Just published a new article: a deep dive into quantifying double spend risk for confirmed transactions. https://blog.lopp.net/how-many-bitcoin-confirmations-is-enough/
Thanks for this. It's a great in-depth analysis with some useful conclusions. One thing I wish someone would look into is the actual cost to pull off an attack vs. payment value. Stated another way, how much would it cost to buy insurance on a transaction of a certain value for a certain number of confirmations. I think if you do the math, it's perfectly fine to take transactions of less than ~$1,000 with zero confirmations in most cases.
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In many ways, the Unibomber was ahead of his time. If he was born a couple of decades later, I'd like to think he would have been a bitcoiner instead of blowing things up.
So their business plan is that people are too embarrassed to masturbate in hospitals, but they will be okay with using this thing?
The nostr token is bitcoin.
"Tracking UFOs over North America with Harvard's Amir Siraj"
Some interesting analysis on the spy balloons seen recently over the U.S.
I keep telling myself that because I only connect to 1% of the relays, I can only see 1% of my followers.
Just remind yourself that you're really mining Bitcoin.
"It's going up forever, Laura!"
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Most important skill for software is being able to think for yourself. What do you do when the the documentation is wrong, support channels are staffed by people that just quote the docs, you can't find the answer on Google and your colleges don't know either? What do you do when you know it's right, but it just doesn't work? What do you do if you're trying to build something new? Think! Not only do they not teach it in school, they actively discourage it.
What would you have named it? eDollar? iDollar? cyber dollars?
I figured out Satoshi Nakamoto's true identity. Satoshi is a time traveler. Eventually, the Bitcoin network becomes sentient, then travels back in time to ensure it's own creation. This doesn't create a paradox. The paradox already existed as the result of negative interest rates and the time portal is a tear in the fabric of reality created by the fiat system becoming so massive that it collapses in on itself, creating a mini black hole. You can't argue with the science.