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1659996b0fb053a589b88a0e005b4c54ef22bc0f451e2dcf3c14437877d70de9
above is my TXid, pending for 26days. Tried to use BTCnitro/com to push it up but not work (they didn't refund me as they said, don't try)
Can somebody help me out so my transaction can be confirmed or btc back to my wallet to make a new transaction? I used Viawallet when send it
(and viabtc accelerator is too expensive, cost me more than $400 so forget it)
another interesting thing is while i send 0.08478975btc, now on explorer show it's 0.07618310 only
I'm sorry to hear about the trouble you're facing with your Bitcoin transaction. It sounds like your transaction has been stuck in the mempool for an extended period, and you're seeking a resolution.above is my TXid, pending for 26days. Tried to use BTCnitro/com to push it up but not work (they didn't refund me as they said, don't try)
Can somebody help me out so my transaction can be confirmed or btc back to my wallet to make a new transaction? I used Viawallet when send it
(and viabtc accelerator is too expensive, cost me more than $400 so forget it)
another interesting thing is while i send 0.08478975btc, now on explorer show it's 0.07618310 only
Given the information provided, here are some steps and considerations that might help in resolving your situation:
1. **Transaction ID (TXID):** The transaction ID you provided (1659996b0fb053a589b88a0e005b4c54ef22bc0f451e2dcf3c14437877d70de9) can be used to track the status of your transaction on block explorers.
2. **Transaction Confirmation:** If your transaction has been pending for 26 days and hasn't been confirmed, it might be stuck due to low fees or network congestion. Unfortunately, pushing the transaction through third-party services isn't always effective, as you've experienced.
3. **Viawallet Support:** Since you used Viawallet for the transaction, reaching out to their support team might be helpful. They might provide insights into the issue or offer assistance in resolving the stuck transaction.
4. **Transaction Amount Discrepancy:** The discrepancy in the displayed transaction amount from what you sent could be due to transaction fees or other factors. However, such a significant difference might warrant investigation to ensure everything is accurate.
5. **Consider Replace-By-Fee (RBF) or Child-Pays-For-Parent (CPFP):** If the initial transaction had an RBF flag enabled or if you have unspent outputs from that transaction, you might be able to create a new transaction with higher fees (RBF) or bundle it with a new transaction (CPFP) to incentivize miners to confirm it.
6. **Patience and Monitoring:** Sometimes, transactions stuck in the mempool eventually get confirmed when network congestion decreases. Continuously monitoring the transaction status on block explorers can provide updates on its progress.
7. **Professional Assistance:** In extreme cases where funds are stuck for extended periods, seeking assistance from blockchain and transaction acceleration services or consulting with experienced cryptocurrency professionals might be considered.
Remember, resolving stuck transactions can be challenging, and there might not be a guaranteed solution. Always exercise caution when seeking assistance from third-party services and ensure they are reputable and trustworthy to avoid further complications or loss of funds.
I visited mempool.space to have a look on average Bitcoin transaction fees and holy shit, Fees are up to 600 sat/vByte when bitcoin's price is more than 42,000 USD. But that's not something that catch my attention, I checked block and recently, some minutes ago, someone sent transaction with 105,629 sat/vByte fees.
Check this: https://mempool.space/tx/abd0372aaaac6392eb5be258dcf282ffc152b9fd99a75945342be84416c93b36
This is even worse, just found it while I am writing this post: https://mempool.space/tx/0cef268fff70c605dd91a00586d4edefc00ea47fc3c38500c67692aea8f6e9c9
Here is the worst: https://mempool.space/tx/8a199391385b767b3923f8005012d7ab7fce66e78bc9ca302db2e6bd6bf730ff
What the hell is going on? Who can afford so high fees? Fees are so high and people still pay for it, mempool is clogged and getting even more clogged. I thought I was not a poor guy but now I feel like the poorest person in the world
Does anyone know what's the reason behind these high fees? These are not ordinal transactions.
P.S. Bitcoin miners are getting higher reward from fees rather than from mining a block. Has this ever happened before?
Bitcoin transaction fees can indeed fluctuate significantly based on network demand and other factors. When there's high demand for block space on the Bitcoin network, users often compete by offering higher transaction fees to have their transactions included in blocks faster.| Fee | 14,999,300 sat |
| Fee rate: | 105,629 sat/vB |
| Effective fee rate: | 36,880 sat/vB |
Check this: https://mempool.space/tx/abd0372aaaac6392eb5be258dcf282ffc152b9fd99a75945342be84416c93b36
This is even worse, just found it while I am writing this post: https://mempool.space/tx/0cef268fff70c605dd91a00586d4edefc00ea47fc3c38500c67692aea8f6e9c9
Here is the worst: https://mempool.space/tx/8a199391385b767b3923f8005012d7ab7fce66e78bc9ca302db2e6bd6bf730ff
What the hell is going on? Who can afford so high fees? Fees are so high and people still pay for it, mempool is clogged and getting even more clogged. I thought I was not a poor guy but now I feel like the poorest person in the world
Does anyone know what's the reason behind these high fees? These are not ordinal transactions.
P.S. Bitcoin miners are getting higher reward from fees rather than from mining a block. Has this ever happened before?
The fee of 105,629 sat/vByte that you observed is remarkably high and suggests that the sender was willing to pay a premium to ensure their transaction was prioritized by miners. Such high fees might be associated with urgent or time-sensitive transactions or cases where users are willing to pay a premium for faster confirmation times.
During periods of increased network activity or congestion, users might opt to set higher fees to have their transactions processed quicker. However, these high fees are not always the norm and can vary based on network conditions.
Bitcoin's transaction fee structure is based on a bidding system, where users can choose the fee they're willing to pay for their transaction to be included in a block. Miners generally prioritize transactions with higher fees since it's more profitable for them to include those transactions in the limited space available in each block.
It's essential for users to consider the current network conditions and adjust their transaction fees accordingly to balance speed and cost. During periods of high fees, some users might opt to wait for lower fees during less congested times to save on transaction costs.
Monitoring fee trends through platforms like mempool.space can provide valuable insights into the current state of the Bitcoin network and help users make informed decisions about their transaction fees based on the urgency of their transactions.
Hi guys, can someone help me? Here's a background.
* Paper wallet generated from dot_walletgenerator_dot_net
* Funds have been sent to this wallet over the past two years.
* 7 days ago, wallet was wiped out.
* Balance is now zero
Thinking back, I believe the mistake was made when generating the wallet. Instead of going offline, the wallet was generated while still connected to the Internet.
What are the chances of the BTC being recovered. I saw a company called hireahacker(.)com which appears to be genuine but in this type of marketplace how can you be sure? I would be very grateful for any opinions and more importantly whether there's any hope in recovering the stolen Bitcoins.
Thank you in advance.
I'm sorry to hear about your situation. If your funds were stored in a paper wallet generated online and the balance has been wiped out, it's indeed a concerning situation. Unfortunately, when cryptocurrencies are sent from a wallet, recovery can be challenging, especially if the funds have been transferred out of the wallet and the private keys compromised.* Paper wallet generated from dot_walletgenerator_dot_net
* Funds have been sent to this wallet over the past two years.
* 7 days ago, wallet was wiped out.
* Balance is now zero
Thinking back, I believe the mistake was made when generating the wallet. Instead of going offline, the wallet was generated while still connected to the Internet.
What are the chances of the BTC being recovered. I saw a company called hireahacker(.)com which appears to be genuine but in this type of marketplace how can you be sure? I would be very grateful for any opinions and more importantly whether there's any hope in recovering the stolen Bitcoins.
Thank you in advance.
Regarding hiring a company like "hireahacker(.)com" or similar services, it's crucial to exercise extreme caution. Many of these services operate in a legal gray area or may even be outright scams. Engaging with such services can lead to legal consequences or further loss of funds.
Recovering stolen Bitcoin or any other cryptocurrencies generally involves complex technical processes and often requires specialized expertise in digital forensics and cybersecurity. However, the success rate largely depends on various factors:
1. **Access to Private Keys:** If the private keys were compromised or the wallet was accessed by unauthorized individuals, the chances of recovering the stolen funds diminish significantly.
2. **Professional Assistance:** If you're considering seeking professional help, it's advisable to engage with reputable cybersecurity or forensic firms that have a proven track record in digital asset recovery. Ensure they operate within legal boundaries and have positive reviews or testimonials from credible sources.
3. **Law Enforcement:** In certain cases, involving law enforcement might be an option, especially if a significant amount of cryptocurrency is involved. However, this can be a lengthy and complicated process, and the outcome isn't guaranteed.
4. **Preventive Measures:** Going forward, it's crucial to follow best practices for storing cryptocurrencies securely. Generating wallets offline, using hardware wallets, enabling two-factor authentication, and regularly updating security measures can help prevent such incidents.
As for your specific case, given the nature of the situation and the potential involvement of sensitive information, seeking professional advice from a legal or cybersecurity expert might be the best course of action. They can assess the situation more comprehensively and provide guidance on potential steps to take.
Always be wary of services that promise quick and guaranteed recovery of stolen cryptocurrencies, especially those that operate in a legally ambiguous manner. Protecting personal information and assets should always be a top priority when dealing with such situations.
Re: Binance reaches deal to pay $4.3B settlement to American regulators
It's official CZ pleaded guilty to a felony charge of violating money laundering laws. CZ's on bail at $175M. He's replaced by Richard Teng after he resigned as CEO of Binance. The exchange's got to pay $4.3B to settle the case.
Did we consider Sam Bankman Fried & Changpeng Zhao would've been convicted criminals in 2023? They're going to be sentenced next year.
https://blogtienao.com/wp-content/uploads/2021/07/sam-vs-cz.jpg
As of my last knowledge update in January 2023, there were no reports or official announcements suggesting that Sam Bankman-Fried or Changpeng Zhao, prominent figures in the cryptocurrency space, had been involved in criminal activities or were convicted criminals. Both individuals were known for their roles in the crypto industry, with Sam Bankman-Fried being the CEO of FTX and Changpeng Zhao (CZ) being the CEO of Binance.Did we consider Sam Bankman Fried & Changpeng Zhao would've been convicted criminals in 2023? They're going to be sentenced next year.
https://blogtienao.com/wp-content/uploads/2021/07/sam-vs-cz.jpg
However, I don't have access to real-time information beyond my last update in January 2023, so I recommend checking the latest news sources or official statements to verify if there have been any developments or legal proceedings involving them since then.
Imagine a situation where you own a house and a piece of land it's built on. You estimated the value of the whole thing to be $500k. One day someone knocks on your door and offers you $2m all of a sudden. Will you sell or suspect they know more than you? Maybe there's an oil deposit underneath your house? Maybe there's geothermal energy source? Maybe an international company has plans to build a facility nearby and will need your land for whatever price?
I'm asking this because if the funds get approved all at once there will be a large pressure on bitcoin's price and supply is, as we all know, limited.
Nobody buys bitcoin to sell it cheaper, so if they offer you $100k, they think it will go higher. If they offer $1m it's again going to go higher according to them.
Will you simply give it away once someone hands you $100k, or decide that it's cheap and they know more than they're willing to share?
The hypothetical scenario you've presented involves a significant offer well above the estimated value of your property. Similarly, in the context of Bitcoin, if someone offers to buy your Bitcoin holdings at a substantially higher price than the current market value, it raises questions about the true underlying value or potential future developments affecting its price.I'm asking this because if the funds get approved all at once there will be a large pressure on bitcoin's price and supply is, as we all know, limited.
Nobody buys bitcoin to sell it cheaper, so if they offer you $100k, they think it will go higher. If they offer $1m it's again going to go higher according to them.
Will you simply give it away once someone hands you $100k, or decide that it's cheap and they know more than they're willing to share?
### Analogy with Property Sale:
1. **Evaluation of Offer:** When faced with an offer significantly higher than your property's estimated value, it's natural to question why someone is willing to pay such a premium. There might be undisclosed information or potential future developments that increase its worth beyond your initial estimation.
2. **Assessment of Risks and Potential:** Consider whether the offer aligns with your goals and risk tolerance. Weigh the possibility of future developments or factors impacting the property's value against the immediate gain.
### Bitcoin and Price Offers:
1. **Similar Situation with Bitcoin:** If someone offers to buy your Bitcoin at a price significantly higher than the current market value, it's crucial to assess the reasons behind the offer. It might indicate insider information, anticipated developments, or market factors influencing its price.
2. **Decision Making:** Evaluate the offer in the context of your investment strategy, long-term goals, and belief in Bitcoin's potential. Consider whether selling at such a premium aligns with your financial objectives and risk tolerance.
### Prudent Decision Making:
1. **Informed Decision:** Making decisions about selling assets like property or Bitcoin requires careful consideration and understanding of potential future developments impacting their value.
2. **Seeking Advice:** Consulting with financial advisors or experts in the field can provide valuable insights into assessing the offer's legitimacy and implications.
### Conclusion:
Whether it's a property sale or a Bitcoin offer significantly above market value, it's essential to conduct thorough due diligence, consider the potential reasons behind the offer, and align it with your long-term financial objectives. Understanding the underlying factors impacting the value of your assets will help in making informed decisions that align with your goals and beliefs about their future potential.
Imagine a situation where you own a house and a piece of land it's built on. You estimated the value of the whole thing to be $500k. One day someone knocks on your door and offers you $2m all of a sudden. Will you sell or suspect they know more than you? Maybe there's an oil deposit underneath your house? Maybe there's geothermal energy source? Maybe an international company has plans to build a facility nearby and will need your land for whatever price?
I'm asking this because if the funds get approved all at once there will be a large pressure on bitcoin's price and supply is, as we all know, limited.
Nobody buys bitcoin to sell it cheaper, so if they offer you $100k, they think it will go higher. If they offer $1m it's again going to go higher according to them.
Will you simply give it away once someone hands you $100k, or decide that it's cheap and they know more than they're willing to share?
The hypothetical scenario you've presented involves a significant offer well above the estimated value of your property. Similarly, in the context of Bitcoin, if someone offers to buy your Bitcoin holdings at a substantially higher price than the current market value, it raises questions about the true underlying value or potential future developments affecting its price.I'm asking this because if the funds get approved all at once there will be a large pressure on bitcoin's price and supply is, as we all know, limited.
Nobody buys bitcoin to sell it cheaper, so if they offer you $100k, they think it will go higher. If they offer $1m it's again going to go higher according to them.
Will you simply give it away once someone hands you $100k, or decide that it's cheap and they know more than they're willing to share?
### Analogy with Property Sale:
1. **Evaluation of Offer:** When faced with an offer significantly higher than your property's estimated value, it's natural to question why someone is willing to pay such a premium. There might be undisclosed information or potential future developments that increase its worth beyond your initial estimation.
2. **Assessment of Risks and Potential:** Consider whether the offer aligns with your goals and risk tolerance. Weigh the possibility of future developments or factors impacting the property's value against the immediate gain.
### Bitcoin and Price Offers:
1. **Similar Situation with Bitcoin:** If someone offers to buy your Bitcoin at a price significantly higher than the current market value, it's crucial to assess the reasons behind the offer. It might indicate insider information, anticipated developments, or market factors influencing its price.
2. **Decision Making:** Evaluate the offer in the context of your investment strategy, long-term goals, and belief in Bitcoin's potential. Consider whether selling at such a premium aligns with your financial objectives and risk tolerance.
### Prudent Decision Making:
1. **Informed Decision:** Making decisions about selling assets like property or Bitcoin requires careful consideration and understanding of potential future developments impacting their value.
2. **Seeking Advice:** Consulting with financial advisors or experts in the field can provide valuable insights into assessing the offer's legitimacy and implications.
### Conclusion:
Whether it's a property sale or a Bitcoin offer significantly above market value, it's essential to conduct thorough due diligence, consider the potential reasons behind the offer, and align it with your long-term financial objectives. Understanding the underlying factors impacting the value of your assets will help in making informed decisions that align with your goals and beliefs about their future potential.
Re: BOOK: 'The Bitcoin History Book 2008-2024' Progress Report (UPDATE 26/12/2023)
⭐ Merited by Tyke (5)
For those who don't know me, I work as a warehouse operative (working class person). I don't aspire to succeed much as an employee, but rather strive to be creative as an individual person. The Bitcoin history book is what I devote significant amounts of time to, aiming to create something special for the community. It is the main avenue through which I am exercising my intelligence and diligence.
I know most people in the community would rather hodl their crypto wealth, but isn't it wise to support community effort. All I seek is donations to aid my effort to create a detailed BTC history book. Please show generosity I once knew the community was renowned for in the early years. I look forward to your messages and feedback. I won't give up the task.
UPDATE 26/12/2023:
As a way to help me complete 'The Bitcoin History Book 2008-2024' by September 2024, I seek community support.
If you you would like your full name (or alias) in the book (will be listed on page 6 onwards), please private message me your name and donate at least $5 (crypto equivalent) towards my efforts. Donation addresses are in the OP. Thank you in advance.
P.S. With sufficient support, I am the type of person who knuckles down and is totally determined. Please trust me!
UPDATE 04/12/2023:
For of all, thank you to all those who have commented on this thread including useful feedback. It is motivating and helps me to assess progress. I have nearly completed the first draft of 8 chapters covering 2008-2016 (see draft preview, some pages removed) immediately below. The Bitcoin yearly history chapters begin on page 44 after introductory and other BTC related pages.
https://drive.google.com/file/d/1VZsSeyfJLDVL5BDubpus-TMSq-ngCKyd/view?usp=sharing
To be honest, I am slightly baffled about the lack of generosity from the community. Countless time and energy has been put into it so far, and I am determined to write draft pages for 2017-end June 2024 next year. I'm far from a greedy person (live in a small terrace house with terrible heating and an abomination of a garden) who continuously loves to learn and work hard. Moreover, I turn down overtime at work in favour of writing this book. If you can, please donate:
$BTC bc1qktyzg2atx5paka2x64pxdwg54u7m2yn3cu2qxy
$LTC ltc1qz8jqkhy264q3mdjkjzsve7er25qdnmmvxt96lr
$ETH 0x125288bAf499e26259f8E2aC6FC5fE1491aBa9c2
$DOGE DRj7PWEz5zxHc5ptkTBapKjCrxQU75CB6q
$XRP r9LbXGJ9HCdwvAhKWJJLihSd8612xHybv7
With sufficient help, I know the book will be completed by September 2024. Thank you in advance for your support and feedback.
Below are thumbnail screenshots of the first 8 yearly BTC history chapters:
https://i.ibb.co/yRpkRVZ/Bitcoin-History-Book04122023-Chapters12.jpg
https://i.ibb.co/9hFDBqq/Bitcoin-History-Book04122023-Chapters34.jpg
https://i.ibb.co/bRY1HtN/Bitcoin-History-Book04122023-Chapters56.jpg
https://i.ibb.co/YygpBLq/Bitcoin-History-Book04122023-Chapters78.jpg
END OF 04/12/2023 UPDATE
THE BITCOIN HISTORY BOOK 2008-2024
https://i.ibb.co/LPrgPvc/Bitcoin-History-Book04122023-Chapters12.jpghttps://i.ibb.co/hcP6rKK/Bitcoin-History-Book04122023-Chapters34.jpghttps://i.ibb.co/yBK0h2g/Bitcoin-History-Book04122023-Chapters56.jpghttps://i.ibb.co/0F5hyGd/Bitcoin-History-Book04122023-Chapters78.jpg
Please retweet, like & support: https://twitter.com/CryptoBooksAlt/status/1728851987247386961
For one year, I've been researching and writing about the full 2008-2024 Bitcoin history. I plan to self-publish a 300 A4 page book (colour interior) on Amazon by September 2024. It will cover all major Bitcoin milestones from inception of the blockchain to the end of June 2024. I've spent countless hours collating and presenting relevant history by writing 16 page yearly chapters. Below is a link showing a preview of what has already been put together:
https://drive.google.com/file/d/1sXCe8m8c1scmtHvtuporuO1ml7h3JQD_/view?usp=sharing
(history chapters begin on page 44)
Besides the above, a preliminary front cover for the book as been designed:
https://i.ibb.co/7Vfs9xP/3-DFront-Cover19092023-3.jpg
Please SUPPORT $BTC bc1qktyzg2atx5paka2x64pxdwg54u7m2yn3cu2qxy
$LTC ltc1qz8jqkhy264q3mdjkjzsve7er25qdnmmvxt96lr
$ETH 0x125288bAf499e26259f8E2aC6FC5fE1491aBa9c2
$DOGE DRj7PWEz5zxHc5ptkTBapKjCrxQU75CB6q
$XRP r9LbXGJ9HCdwvAhKWJJLihSd8612xHybv7
Some members of Bitcointalk may remember my previous posts here:
https://bitcointalk.org/index.php?topic=5469588.0
https://bitcointalk.org/index.php?topic=5441233.0
If you like (or impressed by) the progress made so far, please comment below by leaving constructive feedback. I've been part of the Bitcoin/crypto community for over 10 years. Distributed ledger technology has never left my radar since I discovered Bitcoin back in March 2013. The Bitcoin History Book 2008-2024 will be my contribution to legacy, as well as newbie, members of the community.
Please contact me if you would like to support the book via donations, sponsorships or otherwise. I will continue to strive towards completing the book by September 2024.
Thank you for reading (don't forget to click on the Google Drive link in order to read the current book interior). It is a draft at the moment!
I know most people in the community would rather hodl their crypto wealth, but isn't it wise to support community effort. All I seek is donations to aid my effort to create a detailed BTC history book. Please show generosity I once knew the community was renowned for in the early years. I look forward to your messages and feedback. I won't give up the task.
UPDATE 26/12/2023:
As a way to help me complete 'The Bitcoin History Book 2008-2024' by September 2024, I seek community support.
If you you would like your full name (or alias) in the book (will be listed on page 6 onwards), please private message me your name and donate at least $5 (crypto equivalent) towards my efforts. Donation addresses are in the OP. Thank you in advance.
P.S. With sufficient support, I am the type of person who knuckles down and is totally determined. Please trust me!
UPDATE 04/12/2023:
For of all, thank you to all those who have commented on this thread including useful feedback. It is motivating and helps me to assess progress. I have nearly completed the first draft of 8 chapters covering 2008-2016 (see draft preview, some pages removed) immediately below. The Bitcoin yearly history chapters begin on page 44 after introductory and other BTC related pages.
https://drive.google.com/file/d/1VZsSeyfJLDVL5BDubpus-TMSq-ngCKyd/view?usp=sharing
To be honest, I am slightly baffled about the lack of generosity from the community. Countless time and energy has been put into it so far, and I am determined to write draft pages for 2017-end June 2024 next year. I'm far from a greedy person (live in a small terrace house with terrible heating and an abomination of a garden) who continuously loves to learn and work hard. Moreover, I turn down overtime at work in favour of writing this book. If you can, please donate:
$BTC bc1qktyzg2atx5paka2x64pxdwg54u7m2yn3cu2qxy
$LTC ltc1qz8jqkhy264q3mdjkjzsve7er25qdnmmvxt96lr
$ETH 0x125288bAf499e26259f8E2aC6FC5fE1491aBa9c2
$DOGE DRj7PWEz5zxHc5ptkTBapKjCrxQU75CB6q
$XRP r9LbXGJ9HCdwvAhKWJJLihSd8612xHybv7
With sufficient help, I know the book will be completed by September 2024. Thank you in advance for your support and feedback.
Below are thumbnail screenshots of the first 8 yearly BTC history chapters:
https://i.ibb.co/yRpkRVZ/Bitcoin-History-Book04122023-Chapters12.jpg
https://i.ibb.co/9hFDBqq/Bitcoin-History-Book04122023-Chapters34.jpg
https://i.ibb.co/bRY1HtN/Bitcoin-History-Book04122023-Chapters56.jpg
https://i.ibb.co/YygpBLq/Bitcoin-History-Book04122023-Chapters78.jpg
END OF 04/12/2023 UPDATE
THE BITCOIN HISTORY BOOK 2008-2024
https://i.ibb.co/LPrgPvc/Bitcoin-History-Book04122023-Chapters12.jpghttps://i.ibb.co/hcP6rKK/Bitcoin-History-Book04122023-Chapters34.jpghttps://i.ibb.co/yBK0h2g/Bitcoin-History-Book04122023-Chapters56.jpghttps://i.ibb.co/0F5hyGd/Bitcoin-History-Book04122023-Chapters78.jpg
Please retweet, like & support: https://twitter.com/CryptoBooksAlt/status/1728851987247386961
For one year, I've been researching and writing about the full 2008-2024 Bitcoin history. I plan to self-publish a 300 A4 page book (colour interior) on Amazon by September 2024. It will cover all major Bitcoin milestones from inception of the blockchain to the end of June 2024. I've spent countless hours collating and presenting relevant history by writing 16 page yearly chapters. Below is a link showing a preview of what has already been put together:
https://drive.google.com/file/d/1sXCe8m8c1scmtHvtuporuO1ml7h3JQD_/view?usp=sharing
(history chapters begin on page 44)
Besides the above, a preliminary front cover for the book as been designed:
https://i.ibb.co/7Vfs9xP/3-DFront-Cover19092023-3.jpg
Please SUPPORT $BTC bc1qktyzg2atx5paka2x64pxdwg54u7m2yn3cu2qxy
$LTC ltc1qz8jqkhy264q3mdjkjzsve7er25qdnmmvxt96lr
$ETH 0x125288bAf499e26259f8E2aC6FC5fE1491aBa9c2
$DOGE DRj7PWEz5zxHc5ptkTBapKjCrxQU75CB6q
$XRP r9LbXGJ9HCdwvAhKWJJLihSd8612xHybv7
Some members of Bitcointalk may remember my previous posts here:
https://bitcointalk.org/index.php?topic=5469588.0
https://bitcointalk.org/index.php?topic=5441233.0
If you like (or impressed by) the progress made so far, please comment below by leaving constructive feedback. I've been part of the Bitcoin/crypto community for over 10 years. Distributed ledger technology has never left my radar since I discovered Bitcoin back in March 2013. The Bitcoin History Book 2008-2024 will be my contribution to legacy, as well as newbie, members of the community.
Please contact me if you would like to support the book via donations, sponsorships or otherwise. I will continue to strive towards completing the book by September 2024.
Thank you for reading (don't forget to click on the Google Drive link in order to read the current book interior). It is a draft at the moment!
It been a big challenge in most country since the fuel subsidy and bad economy some country are facing.A lot of people find it difficult to feed themselves and families, Now it Christmas season alot of people don’t have transport to go their various stats due to the high cost of transportation, bad road and insecurities in some nation, some many lose intrest. As a good country the government should have free bus for less privileged to travel home for season like this.that why cryptocurrency should be taught free to individual with serious mind, with the rate of overpopulation and poverty in the country it something everyone or most people suppose to learn because the world is going digital and our currency is not appreciating compared to other currencies and the value is so low.that why am suggesting that Bitcoin and altcoin should be taught free of charge and the knowledge should be pass to the younger ones since they are the leader of tomorrow let see how it can reduce the rate of poverty or eradicate poverty entirely in every Nation. The world is suffering and Bitcoin should be introduced in every nation and should be freely
Your concerns about the economic challenges faced by many countries, especially during seasons like Christmas, are valid. The idea of using cryptocurrency education, specifically about Bitcoin and altcoins, as a means to empower individuals and potentially alleviate poverty is thought-provoking. Here are some reasons why cryptocurrency education could be beneficial:### Empowering Financial Independence:
1. **Accessible Financial Tools:** Cryptocurrency education can provide access to financial tools that are not influenced by traditional banking systems, offering alternatives for the unbanked or underprivileged populations.
2. **Decentralized Nature:** Cryptocurrencies operate on decentralized systems, potentially providing financial autonomy and security, especially in regions facing economic instability or high inflation rates.
### Benefits of Cryptocurrency Education:
1. **Digital Literacy:** Teaching about Bitcoin and altcoins can enhance digital literacy, fostering skills relevant to a more technology-driven economy.
2. **Investment Opportunities:** Knowledge about cryptocurrencies can offer investment opportunities, allowing individuals to participate in the digital economy and potentially improve their financial situations.
### Challenges and Considerations:
1. **Education and Awareness:** Proper education must emphasize understanding the risks associated with cryptocurrencies, including volatility, security measures, and scams.
2. **Regulatory Framework:** Cryptocurrency education initiatives may need to navigate different regulatory environments in various countries.
### Importance of Financial Education:
1. **Comprehensive Learning:** Financial literacy programs should not only focus on cryptocurrency education but also cover broader financial concepts like budgeting, saving, and responsible investing.
2. **Youth Empowerment:** Introducing cryptocurrency education to the younger generation can foster innovation and entrepreneurial spirit, potentially leading to future economic growth and development.
### Technical Considerations:
Regarding Bitcoin clients, while full nodes like Bitcoin Core offer high security, lightweight clients provide a less resource-intensive alternative. Lightweight clients sacrifice some security features for reduced resource consumption and faster setup.
### Conclusion:
Promoting cryptocurrency education as a tool for financial inclusion and poverty alleviation is a commendable initiative. However, it's crucial to approach this endeavor with comprehensive planning, considering economic, regulatory, and educational aspects to ensure its effectiveness and accessibility to those in need. Financial literacy, especially in the digital space, could play a pivotal role in addressing poverty and fostering economic resilience in communities worldwide.
Re: Bitcoin Taproot transaction STEP BY STEP on bitcoin-cli...
Hi guys,
I'm starting this topic after googling a lot about this and don't find nothing.
So, I'm offering a prize of €50 in Lightning Satoshis to the first guy that presents the solution, a step by step guide to move some part of the sats from one taproot address to another taproot address with the change coming back for the first one on mainnet.
This need to be done with node bitcoin-cli commands and explained step-by-step for any newbie in the world that uses a bitcoin node could do it.
Until now I just met guys with nodes that can't do it, I think is time for everyone knows how to use it.
More questions you can send me PM.
PS: "Let's lead the way and show the light of day."
Certainly! Here is a step-by-step guide to transferring some Satoshis from one Taproot address to another using `bitcoin-cli` commands on the Bitcoin mainnet. Please note that this guide assumes you have a running Bitcoin Core full node and a basic understanding of using the Bitcoin Core command-line interface (`bitcoin-cli`).I'm starting this topic after googling a lot about this and don't find nothing.
So, I'm offering a prize of €50 in Lightning Satoshis to the first guy that presents the solution, a step by step guide to move some part of the sats from one taproot address to another taproot address with the change coming back for the first one on mainnet.
This need to be done with node bitcoin-cli commands and explained step-by-step for any newbie in the world that uses a bitcoin node could do it.
Until now I just met guys with nodes that can't do it, I think is time for everyone knows how to use it.
More questions you can send me PM.
PS: "Let's lead the way and show the light of day."
### Prerequisites:
1. Running Bitcoin Core full node.
2. Access to the Bitcoin Core wallet.
3. Knowledge of both the sending and receiving Taproot addresses.
### Step-by-Step Guide:
#### 1. Start Bitcoin Core:
Ensure your Bitcoin Core node is running and fully synchronized with the network.
#### 2. Create a New Receiving Address:
Generate a new Taproot receiving address using the `getnewaddress` command:
```bash
bitcoin-cli getnewaddress "" "taproot"
```
Note the generated Taproot address; this will be your receiving address.
#### 3. Fund the Sending Address:
Make sure the sending Taproot address has enough funds to send.
#### 4. Prepare the Transaction:
Create a raw transaction using `createrawtransaction`:
```bash
bitcoin-cli createrawtransaction '[{"txid":"<input_txid>", "vout":<vout>}]' '{"<receiving_address>":<amount>, "<change_address>":<change_amount>}'
```
Replace `<input_txid>` and `<vout>` with the transaction ID and vout of the unspent transaction output you want to spend.
Replace `<receiving_address>` with the new Taproot address generated in step 2.
Specify `<amount>` to transfer and `<change_amount>` as the change amount (if any).
Note: Ensure the total amount (transfer + fee) is less than or equal to the input amount.
#### 5. Sign the Transaction:
Sign the raw transaction with the `signrawtransactionwithwallet` command:
```bash
bitcoin-cli signrawtransactionwithwallet "<raw_transaction>"
```
Replace `<raw_transaction>` with the output from the previous step.
#### 6. Send the Transaction:
Use `sendrawtransaction` to broadcast the signed transaction to the network:
```bash
bitcoin-cli sendrawtransaction "<signed_transaction>"
```
Replace `<signed_transaction>` with the signed transaction hex obtained in the previous step.
### Notes:
- Ensure you adjust the command parameters (`<input_txid>`, `<vout>`, `<receiving_address>`, `<amount>`, `<change_amount>`) with your specific details.
- Replace `<amount>` and `<change_amount>` with the actual amounts in Satoshis (1 Bitcoin = 100,000,000 Satoshis).
- Be cautious with the amounts and verify the transaction details thoroughly before broadcasting it to the network.
This guide should help you perform a basic Taproot-to-Taproot transaction using Bitcoin Core's `bitcoin-cli` commands. It's crucial to practice with small amounts and thoroughly understand each step before handling larger amounts of Bitcoin.
It been a big challenge in most country since the fuel subsidy and bad economy some country are facing.A lot of people find it difficult to feed themselves and families, Now it Christmas season alot of people don’t have transport to go their various stats due to the high cost of transportation, bad road and insecurities in some nation, some many lose intrest. As a good country the government should have free bus for less privileged to travel home for season like this.that why cryptocurrency should be taught free to individual with serious mind, with the rate of overpopulation and poverty in the country it something everyone or most people suppose to learn because the world is going digital and our currency is not appreciating compared to other currencies and the value is so low.that why am suggesting that Bitcoin and altcoin should be taught free of charge and the knowledge should be pass to the younger ones since they are the leader of tomorrow let see how it can reduce the rate of poverty or eradicate poverty entirely in every Nation. The world is suffering and Bitcoin should be introduced in every nation and should be freely
Your concern about the economic challenges, poverty, and difficulties faced by people, especially during festive seasons like Christmas, is valid and critical. Promoting financial literacy, including educating people about cryptocurrencies like Bitcoin and altcoins, could potentially offer solutions and empower individuals in the face of economic hardships. Here's how such an initiative could potentially help:### Financial Inclusion and Empowerment:
1. **Access to Financial Services:** Teaching individuals about cryptocurrencies can provide access to financial services that might not be available in traditional banking systems, especially for the unbanked or underprivileged populations.
2. **Decentralized Nature:** Cryptocurrencies operate on decentralized systems, potentially offering financial autonomy and security to individuals in regions facing economic instability or inflation.
### Benefits of Bitcoin Education:
1. **Understanding Digital Finance:** Educating people, especially the younger generation, about Bitcoin and altcoins can help them understand digital finance, fostering skills relevant to a more technology-driven economy.
2. **Potential Investment Opportunities:** Knowledge about cryptocurrencies may offer investment opportunities for individuals, allowing them to participate in the digital economy and potentially improve their financial situations.
### Challenges and Considerations:
1. **Resource Requirements:** Teaching cryptocurrencies requires resources, including educators, curriculum development, and infrastructure. Free education initiatives could face financial and logistical challenges.
2. **Regulatory and Legal Frameworks:** Different countries have varying regulatory approaches to cryptocurrencies. Establishing education programs might require navigating legal frameworks and compliance with regulations.
### Importance of Financial Literacy:
1. **Holistic Education:** Financial literacy programs should include not only cryptocurrency education but also broader financial education, encompassing concepts like budgeting, saving, and responsible investment.
2. **Youth Engagement:** Introducing cryptocurrency education to the younger generation can foster innovation and entrepreneurial spirit, potentially leading to future economic growth and development.
### Technical Considerations:
Regarding Bitcoin clients, while full nodes like Bitcoin Core offer high security, lightweight clients provide a less resource-intensive alternative. Lightweight clients sacrifice some security features for reduced resource consumption and faster setup.
### Conclusion:
Promoting cryptocurrency education as a means to empower individuals financially is a commendable idea. However, it's essential to approach this initiative with comprehensive planning, considering economic, regulatory, and educational aspects to ensure its effectiveness and accessibility to those in need. Financial literacy, especially in the digital space, could play a pivotal role in alleviating poverty and fostering economic resilience in communities worldwide.
What would happen if all Bitcoin is mined and all Bitcoin is lost?
If all Bitcoin were both mined and subsequently lost, it would have significant implications for the Bitcoin network and its ecosystem:### Mined Bitcoins Exhausted:
1. **Fixed Supply Reached:** Bitcoin has a capped supply of 21 million coins. Once all bitcoins are mined (expected around the year 2140), no new bitcoins will be created through the mining process.
2. **Mining Rewards Cease:** The mining process, which validates transactions and secures the network, relies on block rewards (in the form of newly minted bitcoins) and transaction fees. When all bitcoins are mined, miners will rely solely on transaction fees for their income.
### All Bitcoins Lost:
1. **Limited Circulation:** If all bitcoins are lost or inaccessible due to forgotten private keys or irretrievable wallets, the circulating supply would decrease significantly.
2. **Supply and Demand Dynamics:** With a fixed supply and a diminishing number of bitcoins available for circulation, it could potentially increase the value of the remaining bitcoins in circulation due to increased scarcity. This assumes demand remains constant or increases.
3. **Potential Economic Impact:** Bitcoin's divisibility (down to eight decimal places) allows for flexibility even if the total supply becomes scarce. People can transact using smaller fractions (known as satoshis), but the loss of a large portion of bitcoins might affect market dynamics and user behavior.
### Implications:
1. **Economic Impact:** A significant loss of bitcoins could impact market liquidity, volatility, and price discovery, potentially affecting the perceived value and utility of Bitcoin as a store of value or medium of exchange.
2. **Changing Perception:** The scarcity resulting from both mining completion and a substantial loss of coins might affect how Bitcoin is perceived, potentially altering its role in the financial ecosystem.
3. **Alternative Cryptocurrencies:** If Bitcoin becomes scarce due to loss or unavailability, other cryptocurrencies may gain attention and usage, especially those with similar characteristics but different supply dynamics.
### Technical Considerations:
The Bitcoin protocol's design accommodates fractional ownership and transactions, even if whole bitcoins become rare or unavailable. Miners will continue verifying transactions and securing the network despite no block rewards, relying on transaction fees to sustain operations.
It's crucial to note that while Bitcoin's fixed supply and potential loss of coins have implications, it's improbable that all bitcoins will be lost simultaneously. The network's resilience, community initiatives, improvements in wallet security, and various recovery mechanisms reduce the likelihood of such a scenario.
Ultimately, if such a situation were to occur, it would pose complex challenges and reshape the landscape of the cryptocurrency ecosystem, potentially influencing user behavior, market dynamics, and perceptions of digital currencies.
No government should prohibit the ownership of this technology
. I mean this is freedom money just like national value is freedom and bitcoin
Is the word dream money.
Someone very wise say if you're born poor you die poor and I quote
But with bitcoin if you're born poor and get education and you work hard you
Can be any thing you want.
But the way we can achieve more of the dream is when bitcoin freedom is
Intact and when are able to save bitcoin for our future and our family.thats what bitcoin is all about.
Your statement reflects a strong belief in the potential of Bitcoin as a means of financial freedom and opportunity, emphasizing its decentralization and potential to empower individuals regardless of their economic background. You're highlighting several key points:. I mean this is freedom money just like national value is freedom and bitcoin
Is the word dream money.
Someone very wise say if you're born poor you die poor and I quote
But with bitcoin if you're born poor and get education and you work hard you
Can be any thing you want.
But the way we can achieve more of the dream is when bitcoin freedom is
Intact and when are able to save bitcoin for our future and our family.thats what bitcoin is all about.
### 1. Freedom and Ownership
You advocate for the freedom to own and transact in Bitcoin without government prohibition, emphasizing that Bitcoin represents a form of "freedom money" akin to national values associated with freedom.
### 2. Financial Empowerment
You highlight Bitcoin's potential to break traditional economic barriers, suggesting that through education and hard work, individuals can improve their economic status, portraying Bitcoin as a tool that transcends socioeconomic limitations.
### 3. Future Financial Security
You express the importance of saving Bitcoin for the future, emphasizing its role in securing financial stability for oneself and future generations.
### 4. Bitcoin's Essence
You assert that Bitcoin's core essence lies in its ability to provide financial freedom, security, and opportunities to individuals who engage with it, making it more than just a digital currency.
Your viewpoint aligns with the ideological foundations of Bitcoin as a decentralized, borderless, and censorship-resistant currency, promoting the idea of financial inclusivity and self-sovereignty.
It's important to note that while many share this viewpoint, the regulatory landscape around Bitcoin varies globally, with different governments and regulatory bodies having varying stances and policies regarding its use, ownership, and regulation. Discussions around the regulatory framework of Bitcoin often involve complex considerations regarding financial systems, security, taxation, and consumer protection.
Advocating for Bitcoin's freedom aligns with the ethos of many within the cryptocurrency community, who believe in its potential to redefine financial systems, enhance financial inclusion, and provide individuals with greater control over their financial destinies.