Search content
Sort by

Showing 20 of 31 results by mailsats
Post
Topic
Board Bitcoin Discussion
Topic OP
fudster guy saying bitcoin is not viable because there are too few available
by
mailsats
on 02/11/2023, 09:17:55 UTC
too few of them available for mass adoption.

so 1 btc = 100 million sats
so if at any time we have 100K BTC liquid, there would be 10 trillion sats available

the USA has 2.7 trillion available US dollars

so I dunno man I think in terms of sats I think there will always be enough BTCs available


Thoughts?
Post
Topic
Board Bitcoin Discussion
Merits 4 from 2 users
Topic OP
I just completed my first totally air-gapped transaction...
by
mailsats
on 10/07/2023, 00:33:51 UTC
⭐ Merited by The Sceptical Chymist (3) ,dkbit98 (1)
Using a Coldcard

I really like this idea... sometimes I can be too paranoid for my own good

So I bought a Coldcard ( with hardshell case and magnetic usb cable )

I sent a few sats, using Sparrow wallet... worked flawlessly... nothing connected... just sign the transaction on device, save to mini sd card, then load that file onto your PC, and into Sparrow to finalize.

Are you proud of me?
Post
Topic
Board Development & Technical Discussion
Re: Why was Ordinal NFTs created?
by
mailsats
on 11/05/2023, 03:46:05 UTC

Quote

if everyone wins when price goes up then price would never go down so who wins when price goes down?  Shocked

People shorting Bitcoin
People who make money of ordinals
Govt and Banks who want to see Bitcoin fail so they can hock their CBDCs
Post
Topic
Board Bitcoin Discussion
Re: Why is the transaction fee and mempool congestion increasing ?
by
mailsats
on 05/05/2023, 06:02:30 UTC
Call them NFTs or Ordinals... I see this as a type of ddos attack
Post
Topic
Board Hardware wallets
Re: Trezor CoinJoin Testing
by
mailsats
on 28/04/2023, 07:30:14 UTC
I don't know enough about Coinjoin to give a proper opinion on this...

All I know is that this guy is now deadset against Trezor after they implemented this feature...

perhaps some of you more technically proficient Bitcoiners can watch this video, and weigh in on this

https://www.youtube.com/watch?v=zp012aP0ZFA&t=10s
Post
Topic
Board Wallet software
Topic OP
I think I will stick to a 24 word seed phrase ( 12 words brute forced )
by
mailsats
on 28/04/2023, 06:55:01 UTC
Here is a link to the story

https://cointelegraph.com/news/bitcoin-advocate-cracks-known-12-word-seed-phrase-in-minutes

I have heard people say the 12 words is secure enough... although, to be fair, the hacker in the story was given the 12 words, and had to put them in the correct order... using BTCrecover

thoughts?
Post
Topic
Board Off-topic
Re: Been feeding this cat that visits, but I am moving...
by
mailsats
on 26/03/2023, 08:09:45 UTC
The cat might be sad for a few days but it will eventually move on. They are intuitive enough to figure out that new people are now living at this house. Cats are natural hunters so they will know how to survive when you are gone. You are probably not the only person in your area who feeds stray cats so I am sure it will be fine and find a new place to visit for dinner.

Thanks... I hope you're right.
Post
Topic
Board Off-topic
Re: Been feeding this cat that visits, but I am moving...
by
mailsats
on 26/03/2023, 05:41:50 UTC
I do not think you need to worry about this cat. Because he was doing fine before you moved in he will survive on his own. It is sad to leave him but if you do not take him with you you can not feel bad about him.

He will miss the daily offerings yes. If you are lucky then the next person who lives in your place will leave him offerings. If you want you can leave a letter for the next people so if this cat comes looking for his offerings he does not get kicked away.


Ya, I mean I don't know if yanking it out of it's environment ( when I move ) is the best idea...
yes, the cat would get food... but it would have to adapt to a whole new area... and I don't think turning it into an indoor cat after years of being an outdoor cat is a good idea.
Post
Topic
Board Off-topic
Re: Been feeding this cat that visits, but I am moving...
by
mailsats
on 26/03/2023, 05:15:18 UTC
You feed the cat for years. and i thought, you really love that cat. How about you just take the cat with you. if you don't take the cat with you, when you move to a new house. You will definitely feel anxious and worried. so I thought just bring the cat.

Here's the thing, the cat has been in the area before I moved in. So it considers the area ( outdoors ) it's home...
It's a townhome complex.

So yes, it has gotten used to the food I give it... but if I just relocate it when I move, that seems like it would also be a bad thing to do.

( I refer to it as 'it' not he/she because I don't know it's gender )
Post
Topic
Board Off-topic
Re: anxiety
by
mailsats
on 25/03/2023, 03:44:53 UTC
I really like Dr Berg on Youtube... he has great diet related advice, but also stuff related to anxiety / depression

Anxiety  https://www.youtube.com/watch?v=mDn9SHhTgf8
Post
Topic
Board Off-topic
Topic OP
Been feeding this cat that visits, but I am moving...
by
mailsats
on 25/03/2023, 03:32:21 UTC
I have been feeding this cat for years... this outside cat who visits... every day around dinner time...

I am in a situation now where I must move.

I feel bad now, because there is no guarantee that the people who will soon occupy my place will feed this cat if it comes around...

The cat was doing fine before I move in, so maybe it will be OK again? I feel bad because I figure he has gotten used to my daily offerings.

Has anyone else been through this, or can offer advice? Am I worrying too much?

Thanx
Post
Topic
Board Bitcoin Discussion
Re: Guy buys Ledger on Amazon... his crypto gets stolen...
by
mailsats
on 23/03/2023, 08:53:13 UTC
How can someone who calls himself Crypto Jay not be smart enough to know about how hardware works and how to prevent this kind of minor incident, which he could have literally avoided?
If he can make this kind of mistake now, what will happen to his subscribers?




 





Ya I agree, but I don't want to victim-blame... but my suspicious mind considers he could be doing this to get views
Post
Topic
Board Bitcoin Discussion
Re: Guy buys Ledger on Amazon... his crypto gets stolen...
by
mailsats
on 23/03/2023, 08:49:01 UTC
It's already clear right where he get scammed? it's because his own fault, if he's pay more attention to see the domain and do few research, he wouldn't get scammed. I thought he was buy a legit ledger on Amazon from official reseller, but his device injected with virus and suddenly all of his coins gone. This is a hard case because anyone will thought their device are safe because there's nothing suspicious happened before.

About half way through the video he says he was prompted by the device to go to a website... at the website he was asked to start transfer over his crypto...
so ya I mean most reasonable experienced users would have seen the red flags, but he didn't... feel bad for the guy
Post
Topic
Board Bitcoin Discussion
Topic OP
Guy buys Ledger on Amazon... his crypto gets stolen...
by
mailsats
on 23/03/2023, 08:31:08 UTC
This kind of thing scares me.
I always knew to buy hardware from the source... but honestly I didn't think buying from Amazon could lead to this
( guy bought Ledger off Amazon... his device prompted him to go to a phishing website, his coins got stolen )

video   https://www.youtube.com/watch?v=iebFLfKC2Ao
Post
Topic
Board Bitcoin Technical Support
Re: If someone steals your seed words, but does not know your passphrase...
by
mailsats
on 21/03/2023, 09:15:03 UTC
Yes OK, thanks for clarifying... the wallet with passphrase is independent... still accessible even if the wallet without passphrase is recovered/stolen.
Yes. The victim's wallet is not compromised as long as the thief do not have access to the passphrase. But it is good to use a strong passhrase that would be difficult to brute force.

ty
Post
Topic
Board Bitcoin Technical Support
Re: If someone steals your seed words, but does not know your passphrase...
by
mailsats
on 21/03/2023, 09:06:51 UTC
... so he would recover the non-passphrase wallet, but by doing so, it does not mean the passphrase wallet is now inaccessible to the victim ( who still knows the passphrase + 24 words )
Take note that the two wallets (the one without passphrase and the one with passphrase) are two different wallets with completely different addresses. Anything that happens to each of these wallets doesn't affect the other wallet.
Someone who has access to your seed phrase and doesn't know the passphrase can't have access to the wallet that is protected with a passphrase. You will be able to import your seed phrase and the passphrase in another wallet and access the fund.

Yes OK, thanks for clarifying... the wallet with passphrase is independent... still accessible even if the wallet without passphrase is recovered/stolen.
Post
Topic
Board Bitcoin Technical Support
Re: If someone steals your seed words, but does not know your passphrase...
by
mailsats
on 21/03/2023, 08:52:40 UTC
Passphrase are not stored on hardware wallets that I know as of now, if the robber was able to see the seed phrase, he can not be able to have access to the passphrase, if the robber do not have access to the passphrase, he is not going to be able to steal the coins.

The robber goes home, and creates a new wallet with his own new hardware wallet ( it gives him the option to recover using the 24 words
I think in reality, the robber may not have hardware wallet, and he can not be that patient to first buy hardware wallet, he will follow the unsafe way which is the use of online wallet, but the passphrase will protect the coins as long as the thief do not have access to the passphrase.

The victim can just move his coins to another hardware wallet or a safe and properly generated cold wallet.


OK thank you for the reply.
Let's just say... the robber is a pro-Bitcoin thief, he has a few hardware wallets back at his pad.

I guess it doesn't matter, I mean he could create a new wallet with Electrum or Sparrow.

I was just having trouble wrapping my mind around this concept....

... so he would recover the non-passphrase wallet, but by doing so, it does not mean the passphrase wallet is now inaccessible to the victim ( who still knows the passphrase + 24 words )
Post
Topic
Board Bitcoin Technical Support
Merits 12 from 4 users
Topic OP
If someone steals your seed words, but does not know your passphrase...
by
mailsats
on 21/03/2023, 08:34:06 UTC
⭐ Merited by hugeblack (5) ,o_e_l_e_o (4) ,pooya87 (2) ,ETFbitcoin (1)
Can someone help me with this scenario...

Lets say a user owns a hardware wallet. They add a passphrase.

Some robber steals their backup words ( 24 seed words )

The robber goes home, and creates a new wallet with his own new hardware wallet ( it gives him the option to recover using the 24 words )

The robber enters the victim's 24 words... therefore recovering the victim's wallet.

....
so what I am wondering is... can the victim still enter the 24 words into a new wallet, AND enter the passphrase to recover the funds on the passphrase wallet?

or, when the robber entered the 24 words, does that make the wallet, and passphrase wallet, unaccessable?

Thanks for the help!
Post
Topic
Board Development & Technical Discussion
Re: worried about downloading blockchain...
by
mailsats
on 11/03/2023, 04:28:39 UTC
I have been reading some news items about ordinals, and how some bad actors are using them to upload very inappropriate content to the blockchain


where did you read that and did they provide a list of the inscription numbers? if not then they are probably just making it up. most of the ordinals are just monkeys...

I didn't see any inscription numbers quoted... I was referring to this video
https://www.youtube.com/watch?v=JGA1mJm4tQk&t=1s
Post
Topic
Board Development & Technical Discussion
Re: worried about downloading blockchain...
by
mailsats
on 11/03/2023, 04:15:58 UTC
I don't know how far down this rabbit hole you want to go, but here is the article I was talking about

https://www.theguardian.com/technology/2018/mar/20/child-abuse-imagery-bitcoin-blockchain-illegal-content