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We're back!!! I was very close to getting liquidated, ~14k USDT in collateral if btc went down another $300 that night... Now currently in profits. Good times

The miners are not working on the solution, they are working on a solution If you look at the screenshot, they are constantly finding ways to produce a diverse set of hashes, maybe adding a string such as NoahA, or the bible text words as inputs They can only do it using non-transaction data...

I looked at your post again, it seems you had a question about mining a block that had a new bitcoin transaction added to the block would change the hash Yes Let's say the current block that has the highest fees have 1999 transactions, the mining pool has a bunch of servers that distributes...

It's very clear to see if you do an RBF transaction but it's going to cost you about a dollar worth of satoshis Look for the option RBF on your wallet and set it on Send a small bitcoin transaction (make sure this is less than your available balance) to another address that belongs to...

Yes, buying, spending, then re-buying the same amount or more is encouraged and supports the growth of the Bitcoin network adoption It's not a black and white topic. Simply buying and hodling also takes out supply, supports NGU, which has a second order effect of more adoption Buying also...

Chiming in again, just some thoughts related to the title "BTC node..." When I first got into Bitcoin in 2013, there's always an encouragement to run a full Bitcoin node... and also to mine bitcoin These 2 are the most important ways to support the Bitcoin project, and buying and hodling...

I think there are multiple components being conflated or interchanged Local wallets can be full nodes Bitcoin nodes don't care about fees, miners do for example you can pay 1 satoshi per byte, does not mean the miners will confirm the transaction, I believe after a couple of days of...

I noticed that btc went up to $26,800+, are you back on the long side?

Ok, cool, I finally understand what you're saying that the locking method could be in 2013 and multisig Look, as I said I don't use multisig (yet) so I'm not an expert, but this is my opinion of the process as shown by the diagram The local (multisig) wallet is the responsible component to...

Yes, I guess we have a guide on when to sell for the next bull market price peak :D Will sign up for the service, I think it's a good price

I guess what I'm trying to say is that if the current address is trying to spend utxo's, why would we need to verify how the source utxo's going back all the way back to when the bitcoins were first mined? Along the blocks and along the transfers, some were multi sig, most were not, and trying...

Bitcoin halvening next year. Buckle up! $1M/btc by 2030, can I get an Amen! Amen!

@NoahA on the subject of supply shock, here's a dude focused on tracking the illiquid supply of bitcoins Hyperbitcoinization or supply-shock within the next 2-3 halving cycles. In line with the $1M/btc price prediction me and lot of bitcoiners believe will happen

This is a high-risk setup Four of the private key holders traveling on private jet that crashes, bitcoins gone forever Four private key holders going to a company retreat or conference and a fire breaks out, bam, bitcoins gone forever Read the Bitcoin Billionaires book on how the Winklevoss...

Btw, my PS on my first reply was trying to make sure that blockchain is committed truth (confirmed transactions, utxo's et al) is immutable Think of the Blockchain as the bible, infallible and always correct :D I'm only saying this as you have mentioned going back to utxo's in the past and...

I don't use a multi-sig (yet) :D So, I'm not an expert on this, but the way I understand it, a multi sig-private key is simply a private key that can be derived by combining 2 ore more private keys So, let's say public address 88888 containing 2 btc's from 4 utxo's has a private key of 15...

The Bitcoin nodes will reject the transaction broadcasted if the digital signature is not correct How do digital signatures work Iow, before the transaction will be accepted into the mempool, the Bitcoin nodes have to accept it in the mempool and the Bitcoin miners will be able to include or...

Every time I think I understand Eurodollars, after a little bit of time, I get confused again, haha What you just described is a nice way of Eurodollars being created with very clean audit trail However, most of the over 13 trillion Eurodollars that exist are not so clean. They are just...

Expert discussion on this subject, i.e. lower friction costs

Looks like someone read my ET post last night Once the Blackrock Bitcoin spot etf is approved, there will be a good incentive to start a Bitcoin fork PoS project Everyone wants this, even Bitcoin core devs have publicly stated they will contribute code and support a Bitcoin fork project...