Tag: word

How to calculate the checksum word for mnemonic seed?

How to calculate the checksum word for mnemonic seed?

i try to understand the calculation of the checksum for the mnemonic seed https://github.com/bitcoin/bips/blob/master/bip-0039.mediawiki saying i have 12 words `day story total rude treat broom again tool photo size network panic` i know that panic is a checksum for the 11 words, while switching `network` & `panic` won’t be valid anymore (invalid: *day story total…

A quick word about bulk cross trades (and about the Mtgox trustee crashing the market)

A quick word about bulk cross trades (and about the Mtgox trustee crashing the market)

Some of you already know me from my previous [reddit post](https://np.reddit.com/r/Bitcoin/comments/7lu6ze/an_extensive_guide_for_cashing_out_bitcoin_and/). Today I am going to talk to you about an aspect of the crypto market that I discovered a few months ago and which continues to blow my mind on a daily basis. A market that only a few people really are familiar with,…