nostr:nprofile1qqs2t2he05jm32lm3gzmv9w59fysyxjw7lnapk7sgj0gl4evllt08xcpr4mhxue69uhkummnw3ez6ur4vgh8wetvd3hhyer9wghxuet5qyt8wumn8ghj7un9d3shjtnswf5k6ctv9ehx2aq4uqwfh was a runner 🏃♀️ like me
He would hopefully 🤞 be happy to know he did so much for the #world 🌍 #peace
if I at you with look 👀 please read that part as it may or not make sense. With respect 🫡
Do people need to experience something to believe in it? Not always true in my loved 🥰 lifetime.
Ima reply below 🔻 to remember some nostr:nprofile1qqsq64whvrlyg8ysr5ujqnd0qc006mnr3nsc6djuqpfcqdasmfxn39spz9mhxue69uhkummnw3ezuamfdejj7qgnwaehxw309ahkvenrdpskjm3wwp6kytcfp0clf #history and #herstory
🗒️💻📓 Ima geek out now 😂🧐🤓💉🪡
However: let’s discuss some things & me hopes me makes sense
😂🥳🌹🤣😆😜🥰🥲😁😉🙃📝🗒️🌰🕷️
Re: Bitcoin Bank nostr:nprofile1qqs9n7lwwd5a7acnmwl6nw7mpzfvvt46j2fryc2udle8sldrsn9hwrcpr4mhxue69uhkummnw3ezumt4w35ku7thv9kxcet59e3k7mf0qyvhwumn8ghj7un9d3shjtnwdaehgunpw35jucm0d5hs98nd6y
nostr:nprofile1qqsrzkmfcf49yt3dvmsrye3fr6v9qj6lkk2wcqu9e2hx6ds4cv4p5nspp4mhxue69uhkummn9ekx7mqpz3mhxue69uhhyetvv9ujuerpd46hxtnfdusvmgxh nostr:nprofile1qqs0h6etuun359qed2zzdeuwunr5wurtufpy8y4sxm6l40jyxv04tccprpmhxue69uhhyetvv9ujucm4wfex2mn59en8j6f0qythwumn8ghj7unnwdkxz7fwdehhxarj9ehx2ap05wy465
FOR FFS 🙈 #Bitcoin 👀🫣🫡
December 30, 2010, 01:38:40 AM
Merited Dy CAPSLOCk (10u, Dakude (SU, Millppone e/, minarust 10), Ditmover , lvecoins, vapou
ler (6), TheNewAnon135246 (5), LoyceV (3), darosior
2), DIC
#1
Actually there is a very good reason for Bitcoin-backed banks to exist, issuing
nostr:nprofile1qqsxhkv0fx7x3sx8kds9yuy7jwkr9re6usfz5rd4hvrvknxlgtyjfzspr9mhxue69uhkvctwveshyetn9ehx7um5wgcjucm0d5q3vamnwvaz7tmjv4kxz7fwwpexjmtpdshxuet59f0pd9 banks 😂
their own digital cash currency, redeemable for bitcoins. Bitcoin itsel cannot scale to have everv sinale financial transaction in the word be broadcast to evervone and ncluded n the block chain. There needs to be f secondary level of payment systems which is lighter weight and more efficient. Likewise, the time needed for Bitcoin transactions to finalize will be impractical for medium to large value purchases.
Bitcoin backed banks will solve these problems. They can work like banks did before nationalization of currency.
Different banks can have different policies, some more aggressive, some more conservative. Some would be fractional reserve while others may be 100% Bitcoin backed. Interest rates may vary. Cash from some banks may trade at a discount to that from others.
📝 nostr:nprofile1qqsggf59xvn92vkhphyy274wq29hwphfk5z3pvfjumma4xpnj8vk6qgpz4mhxue69uhk2er9dchxummnw3ezumrpdejqzrthwden5te0dehhxtnvdakq4kl7tx 👀
George Selgin has worked out the theory of competitive free banking in detail, and he argues that such a system would be stable, inflation resistant anc self-regulating.
I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital
casn. Most bitcoln transactions will occur Derween banks, to secue neu transters. Bitcoin transactions by private individuals will be as rare as... well, a Bitcoin based purchases are today.
Hal Finney
‼️🚨⏰ : Left typos in as proof that #AI makes mistakes even in copying. So I ask you … HOW is #humanity supposed to #trust #AI ? Let that simmer …
😜😆🫒✨😇😍👀✍️🐸🤖😀😅😎💭🤙 nostr:nprofile1qqsw65nfn2zqj543ech6226gqcqgapx56vcxmltk9ssx0j86udx064spp4mhxue69uhkummn9ekx7mqprpmhxue69uhhyetvv9ujuumwdae8gtnnda3kjctvaag9sa nostr:nprofile1qqsxadmmqwxenvc5kexr6k4ny67jmylwf8hfjwckjqa3la63p7huw9gprdmhxue69uhkummnw3ezu6r4wdax7mn9vaujuam0wfkxgqg5waehxw309aex2mrp0yhxuumwd9czu6t0ja0uu9
👀 hey nostr:nprofile1qqsw65nfn2zqj543ech6226gqcqgapx56vcxmltk9ssx0j86udx064spp4mhxue69uhkummn9ekx7mqprpmhxue69uhhyetvv9ujuumwdae8gtnnda3kjctvaag9sa can you do me
A solid and search by #SHAKA & tag everyone in . Please 🙏 thanks. If not, NBD. I’m just trying to get as much done before one October. Thanks. 🙏
nostr:npub1rwh33t5x8n7czknhts5fg0v0fml8mkl7neaarksumkkf8d679qrqcz7avv Bitcoin and the rise of nostr:nprofile1qqsypmf2ahjs24rfs4wdx0zwgxpdvzscrp8hy069zuk608s36dwvazcpz3mhxue69uhhxmrfvd4jumt2v4uzumt99uq3samnwvaz7tmwdaehgu3ww3hhqet5dqhxjmnxduhsfm5gck Cypherpunks
Key nostr:nprofile1qqsywgmv75gx52mr82wck8h37szdkeflf0pu60n73r2qgan8pasm24qpp4mhxue69uhkummn9ekx7mqpz4mhxue69uhk2er9dchxummnw3ezumrpdejqzl028v
@KEYCONCEPTUA WE LAUGH 😂
nostr:nprofile1qqszjpqe49pdv3yynw4kyd7v2dfzfvpx9k28lvwthg7eg54yvetjxfqpzamhxue69uhkummnw3ezucmf0fkkzu3wdejhgtcpr9mhxue69uhkummnw3ezueredehhqmm0dshxxmmd9uesarne nostr:nprofile1qqsfye65t5530wq0wpllmdz23luhjxp9drhhh2syae6kk8cp6n3k3zsppemhxue69uhkummn9ekx7mp0qyghwumn8ghj7mn0wd68ytnhd9hx2tcz3hnfk 👀
🔑 concepts
• linked timestamping
• public keys as identities © byzantine fault tolerance
• digital
cash
nostr:nprofile1qqstcnr6t7fkl7lae6adz9e28ut27ke072ddcajhmw49hqhvyuw9hhspzemhxue69uhhyetvv9ujuurjd9kkzmpwdejhgqgkwaehxw309aex2mrp0yh8xvmc9eek7cmfv9kqk0y78l nostr:nprofile1qqsrnk6q8jz7zqd4ecjtx6wgnc79vlwcxm5eq0msc67afw0rqhgc58gpzamhxue69uhhyetvv9ujum3sx5mhytnrd36kytcpr9mhxue69uhhyetvv9ujuumwdae8gtnnda3kjctv9u59k6tg nostr:nprofile1qqsg0586shz5hpk6y6am2hahdj9xkhrpp4tnasulh90sxruesn355hsprfmhxue69uhkummnw3ezucm0d9hxvatwv35hgtnrdakszxthwden5te0wfjkccte9eeks6t5vehhycm99ehkueg8yzn09 nostr:nprofile1qqs2mrrg7ja22x3rd5z6zjglnp4v5j7qtwlwjtcwgyafhx2zg73tw3spz9mhxue69uhhytntda4xjunp9e5k7qg4waehxw309ajkgetw9ehx7um5wghxcctwvsuvhvsq
nostr:nprofile1qqsyuvhw6c8xn8k8zcvt7f0r7qp4h0r8cyq5cpx8dmka9qqelhl0ngspz3mhxue69uhhyetvv9ujuerpd46hxtnfduq3vamnwvaz7tmjv4kxz7fwdehhxarj9e3xzmnyx47fpd … nostr:nprofile1qqsf2s5ty6aah2wz0820xkzx35tw73skh9hu68z6xfytgte4wk2mcrspz4mhxue69uhhyetvv9ujumt0wd68ytnsw43qfw4chs 😂😂😂 nostr:nprofile1qqs2mrrg7ja22x3rd5z6zjglnp4v5j7qtwlwjtcwgyafhx2zg73tw3spz9mhxue69uhhytntda4xjunp9e5k7qg4waehxw309ajkgetw9ehx7um5wghxcctwvsuvhvsq nostr:nprofile1qqsg0kgtystsmzhye6k9u4h5zkmhp68nf3fa6agc4vqlg9mydjw823cpz4mhxue69uhhyetvv9ujumt0wd68ytnsw43qdf9z7r 😂😂😂 nostr:nprofile1qqsvw4c934g3q2tu24ep65ptq4nqrhc24rsm8fkv3f2dwhk6nzszx3spzemhxue69uhhyetvv9ujumn0wd68ytnzv9hxgqgjwaehxw309ac82unsd3jhqct89ejhxm9v9vp nostr:nprofile1qqsqe3w3gz23qdq97txzlukfaxhmvx4aahcgyfcldvmlq8zpfqnpddspz4mhxue69uhk2er9dchxummnw3ezumrpdejqzrrhwden5te0vfexytnfdu83y6fa
So much right …
@ proof of work
© smart contracts
• peer to peer networks
digital cash
• byzantine fault tolerance
•public keys as identities linked timestamping
• cryptography
Satoshi Nakamoto, Bitcoin Launched Jan 3, 2009)
• Satoshi Nakamoto, Bitcoin: A Peer-to-peer Electronic Cash System (Oct 31, 2008)
• Lehman Bankruptcy (2008)
Julian Assange, WikiLeaks in (2006)
Hal Finney, Heusab,
e Proot-of-work (22704)
• Syverson, Dingledine & Mathewson, Tor project (2002)
• Adam Back, Hashcash -a denial of service counter-measure (2002)
peer to peer networks
© Brahm Cohen, Bittorrent (2001)
@ Massias, Avila, & Quisquater. Timestamping service with minimal trust (1999)
• Wei Dal, b-money (1998)
Nick Szabo, Bit Gold (1998)
• Nick Szabo, Timestamped database (1997)
smart contracts
Nick Szabo, Smart Contracts (1997)
Adam Back, Hashcash POW (1997)
•E-gold (1996-2008)
• NSA. How to Make a Mint (1996)
CyberCash (1994-2001)
• Eric Hughes, A Cypherpunk's Manifesto (1993)
© Bayet, Haber & Stometta, improving the efficiency and reliability of digital time-stamping (1993)
• Cypherpunks founded by Hughes, May, & Gilmore (1992)
proof of work -
Dwork & Naor, Pricing via Processing or Combating Junk Mail (1992)
• Haber & Storetta, How to time-stamp a digital document (1991)
Phil Zimmerman, Pretty Good Privacy (1991)
Chaum, Fiat & Naor, Untraceable electronic cash (1990)
• David Chaum, Digicash; eCash (1989-1998)
•Timothy May, The Crypto-Anarchist's Manifesto (1988)
Elliptic Curve Cryptography (1985)
David Chaum, Blind Signatures for Untraceable Payments (1983)
Lamport, Shostak & Pease, The Byzantine Generals Probiem (1982)
David Chaum, Untraceable Electronic Mail (1981)
Raiph Merkle) Protocols for public key cryptosystems (1980)
RSA Public-key Cryptosystems (1978)
Diffie & Hellman, New directions of Cryptagraphy (1976)
• Cerf & Kahn, TCP/IP (1974)
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BITCOIN HK
2025
cliffc2
