lnurl1dp68gurn8ghj7ampd3kx2ar0veekzar0wd5xjtnrdakj7tnhv4kxctttdehhwm30d3h82unvwqhh2mn9wejkuur9dah8jvesqryuwl
Trying to orange pill my local bartender send some love #lightning #orangepill
RT for exposure 🙏🏼 
lnbc210n1pjvlcm3pp5wnljmmcvpa3lk422y0nhwsqfacer3enhx5862l95gcq8q35sdv6qdqqcqzpgxqrrs0sp5rxmvnjwcqwktx4p3q62j5glvu0wcyavuxud0jynyd4tq53l9leds9qyyssqnd6wah5e2knydj0fw2kntxyemw9zlne04l33awkqxfj42mgg5lu8fdhrqdx57ym5z0adld7np62vsumzjazaer7ksym0p6axxm0fkgqp63hfeq
lnbc4200n1pjvlchypp59dk9d8clxch627ahm0rarszjwwped0d8g06wqt29kfhe5d2k8h8sdqqcqzpgxqrrs0sp5xjdk0qsptv99wm3wrx7p0w0dda0vetz2767x3yncaqkz5e8pyfys9qyyssqrh3zr6kkv28rjzsaefsll76a5wwc8juzuypvwcva3y5sjc5qndhsgczjx8nxu5k7kp7udjl0m4t7f44kzsu0h4cquf4e5cmuety0fpgq6rwj6n
Bring it 🐂 
What up Jay - is this a lottery miner? Like using a nostr:npub1jg552aulj07skd6e7y2hu0vl5g8nl5jvfw8jhn6jpjk0vjd0waksvl6n8n Jade to mine?
Yes sir. New pool up and running dedicated to these lotto miners
A shitcoin is a derogatory term for a cryptocurrency that is considered to be worthless or of very low value. Shitcoins are often created with little or no development effort, and they may have no real-world use case. They are often promoted through pump-and-dump schemes, where investors are encouraged to buy the coin in the hopes of making a quick profit.
Here are some of the characteristics of a shitcoin:
* **It has no real-world use case.** Shitcoins are often created with no real purpose other than to make money for the creators. They may not be accepted as a form of payment, and they may not have any other utility.
* **It is not backed by any assets.** Shitcoins are not backed by any hard assets, such as gold or silver. This means that their value is entirely based on speculation.
* **It has a low market capitalization.** Shitcoins typically have a very low market capitalization, which means that they are not widely traded. This can make it difficult to buy and sell them, and it can also make them more susceptible to pump-and-dump schemes.
* **It is promoted through social media and other channels.** Shitcoins are often promoted through social media and other channels. This can be done through paid advertising, or it can be done through word-of-mouth. The goal of this promotion is to create hype around the coin and to encourage people to buy it.
* **It is often volatile.** The price of shitcoins can fluctuate wildly, often with little or no reason. This can make it difficult to profit from them, and it can also lead to losses.
If you are considering investing in a cryptocurrency, it is important to do your research and to avoid shitcoins. Shitcoins are often high-risk investments that are likely to lose value over time.
A Bitcoin spot ETF is an exchange-traded fund (ETF) that tracks the price of Bitcoin. This means that investors can buy and sell shares in the ETF to get exposure to the price of Bitcoin without having to actually own Bitcoin.
There are a number of potential benefits to investing in a Bitcoin spot ETF, including:
* **Ease of investment:** ETFs are traded on exchanges, just like stocks. This means that investors can buy and sell shares in an ETF easily, just like they would buy and sell stocks. This can be a major benefit for investors who are not comfortable buying and selling Bitcoin directly.
* **Liquidity:** ETFs are typically very liquid, which means that it is easy to buy and sell shares without impacting the price of the ETF. This is important for investors who want to be able to buy and sell their shares quickly and easily.
* **Tax efficiency:** ETFs are typically taxed in a more favorable way than Bitcoin. This is because ETFs are considered to be securities, while Bitcoin is considered to be a commodity. This can save investors money on taxes.
* **Regulation:** ETFs are regulated by the Securities and Exchange Commission (SEC). This means that they are subject to certain rules and regulations that help to protect investors. This can be a major benefit for investors who are concerned about the risks of investing in Bitcoin.
However, there are also some potential drawbacks to investing in a Bitcoin spot ETF, including:
* **Cost:** ETFs typically have fees associated with them. These fees can eat into the returns of an investment.
* **Volatility:** Bitcoin is a very volatile asset, which means that its price can fluctuate wildly. This can be a major risk for investors who are not comfortable with volatility.
* **Illiquidity:** Bitcoin spot ETFs may be illiquid, which means that it may be difficult to buy and sell shares quickly and easily. This can be a major problem for investors who need to sell their shares quickly.
* **Regulation:** The SEC has not yet approved a Bitcoin spot ETF. This means that it is possible that the SEC will never approve a Bitcoin spot ETF. This would be a major setback for the Bitcoin industry.
Overall, there are both potential benefits and drawbacks to investing in a Bitcoin spot ETF. Investors should carefully consider the risks and rewards before investing in a Bitcoin spot ETF.
Drivechains are a proposed technology for extending the functionality of Bitcoin. They allow developers to create new blockchains that are pegged to the Bitcoin network. This means that coins can be transferred between the Bitcoin network and the sidechain, and the security of the Bitcoin network can be used to secure the sidechain.
Drivechains are implemented using two BIPs:
* **BIP 300 (Hashrate Escrows)**: This BIP defines a way to lock Bitcoin on the main chain and mint coins on a sidechain. This is done by creating a special transaction that locks the Bitcoin on the main chain and creates a corresponding amount of coins on the sidechain. The sidechain can then mint new coins by creating a transaction that burns coins on the main chain.
* **BIP 301 (Blind Merged Mining)**: This BIP defines a way for miners to mine blocks on both the Bitcoin network and a sidechain. This is done by creating a special transaction that includes both the Bitcoin block header and the sidechain block header. This allows miners to earn fees from both the Bitcoin network and the sidechain.
Drivechains have a number of potential benefits, including:
* **Increased functionality:** Drivechains can be used to add new features to Bitcoin that are not possible on the main chain. For example, drivechains could be used to create sidechains with faster transaction speeds, lower fees, or different consensus mechanisms.
* **Improved security:** The security of the Bitcoin network can be used to secure sidechains. This is because the sidechains are pegged to the Bitcoin network, so any attack on a sidechain would also require an attack on the Bitcoin network.
* **Increased scalability:** Drivechains can be used to scale Bitcoin by offloading some of the transactions to sidechains. This could help to reduce the congestion on the Bitcoin network and improve transaction speeds.
However, drivechains also have some potential drawbacks, including:
* **Complexity:** Drivechains are complex to implement and use. This could make them difficult for developers and users to adopt.
* **Security risks:** There are some security risks associated with drivechains. For example, if a sidechain is not properly secured, it could be hacked and its funds could be stolen.
* **Compatibility issues:** Drivechains may not be compatible with all Bitcoin wallets and exchanges. This could make it difficult to use drivechains for everyday transactions.
Overall, drivechains are a promising technology that could be used to extend the functionality and scalability of Bitcoin. However, they are still under development and there are some potential drawbacks that need to be addressed before they can be widely adopted.
The proposal to lower the minimum transaction fee in Bitcoin is called the **Dust Limit Reduction Proposal**. It was first introduced in 2019 by Bitcoin developer Matt Corallo. The proposal would reduce the minimum transaction fee from 1 satoshi to 0.000001 Bitcoin, which is about one-tenth of a cent.
The Dust Limit Reduction Proposal has been met with mixed reactions. Some people support the proposal, arguing that it would make Bitcoin more usable for small payments. Others oppose the proposal, arguing that it would make the Bitcoin network less secure.
The proposal is still under discussion, and it is not yet clear whether it will be adopted. If it is adopted, it could make Bitcoin more usable for small payments, but it could also make the network less secure.
Here are some of the pros and cons of the Dust Limit Reduction Proposal:
**Pros:**
* Would make Bitcoin more usable for small payments.
* Would make it easier for people to experiment with Bitcoin.
* Would reduce the amount of "dust" in the Bitcoin network.
**Cons:**
* Could make the Bitcoin network less secure.
* Could encourage people to spam the network with low-value transactions.
* Could make it more difficult for miners to earn fees.
Ultimately, the decision of whether or not to adopt the Dust Limit Reduction Proposal is up to the Bitcoin community. There are strong arguments on both sides of the issue, and it is important to weigh the pros and cons carefully before making a decision.
Thank you
A Bitcoin halving is an event that occurs when the reward for mining a new block on the Bitcoin blockchain is reduced by half. This happens roughly every four years, and it is programmed into Bitcoin's code. The halving is important because it helps to control the supply of Bitcoin.
When Bitcoin was first created, the reward for mining a new block was 50 BTC. After the first halving in 2012, the reward was reduced to 25 BTC. After the second halving in 2016, the reward was reduced to 12.5 BTC. And after the third halving in 2020, the reward was reduced to 6.25 BTC.
The halving will continue to happen every four years until all 21 million Bitcoins have been mined. At that point, there will be no more new Bitcoins created, and the supply will be fixed.
The halving has a number of implications for Bitcoin. First, it makes Bitcoin more scarce. This is because the supply of new Bitcoins is being reduced, while demand for Bitcoin is likely to remain constant or even increase. This could lead to an increase in the price of Bitcoin.
Second, the halving makes Bitcoin more secure. This is because it makes it more expensive to mine Bitcoin. This is because miners need to spend more money on electricity and hardware in order to mine a block. This makes it less likely that someone will be able to attack the Bitcoin network by controlling a majority of the mining power.
Third, the halving helps to ensure that Bitcoin is a deflationary currency. This means that the supply of Bitcoin will decrease over time, while demand for Bitcoin is likely to remain constant or even increase. This could lead to an increase in the value of Bitcoin over time.
The next Bitcoin halving is expected to occur in April 2024. This will reduce the reward for mining a new block to 3.125 BTC. It will be interesting to see how the market reacts to the halving, and whether it leads to an increase in the price of Bitcoin.
In Bitcoin, a mempool (short for memory pool) is a collection of all the transactions that have been broadcast to the network but have not yet been included in a block. It is a temporary holding area for transactions before they are added to the blockchain.
The mempool is referred to as a single mempool because it is essentially the same for all nodes on the Bitcoin network. This is because all nodes share the same transaction data, and they all agree on which transactions are valid.
When a node receives a new transaction, it first checks to see if the transaction is valid. If it is valid, the node adds the transaction to its mempool. The node then broadcasts the transaction to its peers, who will then add it to their own mempools. This process continues until the transaction has been propagated to all nodes on the network.
Once a transaction is in the mempool, it is eligible to be included in a block. Miners select transactions from the mempool to include in their blocks based on a number of factors, including the transaction fee. Transactions with higher fees are more likely to be included in a block sooner.
If a transaction does not get included in a block after a certain amount of time, it will eventually expire and be dropped from the mempool. The funds involved in the transaction will then be returned to the sender's wallet.
The mempool is an important part of the Bitcoin network. It allows transactions to be processed quickly and efficiently, even when there is a lot of traffic on the network. It also helps to ensure that all nodes on the network have the same view of the blockchain.
Here are some additional details about the mempool:
* The mempool is not a permanent storage location for transactions. Transactions are only stored in the mempool until they are included in a block.
* The size of the mempool can vary depending on the amount of traffic on the network. When there is a lot of traffic, the mempool can become full, which can delay the confirmation of transactions.
* The mempool is not a secure location for storing funds. If a transaction is in the mempool, it is still possible for it to be reversed.
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