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0 sats \ 0 replies \ @BitcoinHandsOn 17 Nov \ parent \ on: Padawan Wallet - Learn to use Bitcoin with testnet coins! bitcoin_beginners
Yes, I definitely need to have some more links in there. Especially the cover needs to be there, that would make it look more professional.
Yeah, I did put it up here - https://bitcoinhandson.github.io/BitcoinHandsOn/.
Even if you open source it, though, unless you're a big name, it doesn't seem to get noticed.
I'm still selling the paperback, ebook, and just uploaded the audiobook version on Amazon.
You could also check out my book Bitcoin, Hands-On: 28 “learn-by-doing” exercises to master the basics of managing your own Bitcoin, including wallets, transactions, and self custody. (https://www.amazon.com/dp/B0F4SZSCH8).
Here's the table of contents. You get lots of practice with real bitcoin and real transactions, and can do all of the exercises with less than $25 worth of bitcoin (and most of it will be left when you're done, depending on the bitcoin fees rates.)
Introduction 1
Exercise 1: Install Sparrow Bitcoin Wallet 5
Exercise 2: Create Alice wallet in Sparrow 9
Exercise 3: Buy Bitcoin 13
Exercise 4: Receive bitcoin into your Alice wallet 17
Exercise 5: Recover your Alice wallet 22
Exercise 6: Create wallet Bob 24
Exercise 7: Your first send—transfer bitcoin from Alice to Bob 26
Exercise 8: Review the Alice to Bob transaction 29
Exercise 9: Explore the Settings window of the Alice wallet 32
Exercise 10: Create watch only wallet based on Alice 35
Exercise 11: Explore the Alice Watch Only wallet 37
Exercise 12: Receive bitcoin via a watch only wallet 39
Exercise 13: Use the Alice Watch Only wallet to send a transaction 41
Exercise 14: Create wallet Bob Legacy Script Type 43
Exercise 15: Create wallet Alice With Passphrase 46
Exercise 16: Review some transactions 49
Exercise 17: Send bitcoin from Alice to Bob—review fees 53
Exercise 18: Bitcoin fees—what you pay, and why 56
Exercise 19: Install Blue Wallet and create the Carol wallet 60
Exercise 20: Send bitcoin from Bob in Sparrow to Carol in Blue Wallet 63
Exercise 21: Send bitcoin from your exchange to Blue Wallet Carol 65
Exercise 22: Import the Alice wallet to Blue Wallet via the public key 67
Exercise 23: Import the Alice wallet to Blue Wallet via the descriptor 69
Exercise 24: Set up password protection on Blue Wallet 71
Exercise 25: Recover the Bob wallet in Blue Wallet 73
Exercise 26: Send all bitcoin from the Bob Recovery wallet in Blue Wallet to Alice in Sparrow 76
Exercise 27: Bonus—use Blockstream wallet 78
Exercise 28: Clearing practice wallets and creating a long-term wallet 80
Hardware wallets 82
The Lightning Network 85
Final notes and next steps 87
Resources 94
Yeah, I tried posting on the Bitcoin_Beginners subreddit because there were some questions there that my Bitcoin Hands On book would have been so appropriate for.
But no luck. I didn't get banned and I was "allowed" to post, BUT my posts weren't visible to anyone.
I haven't put the time into trying to figure out how to actually make posting on Reddit work, but it's frustrating.
I agree on this.
Just wondering if something LESS complex than multisig can be a step between single sig and multisig, specifically for individual users.
So, is that like having a 24 word seed phrase, then you split it into 3 parts - one with say the first 8 and the last 8, the other with the middle 8 and the last 8, and the third with the first and middle 8, that type of thing?
(never mind, I did a little research on Shamir's Secret Sharing. seems very different).
Here's my thoughts on it:
- This is only valuable for a very cold storage situation - your stash that you want to keep safe, and (almost) never spend from
- It's an upgrade from single sig, in terms of resistance to violent theft. If you're keeping your seed phrase in your house, and someone breaks in and threatens you, you may give it up. If you have to actually go to another location, you're more resistant to this kind of attack
- Multisig is better, but much more difficult than just splitting the seed. Splitting the seed makes intuitive sense. Multisig does not. People who are knowledgeable about bitcoin often have a hard time putting themselves into the mind of a beginner - or even an intermediate user.
- Each "site" (location that you're keeping the secret) would have a backup. Like, you'd have a hardware wallet, and steel backup.
I'm not saying that splitting your seed, or doing a seed phrase/pass phrase as written up above is THE BEST security, better than multisig.
But, it really does seem that it might be a good step, between single sig and multisig.
I'm definitely interested in people's feedback, though. Maybe check out the video from above, see what you think.
Multisig is definitely the solution everyone points to, and I know it's a good solution in many cases.
But I'd love to hear some more about how exactly something that is a WHOLE LOT more simple and accessible to people (the first 2 options I list, geographically splitting either a 24 word seed phrase, or a seed phrase/passphrase), is such a bad idea, if you want to upgrade from standard single sig. I don't understand what's wrong with it, if you have some redundancy.
Also here's an interesting video - https://www.youtube.com/watch?v=7BAg5h4Lf2o - it's an interview with Peter Kroll, inventor of the paper wallet. He has a new setup now, that he's teaching, with 4 levels.
level 1 - custodial lighting wallet
level 2 - self custody bitcoin, in something like blue wallet, on phone, and steel seed phrase backup somewhere in house
level 3 - new phone, always cold, no sim card, no email except decoy always turned off for cold storage with blue wallet , hide cold phone in home, also steel seed phrase backup at home
level 4 - 2 of 2 multisig in Blue Wallet. Get another phone, same setup. Both phones have to authorize in order to sign. This phone, with steel backup, is given to family member. Another backup of seed B is in bank safety deposit box.
He's also not a fan of hardware wallets.
You're not quite the only one! But yes, there aren't not many of us.
And actually I created this login to occasionally talk about my book Bitcoin Hands On (https://www.amazon.com/dp/B0F4SZSCH8), it's not my main account.
I don't think so, I think I had a different amount. Also I show no sent transactions, in Dana.
But I've received 2 more transactions - were they from you? Or maybe the faucets worked, eventually?
And...just now I was able to apparently successfully send you 8000 signet sats, and then another 2000, so I'm not currently able to reproduce the error.
I tried sending some back to you twice.
First time, got a message, I clicked past it, but it was an error message that had the word "panicked".
Second time I got the message "failed to broadcast transaction, probably unable to connect to Tor peers". Got that another time after trying to hit Send button.
Then again got the panick message, full message - "task 352 panicked with message "called 'result::unwrap() on an Err value: RecvError".
Tried as well here - https://silentpayments.dev/faucet/signet/
I didn't get a message, but it doesn't look like I received anything either.
I installed Dana Wallet and would like to receive some signet, but with this address that I got from the app:
tsp1qqf0pgzqf3e50u4hawhc68j2n05jdyryaul0c2kk3hgcekkkay5cdwqc5tw55zr6wthrpt2z2na5pt29mdalk94fyskkj78jrd9yrhhrwqyc74nnw
I get the message "please match the requested format" on https://signet257.bublina.eu.org/