Check out my miniscript wallet explainer for my decaying and timelocked 5 of 7 multisig wallet with a twist.
https://twitter.com/heavilyarmedc/status/1679503810635366400?t=8qvhkznZ0-u4SsDaFh0_LA&s=19
Is there any way to deal with a wallet file verification failure on bitcoind when trying to import a wallet file?
Outside from just deleting the wallet files that is.
I think many people who don't spend a lot of time thinking about money and economics may not realize that "inflation cooling off" doesn't mean prices return to their pre-inflated baseline...on the contrary, they keep going up, just more slowly than before!
If large & powerful entities like blackrock creating paper bitcoins posed a long term existential threat to Bitcoin's success, I never would've bought any.
BlackRock has a very, very good track record of getting their filings approved by the SEC. I would suspect there's no reason to believe this wont be approved.
I dont think it's a spot ETF. I believe it's very similar to GBTC but will hopefully be more accessible and be a closed end fund.
More likely to be approved for sure imo.
Black rock is way more serious than grayscale which for the longest time was a pink sheet stock, not to mention grayscale has a ton of altcoin exposure.
It seems black rock is preparing to launch a bitcoin ETF. Interesting timing.
https://www.coindesk.com/business/2023/06/15/blackrock-close-to-filing-bitcoin-etf-source/
If you are suffering from shock, denial, or anger about crypto and the SEC, allow me to give you the winning strategy.
Sell all of your crypto for Bitcoin and transfer it off of an exchange to a personal wallet where you securely control the keys.
The purchasing power of good money goes up during a deflationary economic contraction.
Everything other than bitcoin is a security.
What book are you currently reading?
State poor relief is clearly a subsidization of poverty, for men are now automatically entitled to money from the state because of their poverty. Hence the marginal disutility of income foregone from leisure diminishes, and idleness and poverty tend to increase further.
-Rothbard
It's nice to get insta confirms on 15 sat per bytes
Paid crypto shills have polluted the public discourse around bitcoin so badly that most of retail dont know what securities are, how nearly all of crypto thoroughly meets that criteria, and how bitcoin is different.
Has anybody encountered this situation when signing with a miniscript wallet on Bitcoin 25.0 where the PSBT shows complete, finalizing shows complete, but attempting to broadcast returns a "non-final" RPC error?
I'll buy the UFO whistleblower story when the GAE starts treating him like they treated Assange.
I love being able to work on open source software (Bitcoin) and simply ping my awesome network of other Bitcoin builders for advice, tips, debugging help, technical questions, etc.
It is a force multiplier in many cases.
It's especially helpful when you are working on a project alone, as it can feel isolating at times. It's much different than working in a corporate environment where you would be interacting with peers daily.
Sometimes simply in the act of attempting to explain a problem to someone else you will discover the answer. Sometimes you won't even need to spend the message, simply articulating it can be enough.
On the topic of the SEC suing binance...
Not all laws are inherently bad or immoral and for the record I strongly believe that US securities laws are being enforced justly here.
Far too many "crypto" people taking the rug out from underneath the unsophisticated retail investor.
Bitcoin is decentralized for a reason.
The people that pushback on this narrative are either so anti-statist they believe it's impossible for the state to enforce just laws (it's not)...or they have a bag of illegitimate securities to shill...
I can find common ground with the former but the latter is despicable.
Securities disclosures exist for a reason.
And for what it's worth, I've been warning people that state enforcement against unregistered securities (all of 'crypto') was a matter of when not if...and I've been singing this tune for a number of years now.
Be logically consistent.
I have the following miniscript descriptor
wsh(thresh(2,pk({A}),s:pk({B}),s:pk({C}),s:pk({D}),s:pk({E}),s:pk({F}),s:pk({G}),sun:after({unix_time})))
The expected behavior is for it to function as a 2 of 7 and decays down to a 1 of 7 after the unix time in the abs timelock is met.
However, even if I put in a unix time that has already passed, for example, 168546671...it still requires me to provide 2 signatures to meet the spending threshold.
What am I doing wrong?