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Showing 20 of 313 results by mr.mister
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Board Bitcoin Technical Support
Re: How to Hide Your Bitcoin Transaction (Without CoinJoin)
by
mr.mister
on 26/07/2025, 11:03:36 UTC
Once you come out of a mixer or coinjoin, you could send your coins 2 or 3 more times to other addresses, within some time. Maybe something like this will help. I can't help but think that if mixers and coinjoin were such a problem, that you would see accounts frozen and flags all over the place and we are not seeing that. I know accounts do get suspended, but is it really happening at such a high level? Does not appear to be the case. Coinjoin has a lot of daily traffic.
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Board Bitcoin Discussion
Re: Devaluation of bitcoin as an option for massive adoption (Innovation).
by
mr.mister
on 25/07/2025, 11:44:42 UTC
Having had interest for bitcoin among all altcoin, I tried to imagine if the price of bitcoin is reduced to atleast 80% so that It can be affordable, and before this is done a proper warning is sent to all the users and holders so that they can sell before time to avoid lost on their part and buy back when it is stable and relatively cheap.
The world is now digitalise where induction, orientation and serious campaign about bitcoin is prevailing but the major constraint for adoption is the price which had made old users to benefit from the system. For instance to own a bitcoin in my country is above a million naira. Where will one get this money from as a newbie. Let it not be as if there is no hope for us that are new to the ecosystem.

Why do you want bitcoin to pullback to 20%? When you look at the 4 year cycle, no matter what price you bought at, you "are in the money". Furthermore, There will be no warnings about price fluctuations, but you should not be worried about fluctuations if you are a long term holder. Again I point you to the 4 year cycle..... 
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Board Bitcoin Discussion
Re: 1 Million Enough?
by
mr.mister
on 22/07/2025, 23:33:04 UTC
Buy and hodl for the long term. You'll be o.k.
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Board Beginners & Help
Merits 1 from 1 user
Re: My 2 big reasons why we should use SegWit addresses instead of Legacy addresses
by
mr.mister
on 22/07/2025, 11:18:07 UTC
⭐ Merited by vapourminer (1)
I have since moved my addresses to native segwit. I thought about this, and the main reason for doing so, was privacy, since most addresses being used on network are bc1q.
It’s good but If it’s about privacy, then just using Native segwit  doesn’t guarantee your privacy[don’t get me wrong..as I’m not against segwit ], Privacy has to do with the way you move your coins and declare your addresses.. With segwit you have cheaper transaction fees anyways which can help you save some sats when you want to do any future consolidation of UTXOs( since you said you’re used to doing that )

I totally agree. I will be setting up my own node, with private electrum server next. Going to native segwit was the first part, should have mentioned it in previous post.
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Board Beginners & Help
Re: My 2 big reasons why we should use SegWit addresses instead of Legacy addresses
by
mr.mister
on 22/07/2025, 05:42:55 UTC
I have since moved my addresses to native segwit. I thought about this, and the main reason for doing so, was privacy, since most addresses being used on network are bc1q. Therefore I feel that I fit into the crowd better, vs using 1- legacy addresses stand out.
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Board Bitcoin Discussion
Re: Chances to buy Bitcoin back
by
mr.mister
on 22/07/2025, 04:15:10 UTC
For those who talk about corrections and mention history, BTC is much more mature than it used to be. You might see corrections, but unlikely like in the past. I doubt it will go below 100k ever again, honestly. We are seeing some of the last moments to buy it cheap.
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Board Bitcoin Discussion
Re: Chances to buy Bitcoin back
by
mr.mister
on 21/07/2025, 22:13:05 UTC
I won't give you advice, however I will mention two things. 1) Dollar cost average is the most sensible way to invest in bitcoin. If you are not familiar with it, look it up, you will find plenty of information on it and 2) Time in the market > (is greater than)  timing the market. Make what you will of those two things.
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Board Bitcoin Discussion
Re: What is your message to the real Satoshi?
by
mr.mister
on 21/07/2025, 21:01:54 UTC
I would thank him for his creation and more even for staying anonymous. Finally I would ask him to send his 1 million plus coins to the burn address, to make certain, that no one will ever think that those coins will ever be spent and hurt the project.....
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Board Development & Technical Discussion
Re: Can public key be derived from private key?
by
mr.mister
on 21/07/2025, 18:02:50 UTC
Everyone here is partly right, but the disagreement is mostly semantic, not technical.

Yes, a private key can theoretically be derived from a public key. That’s basic math. The mapping is bijective — for every valid public key, there's exactly one corresponding private key, based on the elliptic curve parameters.

But — and this is the critical part — the process is computationally infeasible with today’s hardware and known algorithms. That’s the foundation of Bitcoin’s security. The elliptic curve discrete logarithm problem (ECDLP) is not mathematically impossible to reverse — it's just so hard that even a trillion computers working for a billion years wouldn’t crack a single key.

So:

 Yes — possible in theory (mathematically speaking).

 No — not feasible in practice (computationally speaking).

This is why we say Bitcoin is secure. Not because it's unbreakable in the abstract, but because it’s practically unbreakable without a major cryptographic or quantum breakthrough.

Let’s not confuse “possible” with “realistic.”
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Board Bitcoin Discussion
Re: your bitcoin is not yours.
by
mr.mister
on 21/07/2025, 11:40:19 UTC
I’ve considered setting up a time lock on my Bitcoin, but only if it can be done directly from my Coldcard MK4. Ideally, I’d like to create a wallet that functions like any normal wallet — able to receive funds at any time — but with the ability to restrict spending until a specific date or block height. That would be perfect.

That said, I don’t feel it’s strictly necessary for me. I already use a two-wallet system: one for long-term holding, and another for spending. The long-term wallet is exactly that — set aside for 10 years or more. I continue to add to it whenever I can.

The key to preserving long-term holdings, in my view, is budgeting. You need to be honest about your upcoming expenses and avoid sending money you might need to your long-term wallet. Keep that money in fiat or your spending wallet instead.
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Board Bitcoin Discussion
Re: The Idea of Cryptocurrency strategic reserve may be skewed.
by
mr.mister
on 05/03/2025, 09:51:25 UTC

BEWARE:

Don't sell any of your bitcoins, to buy any of those supposedly other assets announced as part of the reserve, XRP, SOL, ETH, and ADA was it? As those coins will just be used to take your bitcoins away.

To me, none of this makes any sense, and it should NOT be trusted, even BTC as a reserve, because why would  Trump be allowed to announce / confirm this before having the strategic assets , and permit other governments to front run the US in their purchase? Obviously no other government has believed this.

It all seems phony and suspect to me tread very carefully people.
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Board Bitcoin Technical Support
Merits 5 from 1 user
Re: Help Unable to export private key
by
mr.mister
on 21/02/2025, 19:21:36 UTC
⭐ Merited by NotATether (5)
One option is, if you're having trouble exporting the private key(s) is to just send all of  your btc to another wallet that uses a mnemonic phrase, and allows for keys to be exported. Problem solved.
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Topic
Board Bitcoin Discussion
Re: Devaluation of bitcoin as an option for massive adoption (Innovation).
by
mr.mister
on 21/02/2025, 10:00:02 UTC
Having had interest for bitcoin among all altcoin, I tried to imagine if the price of bitcoin is reduced to atleast 80% so that It can be affordable, and before this is done a proper warning is sent to all the users and holders so that they can sell before time to avoid lost on their part and buy back when it is stable and relatively cheap.
The world is now digitalise where induction, orientation and serious campaign about bitcoin is prevailing but the major constraint for adoption is the price which had made old users to benefit from the system. For instance to own a bitcoin in my country is above a million naira. Where will one get this money from as a newbie. Let it not be as if there is no hope for us that are new to the ecosystem.

It sounds like you regret not buying Bitcoin earlier. However, the idea that Bitcoin's price could be deliberately reduced by 80% to make it more affordable is purely wishful thinking. Markets don’t function that way.

Bitcoin, like any other asset, is priced based on supply and demand. Its value is determined by market participants—buyers and sellers—rather than some central authority that can arbitrarily lower its price. If Bitcoin were to drop significantly, it would likely be due to market forces, not a coordinated decision to make it cheaper for new investors.

Moreover, the notion of warning all holders in advance so they can sell before a price drop contradicts how financial markets work. If such an announcement were possible, panic selling would likely drive the price down even further, creating extreme volatility.

While Bitcoin's price may seem high, you don’t need to buy an entire BTC, you can acquire small fractions (satoshis) over time. Many investors dollar-cost average (DCA) by gradually accumulating Bitcoin rather than waiting for an unlikely massive price drop.

If you're interested in Bitcoin, it's better to focus on understanding how it works and adopting a long-term perspective rather than hoping for artificially lower prices.
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Board Bitcoin Discussion
Re: how will the Bitcoin security hold up as miners' rewards decrease
by
mr.mister
on 21/02/2025, 09:49:08 UTC

 I personally believe by that time bitcoin has either will have ceased to exist or significantly changed and will not be anything like it is today.

I think bitcoin is here to stay indefinitely. The tools to interact with it will go through a major transformation.
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Board Bitcoin Discussion
Re: how will the Bitcoin security hold up as miners' rewards decrease
by
mr.mister
on 19/02/2025, 22:57:48 UTC
Even if mining becomes unprofitable at some point, miners have a strong incentive to continue—protecting the value of their own Bitcoin holdings. After all, many miners hold substantial amounts of Bitcoin, and if they all abandon mining, the entire network could collapse, rendering their assets worthless.

That being said, by the time the last Bitcoin is mined—roughly 115 years from now—the cost of mining will likely have dropped significantly due to major advancements in computing and electricity generation. If Bitcoin reaches a valuation of $1 billion per coin (yes, billion), the profitability equation shifts dramatically. Lower mining costs and immense value per Bitcoin would ensure that miners remain profitable while keeping the network highly secure.
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Board Bitcoin Technical Support
Re: Help with 16 word seed phrase? (10% reward if you can help me)
by
mr.mister
on 19/02/2025, 11:11:29 UTC
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Topic
Board Bitcoin Technical Support
Re: Advice regarding retrieving bitcoin from second BTC account on my phone
by
mr.mister
on 19/02/2025, 00:32:48 UTC
I set up 1 BTC account on the ledger live app on my phone
I then set up a 2nd BTC account using a different ledger on the same ledger live app on my phone

I have them titled Bitcoin 2 and Bitcoin 3 on my ledger live app, and the app shows the total of both together until I select either Bitcoin 2 or Bitcoin 3 then I only see that accounts funds.
I may have lost the 24 passwords for the Bitcoin 2 account so currently can only move money from the Bitcoin 3 account

is there a way of me moving the funds from my Bitcoin 2 account to my Bitcoin 3 account on my ledger as I currently cant access the Bitcoin 2 account?


Thank you

If I understand you correctly, using the same ledger device, you first set up one wallet with 24 word mnemonic phrase, and added it to ledger live. Then you reset you ledger device, and set up another wallet with a different 24 word mnemonic phrase, and also added it to ledger live, so you see both accounts on ledger live, however, your ledger device is active with the second wallet you set up, and you don't have the mnemonic phrase for the first wallet you created on the ledger device. If this is the case, then you have no way of recovering (taking control) of the btc on the first wallet you created.
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Board Beginners & Help
Re: My 2 big reasons why we should use SegWit addresses instead of Legacy addresses
by
mr.mister
on 03/07/2024, 13:58:07 UTC
I am sure in the future I will move to segwit, address that start with 3s, then to native segwit (bc1q)  a few years later, and so on. This is the strategy that I deploy.

Strange scheme for me. Why  not to move to bc1q addresses at once and escape the nested segwit stage?  You would save some of your stash by doing so. This would be natural for the penny-savers, unless they wanna the extra  payments to miners to appraise their job . Any plot from your part here?

Among all others mentioned in this thread advantages  the native sigwit addresses (opposite to legacy ones ) use the small character set which eliminates error at transferring them viva voice.

As I tried to imply in my comment, I am not concerned with saving pennies. I am more concerned with security. I will move from one protocol to the next in the order that they have been around from oldest to newest. That is my strategy.
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Board Beginners & Help
Re: My 2 big reasons why we should use SegWit addresses instead of Legacy addresses
by
mr.mister
on 03/07/2024, 12:03:23 UTC
I am still on legacy because it has stood the test of time. It has been reliable and effective. I don't move my coins often, other than to consolidate to one UXTO when fees are cheap. I am sure in the future I will move to segwit, address that start with 3s, then to native segwit (bc1q)  a few years later, and so on. This is the strategy that I deploy.
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Board Bitcoin Discussion
Re: Someone has stolen my passphrase and bitcoin
by
mr.mister
on 03/07/2024, 11:16:14 UTC
Why would you give anyone your seed words to anyone, regardless if they are out of order? This sounds like a totally retarded thing to do. I doubt your story is genuine, but if it is, well, the first thing you learn in crypto is, "How important your seed words are, and never loose them or let anyone else see them" otherwise you could loose everything.