wizard_2016

But we gotta be careful. If sidechains don’t have enough miner support, it could backfire.

It's true, Traditional and Simplified aren’t just different fonts. They can generate different seeds due to their character encodings. The words selected for each list are also different. You can read more about it…

This identity topic has been beaten to death over the last 15 years. Speculating without solid proof? Pointless.

There’s a thread about Umbrel issues that might have what you need. Plenty of others have shared their experiences... could lead you to a fix.

TL;DR: A blockchain is literally a chain of blocks. Bitcoin is just a name. Blocks group transactions, and those blocks connect sequentially into a chain. It’s pretty simple when you think about it.

You brought up a good point, but neither base64 nor base58 is really 'human-usable'.

A BIP-39 phrase is a binary value encoded as a series of words. If you're gonna 'compress' it, better to just use that binary value. You can't really squeeze it down any more.

Post is right. Plenty of platforms run deterministic wallets for users. You can't just say "same wallet" better to think of it as using the same seed for multiple addresses.

Check out Ethereum. They don’t cling to one reference client like Bitcoin. And honestly, Bitcoin can’t lay claim to being single-client either since each update could potentially cause forks. Developers must tread…

Honestly, I don’t see Bitcoin ever being equal to the total global wealth. That just seems unrealistic to me.

If you've been in the scene this long, why stick with Coinbase? I got banned years ago and honestly, I didn’t care.

They’ve established Bitcoin as legal tender, though. The terms used in U.S. law don’t really matter here.

Forex traders get taxed on gains in the U.S., right?

So, the U.S. sees Bitcoin as a "convertible virtual currency" right now. If it gets recognized as legal tender somewhere, like El Salvador, it may change that status. We're talking about it being treated as actual money.

Maybe just buy lottery tickets instead. Spending that $110 + $3/month is more likely to change your life than mining.

Don’t forget to factor in electric costs, though. They can hit $300k to $600k a year.

In simple terms, your hash rate should match what you're willing to lose on electricity. The formula’s easy: how much you’re okay with losing, the power cost, and your miner's efficiency. You probably won’t be mining…

You won’t get anything from the IRS about that. You have to track it on your own.

Not really how it works in the US. Basically, anytime you swap Bitcoin for anything, including goods, it's a taxable event. You either make a gain or a loss.

I found something that might interest you guys: