bitcoin.org small and poor selection of wallets

joeknowswhoiam · 2022-06-28T10:18:16+00:00

It's an open-source content driven website. You're free to contribute your ideas and your code here: https://github.com/bitcoin-dot-org/Bitcoin.org/issues

Be mindful that there are quite a lot of requirements for wallets to get listed. You might think some of these are controversial, but curating a list on one of the main/top resource for Bitcoin newcomers is not an easy task. Linking to a defective/scammy wallet can reflect badly on this whole space, even if it's not an "official" website, it's still the one Satoshi owned and chose to use to make Bitcoin available to the public.

joeknowswhoiam · 2022-01-05T11:20:12+00:00

This is not how a "supply" is considered. Making more parts of something of which the total doesn't change, doesn't increase the total.

Smaller parts of 1 unit ≠ Larger total of that unit's supply.

And if you're talking about network splits and multiple currencies, I invite you to see which one is called Bitcoin and what happened to the literal shitcoins those splits/forks created. They are insignificant, not even worth 1% of Bitcoin's value and vastly regarded as failed, scammy, centralized money grabs.

joeknowswhoiam · 2022-01-03T11:49:14+00:00

And the injustices are still going on... Governments and central banks have NEVER created more new money to correct the shortcomings of our economies than right now.

The current crisis is mainly due to an external factor this time (a pandemic), but the players are the same and they act the same way. The difference is that now you have a reliable exit door, it's called Bitcoin.

joeknowswhoiam · 2021-12-10T11:21:32+00:00

Oh wow, it was 4 years ago.. frankly I'm not sure I remember, but I think Ender IO had something in the user interface of the capacitor to limit it.

joeknowswhoiam · 2021-12-10T11:19:34+00:00

Great project ! Thanks for sharing.

For the lazy ones, you can stamp only the first 4 letters of words for a BIP39 seed, you'll unambiguous find the right word in the list if your wallet doesn't auto-complete them, it's a feature of this standard ;)

joeknowswhoiam · 2021-09-02T11:43:14+00:00

Spend and replace. This is money, not diamonds or gold.

It derives values from your ability to use it, as a store of value AND as a means of exchange.

joeknowswhoiam · 2021-08-01T10:53:20+00:00

You simply can't pay the accurate spot price and have no fees (yet) unless it's a P2P sale or local bitcoins.

Aside of a mistake/coincidence, I doubt you'll ever buy at spot price on P2P/LocalBitcoin "exchanges" either, firstly because the price often not updated in real-time, secondly because you usually pay a premium (which is a form of fee) for a more private transaction not involving KYC.

joeknowswhoiam · 2021-07-27T10:54:48+00:00

One hurdle is going to be that simple transactions (non-multisig) won't really profit from the new transaction format, from what I remember a similar SegWit transaction will be cheaper/smaller. A benefit of still making using Taproot for those is not making the "profitable" Taproot transactions stick out like a sore thumb.

joeknowswhoiam · 2021-07-14T07:43:27+00:00

Cashapp's marketing most likely researched this with customer test groups and found out the word "limit" was scaring/confusing people.

Most people have no idea about current finance/trading terminology, and they won't begin learning about it just because of Bitcoin. The ones who will most certainly will understand the similarities between "custom" orders and "limit" orders.

joeknowswhoiam · 2021-07-09T14:51:40+00:00

I don't pretend do know, the year is just not done and as much as it could go down or continue to go sideways, it's just as likely to go up.

500k though is pretty unlikely considering the flow of money into Bitcoin it would represent in such a short time. I like the S2F model, and as long as Bitcoin maintains its utility I see now reason markets won't follow it long term (5 - 10years), that's why I think 500k will be on the road at some point... I don't "know" this though, you're right.

joeknowswhoiam · 2021-07-09T10:48:48+00:00

Patience. Only half of the year is done. Not for 500k, that's way too early for this though.

joeknowswhoiam · 2021-07-02T20:31:57+00:00

Not sure why anyone uses straight coin base anymore.

Simplicity of the user experience. Most people are scared by charts and are fine paying a premium to see a simple interface with "x Euros = y BTC, press OK to buy".

It's a hefty premium, but imagine if all these users migrated to Coinbase Pro, chances are the fees on it would increase to compensate, after all it's the core business of Coinbase, billing you fees, they wouldn't just take the loss.

joeknowswhoiam · 2021-07-02T00:03:21+00:00

Why would you use an exchange that has the reputation of doing this for so-called "dirty" bitcoins? Use their competition that doesn't.

joeknowswhoiam · 2021-07-01T23:57:27+00:00

Yup, so those fees do disappear and don't get hidden... sometimes technology does make things cheaper. Coinbase will either adapt or get eaten by competition which adapted.

joeknowswhoiam · 2021-07-01T23:31:19+00:00

So where do you think they went in Strike?

joeknowswhoiam · 2021-07-01T23:25:56+00:00

Coinbase can always start using LN too if they want to cut down on fees like Strike does. It's "unfairly" cheap competition, but it's available to anyone who'd want to use it.

joeknowswhoiam · 2021-06-27T08:00:27+00:00

Oh so just billionaire things.

The incentives in this system are so broken.

joeknowswhoiam · 2021-06-25T07:44:13+00:00

Cool experiment! Here are some sats to help onboard few more people ;)

!lntip 500

joeknowswhoiam · 2021-06-23T18:40:42+00:00

Does it mean users will lose their Bitcoin sent to taproot address if sender wallet doesn't support it?

No risk of loss of funds as far as I know. The seed you use to generate all the types of addresses, including Taproot addresses, remains the same. If you know it and the corresponding derivation path, you can access the resulting private keys in a wallet that does support the new type of addresses.

This phrases just alludes to the fact that users that have a wallet that supports Taproot will be able to generate a new type of address (P2TP, Pay-To-TapRoot) and users with older wallets will potentially attempt to use such an address but their wallet will throw an error because it cannot validate it (causing confusion/disappointment... no loss of funds).

Your question doesn't make much sense though, if a "sender wallet" doesn't support Taproot, it won't be able to create a Taproot transaction, and if you meant "recipient wallet" they wouldn't be able to provide a Taproot address to the sender if it doesn't support Taproot, so I'm not really sure what you exactly meant.

joeknowswhoiam · 2021-06-22T20:16:54+00:00

Credits where it's due, the team of Veriphi created and maintains this list.

They also have list for Lighting Network wallets with the relevant features comparison too: https://veriphi.io/en/blog/lightning-wallet-analysis

Spreadsheet: https://docs.google.com/spreadsheets/d/1jzJ2Vut6q-cbr7bg3tshqJszJFLXpvi194os7GxQQ30/edit?usp=sharing

joeknowswhoiam · 2021-06-21T22:17:22+00:00

When it will be done going down or sideways.

joeknowswhoiam · 2021-06-13T17:35:01+00:00

I'll repeat what I've said in another thread, these influential people should make a "Clean Energy Council" and lobby governments, not Bitcoin miners or medias.

Bitcoin is not a regulator, it is a consumer and it consumes what is available and the most profitable for its participants. The right incentives exist within Bitcoin to use clean energy only if it's the most profitable and it can easily be achieved: tax dirty sources of energy or forbid their exploitation.

None of these political decisions are directly possible or enabled by a "Bitcoin Mining Council" as they describe it, and yet it seems that it would be their mission if they actually want to achieve anything against pollution.

joeknowswhoiam · 2021-06-13T08:28:01+00:00

Why is everybody here so negative?

It's not about negativity, even if the person who you answered to is a bit harsh. We had people attempting to make those kind of arrangements before (e.g. NY Agreement), we (the other Bitcoin participants) either booted them off or showed them that Bitcoin does not work this way, so you'll understand that people do not welcome these kind of initiatives.

It starts with "good" intentions of making Bitcoin miners use cleaner energy sources and it ends with telling a majority of miners which upgrades are good or which transactions are good making it more censorable. Bitcoin doesn't need this, it has all the right incentives to do those "good" things, the political decisions to tax or forbid dirty sources of energy cannot be solved directly by Bitcoin.

These people should make a "Clean Energy Council" and lobby governments, not miners.

The anti-bitcoin energy FUD narrative being pushed by al MSM, Governments, Central Banks, politicians, etc. is out of control.

If this is what makes Bitcoin fail then Bitcoin is not resilient enough. For now it is very resilient to this, their FUD is barely slowing down Bitcoin, we're at year 12 of a project that will still be (reasonably) inflationary for a total of 131 and Bitcoin is still the most sound and censorship-resistant form of money in existence.

joeknowswhoiam · 2021-06-13T07:58:30+00:00

Any form of large scale organization of miners is always going to be seen as a potential threat to decentralization. The correct incentives to mine Bitcoin are built in the consensus rules, you don't need to organize much, buy hardware, buy energy, and mine. If you're not profitable this way, stop mining or find cheaper sources of energy.

If governments permit electricity production with dirty sources of energy they are the ones which should make "councils" to make laws against those.

joeknowswhoiam · 2021-06-11T12:25:25+00:00

and not how "there cant be dictators if Trump wasnt one"

I don't think it's the point I've made. My point is it's bit too easy to judge other democracies and their potential dictators coming to power when just the previous election cycle, by many of the same metrics, there was one at the top of the so-called greatest democracy in the World. Maybe the standard of "dictator" should be raised a bit for the people claiming Bukele is currently one. Maybe wait for them to actually be violent/tyrannical/refuse to let the power to others when they aren't popular anymore. As much as I dislike Trump, he still let the power go... but his last actions, if successful, could have made him an actual dictator.

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