The #Bitcoin block size will eventually increase. Improvement in internet connectivity and hardware will result in increased efficiency for solving and validating blocks. As we know, technology is deflationary from a cost perspective.
Thus at that stage, increasing #Bitcoin block size won’t increase hardware costs & hinder decentralisation as was the concern in The Blocksize Wars.
Thoughts taken from @BitcoinPierre
A beautiful #BTC TimeChain block consists of 3 critical elements:
-A reference to the previous block, which validates the entire history of the blockchain
-Changes to the state of ownership of UTXO’s
-Coinbase transactions and fees paid out to miners for securing the network.
Some things are inherently human like play, social interaction & the exchange of value.These things will always be intertwined with our existence and when we have something interfering with those dynamics,we evolve and develop our own versions of play, socialising or trade.
Thoughts taken from #Bitcoin advocate @dickerson_des on the What is Money show.
If The Winners write the history books I wonder what happened to the many ‘Losers’ that aren’t mentioned in history.
Whats buried in the sands of time that we will never uncover.
The #Bitcoin TimeChain will assist us in writing an immutable history book for generations to follow
#BTC is amazing and one of the important innovations of our time.
It’s so amazing that sometimes I doubt myself. I struggle to do basic things but I understand #BTC more than 99% of the globe.Sometimes I think I’m missing something others see that causes them to write it off
SHA-256 stands for Secure Hash Algorithm 256-bit and it's used for cryptographic security. The #Bitcoin uses it to secure its network.
What are the uses of hashes?
-message/software integrity
-Digital Signatures
-password verification
-Data identifier
-proof of work
Let me know when they’re doing trial runs for installing computer chips in our brains so we can interact directly with The #Bitcoin TimeChain.
I will sign up for free Anon, true sovereignty & brain damage is worth the risk.
Dear Pleb
I love #bitcoin 🧡
I’m infatuated with Lightning⚡️
I’m interested in RGB & Taproot Assets.
I daydream about FEDI.
I stalk The #BTC social layer.
I flirt with the Liquid Network.
I’m obsessed with #Bitcoin . It’s a healthy problem to have.
Anon, learning how to operate a Lightning Network Node to open and route channels is a lucrative hustle and will become a sought after skill in a #Bitcoin economy🫡🧡⚡️
“Various protocols interacting with Bitcoin are forming novel means of payment. Whether or not these ultimately become separate mediums of exchange will be obvious at the systems maturity.” @ericyakes
Anon, #Bitcoin will be civilisations foundation for ALL economic activity.
Every Blockchain has a trilemma. To develop its base layer,it must prioritize security, decentralisation or scalability. It is not possible to choose all 3, but only 2 of the 3.
The #Bitcoin Blockchain base layer prioritised security and decentralisation.🧡⚡️🫡
“By attaching energy to a block, we give it ‘form’, allowing it to have real weight & consequences in the physical world.” - Hugo Nguyen on the importance of using energy for Proof of Work to secure The #Bitcoin network.
“Abundance in money creates scarcity everywhere else, and scarcity in money creates abundance.” @JeffBooth
Forever grateful to The Great Satoshi.Nakamoto for gifting our world, The #Bitcoin . With all due respect, the identity of the #Bitcoin creator(s) is irrelevant now. The protocol has become too decentralised & secure for any individual or grouping to capture it.🧡⚡️🫡
Humanity is fundamentally good but temperable. We make mistakes and systems that encourage and incentivise bad behaviour will make us bad.
#Bitcoin is a system that encourages & incentivises us to be good rather than punishes and scolds us for not being good.
Thoughts taken from @TomerStrolight on the recent episode of @_BitcoinMatrix
“I want to live in a world where the Big Mac gets bigger, juicier, tastier & healthier” @CedYoungelman
@McDonalds study #Bitcoin
“The #Bitcoin, an extraordinary object with a universal purpose”- @TomerStrolight
A CBDC does not solve the problems of FIAT, it only increases control for the issuer and disempowers the recipient.
Study #Bitcoin .
#Bitcoin is not only competing against Gold.
#Bitcoin is not only competing against Real Estate.
#Bitcoin is not only competing against Bonds or Stocks.
#Bitcoin is competing against ‘Value’ itself. 🧡