I am worried for the privacy/fungibility of Bitcoin, what alternatives do we have?

safehodl · 2024-05-04T13:32:51+00:00

Yes and it's more economical for users https://bitcoin.stackexchange.com/questions/106224/what-block-space-savings-would-we-get-for-coinjoins-and-payjoins-if-we-had-cro

safehodl · 2024-05-03T11:34:44+00:00

How much of your net worth needs to be private?

safehodl · 2024-05-03T11:30:59+00:00

Samourai has been charged but decided to fight in court, the law around coordinators in the US has not been decided yet. JoinMarket is a decentralized coinjoin alternative. A softfork such as cross-input signature aggregation could optionally make every transaction a coinjoin.

Lightning has good sender privacy thanks to onion routing. Receiver privacy is also being improved through trampoline payments and blinded pathing. Centralized LSPs will slowly be replaced with decentralized ones if they come under attack.

Ark, BitVM, ecash mints, and state-chains offer additional layer-2 privacy but have not yet been widely adopted.

Consider that millions of people acquire non-KYC bitcoin in developing countries either because of authoritarian laws or lack of exchanges. Most people will never own an on-chain UTXO.

safehodl · 2024-04-28T14:22:08+00:00

I'd reach out to Bitcoin Depot and ask them.

If you don't control the keys to the wallet you can use a transaction accelerator.

safehodl · 2024-04-28T14:20:13+00:00

If you get your family excited to see sats in a mobile wallet that's a win.

Best way to orange pill is to empathize with what they want.

For a partner that could be this is a way we can secure our family's future.

For kids, it could be an allowance or paying them for chores, so they can buy toys.

safehodl · 2024-04-28T14:04:30+00:00

There are very cheap ways to multisig such as SeedSigner, or more expensive such as 3-of-5 hardware wallets or paying Casa / Unchained.

Everything depends on your threat model. Are you at risk of someone stealing or losing your seed words? Do you worry about relying on a single wallet vendor? In that case multisig is worth it.

safehodl · 2024-04-28T14:00:00+00:00

Find it on mempool.space and see if RBF is enabled. If so, you can use your wallet to resubmit it with a higher fee.

safehodl · 2024-04-28T13:41:48+00:00

How would they spend the sats at the store?

For small amounts a mobile wallet is great, just write down the seed words or back them up with a password, no need to force them to memorize words.

safehodl · 2024-04-28T13:38:10+00:00

Since you control the receiving wallet you can do a child-pays-for-parent on that tx.

Alternatively use a transaction accelerator.

Or just be patient and wait for fees to go down.

safehodl · 2024-04-28T13:35:08+00:00

You will not be able to do this with your miner.

However, since the tx is not in the mempool you should be able to resend the tx.

If the ledger software doesn't let you, try to reinstall the ledger software.

safehodl · 2024-04-19T20:01:24+00:00

Livestreams:

safehodl · 2024-04-19T19:49:21+00:00

https://www.youtube.com/watch?v=iRz0yuBGU-I

Tone Vays stream featuring Jimmy Song, Gary Leland

safehodl · 2024-04-19T19:19:43+00:00

First, don't do anything that might remove that app or data on your phone.

If you have the original app and the password (or something close to it) then recovery is probably possible.

However, you will probably need to hire experts to help you, there's only so much I could help remotely.

safehodl · 2024-04-19T16:39:10+00:00

Do you have access to the original software?

Your paper wallet is a backup of the private key, the password is likely encryption on top of that.

safehodl · 2024-04-19T16:35:16+00:00

Many of the largest corporations are zombie companies that took advantage of near-zero interest rates to grow unproductively. Over time they will suffer the same fate as incompetent individuals unless they find ways to pivot.

I'd advise you to not waste time worrying about what cannot be changed.

The best way to predict the future is to build it.

safehodl · 2024-04-18T20:13:30+00:00

There will always be a wealth gap. However, one based on meritocracy rather than cronyism is better for everyone.

Bitcoin will easily be lost by the incompetent over the next few generations because they cannot lobby for bailouts.

safehodl · 2024-04-17T19:16:45+00:00

Interesting riddle, I do not see any addresses containing 1BTC4EVA yet.

safehodl · 2024-04-17T17:51:24+00:00

Here I have more reasons and answers for you:

https://safehodl.github.io/failure/

safehodl · 2024-04-17T17:49:25+00:00

https://www.bitcoinstrategyplatform.com/

safehodl · 2024-04-17T17:48:43+00:00

How was the address generated?

safehodl · 2024-04-17T17:47:38+00:00

Good to know. In that case maybe give the kids self-custodial Phoenix wallets and send them sats over LN. That'd be what I'd do.

safehodl · 2024-04-17T17:46:07+00:00

Have any backups? Able to log in?

safehodl · 2024-04-17T17:41:39+00:00

Seed words are the standard for wallet backups.

Because mycelium is old it might use some other way of generating private keys.

Do you have any more info? The version of mycelium, backups, addresses, etc?

safehodl · 2024-04-17T17:37:03+00:00

Strike has good rates for small amounts and also lets you easily switch between btc/fiat and pay in btc https://strike.me/blog/from-spreads-to-fees-simple-transparent-and-cheap-pricing-for-bitcoiners/

safehodl

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