8

Beginning with Taproot? Hmm... Something about this feels scary to me. Your mistrust is misguided. So, they are no longer making "signed" installers? The releases are still signed with the release GPG key, what is lacking is the Windows specific binary signatures which have to be made by a paid certificate by one of several authorities Microsoft ...


5

While it is true that Bitcoin can still be physically taken away from you, it is still much harder to do that than it is for a government to confiscate your fiat stored in a bank account (as most fiat is). With fiat in a bank account, the government can simply go to your bank and order them to freeze your account and lock you out of it. There is no need for ...


2

Is it ok to store private keys in cloud provider (such as AWS, Firebase) secrets (enviroment variables) in cloud functions (such as lambdas or firebase cloud functions)? That's up to you. If you trust them sufficiently to effectively have the ability to steal your coins, or trust you could successfully get compensation from them in case that happens, this ...


2

If the private keys are visible to you on your AWS account, then they'd be visible to anyone who has your session tokens (i.e. if a hacker would simply need to take your cookies to view the keys). So it's not only the cloud provider you'd need to worry about. Always best to sign transactions on your own node which has no connection to your online accounts. ...


2

The most extensive research on this topic is:"An Order-of-Magnitude Estimate of the Relative Sustainability of the Bitcoin Network" by Hass McCook among others, it cover specific topic as the economic and environmental cost of cash printing & coin minting, banking system, gold mining & recycling etc ... The results of the research are ...


1

Technically the others nodes you are connected to would see you sending the transaction to them but they wouldn’t know if it is your transaction or someone else’s and you are just relaying it. There might be a scenario where someone has strategically placed lots and lots of nodes into the network and monitors when certain transactions arrive to each of them ...


1

Miners offer up blocks to the network hoping that their offerings will be accepted. Other nodes may accept or reject such blocks. A node that accepts a block adds that block to their copy of the blockchain. Nodes that don't accept a particular block don't add it to their copy of the blockchain and don't pass on that block to anyone else. Any miner that is ...


1

Since no one else has made the attempt, I will (partially) answer my own question. To create a lower bound on the operating cost of the non-bitcoin financial system, I will add the operating costs of the 10 largest banks in the world. 2020/2021 are atypical years, so lets use the operating costs from 2019. According to the doughroller.net these are the &...


1

They don't and that's the point. The actual process varies probably from company to company, but generally, deposits into cold storage are automated, and withdrawals from cold storage require varying degrees of manual involvement. The process usually involves some of the following components: Air-gapped signing system The signing device is not connected to ...


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