Bitcoin Optech Newsletter #61

[feliciahearn]

<br> Nearly every large bank that has ever had anything bad to say about Bitcoin is now stumbling over themselves to offer services to customers who want in. At time of writing, HitBTC and ViaBTC do allow this, but we are not comfortable recommending either of these services for now. The instructions are very straightforward for most services so don’t become overwhelmed. However, at this point in time there are no BCH wallets available yet that allow this and which we can confidently recommend using. Two of these hardware wallets in particular, Trezor and Ledger, have gone through the effort of offering you access to your BCH. Update: Trezor has removed BCH for now, due to a bug in their Bitcoin Cash backend server. Therefore, the BCH version of Electrum, dubbed “Electron Cash,” should allow you to do this, too. ● LND 0.12.0-beta.rc5 is the latest release candidate for the next major version of this LN node. If script changes are added to the Bitcoin protocol, such as taproot, a new version of miniscript will likely be created that supports the protocol additions, making the upgrade easy for both wallets and users even if they use complex scripts. And in part because the situation is still developing, even this article may contain accidental errors … May and his guests looked forward to everything those governments feared. Putting an outright ban might stop the mainstream use of crypto’s but the loopholes would most certainly help harbor criminal activities, which would most certainly be beyond governments control. That takes you through how to use Crypto Mixers to stay safe while transacting on the Dark Web. The valuations of blue-chip startups in the crypto space have fallen commensurately. It is all very new, developed within a short timeframe, and the peer review done on all this software has probably not been as extensive as it usually is within the Bitcoin space. It is therefore probably wise to not import your private keys in such software right away; instead, wait to see if there are any reports of problems. However, to be on the safe side at this point in time, we are not fully comfortable recommending any Bitcoin Cash software.
Don’t worry, your funds are secure. Update, August 7: More exchanges are opening up BCH trade and deposits, including (but not limited to) Bitfinex, Kraken, Changelly and Shapeshift. It’s probably best to wait until a more established exchange enables BCH deposits, and use this instead. A more serious complaint is that the chatbot is no use if one has a problem that does fall within the chatbot’s programming – and that has happened to me several times – and this is compounded by the inability to actually get through to a real person. See the above section on paper wallets for more details. These wallets store your private keys in a dedicated folder on your computer. Unfortunately, however, not many wallets actually support directly importing your private key(s) – and less so for BCH. This includes instructions for full node wallets. Once again, whichever of these wallets you used, your BCH should be safe and 바이낸스 2FA (my sources) there’s no rush to claim them. Update, August 21: Coinomi published a blog post explaining how to access your BCH using their wallet. At the time of writing, it seems you won’t be able to access your BCH quite yet; keep an eye on their blog for <br>t<br>
If you did not follow our advice, and instead stored your BTC in any other wallet, or on an exchange, or anywhere else, you may or may not still be able to claim your BCH. But actually being able to claim them may differ a bit from wallet to wallet. Our second recommendation was to use a paper wallet. A few cryptocurrencies use proof of coverage that requires miners to provide a service-for example, hosting a router in their home to expand the network. As it turns out, all that electricity use has its downside: Namely, it can make serious Bitcoin miners look like marijuana growers to police. You can make a backup of this folder using the menu in your wallet, and select: “Backup wallet”. Once you’ve done this, you should be able to import this backup into a Bitcoin Cash full node, like Bitcoin ABC. Furthermore, some Bitcoin Cash full node wallet software, like Bitcoin ABC, conflict with Bitcoin software, such as Bitcoin Core. Our first recommendation was to use a full node wallet, like Bitcoin Core or Bitcoin Knots. It is therefore not recommended to install a Bitcoin Cash full node wallet on the same<br>puter.

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