@waxwing true, but that doesn’t stop regulators from imposing laws and consequences on their citizens, even if only in a select number of cases.
In any case, the advent of bitcoin certainly has made their job more difficult in many respects. It seems to level the playing field in many ways.. users are more capable due to less red tape, but also more at risk.
Interesting... not because I think the regulations of some jurisdiction have bearing on Bitcoin, but because it highlights the wild-west-ness of this space.
Permissionless innovation means that financial regulations are an inconsequential barrier for a motivated user. It seems that education may be more effective that regulation in this regard. Though I suppose bad actors will still exist even in a highly-educated future.
@harding @liberliver @Sosthene @cryptocoderbob
Appreciate the feedback!
I'm thinking of doing some investigations into how different wallets deal with fee rates, so I figured while I'm at it I could keep track of some other basic stuff as well.
Even though mobile wallets are probably far from the wallet-of-choice for people that hang around here, they do seem to be very popular with newer users and the like. So I'm interested to see how each wallet behaves wrt fees-- a hot topic these days.
@cryptocoderbob what do you mean by 'different types of wallets'?
As in, multiple separate BTC wallets?
@Sosthene Thats how I use LND on the go, works nicely
@Sosthene yea, thats the thing: building a web that is better for users would be great, but it feels like GDPR just acts to point out the ways in which the web sucks, probably without changing much.
Maybe I'm oversimplifying, I haven't looked into it too deeply, but thats the impression I have at least.
On one hand, I like that the goal is giving people more awareness/ownership over their info, but I feel like I now understand the complaints I've seen about it online a bit better. Maintaining a good UX isn't easy, I guess.
Luke-jr doing some important work here:
@Sosthene Have you looked at BIP174 (PSBT)?
@Sosthene I think you're right, and that was actually the discussion I had with a friend while looking at the exhibit: if the cost of attack is higher than the reward, then you have a reasonable assurance of security.
Considering the dev hours needed to build something like that... maybe a quick and easy fix is to just use a 3rd party block explorer service over TOR? Wallet UI could pull explorer data through TOR, and validate it against local node's copy of the chain?
Unless I'm mistaken, this seems like it would be a reasonable solution to not leaking addresses to a 3rd party, while still being able to locally validate the displayed data, without needing to maintain a full tx index?
@Sosthene They really are, pretty amazing considering the production tech limitations at the time.
I wonder how close of a match you'd need to make a counterfeit key for some of them? ie. How closely did the locking mechanism fit with the keys?
They mention using comp sci for verifying proofs, not ‘black-box machine learning’... and this apparently feels good because mathematicians still retain understanding of the progress of math.
But what happens if/when machine learning algos can spit out proofs that are otherwise verifiable? Is that better or worse than these enormously complex proofs that the state-of-the-art has been constructing?
@kallewoof Thats great!
It would be nice to have a tool that can pull mempool data from your own node and display it similarly, but in the meantime I hope his site stays up and running.
I just discovered that he accepts lightning donations to help pay server costs, sent some sats his way :D
@kallewoof I'm kind of amazed I don't see his site mentioned more online as a place for checking fee-rates. I guess sites/services that just report a specific sat/vbyte rate are more user-friendly, but I think Johoe's mempool is one of the nicest tools online for it. It has always been reliable for me.
In many cases I think mobile wallets are a reasonable mix of easy UX and security (as long as your phone isn’t rooted, etc). For larger amounts, or power users, they aren’t great, but at least they’re easy enough to use for newbies. Some of them allow you to connect to your own node, so at least you have some privacy there.
Unfortunately, no mobile wallet is fully featured, at least on iOS. UTXO selection, manual fee selection, would be nice.
Fees are not explicitly included in txs, they are implicitly specified as the difference between inputs and outputs. And so a miner can claim fees up to the sum of (all inputs in the block - all outputs in the block).
techno sapien demands techno sovereignty
A mastodon instance for Bitcoin Maximalists.
No scams, no shitcoin, no impersonation, no begging, and no illegal content.
Keep it civil and we should all survive :)