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#WeeklyWisdomBits Diving into the essence of career growth:
"You have to learn how to build something, get it to a point that's satisfactory enough to you and be okay handing it off to someone else so they can run with it. That's essentially been how I've operated in my career, not because I had this like grand vision in my mind of this is how I get to like the thing I want to get to, but because I was just hungry to learn. I just gained this reputation of, 'Oh, like if something's broken or something needs fixing or something needs figuring out, here's a flexible person that we can throw at it.'”
- Prachi Gupta
If you want to hear more, check out the podcast episode: https://sfelc.com/podcasts/growth-through-transitions-prachi-gupta-discord-chris-chiu-figma
"If you're asking, 'How can I get ahead?', I'm here to tell you also that you gotta flip that. That's exactly the wrong question to ask because the more you ask questions like this, the more people will perceive you as self-serving. There is no quicker way to lose somebody's trust than for them to believe you are acting in your best interests and not in theirs, not in your company's, not in your customer's. Focusing on your customer, focusing on your manager's needs, on your company's needs, on your team needs is a much more effective way to move forward.” 🤔
- Oksana Kubushyna
https://sfelc.com/podcasts/turn-your-career-into-a-rocket-oksana-kubushyna
Everyone is talking about Bitcoin halving. In my thread you can explore for yourself in the source code how it works. Please give feedback if you want me to explain something more detailed. Have fun! #Bitcoin #21million #DontTrustVerify #halving
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Everyone is talking about Bitcoin halving. In my thread you can explore for yourself in the source code how it works. Please give feedback if you want me to explain something more detailed. Have fun! #Bitcoin #21million #DontTrustVerify #halving
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Let's explore #Bitcoin's UTXO (Unspent Transaction Output) model and how it differs from the traditional account-based model. We'll dive into some code examples to help you better understand the concept. 💡🔗 #UTXO #Bitcoin #DontTrustVerify
In the UTXO model, transactions consume 'unspent outputs' from previous transactions as inputs, and create new outputs. This is different from account-based models where balances are updated with each transaction.
Example: Alice sends 1 BTC to Bob and has a 2 BTC UTXO.
Transaction: Input: Alice's 2 BTC UTXO
Outputs: 1 BTC to Bob, 1 BTC change back to Alice
The input UTXO is now 'spent' and can't be used again.
For better understanding here is a python code example:
This code snippet completes the transaction, assigning the outputs to Bob and Alice as new UTXOs.
This concept provides more privacy and better scalability. By tracking unspent expenses instead of account balances, the Bitcoin network can verify transactions without needing to know the entire transaction history. #Privacy #Scalability
In my next thread, we'll take a closer look at the implementation details of UTXO set management, validation, and transaction generation in the source code. #UTXO #Bitcoin #DontTrustVerify
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Exciting news for developers! 🚀 OpenAI opens a limited alpha to develop OpenAI plugins that connect ChatGPT with third-party applications. These plugins will allow ChatGPT to interact with your API's. The potential is huge! Learn how to build a plugin that allows ChatGPT to intelligently call your API: https://platform.openai.com/docs/plugins/introduction?s=09🔌🌐 #OpenAI #ChatGPT #DeveloperFun
Let's dive into the 21 million cap of #Bitcoin ! This crucial aspect of Bitcoin's scarcity is enforced by the code itself, specifically through the block reward halving mechanism. Let's have a loo on code level.
The block reward started at 50 BTC per block and halves every 210000 blocks. This halving process continues until the reward becomes negligible, ultimately reaching the 21 million cap. This is defined by the following line of code:
To calculate the block reward at a given block height, the code uses this function:
This function calculates the number of halvings by dividing the current block nHeight by the halving interval (210,000). It then initializes the nSubsidy as 50 BTC and reduces it by half for each halving that has occurred. When halvings reach 64, the reward becomes zero.
The sum of this geometric series (50 + 25 + 12.5 + ...) converges to 100, which, when multiplied by the 210,000 block interval, results in the 21 million cap:
(50 + 25 + 12.5 + ...) * 210,000 ≈ 21,000,000 BTC
By enforcing the 21 million cap through code, #Bitcoin ensures its scarcity, creating a predictable supply that mimics the characteristics of precious metals like gold. This makes it a desirable asset and a hedge against inflation.
#Bitcoin #21million #DontTrustVerify
Manager food for thought: 'What you can't measure doesn't exist.' 🤔 While data-driven approaches are essential, let's remember that intangible factors like creativity, empathy, and teamwork also play a crucial role in our success. #ThoughtOfTheDay #Leadership
EU tackles greenwashing with common criteria for eco-claims 🌍🍃 This initiative will provide clarity to consumers and support truly sustainable businesses.
I think this paper brings the topic of #bitcoin mining energy usage back to the table. Although over 50% of mining is already done with clean energy, it is important to expand this further. Let's work together for a sustainable future! 💡🌱
https://ec.europa.eu/commission/presscorner/detail/en/ip_23_1692
Don't trust, verify! 🔎 One of the core principles in the Bitcoin community is to validate transactions and information independently. By running a full node or verifying code, you're taking charge of your financial sovereignty and contributing to a decentralized and secure network. Be an active part of the ecosystem! 💪