Ninjastic
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Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 01/07/2018, 22:43:00 UTC
Quote from: B1tUnl0ck3r on July 01, 2018, 08:26:53 PM
Quote from: JayJuanGee on July 01, 2018, 08:23:08 PM
Quote from: LFC_Bitcoin on July 01, 2018, 02:02:33 PM
Quote from: bones261 on July 01, 2018, 02:00:40 PM
Quote from: LFC_Bitcoin on July 01, 2018, 01:50:07 PM
Fucking dumb ass question but how do you know if your bitcoin’s are being held in a SegWit or Non SegWit address?

If the address begins with 1, they are definitely not Segwit coins.
If the address begins with 3, they are held in a P2sH address. They could be segwit or could just be a multisign address. If the private keys are under your control, you should know. Likely they are a segwit address since you would definitely know if you set up a multisig address since it involves a very complicated process to set up. If the private keys are under someone else's control, like an exchange or online wallet, you will need to research or ask.
If the address begins with bc1, it is definitely a segwit address.


Pretty sure all of my bitcoin’s are in addresses begginning with a 1
I will need to check this tonight

But yes I am the sole owner of every single private key.

It would have only become possible to move to a segwit address in about late August 2017... so any coins that have not been moved before that would be in legacy addresses by default.  There has been no automatic conversion to segwit addresses of legacy addresses (and I am not sure if such automatic conversion/movement would be possible).

one sure thing I don't have the will to understand this artificial shitshow, so imagine what noob feel about it? the dumb fuck jump, they don't care, and the other are lost facing such division. like an outsider watching the soft civil war in the usa... [edited out nutso analogy portion of your response]

ps, thanks for your clarification...

Well, yes, sometimes the FUDster attacks can become so complicated (and possibly convincing because of it) that it confuses otherwise smart OG bitcoiners into the wrong behavior.   

In recent years, I have come to conclude that a lot of the long term bitcoin HODLers have been able to HODL through thick and thin and to ultimately profit fro such HODLing behavior because they don't get tricked into the wrong behaviors or out of their coins because of such at the time seemingly intense and persuasive FUD spreading.   I believe that in traditional financial circles it is considered to be profiting from disparities of information.  In other words, long term bitcoin HODLers will frequently have a sufficient amount of information that causes them to HODL and/or buy on dips and only to sell small amounts of their bitcoin on price rises (if any) to profit handsomely in the longer time horizon.