Help me learn more about Bitcoin TX
326 sats \ 7 comments \ @Sixjhxnxznsb 9 Oct 2023 bitcoin
GM & GN stackers, i'm trying to learn more about how transaction works on Bitcoin, LN & Liquid. Any help is appreciated :)
  • How to craft tx as small (size-matters) as possible ?
  • Does tx fee counted as another output ?
  • Is there any other mobile wallet that support Taproot address other than Blixt Wallet ? (Ordinals wallet does not count)
  • What are the advantage of using Taproot address compared to SegWit ? (and vice versa)
  • Is there any extensive explanation/discussion about PTLC ?
  • What could be the next BOLT 13 ?
  • Is confidential tx + TOR already private enough or should i do another privacy technique on Liquid ?
Thanks in advance :)
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121 sats \ 0 replies \ @elvismercury 9 Oct 2023
The best possible help would be to take @niftynei's Base58 class.
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65 sats \ 4 replies \ @DarthCoin 9 Oct 2023
How to craft tx as small (size-matters) as possible ?
I would say to try to use as much as you can batching txs, use 1-to-1 or 1-to-many, empty the UTXOs. This require a good UTXO management that you did previously. I recommend to always use the 3 levels stash (hodl, cache, spend).
Does tx fee counted as another output ?
Yes, but is not yours. It doesn't belong to your set of keys.
Is there any other mobile wallet that support Taproot address other than Blixt Wallet ?
Yes are quite some: Electrum, Zeus, Nunchuck, FullyNoded, Muun, Zap/BitBanana and many more. But I don't know why do you need that on a mobile. To open LN channels with taproot support?
What are the advantage of using Taproot address compared to SegWit ?
Consider Segwit as the precursor of Taproot. Are not two different type of addresses or protocol instructions, but complimentary. Taproot couldn't be implemented without segwit. Here is a good demonstration of Taproot https://blog.bitmex.com/taproot-demonstration/
Is there any extensive explanation/discussion about PTLC ?
Yes, here: https://bitcoinops.org/en/topics/ptlc/
What could be the next BOLT 13 ?
No idea, is too far to think about that. Let's focus into learning how to use what we already have and later see what could be improved.
Is confidential tx + TOR already private enough or should i do another privacy technique on Liquid ?
Did you read all my guides about using LN to "clean" your sats? I wrote plenty
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21 sats \ 3 replies \ @Sixjhxnxznsb OP 9 Oct 2023
I would say to try to use as much as you can batching txs, use 1-to-1 or 1-to-many, empty the UTXOs
Is there any mobile wallet that allows the spender to manually craft the output ?
Yes are quite some: Electrum, Zeus, Nunchuck, FullyNoded, Muun, Zap/BitBanana and many more. But I don't know why do you need that on a mobile. To open LN channels with taproot support?
  • It just feels cool to me to use the latest protocol upgrade
  • Schnorr aggregation signature is also beneficial when opening/closing channels ( saving fee & disguising amongst crowd)
  • I forgot to specify " wallet without full node ". I did some research and i feel like Blixt is the one that still actively being developed
  • Mobile UX is just simple, i can carry it anywhere
Thanks for those guides you recommended to me. I'm gonna digest those slowly later on. Thank you again Darthcoin !
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0 sats \ 2 replies \ @DarthCoin 9 Oct 2023
Is there any mobile wallet that allows the spender to manually craft the output ?
Yes, OBW/SBW, Bluewallet, Samourai, Nunchuck and any other that you could paste raw tx, where you previously could arrange it as you wish.
Thanks for those guides you recommended to me.
Are very good questions and I wish other "gurus" will jump in and say more about them. I tried to be more succinct in answering your questions, there's a lot of documentation out there, you need to read a lot.
I am strongly recommending you to read all the https://bitcoinops.org/ newsletters. Are very good and informative.
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0 sats \ 1 reply \ @Sixjhxnxznsb OP 9 Oct 2023
Damn, the rabbit hole goes deeper & deeper
I shall conduct further research on these wallets soon🫡
Thanks !
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0 sats \ 0 replies \ @DarthCoin 9 Oct 2023
I wrote several guides about practical use cases how to use Bitcoin/LN Here is one that will give you more insight https://darthcoin.substack.com/p/lightning-wallets-comparison
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0 sats \ 0 replies \ @fred 9 Oct 2023
Great topics I wouldn't also mind to get mote knowledge on
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