R&D, wisdom, knowledge, curiosities, answers and many more questions ๐๐คฃ๐
You have a Choice !!!Power to the People !!! Wake the F… Up !!! No more excuses, you have a choice now !!!WHO as in WORLD HEALTH ORGANISATIONP F I Z E Rย InsiderPoem of the LegacyBeing Curious…Of course it doesn’t comply…The Problem with centralized Social-Media10 Principles of Strategic LeadershipGlobal Reserve CurrencyPsychology of a Market CycleSuccessSuccessTriangle of SuccessDon’t plan for travelling when old…๐๐ณ๐Be like a Tree…If anyone understands this please enlighten me too ๐๐คญ๐คhttp://www.revelationtimelinedecoded.comESGFor those that think WE are the Center of the Universe ๐คฃ๐ ๐Confident vs. Insecure PeopleDay by day…Managing Complex ChangeThe Cone of LearningThe Hero’s JourneyElectromagnetic Field of the HeartI-ChingLanguage creates RealitySex Organs of the Machine WorldPhilosopher’s StoneIsaac NewtonAbracadabraSingularityMulti-Mind Thought Control Process APPLE INC.RetrocausalityCERNEGOSYSCOIN ECOSYSTEMJagSteinSysCoinBitcoin might bury FIAT ๐ ๐คญ ๐DEFI Ecosystem on EthereumDeFi StackBitcoin Mining Ecosystem Map…the other 6 BillionbitcoinThis is about the other 6 Billion…Top NFT ProjectsBusiness CyclesCentral’s Bank’s 3 StrategiesGlobal DebtDefender of the FlowerFlower of LifeSacred GeometrySeed & Flower of LifeKnowledge – An Antidote to FearJOIN THE REVOLUTION ๐ ๐คฃ ๐Emotion – Judgement – Action…violent recolution inevitable.E S B IEvery generation…LOVE YOUR RAGE NOT YOUR CAGERevolutionThe Times – January 3, 2009REVOLUTIONBitcoin Genesis Block – 03 January 2009Introduction to BitcoinIntroduction to Decentralized FinanceIntroduction to Digital CurrenciesAll Metals We MinedMap to Multiplication Nikola TeslaTop VC’s Investing in BlockChain CompaniesAthmospheres of the Solar SystemGlobal GDP 2021Map of CyberSecurity Domains21 QuestionsSix Innovation ModelsWhat May Happen in the next 100 YearsAbstract – “…to pull the body out of dimension so that the person can walk through solid objects such as wooden doors.” Okay ๐คฏ ๐ณ ๐คฏ ?ยฟ?China’s Social Credit SystemBlockchain Platforms Comparison (BCP)ARISE
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→
Syscoin combines the best of both worlds to bring you a network to build the most secure, reliable, and fastest Web 3.0 applications.
Open-Source Protocol
Syscoin is a decentralized and open source project founded in 2014 by the founders of Blockchain Foundry, who remain Syscoin’s core developers. The core project has been guided by Syscoin Foundation since 2019.
A Vision of Transformation
We believe the future is stronger together, and that’s why we started with combining the power of Bitcoin and Ethereum, and will continue to build on a roadmap to the most cutting-edge technology.
Syscoin is built to bring prosperity through a protocol that transforms the way we interact with the world. The team builds to disrupt the way we experience the blockchain and how it will connect to affect lives.
With the great power of a decentralized future, comes the responsibility to provide security, functionality, and a roadmap to create a growing, collaborative future.
We build to be the protocol that you, your family, and your community trust everyday.
Cutting-edge research to help you.
Syscoin gives you the best of Bitcoin + Ethereum all in one place to build the most ambitious Web 3.0 applications.
Syscoin Foundation
The Syscoin Foundation is the official body representing Syscoin Platform. The board is broadly responsible for the growth and adoption of the platform, and its members play a guiding and steering role in its development.
Jag Sidhu Foundation President Lead DeveloperMichiel Foundation Vice President Project ManagerWilly Ko Foundation Treasurer DeveloperBrad Hammerston Foundation BoardChris Foundation Board Marketing & RelationsBradley Foundation Board Marketing & Social MediaSebastian Dimichele Foundation BoardAlex Foundation Board
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→
Power to the People No more Excuses You have a Choice NowCode is LawThis is about the other 6 billion…Arise, you have nothing to lose but your barbed wired fences !!!Veritas non Auctoritas…Choose!FreedomLet the Bitcoin seed thrive…Bitcoin – People’s MoneyPeaceLoveBitcoin cannot be Shut DownVeritas non AuctoritasWhen you’re Ready…
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Your generosity is ๐ ly appreciated
You can donate in any crypto your ๐ desires ๐
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→
Totalitarianismย is aย form of governmentย andย political systemย that prohibits all opposition parties, outlaws individual opposition to theย stateย and its claims, and exercises an extremely high degree of control and regulation over public and private life.
It is regarded as the most extreme and complete form ofย authoritarianism.
As aย political ideologyย in itself, totalitarianism is a distinctly modernistย phenomenon, and it has very complex historical roots. Philosopherย Karl Popperย traced its roots toย Plato,ย Georg Wilhelm Friedrich Hegel‘s conception of theย state, and the political philosophy ofย Karl Marx, although Popper’s conception of totalitarianism has been criticized in academia, and remains highly controversial.
“Man has become the master of the world, a master unbound by any links to nature, society, and history.”
In the 20th century, the idea of absolute state power was first developed byย Italian Fascists, and concurrently in Germany by a jurist andย Naziย academic namedย Carl Schmittย during theย Weimar Republicย in the 1920s.
Benito Mussolini, the founder of Italian Fascism, defined fascism as such: “Everything within the state, nothing outside the state, nothing against the state.”
Schmitt used the termย Totalstaatย (lit.โ’Total state’) in his influential 1927 work titledย The Concept of the Political, which described the legal basis of an all-powerful state.
Totalitarian regimes are different from otherย authoritarianย regimes, as the latter denotes a state in which the single power holder, usually an individual dictator, a committee, aย military junta, or an otherwise small group of political elites, monopolizes political power.
A totalitarian regime may attempt to control virtually all aspects of social life, including the economy, the education system, arts, science, and the private lives and morals of citizens through the use of an elaborate ideology. It can also mobilize the whole population in pursuit of its goals.
Historianย Robert Conquestย describes a totalitarian state as a state which recognizes no limit on its authority in any sphere of public or private life and extends that authority to whatever length it considers feasible.
Totalitarianism is contrasted withย authoritarianism. According to Radu Cinpoes, an authoritarian state is “only concerned with political power, and as long as it is not contested it gives society a certain degree of liberty.”
Cinpoes writes that authoritarianism “does not attempt to change the world and human nature.”
In contrast,ย Richard Pipesย stated that the officially proclaimedย ideologyย “penetrating into the deepest reaches of societal structure, and the totalitarian government seeks to completely control the thoughts and actions of its citizens.”
Carl Joachim Friedrichย wrote that “[a] totalist ideology, a party reinforced by aย secret police, and monopolistic control of industrial mass society are the three features of totalitarian regimes that distinguish them from other autocracies.”
Rijndael is a family of ciphers with different key and block sizes. For AES, NIST selected three members of the Rijndael family, each with a block size of 128 bits, but three different key lengths: 128, 192 and 256 bits.
The algorithm described by AES is aย symmetric-key algorithm, meaning the same key is used for both encrypting and decrypting the data.
In the United States, AES was announced by the NIST as U.S.ย FIPSย PUB 197 (FIPS 197) on November 26, 2001.
This announcement followed a five-year standardization process in which fifteen competing designs were presented and evaluated, before the Rijndael cipher was selected as the most suitable.
AES is included in theย ISO/IECย 18033-3ย standard. AES became effective as a U.S. federal government standard on May 26, 2002, after approval by the U.S.ย Secretary of Commerce.
AES is available in many different encryption packages, and is the first (and only) publicly accessibleย cipherย approved by the U.S.ย National Security Agencyย (NSA) forย top secretย information when used in an NSA approved cryptographic module.
Andreas M. Antonopoulosย (born 1972 in London) is a British-Greek Bitcoinย advocate, tech entrepreneur, and author.
He is a host on theย Speaking of Bitcoinย podcastย (formerly calledย Let’s Talk Bitcoin!) and a teaching fellow for theย M.Sc.ย Digital Currencies at theย University of Nicosia.
Antonopoulos was born in 1972 in London, UK, and moved to Athens, Greece during theย Greek Junta.
He spent his childhood there, and at the age of 17 returned to the UK.
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→
For the first time in human history there is at the disposal of the masses a tool that eliminates the middlemen and takes trust from the hands of humans and beautifully makes it a mathematics code that cannot be breaken, hacked or tricked…
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→
“Bitcoin actually has the balance and incentives right, and that is why it is starting to take off. “
Julian Assange
Bitcoin has the balance and incentives right
” It isnโt obvious that the world had
to work this way.
But somehow the universe smiles
on encryption.โ
Julian Assange
The universe smiles on encryption
” The innovation is that BTC
is hard to shut down. […]
Designed from the ground up
to survive under the most
adversarial conditions. “
Hasu
Bitcoin is hard to shut down
” Bitcoin is the most successful
privacy coin to date. “
Pierre Rochard
Most successful privacy coin to date
” Bitcoin is a technological innovation that happens once a species. “
Trace Mayer
Technological innovation that happens once in a species
” Bitcoin doesnโt care about
who you are or what your feelings are.
Bitcoin represents equal opportunity
to participate in a systemnot encumbered by our
legacyfiat structures. “
White Rabbit
Participate in a system not encumbered by FIAT
” We’re here to unfuck the money
and there’s no stopping us.
Fix the money, Change the World. “
White Rabbit
Fix the money, change the world
” Hardly anybody actually
understands money. “
Nick Szabo
Nobody understands money
” When you have a disruptive technology, they call it a category killer.
Bitcoin is a serial killer – itโs going to go through 40 or 50 different industries. “
Dan Morehead
Bitcoin is a serial killer
” It’s 21 Million or Death.”
Robert Breedlove
21 million or death
” It might make sense just to get some
in case it catches on. “
Satoshi Nakamoto
In case it catches on
” Trusted third parties are
security holes. “
Nick Szabo
Trusted third parties
” There are only going to be
21 million coins, there are
billions of people in the world,
some reasonable percentage
of who might find it interesting
to own a piece of Bitcoin.”
Adam Back
21 million coins
” I think itโs essential for a program of this nature to be open source. “
Satoshi Nakamoto
Open Source
” SHA-256 is very strong.
Itโs not like the incremental step
from MD5 to SHA1.
It can last several decades
unless thereโs some massive breakthrough attack. “
Satoshi Nakamoto
Sha-256
” Code mixed with robust
game theory is superior
to hierarchical command and control. “
โญoinsure
Code superior to hierarchical command and control
” Given that money is one half
of every commercial transaction and that whole civilizations literally
rise and fall based on the quality of their money, we are talking about
an awesome power, one that
flies under the cover of night. “
Ron Paul
Money…an awesome power
” The world has to adapt to bitcoin,
not the other way round. “
Herzmeister
The world has to adapt to bitcoin
” When I first bought bitcoin it took me two years of speculation to understand what Bitcoin really was.
But once I fully had a grasp of it,
it was life altering. “
Russell Okung
Bitcoin is life altering
” Many countries stand to gain from Bitcoinโs adoption as it would remove their dependence on the US dollar and provide them with a feasible alternative. “
Misir Mahmudov
Bitcoin a feasible alternative to the US $
” Bitcoin is a optimist bet on the future, a bet on human ingenuity.
Gold is a pessimist bet on the past and, often a bet the end of civilization. “
Rodolfo Novak
Bitcoin a bet on human ingenuity
” Everyone has got to believe in something.
Why not believe in something verifiable and unforgeable. “
Hass McCook
Believe in something Verifiable and Unforgeable
” Open source software is a meritocracy of ideas, not of people.
So people are always talking about
“Who controls Bitcoin?”
Good ideas control Bitcoin.
Not people.”
Ben Prentice
Good ideeas control Bitcoin
Bitcoin is a seed of hope in a society which lost vision years ago and perspective just recently. “
Kim Neunert
Bitcoin a seed of hope
” Bitcoin has an inescapable, unavoidable, and omnipotent magnetism for the brightest and most revolutionary minds on the planet.
I’ve never witnessed anything like it. “
Brandon Bridge
Bitcoin’s magnetism
” This is why proof of work needs
to be expensive, if it is cheap you can roll back things easily.
You want it to be very difficult to change history.
The only way to make it difficult to change history is to make the
process of writing the current
history very expensive. “
Jimmy Song
Difficult to Change History
” Bitcoin is like gold but with this magical abilitythat
you can teleport it.”
Vijay Boyapati
Bitcoin magical ability to teleport it
” Can Bitcoin be stopped?
“Not really, this thing is a beast.
As Mises wrote:
Ideas can only be overcome by other ideas. “
Trace Mayer
Bitcoin Cannot Be Stopped
” I’m not here to fix Bitcoin. “
Michael Saylor
Fix bitcoin
” Buying bitcoin is the most powerful protest an individual can make against the current economic system. “
Luc Dossis
Buying bitcoin is the most powerful protest
” These numbers have nothing to do with the technology of the devices;
they are the maximums that thermodynamics will allow.
And they strongly imply that brute-force attacks against 256-bit keys will be infeasible until computers are built from something other than matter and occupy something other than space. “
Bruce Schneier
Maximums that thermodynamics will allow
” Cryptocurrency is such a powerful concept that it can almost
overturn governments. “
Charles Lee
Cryptocurrency can almost overturn governments
” Bitcoin will do to banks what
email did to the postal industry. “
Rick Falkvinge
Bitcoin is the email for the postal industry
” I do think Bitcoin is the first [encrypted money] that has the potential to do something like change the world. “
Peter Thiel
Bitcoin has the potential to change the world
” Bitcoin is the most important invention in the history of the world since the Internet. “
Roger Ver
Bitcoin the most important invention in the history since the Internet
” Gold is a great way to preserve wealth, but it is hard to move around.
You do need some kind of alternative and Bitcoin fits the bill. “
Jim Rickards
Bitcoin fits the bill as a way to preserve wealth
” You canโt stop things like Bitcoin.
It will be everywhere and the world will have to readjust.
World governments will have to readjust. “
John McAfee
Bitcoin will be everywhere and the world will have to readjust
” I think the fact that within the bitcoin universe an algorithm replaces the function of the governmentโฆ is actually pretty cool. “
Al Gore
An algorithm replaces the function of government
People have made fortunes off Bitcoin, some have lost money.
It is volatile, but people make money off of volatility too. “
Richard Branson
Some Lost, some Won with Bitcoin
” The ability to create something which is not duplicable in the digital world has enormous valueโฆ
Lotโs of people will build businesses on top of that. “
Eric Schmidt
Create something wich is not duplicable
PayPal had these goals of creating a new currency.
We failed at thatโฆ
I think Bitcoin has succeeded on the level of a new currency, but the payment system is lacking. “
Peter Thiel
Bitcoin Succeeded as a New Currency
” As people move into Bitcoin for payments and receipts they stop using US Dollars, Euros and Chinese Yuan which in the long-term devalues these currencies. “
John McAfee
Bitcoin devalues $ โฌ ยฅ
” Bitcoin is the currency of resistanceโฆ
If Satoshi had released Bitcoin
10 years earlier,
9/11 would never have happened. “
Max Keiser
Bitcoin the Currency of Resistance
“At its core, bitcoin is a smart currency, designed by very forward-thinking engineers. “
Peter Diamandis
Bitcoin is a smart currency
” The internet is going to be one of the major forces for reducing
the role of government.
One thing thatโs missing but that
will soon be developed,
is a reliable e-cash. “
Milton Friedman
E-Cash
” Bitcoin is a technological
tour de force. “
Bill Gates
Tour de force
” If you donโt believe it or donโt get it,
I donโt have the time
to try to convince you, sorry. “
Satoshi Nakamoto
Don’t have the time
” WikiLeaks
has kickedthe hornetโs nest,
and the swarm is headed towards us. “
Satoshi Nakamoto
WikiLeaks
” Lost coins only make everyone elseโs coins worth slightly more.
Think of it as a donation to everyone.
Satoshi Nakamoto
Lost Coins
” In a few decades when the reward
gets too small, the transaction fee
will become the main
compensation for [mining] nodes.
Iโm sure that in 20 years
there will either be very large transaction volume or no volume.
Satoshi Nakamoto
Transaction fee
” As computers get faster and the total computing power applied to creating bitcoins increases, the difficulty increases proportionally to keep the total new production constant.
Thus, it is known in advance how many new bitcoins will be created every year in the future.
Coins have to get initially distributed somehow, and a constant rate seems like the best formula.
Satoshi Nakamoto
Coins distribution at a Constant Rate is the best Formula
” Bitcoin is the beginning
of something great:
a currency without a government, something necessary and imperative. “
Nassim Taleb
Bitcoin a Currency Without a Government
” Those who believe in Bitcoin also believe in cleverness. “
Arif Naseem
Believe in bitcoin believe in cleverness
” Bitcoin is the most stellar
and most useful system
of mutual trust ever devised. “
Arif Naseem
Bitcoin a System of Mutual Trust
“Cryptocurrency is freedom,
Banking is slavery. “
Arif Naseem
Cryptocurrency is Freedom
” Our basic thesis for bitcoin
is that it is better than gold. “
Tyler Winklevoss
Bitcoin better than gold
” I think the whole narrative
of blockchain without bitcoin will amount to very little. “
Fred Ehrsam
Blockchain without bitcoin
” Every informed person needs
to know about Bitcoin because
it might be one of the worldโs most important developments. “
Leon Louw
Bitcoin world’s most important developments
” Bitcoin is a very exciting development, it might lead to a world currency.
I think over the next decade
it willgrow to becomeone of the most importantways to pay for things and transfer assets. “
Kim Dotcom (CEO of MegaUpload)
Bitcoin might lead to a world currency
” Bitcoin may be the TCP/IP of money. “
Paul Buchheit (Creator of Gmail)
Bitcoin the TCP/IP of money
” We have elected to put our money
and faith in a mathematical
framework that is free of politics
and human error. “
Tyler Winklevoss (Co-inventor of Facebook)
Mathematical framework free of politics and human error
” I really like Bitcoin.
I own Bitcoins.
Itโs a store of value,
a distributed ledger.
Itโs a great place to put assets, especially in places like Argentina
with 40 percent inflation,
where $1 today is worth 60 cents in a year, and a governmentโs currency
does not hold value.
Itโs also a good investment vehicle if you have an appetite for risk.
But it wonโt be a currency until volatility slows down. “
David Marcus (CEO of Paypal)
Bitcoin a store of value
” [Virtual Currencies] may hold long-term promise,particularly if the innovations promote a faster,
more secure and more efficient payment system. “
Ben Bernanke (Chairman of the Federal Reserve)
Bitcoin may hold long-term promise
There are 3 Eras of currency:
Commodity based,
Politically based,
and now, Math based. “
Chris Dixon (Co-founder of Hunch now owned by Ebay, Co-founder of SiteAdvisor now owned by McAfee)
Math based currency
” Bitcoin is here to stay.
There would be a hacker uproar to anyone who attempted to take credit for the patent of cryptocurrency.
And I wouldnโt want to be on the receiving end of hacker fury. “
Adam Draper
Bitcoin is here to stay
” Itโs money 2.0,
a huge hugehuge deal. “
Chamath Palihapitiya (Previous head of AOL instant messenger)
Money 2.0
” If there is one positive takeaway
from the collapse of Mt.Gox,
it is the willingness of a new generation of Bitcoin companies to work together to ensure the future of Bitcoin and the security of customer funds. “
Brian Armstrong (CEO of Coinbase)
Future of bitcoin
” Bitcoin seems to be a very
promising idea.
I like the idea of basing security on the assumption that the CPU power of honest participants outweighs that of the attacker.
It is a very modern notion that exploits the power of the long tail. “
Hal Finney
Bitcoin a promising idea
” Bitcoin enables certain uses
that are very unique.
I think it offers possibilities that
no other currency allows.
For example the ability to spend a coin that only occurs when two separate parties agree to spend the coin; with a third party that couldnโt run away with the coin itself. “
Pieter Wuille
Bitcoin enables uses that are very unique
” At its core, bitcoin is a smart currency, designed by very forward-thinking engineers.
It eliminates the need for banks,
gets rid of credit cardfees,
currency exchange fees,
money transfer fees,
and reduces the needfor lawyers
in transitionsโฆ all good things. “
Peter Diamandis
Good things
” There is so much potential โฆ
I am just waiting for it to be
a billion dollar industry.โ
โ Wow, Silk Road actually works โ
Charlie Shrem
Silk Road actually works
Andreas AntonopoulusPlant the Seed… Don’t buy to get Rich… Educate Yourself !!! Then Educate Others !!!The sooner you accept the Truth, The better you will build upon it !!!You have a choice now !!!
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If so, please consider a donation to help the evolution and development of more helpful articles in the future, and show your support for alternative articles.
Your generosity is ๐ ly appreciated
You can donate in any crypto your ๐ desires ๐
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→
Power to the PeopleNot by Force but by Free WillThe Choice is always YoursArise…Choose Wisely…People do not understand the Monetary SystemPrivacy is not Secrecy.VeritasBitcoin cannot be ShutDownPower of the long tailCypherPunks Write Codebitcoin Genesis Block
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→
โA mysterious new technology emerges, seemingly out of nowhere, but actually the result of two decades of intense research and development by nearly anonymous researchers.
Political idealists project visions of liberation and revolution onto it; establishment elites heap contempt and scorn on it.
On the other hand, technologists โ nerds โ are transfixed by it.
They see within it enormous potential and spend their nights and weekends tinkering with it.
Eventually mainstream products, companies and industries emerge to commercialize it; its effects become profound; and later, many people
wonder why its powerful promise wasnโt more obvious from the start.
What technology am I talking about?
Personal computers in 1975, the Internet in 1993, and โ I believe โ Bitcoin in 2014โฆ.
The practical consequence of solving this problem is that Bitcoin gives us, for the first time, a way for one Internet user to transfer a unique piece of digital property to another Internet user, such that the transfer is guaranteed to be safe and secure, everyone knows that the transfer has taken place, and nobody can challenge the legitimacy of the transfer.
The consequences of this breakthrough are hard to overstate.
What kinds of digital property might be transferred in this way?
Think about digital signatures, digital contracts, digital keys (to physical locks, or to online lockers), digital ownership of physical assets such as cars and houses, digital stocks and bonds โฆ
and digital moneyโ.
โ Marc Andreessen, Founder of Netscape & well-known venture capitalist, 2014
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→
Bitcoin is not Abracadabra… but Bitcoin can be Avada Kedavra for the current Banking system!
Bitcoin is not Magic… but it can be for Muggles!
Bitcoin is not an “Investment” … but educating yourself about bitcoin can be!
Bitcoin is not an “Investment”… but knowingย the basics and being educated about it, lowers the chances of loosing your hard earned money!
Bitcoin is not an “Investment”… but staking Sats proved to be a preety good Strategy in the Long Term!
Bitcoin is not digital money… but it’s ons of it’s first applications!
Bitcoin is not money… but is Money for the Internet!
Bitcoin is not PRICE !!!
Bitcoin is not PRICE… but the market is driven mostly by FUD & FOMO people
Fear Uncertainty Doubt
bring the market Down
Fear Of Missing Out
bring the market Up
Bitcoin is not a “Get Rich Quick Scheme” and the one’s that got rich were the one’s that were there from the begining…
Bitcoin is not voodoo people, magic people… but a bunch of smart geeks & nerds that support the bitcoin’s philosophy and what it stands for…
Bitcoin is not under no juridstiction… but it is a global p2p network of like-minded people that with the power of their equipment sustain, mantain and make the bitcoin network stronger and more decentralized!
Bitcoin is not a Coin… but an entry in a digital ledger!
Bitcoin is not illegal activity money… but bitcoin can be used in such activity… Reports show that FIAT is still the No. #1 choice for “Evil Doers” as it doens’t have an public, open and visible ledger … Duh…
Bitcoin is not evil… but bitcoin can be used to do evil! As does a Pen! It can be used to do evil! How, you would ask? Ifย I take this โ and stick it up your a… who is Evil ?!? The One who invented the pen? The Pen? Me? Your a.. cause it was in the way ๐คฃ Perspective is a matter of opinion…
Bitcoin is not News… but instead read pools, github, exchanges, wallets… They are the ones that pave the way where bitcoin could, should or would go!
Bitcoin is not DEAD… It was already declared Dead 441 times!
1 – Bitcoin consumes too much electricity, they don’t understand POW!
2 – Bitcoin isn’t a government backed currency, you should ask who backs their government… If the answer is the Army…
3 – Bitcoin isn’t backed by gold like the the US$… Neither is the $ since ’71
4 – Bitcoin isn’t real because I can’t see it… 80% of world’s money is Digital…
5 – Bitcoin isn’t a store of value as good as Gold is… Gold had thousands of years to prove that, bitcoin only 13… give it time! It already proved a lot !!!
6 – Bitcoin’s inventor is annonymous and can’t be trusted… Who invented money then? How do money come up into existance?
7 – Bitcoin will never be largely accepted because it isn’t issued by a government… You know what else wasn’t issued by no government ? Cars, Electricity, Steam Engine, Facebook, Uber, Google, Amazon, etc bla bla bla
8 – Bitcoin can’t be a currency cause I can’t buy anything with it… I think I have shared a list with places that you can buy things with bitcoin…Quite a few!!!
9 – Whales… Beware of yapidi yap of whales cause they say one and do the opposite ๐ ๐ !!!
9 – Bitcoin is not this, bitcoin is not that but they all swarm around the bee’s honeypot as if it were honey ๐คฃ๐คฃ๐คฃ
I forgot…In the meantime, little unsignificant countries like El Salvador, mine bitcoin with ๐ !!!
And still newspapers, investors that bite their whatever not having invested when it was under $1, and a hole portion of the world are all saying…
Etc bla bla bla Yapidi Yapidi Yap
Never Forget The Golden Rules:
Not Your Keys, Not Your Crypto!!!
Don’t Trust, Verify!!!
Don’t Believe, Do your own Resesearch and due diligence!!!
Save your Wallet’s Mnemonic Phrase in at least 3 places for safe-keeping!!!
WE ARE SATOSHI
When you’re ready…Timothy C. MayHal Finney
Poem of the Legacy
From the ashes of the long forgotten past, A bright mind wrote a code that would for ever last… A code so powerful and strong, That would change the world for oh so long…
The code he wrote and set it free, For the humankind legacy to be… To change the lives of future generations to come, He wrote the code and he was gone…
Oh, bright mind your legacy will last, For generations to come and be thankful about the past… Nobody knows who you might be, Some do and say Kudos to You for Ethernity!
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Mining Pool Payouts explained: PPS vs. FPPS vs. PPLNS vs. PPS+
What is a Mining Pool?
Mining Pools
A Mining pools is a hub where a group of Crypto currency miners share their processing power to the network in order to solve the blocks quicker.
The rewards will be split equally based on the amount of shares that they contributed in finding a block.
Pool mining was introduced during early Bitcoin mining days when solo mining became non-viable.
The more powerful your hardware is, the more shares youโll submit, the more shares you submit, the more youโll earn.
In order for the pool to pay its miners each pool uses its own payment scheme. Two of the most popular option is PPS and PPLNS.
Pay-Per-Share (PPS)Pay-Per-Last-N-Shares (PPLNS)
The first thing a miner has to decide is which pool mining payout is best for their requirements.
PROPย (proportional),ย FPPSย (Full Pay Per Share),ย SMPPSย (Shared Maximum Pay Per Share),ย ESMPPSย (Equalized Shared Maximum Pay Per Share),ย CPPSRBย (Capped Pay Per Share with Recent Backpay),ย PPSย (Pay Per Share),ย PPLNSย (Pay Per Last N Share) and lastlyย PPS+ย (Pay Per Share Plus).
Among them PPS and PPLNS are the two types of payment models that are mostly used by mining pools currently. Before we explain both PPS and PPLNS weโll make a short note on mining pool.
There are numerous payment systems (over 15), but the vast majority of the pools operate on a PPS, FPPS, PPS+ and PPLNSbasis.
However, before trying to understand the different settlement models, it is important to come to a consensus on some terms used inย crypto mining.
Block Reward:ย Block reward refers to the new coins issued by the network to miners for each successfully solved block.
Hashing Power:ย Hash rate is the speed at which a computer completes an operation in the cryptocurrencyโs code. A higher hashrate increases a minerโs opportunity of finding the next block.
Luck:ย Luck, in mining, is the probability of success. Imagine that each miner is given a lottery ticket for a certain amount of hashing power they provide. If they are to provide 1 TH/s hashing power when the overall hashing power in the network is 10 TH/s, then they would receive 1 of 10 total lottery tickets. The probability of winning the lottery (in this case finding the block reward) would be 10%.
Transaction Fees:ย Some networks (like Bitcoin) also have substantial amounts of transaction fees rewarded to miners. These fees are the total fees paid by users of the network to execute transactions.
Pay-Per-Share (PPS)
PPS offers an instant flat payout for each share that is solved. With this payment method, a miner gets a standard payout rate for each share completed. Each share is worth a certain amount of mineable cryptocurrency.
After deducting the mining pool fees, the miners are given a fixed income every day. Therefore, under the PPS mode, the returns are relatively stable. Miners are exposed to risk here. They may not get the transaction fees.
It is ideal for low priced orders for an extended period. This model becomes lucrative during a bearish run of a particular coin.
Pay-Per-Last-N-Shares (PPLNS)
With this payout, profits will be allocated based on the number of shares miners contribute. This kind of allocation method is closely related to the block mined out. If the mining pool excavates multiple blocks in a day, the miners will have a high profit; if the mining pool is not able to mine a block during the whole day, the minerโs profit during the whole day is zero.
Notably, in the short term, the PPLNS model is highly correlated with a poolโs luck. If the luck factor of a particular mining pool decreases in the short term, the minerโs income will also decrease accordingly (the opposite case of the mining pool being lucky in the short term is possible too). However, in the long term, the luck factor tends to average out to the mean.
Hence, this model is ideal for fixing orders on a big pool that has a high chance of finding a block within the order time limit. Or a standard order which will have miners connected for a longer time.
Pay Per Share + (PPS+)
PPS+ is a blend of two modes mentioned above, PPS and PPLNS. The block reward is settled according to the PPS model. And the mining service charge /transaction fee is settled according to the PPLNS mode.
That is to say, in this mode, the miner can additionally obtain the income of part of the transaction fee based on the PPLNS payment method. This was a major drawback in the PPS model.
Full Pay Per Share (FPPS)
With this pool payout, both the block reward and the mining service charge are settled according to the theoretical profit. Calculate a standard transaction fee within a certain period and distribute it to miners according to their hash power contributions in the pool. It increases the minersโ earnings by sharing some of the transaction fees.
With the PPS and FPPS payment methods, you will get paid no matter if the pool finds a block or not. This is the most significant advantage over PPLNS. The risks and rewards are higher with the PPLNS plan.
The decision on which mining plan to choose from needs to be preceded by the decision of choosing the right mining infrastructure.
Difference between PPS vs PPLNS payment models?
PPLNS
PPLNS stands for Pay Per Last (luck) N Shares. This method calculates your payments based on the number of shares you submitted during a shift.
It includes shift system which is time based or by number of shares submitted by the miners on the pool.
Your pool may find blocks consistently or in overtime it may have huge variations in winning a block and that ultimately affects your payments. PPLNS greatly involves luck factor and youโll notice huge fluctuations in your 24 hour payout.
If you maintain your mining on a single pool then your payouts will remain consistent and it only differs when new miners join or leave the pool.
PPS
Pay Per Share pays you an average of the number of shares that you contributed to the pool in finding blocks.
PPS pays you on solid rate and is more of a direct method which completely eliminates luck factor.
In PPS method regardless of the pools lucky at winning blocks youโre going to get 100% payout at the end of the day. This is because there is a standard payout set for each miners based on their hash power.
It wonโt be more than 100% or less than that and with this PPS method you can easily calculate your potential earnings.
On the other hand with PPLNS payment system on average you can either get more than 100% or less than that. It is based on how lucky the pool is at finding blocks.
Should I choose PPS or PPLNS?
This is one of the common questions most miners have initially.
Should I choose Pay Per Share or Pay Per Last N Share pools?
If you are the person who donโt switch pools often then PPLNS is definitely for you as such pools are good at rewarding its loyal miners.
Pay Per Share:ย No matter what, if you need a fixed payouts at the end of the day to liquidate or for whatsoever reason then your choice would be PPS.
Pay Per Share works well for large mining farms who can calculate and have statistics based on their mining power.
PPS is good for large miners but really bad for pool owners as there is a guaranteed payout for work no matter if the pool hits the block or not.
For this reason and because of pool hoppers (not loyal miners of the pool) most of the mining pools have switched to PPLNS payment model.
Pay Per Last N Shares: If you are the one that is looking to accumulate and hold more coins then PPLNS is recommended.
For each block that your pool finds youโll get a share based on your hashrate.
Unlike PPS, in PPLNS youโll get payouts more often and in the long run youโll be rewarded more with PPLNS than PPS.
However due to huge variance itโs really hard to calculate your mining income.
PPLNS is good for both mid-range miners and pool owners as the payouts is only based on the blocks found.
If your pool is more luckyย then youโll see payments more often. This is the reason why miners stick to a pool where there is more hash power assuming the pool finds block very often.
You can find more comparison of mining pools payment systemย here.
How to find out if a pool is PPS or PPLNS?
Cryptocurrency mining can be a lucrative process. However itโs very important that you find out what payment scheme your pool is using before committing your hashing power.
Most of the mining pools has this information listed on FAQ page or at payouts page. If youโre unable to find this information then the only option is to contact the pool support.
Hope the information on this page is helpful for you to decide the right mining pool.
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On January 3rd, 2009 Satoshi Nakamoto published the Genesis Block with the first 50 Bitcoins on Sourceforge. He also left a message on the blockchain at the time, quoting the headline in the British newspaper Times:
On January 3, 2009, the minister was on the verge of bailing out the banks.
Nakamoto started writing the white paper in 2008 and published it in October of that year.
The concept of a decentralized, anonymous, trusted currency emerged after the 2008 financial crisis, which left responsibility for the banks.
Satoshi neither supports the modern banking system nor does he like partial reserve banks.
A partial reserve bank is a bank that takes deposits and issues loans or investments, but only has to reserve a fraction of its liabilities for deposits. Basically, the bank is using money that it doesnโt own.
Satoshi wants to get rid of banks and seedy middlemen whom he believes are corrupt and unreliable. As such, he created a more community-centric digital currency.
13 years later, Bitcoin is still going strong with a market cap of nearly $ 900 billion. It is currently held by billionaires, banks, celebrities, governments, and corporations. This is evidence of how far BTC has come in its brief existence.
The precarious banking situation and economic uncertainty are also in crisis again.
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→
BitHouse 