Everyone declaring victory over spam last month eating crow
It’s thick enough for surface drilling, better then the hole punchers that don’t work
ReSell some diamond tipped cheap hand drills
It’s a direct quote from your post, did you even read Peter’s post?
Thought this was interesting to share
Peter Todd
"In the case of Monero, they’ve introduced tail emission at a point where it represents a 0.9% apparent monetary inflation rate6. Since the number of previously lost coins, and the current rate of coin loss, is unknown7 it’s not possible to know exactly what the true monetary inflation rate is right now. But regardless, the rate will only converge towards zero going forward."
"The fact is, economic volatility dwarfs the effect of small amounts of inflation. Even a 0.5% inflation rate over 50 years only leads to a 22% drop. Meanwhile at the time of writing, Bitcoin has dropped 36% in the past year, and gained 993% over the past 5 years. While this discussion is a nice excuse to use some mildly interesting math, in the end it’s totally pedantic."
#monero #bitcoin #inflation
https://petertodd.org/2022/surprisingly-tail-emission-is-not-inflationary
While this discussion is a nice excuse to use some mildly interesting math, in the end it’s totally pedantic.
Come to the Toronto meetup this week and I’ll give you a crash course. I’ve been there.
Co-signing this. It’s not your back that needs adjusting, it’s your body demanding strength. Read starting strength
I'm thinking things are going even better than Satoshi imagined. He wrote "if 0.001 is worth 1 Euro..." Right now it's worth 60 Euros. https://satoshibitcoinconverter.on.fleek.co/satoshi_calc_EUR.htm
🙌
Article Update: "Satoshis Bitcoin v0.0 Had 1.99 Billion Bitcoin, Not 21 Million"
https://medium.com/@Fiach_dubh/1-99-billion-bitcoin-not-21-million-fad9f5550659
After reviewing a few more articles on this topic and the Bitcoin Whitepaper conversation on the cryptography mailing list some more interesting details have merged. Satoshi's last email on the cryptography mailing list, where he publicly says to James Donald, "I sent you the main files". These files were the Bitcoin source code for the first Bitcoin client software. Also, we can see from the Hal Finney private email that the subject heading reads "Re: Bitcoin source files attached" with James, Hal and Ray Dillinger cc'd.
Therefore, The private Hal email confirms Satoshi likely sent the Bitcoin source code files to not just Ray Dillinger, but James A Donald and Hal Finney too on November 16th, 2008. Satoshi had apparently been working on this code for more then a year and a half. This likely means Satoshi began working on Bitcoin code in earnest around the middle of 2007.
Also, according to the above Bitcoin Insider article "The source (v0.0) also has a discarded genesis block in the code which has a completely different hash. Assuming the hash was the first genesis test block, it was produced on Sept. 10, 2008." This may be an effective timestamp for the date of this v0.0 source code.
This implies Satoshi gave these three gentleman an older "version 1" copy of Bitcoin, and not an updated version 2, which could have been v0.1. (In one email Satoshi describes a new Bitcoin feature as a "version 2" issue).
Speculation on why Satoshi didn't give these three people the full version 2 details: Well, James A. Donald made it clear in one of his cryptography mailing list emails that he wanted to launch his own Bitcoin version eventually. So maybe Satoshi didn't feel like sharing everything with someone who may front run him to the finish line?
originally posted at https://stacker.news/items/723538
Mediocrity isn’t just easy. It’s boring. Stay weird, you’ll get somewhere fun.
Sometimes Facebook and YouTube get through when there’s a serious issue. It could be your new router with bad firewall settings
Here's an interesting observation that the "satoshi-was-an-academic" theory suffers from:
The whitepaper used neither MLA or APA citation formatting, (commonly used university standards). But rather an informal technical documentation style of citing sources. So neither a university student either mayhaps, since this is a 101 university lesson everyone learns.
It's pretty clear the HBO Documentary Author is full of 💩
Peter Todd is not Satoshi Nakamoto.
https://video.nostr.build/c98fb23db48e3fa86acfc9a46fdcf6fb687365ab68c17848bc5c19bf063a4c8e.mp4
Satoshi Nakamoto is Not Peter Todd | But Cullen Hoback is a Muckraker
originally posted at https://stacker.news/items/719438
Pallapay is decent
