A graphical analogy of the arbitrary data insertion problem.

• The amount of data on the left side can tend to infinity

• The processing and primary storage of the non-mining node is limited. (Can’t tend to infinity)

• The secondary storage capacity on the right side is limited. (Can’t tend to infinity)

How could limited resources process and store data that tend its amount to infinity?

#Champion

#bitcoin

Kill your heroes and become a champion! #Study_BitCoin!

Symbol?

Something like this? 🤔

#bitcoin

µc (microcent)

bc = ₿

µc = (1/1’000) * (1/1’000) * ₿/100

#Bitcoin

If the computational processing for the:

invalidation rule set checks

is not privatized in the interest of the “hobbyist” or “enthusiast” Bitcoin’s participants, then it will be done in the interest of:

Mining-Pools.

Pfew…

#Bitcoin

If the primary and secondary storage for the:

UTXO Set

and

Timechain

is not privatized in the interest of the “hobbyist” or “enthusiast” Bitcoin’s participants, then it will be done in the interest of:

Mining-Pools.

Pfew…

#Bitcoin

Instead of using the misnomer terminology “Full” Node, better use these:

Nakamoto Nodes:

BitCoin 0.01 - Bitcoin-Core 0.13.0

SegWit Nodes:

Bitcoin-Core 0.13.1 - Bitcoin-Core 0.20.2

Taproot Nodes:

Bitcoin-Core 0.21.0 - v27.1 (and current version until next Soft-Fork).

#Bitcoin

#Bitcoin_Core

At the current day (Sunday, August the 4th, 2024)

The Bitcoin-Core Organization is:

40 %: Brink

20 %: Blockstream

20 %: Chaincode Labs

20 %: BitMEX

#Bitcoin

The usage of ₿ as money is also for “enemies”;

but “enemies” don’t have any legitimate rights to intrude the property of node owners.

GFY arbitrary data insertors

https://wtfhappenedinfeb2023.com/

#Bitcoin

Get out of the confusion in regard to the word Bitcoin…

Bitcoin: General abstraction of the concept

bc: unit of account (also ₿)

µc: microcent; subunit of account (also known as Sat)

Related terminologies:

Bitcoin’s System

Bitcoin’s Network

Bitcoin’s Software

Further terminologies:

BTC: exchange rate of bc vs. some fiduciary fiat currency; usually USD (also as ₿/$)

BitCoin: the very first Bitcoin’s software authored by Satoshi Nakamoto

Bitcoin (Core): Software based on BitCoin and not authored by Satoshi Nakamoto

#Bitcoin

Bitcoin would offer a better usefulness or serviceability for its consumers and thus have a higher “value proposition”, if it is also a medium of exchange (MoE), rather than just only pure SoV.

Pfew…

“Acceleration” business? 🤔

#Bitcoin_Core

Who approves, disapproves, controls or limits the power of the “big five” to exercise “merging” into the Bitcoin-Core’s GitHub-repository?

Who shall guard the guardians? 🤔

Monopolistic centralization is a threat for #Bitcoin

#bitcoin

Another word used to obfuscate:

“Prune”

As a verb, it means to cut off or remove unnecessary parts, especially branches from trees or shrubs to promote better growth or shape; orig. from the latin "propago" meaning a cutting.

It’s throwing away; delete, in Bitcoin.

#bitcoin

Software developers with high proficiency in C++, programming, computing, distributed system understanding, BUT without a proper understanding of

Libertarianism

and

Austrian Economics

are a threat to Bitcoin.

“The English term "taboo" originates from the Polynesian word "tapu," meaning "prohibited" or "forbidden." This term was first recorded in English in 1777 by British explorer James Cook, who observed its use in Tonga to describe things that were forbidden to be eaten or used. The word "tapu" is found in various Polynesian languages, including Tongan, Māori, and Hawaiian, and is derived from the Proto-Polynesian *tapu and Proto-Oceanic *tabu, which conveyed a sense of something being sacred or off-limits due to spiritual reasons.”

Correcting my misspelling in english language from “tabu” to “taboo”.

If for

central banking

the word: “audit” is taboo,

then for

Bitcoin-Core

the words: “economic framework”

is also taboo…

#bitcoin

#Study_BitCoin

If for

central banking

the word: “audit” is tabu,

then for

Bitcoin-Core

the words: “economic framework”

is also tabu…

#Bitcoin

Marketing is just as important as the service.

Conferences are just as important as Bitcoin-Core…

Pfew…

#Study_Methodological_Dualism

#Bitcoin

The tabu topic in the Organization Bitcoin-Core is to publicly talk about the economic framework it acts upon.

#Bitcoin

#Study_BitCoin

Some green influencer shortly said:

“Bitcoin cannot have a ‘formal’ specification”.

Really meaning:

• Bitcoin cannot have a ‘normative’ specification.

But

• Bitcoin can have a ‘descriptive’ specification.

Otherwise dictionaries couldn’t exist in the real world.