Philips Kuyper
  • Member for 4 years, 3 months
  • Last seen more than a month ago
Why don't the miners just take profit from our coins and make the coin worthless?
7 votes

Because miners do not actually own/ or have access to the bitcoins which are being spent in a transaction. They simply choose a number of transactions which have valid signatures, and put them ...

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How are eth transaction faster than btc?
5 votes

Most simple and foreseen reason: Bitcoin's blocktime is set at 10 minutes, while Ethereum has a block every 10-20 seconds, making it much faster. See Ghost protocol, https://www.cryptocompare.com/...

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Supply Restriction on Bitcoin & Bitcoin Cash?
3 votes

Bitcoin Cash is a seperate fork, a seperate entity. There will be (a bit less than) 21 million BTC, and (a bit less than) 21 million BCH. Price differentiation is because of supply / demand for ...

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Does changing mining algorithm(SHA256) of bitcoin cause any side effect?
3 votes

Apart from GPUs being more viable for mining, no, there isn't. (And asics being less viable, or more or less useless..) Apart from maybe a difference in difficulty etc, but blocktimes and blocksizes ...

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How can Electrum restore a wallet?
Accepted answer
3 votes

1)2) Electrum uses so called "Deterministic wallets". In short this basically means that your entire wallet can be recovered using the seed. Even if you delete the wallet file/ have no private keys, ...

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bitaddress.org: is the public key the same as the Bitcoin address?
Accepted answer
3 votes

No, they're not the same thing. Paper wallets are not generated differently as/in to comparison to normal wallets. a bitcoin adress is part of a public key. The address is at its most basic just a ...

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imported non spendable btc
2 votes

Impossible unless you have the private key belonging to the adress. Your friend didn't import a few "wallets", he imported a few adresses, which makes his wallet a "Watch-Only wallet" (for the ...

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How to access funds from a fork?
Accepted answer
2 votes

You will need to download a wallet that supports the said fork. So for example for the "Bitcoin Cash" fork, you will need to download something like this, https://electroncash.org/ Take extreme care ...

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dollars being sent to me for no reason?
Accepted answer
2 votes

I'm not sure if you're trolling or not, but 200 bitcoins is currently worth ~2,357,000$. ( Which seems to pretty aligned with the number you are giving.) There's no virus/scam or bug, the price ...

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What makes bitcoin decentralized?
2 votes

I think you're not understanding what decentralized exactly means. Sure, a company with a large stake can control the price ( up to a certain degree), but this does not mean that they control (the ...

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How is a miner prevented from adding transactions without signatures to their block?
Accepted answer
2 votes

No, you're not the only one who checks signatures. Before a block is submitted, every signature / transaction is checked/verified by other nodes. I believe the SHA256 hash is the first thing which ...

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Any wallet that support cancellation of transaction?
2 votes

Yes. Most software wallets will have this feature. It's called double spending with a higher fee. There is not really a thing as "cancelling" a transaction, once it is broadcasted, it is unstoppable, ...

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Cannot recover wallet from 12 word BIP 39 seed generated by Bread Wallet on iOS
Accepted answer
2 votes

Electrum doesn't support BIP39 (by default) as far as i know, so you will need to use another wallet. You could try and use an older version of Electrum, then enable BIP39 seeds, and see if that ...

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Wallet recovery history
1 votes

You can't. Most if not all wallet software don't keep logs as to who accesses recovery seeds or mnemonic phrases. (as would be stupid if not impossible) (I'm assuming you're talking about Electrum ...

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Why does Binance use USDT instead of USD?
1 votes

It makes sense to me that they don't offer a USD trading pair, as binance does not have access to the US banking system, much less so to the or a federal reserve account. How they are able to ...

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Priv Key with 58 characters to WIF
1 votes

A private key starting with a 6... and being 58 characters long.. sounds to me like you encrypted another private key with BIP38? Simply decode the private key using a third party tool and then ...

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Does every miner verify blocks that are already in the Blockchain
1 votes

I'd advise you to use the search function a bit more, as you are asking a lot of questions which have already been answered. When it is broadcast, other full nodes will ignore it as spam, and ...

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Splitting BTC and BCH from cold storage using bitcoin core wallet sending to exodus
Accepted answer
1 votes

Did you import the keys from your bitcoin core wallet to the exodus wallet? It seems to me that you simply transacted your bitcoins to another adress (+Wallet). This however does not mean that your ...

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have can i retrive my bcc (bitcoin cash) from bitcoin address?
1 votes

Depends. Do you control the adress you sent the bitcoin to? If so, simply import the private key in a wallet compatible with bitcoin cash. If you don't, you're dependant on bittrex, and they only ...

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Litecoin-cli validates segwit bitcoin address as valid litecoin address
Accepted answer
1 votes

No, this is working as intended. When litecoin first introduced segwit, they also used 3.... adresses. They were (are) generated the same way ( Using the same P2SH as bitcoin.). These now start with ...

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If BTC.com has the highest hash rate, then why is it not the only pool prodcuing the blocks?
1 votes

Because it is like a lottery. You're not bound to win all the time, even if you "bought" the majority of tickets. Everyone basically has a % chance of finding a new block ( which correlates with the ...

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Why is my segwit private key generating a 3 address vs a bc1 address like how I originally generated?
1 votes

Yes. this is normal, it's simply a matter of how it is derived. I can even import your private key with a legacy wallet (in Electrum), which gives me 1QGFb7AUSFFnXEfBMUEf79NGKXqXMf9TQ7 You can then ...

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What Do SegWit Addresses Look Like?
1 votes

You are using the testnet which uses 2 instead of 3, but as far as i know it is impossible to tell if something is a multisig or segwit adress when they both start with 3 on the "real" bitcoin chain, ...

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Lost money with Bitcoin Core wallet
1 votes

You linked adresses. Not transaction ID's. It seems to me that you A. either failed to broadcast your transaction, or B. you broadcasted it with a fee that was so low that nodes eventually dropped ...

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How Blockchain ensures transactions are not lost?
1 votes

Why do you think that the transaction will be "lost"? It will simply stay in the mempool as long as it is broadcasted by the sender and it will stay there until a miner decides to work with it, and ...

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Why is CPFP (Child pay for parent) immune to double spend?
Accepted answer
1 votes

If you're doing CPFP right, The two transactions you sent are both originating from the same UTXO, but one spends the output of the older transaction with a higher fee. If the miners want to get the ...

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Zapped transaction, did rescan - bitcoin lost... :(
1 votes

I don't think so. If the transaction is removed from the blockchain, it means it was never confirmed. Thus the UTXO is still unspent, and should still be in your wallet. Are you sure your wallet is ...

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Bitcoind functionality w/o running a full node
Accepted answer
1 votes

I guess you could use some API that provides the same functionality. See https://chainquery.com/bitcoin-api/decoderawtransaction bitcoin-cli decoderawtransaction And much more calls/commands are ...

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What is the difference between ripple blockchain and bitcoin exchange?
1 votes

XRP runs on an internal blockchain. There are no public blocks/ transactions, but rather everything is done P2P. They do however track alot more client/user information. They do not use PoW, ...

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Can I retrieve missing Bitcoins that failed to process as Wallet is corrupt?
1 votes

If you know the password to your wallet.dat, you should try to retrieve the private key adresses and import them in a wallet such as Electrum, and see if that fixes your issue. This is a bit of a ...

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