I don't understand what you mean by credit creation, and for me, it was not design to be like that. It could be monetary system for now, but it doesn't mean you can just loan and lend bitcoin from someone.


It's not the limiting factor of bitcoin though, it can grow by itself and again it's not like a magic bean that will solve every problem of a countries as far as economic and financials. We can buy and invest on bitcoin and hold and wait for the right time to sell to make profits, simply as that.

Yes the concept of credit and fractional banking has been a key idea to expand the world economy by allowing banks to lend money they don't actually have, while also making the global economy far riskier through massive debt accumulation and lack of reserves.


With Bitcoin there can be no credit system like that because you can't have fractional banking on Bitcoin. I mean I suppose you COULD start this kind of system but it would quickly collapse as soon as the first economic crisis happened because nobody can just print more bitcoin to make up for what was lent out instead of held in reserve.


The fractional reserve credit economy only works with currencies that are weak and can be printed at will.

Bitcoin should be seen not as a replacement for fiat, but as a new option, an 'escape hatch' as some people call it. Fiat will continue to exist and the world's economic system will continue on as before using fractional banking and printing money and credit, but Bitcoin gives people a way to escape that system when needed. With Bitcoin you can actually save in currency rather than being forced to take on risk through investments. And with Bitcoin you can be sovereign over your savings without needing to hoard a large amount of physical cash which would be very risky.

Bitcoin doesn't replace the national currencies and the banking industry, but it does give every person on the planet the ability to store value in hard money and transact openly with anyone in the world, while also giving people the option to have full sovereignty over their money rather than having to entrust one's money to banks. So Bitcoin doesn't replace anything, but it de-risks people's finances, gives them a financial escape hatch, provides financial sovereignty, and allows people to save/store/grow value with an actual usable currency.

The fiat credit banking system and Bitcoin are two different things and both will continue to exist. Bitcoin is just the world's alternative to the current system, and they each have their own reasons to exist.

Yes.

The difference is your voucher won't expire but your session can (after 7 days, if not extended).

Any withdraw from chipmixer means your funds would've been mixed.

I don't know why you've done this though. How long was your session open for? Vouchers survive longer than sessions do but it sounds like your session still holds your funds and you changed how you wanted to withdraw them (either by sweeping or exporting private keys).

In future, you should make a new session if you want to redeem a voucher or just restore your old session to spend funds (if you're within the week).

If you had multiple people to send funds to then this makes sense (and withdrawing 4 equal sized smaller chips compared with 1 big chip is obviously going to do better to hide the trace between the funds you deposited and withdrew - especially if you withdraw at different times).

If you're paying for multiple things or multiple people, it might also be useful for hiding the link between you and them (especially if you're paying them different amounts for a similar service or something).


The general recommendation I've seen from research on this is 2-7 days normally delivers maximum privacy at hiding the link between your deposits and withdrawals.

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It doesn't matter, you can connect to node with different Bitcoin Core version or even those who don't use Bitcoin Core.


IMO 10 weeks is still too long, unless OP uses hardware from more than a decade ago. OP, try open debug.log (located on directory where blockchain files is stored) and see if there are any error related with internet connection or connecting to node.

Yeah, there aren't any critical security vulnerabilities (although there does seem to be a minor crash vulnerability in 0.18), but if you're getting disk errors or whatever, I'd advise you to at the very least back up your wallet, and perhaps try to find out what's going wrong..

If you don't, you might run into a situation where your disk becomes corrupted or whatever. Of course, I don't exactly know your situation, but "disk errors" don't look like a healthy sign to me.

(If it's just a permission error, the solution might be trivial.)

Do you use a VPN or have a service that monitors your network traffic (a "physical firewall" for outbound/inbound data).

Since you're still getting connections, what does it say at the bottom? Is it still syncing or is there another error. 8 perrs seems about right.

If you're still stuck after this, I'd suggest you try and change the port to something else (22 would be my suggestion - it's usually for SSH so should be available unless your router already uses that port).

Let's start with the obvious: did you portforward port 8333 in your modem settings to the IP address of your Ubuntu?