Requirements and Warnings - Bitcoin Core

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BREAKING: Korean govt will regulate bitcoin exchanges but not ban them. Exchanges will have 6 reasonable requirements on KYC/AML, key storage, separation of fiat into 3rd party accounts, consumer warnings abt trading, transparency of order book.

BREAKING: Korean govt will regulate bitcoin exchanges but not ban them. Exchanges will have 6 reasonable requirements on KYC/AML, key storage, separation of fiat into 3rd party accounts, consumer warnings abt trading, transparency of order book. submitted by julanrouge to Bitcoin [link] [comments]

"utrexxo" from Tadge Dryja "rather than having to download the entirety of the bitcoin state, users could simply verify if it is correct using a cryptographic proof, minimizing storage requirements so that it might be possible to run a full node on a phone"

https://www.coindesk.com/this-scaling-tech-could-let-you-sync-bitcoin-straight-from-your-phone
submitted by lionmic to Bitcoin [link] [comments]

How much storage is required now for the bitcoin blockchain. How about in 2-3 years time?

I would like to be able to run the Trezor Suite product when it comes out. I understand this will give me a full node on my PC with some ability to connect my Trezor to it.
Can someone tell me how much storage is needed for the bitcoin blockchain now and how about in the future (2-3 years time), any estimates for then?
submitted by kolinHall to Bitcoin [link] [comments]

Finally, a Bitcoin cold storage wallet that doesn’t require sight. Damn, Bitcoin is really fast advanced technology!

Finally, a Bitcoin cold storage wallet that doesn’t require sight. Damn, Bitcoin is really fast advanced technology! submitted by Bitcoin-Yoda to Bitcoin [link] [comments]

"utrexxo" from Tadge Dryja "rather than having to download the entirety of the bitcoin state, users could simply verify if it is correct using a cryptographic proof, minimizing storage requirements so that it might be possible to run a full node on a phone" /r/Bitcoin

submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

"utrexxo" from Tadge Dryja "rather than having to download the entirety of the bitcoin state, users could simply verify if it is correct using a cryptographic proof, minimizing storage requirements so that it might be possible to run a full node on a phone" /r/Bitcoin

submitted by cryptoallbot to cryptoall [link] [comments]

Bitcoin fees lower than VerCash fees past few hours; with HALF the long-term full Node storage requirement.

Bitcoin fees lower than VerCash fees past few hours; with HALF the long-term full Node storage requirement. submitted by HiIAMCaptainObvious to BitcoinAll [link] [comments]

BREAKING: Korean govt will regulate bitcoin exchanges but not ban them. Exchanges will have 6 reasonable requirements on KYC/AML, key storage, separation of fiat into 3rd party accounts, consumer warnings abt trading, transparency of order book.

BREAKING: Korean govt will regulate bitcoin exchanges but not ban them. Exchanges will have 6 reasonable requirements on KYC/AML, key storage, separation of fiat into 3rd party accounts, consumer warnings abt trading, transparency of order book. submitted by BitcoinAllBot to BitcoinAll [link] [comments]

FYI: Bitcoin can run with the same bandwidth/storage requirements while offering more peak capacity and much lower fees.

Ultimately for bandwidth and storage requirements the average load is what counts. Which basically means that if the backlogs we run into does not stunt growth (and kick people off) we could have created bigger blocks at peak load without actually adding any extra load. As the current load on the network simply gets smeared out until the backlog is caught up.
Obviously growth is stunted to some degree, but not many Core supporters would care to admit that. Which basically means we have higher fees and an unreliable network with nothing to show for it.
If we didn't have the blocksize-limit, and we really wanted blocksize to grow at a slower pace. Introducing a hard limit would surely be regarded as the most stupid way to do just that.
As far as I know & recollect, this point hasn't been brought to a broader attention.
submitted by seweso to btc [link] [comments]

Major Coinbase security update - two-factor now required on sends and 97% of bitcoin now kept in cold storage!

Coinbase's Brian Armstrong had talked about the company's key splitting strategy in the past, but Coinbase has just disclosed that they now keep up to 97% of Bitcoin in cold storage up from 90% previously.
In addition, Coinbase is now requiring two factor on send, and other sensitive actions, including: recurring sends, enabling/disabling your API key, changing your password, changing phones on account, changing Google Authenticator settings, changing an SMS pin number.
Source: http://blog.coinbase.com/post/73364231652/security-updates-on-coinbase
submitted by twobitidiot to Bitcoin [link] [comments]

FYI: Bitcoin can run with the same bandwidth/storage requirements while offering more peak capacity and much lower fees. /r/btc

FYI: Bitcoin can run with the same bandwidth/storage requirements while offering more peak capacity and much lower fees. /btc submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Electrum send txn from multisig 2 of 2, both offline(cold storage). Only 1 sig required ! /r/Bitcoin

Electrum send txn from multisig 2 of 2, both offline(cold storage). Only 1 sig required ! /Bitcoin submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

Electrum send txn from multisig 2 of 2, both offline(cold storage). Only 1 sig required ! /r/Bitcoin

Electrum send txn from multisig 2 of 2, both offline(cold storage). Only 1 sig required ! /Bitcoin submitted by cryptoanalyticabot to cryptoall [link] [comments]

How much do storage and bandwidth requirements increase with SigWit, IN THEORY, at maximum? /r/Bitcoin

How much do storage and bandwidth requirements increase with SigWit, IN THEORY, at maximum? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

03-02 20:23 - 'Centralization is a scaling issue. Scaling inherently requires more computing resources (not just storage), which makes it more difficult for people to run nodes, and also makes it more demanding for existing nodes to rema...' by /u/buttonstraddle removed from /r/Bitcoin within 0-9min

'''
Centralization is a scaling issue. Scaling inherently requires more computing resources (not just storage), which makes it more difficult for people to run nodes, and also makes it more demanding for existing nodes to remain in operation.
The network is more robust with the more decentralization we have. The only benefit bitcoin offers over other payment systems and currencies is that it gives its users the power and control, without interference from governments and banks. That is the only benefit. Blockchains are an extremely inefficient technology, and so they will never match the speed or usability of a completely centralized system such as paypal or visa. But that's ok, because that's not bitcoins use-case. And so, to achieve bitcoin's only advantage over these systems (resistance against government), we should want as much decentralization as possible
Luke's view is that we are already too centralized
'''
Context Link
Go1dfish undelete link
unreddit undelete link
Author: buttonstraddle
submitted by removalbot to removalbot [link] [comments]

Required storage /r/Bitcoin

Required storage /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Wallet storage: is there any way to use a password plus a key file to require opening a wallet? /r/Bitcoin

Wallet storage: is there any way to use a password plus a key file to require opening a wallet? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Finally, a Bitcoin cold storage wallet that doesnt require sight. Damn, Bitcoin is really fast advanced technology!

Finally, a Bitcoin cold storage wallet that doesnt require sight. Damn, Bitcoin is really fast advanced technology! submitted by BitcoinAllBot to BitcoinAll [link] [comments]

'PayPal in Talks to Buy Crypto Firms Including BitGo', Paypal Seem to be going deeper on Crypto than first thought.

https://www.bloomberg.com/news/articles/2020-10-22/paypal-said-to-be-in-talks-to-buy-crypto-firms-including-bitgo
PayPal Holdings Inc. is exploring acquisitions of cryptocurrency companies including Bitcoin custodian BitGo Inc., according to people familiar with the matter, a move that would expand its embrace of digital coins.
PayPal has been holding talks with BitGo, a company that helps investors store Bitcoin securely, and could reach a deal within weeks, the people said, asking not to be identified because the matter is private. Talks could still fall apart and PayPal could opt to buy other targets, the people added.
It couldn’t be learned how much PayPal would pay for BitGo if it goes ahead with the deal. BitGo raised $58.5 million in 2018 at a $170 million valuation, according to PitchBook.
Representatives for BitGo and PayPal declined to comment.
Palo Alto, California-based BitGo was founded in 2013 by Chief Executive Officer Mike Belshe. It offers digital wallets that require multiple signatures for transactions, as well as offline vaults for storing Bitcoin and rival currencies. It was one of the first companies in the space to focus on institutional investors, according to its website.
The company applied in August to New York regulators to become an independent, regulated qualified custodian under New York State Banking Law, a press release showed. Custodians like BitCoin are responsible for safekeeping digital assets using secure storage.
PayPal announced on Wednesday that its customers can buy, sell and hold cryptocurrencies including Bitcoin, Ether, Bitcoin Cash and Litecoin from digital wallets, as well as use the virtual money to shop at the 26 million merchants on its network. The announcement led Bitcoin to surge past $13,000 for the first time since July 2019.
PayPal said it would partner with BitGo competitor Paxos Trust Company, a regulated provider of cryptocurrency products and services for its new service.
BitGo is backed by investors including Goldman Sachs Group Inc., Craft Ventures, Digital Currency Group, DRW, Galaxy Digital Ventures, Redpoint Ventures, Valor Equity Partners and Founders Fund.
submitted by MJURICAN to investing [link] [comments]

Smart scaling, or; Why on-chain scaling does not require a similar increase in blockchain storage /r/Bitcoin

Smart scaling, or; Why on-chain scaling does not require a similar increase in blockchain storage /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Suggestion/Idea for DIY high security "Bitty Bank" bitcoin one-way style storage no understanding of crypto required.

YOU NOW HAVE A SECURE AIR-GAPPED ONE-WAY BITCOIN BANK
And perhaps you also see why I term this the 'Bitty Bank'. You can put funds in but not take them out until your ready to 'break' it.
To 'break' your Bitty Bank, you have to connect it to the net and send whatever money you want to withdrawl. Unfortunately at this point your Bitty Bank is potentially compromised. The trick, is that you can have a new secure Bitty Bank set up to receive the excess funds at the same make your desired withdrawl from busted bank.
Why this should work From my understanding, it is not necessary for the Bitcoin recipient to come online within any given timeframe.
I've also observed that it is possible to create new wallets, without any net connection.
Since Bitcoin is really just a distributed ledger, this makes a lot of sense, your not actually sending anything to the recipient, your just logging that you want that person to have the concept of X.XX Bitcoin.
This being the case, it is never necessary to have your wallet on a net-connected machine until you intend to send bitcoins.
I hope this is clear and understandable, and that I have correctly interpreted the tech involved, but it could be I'm missing something?
If you found this idea helpful you can shoot some coins to me at 1DiWoibNRkcbcwmTb7sBR3xW974dazXUwR They would be my first.
submitted by go1dfish to Bitcoin [link] [comments]

iPhone ability to perform mobile bitcoin wallet storage and transactions will be required for full adoption

If the apple users can't use bitcoin as easily as android users, it will stay a techy-geek trend and never reach the mainstream populace of the world.
Bitcoin is not an app to be better used by one brand or another. It is a process that needs to be available to every user in some form, and currently the apple user is almost fully prevented from using it easily.
submitted by cubiclejockey to Bitcoin [link] [comments]

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Many serious bitcoin investors use a hybrid approach: They hold a core, long-term amount of bitcoin offline in so-called “cold storage,” while keeping a spending balance in a mobile account. Basics of Bitcoin Wallets . Before we can understand cold storage, we must first explore the concept of a bitcoin wallet. For the cryptocurrency user, wallets function in a somewhat similar way to ... Setup an offline wallet (cold storage) for significant amounts of bitcoins. Watch for security notifications. Allow your heirs to receive your bitcoins if you die or become incapacitated. If you need help with any step, please ask for assistance in any of Bitcoin’s friendly forums or live chatrooms. System Requirements The first time running Bitcoin Core, Max OS X will ask you to confirm that you want to run it: ... It is possible to configure your node to to run in pruned mode in order to reduce storage requirements. This can reduce the disk usage from over 350GB to around 5GB. Running a node in pruned mode is incompatible with -txindex and -rescan. It also disables the RPC importwallet. Two RPCs that are ... Bitcoin Self-Storage Disadvantages The biggest disadvantage of all these methods is the required level of technical understanding, effort, and planning. If your phone is lost or stolen, you forget where you put your storage device, or your chosen storage method is destroyed by fire, you may have permanently lost your bitcoins. Or if something happens to you, family members or beneficiaries may ...

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