nostr:npub15k40jlf9hz4lhzs9kc2ag2jfqgdyaal86rdaq3y73ltjel7k7wdsy9c5fd 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:npub1p42awc87gswfq8feypx67ps7l4hx8r8p35m9cqznsqmmpkjd8ztqs96rwm #history and #herstory
🗒️💻📓 Ima geek out now 😂🧐🤓💉🪡
However: let’s discuss some things & me hopes me makes sense
😂🥳🌹🤣😆😜🥰🥲😁😉🙃📝🗒️🌰🕷️
Re: Bitcoin Bank nostr:npub1t8a7uumfmam38kal4xaakzyjccht4y5jxfs4cmlj0p768pxtwu8skh56yu
nostr:npub1x9dknsn22ghz6ehqxfnzj85c2p94ldv5aspctj4wd5mptse2rf8q0vknff nostr:npub1l04jhee8rg2pj65yymncaex8gacxhcjzgwftqdh4l2lygvcl2h3se4kdhn
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:npub1d0vc7jdudrqv0vmq2fcfayavx28n4eqj9gxmtwcxedxd7skfyj9qp03eqz 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:npub1ssng2vex25edwrwgg4a2uq5twurwndg9zzcn9ehhm2vr8ywed5qsqhrjpl 👀
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:npub1a4fxnx5yp9ftrn305545spsq36zdf5esdh7hvtpqvly04c6vl4tq7jlu6t nostr:npub1d6mhkqudnxe3fdjv84dtxf4a9kf7uj0wnya3dypmrlm4zra0cu2sjy8kgc
👀 hey nostr:npub1a4fxnx5yp9ftrn305545spsq36zdf5esdh7hvtpqvly04c6vl4tq7jlu6t 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:npub1grkj4m09q42xnp2u6v7yusvz6c9psxz0wgl529ed570pr56ue69sladskc Cypherpunks
Key nostr:npub1gu3keagsdg4kxw5a3v00raqymdjn7j7re5l8azx5q3mxwrmpk42qpwt2mj
@KEYCONCEPTUA WE LAUGH 😂
nostr:npub19yzpn22z6ezgfxatvgmuc56jyjczvtv507cuhw3aj3f2gejhyvjq5ly3ve nostr:npub1jfn4ghffz7uq7urllk6y4rle0yvz26800w4qfmn4dv0sr48rdz9qyzt047 👀
🔑 concepts
• linked timestamping
• public keys as identities © byzantine fault tolerance
• digital
cash
nostr:npub1h3x85hundlalmn466ytj50ck4adjlu56m3m90ka2twpwcfcut00qp9yutw nostr:npub188d5q0y9uyqmtn3ykd5u383u2e7asdhfjqlhp34a6ju7xpw33gwsypqy3l nostr:npub1slg04pw9fwrd5f4mk40mwmy2ddwxzr2h8mpelw2lqv8enp8rff0qkssyts nostr:npub14kxx3a9655dzxmg959y3lxr2ef9uqka7ayhsusf6nwv5y3azkarqk2m4ye
nostr:npub1fcewa4swdx0vw9schuj78uqrtw7x0sgpfszvwmhd62qpnl07lx3q75ssw9 … nostr:npub1j4pgkf4mmw5uy7w57dvydrgkaarpdwt0e5w95vjgkshn2av4hs8qz6z0qp 😂😂😂 nostr:npub14kxx3a9655dzxmg959y3lxr2ef9uqka7ayhsusf6nwv5y3azkarqk2m4ye nostr:npub1slvskfqhpk9wfn4vtet0g9dhwr50xnznm46332cp7stkgmyuw4rsnkjdn5 😂😂😂 nostr:npub1catstr23zq5hc4tjr4gzkptxq80s428pkwnvezj56a0d4x9qydrqj32jsu nostr:npub1pnzazsy4zq6qtukv9levn6d0kcdtmm0ssgn376eh7qwyzjpxz6mqldt886
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
