Hi Cole, thanks for yet another helpful video! I forgot to create a label for some sats I sent to my wallet. I thought I recall hearing that you can add the label afterwards, but haven't been able to find instructions on how to do that? If Sparrow actually allows for that, can you advise how to add the label to a completed transaction. Much appreciated!
@SouthernBitcoiner I have a ledger nano s, it is no longer supported or updated, is it still advisable to use it? Will it increase security for signing transactions?
Privacy option will use multiple inputs to make your transaction appear more like a CoinJoin, but this will cost a lot in fees. Efficiency is optimised to pay as little fees as possible
@@SouthernBitcoiner What are the conditions under I can see "Privacy" since most of the time it's efficiency only. I.e. some amount of UTXOs (>3?) required or so
You are giving the knowledge that is most needed. You have been chosen.
Your actions are a act of kindness. Thank you.
Excellent video, thank you!
Excellent demo. Keep up the great work!
Hi Cole, thanks for yet another helpful video! I forgot to create a label for some sats I sent to my wallet. I thought I recall hearing that you can add the label afterwards, but haven't been able to find instructions on how to do that? If Sparrow actually allows for that, can you advise how to add the label to a completed transaction. Much appreciated!
Yes, you can! Go to the UTXO tab, locate the UTXO, double click the “label” field for that UTXO, and type in your label
@@SouthernBitcoiner Great, thanks!!
Great video! Have you checked liquidity of Bisq in Africa?
Hi mate you mention a video on Start 9 nodes you’ve made. Which one is that?
Ah sorry that isn’t uploaded yet, it should be up in a few days
@@SouthernBitcoiner too easy will wait patiently! Super keen and thanks for your content!
Great video, Keep it up!
Thanks, will do!
One question, is Sparrow less secure because it is always online? It seems like electrum + tails is safer
If you store your seed phrase in sparrow wallet - it is less secure.
But you can use sparrow with a hardware wallet
@SouthernBitcoiner I have a ledger nano s, it is no longer supported or updated, is it still advisable to use it? Will it increase security for signing transactions?
So what happens if send and receive using the respective same address? Since you labeled the receive and send address. Can use back the same address?
Yes, you can reuse the same address. But it is always recommended to create a new one each time you receive.
Privacy vs Efficiency?
Privacy option will use multiple inputs to make your transaction appear more like a CoinJoin, but this will cost a lot in fees.
Efficiency is optimised to pay as little fees as possible
@@SouthernBitcoiner What are the conditions under I can see "Privacy" since most of the time it's efficiency only. I.e. some amount of UTXOs (>3?) required or so