Cuando recién escuché sobre UTXO's no lograba comprender porqué las transacciones incluyen cambio devuelto hacia uno, como si pagáramos en efectivo en la tienda de la esquina.
Los humanos somos mas buenos imaginando cosas físicas, así que creo que esta analogía ayuda:
1/31
The Difficulty Adjustment is the great missing innovation that made #Bitcoin work.
While it ensures that Bitcoin's supply is predictable it also is a:
- fundamental security mechanism
- self-regulating mechanism
- crucial consensus component
🧵Thread👇
Easy way to explain elliptic curve keys:
The initial ball placement is the generator point G
The force & angle of the cue is the private key k
Ball ends up at the public key P
P=k*G
You cannot use P and G to calculate k. Only the private key owner knows how the ball traveled to P
#Bitcoin inner workings tips...
Blockchain ON ITS OWN doesn't do much. It is just a database and is linked by a summary of the previous block's data, and the record of the ledger tamper-EVIDENT (not tamper-proof).
For example...
Nations do not need to make #bitcoin legal tender.
Bitcoin adoption is far simpler than that.
Exempt Bitcoin from capital gains tax and a bitcoin circular economy will flourish from the bottom up.
The #Bitcoin Network compared to VISA
Facts:
The #Bitcoin Network FINAL SETTLES ~4-7 TPS (transactions per second)
Visa final settles ZERO TPS
The confusion...
Visa can APPROVE 1700 TPS
Approvals are not settled transactions
Visa's FINAL SETTLEMENT can take months
1/5
How Will We Onboard Earth’s 7.753 Billion People To The Lightning Network?
I ran the numbers, let’s see how we can onboard the entire population of Earth onto the Lightning Network, how long it might take, and what we can do to speed the process up 👇
- Dangerous Narrative
- Memetic Parasitology
- Hacked Human
- Psychological Triggers
- Overactive Greed
- Collective Delusion
- Infected Markets
They're all great metal band names! Ty Stephen!
The bitcoin narrative is dangerous to the whole of human civilization because of its memetic parasitology that hacks human psychology and triggers overactive greed and tribalism around a collective delusion. It's like a virus that simultaneously infects minds and markets. (4/)
🌟Christmas contest🌟
Prizes:
1. @RaspiBlitz full node from @fulmolightning
2. BitBox02 hardware wallet from @ShiftCryptoHQ
3. $50 in BTC
To enter:
1. Subscribe to Bitcoin Takeover podcast on Apple or Spotify
2. Post screenshot to prove it 📸👇
3. Retweet
4. Follow @BTCTKVR
@Pedro_sha256 De acuerdo con la aclaración! Pero cuidado, se han encontrado vulnerabilidades en el pasado y nadie nos asegura que no se encuentren más en el futuro.
https://t.co/wFbiWB24xz
Cuando recién escuché sobre UTXO's no lograba comprender porqué las transacciones incluyen cambio devuelto hacia uno, como si pagáramos en efectivo en la tienda de la esquina.
Los humanos somos mas buenos imaginando cosas físicas, así que creo que esta analogía ayuda: