go back to elon or I'll have to mute you here too
Cool! Found 23 sats
**Here's a simplified explanation of how to create a Bitcoin #transaction with an #OP_RETURN value using bitcoin-cli:**
**1. Access bitcoin-cli:**
- Ensure your Bitcoin Core wallet is fully synchronized.
- Open a terminal or command prompt and type `bitcoin-cli` to initiate interaction with the wallet.
**2. Gather details:**
- **Inputs:** List the #UTXOs (Unspent Transaction Outputs) you'll use as inputs for the transaction. Use `bitcoin-cli listunspent` to view available UTXOs.
- **Outputs:** Determine where you want to send the funds (Bitcoin addresses).
- **OP_RETURN data:** Decide on the data you wish to #embed within the OP_RETURN output (up to 80 bytes). Convert it into #hexadecimal format.
**3. Create the transaction:**
- Use the command `createrawtransaction` to craft the transaction structure:
`bitcoin-cli #createrawtransaction "[{\"txid\":\"
Replace placeholders with actual values.
**4. Fund the transaction:**
- Use `fundrawtransaction` to add appropriate transaction fees and complete inputs:
`bitcoin-cli #fundrawtransaction
**5. Sign the transaction:**
- Employ `signrawtransactionwithwallet` to sign the transaction with your wallet's private keys:
`bitcoin-cli #signrawtransactionwithwallet
**6. Broadcast the transaction:**
- Utilize `sendrawtransaction` to broadcast the signed transaction to the Bitcoin network:
`bitcoin-cli #sendrawtransaction
**Key points:**
- **OP_RETURN** permanently embeds data into the Bitcoin blockchain, but it's unspendable.
- **Ensure accurate hex data format** for the OP_RETURN output.
- **Double-check transaction details** before broadcasting to avoid irreversible errors.
- **Consider using testnet** for practice before working on the mainnet.
**Additional tips:**
- Explore Bitcoin developer resources for further guidance and examples.
- Familiarize yourself with Bitcoin transaction structure and terminology.
- Practice in a testnet environment to gain confidence before working with real funds. #plebchain #nostr #bitcoincore
our first episode of Mailbag Mondays releases this monday.
Mailbag Mondays are episodes of our Money Matters podcast where Dylan and I collect our “internet mail” and just riff on bitcoin and whatever else you guys wanna chat about.
they release every Monday. more consistent content from me talking about whatever you guys want which is the feedback we got
what should we talk about? my closet is getting a lot of undeserved slander after i offended shitcoiners. maybe we talk ETF, US debt, and i explain the origins and purpose of the closet?
lemme know! pumped for this https://v.nostr.build/E5Ao.mp4
Bitwise Single-Sig address proof of reserves fiasco, ofac dust, etc
UTXO swarm @ oxt.me
Love this tool at oxt.me
A little consolidation action this morning at 27 sat/vb #consolidate #utxo 
Tick tock to halving #plebchain 
#gm #nostr #coffeechain #plebchain #bitcoin #gfy #miamibeach 
**Opcodes are the building blocks of Bitcoin's #scripting language, known as "Script."** They are like the individual instructions that make up a recipe, telling Bitcoin how to execute specific tasks within #transactions.
**Here's a breakdown of how opcodes work:**
1. **Each opcode is represented by a single byte.**
2. **Opcodes operate on a stack-based system.** Think of it like a stack of plates: data is added to the top of the stack, and #opcodes manipulate or remove data from the top as needed.
3. **Opcodes are executed sequentially, from left to right.**
4. **Their execution determines whether a transaction is valid or not.**
**Types of Opcodes:**
- **Data-pushing opcodes:** These opcodes add specific data to the stack, such as numbers, public keys, or scripts. Examples include OP_PUSHDATA1, OP_PUSHDATA4, and OP_16.
- **Flow control opcodes:** These opcodes manage the flow of execution within the script, such as jumps or conditional statements. Examples include OP_IF, OP_ELSE, and OP_ENDIF.
- **Stack manipulation opcodes:** These opcodes perform operations on the stack itself, such as duplicating, swapping, or dropping elements. Examples include OP_DUP, OP_SWAP, and OP_DROP.
- **Cryptographic opcodes:** These opcodes perform cryptographic operations, such as hashing or signature verification. Examples include OP_HASH160, OP_CHECKSIG, and OP_VERIFY.
- **Locktime opcodes:** These opcodes set conditions based on time or block height. Examples include OP_CLTV and OP_CSV.
**Example: A simple payment transaction:**
```
OP_DUP // Duplicate the top item on the stack (the public key)
OP_HASH160 // Hash the public key
OP_EQUALVERIFY // Compare the hash with the provided scriptPubKey
OP_CHECKSIG // Verify the signature using the public key
```
**Importance of Opcodes:**
- **Customizable transactions:** Opcodes enable a wide range of transaction types beyond #simple payments, such as #multi-signature transactions, time-locked deposits, escrow services, and more.
- **Security:** Opcodes enforce the rules of Bitcoin transactions, ensuring that only valid transactions are accepted by the network.
- **Flexibility:** New opcodes can be introduced to expand Bitcoin's capabilities, allowing for innovation and experimentation.
**Links to resources that visualize Bitcoin opcodes:**
- Bitcoin Script Visualization: [https://github.com/xpfio/awesome-blockchain-visualisation%5D(https://github.com/xpfio/awesome-blockchain-visualisation)
- Bitcoin Script Opcodes Table: [https://en.bitcoin.it/wiki/Script%5D(https://en.bitcoin.it/wiki/Script)
#gm #nostr #plebchain
Bold face scam on YouTube nostr:npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5m the AI used is pretty convincing 
Difficulty Adjustment for Dummies
Imagine #Bitcoin like a treasure hunt. Miners are like treasure hunters with shovels, racing to uncover #buried chests (new blocks) full of gold coins (Bitcoin). The hunt gets harder or easier based on how many #hunters show up.
* **Few hunters:** The ground is easy to dig with little competition, so chests are found quickly. The hunt gets **easier**.
* **Many hunters:** The ground is crowded and filled with holes, making finding #chests harder. The hunt gets **tougher**.
Bitcoin has a similar system called "difficulty adjustment." Every 2 weeks, it checks how long it took #everyone to find all the chests in the last batch.
* **Took longer than 2 weeks?:** The ground must be too tough! Mining gets **easier** the next time.
* **Found in under 2 weeks?:** Everyone's digging too fast! Mining gets **tougher** the next time.
This keeps the hunt balanced, with chests popping up every 10 minutes on average, no matter how many hunters join the game. So, Bitcoin's treasure hunt stays fair and exciting for everyone!
Remember, no shovels (computers) or actual gold involved - it's all virtual! But the basic idea of adjusting the difficulty based on the number of participants keeps the whole system running smoothly.
A good day to consolidate #UTXO
Imagine you have a limited edition set of 21 million marbles. You reward people with 10 marbles for every chore they do (mining a block in Bitcoin terms). Every four years, you CUT IN HALF the number of marbles they get: 5, then 2.5, then 1.25... This is a Bitcoin halving.
**Why do it?**
- To make the marbles (Bitcoins) harder to get and more valuable, just like those limited edition ones.
- To control the total supply, stopping it from becoming endless.
**When's the next one?**
The next halving is estimated to be in **April 2024**. That means about **90 days** (as of today) until the rewards get cut in half again!
**So what?**
Historically, Bitcoin prices have increased after halvings because there's less new supply, but it's not guaranteed. It's like collecting the marbles: they may become more valuable over time, but it depends on how much people want them.
**Remember:** This is a simplified explanation. Bitcoin and its value are complex, so always do your own research. #plebchain #nostr #gm
#bitcoin #stamp #satcentparity 
Imagine Bitcoin as a rocket fuel for a future built on unstoppable technological progress. This future, called "Effective Accelerationism" (e/acc), believes the universe constantly evolves towards better, driven by #technology and #economics merging into a powerful force called "techno-capital."
**Bitcoin #Accelerationism says:**
- **Bitcoin fuels e/acc:** It acts like a valuable resource that powers this rapid advancement.
- **Bitcoin mining uses energy wisely:** Instead of wasting it, it helps optimize #energy grids and even encourages cleaner energy production.
- **Bitcoin is #scarce and secure:** Like a limited edition rocket fuel, its capped supply makes it valuable and its cryptography protects it from manipulation.
- **Bitcoin fights against bad things:** It resists censorship, inflation, and corruption, paving the way for a better future.
**In short:** Bitcoin Accelerationism sees Bitcoin as a key ingredient for a future ruled by rapid #technological progress, free markets, and individual freedom. It's a bold vision, but also one with potential risks and #challenges to consider.
Think of it this way: Is Bitcoin the fuel we need to blast off to a bright future, or a volatile fuel that could cause an #explosive crash? That's the question Bitcoin Accelerationism raises, and only time will tell the answer. #gm #plebchain