Re: User-Friendly Lightning Wallets

Quote from: TryNinja on January 22, 2018, 04:03:12 AM

Just FYI (@btcton and @Cobalt9317), you can create an Electrum Segwit wallet with p2sh addresses (starting with 3) which are supported by every service/exchange.

Quote from: corsaro on December 13, 2017, 09:15:34 AM

yes, right..

to have segwit addresses starting with a 3 in Electrum just follow these simple steps:

1) generate a bip39, 12 words seed on https://iancoleman.io/bip39/ (use it offline for more security)
2) on electrum choose, File -> New/Restore -> Standard Wallet -> I already have a seed -> click on "options" and choose bip39, write the seed then click next
3) on derivation path path use: m/49'/0'/0'/0

that's all. Remember to save in a safe place the seed as electrum will not show it (read below)

I did this and I'm already using Segwit addresses for every one of my transaction. I made a test with a 1 input/1 output transaction and I'm getting half fees than a legacy wallet.

That might be the reason why my transaction in the exchange wallet is confirming even though I only put a 0.0001BTC/kb it starts with a 3, maybe that exchange is aware of this SegWit thing even before it became an opt-in option for everyone, and there's no transaction fee when you send a bitcoin to the user using the same exchange.

I take back what I said earlier they are aware of the context that bitcoin is going to have, it is like they predict the future or rather Satoshi Nakamoto told them bluntly.