I just bought bitcoin
I just bought bitcoin right now and realized that it was peaking at the moment. Did I make a bad choice? Thank you in advance for those who will answer. HOPEFULLY I won't regret my purchase.
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I just bought bitcoin right now and realized that it was peaking at the moment. Did I make a bad choice? Thank you in advance for those who will answer. HOPEFULLY I won't regret my purchase.
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Why do men know everything about bitcoin but don't know when their woman is upset? Haha
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What's with the weird network activity? Someone is consolidating thousands of "packets" of identical multisig UTXOs all to a single address. Around one million UTXOs consolidated in the last four hours. $10M+ spent in fees. Who is this and what are they doing?
The UTXOs are being consolidated in packets of exactly 138 inputs, with every input exactly the same size. In other words, this isn't an exchange consolidating user deposits. What's going on? Why would so much bitcoin even exist in these packets of identical UTXOs? Why the need to consolidate them all at once, and at a huge expense? Note: This isn't ordinals/runes. Any ideas? Thanks :)
Here's the address: https://mempool.space/address/bc1quhruqrghgcca950rvhtrg7cpd7u8k6svpzgzmrjy8xyukacl5lkq0r8l2d
Edit: Just to reiterate, I don't think this is ordinals related. There are random worthless inscriptions mixed in with the funds, but that's normal now with so many inscriptions being worthless after creation (e.g. BRC tokens). These funds are being consolidated, nothing new is being minted/distributed. The address held nearly $1B in bitcoin last month, so I expect this is linked to a CEX. Also note that while the identical UTXOs are small, they are not tiny dust-limit inscription UTXOs. Each are around 600k sats ($400).
Edit 2: They went from paying $5K in fees per TX this morning to now paying $15K per TX... Why the urgency?
Edit 3: Best explanation for the near-identical packets provided by u/pop-1988 ( https://www.reddit.com/r/BitcoinBeginners/comments/1dabm6c/comment/l7jgz1i/ ) suggesting that the source has such a large number of UTXOs that they have been sorted by size, and are being consolidated in TXs made of UTXOs of the same size. So it could actually be a CEX/gambling platform consolidating user deposits. What still doesn't make sense is them not taking more time to do this in order to keep costs much lower...?
https://redd.it/1dabkdm
@r_bitcoin
The UTXOs are being consolidated in packets of exactly 138 inputs, with every input exactly the same size. In other words, this isn't an exchange consolidating user deposits. What's going on? Why would so much bitcoin even exist in these packets of identical UTXOs? Why the need to consolidate them all at once, and at a huge expense? Note: This isn't ordinals/runes. Any ideas? Thanks :)
Here's the address: https://mempool.space/address/bc1quhruqrghgcca950rvhtrg7cpd7u8k6svpzgzmrjy8xyukacl5lkq0r8l2d
Edit: Just to reiterate, I don't think this is ordinals related. There are random worthless inscriptions mixed in with the funds, but that's normal now with so many inscriptions being worthless after creation (e.g. BRC tokens). These funds are being consolidated, nothing new is being minted/distributed. The address held nearly $1B in bitcoin last month, so I expect this is linked to a CEX. Also note that while the identical UTXOs are small, they are not tiny dust-limit inscription UTXOs. Each are around 600k sats ($400).
Edit 2: They went from paying $5K in fees per TX this morning to now paying $15K per TX... Why the urgency?
Edit 3: Best explanation for the near-identical packets provided by u/pop-1988 ( https://www.reddit.com/r/BitcoinBeginners/comments/1dabm6c/comment/l7jgz1i/ ) suggesting that the source has such a large number of UTXOs that they have been sorted by size, and are being consolidated in TXs made of UTXOs of the same size. So it could actually be a CEX/gambling platform consolidating user deposits. What still doesn't make sense is them not taking more time to do this in order to keep costs much lower...?
https://redd.it/1dabkdm
@r_bitcoin
mempool.space
Bitcoin Address: bc1quhruqrghgcca950rvhtrg7cpd7u8k6svpzgzmrjy8xyukacl5lkq0r8l2d
Explore the full Bitcoin ecosystem with The Mempool Open Source Project®. See the real-time status of your transactions, get network info, and more.
Bitcoin Whale Buys $1 Billion in BTC Every Day: Who Could It Be?
https://criptoinforme.com/bitcoin/ballena-de-bitcoin-compra-1-mil-millones-en-btc-todos-los-dias-quien-podria-ser/
https://redd.it/1daawwc
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https://criptoinforme.com/bitcoin/ballena-de-bitcoin-compra-1-mil-millones-en-btc-todos-los-dias-quien-podria-ser/
https://redd.it/1daawwc
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Criptoinforme
Ballena de Bitcoin compra $1 mil millones en BTC todos los días: ¿Quién podría ser?
Recientemente, se ha observado un fenómeno notable: una gigantesca ballena de Bitcoin ha estado añadiendo alrededor de $1 mil millones en BTC diariamente a su
For those who bought in the 20s, how terrified are you about the drop back down to 69k?
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https://redd.it/1damwa5
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Judge may impose‘extraordinary’ response of up to 7 years in prison for Craig Wrights lies
The judge eyes severe penalties and custodial sentences for Wright in the COPA case.
Craig Wright faced a decisive blow in the courtroom today as the UK High Court delved into the penalties and injunctive relief in his case against the Crypto Open Patent Alliance (COPA). The proceedings, detailed in live updates from What The Finance on X, saw Jonathan Hough KC presenting a comprehensive argument for severe measures against Wright, emphasizing the harm caused by his fraudulent claims and litigious actions against prominent figures in the crypto community.
Jonathan Hough KC stressed the significant chilling effect Wright’s actions had on crypto development, noting that five developers had distanced themselves from projects due to Wright’s aggressive legal strategies. He highlighted the need for substantive injunctive relief to prevent Wright from perpetuating his claims of being Satoshi Nakamoto and to safeguard the integrity of the crypto ecosystem.
Hough detailed Wright’s past prosecutions against individuals like Hodlonaut and Peter McCormack, portraying Wright’s actions as vindictive attempts to destroy the lives of those who questioned his legitimacy. What The Finance reported that the judge appeared sympathetic to these arguments, with Hough stressing the necessity of injunctive measures to prevent Wright from further disseminating his false claims and pursuing litigation based on his fraudulent assertions.
In an almost full courtroom, with notable absences from Wright’s team, including Wright himself, who is ‘traveling,’ Hough navigated through legal precedents and framed a compelling case for a robust injunction. This included preventing Wright from claiming he is Satoshi Nakamoto in any public forum and mandating the removal of such claims from the internet. Justice Mellor indicated a willingness to issue an extraordinary response, hinting at the possibility of severe penalties, including custodial sentences.
According to the Perjury Act 1911, the maximum sentence in the UK is seven years and a fine.
“If any person lawfully sworn as a witness or as an interpreter in a judicial proceeding wilfully makes a statement material in that proceeding, which he knows to be false or does not believe to be true, he shall be guilty of perjury, and shall, on conviction thereof on indictment, be liable to penal servitude for a term not exceeding seven years, or to imprisonment with or without hard labour for a term not exceeding two years, or to a fine or to both such penal servitude or imprisonment and fine.”
In the UK, perjury is an indictable-only offense, meaning it must be tried in the Crown Court, which typically involves a trial by jury. If Craig Wright were to be sentenced for perjury, he would need to undergo a new trial by jury. This is because perjury is considered a serious offense that undermines the administration of justice, and the legal process requires a thorough examination of evidence and testimonies, which is best conducted in a Crown Court setting with a jury.
The proceedings also reportedly touched on Wright’s failure to provide an address for legal service, suggesting attempts to evade responsibility. Hough called for a criminal prosecution against Wright and his associate Stephan Matthews for false representations, bolstered by video evidence of Wright discussing perjury penalties.
What The Finance reported that Wright’s legal team attempted to argue against the relief sought by COPA, claiming it was unnecessary and unprecedented. However, the judge’s stance suggested that Wright’s prolonged campaign of deceit warranted a stringent judicial response, potentially marking a significant point in the ongoing saga surrounding the true identity of Bitcoin’s creator.
https://redd.it/1das3im
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The judge eyes severe penalties and custodial sentences for Wright in the COPA case.
Craig Wright faced a decisive blow in the courtroom today as the UK High Court delved into the penalties and injunctive relief in his case against the Crypto Open Patent Alliance (COPA). The proceedings, detailed in live updates from What The Finance on X, saw Jonathan Hough KC presenting a comprehensive argument for severe measures against Wright, emphasizing the harm caused by his fraudulent claims and litigious actions against prominent figures in the crypto community.
Jonathan Hough KC stressed the significant chilling effect Wright’s actions had on crypto development, noting that five developers had distanced themselves from projects due to Wright’s aggressive legal strategies. He highlighted the need for substantive injunctive relief to prevent Wright from perpetuating his claims of being Satoshi Nakamoto and to safeguard the integrity of the crypto ecosystem.
Hough detailed Wright’s past prosecutions against individuals like Hodlonaut and Peter McCormack, portraying Wright’s actions as vindictive attempts to destroy the lives of those who questioned his legitimacy. What The Finance reported that the judge appeared sympathetic to these arguments, with Hough stressing the necessity of injunctive measures to prevent Wright from further disseminating his false claims and pursuing litigation based on his fraudulent assertions.
In an almost full courtroom, with notable absences from Wright’s team, including Wright himself, who is ‘traveling,’ Hough navigated through legal precedents and framed a compelling case for a robust injunction. This included preventing Wright from claiming he is Satoshi Nakamoto in any public forum and mandating the removal of such claims from the internet. Justice Mellor indicated a willingness to issue an extraordinary response, hinting at the possibility of severe penalties, including custodial sentences.
According to the Perjury Act 1911, the maximum sentence in the UK is seven years and a fine.
“If any person lawfully sworn as a witness or as an interpreter in a judicial proceeding wilfully makes a statement material in that proceeding, which he knows to be false or does not believe to be true, he shall be guilty of perjury, and shall, on conviction thereof on indictment, be liable to penal servitude for a term not exceeding seven years, or to imprisonment with or without hard labour for a term not exceeding two years, or to a fine or to both such penal servitude or imprisonment and fine.”
In the UK, perjury is an indictable-only offense, meaning it must be tried in the Crown Court, which typically involves a trial by jury. If Craig Wright were to be sentenced for perjury, he would need to undergo a new trial by jury. This is because perjury is considered a serious offense that undermines the administration of justice, and the legal process requires a thorough examination of evidence and testimonies, which is best conducted in a Crown Court setting with a jury.
The proceedings also reportedly touched on Wright’s failure to provide an address for legal service, suggesting attempts to evade responsibility. Hough called for a criminal prosecution against Wright and his associate Stephan Matthews for false representations, bolstered by video evidence of Wright discussing perjury penalties.
What The Finance reported that Wright’s legal team attempted to argue against the relief sought by COPA, claiming it was unnecessary and unprecedented. However, the judge’s stance suggested that Wright’s prolonged campaign of deceit warranted a stringent judicial response, potentially marking a significant point in the ongoing saga surrounding the true identity of Bitcoin’s creator.
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Daily Discussion, June 08, 2024
Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!
If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.
Please check the previous discussion thread for unanswered questions.
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Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!
If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.
Please check the previous discussion thread for unanswered questions.
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In the realm of Satoshi Nakamoto by @zenderland
https://suno.com/song/9a84d612-ae75-4ce7-b0f5-14c9f77c0d3b
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https://suno.com/song/9a84d612-ae75-4ce7-b0f5-14c9f77c0d3b
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Suno
In the realm of Satoshi Nakamoto by @zenderland | Suno
techno, ambient, melancholic, aggressive, fast, 80s, electro, pop, melodic, catchy, viral, masterpiece song. Listen and make your own with Suno.
Wasabi Wallet alternative
Wasabi Wallet (zkSNACKs) stopped their coinjoin service. As of now, the client can still connect to other coordinators so if you liked Wasabi, there is a new fork called Ginger Wallet. It is almost the same as Wasabi but with a supported and active coinjoin coordinator.
You can either configure Wasabi to connect Ginger's coordinator or download their client which will work out of the box. It works with Wasabi data, so you don't have to import your wallet and sync if you are a Wasabi user.
More info: https://gingerwallet.io
https://redd.it/1day19c
@r_bitcoin
Wasabi Wallet (zkSNACKs) stopped their coinjoin service. As of now, the client can still connect to other coordinators so if you liked Wasabi, there is a new fork called Ginger Wallet. It is almost the same as Wasabi but with a supported and active coinjoin coordinator.
You can either configure Wasabi to connect Ginger's coordinator or download their client which will work out of the box. It works with Wasabi data, so you don't have to import your wallet and sync if you are a Wasabi user.
More info: https://gingerwallet.io
https://redd.it/1day19c
@r_bitcoin
Ginger Wallet - Bitcoin privacy wallet with built-in coinjoin
Ginger is an open-source, non-custodial, privacy-focused Bitcoin wallet for desktop, it implements trustless coinjoin over the Tor anonymity network.
Is it possible to create a new wallet which turns out to exist already?
The title says it all.
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The title says it all.
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New All Time High: Bitcoin is now at 55.8% sustainable energy use. ♻️
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https://redd.it/1db19w6
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All 24 words but mixed up. How quick to find the right order?
As it says on the tin. If you had all the words but not the right order, how long would it take to cycle through all possible combinations to find the right order?
https://redd.it/1db18ud
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As it says on the tin. If you had all the words but not the right order, how long would it take to cycle through all possible combinations to find the right order?
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