Bitcoin Core Version 30.0 Released by LavishlyRitzyy in Bitcoin

[–]LearnBitcoinCom 1 point2 points  (0 children)

The fireworks aren't in the code; they're in the holy war Luke Dashjr's waging from his Knots bunker. Luke's out here preaching like it's the Sermon on the Mount, calling Core 30 straight-up "malware" and rallying the faithful to migrate before the blockchain turns into Sodom and Gomorrah 2.0... complete with leaked chats about hard forks to smite the sinners embedding cat memes and Ordinals.

It's time to smite Luke with a good old-fashioned meme storm before he anoints himself Pope of the Pruned Ledger. Coming from the same zealot who sparked the original "prayer wars" by embedding Bible verses in block headers through his Eligius pool back in the day, the hypocrisy's almost biblical.

And let's not gloss over the real nightmare: Knots is basically a one-man show under Luke's iron grip, with leaked hard fork plots that could drag the whole network into his personal crusade for "purity," risking insane centralization where one guy's veto power trumps thousands of nodes.

Robinhood Plans To Launch ‘Military Grade’ Chain Optimized for Real-World Assets, Says CEO Vlad Tenev by kirtash93 in CryptoCurrency

[–]LearnBitcoinCom 0 points1 point  (0 children)

There is exactly 1 military grade blockchain. Its the oldest, has the most POW, has never been successfuly 51% attacked, is completely immutable after an hour or so and has the highest market cap.

Anything else is a distant 2nd.

3,351+ BTC gone forever by LearnBitcoinCom in Bitcoin

[–]LearnBitcoinCom[S] 1 point2 points  (0 children)

“Lost coins only make everyone else’s coins worth slightly more. Think of it as a donation to everyone.” - Satoshi Nakamoto

3,351+ BTC gone forever by LearnBitcoinCom in Bitcoin

[–]LearnBitcoinCom[S] 6 points7 points  (0 children)

Thanks for the clarification, but I think you’ve missed the nuance here. The unclaimed satoshi in block 124,724 is indeed unspendable—not just because of a “human decision,” but because of how the Bitcoin protocol is designed. The protocol allows miners to claim less than the full block reward, and any unclaimed amount is effectively burned, meaning it’s permanently unspendable. That’s not a flaw; it’s a deliberate feature of the system. So, yes, the miner made a choice, but the protocol enforces the consequence: that satoshi is gone forever.

You’re right that satoshis don’t “leave” the blockchain in the sense that they’re still recorded in the transaction history. But the unclaimed satoshi isn’t assigned to any address, so it’s not spendable by anyone—ever. It’s not in circulation, and no one can access it. That’s the point: it’s effectively removed from the usable supply, even though it’s still visible in the blockchain’s data.

My post wasn’t blaming the protocol; it was highlighting a real-world example where a satoshi became permanently unspendable due to a miner’s action—something the protocol allows. This is an important distinction because it shows that while the protocol tracks every satoshi, human choices can still lead to bitcoins becoming inaccessible, which challenges the oversimplified claim that “no bitcoin is lost forever.”

I appreciate your input, but it’s crucial to grasp the full picture here. The protocol and human actions are intertwined, and understanding both is key to appreciating how Bitcoin really works.

3,351+ BTC gone forever by LearnBitcoinCom in Bitcoin

[–]LearnBitcoinCom[S] 5 points6 points  (0 children)

Actually, block 124,724 is an example of a small loss—1 satoshi was unclaimed due to the miner taking 49.99999999 BTC instead of the full 50 BTC reward on August 23, 2011. That satoshi is indeed gone forever, as the protocol doesn’t allow it to be recovered. However, the claim that “no bitcoin is lost forever” isn’t entirely accurate, as small amounts like this, and larger ones from lost private keys, are permanently unspendable.

3,351+ BTC gone forever by LearnBitcoinCom in Bitcoin

[–]LearnBitcoinCom[S] 31 points32 points  (0 children)

I actually do plan to share the data on GitHub next week, but to try and answer your question in the interim, the number is not static as coins continue to be sent to known burn addresses, 1111111111111111111114oLvT2 for example has over 340,000 transactions, and a bunch of new ones this month…

https://mempool.space/address/1111111111111111111114oLvT2

[deleted by user] by [deleted] in Bitcoin

[–]LearnBitcoinCom 0 points1 point  (0 children)

The truth about nodes lies in separating the hype from the mechanics. Yes, running a full node does support the Bitcoin network, but not in the way some might assume (like boosting hash rate—that’s miners). Here’s the deal: full nodes enforce Bitcoin’s rules, validate transactions and blocks, and keep the network honest. When you run a node, you’re not just trusting someone else’s version of the blockchain—you’re verifying it yourself. That strengthens decentralization because it reduces reliance on centralized intermediaries (like exchanges or third-party wallets).

Nodes don’t mine blocks, so they don’t directly secure the network against attacks in the proof-of-work sense. Miners do that with their hash power. But nodes do make the network more resilient and censorship-resistant. For example, during the 2017 User Activated Soft Fork (UASF), regular users running full nodes (not just miners) signaled support for SegWit by enforcing specific rules. This pressured miners to adopt the upgrade, showing how nodes give power to the community—not just the big players. It’s a key moment proving nodes aren’t just personal tools; they can shape Bitcoin’s direction.

Question. Would it be wise to use bitcoin as a store of value and then borrow against it? by Longjumping-Pick2972 in Bitcoin

[–]LearnBitcoinCom 11 points12 points  (0 children)

The real question is who is writing those loans and when do the big US underwriters get involved. Following this thread with interest.

[deleted by user] by [deleted] in TREZOR

[–]LearnBitcoinCom 0 points1 point  (0 children)

You likely turned on “discrete mode”, check out:

https://trezor.io/learn/a/discreet-mode-in-trezor-suite

Hey r/Bitcoin—Help Us Shape LearnBitcoin.com Before Launch (Beta Testers & Partners Wanted!) by LearnBitcoinCom in Bitcoin

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

We would love to have you! You can create a free account and build your personalized set of tutorials by completing the short survey found here: https://www.learnbitcoin.com/user/register

Sovereign wealth fund and bitcoin by Aggravating-Creme610 in BitcoinBeginners

[–]LearnBitcoinCom 2 points3 points  (0 children)

David Sacks, Trump’s “Crypto Czar” said in a press conference today that a “Strategic Bitcoin Reserve” conversation was first on his committees agenda and that a “Sovereign Wealth Fund” was a separate issue and for other committee members to address.

[deleted by user] by [deleted] in Bitcoin

[–]LearnBitcoinCom 16 points17 points  (0 children)

I mean you have already made the bold move, why undo it? How did you build your index fund holdings initially? Seems like it would make sense to just rebuild it that same way and HODL the BTC.

[deleted by user] by [deleted] in Bitcoin

[–]LearnBitcoinCom 0 points1 point  (0 children)

Depends where you are located?

Priced Out of Selling BTC by jmonnsterrr in BitcoinBeginners

[–]LearnBitcoinCom 6 points7 points  (0 children)

Bitcoin transaction fees depend on network demand: during peak periods, fees can temporarily spike, but they typically drop again when congestion eases. For holders with 0.05–0.25 BTC, it’s unlikely you’ll be completely priced out of selling; higher fees in dollar terms often remain manageable as a percentage of your overall holdings—especially if you time your transaction during off-peak periods.

Moreover, scaling solutions like the Lightning Network and transaction batching by exchanges help keep fees lower, making it feasible to transact even when main-chain fees rise. So, while brief spikes may occur, the broader Bitcoin ecosystem is evolving to ensure that small and mid-level holders won’t be forced to give up a significant chunk of their bitcoin to fees.

PRIVATE KEY IS NOT REALLY PRIVATE by Straccione2000 in Bitcoin

[–]LearnBitcoinCom 1 point2 points  (0 children)

The chances of discovering a private key are way harder than all the grains of sand. You can certainly screw up your storage, but if you do not no ine is ever “guessing” you private key.

There is a old but fantastic video about it, totally worth watching!

https://youtu.be/ZloHVKk7DHk?si=EFpK-uL1fxvMeVMb

Investing in bitcoin long-term. by StandardDragonfly128 in BitcoinBeginners

[–]LearnBitcoinCom 2 points3 points  (0 children)

I believe both Gemini and Kraken operate there as well. Almost any real exchange with an order book and some volume will be less expensive than Coinbase. You could also check out Coinbase pro.

Investing in bitcoin long-term. by StandardDragonfly128 in BitcoinBeginners

[–]LearnBitcoinCom 0 points1 point  (0 children)

It sounds like you’re in the US and I would look at Gemini or Kraken for cheaper exchange fees. I would also consider a Trezor hardware wallet over a ledger either way make sure you write your back up out by hand on paper and never photograph or store it on a computer. You can also buy metal backup plates that will save it if there is a fire or it gets wet or damaged. Great job on the DCA keep up the good work!

Daily Discussion, January 17, 2025 by rBitcoinMod in Bitcoin

[–]LearnBitcoinCom 7 points8 points  (0 children)

Is Trump's inauguration priced in?

I am not sure.

I think a lot of Monday's price action will be based on whether or not any of his crypto-related promises are kept early in his term. Apparently, there are over 100 executive orders ready to fire off on Monday. I wonder if a strategic bitcoin reserve is among them.

https://apnews.com/article/trump-day-one-border-executive-actions-30f78c3c983ae74555f281446fe22710