Here are some pics I took of people at Bitcoin Atlantis.
For some reason not all got uploaded.
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Did you know the pre-released 2008 version of #Bitcoin had 15-minute block time?
Also, the difficulty adjusted every 30 days.
Satoshi changed to 10-minute block times & 14 days difficulty adjustment in the version he released on 9 Jan 2009 and that's used today.
Wooord.
Did you know 1 #Bitcoin initially was NOT 100,000,000 sats?
Before releasing the Bitcoin Client on 9 January 2009, Satoshi shared with some people an earlier 2008 version.
In this version, among other things 1 Bitcoin = 1,000,000
(ofc he did not call them Satoshis :p)
0.03223686 ~ $1,300 UP FOR GRABS!
In this address bc1q7l0h956r8sqfzjw3278s35p43z0zzmqnfnmfr4 , there is 0.03223686 ~ $1,300 and they are up for grabs.
Why?
Well because this is a game organized by Wasabi Wallet called #HuntingSats, the scope is to challenge people to learn how to use Bitcoin wallets and be rewarded for their work.
More info: https://www.huntingsats.com/anniversary
Each of the companies in the picture was given 1 of the 12-word BIP39 seed phrase that unlocks the wallet.
They will release the word on their Twitter(I know it sucks and all, but hey do you want the sats or not?) at any time between (today)23 January and 26 January
You should follow them and the #HuntingSats hashtag to get the word before anyone else.
https://twitter.com/wasabiwallet
https://twitter.com/Wizardsardine
https://twitter.com/cryptosteel
https://twitter.com/BullBitcoin_
https://twitter.com/Blockstream
https://twitter.com/SatsDontExist
https://twitter.com/Paralelni_polis
Each of the companies will release their word whenever they want and no coordination was done between the companies, which means YOU have to figure out the correct order of the 12 words.
There are 479,001,600ish ways in wich you can order the 12 words, and only 1 unlocks the Bitcoins.
Satoshis Don't Exist(the movie I'm directing) is one of the partners and this is the word we were given.
I'd wish you good luck, but luck has absolutely nothing to do with it!
(and yes, I did take all the pictures :p)
Did you know there were 147 empty #Bitcoin blocks mined in 2023?
11% of all Bitcoin blocks don't have any TX inside them.
And there are 2 Mining pools, never mined any empty blocks!
Why do miners mine empty blocks?
Miners have 1 job, ordering TXs in Blocks.
They hash all the data inside the block until the hash of the block starts with a certain number of zeros.
As the block data does not change, there is this field(nonce), where they iterate until the right block is found.
So the only condition for miners to get paid, is they find the right hash.
(if block is valid :p)
But if they include TXs in this block, they will pocket the fees from them on top of the block reward.
So why would any (rational) miner ever refuse to include TXs?
A pool constructs a block and partitions the amount of work/searching each individual miner does.
This way, smaller miners can be profitable.
But the pool sends the block + the hash of the previous block at the same time.
(as it builds on top of it)
Right after a block is found, the miner will send the nonce to the pool, and now he waits to get a new block.
Remember miners don't turn off their machines.
So while waiting for the next block from the pool, might as well mine mine something.
But he has no TXs to include!
Mining is a purely satistical game, the more hashrate you have the more lucky you are.
Sometimes, in that small time window when waiting for the new block, a miner will find a block.
The reason for empty blocks is the latency of communication between pools and miners.
These are rational miners acting in their economic interest.
That being said, it would be better for them to get more BTC fees + people get their TXs confirmed.
One solution for this problem is @StratumV2
Remember how the pools sent the block and previous hash to miners?
8/9
In StratumV2 the 2 are separated.
So the mining pool can look in their mempool for TXs that did not make it in the current block and send these block templates ahead of time to the miner.
This way if they find a block, they work on these ones straight away with no latency!
Thanks for reading and like & retweet, if you liked it. :D
Follow for more #Bitcoin facts like this every day!
And the #BitcoinFactOfTheDay was brought to you by BitBox !🇨🇭🔑
Did you know Laszlo (the 10k pizza guy) was the 1 GPU miner?
In 2010 when he emailed Satoshi to tell him about his feat, Satoshi was against using GPU mining too early and wanted to keep difficulty low for as long as possible.
Well one reason might be the "r", because you can't really know the NUMS are really NUMS, i think.
If bitcoin needs a new hashing algorithm its most prolly fucked, and the chaos a change would cause it think it would die.
Did you know #Bitcoin used DOUBLE hashing everywhere?
Why do we use Double-Hashing(SHA256) in Bitcoin?
Where is it used?
What is the benefit?
SHA256 is designed & patented (released royalty-free), by the NSA.
Even though paranoia is a minimal requirement in cryptography, I don't think there are backdoors here.
Satoshi may have had his doubts.
Whenever hashing is performed in Bitcoin is done 2 times.
The most obvious use of SHA256 is when doing the PoW, but it is used a a LOT of other places.
All of the done 2 times.
The theory is that Satoshi though it prevents certain( length extension attacks) attacks.
But the reality is it does not really add any benefits.
Even though this fact became more obvious, the double-hashing trend continued with future things that were built.
It seemed it was easier to subscribe to the "superstition", rather than convenience people that hashing once is safe.
The "modern" changes use single hashing, and in some cases, hashing was dropped altogether.
The design choices made by Satoshis are consensus-breaking, which means that changing them would cause a fork, so they will probably stay like this forever.
Thanks for reading and like & repost, if you liked it. :D
Follow for more #Bitcoin facts like this every day!
And the #BitcoinFactOfTheDay was brought to you by BitBox !🇨🇭🔑
Its very very slow and the notifications are messed up, sometimes i get notifications from a month ago mixed with recent ones.
Dude using iris is such an awful experience.
Will be out in the summer.
You can find more info here: https://geyser.fund/project/satoshisdontexist21
This is a mockup for a #Bitcoin wallet made on 28 October 2011.
The orange Bitcoin logo was not yet created!
Prolly the 1st attempt at creating a wallet for novice non-techie users.
Oddly enough the designer also made a live mockup, which is still working today.
LIVE mockup: http://www.cryto.net/projects/bitcoin_ui/
Thanks bud, it’s honestly just practice.
Before I started working on my movie I used to take pictures daily. :D
Just got Aaron's new "The Genesis Book" and took some pics.
What you guys think?
Right, I never claimed the language was the main reason, I just told you what he did.
If you would just read the article you will see it was a huge improvement.
Not sure what exactly you are mad about though.
The articles clarifies why he managed to get better time.
Hint parallelisation.
Yes, it allows for almost anything you can think of.
Check this playlist on YT.
https://www.youtube.com/watch?v=8q65eqpf4gE&list=PL7rfJxwogDzmd1IanPrmlTg3ewAIq-BZJ
If its not there go through the documentation.
Normally I would, but now I’m working on my movie(Satoshis Don’t Exist)I have 0 free time.
Contact this guy, he is the one maintaining the tool.