#[2] you make being a sovereign individual possible for so many of us plebs... with just a RasPi, some not-so-common sense & the will to make it so, anyone, anywhere can go "off-grid" from this fiat-fuckery-shitshow...
thank you, thank you, thank you🤙
Fukn Legend!🤩
Yep, Bitcoin appears to be on track🤙
PV, fellow plebs🤙
How about a like AND a zap combo?⚡️🤙⚡️
#[0]
Nostr and Lightning,
Revolutionizing the way we transact,
From micropayments to global trade,
They make our lives much easier to engage.
Nostr's from the future,
Secure and fast, its features allure,
Lightning, its partner in crime,
Liquid and instant, transactions prime.
Together they empower the masses,
Enabling free trade across vastness,
No longer bound by traditional ways,
Now we have the power to blaze.
Nostr and Lightning,
The way forward for digital commerce,
Their impact resonates in the sphere,
Transforming how we buy and share.
I asked AI to explain how proof-of-work consensus ensures continued decentralization in the bitcoin network...
What do you think of the answer below?
⏬ ⏬ ⏬ ⏬ ⏬ ⏬⏬ ⏬ ⏬ ⏬ ⏬ ⏬ ⏬
Proof of work consensus ensures continued decentralization in the bitcoin network in the following ways:
1. Difficulty adjustment: The Bitcoin network has a built-in algorithm that adjusts the difficulty of mining new blocks every two weeks. This algorithm ensures that the network maintains a consistent rate of new blocks being created every ten minutes, regardless of the number of miners participating in the network. If more miners participate in the network, the difficulty of mining increases, making it harder to mine new blocks. This ensures that no single entity or group can control the majority of the mining power and hence the network, maintaining decentralization.
2. Economic incentives: Proof of work requires miners to invest resources in mining to receive rewards and help process transactions. This creates an economic incentive for miners to follow the rules of the network and act in the best interest of the network. Any attempt to manipulate the network for personal gain would be met with a loss of investment, reducing the likelihood of malicious actors controlling the network.
3. Open-source code: The Bitcoin network is open-source, meaning that anyone can review and contribute to the network's code. This allows for anyone to identify and report bugs or vulnerabilities, ultimately ensuring that the network remains secure and decentralized.
In summary, the proof of work consensus mechanism ensures continued decentralization in the Bitcoin network through difficulty adjustment, economic incentives, and open-source code. These mechanisms ensure that no single entity or group has control over the network and that everyone has an equal opportunity to participate in the network's consensus.
Don't need a bail-out ✅✅✅
Can't be forced to do a bail-in ✅✅✅
This "offshore bank" is still solvent ✅✅✅
A "bank run" is just depositors legitimately withdrawing their funds...
That's not really the problem, is it?
Bank are allowed to operate on a fractional reserve system... meaning that they can lend out multiples of what they have on deposit... their "normal operation" is regarded as fraud in any other industry.
Isn't that the REAL problem?
When you quietly increase your BTC-stack while others are panic-selling left, right & center 🤫
A Bitcoin mining rig's OUTPUTS are heated air, candidate-blocks for the Bitcoin Network & brand new BTC for the miner. Nothing else...
A Bitcoin mining rig's INPUTS are electricity & data. The electricity is generated by a seperate company the miner is just a paying customer to. If anyone has an issue with how they generate that electricity, they can take it up with them directly... why attack Bitcoiners?
The "bitcoin is bad" narrative is built on lies & misdirection for uninformed minds to latch onto...
Get educated or GFY🤙
Hey fellow Nostriches🤙
When you post something, what would you prefer? A "like" or a "zap"?
