Global Bitcoin Wallet

The Global Bitcoin Wallet is art art art art art art art art art art art able. Everyone can spend Bitcoin sent to this wallet.

How to spend/take the Bitcoin?

1. Make sure you have a created Bitcoin wallet of your own. Create a receiving Bitcoin address. Start at https://bitcoin.org/en/getting-started
2. Import the Global Bitcoin Wallet by recovering the 12-word seed phrase: art art art art art art art art art art art able.
3. When Bitcoin arrives at the Global Bitcoin Wallet, send it your own receiving address you prepared in step 1.

• Tip: you are competing with thousands of humans and bots to take this Bitcoin.
• Tip: use a Bitcoin wallet that supports 0-confirmation transactions i.e. it lets you spend Bitcoin you receive immediately.
• Tip: also use a Bitcoin wallet that supports Segwit addresses so you can spend Bitcoin sent to the SegWit part of the wallet.
• Tip: you can maintain as many wallets as you want.
• Tip: write a bot to spend the Bitcoin, that would be faster than manually using a Bitcoin wallet.
• Tip: when sending Bitcoin, choose as high a fee as possible, to beat others trying to send the same Bitcoin.

How to send Bitcoin into the Global Bitcoin Wallet?

• Import the wallet and create a receiving address.
• Or type the seed into https://iancoleman.github.io/bip39/ and look in the Derived Addresses section under the Address column. The first address is 145SdiDuFJvW1HX61TNx45Qx6bhJAo2BQe. Click on the BIP49 tab to get SegWit addresses. The first SegWit address is 3Aqj88oSKhQPafvWz1eU7K4CeWmVFoRmXD.

Can anyone cheat?

The operators of the Bitcoin mining pools could claim the bounties for themselves without anyone knowing. But as long as people keep trying to take the bounties (we can measure this), this project achieves its educational purpose.

How to view the action?

• Just import the seed into your wallet and watch.
• Without a wallet, you can see the non-SegWit transactions at: https://blockchain.info/xpub/xpub6DPnB7gikt1YHpJZSmREWbP4UdRQNgT4FKXaYXVheG28WYkzU72XRKbpUR7q19zuT3tuoogFnmfcbj2WQrwZSydF1tWwdegvQAkaESxsnMg
• Without a wallet, you can see the SegWit transactions at: [need to find a blockchain explorer that supports this]

Why?

Why not?

This is a learning exercise in:

• Bitcoin
• Bitcoin Hierarchical Deterministic wallets, BIP39 seeds and BIP44 & BIP49 derivation paths
• Bitcoin transactions
• Spending unconfirmed Bitcoin transaction outputs
• Bitcoin fees
• RBF (Replace By Fee)
• CPFP (Child Pays For Parent)
• Scripting
• Bitcoin scripting

To randomly donate Bitcoin to people who went into the trouble to educate themselves; not just random people off the street.

For the planet to share a wallet :)

Will these transactions break Bitcoin?

I hope not. If they do there was something wrong with the protocol in the first place!