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Showing 20 of 29 results by jvaimamu
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Board Development & Technical Discussion
Re: Bitcoin must upgrade or fall victim to quantum computing in 5 years
by
jvaimamu
on 22/06/2025, 09:18:33 UTC
This is just a random news I get but people are really talking about it.

I have just read about it not long ago but I have also read somewhere before that by 2030, it is possible that ECDSA becomes vulnerable to quantum computing. This is 2025 which means 2030 is just 5 years away from now.

What do you think about this disturbing news, I have been read more than 5 news about this and I saw another one today. What are bitcoin developers doing about it?

If you need the source that I get today's news from, I can post it which has the the title that I have as the title on this thread.

What’s the Actual Quantum Threat?
Code:
ECDSA Vulnerability:
ECDSA security relies on the hardness of the elliptic curve discrete logarithm problem. Large-scale, fault-tolerant quantum computers running Shor’s algorithm could theoretically solve this problem efficiently, breaking ECDSA and exposing private keys.

Code:
Timeline Uncertainty:
While some estimates suggest that powerful quantum computers capable of breaking ECDSA could emerge by 2030 or later, there is significant uncertainty about when exactly such quantum hardware will be built and become practically usable against Bitcoin’s 256-bit curve.

What Are Bitcoin Developers Doing?
Active Research on Post-Quantum Cryptography (PQC):
The Bitcoin community and cryptographers are investigating quantum-resistant signature schemes like Lamport signatures, hash-based signatures (e.g., XMSS), lattice-based cryptography, and others.

Layered and Gradual Transition:
Transitioning Bitcoin to quantum-safe cryptography is non-trivial. It would require protocol changes and careful migration strategies to avoid compromising security during the upgrade.

Focus on Wallet Hygiene:
Since reuse of public keys is a major risk if a quantum adversary can break ECDSA, best practices like avoiding address reuse and using new addresses for each transaction reduce exposure.

Monitoring Quantum Computing Progress:
The ecosystem closely follows advances in quantum hardware, error correction, and algorithms to adjust timelines and plans accordingly.

What Can Users Do Today?
Use wallets and addresses that avoid reusing public keys (HD wallets help here).
Stay informed about developments in quantum resistance in Bitcoin protocols.
Support open discussions and development efforts on quantum-resistant upgrades.
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Board Development & Technical Discussion
Re: QC threat on electrum "spawnable" type wallets vs old wallet.dat
by
jvaimamu
on 22/06/2025, 09:14:13 UTC
Old Wallet.dat Model: Individual Keys, Separate Backups
In the early Bitcoin Core wallets (pre-HD wallets), your wallet.dat stored each private key separately, independently generated and backed up. This approach meant:

Pros:

Each key is unique and unrelated to others—no master seed.
Compromise of one key doesn't expose others.
No risk of deriving all keys from a single master key.

Cons:

You had to back up your wallet frequently, because new receiving addresses were newly generated keys not derived from any seed.
Backup management was tedious and error-prone—missing a backup meant losing some funds.
No hierarchical deterministic structure, so no easy way to recover all keys from one backup.
Modern HD Wallets: Seed-Based, Hierarchical Keys
Modern wallets use BIP32/BIP39/BIP44 HD wallets, where:
One master seed (typically represented as 12 or 24 mnemonic words) generates a master private key (xprv).
From this, all private keys are derived deterministically via a hierarchical tree structure.
A single backup of the seed can restore the entire wallet and all derived addresses.
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Board Development & Technical Discussion
Re: Understanding nLock time in Bitcoin transactions.
by
jvaimamu
on 22/06/2025, 09:09:33 UTC
I've been trying to understand Bitcoin better, and I've got some questions about nLockTime and RBF. From my understanding, nLockTime is like a delay timer for transactions, and miners can't confirm them until the set time is reached. RBF lets you replace an unconfirmed transaction with a new one that has a higher fee. Also I understand that transaction with nLock time set can be replaced by a new transaction with RBF feature so far the set time is not yet reached and has a higher fee. I'm okay with that but I have two questions:

1. Can a transaction with nLockTime be replaced with a new one that has a different nLockTime value? What happens if it gets replaced?
2. If a transaction with nLockTime is stuck in the mempool because of low fees, can I use RBF to replace it with a new transaction that has a higher fee?

Hope someone can help clarify this better for me here.

Already asked this in my local board but got a few replies so I thought I ask here for more explanation and understanding.
1. Can a transaction with nLockTime be replaced by a new one that has a different nLockTime value? What happens if it gets replaced?

Yes, a transaction with an nLockTime can be replaced by another transaction via RBF, even if the replacement has a different nLockTime value—as long as the replacement transaction follows RBF rules:

It must spend the same inputs.

It must pay a higher fee.

It must be valid according to consensus rules, including the new nLockTime.

Effectively:
If the original transaction had an nLockTime set in the future, but you replace it with a transaction that has an earlier nLockTime (or even no nLockTime), miners can include the replacement immediately, speeding confirmation.

On the other hand, if the replacement has a later nLockTime, it will still only be valid after that time is reached, so confirmation will be delayed accordingly.

Summary: RBF replacement overwrites the old transaction in the mempool with the new one, and miners treat the new nLockTime as the rule for when to confirm.

2. If a transaction with nLockTime is stuck in the mempool due to low fees, can I use RBF to replace it with a new transaction that has a higher fee?

Absolutely. That’s exactly one of the main use cases of RBF.

If your transaction is stuck because the fee is too low, and it has an nLockTime set that allows immediate or near-future inclusion (meaning the nLockTime has already passed or will soon pass), you can broadcast a replacement transaction:

Using the same inputs.

With a higher fee.

Possibly with the same or updated nLockTime.

Miners will then prioritize the new transaction over the old one, helping your payment confirm faster.

However, if the nLockTime has not yet been reached, neither the original nor the replacement can be mined until the locktime condition is met. So you can replace the transaction to increase the fee, but miners will still wait for nLockTime to pass before confirming.
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Board Development & Technical Discussion
Re: Question about Wallet Developers
by
jvaimamu
on 22/06/2025, 09:02:54 UTC
As we are used to how exchanges operates and make profits from different routes operating their platform and how they charge for listing of coins, trades and so on.

Now am not sure of how some of our developers are making their own profits by creating non custodial wallet for the bitcoin community users to enjoy, as Bitcoin wallet are free to download and use.

This is the reason why I feel like throwing my question to this section to enquire and hear from our feedbacks.

My question is simply and direct

How do Bitcoin Wallet developers make profits from creating Wallets.? (Non Custodial Bitcoin Wallets).

How do developers of non-custodial Bitcoin wallets make profits?

First, let’s be clear: a true Bitcoiner doesn’t create a non-custodial wallet to chase profits. We build wallets because we believe in freedom, privacy, and financial sovereignty. It’s about giving people full control over their own money—no middlemen, no custodians, no gatekeepers. That spirit is the core of Bitcoin itself.

That said, developers who dedicate their time and skills to building these wallets do need sustainable ways to support their work and keep improving the software. Non-custodial wallets don’t hold users’ funds, so they can’t make money like exchanges do with trading fees or interest on deposits. Instead, their revenue models are built around adding value, convenience, and enhanced features while respecting user control.

Here are some common ways non-custodial Bitcoin wallet developers generate revenue:

1..Affiliate and Referral Programs:
Many wallets integrate with fiat-to-crypto gateways or cryptocurrency exchanges inside the app. When users buy or sell crypto through these partners, the wallet developers earn a referral or affiliate commission. This helps bridge traditional finance with crypto in a user-friendly way while providing a revenue stream.

2..Transaction Fee Markups or Service Fees:
Some wallets help users by optimizing transaction fees or providing privacy features like CoinJoin. They may charge a small, transparent fee on top of the network fee for these value-added services. This fee supports ongoing development without compromising user sovereignty.

3..Premium Features and Subscriptions:
While basic wallet functionality remains free and open, developers offer advanced tools—like multi-signature support, hardware wallet integrations, portfolio analytics, or enhanced privacy options—as premium features behind subscriptions or one-time payments.

4..In-App Token Swaps and DeFi Integrations:
Wallets that support decentralized finance often let users swap tokens or participate in liquidity pools directly inside the app. Developers take a small cut from swap fees or liquidity provision, creating revenue while empowering users to access DeFi easily and securely.

5..Donations, Grants, and Sponsorships:
Many wallets are open source and rely on community support through donations or grants from blockchain foundations and sponsors who share the mission of promoting financial freedom.

6..White-Label Solutions and Enterprise SDKs:
Some teams offer their wallet software or development kits to businesses looking to build their own wallets. This B2B approach brings licensing fees and consulting revenue.

At the end of the day, building a non-custodial Bitcoin wallet is more about the mission than the money. It’s about empowering users to hold their own keys, secure their own wealth, and participate in a truly permissionless financial system. The revenue models are designed to support this mission sustainably without compromising trust or decentralization.
 
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Topic
Board Bitcoin Discussion
Re: Who burns more than 18BTC to 1FuckiRGCTerroristsNoBiTEXXXaAovLX and why?
by
jvaimamu
on 20/06/2025, 08:44:36 UTC
This is also a nice address : 1FuckiSraeLNoBiteNetanyahuxuHxjgT
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Board עברית (Hebrew)
Topic OP
address 1FuckiRGCTerroristsNoBiTEXXXaAovLX
by
jvaimamu
on 20/06/2025, 08:34:18 UTC
https://bitcoindata.science/api/addressbalance.php?address=1FuckiRGCTerroristsNoBiTEXXXaAovLX&currency=USD&hex=a51d2d

A lot better could've been done with that money, in my opinion. A shame the coins are literally destroyed.
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Topic
Board Development & Technical Discussion
Re: Mark1 - pollard rho implementation (38 minutes for 80 bits solving on CPU)
by
jvaimamu
on 19/06/2025, 12:08:26 UTC
Hello guys!
My implementation of Pollard-rho algo:
https://github.com/Dookoo2/Mark1
38 minutes for solving 80 bits puzzle with half billion of DP, 14 minutes for solving 70 bits with 200 millions of dp (after phase 1 for collecting and storing DP).
AVX2 bloom filter, compact DP table, Brent loop detection and others features.
May be useful for somebody.
Have a nice day:)


Great! Hope to get more speed in future
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Topic
Board Project Development
Topic OP
Testnet5
by
jvaimamu
on 17/06/2025, 08:31:07 UTC
How can I actually create another testnet blockchain for bitcoin
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Topic
Board Development & Technical Discussion
Topic OP
Testnet5
by
jvaimamu
on 16/06/2025, 15:48:37 UTC
How can I actually create another testnet blockchain for bitcoin
Post
Topic
Board Bitcoin Discussion
Re: You may lose hope in other cryptocurrencies but not in bitcoin.
by
jvaimamu
on 14/06/2025, 18:35:50 UTC
Contrary to what many people believe, Bitcoin is actually not the first ever Crypto-currency, rather it best to say Bitcoin is the first well known Crypto-currency.
Bitcoin is not a first cryptocurrency but it's a first decentralized and successful one.
Bitcoin prehistory.
Before Bitcoin, there are some cryptocurrencies: DigiCash, CyberCash, E-gold, HashCat, Bit-Gold, B-money, and Bittorent.

When you sell your Bitcoin, does it mean you don't believe in Bitcoin?  Undecided
People sold their Bitcoin because of many reasons. Some people sold their Bitcoin because they need money urgently, other sold Bitcoin because they want to secure profits and buy again in the next correction, and there are also people who sold some Bitcoin because they want to diversify to another asset.
Selling is an activity to get money in cash or stable coin from your bitcoin. The market needs to have both buyers and sellers so what will happen with market if there are only buyers and no sellers?

It's funny to write this, because if there are seller, buyers can not buy bitcoin and there are no buyer too. Don't feel bad when there are sellers in the market, and they are contributing to the market by selling bitcoin at prices they see good.



WOw! are they centralized ?
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Board Development & Technical Discussion
Re: The very first version of the bitcoin client
by
jvaimamu
on 14/06/2025, 16:52:18 UTC
Hi. I launched the first version of the Bitcoin client. And to my surprise, it works. It builds an alternative blockchain, the block reward is 50 coins. It's like a time machine. Very interesting. Try it if you want.

Now continue ur blockchain
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Topic
Board Bitcoin Discussion
Re: Which of the BTC wallet should I choose?
by
jvaimamu
on 14/06/2025, 16:47:23 UTC
u could use sparrow 3 of 4 multisig wallet , native segwit, 24 words and passphrase for every bip39, use in 3 different air gapped device and import the watch only to a online device to make tx
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Topic
Board Bitcoin Discussion
Re: BTC Puzzle Solver (A heuristic solution)
by
jvaimamu
on 14/06/2025, 16:43:05 UTC
Hey everyone! 👋

I've developed a statistical Bitcoin puzzle solver that uses progressive refinement and Hamming distance analysis instead of brute force.

🎯 What's Different?

This isn't your typical random search or brute force. The solver uses:
- Progressive granularity (10% → 5% → 1% → 0.1% → 0.01%)
- Statistical evaluation of key ranges using multiple metrics
- Smart sampling that avoids redundant work
- Historical intelligence from previously solved puzzles

🚀 GitHub: https://github.com/jasonjiao2024/btc-puzzle-solver

 ✨ Features
- Google Colab ready with checkpoint/resume
- Multiprocessing support
- Memory efficient (tracks millions of keys)
- Detailed progress tracking and statistics

Check out the full code and documentation on GitHub!⭐


Nice, but need more advance
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Topic
Board Bitcoin Discussion
Topic OP
What if Bitcoin was reimagined today?
by
jvaimamu
on 14/06/2025, 16:40:03 UTC
What if Bitcoin was reimagined today, under modern cryptographic assumptions, using a principled minimalist architecture designed for long-term auditability and zero-trust adversarial environments?
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Board Off-topic
Re: Air India fligth crashes 241 dead
by
jvaimamu
on 14/06/2025, 16:29:02 UTC
Absolutely remarkable that one person survived. There's probably going to be movies/documentaries made about that guy. I'd love to know the logistics of how he survived. He even came out relatively unscathed. I wonder if he was in a part of the plane that broke off or the seat was ejected from the plane and thus shielded him from the fireball.

He was sat near an emergency exit but I don't know what that use would be in a crash:

https://www.talkimg.com/images/2025/06/14/Ud50q2.png

That's Amazing
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Topic
Board עברית (Hebrew)
Topic OP
כריית ביטקוין בישראל – אתגרים, הזדמנויות וע
by
jvaimamu
on 14/06/2025, 16:24:53 UTC
שלום לכולם,
רציתי לפתוח דיון על נושא שלא מדברים עליו מספיק – כריית ביטקוין בישראל.

בזמן שבעולם כולו מוקמים חוות כרייה ענקיות במדינות כמו קזחסטן, ארה"ב וסין (לשעבר), אצלנו בישראל – מדינה עם טכנולוגיה מתקדמת אך מחירי חשמל מהגבוהים בעולם – התחום הזה עדיין נמצא יחסית בחיתוליו.

❓ אז מה המצב כיום?
🔌 מחירי החשמל בישראל מקשים על כרייה ביתית. בלי גישה לחשמל תעשייתי מוזל או אנרגיה ירוקה, הרווחיות על כרייה עצמאית נמוכה מאוד.
💻 רוב הכורים הרציניים עוברים לשימוש בציוד ASIC כמו Antminer S19, אבל גם כאן – הרווח נטו תלוי במחיר החשמל וברשת החום.
🧠 למרות זאת, יש כמה מיזמים מעניינים, כולל שימוש באנרגיה סולארית בקיבוצים או באזורי תעשייה, וניסיונות לחוות כרייה קטנות בפריפריה.

🌱 הזדמנויות לעתיד
שימוש באנרגיה מתחדשת בישראל – השמש הישראלית היא משאב עצום. חוות סולאריות יכולות להפוך את הכרייה ליעילה ואקולוגית.

שיתופי פעולה בין קהילת הקריפטו – אולי הגיע הזמן להקים מיזם קואופרטיבי לכרייה משותפת.

חדשנות ישראלית בתחום ה-HW וה-FW לכרייה – יש כאן פוטנציאל אדיר לחברות סטארטאפ לפתח פתרונות אופטימליים לחומרה ותוכנה.

⚠ אתגרים
רגולציה לא ברורה, במיוחד בתחום צריכת חשמל והצהרת הכנסות.

הבנה ציבורית לקויה – כרייה עדיין נתפסת אצל רבים כ"פשע סביבתי", מה שלא תמיד נכון.

מחסור באינפרה מקומית – רוב הציוד נרכש מחו"ל, עם מיסוי לא זול.

אני מזמין את כל מי שכורה בישראל או התנסה בכרייה לשתף –
🔹 איך אתם מתמודדים עם העלויות?
🔹 האם לדעתכם יש פוטנציאל לכרייה רווחית בארץ?
🔹 והאם ראיתם מיזמים מעניינים בתחום?

אם יהיו מספיק תגובות – אולי נארגן קבוצת טלגרם של כורי ביטקוין בישראל 🇮🇱
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Board Meta
Re: [Voting 2025] Bitcoin Pizza Day on Bitcointalk 🍕
by
jvaimamu
on 14/06/2025, 16:19:09 UTC
I vote for: #9, #15, #94, #99, #121
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Topic
Board Development & Technical Discussion
Re: Compute Z with rs and the priv key
by
jvaimamu
on 13/06/2025, 09:16:26 UTC
Quote
is it possible to compute z with rs , priv key and the public key?
Yes.
Code:
s=(z+rd)/k
sk=z+rd
sk-rd=z
z=sk-rd
z*G=sR-rQ
If you know private key "d", and signature private key "k", then you can just compute "sk-rd", and it will give you z-value.


I don't know the k , I Know only rs , the private key of the public key Q , R (rx , ry)
I want to compute the corresponding z of the rs
Is it possible ?
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Board Development & Technical Discussion
Topic OP
Compute Z with rs and the priv key
by
jvaimamu
on 13/06/2025, 06:49:43 UTC
is it possible to compute z with rs , priv key and the public key? 
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Topic
Board Development & Technical Discussion
Re: [Fake] 0.0000000000000000000000001 BTC Reward – ECDSA fake Puzzle
by
jvaimamu
on 11/06/2025, 17:15:02 UTC
This thread should be deleted, Bounty is fake, it includes external links for downloads. which makes it unreliable to interact with op.

how to delete