https://www.youtube.com/watch?v=FV5gFjYQDQI
Hi, I'm Penny Wise. 👋
Today, we're diving into the fascinating world of Bitcoin mining. 💻 Whether you're new to Bitcoin or looking to deepen your understanding, this session is tailored for you. So, let's get started! 🚀 Firstly, let's talk about Bitcoin. It's a decentralized network 🌍 that functions on a digital ledger, recording all transactions and account balances. 📒 This ledger is composed of a series of 'blocks', creating what we know as the blockchain. 🔗
Central to Bitcoin's functionality are the miners. ⛏️ These are the individuals or entities that create new blocks on the blockchain. Now, how do they do this? Let's break it down:
Miners start by compiling transaction data with a unique number, known as a 'nonce'. 🔢 This data is then passed through a special algorithm, generating an output value. 💡 The critical part of mining is finding the right nonce. The correct nonce creates an output value below a specific threshold, making the block valid. ✅ This process is highly competitive. 🏁
The first miner to find the correct nonce and create a valid block earns a reward in bitcoins. 💰 An important aspect of mining is computing power. 💪 The ability to quickly guess nonces is directly linked to the processing power of the miner's computer. Hence, successful mining demands significant computational resources. 🖥️
In conclusion, Bitcoin mining is an intricate and vital process 🧠 that requires substantial computing power. It's the backbone of maintaining and updating the Bitcoin ledger. 📖 Thank you for joining me today to explore this essential component of the Bitcoin ecosystem. If you have any questions, feel free to ask!
#[0] Verifying My Public Key: "@accesstribe"
Trying to post this video again:
Below is an outstanding article by nostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z for Bitcoin Magazine with commentary on the recent letter from Senator Warren to congressional members and the FinCen proposals released 1 day after. Important reading for anyone in Financial Markets, American Citizens, and anyone vested in safeguarding democracy, frankly. Some key quotes:
"In a recent letter from Senator Elizabeth Warren and numerous congressional members, they leverage international crises to further their own political agenda and curtail financial freedoms. Armed with a freshly published Wall Street Journal article that falsely suggests Hamas raised a significant sum of crypto funding to attack Israel - the truth couldn’t be more obscured. The irony of the claim is that the public Bitcoin blockchain provides evidence that anyone can dispute – which is exactly what happened the day following the Senator’s letter to the President. On October 18, blockchain analysis firm, Chainalysis, clarified that while some terrorist organizations, including Hamas, do leverage cryptocurrencies for funding, the scale is extremely small relative to traditional fiat banking means."
On the proposed banning of nodes:
"Since bitcoin is a digital commodity, this right to audit delivery is essential to protect their liberties against foul play. Suggesting such a device be banned is a vote for autocratic control by government handlers at the expense of the individual’s rights to protect themselves from thieves. While we are on this important subject, Bitcoin is the only blockchain that has a code base small enough to allow for everyday citizens to afford and operate their own node and provide independent audits on their property – ensuring its legitimacy and overall security. "
The very real threat of totalitarian control
"So what do totalitarian governments embrace? They embrace control. Such a control is often established through small and incremental changes that mask a deeper trend and direction that citizens don’t notice. This progression ultimately leads to absolute control. Now, what is the paramount lever to pull if a government was interested in absolute control? That’s right, the money. Because money is the energy that fuels every action and desire of the individual citizen. Therefore let me be very clear: You will not beat a totalitarian government by becoming more totalitarian."
Bitcoin is Inevitable, the continued prosperity of the United States is not
"In the face of the unstoppable tide that is Bitcoin and decentralized finance, it is paramount that we, as a society, and particularly as citizens of the United States, recognize the critical crossroads we find ourselves. The trajectory of Bitcoin’s innovation and adoption will continue, with or without the active participation or understanding of any single nation. The question that remains is whether we will be leaders or laggards in this inevitable financial evolution."
https://bitcoinmagazine.com/legal/bitcoin-anti-totalitarianism
Verifying my Nostr Nests identity: kg5w7lFS2xSA2O2NwuQtQMYkPvjelPoWIjeih3OT92g
The perfect name.
In a world where gaming platforms 🎮 are poised to become the next social media titans 📱, I can't help but feel a sense of anticipation 🤩. I see the potential for a seismic shift 🌍 in the way we interact online 🌐.
The gaming industry 🎮, projected to be worth a staggering $256.97 billion 💰 by 2025, is not just about entertainment 🎉 any more. It's about connection 🤝, community 👥, and as Desiree Dickerson, CEO of Thndr Games, suggests, it's about value transfer 💸.
I believe that the integration of social media elements 📲 into gaming platforms is not just a possibility, it's an inevitability 🔄. The traditional 'walled garden' 🚧 approach of social media platforms is becoming increasingly out-dated 🕰️. Users are seeking out services that prioritise engaging UI and allow for the portability of their social graph 🗺️ across platforms.
And who does engagement better than the gaming industry? 🎮 The very nature of gaming is to engage, to captivate, to immerse 🌊. With the addition of e-commerce 🛒 and services using a globally recognised, fungible means of payment like bitcoin ₿, the social experience of gaming is set to grow exponentially 📈.
So, to the traditional social media platforms, I say this: It's time to level up ⏫. The game is changing 🔄, and you don't want to be left behind 🏃♂️.
📚 Read more about this fascinating topic here: https://www.accesstribe.com/post/spotlight-on-thndr 🔗
#Gaming 🎮 #SocialMedia 📱 #FutureOfSocialMedia 🌐 #TechTrends 📈
You own a lake?
In the wake of recent crypto scandals, we've been reflecting on the importance of self-custody in the world of Bitcoin. Here is our latest "Spotlight on" piece about a new YCombinator company https://theya.us with an innovative mobile, multi-sig solution 🏦
📚more here: https://www.accesstribe.com/post/spotlight-on-theya
🎙️👭 Kaitlyn and Lauren, two shining stars in the Bitcoin podcasting world, are here to pave the way for young enthusiasts! 🌟🌐
Lauren, an ambitious 12-year-old, co-hosts the 'Once Bitten Podcast' with her dad, Daniel Prince 🎧👨👧. She dreams of taking the reins full-time 🎤🌟 (Shhh! It's our secret; don't tell Daniel! 🤫). In addition to this, she recently showcased her talent as a host at the BTC Prague conference 👏🎉.
Her sister Kaitlyn, has just completed her High School exams 🎓✨ and is taking a gap year. During this time she will immerse herself in the Bitcoin ecosystem, interning with various Bitcoin companies 💼🌐 as well as hosting the upcoming 'Bitcoin Policy UK' podcast 🎙️🇬🇧.
After several years globetrotting 🌍✈️, these dynamic ladies have made their home in France 🏠🇫🇷 where they have become accomplished French-speakers and equestrians 🐎.
Their eclectic education journey is a blend of traditional schooling 🏫 and home-schooling 🏠📚 the latter which they enjoyed immensely.
Future plans include travelling 💼 the world 🌏 and driving Bitcoin education globally 🎓💡🚀
Watch the interview here 👇
Happy Wednesday All! 🧡🧡🧡
We’re just hanging and waiting waiting for Bitcoin to 🚀🐶 
Oof, you’re right there. The dollar dominance is how the US crushes other countries economically, and if they refuse to use it, militarily.
🧡 condolences.
We need an orange heart emoji.
Plus a Damus et al replacement for linkedin.
Ordinals 😂😂😂