GM,

The Bitcoin white paper H-index is insane! Cited by 44,941 academic publications and counting… but I didn’t know we needed a translation for the next generations.. Well, here we go:

Bitcoin: A Homie-to-Homie Digital Cash Vibe
by Satoshi THE GOAT Nakamoto
satoshin@gmx.com

Source: www.BitcoinForGenZ.org

Abstract. Yo fam, ever wish you could send cash to your crew without any bank
drama or middleman vibes? Digital signatures are sick, but if you’re still needing a
trusted third party to stop double-spending, that’s just sus. We’ve got a GOAT
solution for this mess using a homie-to-homie network. Here’s the tea: we
timestamp transactions by hashing them into an endless chain of proof-of-work,
creating a record that’s locked down tight. You gotta redo all the proof-of-work to
mess with it. The longest chain isn’t just the ultimate proof of what went down; it’s
also proof that it came from the most CPU power flex. As long as the majority of
CPU power is with the legit squad and not some shady crew trying to wreck things,
they’ll keep the chain lit and outpace the attackers. The network is mad chill with
minimal structure, messages get broadcasted on a “best effort” basis, and nodes can
dip in and out whenever they want. They just vibe with the longest proof-of-work
chain to stay on track.

Embrace being a maximalist and keep the scammers at bay.

I confess I enjoyed watching Peter Schiff and Jack Mallers debate hard money vs. fiat, the scarcity of gold vs. Bitcoin, and other aspects of inflation..

Ferrari = Fiat; Crypto = Shitcoin.

Going to wait to a lambo with bitcoin.

Real big transformative ideas in computer science are very rare. A solution for the double-spending problem in distributed databases was published in 2008. Since the beginning of the commercial internet in the early ’90s, that was one of the pitfalls to be overcome in the goal of creating a pure digital asset. Satoshi solved that problem in such an elegant way. All other design decisions made by Satoshi were also elegant, such as creating absolute scarcity by setting a finite supply of Bitcoin, choosing EC secp256k1, etc. Regarding creating distributed applications, honestly, I would use the Java Virtual Machine.

I notice that we have a function called “unlock time”


in my case: 1.235 sec

BTC>What that means is it like “how strong your passphare is in my local hardware?”

best

BTC>There is no second best —Saylor.

I hope that is not an article from Russian hackers attacking the EU and US via infowarfare propaganda. We should also consider how governments are dealing with these issues in Russia and China.

BTC>The Lightning Network (LN) and GDPR share a goal of empowering individuals to have more control over their personal data. However there are challenges in both technical aspects. For example LN reduces on chain data storage, which aligns with GDPRs data minimization principles.

When it comes to pseudonymity, versus anonymity, data controllers and processors must consider that LN transactions are linked to pseudonymous addresses rather than directly to personal identities. By implementing anonymity measures it becomes easier to uphold another core GDPR principle; the right to be forgotten.

Additionally determining the roles of data controllers and processors is complicated by the nature of LN.

Stepping back for a perspective the question arises; Should messages exchanged in LN be considered "personal data " or should they exclusively be viewed as financial data?

Indeed, those numbers are really big. From Bruce Schneier’s book “Applied Cryptography”, here are some analogies that illustrate just how big those numbers are.

Physical Analogue - Number
Odds of being killed by lightning (per day) - 1 in 9 billion (2^33)
Odds of winning the top prize in a U.S. state lottery - 1 in 4,000,000 (2^22)
Odds of winning the top prize in a U.S. state lottery and being killed by lightning in the same day 1 in 2^55
Odds of drowning (in the U.S. per year) 1 in 59,000 (2^16)
Odds of being killed in an automobile accident (in the U.S. in 1993) 1 in 6100 (2^13)
Odds of being killed in an automobile accident (in the U.S. per lifetime)   1 in 88 (2^7)
Time until the next ice age   14,000 (2^14) years
Time until the sun goes nova 109 (2^30) years
Age of the planet   109 (2^30) years
Age of the Universe   1010 (2^34) years
Number of atoms in the planet   1051 (2^170)
Number of atoms in the sun   1057(2^190)
Number of atoms in the galaxy   1067 (2^223)

 

Those buzzwords—DeFi, AI, NFT, Gaming, Quantum, the list goes on—remind us that many of these projects consist of a small team and an evil VC planning a hype-and-dump scheme. I guess lots of them are now planning to move from the “crypto” to the “AI” hype.

I noticed that while watching the latest Coffeezilla video about “rabbit r1 AI.”
https://www.youtube.com/watch?v=NPOHf20slZg

Advice: Stay humble, stack sats.

The only certainty miners have is that the Bitcoin network's controlled supply is set in stone from its inception.

https://en.bitcoin.it/wiki/Controlled_supply

This is the constant; the uncertain parts of the equation are variables like price action in fiat, new political regulations, weather disasters, etc.

Anyone involved in mining should adjust their CAPEX and OPEX accordingly and project their ROI, while being prepared to decommission obsolete hardware if necessary. Recently, I heard an interesting idea for professional mining farms to refactor their old hardware to become products for end-user hobbyists, like Heatbit (heating your home while mining) or Lotto miner full nodes, etc.

Yeah, I heard they even paid in cash. Where can I find this book?

Domain Name: bitcoin.org
Registry Domain ID: 95f8bd6f31564abd9c35804710ed58fe-LROR
Registrar IANA ID: 1068

Domain Name Systems have an interesting history.

   Addresses were assigned manually. Computers, including their hostnames and addresses, were added to the primary file by contacting the SRI Network Information Center (NIC), directed by Feinler, during business hours. Later, Feinler set up a WHOIS directory on a server in the NIC for retrieval of information about resources, contacts, and entities. She and her team developed the concept of domains. Feinler suggested that domains should be based on the location of the physical address of the computer. Computers at educational institutions would have the domain .edu, for example. She and her team managed the Host Naming Registry from 1972 to 1989. (Wikipedia)

I am not sure when or if ICANN made KYC mandatory for domain registration procedures. If I am not mistaken, the specific requirements for domain name registration, including any regulations related to civil ID, may vary depending on the country or registry operator.

Regarding properly securing our personal privacy, it’s worth looking at the work of Cynthia Dwork, the mother of the proof-of-work concept used to combat email spam in the early 90s (!?)

The last time I heard about Cynthia Dwork, she was a distinguished scientist at Microsoft Research. I heard her research on differential privacy is mostly used for protecting privacy in medical records, HIPAA regulations, etc.

That’s a proper “Proof-of-Dwork”

I didn't listen to forum member ribuck in 2010 and invested in shitcoins instead of becoming a Bitcoin maximalist.

https://bitcointalk.org/index.php?topic=1647.msg20646#msg20646

BTC>

BTC>

"Blockchain not Bitcoin" — Jamie Dimon, JPMorgan CEO.
“Timechain” — Satoshi Nakamoto.

BTC>

BTC>GM

In an interview with the Swan Bitcoin YouTube channel, Chris Kuiper, Director of Research at Fidelity Digital Assets, shares his extensive research on why investors should prioritize Bitcoin. I imagine how they instruct their sales team to pitch to institutional clients.

https://www.youtube.com/watch?v=a9k3GfSxRCo

Gemini Youtube video summarization.
According to the video, Bitcoin is the first cryptocurrency and it remains the most secure and decentralized one. Bitcoin focuses on being a store of value, similar to gold. Other cryptocurrencies may prioritize different features and functionalities. Proof of work is a critical feature of Bitcoin that makes it secure and scarce.

Hi all,
I find the term "timechain" cooler.

In this article at Bitcoin Magazine,
https://bitcoinmagazine.com/culture/bitcoins-blockchain-is-the-timechain

The author argues that "timechain" more accurately describes Bitcoin because it emphasizes the fact that Bitcoin is a chronological ledger of transactions.

Moreover, one can argue that some software developers argue that blockchain is a bad data structure. I mean, a blockchain does have features for its original purpose to solve the double-spending problem in a distributed system, but for general computing or development of distributed applications, it's better to use Java or something else.

P.S.->Thanks to the members who supported freedom to express my opinion in the "I don't like the term 'crypto'" thread.

P.S.1-> In software engineering, it is considered a good practice to keep a glossary, that's why I'm thinking about those Bitcoin community jargons.

BTC>

BTC>

If I am not mistaken, Luke Dashjr on Nostr or Twitter – I can’t remember now – said that as a practical solution for the Runes problem, we could use either BitcoinKnots or Bitcoin Core. Set ‘datacarriersize=0’ in your bitcoin.conf file or use the equivalent GUI option in Knots. I can’t find the Nostr post as I mentioned earlier, is that correct?

BTC>I agree with that, like in anarchism: ‘rules without rulers’.

I prefer the term "timechain" because it highlights Bitcoin's function as a chronological record of transactions, just like Satoshi Nakamoto envisioned...

Source: Bitcoin Magazine Article
BITCOIN’S BLOCKCHAIN IS THE TIMECHAIN, LET’S CALL IT THAT
Calling Bitcoin’s blockchain the “timechain” would honor Satoshi’s intention and help clear up altcoin misdirection.
https://bitcoinmagazine.com/culture/bitcoins-blockchain-is-the-timechain

BTC>

BTC> I don’t like the term “crypto” …Not only because it distorts the field of cryptography, but it is also very much related to scam schemes, perpetrated by individuals who have 70% pre-mined coins, create pseudo-decentralized systems, and register trademarks, among other tactics…

The term ‘crypto’ brings to mind Schneier, B. (2015) ‘Applied Cryptography: Protocols, Algorithms, and Source Code in C. 20th Anniversary Edition.’ Indianapolis, Indiana: Wiley. in Chapter 1…”

A message is plaintext (sometimes called cleartext). The process of disguising a message in such a way as to hide its substance is encryption. An encrypted message is ciphertext. The process of turning ciphertext back into plaintext is decryption. This is all shown in Figure 1.1.

(If you want to follow the ISO 7498-2 standard, use the terms “encipher” and “decipher.” It seems that some cultures find the terms “encrypt” and “decrypt” offensive, as they refer to dead bodies.)

The art and science of keeping messages secure is cryptography, and it is practiced by cryptographers. Cryptanalysts are practitioners of cryptanalysis, the art and science of breaking ciphertext; that is, seeing through the disguise. The branch of mathematics encompassing both cryptography and cryptanalysis is cryptology and its practitioners are cryptologists. Modern cryptologists are generally trained in theoretical mathematics—they have to be.

That’s why my mantra is “Bitcoin NOT Crypto”..
BTC>