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Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
jbreher
on 05/10/2017, 22:44:28 UTC
To split your coins
On BTC chain you have some coins in address (A), you send your coins to another address you own (B), and include a further special recipient address 3Bit1xA4apyzgmFNT2k8Pvnd6zb6TnwcTi  to whom you send a few satoshis. (You have to use send to many option in your wallet, to send them at once).
Any transactions that contain this special address will be ignored by 2X miners.
Once this is successful, you will have your BTC in an address(B) you own.

IIUC, I would not employ this mechanism for my coins. The part that I have underlined seems to require full faith in what the miners will do. You have no a priori method of knowing whether that address will 'be ignored' by any miner.


Yes, it's a policy, miners could ignore the policy and include the transaction.

No, this is not correct. Transactions to that address are will be considered invalid by 2x nodes & miners; A block containing them would be invalid and not be built upon.

Only by miners that agree to implement this, and do not renege. What guarantee do you have that this will be the case? For that matter, what guarantee do you have that someone does not know the private key corresponding to this address?

I'm just trying to point out that there is at least one alternative method that a transaction originator can use to split their coins, which does not suffer these drawbacks.