3c
₿itcoin
3c719747b27bc71fd9f43df8e21c1dbd332f31fca9110299d7fe89f8d5cc03e5
Helping (-₿itcoin₿-) education sprankled with many opinions: 21^10*6 ₿ with 1^10*8 satoshis. Unstructured simplicity. Best-effort basis monetary propagation. Free and open-source. Cryptography protection. To consensus or not to consensus?

Idk why but I cannot access your message. I get a notification and I see a counter under my message but I cannot see it.

#Bitcoin genesis block (raw)

f9 be b4 d9 1d - #Genesis block indicator

01 00 00 01 - version

00 00 00 00 00 00 00 00

00 00 00 00 00 00 00 00

00 00 00 00 00 00 00 00

00 00 00 00 00 00 00 00

00 00 00 - previous block

3b a3 ed fd 7a 7b 12 b2

7a c7 2c 3e 67 76 8f 61

7f c8 1b c3 88 8a 51 32

3a 9f b8 aa 4b 1e 5e 4a - merkle root

29 ab 5f 49 - time stamp

ff ff 00 1d - bits

1d ac 2b 7c - nonce

01 - number of transactions

01 00 00 00 - version

01 - output

00 00 00 00 00 00 00 00

00 00 00 00 00 00 00 00

00 00 00 00 00 00 00 00

00 00 00 00 00 00 00 00

ff ff ff ff - previous output

4d - script length

04 ff ff 00 1d 01 04 45

54 68 65 20 54 69 6d 65

73 20 30 33 2f 4a 61 6e

2f 32 30 30 39 20 43 68

61 6e 63 65 6c 6c 6f 72

20 6f 6e 20 62 72 69 6e

6b 20 6f 66 20 73 65 63

6f 6e 64 20 62 61 69 6c

6f 75 74 20 66 6f 72 20

62 61 6e 6b 73 - script signature

ff ff ff ff - sequence

01 - output

00 f2 05 2a 01 00 00 00 - 50 bitcoins

43 - pk_script length

41 04 67 8a fd b0 fe 55

48 27 19 67 f1 a6 71 30

b7 10 5c d6 a8 28 e0 39

09 a6 79 62 e0 ea 1f 61

de b6 49 f6 bc 3f 4c ef

38 c4 f3 55 04 e5 1e c1

12 de 5c 38 4d f7 ba 0b

8d 57 8a 4c 70 2b 6b f1

1d 5f ac - pk_script

00 00 00 00 - lock time

f9 be b4 - new block indicator

If someone wants to put this in a nice looking table with nice colors, reply with the results :)

If you want to seperate the block from the explanation, just select/delete all text after the dash. And for the raw block also delete all the spaces. And insert it as hex code.

also, for some reason in the upper part of the block, the version is 01000001 instead of 01000000. Maybe I just edited that part accidentally, anyone else having the same?

Oh I was hesistand about wich one of the two it was...

Hello hello. Follow the hashtags. They can pave a way trough the wild west of the internet.

It was a kind of joke that popped up in my mind :)

"This is a small step for man, but a huge step for mankind"

- #Bitcoin to the moon

Boys how much blocks is the halving cycle?

Except that ofcourse, the money still flows to the working class because of transaction fees and mining and etc. It is not that the rich automatically can get richer by getting deals and loans from the central bank.

BECAUSE THERE IS NO CENTRAL BANK

#bitcoin.

In the long term there probably will be a change in which a rolling timechain is going on in which just enough to keep al coins in circulation. So the oldest coins might be reused in some sense so that that block that mined that coin can be purged.

maybe, idk if it ever will be, but maybe.

The other case is that they refer to a recent issue with LND in which a node can get spammed and therefore forceclose channels in which case you need to retrieve your funds on-chain. But this isn't nice because you need to pay a transaction fee which can be high.

They refer to either an attack in which (in optimal conditions) the channel is closed you cannot retrieve the funds because your "retrieve your funds out of attackers hands" transaction comes to late in the blockchain.

If you know how #lightning works, you know that the #Alice could potentially broadcast an earlier state of a transaction channel to settle funds she actually paid to #Bob in the most recent channel state, but because #Bob has the proof that #alice paid him, he can broadcast that so the others reject alices attempt.

He has a certain period to do that, because of a cryptographical setup that makes it that the attacker always needs to wait longer then the victim to retrieve funds. But if #Alice is able to stop #Bob from broadcasting that "save my funds" transaction, it could be that Alice is able to make her broadcast first.

She cannot stop #Bob from making that transaction, but she can make some kind of fake transaction that looks like bob's one and thus replace it in the memory pool of other nodes.

If she succeeds, she is able to broadcast her retrieving funds transaction before #Bob can (his one gets ignored because a fake replica takes its place in.) and thus steal the funds.

This attack is really sophisticated and cannot be mass utilized. It also requires optimal conditions and there are counter measures against it.

it is called something like "lightning replacement cycling attack".

21 million #bitcoin

divided by

atleast 2 billion people

is around 0.01 bitcoin for each at most, if it was distributed in one time equally.

but it isn't, because the early investors and companies and maxi's and satoshi blayed a big role.

So if you have 1 #bitcoin.

If you have one, you are more than 99 times richer than the average late-comer.

Imagine that. Keep that in mind. #hodl, stay humble and stack sats and only give bitcoin to those who deserve it.

Your #privacy will be really important. There are gonna be people who want to seize the ones who are 99 times richer than them.

And don't give it away to companies. Only use cash for the regular payments and maybe use Bitcoin for other maxi's.