#labels #groupthink #RobertAntonWilson
Continuing on my education in cryptography and Bitcoin I'm learning today that while Elliptical Curve Cryptography (aka Elliptic Curve Digital Signature Algorithm or ECDSA) using a specific curve being 'secp256k1'.
In a coding script like Python or whatever you're into you could use libraries and functions to create a set of keys, use them to verify a string or in BTC a transaction.
In our coding script we could then verify that our message or transaction was created using using a private key associated with the public key. If the mathematics being carried out in these functions and libraries checks out then we can say our message or transaction has been signed by a (secret) private key mathematically proven to belong to an associated public key - publicly available to an end user.
In this way the maths and code behind a BTC transaction allows us to sign a transaction without revealing out secret key (which gives us ownership over it) while allowing the person we are sending BTC (value) to can see that it was indeed the key associated with that private key which signed the transaction and hence gives the user assurance that the transaction was legitimate.
At least this is my understanding so far... #studyBitcoin and the journey continues. makes me wonder is this what Nodes are actually checking when they run consensus rules against blocks mined by miners to be added to the time chain? Guess Ill find out soon enough.
#plebchain #coffeechain #bitcoin #nostr #grownostr #alwayslearning
anyone specific in mind atm?
i agree reposting doesnt annoy me. especially to get in front of diff time zones seems good idea if you can schedule the repost as I do :)
Didnt he also cut up and kill his wifes dog as part of some attempt to prove living beings are just machines?
Isn't Jungle Wallet from Costa Rica? I heard someone was recently orange pilled in CR with it and it was very easy process.
Yes good point, I am always trying to refine the way I talk to people about it.
Just like the CIA spawned Al Qaeda you did this to yourself :P
Coracle Client also allows you to do this inside of its browser so no external list creation in listr.
Hearing things like this makes me think how amazing it is that I figured out BTC was a remedy to this and feel frustrated by how many people I know are yet to figure it out.
Very interesting. I want to run a small coffee shop one day. would be cool!
These are usually not worth it for most digital nomads in my experience. Another option for those who don't want to do it is create a company in US (dont need to be citizen or have bank account) and pay flat rate tax of a couple hundred a year then travel on tourist visas. This way you avoid most of the tax implications of the country you are in (most countries have tax charters which allow you to only be taxed in either US or there - not both) and in US as they only charge you tax if youre clients are in US AND you are psychically sending things to US clients.
This only works if you aren't already a US citizen in which case you cant avoid the case as I understand it. In that case maybe these are fine or you could look into creating a company in Europe and doing something similar.
Lots of ins and outs to this but there are some tips!
I was reading about some of the cryptography this is based on a few days ago. Elliptical Curve Cryp, assymetrical keys that allows the ability to have a public ledger full of transactions signed by a private key which is only known to the owner but can be verified by the public as being from the owner. All without the owner revealing his secret key. Was cool to try and understand BTC at a new layer for me!
