Tag: Reason

The reason I can’t buy bitcoin is the exact reason I want to buy bitcoin

I went to deposit funds into btc-e.com, my international transfer was refused because it was deemed 'too risky'. Despite explaining to them I've dealt with btc-e.com many times, for larger amounts, they won't budge.

When did my cash cease to be my own, when did we all need to ask permission to transfer money?

submitted by /u/wiggy222
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Bitcoin

Why does blockchain.info show the warning “Transaction rejected by our node. Reason: The transaction is not final”?

The transaction fc3f81c625720063c5cab2145bcb5ef20b13ff0aa73b0b2435ffdb645acfcb8b has the warning “Transaction rejected by our node. Reason: The transaction is not final.” on Blockchain.info.

The same transaction shows up with five confirmations on Blockexplorer.com.

What does that “the transaction is not final” mean, and why did blockchain.info reject the transaction?

Recent Questions – Bitcoin Stack Exchange

The real reason so many miners oppose segwit (reddit.com)

Like most things in life, it all comes down to money. Put simply, segwit paves the way for lightning network, and lightning network takes money away from miners. It does that by creating a layer 2 network of payment channels that compete with the layer 1 transaction fees that miners rely on to pay for their equipment and electricity. With LN, anyone with a decent supply of Bitcoin can open payment channels and earn transaction fees that would have otherwise gone to the miners. Miners don’t…

Bitcoin

Reason behind including the nonce in the block header?

I’m wondering why the nonce is included in the block header, and thus in the prevBlockHash of the subsequent block, etc. What would break if you didn’t do that?

It seems to me that you would still be (a) able to validate the block, and (b) unable to mess around with the transactions in the block, because that would modify the hashMerkeRoot field, and thus render the block invalid.

Recent Questions – Bitcoin Stack Exchange