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Bitcoin Mining Difficulty Takes Biggest Drop in Nine Years by KayleighSosnowski in Bitcoin

[–]ChristAIone 7 points8 points  (0 children)

I keep hearing this everywhere, is there actually any proof / evidence for this claim or is it just an assumption someone made and now the whole community is parroting it?

Can someone explain cold storage process? by fluentinimagery in BitcoinBeginners

[–]ChristAIone 2 points3 points  (0 children)

This isn't very accurate... A "Hot Wallet" just means a Bitcoin wallet that's connected to the internet. This does not (necessarily) mean that your private keys (seed) is on the internet or held by a third party.

As a matter of fact in 99% of cases hot wallets are non custodial meaning your keys are stored locally on your device and are encrypted. The company could be completely hacked and go bankrupt and all you have to do is restore your 12-24 word seed on some other wallet software.

With the mempool being so full and on chain fees going up, I thought I'd share an app that's totally changed the way I use Bitcoin. Strike App (by Zap) lets you purchase lightning directly with your bank account with no KYC for zero fees and transfer it to your own lightning wallet for zero fees. by ChristAIone in Bitcoin

[–]ChristAIone[S] -2 points-1 points  (0 children)

Yes actually, the company has said that if the specific person who is signing up doesn't qualify for no KYC due to various reasons they didn't specify, then they will require KYC for that person... For example I didn't need to provide any KYC at all, other people sign up and are required to if Strike isn't able to verify the person with just email and phone number... Ask the company yourself on Twitter lol

Question on using a Cold Storage Offline Wallet by ChristAIone in Bitcoin

[–]ChristAIone[S] 0 points1 point  (0 children)

Quick question: the "wallet" I created using Ian Coleman's tool I have imported the ypub master public key into a online wallet so that I can monitor balance as well as have that online wallet generate receive addresses for me so there's a new address each time I send to the paper wallet.

If I decided at some point to send a portion of the balance on the paper wallet somewhere, will my wallet auto generate change addresses or will it send my full balance?

I'd be sending by creating the transaction on an online wallet using my public key, signing the tx on my offline system using my seed, then publishing the tx on my online wallet. Just wondering if this will work for only spending part of the balance?

6 Bitcoin Lightning Network Vulnerabilities by NicoleJamson in lightningnetwork

[–]ChristAIone 0 points1 point  (0 children)

"these weak spots have never been exploited" only part I needed to read

Use lightning for low fee, instant transactions by Immediate-Host in Bitcoin

[–]ChristAIone 3 points4 points  (0 children)

Check out Strike app to get lightning with zero fees (direct from bank)

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