I’m interested in sending BTC from wallet to another and probably automate it through some libraries.
I have a question: if I have a seed hex or 12 words I can generate all my wallets (addresses, private keys) with BIP39 mnemonic tool.
How could I know what of external wallets (private keys) I should use to send btc using libraries assuming it usually changes?
How could I basically send BTC to some wallet having only seed hex or 12 words?
I’ve read that checkpoints in Bitcoin were removed because they were not preventing any meaningful attack.
Why should a regular checkpoint not prevent majority attacks? For instance, if a checkpoint is made every N blocks and (for example) 3/4 of the hash power agrees, would this not be possible to be used as a mechanism to create a permanent confirmation of the transactions before the checkpoint? Assuming, of course, that clients would check for those checkpoints and enforce them to be included in the valid chain.
As the title states I am looking for a Bitcoin Cash faucet. I know about the very nice one:
https://testnet.manu.backend.hamburg/bitcoin-cash-faucet
but it seems to be down at the moment. A google search does not yield any other faucets so I am not very optimistic.
Thank you!
I´m trying to recover a wallet from which the Master Private Key (mpk) in hex format and the number of used addresses is known.
Till now I could manage to convert the hex mpk to the wif format and import this to electrum. But here to history seems to be totally lost.
Is there any way to recover the full wallet and history (not neccessary with electrum)?
Currently I have setup ripple mainnet server and provide availability of XRP trading, If any user submits the transaction in his account from the external wallet, How I know which transaction performed? Currently, I have used WebSocket socket and subscribe all account to the listener, So when any transaction comes in subscribed account then it will catch the transaction. But the issue is that when my xrp server is down or listeners missed any transaction then how we fetch incoming transaction later.
Do you know where I can obtain a List of “Bit Coin Investigators”
or – Consultants for hire –
to help locate a Bit Coin account after a person has died?
I’m trying to understand how Bitcoin works but there’s a concept I can’t get my head around.
I understand that transactions are validated by checking the signatures of each input is valid. However how do you validate new bitcoins or rewards that have entered the system through mining if these don’t contain any any inputs?
For example if you’re checking a transactions inputs are valid eventually you’ll reach the point when the inputs were originally mined, so how would you know these were created legitimately?
The antminer s9i achieves slightly better stats than the s9 but uses the same hardware. Is their a way to put s9i software and firmware on an s9? Also I am used to the Linux operating system and flashing images etc. Would I be able to do this myself?
Please anyone explain as IQOPTION is telling me that I have to purchase a $700 private key to get access to my BTC Blockchian wallet once they wired my Finds in to this wallet?? anyone please have an answer?
In discussions on the intrinsic value of BTC, one often reads the claim that BTC is scarce because the maximum amount of BTC that can ever exist is 21 million BTC. I find this explanation rather unsatisfactory.
If a group of people collectively decide to move all their savings into tulips, the price of tulips should skyrocket. However, new greenhouses could be built and some farmers could start growing tulips. As a result, the price of tulips would start falling and converging to the price prior to the "tulip mania". Seeing the value of their savings dropping, these disappointed tulip-lovers would rush to sell their tulips, causing the price of tulips to plummet. The media would then mock them for their financial illiteracy. It’s hard out there for a tulip-lover…
If the former tulip-lovers then decided to move their savings into gold, the price of gold would almost certainly rise suddenly. However, new gold reserves cannot be manufactured out of, say, lead — assuming that no form of working alchemy is developed, of course. Without the required increase in the supply of gold, the price of gold would stay relatively high and there would be no panic-selling. A computer scientist would perhaps say that the supply of gold is rate-limited.
I know nothing about economics, but I suppose an economist would say something along the lines of "the supply of gold is much more price-inelastic than the supply of tulips". To me, BTC looks closer to digital gold than to digital tulips.
Questions — As a total novice, the scarcity pertaining to BTC I do see is in the rate at which new BTC can be generated. But, what exactly does that have to do with the number 21,000,000? When mentioning the total amount of Bitcoin that can ever be mined, shouldn’t the practical upper bound on annual mining also be mentioned? Is my understanding of "Bitcoinomics" roughly accurate?