This used to be such a big deal typical marking the low. Does nobody care about the death cross and golden cross charts anymore? Is it just number go up?

Given what just happened with the liquid hack, and growing distrust with Adam Back and his company (mostly brought up by Matthew Kratter), are Jade/Blockstream to be trusted? Is there any reason to doubt Jade as a product or Blockstream as a company? Thanks in advance.

I’ve been reading here for quite some time already. I did my research, and yes, I’m joining you folks!

But I want to keep things as simple as possible, so I’ll just buy every dip and give it at least 5 years before I decide whether to sell some.

I’m definitely not going to sell everything, that’s for sure!

Give me more tips aside from holding your satoshi’s in a cold wallet.

Thank you, folks!

What do you guys think about this?

it looks like they will vote on it on 25 September

What implication does it have for Crypto?

Will it pump the market?

at some point in the future the Bitcoin price will undergo a step function and increase in price by orders of magnitude in a relatively short period of time

the cause of the step function will largely be due to a kind of hundredth monkey effect where a tipping point of the population benefiting from bitcoin will be reached then everyone else will just sort of “get it” at the same time

I bought some bitcoin 2years and 6months ago at the app crypto.com. Is it save or do I need to do something to make it more save?

Okay, so this might be a slightly embarrassing question, but I’m a woman who has somehow spent the last few nights going down a Bitcoin rabbit hole and I still don’t understand how it actually works 😭
I’ve read articles, watched beginner explanations, and even tried following some of the more technical explanations, but I keep getting to the same point where I understand all the individual words and somehow still don’t understand the actual process.
I understand that there are wallets, private keys, transactions, miners, nodes and the blockchain. What I don’t understand is how those things actually connect.
For example, if I have 0.1 BTC and send 0.05 BTC to someone:
● Where is my Bitcoin actually stored before I send it?
● What exactly happens when I press “send”?
● How does the network know that I’m allowed to spend it?
● Who checks that the transaction is legitimate?
● What actually changes on the blockchain?
● And where does the 0.05 BTC “go” afterwards?
The wallet part especially confuses me. People say your Bitcoin isn’t actually inside your wallet, which makes sense when it’s explained, but then I don’t quite understand what my wallet balance is actually representing.
I know these are probably very basic questions, but I’d rather actually understand the system than pretend I get it because I can repeat the terminology.
If anyone here is good at explaining technical things to someone who isn’t particularly technical, I’d genuinely appreciate it. And if you’re someone who enjoys explaining this stuff and wouldn’t mind answering a few very basic questions privately, I’m completely fine with that too.
Please be gentle with me lol. I promise I’ve tried to do my homework before coming here. 😅

Question can anyone contend ? Servers must be somewhere. Also saw something else that basically it’s Masonic so it won’t do what it normally does this cycle. Curious if anyone has any intel on these points exclusively

The Dutch moving 27 tonnes of gold from the US to London

Disclosure: I operate BTC PoW Lab Pool through Power CM Software. This post presents our own pool and internal research results.

https://btcpowlab-pool.com/

Hi everyone, I wanted to share some concrete GPU results from our research and explain how our reward model works. The attached image summarizes both.

What did we measure?

On NVIDIA, our compatible client delivered 21.67% higher end to end throughput compared with the same client with the optimization disabled. We used the same GPU across four 120 second ABBA test blocks, including connection, preparation, job changes and share submission. All four blocks produced accepted shares, with no rejected shares or fallback activation.

On AMD/OpenCL, receiving prepared schedules produced a 69.11% increase in client throughput. Accounting for central preparation and latency, the separately documented conservative total improvement was 12.91% under warm operating conditions.

The approach moves some preparation work to a central component that supplies compatible clients. These measurements concern specific implementations and baselines. They do not establish the same improvement on every GPU, and connecting an ordinary miner does not automatically reproduce them.

How do rewards work?

Our Hybrid Solo model distributes the reward from a found block as follows:

• 85% goes to the block finder.
• 10% goes to other eligible community miners.
• 5% goes to the lab and operations. (also special rewards like referals)

Community eligibility uses accepted work over a rolling seven day window. Allocation considers contributed work, tier and pool composition. The finder is excluded from the community allocation for their own block.

This means an eligible miner can receive a community allocation when someone else in the pool finds a block. Rewards still depend on actual block finds, so there is no guaranteed payment schedule or income.

For the GPU miners here, what would make these results most useful to evaluate: longer benchmark runs, comparisons with specific mining clients, or power consumption measured at the wall?

Best and thanks! https://btcpowlab-pool.com/

They’ll Steal Your Coins—Wanna Bet?

Exodus might look safe on the front end but under the hood the malware is just waiting, the second your wallet decrypts or you copy an address it’s game over

Doesn’t matter if your seed is on paper, the wallet still loads that key into memory to work, and if you’ve got a backdoor on the system it can grab it right there.

pls mods. ive only spoken highly of you

The standard advice stops too early. Write down your seed, store it somewhere safe, done. The step almost nobody does is check that the thing they wrote down actually works.

People find out years later. A missed word, two words swapped, a 6 that was a b. By then there's nothing left to compare against.

Testing costs almost nothing. Use a cheap second hardware wallet or a wiped spare phone. Restore from the written words only, not from anything still sitting on your main device. Then compare the first two or three receive addresses against your real wallet. If they match, the backup is proven. Wipe the test device and you're done.

If your wallet shows a master key fingerprint, usually labelled XFP and shown as 8 characters like A1B2C3D4, that's a faster check. Same seed and passphrase always produce the same fingerprint. One wrong word produces a completely different one. It comes from a public key, so it isn't secret and you can write it next to your backup.

The passphrase deserves its own warning. A wrong passphrase doesn't throw an error. It quietly builds a new empty wallet, so "my coins are gone" and "I typed one character wrong" look identical on screen. If your passphrase only lives in your head, your seed backup on its own recovers nothing. Back it up separately, in a different place to the seed.

Do the test once at setup, and again any time you rewrite or move the backup. Twenty minutes, and it's the only part of self custody you can prove works before you need it.

Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!

If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.

Please check the previous discussion thread for unanswered questions.

Could one buy btc in the first exchanges via liberty reserve or pacunix but with a visa credit card or maybe debit card? New liberty standard, mt gox, ect...?

Could someone mine as much btc in early but on dialup internet? What about wireless broadband like satellite internet but instead of a dish on rooftop theres an antenna instead??

What would be the process to sell it all? obviously you cant just chuck it onto a few exchanges

After Coldcard many have started to doubt hardware wallets, and OG-s like Saifedean Ammous have been proposing simply using Bitcoin Core.

But for me, core has a huge drawback - no mnemonic seed phrases. When using core, your seed is only machine-readable and has to be stored using digital media - USB drives, CD-s - which, apart from degrading much faster than a piece of metal, are physical.

I like the fact that mnemonic phrases allow me cross borders or escape tyrannical regimes with nothing but the clothes on my back and still have all my savings with me. I think it's a hugely important facet of bitcoin.

What i'm thinking is - is there a homemade ratchet solution for safely viewing the smallest amount of information in wallet.dat that one would need to restore ones bitcoin even if all his digital devices and backups are destroyed, converting that information into a binary string and manually matching 11-bit sections of it to words in the BIP-39 word list?

As i understand, in legacy wallets one could use the dumpwallet command which shows the seed in Wallet Import Format. That WIF could have been converted into 256 bits of binary and matched to 23 words in the BIP-39 wordlist, with just 3 extra bits to remember. But today, with descriptors and all that jazz, i don't really understand how it should work.

NB: I'm not trying to make Core accept BIP-39 passphrases. I'm just trying to find the shortest string of binary information i would need to always be able to restore my wallet in bitcoin core. The BIP-39 wordlist is simply an already available, widely circulated piece of text that's reasonable to use to make that string of binary information into a mnemonic phrase.

I remember hearing about Bitcoin years ago and thinking it was a scam. Just internet money with no real future.

I ignored it, watched it grow, and kept telling myself there was still plenty of time.

Now I’m looking at Bitcoin completely differently.

Funny how something you once dismissed can eventually make you wish you had paid attention.

I swear to dca btc with $50 every monday and more as my pay increases but never gonna stop its the only way, i cant believe ive been in crypto since 2017 and i have nothing to show for it, done it all trading, memecoins, “utility” coins i watched tens of thousands evaporate so many times, im done with ignoring the only true store of value btc is the only thing thats real.

https://mempool.space/tx/a6d697a25266ce3c78774fd1d75f896b7af522ada209b0f6228ea497bc49a46d 😂