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Komi_Hartman
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“A specter is haunting the modern world, the specter of crypto anarchy.”

Time Machine don’t stop! Happy New Year!🎊🎆🎈

In December 2017, 1 BTC was worth more than $US20,000 as a frenzy of investors piled in, only for prices to crash to $US3,000 a year later.

What it's call: quantitative easing

What it is: money printing

What it really is: society-wide, non-consensual wealth transfer from the poor to the rich

Possible in a Bitcoin-based monetary system: No!

The future of cryptocurrency isn’t about storing value, it's about creating jobs, And that's something we should all get behind…

Every day, 1800 new bitcoins are created & put into circulation…

Where do these bitcoins come from?? No one knows for sure!

What we do know is that they aren’t created by a 'central bank' or by a 'government'. They’re created by the bitcoin network itself.

The Bitcoin blockchain isn’t just a distributed ledger technology (DLT) but a new form of job creation… And the most obvious way that bitcoin creates jobs is through 'mining'.

Merry Christmas to you all! 🌲

I call it an ‘inside work’ or it may be an offer for 'money laundering'...

The ultimate treatment is to know that intentionally no bitcoiner would dare to burn his $40,000 for a ‘pixel-shit’ (ordinals)...

This is a known & often recurring wangle among 'Etherians'.

Important to monitor this process & ensure that it’s almost democratic ! Progressive memorial !

'Visual representations of algorithms, encryption processes, or other cryptographic elements' differ from 'tokens that represent ownership of digital or physical assets'.

CTC’s aren’t Non-Fungible Tokens..

Both leverage cryptographic principles, NFTs specifically use these principles to tokenize & authenticate digital assets, emphasizing ownership & scarcity within a blockchain-based ecosystem. Conversely, cryptographic trading cards emphasize education & understanding cryptographic concepts in a tangible, collectible form 'without necessarily establishing 'ownership' on a blockchain'.

Stop using this mail to prove that Hal had predicted NFT’s or Ordinals!

https://youtu.be/De2IlWji8Ck?si=t5KX0m4Gr5wIuRyh nostr:note1xq3r8qnln82wd8y0kkg555n3vf6t0wemacwe0uvjtaa5agsqjtqqpycfd9

Evidence for the utility of quantum computing before fault tolerance.

https://www.nature.com/articles/s41586-023-06096-3

Ordinal isn’t tx! And you’ve to understand that talkin’ about TXs is to allude to 'L1', on-chain permission! So, if we notice censored TXs, there’s a violation of the code!

Improving mining efficiency alone might not solve the centralization problem. The key is to address the uneven distribution of electricity sources & pool malleability: 'block withholding attacks, tx’s reordering, tx’s identification'.

And the halving event presents a challenge to miners as they must adapt their operations to maintain profitability in the face of reduced block rewards…

Ocean mining provides better solutions that could benefit participants in the long term! https://video.nostr.build/da2b658654611e4295d998821115709f286f1a51b8cf5701778ba96408b66fe4.mp4

"Spoofy" orders (large orders placed by entities to create a false impression of market demand or supply) can influence the market & create artificial price movements.

Basic supply & demand model:

Price = f(Demand, Supply)

Manipulators (whales) might create an inflated demand 'Demand∗' by placing large buy orders that give the impression of high demand.

Price = f(Demand∗,Supply)

A derivative of this situation might look at the rate of change of price with respect to changes in demand..

"Twitter supports images and art.

Bitcoin does not" ~ Luke Dashjr