++ a “basic commands line code [sic]”?  It mentions half the title of Mastering Bitcoin, but without providing any link for the book—as another user, pebwindkraft, had already done upthread!  Much of its other information is repetitive as to prior posts, poorly written, and/or technically wrong; does the poster even know what a “computers console [sic]” is?  “Git Hub there's lots of chain codes there”—seriously, that deserves merit?

I could continue picking that post apart, but I think I made my point.

It may be related that the thread was largely stupid.  It started with a uselessly vague one-line question by a self-proclaimed “Tactical Genius”:  “What are the basic requirements for developing a blockchain?”  The very first response by Fantum was the best (“First off, not having to ask that question.”).  Some of the other early responses were of reasonable quality.  But the thread generally was trash.  I myself saw that thread repeatedly pop up; I ignored it.

(As the cherry on the sundae, the thread contained two spam posts which I just reported.  Thanks for drawing it to my attention.)

Any comment welcome. Thanks.

Well... you asked.

I did not look at your other selections.

junoreactor (OP)
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February 04, 2018, 09:33:30 AM
 #3



Well... you asked.

I did not look at your other selections.
No worries, this selection was made to be discussed. Too bad you did not read the rest, I am sure some of these posts deserve a merit, but fair enough and thanks for taking the time to read one.
If anyone else can have a look, please feel free to do so.
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February 04, 2018, 12:44:32 PM
 #4

I think it is good that you are spending time reading the forum posts, and I see that the fist one that I clicked had received a merit from me ( and nobody else ), so I guess I agree with your judgement. Smiley

I think it is sad that posts now have to find sponsors in order to gain merits. It would be much better if they could earn merits without this, but it seems that the spamming and obfuscation is still preventing this.

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