Talk:Bitcoin

Extended-confirmed-protected edit request on 5 November 2024

Change: "In the blockchain, bitcoins are linked to specific addresses that are hashes of a public key."

to: "In the blockchain, bitcoins are linked to specific addresses that are hashes of a public key or redeem script."

This is because in general, bitcoin addresses are not only hashes of a public key. Tannmauser (talk) 11:54, 5 November 2024 (UTC)

Hi, can you please provide a reliable source to back this change? a455bcd9 (Antoine) (talk) 14:15, 5 November 2024 (UTC)

https://learnmeabitcoin.com/technical/keys/address

https://river.com/learn/terms/r/redeem-script Tannmauser (talk) 09:38, 7 November 2024 (UTC)

These are not considered reliable sources per Wikipedia's standards unfortunately. Please provide an academic paper, a book, or an article from a mainstream media. a455bcd9 (Antoine) (talk) 10:13, 7 November 2024 (UTC)

Mastering Bitcoin (Chapter 7)

https://www.google.co.uk/books/edition/Mastering_Bitcoin/IXmrBQAAQBAJ?hl=en&gbpv=0 Tannmauser (talk) 10:49, 7 November 2024 (UTC)

Also:

S. Bistarelli, I. Mercanti and F. Santini, "An Analysis of Non-standard Bitcoin Transactions," 2018 Crypto Valley Conference on Blockchain Technology (CVCBT), Zug, Switzerland, 2018, pp. 93-96, doi: 10.1109/CVCBT.2018.00016.

https://ieeexplore.ieee.org/document/8525397 Tannmauser (talk) 10:43, 11 November 2024 (UTC)

Since the concept of a 'redeem script' is not explained in the article (or even mentioned), introducing it to this article based on such flimsy sources would make the article even more messy and confusing than it already is. Our goal is not to pile-on technical jargon, it is to provide context to readers. Grayfell (talk) 20:48, 22 November 2024 (UTC)

Are these considered reliable? @A455bcd9 Tannmauser (talk) 13:48, 29 November 2024 (UTC)

Hi @Tannmauser, yes these are reliable sources. But we should first define what a "redeem script" is. It might be too detailed for this general article. You might want to look at expanding Bitcoin protocol instead as that article delves more into technical details. a455bcd9 (Antoine) (talk) 17:05, 29 November 2024 (UTC)

As a more simple solution I would therefore suggest removing "that are hashes of a public key" - as this incorrect. Tannmauser (talk) 14:26, 6 December 2024 (UTC)

 Not done: please provide reliable sources that support the change you want to be made. Bowler the Carmine | talk 18:11, 5 November 2024 (UTC)

BLP noticeboard discussion

The following discussion is closed. Please do not modify it. Subsequent comments should be made on the appropriate discussion page. No further edits should be made to this discussion.

---

There is currently a discussion at Wikipedia:Biographies of living persons/Noticeboard#James Howells regarding James Howells missing Bitcoin (see coverage) on how and where to cover this topic. Thank you. CNC (talk) 10:36, 22 November 2024 (UTC)

I am not sure it is notable enough for its own article, but could maybe add one sentence to this article. Kinda also a bit of WP:TRIVIA, so not sure if DUE here either. Just a suggestion. Jtbobwaysf (talk) 15:19, 22 November 2024 (UTC)

The discussion above is closed. Please do not modify it. Subsequent comments should be made on the appropriate discussion page. No further edits should be made to this discussion.

first paragraph is bad

is is too technical, starting from the second sentence. it basically is completely unintelligible if you do not already know abut crypto Finnigami (talk) 05:37, 1 December 2024 (UTC)

The first paragraph cites a source (8) where the speaker said they struggled to understand bitcoin. How is that an authoritative source? 186.121.195.9 (talk) 00:59, 28 December 2024 (UTC)

"Unknown person"

Schoolboy error. Should read "Based on a free-market ideology, bitcoin was invented in 2008 by Satoshi Nakamoto, an unknown person or persons unknown." Covtom (talk) 13:43, 15 December 2024 (UTC)

Bitcoin Art

In 2021, a bust of Satoshi Nakamoto was unveiled in Budapest, Hungary.[1]

In 2018, Nelson Saiers displayed a 9-foot inflatable rat adorned with Bitcoin references and code outside the New York Federal Reserve.[2] 2600:4041:7973:7800:B837:7F4D:5644:4023 (talk) 19:50, 18 December 2024 (UTC)

Undo of addition of new info regarding El Salvador

@A455bcd9 -- your undo of the revision sates that the revision is irrelevant to use in payments. I disagree. The points mentioned are directly related to payments. (1) It will no longer be mandatory for merchants to accept BTC -- directly related to payments and the previous sentence stating it was previously mandatory; (2) no longer accepting tax payments in bitcoin -- this is also directly a use for payments; (3) discontinuing its involvement in the Chivo wallet -- again, the most important wallet in El Salvador and directly used for payments.

Could you please clarify your stance on the undo? ILoveFinance (talk) 17:03, 20 December 2024 (UTC)

WP:UNDUE. This is the article about bitcoin. Not Bitcoin in El Salvador (where you added the same paragraph and it's great: thanks for doing so). The 3 points are not minor and irrelevant here in the bitcoin articles. Taxes and Chivo were not mentioned before. So their disappearance has no reasons to be mentioned either. The legal requirement to accept BTC was mentioned but we said it was in practice not applied, so again: irrelevant. a455bcd9 (Antoine) (talk) 19:00, 20 December 2024 (UTC)

Fair enough on the other two, makes sense put like that, thanks. However, the legal requirement should still be added since it is officially being removed, even if as some small note...perhaps something like:

"...despite being legally required to (this requirement was removed in December 2024)." ILoveFinance (talk) 19:04, 20 December 2024 (UTC)

I removed "despite being legally required to". Better than the note because I don't know if El Salvador has already officially enacted the new law. So far I think it's just news announcement of the IMF deal. a455bcd9 (Antoine) (talk) 19:11, 20 December 2024 (UTC)

Makes sense! ILoveFinance (talk) 19:17, 20 December 2024 (UTC)

• I agree with the removal, sounds like PR from the IMF. I read the IMF announcement on the the IMF website yesterday and there seemed to be no actual commitments from El Salvador to implement this and it was worded in a hopeful manner. Given that El Salvador went on to buy a large amount of bitcoin just after the announcement said Reuters, we might also infer that this was telling a different story. There was also a fortune piece, but I dont have a paid account for this. As Antoine said, this is all too speculative and undue for the article at this time, but could be good for the Bitcoin in El Salvador article nor are we going to get off into speculation of actual use of bitcoin in relation to this. Jtbobwaysf (talk) 01:38, 21 December 2024 (UTC)

  You can use reader view to bypass, depending on your device. Not sure how I could share that article with you. However, El Salvadorian officials have commented on this. Around the purchasing/not there are mixed messages, but the shuttering of Chivo (not appropriate for this article) and the move to make acceptance optional are confirmed. ILoveFinance (talk) 03:55, 21 December 2024 (UTC)

  For clarity to my above comment, it will still be considered legal tender as far as any announcements have gone, just made optional for businesses (except for acceptance for taxes -- have not seen El Salvadorian officials confirm or deny this particular point yet). And as to the point of being made optional, A455bcd9 already modified the text accordingly! ILoveFinance (talk) 03:59, 21 December 2024 (UTC)

  @ILoveFinance What would be worth mentioning in the article is if we find new data about the actual use in the country: how many people own btc? How many businesses accept it? How many people use btc monthly? Etc. a455bcd9 (Antoine) (talk) 06:16, 21 December 2024 (UTC)

  I saw a more recent stat that an estimated 12% of the population owns some BTC. Need to find it again, will see if RS. Will post stats and RS here if I find them then we can figure out how to integrate (if makes sense). ILoveFinance (talk) 15:52, 21 December 2024 (UTC)