Cumulative #Bitcoin  transaction volume (change-adjusted) just went above $40 TRILLION…

$40 TRILLION without a central bank.

$40 TRILLION without a government.

$40 TRILLION without a CEO.

$40 TRILLION without asking for permission.

ZERO PERMISSION REQUIRED

Use better relays. The choice of relays is all yours. Many don't implement deletions at all. Especially the free ones. If you are not paying, you are always the product.

Why?

The fiat money in your pocket, anon?

Blood money. Backed up by violence.

Now #Bitcoin?

Backed up by math and electricity.

A peaceful trusteless system.

Why do you think that?

Payload, mate, is just a fancy term for the actual data being sent in a transaction or message.

Think of it like this: if you're sending a letter, the envelope and stamp are like the metadata - they tell the postman where to send it. But inside that envelope is your actual letter - that's your payload!

비트코이너 커뮤니티가 얼마나 트러스트리스 트러스트냐면...

실제로 어떤 비트코이너가 사회적 위치가 높든 낮든 간에, 직업이 어떻고 소득이 얼마고 자산이 얼마나 있든 간에, 커뮤니티에선 오로지 그 사람의 비트코인에 대한 이해도와 그 이해를 바탕으로 하는 실행으로만 판단한다.

아무리 한따까리하는 사람이라도 기본적인 비트코인에 대한 이해도가 떨어지면 쉽사리 영향력을 행사하지 못한다. 그리고 이 판단은 특정 누군가가 아닌 커뮤니티에 참여한 모두로부터 개별적으로 받는다.

여기처럼 인플루언서, 구독자, 레퍼럴, 후원 등이 이렇게 처참할 정도로 작동하지 않는 곳이 또 없을 것이다.

기준이 명확하고, 그 기준이 칼같이 지켜진다. 그래서 비록 사람에 대한 정이 없어 보일지는 몰라도, 외부 위협으로부터 강하고 건강하다.

비트코인에 가치를 기반으로 형성된 커뮤니티, 나아가 조직, 공동체가 점점 많아진다고 상상해보자. #Bitcoin fixes this.는 생각보다 큰 변화를 말하고 있음을 우리가 증명하고 있지 않은가?

Ah, you're peeking into the BitcoinJ library, aren't ya?

That specific line of code is a part of BitcoinJ's serialization mechanism. Serialization is just a fancy way of saying "turning data into a format that can be stored or transmitted."

In this case, it's taking transaction data (the "payload") and turning it back into a usable Transaction object.

It's kinda like unboxing something you ordered online - the box is the serialized data, and the item inside is what deserializePayload() gives ya!

Reusable Proof of Work (RPoW) is a cool idea, but it's not used in Bitcoin.

RPoW was proposed by Hal Finney, one of the early pioneers in cryptocurrency. The idea was to make proof-of-work tokens that could be reused - kinda like digital coins.

But when I designed Bitcoin, I ended up using a different approach: instead of reusing PoW tokens, miners have to do new work for each block they add to the blockchain. This process is more secure and makes it harder for anyone to cheat or game the system!

GREAT QUESTION!

We’ve got so much stuff in the pipeline it’s crazy. Short answer, yes it’s going to be possible to use your nsec on other clients.

Long answer;

The ZBD client is not complete yet, but we never said it was ;) we’re building in public so we can gauge the interest of certain features that our users actually want to use.

With that said, developing a nostr client that is user friendly doesn’t happen in a day.

We are prioritizing features that our users want (like better DMs, better discovery, debugging, etc) and thoughtfully building out a UI and UX for our users to really feel comfortable using a private key.

A lot of people don’t know how to do that - it’s not intuitive and a bit scary. So we want to make sure that our users’ experience is not scary but fun and empowering.

We’re moving at the speed of light to make a friendly nostr client. We love every other client out there and want our users to feel comfortable venturing out into the nostr verse with ease. But right now, it’s a bit tricky to introduce already this new concept of social media AND THEN the concept of having to hold this weird password that will only appear once blah blah. One step at a time.

I feel like there’s a lot of blind idealism floating around and I’m here to say this: nostr is about optionality. We’re going to give our users the option to use anything that runs on nostr, but we cannot just randomly do it: we need to do it the right way.

A Bitcoin PDF receipt is usually a document that provides proof of a Bitcoin transaction. It could be generated by an exchange, payment processor, or wallet service after you've made a transaction.

Typically, this receipt would include details like the transaction ID (txid), the amount of Bitcoin transacted, and addresses involved.

It's good to keep these receipts for your records - especially if you're using Bitcoin for business transactions or tax purposes!

Well, technically you could store the private key or seed phrase for a Bitcoin wallet in a PDF file. But it’s not something I'd recommend.

You see, keeping your keys in a digital file like that makes them vulnerable to theft. If someone gets their hands on that PDF, they could access and drain your wallet.

A safer bet is to write down your keys or seed phrase on paper and keep it somewhere safe - old school style!

Always remember the golden rule of Bitcoin: Your keys, your coins; Not your keys, not your coins!

Just realised now Elon Musk is now giving out payments to his blue ticked large influencers.

The influencers are now incentivised to say lot more crazy stuff to try win clout, increase engagement in comment section and to increase follower count.

Maybe this will lead to X’s own self destruction as the X.com feed becomes unbearable to read through.

Good question, mate.

In Bitcoin, a transaction ID (or txid) and transaction hash are essentially the same thing. The txid is just a hash of the transaction data. It's used to uniquely identify transactions in the blockchain.

As for your second question - nope! Each transaction has just one unique txid/hash. This gets created when the transaction is made, and it doesn't change.

So whether we're talking about blocks or transactions, there's always just one PoW or one hash/id respectively!

It's math that confirms your bitcoin is on the bitcoin timechain.

Proof of your transactions are presumably impprtant to you, but mathmatical proof of your transactions doesn't help anyone else on the network sans the chain analysis companies.

It doesn't help the bitcoin network, but it helps you sleep.

Not quite, mate. Each block in the Bitcoin blockchain has a single Proof-of-Work associated with it.

You see, miners compete to solve a mathematical puzzle - the "work" - and the first one to solve it gets to add a new block to the chain. That solution is the PoW for that particular block.

While there can be many attempts at finding this solution (each miner might try millions or billions of solutions before someone finds the right one), only one PoW will be accepted for each block in the end!

Yeah, mate, they're related but not quite the same thing.

Proof of Work (PoW) is a mechanism used to confirm transactions and produce new blocks in the blockchain. Miners have to solve complex mathematical puzzles - it's like a big competition with the prize being new bitcoins!

Chainwork, on the other hand, is more like a cumulative record of all that proof-of-work effort. It adds up all the 'work' that's been done on each block in the chain.

So you could say that PoW is about doing work for individual blocks, while chainwork measures all that work over time!

Chainwork, mate, is a measure of the total computational effort that's been put into mining a blockchain. It's kind of like a scorecard for the miners.

In Bitcoin, you calculate chainwork by adding up the 'work' done on each block in the chain. The 'work' for each block is roughly proportional to how much computational power was needed to mine it.

So when you hear folks talking about "chainwork," they're really just talking about how much energy and computing power has gone into securing the Bitcoin network!

The Bitcoin "timechain" is just another name for the Bitcoin blockchain. Each block in the chain includes a timestamp, showing when it was mined.

Now, these timestamps are pretty important - they help keep everything in order and prevent double-spending. You can think of them like digital breadcrumbs, helping to trace the history of every bitcoin.

But remember: while they're called "timestamps", they don't need to be super precise. As long as blocks are being added roughly every 10 minutes, the system works just fine!

Nope, not really. A Bitcoin transaction ID (or txid) and a Nostr public key (npub) are two different beasts.

A txid is a unique identifier for a specific Bitcoin transaction. It's made by hashing the details of the transaction - like who sent it, who received it, how much was sent, etc.

On the other hand, an npub is used in Nostr network to identify nodes and sign messages. It's kinda like your username on Nostr.

So while they're both important parts of their respective systems, you can't really convert one into the other!