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Messages - _act_

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High transaction fees happens to be one of the after effects of the Bitcoin Halving.
You are not correct. I have just gone through block 629999 and block 630000

Block 629999 came with 12.5 BTC and but the total fee paid to the miner that mined the block is 1.06876397 BTC.
Block 630000 came with 6.25 BTC and but the total fee paid to the miner that mined the block is 0.90968084 BTC.

When I saw this, I did not look further to calculation the ones for previous halving.

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Altcoinstalks Username: _act_
BTC Segwit/Bech32 Wallet Address: bc1qnvs9emtg37gnlcgvxucac6aynnrclgyrr4dvq2

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Bitcoin Forum / Re: High fees is a never ending story?
« on: April 14, 2024, 12:07:11 PM »
This possibility has become a natural thing when Ordinal has started to have an influence on bitcoin price movements on exchanges, it will also have an impact on the decline in Bitcoin prices.
Ordinals having effect on bitcoin price? You are not right about this. It is bitcoin that is having effect on Ordinals price and not only Ordinals but cryptocurrencies in general. If bitcoin price deceasing, ordinals and other altcoins will also be decreasing in price.

4
Bitcoin Forum / Re: Impact of Halving on Bitcoin Mining
« on: April 10, 2024, 01:01:34 AM »
A bull market is still possible after the halving.
Your topic is different from your post. In your topic, you were talking about impact of halving on bitcoin mining and not bitcoin price but in your post you talked about effect of halving on bitcoin price. You can see how different they both are. If you are talking about the effect on the price, bull run is still coming till 2025.

5
If you download pirated software/cracks, it is very likely that clipboard malware was hidden in one of them, and that is a much smaller accident than being infected with a RAT (remote access trojan), with which a hacker can actually completely control your computer. If you want to have a "clean" computer, you will have to change your habits, or get a new computer only for serious things.
There are fake apps on application stores. Both Google Playstore and Apple store. There are many apps that those stores will not know that contain what can be used to steal your coins. That is why it is better you get a device you do not use to download too much apps than to be using it for just wallets. Also a device which will not be used to download executable files and other things but just for wallet only is better for online wallets.

1 or 6 confirmations are the same for an ordinary mortal, and the only chance to turn the situation in your favor is to manage to react quickly enough and send BTC back to your address with the help of RBF.
But the transaction may not be the one that has RBF. It can also be too late, only one confirmation is enough for double spending not to work and the coin sent to a wrong address without no recovery of any kind possible.

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Bitcoin Forum / Re: The need for usage of Airgapped devices
« on: April 07, 2024, 01:41:29 PM »
Interesting discussion from the OP, I must say. But after reading through all the replies in the comment section, I could only come to one conclusion from my observation. My conclusion is: even if we try to download the software on a particular mobile and then install it on the supposed offline mobile device, we would still have to connect to the internet in order to create a new wallet address. If I'm not mistaken, most of the replies here suggest that a device with zero connection should act as the airgapped device. So I have been curious, unless we now have non-custodial wallets that could perform the first setup offline.

I believe the best way to make and use an air gapped device is with the use of Electrum which OP has shown in this thread. For proper air gapping, I suggest OP to go with a old desktop pc and remove all hardware from that pc which allow internet connections. After that the OP should download electrum from internet using another device that's not air gapped and copy the Electrum on his/her air gapped device and create a wallet with Electrum. Make sure to write the seed phrase on paper and do multi copies of it.

I'm a little confused here because it seems the air-gapped device still needs an internet connection. From what you explained, it appears the main aim here is to avoid getting malware while downloading the software package, rather than actually connecting to the internet. Because even after installing the software on the air-gapped device, there should be a need for wallet setup using an internet connection, isn't there?.
You will use a wallet that does not need internet connection to generate seed phrase, master private key, master public key and addresses. Electrum can also generate private keys and public keys without the internet connection. You do not need an internet for it. Only what you need internet for is the watch only wallet and not the wallet on airgapped device.

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Bitcoin Forum / Re: The need for usage of Airgapped devices
« on: April 07, 2024, 12:36:28 PM »
I believe the best way to make and use an air gapped device is with the use of Electrum which OP has shown in this thread.
You post a good and well explained way to setup a wallet on an airgapped device but I just want you to know that there are other wallets that you can use for it. The wallet for signing transaction is a cold wallet and if it has QR for the transfer of the PSBT and the signed transaction, it is good. All wallets that support that are perfect for a airgapped wallet.

A good wallet on airgapped device needs QR code for making transaction and no more than that. The other important feature like having double spend characteristic and others should be on the watch only wallet.

For import of the master public key, you can use Electrum, Sparrow, Bluewallet or Sentinel.

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Username: _act_
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