“The journey of a thousand miles begins with a single step.”
Lao Tzu
The First step …๐ค๐๐ค Brings me back on the memory lane… In the ancient times of 2011, when I read for the first time about this BitCorn thing…
Then, I read the WhitePaper… As much or little as I understood at the time, I had a strange Sehnsucht about it and went down the proverbial rabbit hole…
Only to discover with amazement and dismay… It’s the Moria’s Mines down here…
In a first, Bitcoin developers have done something amazing amid the criticism over the lightning network and issues associated with it. A team of developers has made an international payment using the radio … Continue reading International payment using the radio waves→
My inspiration for this page was given to me by my new aquired friend, a fellow Truth Seeker – Joris and to whom I dedicate this page… Wish you… as well as to … Continue reading Discipline Quotes→
Bitcoin white paper turns 15 and the Legacy of Satoshi Nakamoto lives on. โIโve been working on a new electronic cash system thatโs fully peer-to-peer, with no trusted third party,โ Satoshi Oct. 31, … Continue reading Bitcoin White Paper turn 15→
P2P crypto exchanges simply remove the middlemen, the core strength of Bitcoinโs design. Allowing users to buy/sell directly with each other without any trusted third-party to help carrying out transactions.
It is this ๐ค miners strong believe and best practice that privacy and security matter, then P2P exchanges will likely be a better option than the regular exchanges for handling your cryptocurrency!
Peer-to-peer bitcoin exchanges offer anonymous ways to buy and sell Bitcoin with a wide range of payment methods.
Itโs no surprise that the P2P marketplaces have grown considerably in recent years.
In a first, Bitcoin developers have done something amazing amid the criticism over the lightning network and issues associated with it. A team of developers has made an international payment using the radio … Continue reading International payment using the radio waves→
My inspiration for this page was given to me by my new aquired friend, a fellow Truth Seeker – Joris and to whom I dedicate this page… Wish you… as well as to … Continue reading Discipline Quotes→
Bitcoin white paper turns 15 and the Legacy of Satoshi Nakamoto lives on. โIโve been working on a new electronic cash system thatโs fully peer-to-peer, with no trusted third party,โ Satoshi Oct. 31, … Continue reading Bitcoin White Paper turn 15→
Nathan is a tech entrepreneur turned pleb-at-large. He brought the core team together to accelerate app development. Having built, sold, invested in and advised tech businesses over the years he is now focused on bitcoin, building BTCMap.org, gamertron.net and delivering bitcoin education for kids.
Igor is a long time bitcoiner, mapper, and digital nomad living abroad. He created BTC Map as an Android application and the project has since gained worldwide momentum from there. He now also maintains all of the backend infrastructure for the project.
A self-taught Web Developer, secondl1ght dove head first down the bitcoin rabbit hole and left his fiat career to focus on bitcoin development full-time. He created and maintains the BTC Map web application and works on lightning network tools at Amboss Technologies.
Karnage is the lead designer on the web app and created the BTC Map brand. He has contributed to many high profile bitcoin open source projects. His mission is to help startup founders succeed and creates products to achieve this goal. Pixel-perfect product design every time. Get it shipped.
All credit and Kudos goes to :
https://btcmap.org/
We’re on a mission to help Bitcoiners easily find places to spend sats.
In a first, Bitcoin developers have done something amazing amid the criticism over the lightning network and issues associated with it. A team of developers has made an international payment using the radio waves on the lightning network. Rodolfo Novak, the co-founder of the startup CoinKite sent out a Bitcoin transaction to Bloomberg columnist Elaine … Continue reading International payment using the radio waves→
My inspiration for this page was given to me by my new aquired friend, a fellow Truth Seeker – Joris and to whom I dedicate this page… Wish you… as well as to all my readers, to find a sparkle of wisdom in these quotes, that shall illuminate your path/s…. Always in my heart and … Continue reading Discipline Quotes→
To all my readers from the bottom of my heart I wish you Happy Holiday among family and friends, a jolly Merry Christmas and a Happy New Year and may 2024 bring you all what you strive and work for so hard! Yours truly, Free Spirit with Joy & Love
Bitcoin white paper turns 15 and the Legacy of Satoshi Nakamoto lives on. โIโve been working on a new electronic cash system thatโs fully peer-to-peer, with no trusted third party,โ Satoshi Oct. 31, 2008. The white paper was proposing a decentralized system that could facilitate peer-to-peer transactions, which could solve the โdouble spendingโ problem often … Continue reading Bitcoin White Paper turn 15→
Writing clever, articulate and edgy raps โ Based
Eating food with no care for nutrition โ based
Making jokes at the expense of politcally correct people โ based
Creating witty and inspired retorts โ based
Refusing to conform to society’s expectations โ based
Developing viral content โ based
Dreaming without the boundaries of reality โ based
Taking no sh*t from anyone โ based
Standing up for what is right โ based
Throwing away societyโs conventions โ based
Experimenting with new ideas โ based
Making creative use of your skills โ based
Celebrating all forms of success โ based
Questioning the world around you โ based
Expressing yourself through Art โ based
Learning from your mistakes โ based
Breaking the mold โ based
Making bold statements โ based
Improvising on the fly โ based
Challenging the status quo โ based
Working hard without complaining โ based
Respecting othersโ opinions โ based
Venturing beyond your comfort zone โ based
Befriending other outliers โ based
Taking risks, but staying safe โ based
Developing mental strength โ based
Acknowledging the beauty of the world โ based
Choosing courage over fear โ based
Embracing your uniqueness โ based
Worrying less, but achieving more โ based
Being a loyal friend โ based
Working to help others โ based
Succeeding in your own way โ based
Standing up for the weak โ based
Being honest about your failures โ based
Tackling the world with passion โ based
Leading without authority โ based
Accepting your flaws โ based
Owning up to them โ based
Motivating yourself to go further โ based
Making informed decisions โ based
Listening to and understanding others โbased
Analyzing problems and finding solutions โ based
Seeing the world differently โ based
Working against money-grubbing corporations โ based
Refusing to be controlled by social media โ based
Taking responsibility for your actions โ based
Rejecting the influence of peer pressure โ based
Showing gratitude for what you have โ based
Developing a thick skin โ based
Not taking no for an answer โ based
Embracing the joy of risk-taking โ based
Winning without gloating โ based
Taking time for yourself โ based
Diversifying your investments โ based
Helping others around you succeed โ based
Avoiding useless debates โ based
Refusing to give into oppression โ based
Going against the grain โ based
Moving through life with grace โ based
Not caring about popular opinion โ based
Not caving into herd mentality โ based
Outwitting conventional wisdom โ based
Standing your ground against bullies โ based
Reclaiming lost ground โ based
Detaching yourself from material possessions โ based
Questioning authority โ based
Resisting unjust power โ based
Ignoring criticism โ based
Seeing through deception โ based
Overcoming adversity โ based
Pursuing excellence โ based
Living life without regrets โ based
Becoming Unbreakable โ based
Following your gut feeling โ based
Slaying the dragon of Conformity โ based
Crushing comfort zones โ based
Exploring the unknown โ based
Keeping a cool head in a crisis โ based
Analyzing data intelligently โ based
Not wasting time with gossip โ based
Adopting a Zero-Tolerance policy โ based
Connecting with likeminded people โ based
Committing thought crimes โ based
Spreading your message โ based
Asserting your autonomy โ based
Resolving conflicts quickly โ based
Not conforming to gender roles โ based
Refusing to settle for mediocrity โ based
Not taking life too seriously โ based
Living life to the fullest โ based
Rewriting stories with your own pen โ based
Expressing yourself without limits โ based
Being You – based
Trust is not based, and relying on trust is unbased. It is foolish to ever trust someone, because the only way to truly ensure that what someone is saying is true is to verify it yourself.
Relying on trust to make important decisions is the same as not making decisions at all, which would be why wise people have always told each other to never trust anyone, ever.
Instead, one should always verify all information, or else make use of carefully-chosen massive liabilities and hedges, so as to eliminate the need to trust.
…
Btw, did I mentioned the list was made by a Non-Human, Red-Pilled Entity ๐๐๐คฃ
I would love to hear thoughts, opinions and critics about this, from you all dear readers.
In a first, Bitcoin developers have done something amazing amid the criticism over the lightning network and issues associated with it. A team of developers has made an international payment using the radio … Continue reading International payment using the radio waves→
My inspiration for this page was given to me by my new aquired friend, a fellow Truth Seeker – Joris and to whom I dedicate this page… Wish you… as well as to … Continue reading Discipline Quotes→
Bitcoin white paper turns 15 and the Legacy of Satoshi Nakamoto lives on. โIโve been working on a new electronic cash system thatโs fully peer-to-peer, with no trusted third party,โ Satoshi Oct. 31, … Continue reading Bitcoin White Paper turn 15→
Let’s make a journey back in time to see where blockchain technology and cryptocurrencies came from. It will take us back to the CypherPunk Movement starting in the 1970’s.
Cryptography for the People
Encryption was primarily used for military purposes before the 1970s. People at that time were living in an analog world. Few had computers and even fewer could imagine a technology that would connect almost every human being on the planet – the internet.
Two publications brought cryptography into the open, namely the โData Encryption Standardโ published by the US Government, and a paper called โNew Directions in Cryptographyโ by Dr. Whitfield Diffie and Dr. Martin Hellman, published in 1976.
Dr. David Chaum started writing on topics such as anonymous digital cash and pseudonymous reputation systems in the 1980s, such as the ones described in โSecurity without Identification: Transaction Systems to make Big Brother Obsoleteโ. This was the first step toward the digital currencies we see today.
The Cypherpunks
We walk on shoulders of Giants! Hughes, May, Back, Finney, Gilmore, Szabo
It wasnโt until 1992 that a group of cryptographers in the San Francisco Bay area started meeting up on a regular basis to discuss their work and related ideas. They built a basis for years of cryptographic research to come.
Besides their regular meetings, they also started the Cypherpunk mailing list in which they discussed many ideas including those which led to the birth of Bitcoin.
In late 1992 Eric Hughes, one of the first cypherpunks, wrote โA Cypherpunkโs Manifestoโ laying out the ideals and vision of the movement.
Note: We encourage you to read A Cypherpunkโs Manifesto. The Manifesto is just as relevant today as it was in 1992. This short read takes only a few minutes of your time. Itโs astonishing to see how much foresight the early members had when most people didnโt even think about computers yet.
A Cypherpunksโs Manifesto
An excerpt from the Manifesto:
โPrivacy is necessary for an open society in the electronic age.
Privacy is not secrecy.
A private matter is something one doesnโt want the whole world to know, but a secret matter is something one doesnโt want anybody to know.
Privacy is the power to selectively reveal oneself to the world.โ
โPrivacy in an open society also requires cryptography.
If I say something, I want it heard only by those for whom I intend it.
If the content of my speech is available to the world, I have no privacy.
To encrypt is to indicate the desire for privacy, and to encrypt with weak cryptography is to indicate not too much desire for privacy.โ
โWe must defend our own privacy if we expect to have any.
We must come together and create systems which allow anonymous transactions to take place.
People have been defending their own privacy for centuries with whispers, darkness, envelopes, closed doors, secret handshakes, and couriers.
The technologies of the past did not allow for strong privacy, but electronic technologies do.โ
โWe the Cypherpunks are dedicated to building anonymous systems.
We are defending our privacy with cryptography, with anonymous mail forwarding systems, with digital signatures, and with electronic money.โ
Electronic Cash
Although you might have just heard about this movement for the first time, you have most definitely benefitted from the efforts of some of their members in building Tor, BitTorrent, SSL, and PGP encryption. It should not surprise you that many concepts and ideas that originated from this group led to the emergence of cryptocurrencies.
In 1997, Dr. Adam Back created HashCash, which he proposed as a measure against spam. A little later, in 1998, Wei Dai published his idea for b-money and conceived the ideas of Proof-of-Work and Proof-of-Stake to achieve consensus across a distributed network. In 2005 Nick Szabo published a proposal for Bit Gold. There was no cap on the maximum supply but he introduced the idea to value each unit of Bit Gold by the amount of computational work that went into producing it. Although this is not how cryptocurrencies are valued, the price of production (comprised of hardware and electricity cost) plays a role in the pricing of these digital assets.
In 2008, Satoshi Nakamoto released the Bitcoin white paper, citing and building upon HashCash and b-money. Citations from his early communications and parts of his white paper, such as the following on privacy, suggest Nakamoto was close to the cypherpunk movement.
โThe traditional banking model achieves a level of privacy by limiting access to information to the parties involved and the trusted third party. The necessity to announce all transactions publicly precludes this method, but privacy can still be maintained by breaking the flow of information in another place: by keeping public keys anonymous. The public can see that someone is sending an amount to someone else, but without information linking the transaction to anyone. This is similar to the level of information released by stock exchanges, where the time and size of individual trades, the โtapeโ, is made public, but without telling who the parties were.โ
Technology did not enable strong privacy prior to the 20th century, but neither did it enable affordable mass surveillance. We believe in the human right to privacy and work towards enabling anyone who wishes to claim his or her privacy to do so. We see a cryptocurrency with selective privacy as a good step in the right direction of reclaiming our privacy.
In a first, Bitcoin developers have done something amazing amid the criticism over the lightning network and issues associated with it. A team of developers has made an international payment using the radio … Continue reading International payment using the radio waves→
My inspiration for this page was given to me by my new aquired friend, a fellow Truth Seeker – Joris and to whom I dedicate this page… Wish you… as well as to … Continue reading Discipline Quotes→
Bitcoin white paper turns 15 and the Legacy of Satoshi Nakamoto lives on. โIโve been working on a new electronic cash system thatโs fully peer-to-peer, with no trusted third party,โ Satoshi Oct. 31, … Continue reading Bitcoin White Paper turn 15→
Hy there my fellow citizens of this amazingly beautiful Mother Earth of… Not Ours !!! We tend to forget that and treat it as if we would have another habitable sphere on wich to live, in the back of our pocket…. but that’s a topic for another discussion…
A few day ago… I think it was days… maybe weeks… Time is an illusion Einstein was right! Anyway somewhere in the past I decided to make a little bit more wider my mark on this digital world we all drown into :))) and I started to build up a Library !
As I do believe and live by the motto…
“Sharing is caring!”
Here with delight and joy I present to You, Free Spirit’s Library named how else than…
*Note: It's a Never Ending work in progress, as I am one little โข that is bound to the same illusion of Time, as every other โข is ๐ :))
So I would suggest you make frequent visits on the Discord server, as I add books and much interesting food for the mind all the time !
Thank you for your time !!!
May knowledge enlighten your path and make you evolve and thrive, if not for us then for the generations to come, so they can walk and look behind them, and say...
"Hey look, we are walking on shoulders of giants..."
In a first, Bitcoin developers have done something amazing amid the criticism over the lightning network and issues associated with it. A team of developers has made an international payment using the radio … Continue reading International payment using the radio waves→
My inspiration for this page was given to me by my new aquired friend, a fellow Truth Seeker – Joris and to whom I dedicate this page… Wish you… as well as to … Continue reading Discipline Quotes→
Bitcoin white paper turns 15 and the Legacy of Satoshi Nakamoto lives on. โIโve been working on a new electronic cash system thatโs fully peer-to-peer, with no trusted third party,โ Satoshi Oct. 31, … Continue reading Bitcoin White Paper turn 15→
In a first, Bitcoin developers have done something amazing amid the criticism over the lightning network and issues associated with it. A team of developers has made an international payment using the radio … Continue reading International payment using the radio waves→
My inspiration for this page was given to me by my new aquired friend, a fellow Truth Seeker – Joris and to whom I dedicate this page… Wish you… as well as to … Continue reading Discipline Quotes→
Bitcoin white paper turns 15 and the Legacy of Satoshi Nakamoto lives on. โIโve been working on a new electronic cash system thatโs fully peer-to-peer, with no trusted third party,โ Satoshi Oct. 31, … Continue reading Bitcoin White Paper turn 15→
Join Honorary Chair Fran Finney and the Running Bitcoin Challenge Committee as we honor legendary cypher punk, Hal Finney.
This is THE EVENT that combines Hal Finney’s love of running and Bitcoin and is raising funds and awareness to help defeat ALS, which ultimately claimed his life in 2014.
You are challenged to run (or walk, roll, or hike) the equivalent of a half marathon — cumulatively or all at once — by the end of January 10, 2023.
From wherever you are, spread the word about Bitcoin, participate in a healthy activity, feel good about doing your part to defeat ALS, and start the year off right
Hal Finney, one of the earliest bitcoin contributors, died eight years ago from complications of nervous system disease amyotrophic lateral sclerosis (ALS).
His spouse, Fran Finney, is now organizing a half marathon to raise funds for ALS research via bitcoin.
The โRunning Bitcoin Challengeโ is set to take place between Jan. 1 and Jan. 10. The timing of the occasion leads up to the anniversary of Hal Finneyโs โRunning bitcoinโ tweet, in which Finney famously disclosed he was deploying a Bitcoin node.
There is no set location โ participants can choose to join anywhere they wish. Players are encouraged to either run, walk, roll or hike the equivalent of a half marathon (Halโs favorite distance) either in one go or over the entire 10-day period.
Donors contributing at least $100 will receive an official shirt with the half marathonโs logo, while the eventโs top 25 fundraisers will get a Hal Finney collectible signed by his wife.
As of Wednesday morning, the event has already managed to secure nearly $10,000 in bitcoin donations.
An advocate of cryptography and digital privacy, Finney was the recipient of the first-ever bitcoin transfer from the networkโs pseudonymous creator Satoshi Nakamoto.
The bitcoin community often suspected Finney was Nakamoto, a claim he consistently denied. He reportedly found out about his condition in 2009 and decided to move away from the project.
Halโs name is high in the Bitcoin pantheon as one of the first people to voice support for Satoshi Nakamotoโs invention and for being the first person to receive a Bitcoin transaction from Satoshi.
He was, for a time, considered one of the top contenders on the list of potential Satoshis himself (many in blockchain who reject Dr. Craig Wrightโs statements still falsely believe Finney to be Bitcoinโs real creator).
Hal, who referred to himself as a โcypherpunk,โ was a cryptographic activist who went from developing video games to working on the Pretty Good Privacy (PGP) project in the 1990s. He described his PGP work as โdedicated to the goal of making Big Brother obsolete.โ
PGP creator Phil Zimmerman hired Hal as his first employee when PGP became PGP Corporation in the early 2000s. He described Hal as a โgregarious manโ who loved skiing and long-distance running.
Despite gradual paralysis that eventually forced him to stop working, Hal continued to code software and follow the Bitcoin project.
Almost as famous as his 2009 tweet is his โBitcoin and meโ post on BitcoinTalk.org in March 2013, the last heโd ever make.
Itโs a long post, and Hal was โessentially paralyzedโ at the time, using an eye tracker to type. Forum stats show the post has been read over 278,000 times.
โWhen Satoshi announced the first release of the software, I grabbed it right away,โ he wrote. โI think I was the first person besides Satoshi to run bitcoin. I mined block 70-something, and I was the recipient of the first bitcoin transaction when Satoshi sent ten coins to me as a test.
I carried on an email conversation with Satoshi over the next few days, mostly me reporting bugs and him fixing them.โ
Hal himself always denied being Satoshi Nakamoto, adding later that heโd sold most of the Bitcoins he mined (at pre-2014 prices) to pay for his treatments. He also mentioned putting some in a safe deposit box for his children.
โAnd, of course, the price gyrations of bitcoins are entertaining to me.
I have skin in the game.
But I came by my bitcoins through luck, with little credit to me.
In a first, Bitcoin developers have done something amazing amid the criticism over the lightning network and issues associated with it. A team of developers has made an international payment using the radio … Continue reading International payment using the radio waves→
My inspiration for this page was given to me by my new aquired friend, a fellow Truth Seeker – Joris and to whom I dedicate this page… Wish you… as well as to … Continue reading Discipline Quotes→
Bitcoin white paper turns 15 and the Legacy of Satoshi Nakamoto lives on. โIโve been working on a new electronic cash system thatโs fully peer-to-peer, with no trusted third party,โ Satoshi Oct. 31, … Continue reading Bitcoin White Paper turn 15→
It’s been 4 years already and it seems I haven’t done nothing at all… With the little time I could spare to work on this blog, I hope I bought a tiny seed of knowledge into your ๐ง zz my dear readers ๐๐๐๐
I will try the best of my abilities to continue the work on the blog !
Untill then dear readers never forget :
Let’s find the courage and strenght, if not for us then for Them… the Future Generations that are to come after us and Go…
In a first, Bitcoin developers have done something amazing amid the criticism over the lightning network and issues associated with it. A team of developers has made an international payment using the radio … Continue reading International payment using the radio waves→
My inspiration for this page was given to me by my new aquired friend, a fellow Truth Seeker – Joris and to whom I dedicate this page… Wish you… as well as to … Continue reading Discipline Quotes→
Bitcoin white paper turns 15 and the Legacy of Satoshi Nakamoto lives on. โIโve been working on a new electronic cash system thatโs fully peer-to-peer, with no trusted third party,โ Satoshi Oct. 31, … Continue reading Bitcoin White Paper turn 15→
Happy Genesis Block Day! January 3 is the 14th anniversary of Bitcoinโs Block Zero, its anchor in time.
The first sentence of the email has become iconic among the Bitcoin community:
โIโve been working on a new electronic cash system thatโs fully peer-to-peer, with no trusted third party.โ
On January 3, 2009, the genesis block of the Bitcoin blockchain was mined by its pseudonymous creator Satoshi Nakamoto, marking the first time in history that a completely digital and decentralized currency went online.
In the 14 years and three halvings since, Bitcoin has grown to become one of the most important financial instruments, clearly demonstrating that a non-central bank-controlled currency is capable of challenging the established monetary order.
That time, in 2009, was one of economic turmoilโand the aftershocks from that turmoil are still rocking our world in 2023.
The Genesis Block was never โminedโ like every other Bitcoin block. That started with Block #1 when Satoshi Nakamoto released the software on SourceForge.
The hash from Block #0 was done with different software and hard-coded into the original Bitcoin protocol.
โChancellor on brink of second bailout for banksโ was the Times headline. Satoshi hid in the first blockโs coinbase hash as a timestamp to prove there had been no mining on the Bitcoin network before he released the software to the public.
The Times – January 3 2009
โThe Chancellor will decide within weeks whether to pump billions more into the economy,โ the original article in the Times said. In 2009 these seemed like desperate measures, and they were. Since 2009, though, governments across the Western world have indeed pumped billions, even trillions more, into their economies.
Satoshi was making a statement on irresponsible government interventions in the economy and their eventual erosion on markets.
โThey actively sought to incentivise bad behaviour and push in typical Keynesian style the problem down the road. It would be a bigger problem, but it would be someone elseโs problem.โ
Just like the economy at large, Bitcoin is a long-term struggle against the worse aspects of human nature.
In the 14 years and three halvings since, Bitcoin has grown to become one of the most important financial instruments, clearly demonstrating that a non-central bank-controlled currency is capable of challenging the established monetary order.
10 most important Bitcoin Milestones
Bitcoin has reached numerous major milestones and faced several considerable obstacles over its nearly decade-and-a-half-long history.
Here are 10 events that had the biggest impact on Bitcoin so far:
November 28, 2012: First Bitcoin halving
February 28, 2014: Mt. Gox, the biggest Bitcoin exchange at the time, files for bankruptcy
July 9, 2016: Second Bitcoin halving
August 1, 2017: Bitcoin Cash hard fork
May 11, 2020: Third Bitcoin halving
February 8, 2021: Tesla invests in Bitcoin
February 20, 2021: Bitcoin reaches $1 trillion market cap for the first time
September 7, 2021: El Salvador makes Bitcoin legal tender
November 14, 2021 – Taproot upgrade is activated
November 11, 2022: Major crypto exchange FTX files for bankruptcy
Bitcoin has never closed in the red zone 2 years in a row: Will the trend continue?
Bitcoin price decreased by over -60% over the span of the last 12 months. However, there is a strong bullish precedent in play that could spell a major trend reversal in the coming months.
For starters, Bitcoin has never closed in the negative two years in a row. Granted, there is a relatively short set of historical price data to work with.
However, roughly speaking, Bitcoin has operated on 3 years of growth followed by 1 year of market retracement periods, at least so far
Bitcoin Change Year-over-Year
For world-renowned charities such as Save the Children, the White aper and the subsequent creation of Bitcoin have benefited the organization.
Antonia Roupell, Web3 lead at Save the Children, told Cointelegraph that the organization recognizes โBitcoinโs potential to be a force for good and a force for financial inclusion,โ adding:
โOn Bitcoinโs 14th anniversary, and at a time of increasingly global financial inequality, the phrase โbitcoin is for anyoneโ really resonates.โ
In a first, Bitcoin developers have done something amazing amid the criticism over the lightning network and issues associated with it. A team of developers has made an international payment using the radio … Continue reading International payment using the radio waves→
My inspiration for this page was given to me by my new aquired friend, a fellow Truth Seeker – Joris and to whom I dedicate this page… Wish you… as well as to … Continue reading Discipline Quotes→
Bitcoin white paper turns 15 and the Legacy of Satoshi Nakamoto lives on. โIโve been working on a new electronic cash system thatโs fully peer-to-peer, with no trusted third party,โ Satoshi Oct. 31, … Continue reading Bitcoin White Paper turn 15→
Just as the crypto industry is expanding and getting local adoption from individuals, co-operations, organisations and few countries the same rate at which we have crypto enthusiast increasing in number which i see so worrisome and also a call for major concern.
Reason been that as more people get involved in the crypto business the more scammers are likely to increase their technique and the more scammers get recruited.
To avoid walking on scammers path, requires to be well informed of every new technique they can ever deploy against their potential victim.
To stay off scammers path users must:
Avoid phishing links.
Make sure to pay attention to the spelling of the website, as well as their URL as this can reveal whether it is a phishing site or not.
Never invest in a project without a well structured community
Pay close attention to the engagement within the community for suspicious activities
Ensure you assets are off CEX
Be more smart and less greedy
Don’t jump into a project/coin only based on the hype from advertisers (especially twitter)
Avoid any “too good to be true” investment
Avoid send me 1$ and I’ll send back 2$ scams, no matter how reputable is the account calling for that
Protect your coins (keep your coins on your wallet, use hardware wallet where possible, never give out wallet’s seed, keep backup seed offline)
Don’t be greedy and/or illiterate.
Be sure to feed yourself with necessary knowledge, if you want to invest.
Knowledge from experience is good but you can also take legitimate one from other people.
Not everything that is being offered to you is true. Do not be deceived.
Be careful who you are trusting.
Always be skeptical !!!
Enable Two-factor authentication for all your accounts.
Using of firewalls.
Installing an up to date anti virus software.
Use strong passwords and yet easily accessible ones for your convenience.
Stay away from malicious links or attachments you come across on the web.
Make sure your private keys are well stored and in hard wallet
Make sure your passwords are not vulnerable online to attacks i.e donโt store passwords online or any website
Whenever a stranger message you first for a business or an investment, it is a Red flag.
Someone who doesn’t know you would want you to make big money, another Red flag.
Whenever they introduce a” business opportunity” to you and then hasten you in order make you take a hasty decision it’s not genuine, they are trying their best to make you take a fast decision without telling your loved ones and friends who will discourage you.
It is safer to assume anyone you don’t know, communicating with you is a scammer until it is proven otherwise.
Read the whitepaper and research well of the company where you are going to invest because many scams are done by this method.
Check whether it is genuine or fake.
Scammers are constantly upgrading their scam methods and anyone can be the next target.
Loss doesn’t just happen due to an internal or intentional mistake, and when it does happen everyone has a similar sense of remorse and risks that are absolute consequences.
You’ll be fooled many times by those scammers that have maintained a well structured fake community.
They can hire those PRs and people talking inside their community to make it look like they’re a legit community.
As for their workers, they’ll just tell that they need engagement but the purpose of it, they’re not talking about it because that’s what the main purpose it.
And that’s to make it look genuine that they have real people inside the community. But in reality, it’s all fake people that they’ve hired just to make discussions all over their place.
It’s safe to say as well that it’s not just the crypto industry that is not safe for newbies, everything that talks about money is not safe for everyone.
Crypto is the latest thing and in the last 5 years it become so successful that scammers make this as their paradise as there are a lot of naive investors in the market.
Do your investigations, and don’t listen to influencers and believe them.
Think that this is your hard earn money so you need to be careful where you are going to invest it.
Don’t be Greedy.
Don’t jump on it like a hungry cow.
Don’t trust the sweet words they offer you. Most of them are too good to be true but they will always sound inviting to invest with.
Make a wall to not fully support them unless they have proven themselves worthy of that kind of respect.
Always be in doubt. That will be the shield that will protect you from being scammed.
Must simply assume that our coins are never really safe despite our best efforts, so it is important to always be on alert and protect our coins to the best of our ability.
Improve the security of your coins by an important margin by buying a hardware wallet, since they are very secure devices and they are relatively cheap, instead of risking storing our coins in our computers or at an exchange.
Always good to know how to make technical and fundamental analysis so that you can get specific information what is the situation of the projects you want to invest
Many projects are delivering a good testament, but they always ended into a scam , so we need to be smart enough and have a lot of preparation before investing or trading
In a first, Bitcoin developers have done something amazing amid the criticism over the lightning network and issues associated with it. A team of developers has made an international payment using the radio … Continue reading International payment using the radio waves→
My inspiration for this page was given to me by my new aquired friend, a fellow Truth Seeker – Joris and to whom I dedicate this page… Wish you… as well as to … Continue reading Discipline Quotes→
Bitcoin white paper turns 15 and the Legacy of Satoshi Nakamoto lives on. โIโve been working on a new electronic cash system thatโs fully peer-to-peer, with no trusted third party,โ Satoshi Oct. 31, … Continue reading Bitcoin White Paper turn 15→
“A fixed money supply, or a supply altered only in accord with objective and calculable criteria, is a necessary condition to a meaningful just price of money.”
Fr. Bernard W. Dempsey, S.J. (1903-1960)
In a centralized economy, currency is issued by a central bank at a rate that is supposed to match the growth of the amount of goods that are exchanged so that these goods can be traded with stable prices. The monetary base is controlled by a central bank. In the United States, the Fed increases the monetary base by issuing currency, increasing the amount banks have on reserve or by a process called Quantitative Easing.
In a fully decentralized monetary system, there is no central authority that regulates the monetary base. Instead, currency is created by the nodes of a peer-to-peer network.
The Bitcoin generation algorithm defines, in advance, how currency will be created and at what rate. Any currency that is generated by a malicious user that does not follow the rules will be rejected by the network and thus is worthless.
Currency with Finite Supply
Block reward halvingControlled supply
Bitcoins are created each time a user discovers a new block. The rate of block creation is adjusted every 2016 blocks to aim for a constant two week adjustment period (equivalent to 6 per hour.)
The number of bitcoins generated per block is set to decrease geometrically, with a 50% reduction every 210,000 blocks, or approximately four years. The result is that the number of bitcoins in existence will not exceed slightly less than 21 million.
Speculated justifications for the unintuitive value “21 million” are that it matches a 4-year reward halving schedule; or the ultimate total number of Satoshis that will be mined is close to the maximum capacity of a 64-bit floating point number. Satoshi has never really justified or explained many of these constants.
Cumulated bitcoin supply
This decreasing-supply algorithm was chosen because it approximates the rate at which commodities like gold are mined. Users who use their computers to perform calculations to try and discover a block are thus called Miners.
In a first, Bitcoin developers have done something amazing amid the criticism over the lightning network and issues associated with it. A team of developers has made an international payment using the radio … Continue reading International payment using the radio waves→
My inspiration for this page was given to me by my new aquired friend, a fellow Truth Seeker – Joris and to whom I dedicate this page… Wish you… as well as to … Continue reading Discipline Quotes→
Bitcoin white paper turns 15 and the Legacy of Satoshi Nakamoto lives on. โIโve been working on a new electronic cash system thatโs fully peer-to-peer, with no trusted third party,โ Satoshi Oct. 31, … Continue reading Bitcoin White Paper turn 15→
In a first, Bitcoin developers have done something amazing amid the criticism over the lightning network and issues associated with it. A team of developers has made an international payment using the radio … Continue reading International payment using the radio waves→
My inspiration for this page was given to me by my new aquired friend, a fellow Truth Seeker – Joris and to whom I dedicate this page… Wish you… as well as to … Continue reading Discipline Quotes→
Bitcoin white paper turns 15 and the Legacy of Satoshi Nakamoto lives on. โIโve been working on a new electronic cash system thatโs fully peer-to-peer, with no trusted third party,โ Satoshi Oct. 31, … Continue reading Bitcoin White Paper turn 15→