
Jumble is cool, definitely worth a look. π π» πͺ π
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EditJumble is cool, definitely worth a look. π π» πͺ π
I could envision him saying "It's magic Internet money!" π
I was wondering what the creature from Jekyll Island looked like. π
The best scam in town.
Race is Bitcoiner π
Are you going to beat watching the charts today??? π π
I'm a boosting fool!!!
Requirements suck, what is this YouTube?
I'm not even sure why I have an X account anymore, I should just delete it.
ETH is shitcoin, although it has established itself in the domain of smart contracts - it's useless to me.
Love it!!! π
#bitcoin #nostr note of the day ... Bitcoin is a system built entirely on cumbersome and expensive verification so it can eliminate the need for any trust or accountability between all parties: it is 100% verification and 0% trust. - The Bitcoin Standard G'daystr! π
#bitcoin #nostr note of the day ... Any change to Bitcoin's protocol that increases the size of the blockchain is highly unlikely to pass, not just for the reasons of immutability ... also because it would likely prevent most node operators from managing to run their own nodes, and because they are the ones who decide which software runs, it is safe to assume a significant intransigent minority of node operators will continue to run the current software, holding their current bitcoins, making any attempt to upgrade the Bitcoin software effectively just another worthless altcoin ... - The Bitcoin Standard G'daystr! π
#bitcoin #nostr note of the day ... The Bitcoin blockchain has placed a 1-megabyte limit on the size of each block, which has limited the pace at which the blockchain can grow. That limit allows simple computers to be able to maintain and run a node. Should the size of each block increase, or should the blockchain be used for more sophisticated processes such as those touted by blockchain enthusiasts, it would become too large to be run on individual computers. Centralizing the network over a few large nodes owned and operated by large institutions only defeats the entire point of decentralization. Trustless digital cash has so far been the only successful implementation for blockchain technology precisely because it is a clean and simple technological process to operate, leading to its ledger growing relatively slow over time. - The Bitcoin Standard G'daystr! π
#bitcoin #nostr note of the day ... ETH = π©coin The Decentralized Autonomous Organization (DAO) was the first implementation of smart contracts on the Ethereum network. After more than $150 million was invested in this smart contract, an attacker was able to execute the code in a way that diverted around one-third of all the DAO's assets to his own account. ... In the aftermath of the DAO hack, Ethereum developers created a new version of Ethereum where this inconvenient mistake never occurred, confiscating the attacker's funds and distributing them to his victims. This re-injection of subjective human management is at odds with the objective of making code into law, and questions the entire rationale of smart contracts. If the second largest network in terms of processing power can have its blockchain record altered when the transactions do not go in a way that suits the interests of the development team, then the notion that any of the altcoins is truly regulated by processing power is not tenable. The concentration of currency holding, processing power, and programming skills in the hands of one group of people who are effectively partners in a venture defeats the entire purpose of employing a blockchain structure. - The Bitcoin Standard G'daystr! π
#bitcoin #nostr note of the day ... Bitcoin's mechanism for establishing the authenticity and validity of the ledger is extremely complex and complicated, but it serves an explicit purpose: issuing a currency and moving value online without the need for a trusted third party. "Blockchain technology," ... is not an efficient or cheap or fast way of transacting online. It is actually immensely inefficient and slow compared to centralized solutions. The only advantage that it offers is eliminating the need to trust in third-party intermediation. - The Bitcoin Standard G'daystr! π
Don't talk about Switzerland like that! π
What are your thoughts on the Espresso Martini? My wife is a fan, but they are hit and miss everywhere you go.
#bitcoin #nostr note of the day ... Bitcoin ... takes an entirely different approach to computer security ... and operates under the working assumption that all computer nodes are hostile attackers. ... If everyone is assumed dishonest, everyone must pay a large cost to commit transactions to the common record, and everyone will lose these costs if their fraud is detected. The economic incentives make dishonesty extremely expensive and highly unlikely to succeed. - The Bitcoin Standard G'daystr! π
Iβm an ethical hacker and cryptocurrency enthusiast from the United States of America