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Showing 20 of 85 results by rax
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Topic
Board Bitcoin Discussion
Merits 2 from 1 user
Re: Interview with bagholders Thread
by
rax
on 22/04/2022, 07:32:30 UTC
⭐ Merited by pooya87 (2)
Are you . . . butthurt
Nah.  Can't imagine why anyone would be, unless they did something stupid like hold a devastating amount of their personal savings in a volatile and risky new technology.


This. I started buying a few bits back @400, but I never put that much skin into the game.

My Bitcoin investment can burn in ashes for all I care, I'll still hodl 'em mofos  Tongue


7 year update: I'm still clinging to these suckers. Using current spot price and baby rax's numbers from 2015: (42000/400)^(1/7) is about a +95% CAGR. Every fucking year.

How's the slimy concern trolling been working out for you, champ? Smiley
Post
Topic
Board Economics
Re: Catalonia MPs Vote for Secession
by
rax
on 11/11/2015, 18:09:23 UTC
I really don't think this is going to happen - it's in everyone's best interest to stay together

Except notrly.
Post
Topic
Board Economics
Re: My 21BTC Dream
by
rax
on 08/11/2015, 21:59:17 UTC
I'm just surprised a doe-eyed fool like you still has even a grand to spare on anything.
Post
Topic
Board Off-topic
Re: DO YOU HAVE 1 BITCOIN?
by
rax
on 02/10/2015, 16:33:59 UTC
yes i have 1 bitcoin but i cant touch it  Cry that was the incided fought with me 1year back i lost my wallet password

Then no one has that bitcoin, it is as good as sunk in the middle of the ocean.
Post
Topic
Board Politics & Society
Re: Nationalists win elections in Catalonia, secession due in a matter of months
by
rax
on 28/09/2015, 08:23:18 UTC
Lets see if this will really happen, will the Anarchist rebellion happen again?

Nope.


Hopefully they won't get themselves all killed.

Nope.
Post
Topic
Board Bitcoin Discussion
Re: Oh - you think the blockchain is getting too big?
by
rax
on 15/08/2015, 23:34:23 UTC
Post a photo of thy real thing. Or don't.

Post
Topic
Board Bitcoin Discussion
Re: Describe BITCOIN in ONE word.
by
rax
on 15/08/2015, 23:31:45 UTC
Unfair
Post
Topic
Board Bitcoin Discussion
Re: Satoshi Speaks. Real? Hoax?
by
rax
on 15/08/2015, 23:28:33 UTC
anyone that claims to be satoshi without signing a PGP message with his key is going to be ruled out as fake. why ask?


TBH he never ever signed anything. Probably on purpose  Grin
Post
Topic
Board Politics & Society
Re: Venezuela’s currency, the bolívar tooo daaa MooOOOOOON !
by
rax
on 27/07/2015, 00:37:12 UTC
Of course you actually mean "to oblivion".
Post
Topic
Board Speculation
Re: Got my 1st BTC, and now?
by
rax
on 27/07/2015, 00:33:33 UTC
Now sit back, relax and enjoy yourself.

Post
Topic
Board Bitcoin Discussion
Re: Is wealth boring?
by
rax
on 22/07/2015, 18:46:48 UTC
Post
Topic
Board Bitcoin Discussion
Re: Bitcoin's Killer App is Money
by
rax
on 22/07/2015, 18:20:42 UTC
Bitcoin's killer application is to give a chance to the people of under developed countries to the ban services. What am I talking about?

Well there is more than 3 and a half billion people who don't have a bank account in the world and who don't live anywhere close to the bank. With a simple and cheap phone, with the Bitcoin miracles can be done.

I mean look at Mpesa in Kenya and the success of it. Bitcoin can be next Mpesa, just hundred times bigger!

Haha lol. Obviously you haven't payed a close look to that Bitcoin thingy.
Post
Topic
Board Bitcoin Discussion
Re: What's up with the high fees!?
by
rax
on 20/07/2015, 17:41:31 UTC
Then they will go to another coin just as less wealthy buy silver as gold cost too much, we will see litecoin grow and grow unless something happens and the blocksize is increased.

This approach is not sustainable, when the reward subsidy eventually wanes miners will have to live just on tx fees. And they better be hefty, or else it'll not be profitable to support the network and it will break down. There's no way around this.
Post
Topic
Board Bitcoin Discussion
Re: What's up with the high fees!?
by
rax
on 20/07/2015, 17:13:07 UTC
So it begins.

The poorer users will be gradually pushed aside from the blockchain, just as industrial-grade miners have already pushed aside most small-time miners. It's built into the protocol  Smiley
Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Core or XT? POLL
by
rax
on 11/06/2015, 01:52:48 UTC
Gavin Andresen is Bitcoin. How could anyone vote against him?

Nick: QuestionAuthority. ROTFL.
Post
Topic
Board Bitcoin Discussion
Re: Would You Ever Take Out a Loan in Bitcoin?
by
rax
on 11/06/2015, 01:46:30 UTC
That'd be batshit crazy.
Post
Topic
Board Bitcoin Discussion
Re: How to protect against the bitcoin robbery?
by
rax
on 09/06/2015, 08:59:49 UTC
Using a paper wallet and signing your transactions on an airgapped machine.
Post
Topic
Board Armory
Re: Using offline transactions without Armory Online?
by
rax
on 13/05/2015, 14:32:58 UTC
It was already asked a few times. A search is better.

My apologies. Too late now, I guess.

You can use http://counterwallet.co/ as your online wallet. It give Armory-style transaction and you can broadcast it through your account or via sites which offers broadcasting after copying hex.(see last para)

Not an option. I just want to ditch Armory Online from my workflow, I won't sign up for an online wallet.

Or try this script. No warranty or guarantee from me. Use it at your own risk.

-snip-
EDIT: So I figured it out and wrote a script to do this, which will take a bitcoind hex raw txn and convert to an armory style txn, which should be good for signing and/or broadcasting (if already signed) I would think. I couldn't get the system path hack to fully work... it still complained about not being able to import a module in the jsonrpc folder. That being the case, you could just throw this script in /usr/lib/armory on the online armory box (with a full or watch-only wallet) and run it. Starts armory up, loads the blockchain, and spits out the armory-formatted txn.

Any suggestions to the script are welcome (and feel free to add this to the armory extras folder):

Code:
import sys
sys.path.append("/usr/lib/armory")
from armoryengine import *

#See https://bitcoinarmory.com/developers/python-scripting/

if len(sys.argv) != 3:
    print "Please pass wallet file, followed by hex encoded unsigned raw txn"
    sys.exit(2)

walletPath = sys.argv[1]
hexRawTxn = sys.argv[2]

wlt = PyBtcWallet().readWalletFile(walletPath)
# Register wallet and start blockchain scan
TheBDM.registerWallet(wlt)
TheBDM.setBlocking(True)
TheBDM.setOnlineMode(True)  # will take 20 min for rescan
# Need "syncWithBlockchain" every time TheBDM is updated
wlt.syncWithBlockchain()

#Translate raw txn
pytx = PyTx()
print("Encoding raw txn: %s" % hexRawTxn)
binTxn = hex_to_binary(hexRawTxn)
pytx.unserialize(binTxn)
tx = PyTxDistProposal(pytx)
print("\n\nOutput is:\n%s" % tx.serializeAscii())

TheBDM.execCleanShutdown()

From what I gather this script takes a regular bitcoind hex tx and converts it to an Armory tx in order to broadcast it with Armory Online. I want to do the opposite: take a signed Armory tx and convert it to a regular bitcoind tx to broadcast it elsewhere.

After signing with Armory, you can click "Copy (Hex)" which will copy raw transaction which you can broadcast via Blockchain.info or other sites which offers this.

Yes! That's more like it. So the output of the "Copy (Hex)" button is already fit for POSTing it into blockchain.info/pushtx?

One last question, can I create signed tx's directly with Armory Offline? (as opposed to create unsigned tx's with Armory Online and bring them over to the airgapped machine for signing)

Edit: Below link may help you for broadcasting transactions if Blockchain.info isn't working or is offline.

https://en.bitcoin.it/wiki/Transaction_broadcasting

Thank you! I'm definitely bookmarking this link.
Post
Topic
Board Armory
Topic OP
Using offline transactions without Armory Online?
by
rax
on 13/05/2015, 11:09:12 UTC
My current setup:

[Win7] Armory Online with a fully synced blockchain and read-only wallets.
[Ubuntu] Armory Offline with no blockchain and the actual wallets.

My flow whenever I want to send an offline transaction:

1. Create an unsigned tx in Armory Online (which has the blockchain and therefore knows my account balances).
2. Copy the unsigned tx to the airgapped machine with Armory Offline and sign it.
3. Send the signed tx back to the online machine and broadcast it with Armory Online.


Keeping synced with the blockchain is a PitA, though, so I'd like to stop relying on Armory Online to create my tx's and broadcast 'em. I'd like to know if it's possible to:

1. Create signed transactions directly on the airgapped machine (even though it can't possibly know my account balances).
2. Broadcast them by any other means, for instance using Blockchain.info's Broadcast Transaction endpoint: https://blockchain.info/pushtx

Thank you
Post
Topic
Board Bitcoin Discussion
Re: Bigger blocks coming in release 0.11
by
rax
on 07/05/2015, 08:35:59 UTC
About time! Anyone whining about this need to get their marbles examined.


The blockchain size is already turning into a serious problem...  Don't speak with such a vicious tone when you don't know what you are talking about.
BlockChain is  already almost 40 GB of size, but this change is inevitable. There is no problem with our current terabyte hard disks to storage it. And you dont have to run full node wallet like Bitcoin Core at all.
Electrum or MultiBit will do just fine.

With a 20MB block size limit you'll need a full TB per year if the network ever runs at full capacity. With a 1MB limit we're talking a more manageable 51GB/yr.