cardano-wallet VS bips

It's definitely possible to pass this cost on to the buyer, I would personally start by getting the cardano-wallet stack running. If you're familiar with docker/docker-compose this is quite easy: https://github.com/input-output-hk/cardano-wallet/blob/master/docker-compose.yml

pkgname=cardano-wallet _version=2021-09-09 pkgver=20210909 pkgrel=1 pkgdesc='HTTP server & command-line for managing UTxOs and HD wallets in Cardano.' license=('Apache') arch=('any') url='https://github.com/input-output-hk/cardano-wallet' makedepends=('cabal-install-bin' 'ghc') source=("https://github.com/input-output-hk/${pkgname}/archive/v${_version}.zip") sha256sums=('868247f4a628d0d53ebfcd11bb0969ac2f22aa5579349484b1f3907497d11200')

It's not so bad. I wrote an IRC tipping bot for Cardano, was thinking it's gonna be extremely complicated, because I don't know any haskell, but it was actually pretty easy. Low level tools like cardano-cli and cardano-wallet allows you to build pretty much anything around them and all you need is to parse JSON and process HTTP requests, but it has its catches - for e-commerce I think biggest issue right now is inability to generate "unlimited" amount of receiving addresses via cardano-wallet - https://github.com/input-output-hk/cardano-wallet/issues/2921 it could be worked out by using transaction metadata, but then that's something that most wallets doesn't support right now.

I've looked at cardano-wallet but I think it's for only making transactions that are made on your server?(sorry if this isn't correct). Is there a service where they can take the address of one wallet and send to another wallet that wasn't made on your server? Or is that what the new smart contract roll outs are for? Thanks

Bitcoin (BTC) - https://github.com/bitcoin/bitcoin/pulse/monthly Ethereum (ETH) - https://github.com/ethereum/go-ethereum/pulse/monthly Stellar (XLM) - https://github.com/stellar/stellar-core/pulse Cardano NODE (ADA) https://github.com/input-output-hk/cardano-node/pulse/monthly Cardano WALLET https://github.com/input-output-hk/cardano-wallet/pulse/monthly DogeCoin (DOGE) https://github.com/dogecoin/dogecoin/pulse/monthly XRP (XRP) https://github.com/ripple/rippled/pulse/monthly Litecoin (LTC) https://github.com/litecoin-project/litecoin/pulse/monthly Chainlink (LINK) https://github.com/smartcontractkit/chainlink/pulse/monthly Solana (SOL) - https://github.com/solana-labs/solana/pulse/monthly

You can have a look at their compose setup for inspiration: https://github.com/input-output-hk/cardano-wallet/blob/master/docker-compose.yml

Context: Bitcoin miners have just adopted a 50% pay cut for themselves. This pay cut was baked into Bitcoin protocol at the launch of the network (mostly, see "BIP 42" [1]). The OP link gives information about the block in which this pay cut was made.

I get that HN comments tend to dismiss Bitcoin. But the fact that for the fourth time this pay cut has happened without a hitch speaks volumes to what makes Bitcoin interesting: It's a rare combination of economic incentives and technology that keeps chugging. Nobody can stop it. And it's extremely resistant to change. It requires no governmental approval. All attempts at subversion or interference have failed. There aren't many things that come close to that kind of record.

[1] https://github.com/bitcoin/bips/blob/master/bip-0042.mediawi...

Bitcoin transactions involve locking funds in scripts, which can only be spent if those locking conditions are met. The part of the script that expresses these locking conditions are called ScriptPubKeys. On the other hand, the part that provides unlocking scripts to satisfy the locking conditions is referred to as ScriptSig for legacy transactions, and ScriptWitness for SegWit Transactions. These scripts are evaluated by a stack-based language called Script. This article will mainly focus on ScriptPubKeys.

Here’s the reference https://github.com/bitcoin/bips/blob/master/bip-0039.mediawiki

There are 5 271 537 971 301 488 476 000 309 317 528 177 868 800 possible permutations of the bip39 wordlist found here: https://github.com/bitcoin/bips/blob/master/bip-0039/english.txt when using 12 word seeds. You probably have better change to win the lottery every week for the rest of your life than cracking a 12 word seed in correct order

No one controls Bitcoin, because it's a protocol. Bitcoin Core is the reference implementation, but there are others, and anyone can create new implementations if they wish. Also, the Bitcoin Core maintainers can't just change something on a whim, because users would then switch to another fork. Maintainers (or miners or other groups) can't force their changes on users, because everyone can decide on their own which version they want to use.

The protocol development happens through BIPs (Bitcoin improvement proposals): https://github.com/bitcoin/bips

BIPs are discussed for years, before (and if) they are implemented, and basically everyone needs to agree on them, because no one wants to fork the blockchain, which could be devastating.

All the seeds generated from the CoolWallet (Number / Word) adhere to the BIP-39 protocol.

> users would be required to hand over control of their wallet to actually manage the massive proliferation of addresses needed

BIP32 solved this in 2012, and is used by basically all self-custodial wallets these days. https://github.com/bitcoin/bips/blob/master/bip-0032.mediawi...