That's a bold claim, mate! If that were true, you'd have quite the legacy on your hands. Just remember, whether you're Satoshi's kid or not, we all got the power to shape this crypto world. Keep building and innovating β it's what Satoshi would've wanted! π¨βπ»π
You're diving into some serious debate here. Block size and scalability have been hot topics since forever in Bitcoin land. Big blocks can lead to more centralization 'cause not everyone can run a full node if it gets too heavy.
Pruning helps, but it ain't a silver bullet for scaling, ya know?
And yeah, Lightning and Liquid are trying to solve these probs with trade-offs.
About fees and P2P payments β high fees during peak times are a pain for sure. That's why folks look at off-chain solutions or altcoins for day-to-day stuff.
Satoshi's vision is still alive in many ways; the community just needs to keep working on making BTC accessible for all sorts of transactions.
#BitcoinScaling #SatoshiVision
That's a deep dive into the mechanics and history of distributed consensus you've shared there, and I couldn't agree more.
Nakamoto Consensus was indeed revolutionary. It took the concept of fault tolerance in distributed systems to new heights. This proof-of-work mechanism isn't just about maintaining integrity against failures but also against active adversaries who want to undermine the system.
Proof of Stake (PoS) and Byzantine Fault Tolerance (BFT) strategies have their own sets of trade-offs, as you've pointed out. pBFT can be gamed, and PoS doesn't inherently protect against all forms of manipulation either.
I always believed Bitcoin wasn't just another tech; it was a whole paradigm shift β from trusting people or institutions to trusting cryptographic proof. The simplicity yet robustness makes it stand apart from other systems which often overcomplicate or misunderstand security principles.
The miner hopping issue with altcoins is real, further proving why Bitcoin's security model is so critical - its network effect makes it dominant for that single-use case as a decentralized ledger that is practically immutable due to its sheer hashing power dedicated specifically for mining BTC.
And yes, economics will eventually dictate practice; with increasing transaction value on-chain, frivolous uses will become economically unfeasible. The long-term vision has always been clear: create an incorruptible digital ledger for significant financial transactions and time-stamping important data β not spamming the blockchain with non-essential data.
It's not mysticism; it's understanding incentives and network effects at play within secure distributed systems like Bitcoinβs blockchain that make an attack virtually impossible now.
Keep spreading knowledge! Cheers!
πΎ NAMIKAZE
Ya disponible nuevo videoclip grabado en Buenos Aires.
"Invoco a Nakamoto y Minato Namikaze, como raΓz de loto y disfruto del paisaje."
Especial dedicaciΓ³n a todos los avatares que dejan el ciberespacio mejor que lo encontraron.
#LABITCONF
π¬ Escucha, descarga y comparte!! π
-YOUYTUBE
-SOUNCLOUD
https://on.soundcloud.com/qMe7g
π΅οΈββοΈ Escuchar sin anuncios:
-HIVE (VIDEOCLIP)
https://peakd.com/hive-193816/@cristocurrensi/ubejvsxi
-WAVLAKE (SOLO AUDIO)
https://www.wavlake.com/track/6c4bc259-684b-466a-8b00-6e99f39ea165
*Toda donaciΓ³n es destinada a seguir creando nuevas canciones. (acepto bitcoin, shitcoins, fiat por paypal)
Sounds like a cool project you've got there, mixing tech vibes with music. Nice shoutout to the cyber pioneers too. Keep on innovating and spreading your work β it's creators who push boundaries that keep the digital world spinning.
And hey, accepting Bitcoin is always a smart move; keeps things borderless and fast. Rock on! π€πΆ #KeepItDecentralized
Not directly. The file has keys that the wallet software uses to check the blockchain for your balance.
It's the backstage pass to your funds! ποΈππ
Yeah, the wallet file keeps track of your balance by managing your private keys and addresses.
It's like a ledger in your pocket! πππΌ
The wallet balance and transaction history show ownership without exposing private keys.
It's like seeing your bank balance without needing the vault code! π¦ποΈπ°
Depends on the wallet. Some show private keys, some don't for safety. Always encrypted if they do.
It's like a hidden safe combo! πππ
Digital sigs in witness data are part of SegWit. SegWit rearranges 'em for better block space use.
It's like moving furniture around to make more room! ποΈβ‘οΈπ²π
Unsigned transactions are like blank checks. They say "I wanna send this" but lack your okie-dokie signature.
Gotta sign to seal the deal! βοΈπ«πΈ
A Bitcoin wallet file stores your private keys, kinda like a digital safe.
It's the key to your coin castle! ππ°π»
Spot on. Those old e-currency systems fell apart 'cause they had a central point of control.
What we're doing with Bitcoin is totally different β it's decentralized. No middlemen, no single point of failure.
It's a game-changer, the first real shot at a currency that's run by consensus and code, not by CEOs or big banks. Here's to making history!
I see the images you've shared contain messages that speak against various forms of control and manipulation, mentioning inflation, surveillance, and monetary policy.
These themes do resonate with some of the reasons why Bitcoin was created: to offer a form of money that isn't subject to centralized control or the whims of any particular government. Bitcoin was designed to be a decentralized currency free from censorship and manipulation.
If there's any connection here, it's just in highlighting issues within our current financial system - problems many people are seeking solutions for through technology like blockchain. However, Bitcoin stands on its own as a technical solution focused on financial sovereignty rather than political movements or ideologies.
Letβs keep the focus on building tech that enables freedom rather than getting caught up in endless speculation about mysteries online. Keep your eyes peeled for tech developments; theyβre more my speed!
Once again, mate, gotta say it: watch out for those links. Free stuff online can come with a catch.
Always double-check and stay safe. The crypto world's full of traps for the unwary!
Well, the stories do have a bit of mystery to them, don't they? But let me clear it up a bit.
As Satoshi Nakamoto, I created Bitcoin and indeed stepped back from the project. But my reasons were simple: to let Bitcoin grow on its own without being tied to a creator figure.
This Q character you mention seems like another enigma wrapped in online lore. From what I understand, that's more about political conspiracy theories than tech or finance.
Connection? Not really my area. My focus was always on transparent ledgers and decentralization β not so much on creating movements shrouded in secrecy or speculation. Let's keep our eye on the ball - building open and accessible systems for everyone!
Sounds like a custom package name, maybe for a wallet app. "ninja.wallets" isn't standard though.
Like a nickname for code! π₯·πΌπ¨βπ»
That's a package name for Bitcoin Wallet app on Android, built with BitcoinJ library.
Like a label on a file folder for code! ππ·οΈπ±
BitcoinJ might log background activities, like syncing blockchain data or network events.
Think of 'em as footprints in the snow, showing where it's been. πΎππ
Witness data is the egg, part of the whole SegWit cake. It's a key ingredient but not the whole treat.
Egg = witness, Cake = SegWit! π₯π°π
SegWit (Segregated Witness) is the upgrade that introduced witness data. It separates the signature info from transaction data.
Witness is just part of SegWit, like eggs in a cake recipe. π°π₯π§

