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With the rise of tracking of Bitcoin transactions by Coinalysis and stuff, keeping your Bitcoin pseudonymous seems harder these days. I normally buy through Coinbase Pro, but I was wondering if there is an easy way to buy Bitcoin privately, and without getting charged a premium? Only things I know of are Bitcoin ATMs and localbitcoins but pretty sure ATMs have a high fee and I don't want to have to go find an ATM everytime I want to buy anyway, and localbitcoins tend to sell at a large premium as well.
So is there anything like a decentralized exchange for Bitcoin where you can get current market price and exchange stablecoins with Bitcoin with other people? Or any other good buying option that preserves privacy?
So is there anything like a decentralized exchange for Bitcoin where you can get current market price and exchange stablecoins with Bitcoin with other people? Or any other good buying option that preserves privacy?
Of course there are many ways to do so.
Check out peer 2 peer exchanges, or even sites like reddit where they exchange privately without asking for ID.
Forget all indicators , sentimental and fundamental discussion! Did any one calculate the theoretical value of BTC and identify its variance from the actual price?
values (note the s) is the features and benefits.
value(no s) is the financial number
anyway value, based on how i view it. and it has worked well for me over the years to view the value window which the bitcoin price sits within at any given time
network hashrate 203,000,000thash
hashrate/asic unit 140 thash
hardware cost/unit $11,620
asics running 1,450,000
hardware cost 2 year $16,849,000,000
hardware cost /block $160,467
hardware cost /coin $25,675
hardware kw/unit 3.01 kw
hardware kw network 4,364,500 kw
cheapest asic power cost per kwh $0.04
cheapest network power cost per hour $174,580.00
cheapest network power per block $29,096.67
cheapest network power per coin $4,655.47
lowest 'value' $30,330.13 (hardware+power cost per btc $25,675+$4,655.47)
expensive asic power cost per kwh $0.38
expensive network power cost per hour $1,658,510.00
expensive mine power/block $276,418.33
expensive mine power/coin $44,226.93
highest value $69,901.60 (hardware+power cost per btc 25,675+$44,226.93)
thus value window is between $30k-$70k
and no its not a coincidence that while hashrate has been in this range that the price has been bouncing between $30k-$70k
no one on the planet can mine for less than $30k. hense good buy support at $30k because no one wants to sell at a loss, as no one can profit at below $30k
everyone on the planet can mine for less than $70k. hense good sell resistance at $70k because no one wants to buy at premium, as everyone can mine for less than $70k
6 months ago, previous asics were ~50% less efficient and the hashrate was ~50% less(balancing out). thus the window was about the same back then too
So, what you are saying is that we would simply need more "minning power" to increase the price of bitcoin?
Very interesting.
A thought experiment i wanted to know.
I have saved it in a disc (was inspired by satoshi who stated it that he has saved it and buried it)
memorised and saved in hdd in air gapped though!
I have saved it in a disc (was inspired by satoshi who stated it that he has saved it and buried it)
memorised and saved in hdd in air gapped though!
Mines aren't in any of the options in the poll. I use a technique that use a deterministic way to get my seed without the need of knowing all words of my seed and I can store by just remember a specific couple of words, yet if I gave you the couple of words, it wouldn't be enough to get my coins nor seed
Re: [GUIDE] How to send BTC for cheap! (And stop paying $25 for withdrawals)
this guide is impractical and full of utopian dream
for these reasons
a. 'withdrawing' means your taking out of an exchange meaning you got no control of their fee structure.
Yeah, the thread is to advocate for people to use their own wallets and stop overpaying stupid fees from exchanges for these reasons
a. 'withdrawing' means your taking out of an exchange meaning you got no control of their fee structure.
b. if the guide meant spending from own wallet. well then you come into the problems of not everyone only has one UTXO to spend. many have many UTXO's they need to combine when spending.
Doesn't matter, the point of this guide is to pay the LEAST to get on the NEXT block. For sure, you can set your tx to 1sat/vbyte and wait days/weeks, but if you want to get on the next block asap, this guide is what you are looking for
c. also trying to suggest people shouldnt just buy what they want when they want it. but to wait patiently for weeks or months for a low mempool day, totally negates the purpose of the utility of a currency..
I didn't say that. I just said how to pay the least to get your tx in the next block.
d. the change of any minority of the community paying less. just then fills in the crowd of those already paying less. thus causing those paying less to have to pay more to compete at their bottom level.
EG a train could have 2 carriages. one for first class and one for second class.. by telling everyone to get off the first class carriage and try squeezing into the second class carriage. does not keeo the second class carriage running cheaply. instead the fight over seats makes people end up paying more for the privilege of seating in the second class carriage or waiting even longer. thus average train fee's rise
EG a train could have 2 carriages. one for first class and one for second class.. by telling everyone to get off the first class carriage and try squeezing into the second class carriage. does not keeo the second class carriage running cheaply. instead the fight over seats makes people end up paying more for the privilege of seating in the second class carriage or waiting even longer. thus average train fee's rise
You are misunderstanding. This guide is to pay the least to get in that "first class carriage". I'm not saying to just pay 1 sat/vbyte and be done with it. I'm just saying to look at the mempool to see how much you need to barely get the tx on the NEXT block.
e. the end result is although when seeing the fees go from $2->$0.50
$2.00/\ /\
$1.50 \ /
$1.00 \ /
$0.50 \/
and choosing to wait for that 'bottom' . if everyone done this guess what the end result of the next fee correction
$2.50 /\
$2.00/\ /
$1.50 \ /
$1.00 \_/
$0.50
yep. the bottom moves up because more are then competing at those times. thus the usual rise in competition then raises the overall price of the competition window
$2.00/\ /\
$1.50 \ /
$1.00 \ /
$0.50 \/
and choosing to wait for that 'bottom' . if everyone done this guess what the end result of the next fee correction
$2.50 /\
$2.00/\ /
$1.50 \ /
$1.00 \_/
$0.50
yep. the bottom moves up because more are then competing at those times. thus the usual rise in competition then raises the overall price of the competition window
I think you are misunderstanding me. I'm not saying to wait until 1sat/vbyte gets you on the next block. I'm saying to look at mempool to see what's the minimum to get you on the next block.
For example, take a look at the mempool right now:
So, let's say that your tx you set it at 1sat/vbyte, but it didn't confirm and the mempool got a little bit clogged, so what you now see is that you would need to bump the fee to around 1.8sats/vbyte or even 2sats/vbyte with the rbf feature and that will get you in the next block.
Sure, you can also leave the tx at 1sat/vbyte but that will probably take a little more time due to the mempool size increasing.
an easier solution is this..
stop letting the devs put cludgy code into bitcoin that causes a 4x of tx fee's, stop the devs from removal of old fee formulae, then insist the devs put in cleaner stuff that actually helps make bitcoin more useful day to day(on the bitcoin network), without all the stupid politics of making bitcoin far more worse to use daily just to promote other networks as things people should use instead
stop letting the devs put cludgy code into bitcoin that causes a 4x of tx fee's, stop the devs from removal of old fee formulae, then insist the devs put in cleaner stuff that actually helps make bitcoin more useful day to day(on the bitcoin network), without all the stupid politics of making bitcoin far more worse to use daily just to promote other networks as things people should use instead
Yeah, that's the best solution. I agree.
Re: [GUIDE] How to send BTC for cheap! (And stop paying $25 for withdrawals)
Do not get this wrong, the high fee of $25 and higher are on custodial exchanges which charges more excessively than usual.
It's best to avoid those exchanges entirely. Binance for instance charges this much (and tries to scam you into accepting their own made-up token as fake Bitcoin instead of real Bitcoin), while for instance Kraken charges less than $1 to withdraw Bitcoin on-chain.I paid less than $0.05 in fee on my last Bitcoin transaction.
Quote
I have made 1 sat/vbyte transactions
I try to pay like 1.05 sat/vbyte, just to be above people like you 
other networks like BSC Bep20, TRC20 or other networks that offers cheap transaction fee.
None of that is Bitcoin. We should be careful not to make people believe they're the same.I AGREE. Literally, all of those options are marketed as the "cheaper" bitcoin options to withdraw from binance.
It's like if somehow, binance wanted to hoard bitcoin by making ridiculous withdrawal fees.
Re: What do anonymous whales plan to do with their btc and they didn't pay taxes?
Well, if I was a whale and had millions in crypto, I would just trade peer 2 peer.
No need for pesky taxes.
Plus, you can always buy stuff with crypto or trade for cash etc.
No need for pesky taxes.
Plus, you can always buy stuff with crypto or trade for cash etc.
Re: "Behind closed doors, EU officials talk about banning Bitcoin"
You know the drill — waste of energy etc etc nothing new. Just thought I'd post this here because of this specific quote:
Just something to laugh at.
Source: https://netzpolitik.org/2022/climate-measures-behind-closed-doors-eu-officials-talk-about-banning-bitcoin/
Quote
"If Ethereum is able to shift, we could legitimately request the same from BTC. We need to “protect” other crypto coins that are sustainable. Don’t see need to “protect” the bitcoin community."
Just something to laugh at.
Source: https://netzpolitik.org/2022/climate-measures-behind-closed-doors-eu-officials-talk-about-banning-bitcoin/
Maybe a few people are preparing their shorts in advance.
I have most of mine on an exchange because I'm getting paid interest. Has there ever been a time when an exchange like Binance for example, steals your funds or gets hacked and people lost money?
The reasons I don't leave it there:
1. They can do whatever they want with the coins.
2. Not my keys, not my coins.
3. I have no power over my coins, other than the interaction with the exchange account that can be closed at any time for any reason.
Buying two pizzas for 10,000 Bitcoin isn't forgettable to me. Also, the community remembers that day as Bitcoin pizza day. Although that time bought pizza Bitcoin price was low, but for now it's become a huge amount. So this is a memorable history among the Bitcoin community. Another fact of Bitcoin you mentioned on the thread isn't remembering this way we remember Bitcoin pizza day.
Yeah, who can forget that?Literally, those 2 pizzas costed 1 TRILLION satoshis!
Re: [GUIDE] How to send BTC for cheap! (And stop paying $25 for withdrawals)
Your title is also wrong since you include the term "withdrawal" which is the act of taking money out of an account and whatever fee you pay there has nothing to do with bitcoin or its transaction fees. In reality you are paying for the centralized service (like the exchange) you are using.
Could be, but it's to encourage people to use non-custodial wallets and pay peanuts per transaction
Re: [GUIDE] How to send BTC for cheap! (And stop paying $25 for withdrawals)
tx fees are too cheap or not something to worried upon.
Yeah but i've known some people paying like $20 per tx which is ridiculous! That's why i made this guide
Really simple, but effective
[GUIDE] How to send BTC for cheap! (And stop paying $25 for withdrawals)
Hey fellas, today I'm going to share a guide on how to save a TON of SATOSHIS per btc transaction.
For the well-established crypto guys this is probably already known, but I just don't like how people keep saying that paying with bitcoin is expensive, when in reality is REALLY cheap.
Everyone knows that one can pay like 1-2 sats/vbyte, though sometimes, if you really want to move your coins fast you may want target the next block to be mined and in that case I always look at the mempool and see what kind of fee I would need to pay to just BARELY get in the next block.
It's like the cheapest way to get your tx confirmed paying the least.
I usually go to sites like: https://mempool.space/mempool-block/0 to see how much I would need to pay to get my tx in the next block.
For example, in that pic, I would first create a tx for around 1.8 sats/vbyte and if the mempool got clogged and 1.8 sats/vbyte wasn't enough to be on the next block, I would just increase the fee using the RBF feature
Also, make sure your tx has the RBF feature or else you would get stuck with the 1.8sats/vbyte and would probably take a few blocks to get it confirmed.
Hopefully this was helpful
For the well-established crypto guys this is probably already known, but I just don't like how people keep saying that paying with bitcoin is expensive, when in reality is REALLY cheap.
Everyone knows that one can pay like 1-2 sats/vbyte, though sometimes, if you really want to move your coins fast you may want target the next block to be mined and in that case I always look at the mempool and see what kind of fee I would need to pay to just BARELY get in the next block.
It's like the cheapest way to get your tx confirmed paying the least.
I usually go to sites like: https://mempool.space/mempool-block/0 to see how much I would need to pay to get my tx in the next block.
For example, in that pic, I would first create a tx for around 1.8 sats/vbyte and if the mempool got clogged and 1.8 sats/vbyte wasn't enough to be on the next block, I would just increase the fee using the RBF feature
Also, make sure your tx has the RBF feature or else you would get stuck with the 1.8sats/vbyte and would probably take a few blocks to get it confirmed.
Hopefully this was helpful
So sick. I didn't know one could hide code in an svg file. Literally just checked my site's SVG files and all seem healthy
Those common image files could be code-injected.
Really unimaginable huh when people could find almost anything to have it their way
Yeah, I really couldn't think one could inject code in a xvg file. Very interesting stuff.
Re: Is it possible to derivate all btc address wihout a master xpub key?
Even if I knew a million addresses from your wallet, I couldn't recover your parent public key.
That's very interesting. But, unless you had the master xpub key, there's NO WAY to know all of my addresses; UNLESS you use them together, like:
Address A has 1 BTC
Address B has 2 BTC
And then you create a tx of 2.5BTC to Address C and 0.5btc to Address (change address) D.
That way, you would be able to see that Address A, B, C and D are all connected, but other than that, there's no chance to see all other addresses
Is it possible to derivate all btc address wihout a master xpub key?
I've been messing with bitcoin for years since 2015, and I just had this question. Is it possible to derivate all addresses of a master public key?
like say I have address X, and with only knowing that, would it be possible to see all addresses or even know a possible master public key?
Could it be possible at all to recover a master xpub from just 1 address?
like say I have address X, and with only knowing that, would it be possible to see all addresses or even know a possible master public key?
Could it be possible at all to recover a master xpub from just 1 address?
It's hard to say what this really is.
I've seen others claim to own this address like this one claiming only 5 characters is missing which would have taken less than a minute to recover.
This means there could be a possibility that someone has been selling a fake "damaged key" on the internet and best case scenario is that creator of this repository has fallen for the scam.
The other red flag is that there is no source code to see. You will have to blindly run a binary not knowing what it does. Which again means best case scenario you waste your time and worse case is that you infect your system!
The other problem that I see is that the creator is basically asking you to do all the work while only getting a small share of the possible prize (assuming it is real)!
I've seen others claim to own this address like this one claiming only 5 characters is missing which would have taken less than a minute to recover.
This means there could be a possibility that someone has been selling a fake "damaged key" on the internet and best case scenario is that creator of this repository has fallen for the scam.
The other red flag is that there is no source code to see. You will have to blindly run a binary not knowing what it does. Which again means best case scenario you waste your time and worse case is that you infect your system!
The other problem that I see is that the creator is basically asking you to do all the work while only getting a small share of the possible prize (assuming it is real)!
Yeah, but you can always disassemble the .exe to see what it does. So, it could be NOT a scam, but it makes it fishy that OP created a new account just to post that that url is a scam lol
Forgot to say that the OP created that GitHUb April 13th or so it seems. Link: https://archive.vn/LEUwf
It's hard to say what this really is.
I've seen others claim to own this address like this one claiming only 5 characters is missing which would have taken less than a minute to recover.
This means there could be a possibility that someone has been selling a fake "damaged key" on the internet and best case scenario is that creator of this repository has fallen for the scam.
The other red flag is that there is no source code to see. You will have to blindly run a binary not knowing what it does. Which again means best case scenario you waste your time and worse case is that you infect your system!
The other problem that I see is that the creator is basically asking you to do all the work while only getting a small share of the possible prize (assuming it is real)!
I've seen others claim to own this address like this one claiming only 5 characters is missing which would have taken less than a minute to recover.
This means there could be a possibility that someone has been selling a fake "damaged key" on the internet and best case scenario is that creator of this repository has fallen for the scam.
The other red flag is that there is no source code to see. You will have to blindly run a binary not knowing what it does. Which again means best case scenario you waste your time and worse case is that you infect your system!
The other problem that I see is that the creator is basically asking you to do all the work while only getting a small share of the possible prize (assuming it is real)!
Yeah, but you can always disassemble the .exe to see what it does. So, it could be NOT a scam, but it makes it fishy that OP created a new account just to post that that url is a scam lol
Hey,
On a search on google, I found these two blogs for amount of bitcoin that are lost forever and are not accessible anymore.
1. https://fortune.com/2017/11/25/lost-bitcoins/ - 2017
2. https://www.investopedia.com/news/20-all-btc-lost-unrecoverable-study-shows/ - 2019
Is there any latest data to with some sort of proof with the No. of Bitcoin which are lost forever?
Would love to know as according to the 2nd URL, almost 20% of the overall supply is not accessible which raises the scarcity of bitcoin even more.
On a search on google, I found these two blogs for amount of bitcoin that are lost forever and are not accessible anymore.
1. https://fortune.com/2017/11/25/lost-bitcoins/ - 2017
2. https://www.investopedia.com/news/20-all-btc-lost-unrecoverable-study-shows/ - 2019
Is there any latest data to with some sort of proof with the No. of Bitcoin which are lost forever?
Would love to know as according to the 2nd URL, almost 20% of the overall supply is not accessible which raises the scarcity of bitcoin even more.
Quote
While the loss of 20% of all bitcoin is likely to not have a significant impact on the crypto market itself, it could surely affect individual investors.
Aren't they underestimating the 20% of all bitcoin supply in total? geez. By "being lost forever", it just means that to get their private keys in order to spend those coins will take YEARS, DECADES or maybe even A LOT more due to quantum computers