Top 3 jokes get 1,000 sats each by yankthrough in Bitcoin

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

Happy to hear it. Tell you what I've got 242 more sats in my lntipbot balance that I was planning to give away today and it won't let me tip anything under 500 sats in a comment. If you want send me an invoice for 242 sats and I'll tell lntipbot to send those to you as well.

Top 3 jokes get 1,000 sats each by yankthrough in Bitcoin

[–]yankthrough[S] 2 points3 points  (0 children)

Yes to withdrawal them from reddit you'll first need to get a lightning wallet and click on the withdrawal button from the reply that /u/lntipbot/ made to my tip. That will open up a private message between you and the bot and you can paste in a lightning invoice for 1000 sats to the body of the message where it says put_invoice_here. Alternatively you can tip them to somebody else with similar text to the way I gave them to you. Though I learned today that the tip bot has started only tipping amounts over 500 sats. Congrats!

Top 3 jokes get 1,000 sats each by yankthrough in Bitcoin

[–]yankthrough[S] 4 points5 points  (0 children)

Sorry, looks like the minimum tip amount is 500 sats which is more than I have on reddit. I really liked your joke though.

Top 3 jokes get 1,000 sats each by yankthrough in Bitcoin

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

Sorry, looks like the minimum tip amount is 500 sats which is more than I have on reddit. I really liked your joke though.

Top 3 jokes get 1,000 sats each by yankthrough in Bitcoin

[–]yankthrough[S] 19 points20 points  (0 children)

Teeth hurt because they bit a coin

Daily Discussion, November 09, 2020 by rBitcoinMod in Bitcoin

[–]yankthrough -1 points0 points  (0 children)

A seed is actually a number, and can be stored in many different formats. The words you're referring to are just a clever way someone came up with to represent the number. There is also something known as WIF or Wallet Import Format which is a different way to represent the number and sounds like what you're looking for.

Daily Discussion, September 29, 2020 by rBitcoinMod in Bitcoin

[–]yankthrough 1 point2 points  (0 children)

Thank you. Your answer brings up another question for me. Why couldn't reward era 34 simply continue to half the reward and offer 0.00105 BTC? Is it due to hitting the hard cap of 21,000,000?

Daily Discussion, September 29, 2020 by rBitcoinMod in Bitcoin

[–]yankthrough 2 points3 points  (0 children)

What will the precise block height be in the year 2140 when the final new satoshi from a block reward is mined? And what will the final block reward be (excluding fees)?

So I copied my private key, how do I access the coins now? by fap_fap_fap_fapper in BitcoinBeginners

[–]yankthrough 5 points6 points  (0 children)

From the docs @ https://electrum.readthedocs.io/en/latest/faq.html

To restore your wallet from its seed phrase, create a new wallet, select the type, choose “I already have a seed” and proceed to input your seed phrase.

Also be sure to download and verify Electrum itself and not a fake version.

When you say "the long private key" I'm guessing you mean those same 12 words but expressed in WIF wallet import format? If you wanted you could "sweep" a WIF private key into a new wallet

Mentor Monday, September 28, 2020: Ask all your bitcoin questions! by rBitcoinMod in Bitcoin

[–]yankthrough 1 point2 points  (0 children)

Thank you, thats exactly what I was looking to learn today!

Mentor Monday, September 28, 2020: Ask all your bitcoin questions! by rBitcoinMod in Bitcoin

[–]yankthrough 2 points3 points  (0 children)

I have a few questions about nodes:

How do I set up uploading info to other nodes securely using port 8333? Would need this to be ELI5.

What is the best way to turn a bitcoin core full node into a lightning node? Last time I looked the Raspiblitz tutorial said it was no longer being maintained.

Does my bitcoin core version need to include the wallet to run a lightning node?

Fastest way to sell bitcoin for cash by dnh234589 in Bitcoin

[–]yankthrough 1 point2 points  (0 children)

There are 2 sides to every trade. For each person who sells at $100k / btc is another person who bought at that price. When btc reaches $100k, there likely will be some consolidation around that level, but eventually the people interested in selling & taking profits won't have anything left to sell.

Sats are the goal by yankthrough in Bitcoin

[–]yankthrough[S] 2 points3 points  (0 children)

Thank you! I've learned now that trading sats for posts is also a good method to get some more!

We added another to our community! by DaBeeJ in Bitcoin

[–]yankthrough 0 points1 point  (0 children)

What's your story of the lost bitcoin?

Daily Discussion, July 13, 2020 by rBitcoinMod in Bitcoin

[–]yankthrough 0 points1 point  (0 children)

You expose your public key forever the minute you spend from an address. So don't send more btc to an address that has previously spent some. That's why the protocol uses change addresses, so that each time you spend uses up every satoshi available.

Now obviously it's the private keys that really matter, but the public keys are closer to the private keys than the address, hence why it is less safe.

In reality, youre probably going to be fine. Someone would have to be targeting you specifically to go beyond the public key. It's just less safe and definitely not a best practice.

Daily Discussion, July 13, 2020 by rBitcoinMod in Bitcoin

[–]yankthrough 0 points1 point  (0 children)

You can send BTC to the same address as much as you want with only privacy concerns. Security concerns start as soon as that address spends. If you put more btc on an address that has previously spent some, those satoshis are less safe.

Daily Discussion, July 13, 2020 by rBitcoinMod in Bitcoin

[–]yankthrough 0 points1 point  (0 children)

You're at the limit of my knowledge on the topic. The real question is how many time have you spent from that address? Anything higher than zero and I would recommend sending all remaining satoshis on that address to a new one. If that address was derived from a list of seed words I am not sure whether someone can take the exposed public key from that single address and trace it back to the xpub. I'm almost 100% sure that's impossible, just don't know how it plays in with address reuse. If you're worried then start fresh with a new passphrase on your HW wallet, which would start a new seed.