Satoshis Nephew

ATTENTION PIZZA LADY Eventually at most only 21 million coins for 6.8 billion people in the world if it really gets huge. But don't worry, there are another 6 decimal places that aren't shown, for a total of 8 decimal places internally. It shows 1.00 but internally it's 1.00000000. If there's massive deflation in the future, the software could show more decimal places.. #bitcoin #BTC #timechain #digitalcurrency #HODL #satoshi #mining #lightningnetwork

SATOSHI = GENIUS!! The steps to run the network are as follows: 1. New transactions are broadcast to all nodes. 2. Each node collects new transactions into a block. 3. Each node works on finding a difficult proof-of-work for its block. 4. When a node finds a proof-of-work, it broadcasts the block to all nodes. 5. Nodes accept the block only if all transactions in it are valid and not already spent. 6. Nodes express their acceptance of the block by working on creating the next block in the chain, using the hash of the accepted block as the previous hash. #bitcoin

A block header with no transactions would be about 80 bytes. If we suppose blocks are generated every 10 minutes, 80 bytes * 6 * 24 * 365 = 4.2MB per year. With computer systems typically selling with 2GB of RAM as of 2008, and Moore's Law predicting current growth of 1.2GB per year, storage should not be a problem even if the block headers must be kept in memory. BTC>BCH - Ver is crying! #bitcoin

Although it would be possible to handle coins individually, it would be unwieldy to make a separate transaction for every cent in a transfer. To allow value to be split and combined, transactions contain multiple inputs and outputs. Normally there will be either a single input from a larger previous transaction or multiple inputs combining smaller amounts, and at most two outputs: one for the payment, and one returning the change, if any, back to the sender. #bitcoin #perfectdesign #scarcity

We have proposed a system for electronic transactions without relying on trust. We started with the usual framework of coins made from digital signatures, which provides strong control of ownership, but is incomplete without a way to prevent double-spending. To solve this, we proposed a peer-to-peer network using proof-of-work to record a public history of transactions that quickly becomes computationally impractical for an attacker to change if honest nodes control a majority of CPU power. #satoshi #bitcoin #hardmoney

Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts. Their massive overhead costs make micropayments impossible. #lightning #bitcoin #satoshi

Do you believe you should be friends with your co-workers? #asknostr #bitcoin

Climbing Mount Everest typically costs between $30,000 and $100,000, with most expeditions averaging around $40,000 to $60,000 per person. Costs vary based on several factors: • Guided vs. Independent: Guided expeditions, especially with Western operators, are pricier ($60,000-$100,000) due to comprehensive support, experienced guides, and better logistics. Budget operators, often local Nepali or Chinese companies, can cost $30,000-$40,000 but may offer fewer services or safety measures. • Permits: Nepal’s climbing permit costs $11,000 per person (spring season). From the Chinese side (Tibet), permits are around $7,000-$10,000. • Gear and Equipment: High-quality mountaineering gear (clothing, oxygen systems, tents) can run $5,000-$10,000 if not already owned. • Travel and Logistics: Flights to Kathmandu, local transport, and porters/yaks add $2,000-$5,000. • Sherpa Support and Oxygen: Hiring Sherpas ($5,000-$10,000) and oxygen supplies (4-6 bottles at $500-$1,000 each) are significant expenses. • Training and Preparation: Pre-expedition training, including high-altitude climbs, can cost $1,000-$5,000. • Miscellaneous: Visas, insurance, food, and tips for staff add $2,000-$5,000. Luxury packages with premium services (e.g., private guides, better food, or helicopter transport) can exceed $100,000. Costs are lower for experienced climbers skipping guides or gear rentals, but risks increase. Prices fluctuate based on season, operator reputation, and route (South Col vs. North Col). For precise budgeting, check operators like Adventure Consultants or Himalayan Experience, or budget options listed on platforms like Explore Himalaya. Who’s done this? #asknostr

Choosing Bitcoin isn’t about wealth. It’s about building something real for my future family. It’s the hardest money there is, one that comes with strong conviction. #bitcoin

Torn Labrum in my hip - so much fun.. can only see the specialist in 30 days time and I already know the outcome… MRI Operation Rehab 6 months gone and start back at square one! #health #bitcoin

2.7% inflation.. I mean are they having a problem adding numbers correctly.. there is more chance Macron stops blow than that being remotely close to the truth… plus how in the world are those figures actually verified? J Powell cooks the books to ease the decision to cut rates so he can collect his retirement for another week.. #bitcoin

I watched the 7/7 bombings in London and the one that happened in the USA in 1995.. Amazes me how fucked up you have to be to do that shit.. yes I can understand the frustration with governments and law enforcement.. but killing innocent people for the “cause” - yeah no! The 7/7 one in London was religion based but still.. Not everyone is religious nor gives a fuck.. Unfortunately I think these types of events will happen for the foreseeable future because of fiat money being so fucked up. #bitcoin

All governments are scum. Imagine working there and think you actually add value. All you do is extract value and waste your valuable time on planet earth. #bitcoin

I replied to a X tweet today - I kinda to the J Powell of our country he’s a cunt.. might be unemployed but I’ll fight this battle and die on the hill.. #bitcoin

Bought a car - financed it. Wanna take it into another country for a road trip. Bank says unfortunately not sir because the first repayment hasn’t been debited therefore we can’t risk it.. You cannot hate banks more than I do. They all deserve a 2008 crash x10000 - every single one of them! #bitcoin

Sometimes I wonder how much bitcoin people have; does that barista secretly own 7 coins while slinging lattes, or is grandma quietly HODLing a stash on a cold card in her knitting basket? I guess all that matters is how many I hold. Do you ever wonder? #asknostr #bitcoin

Walked about the gym and the big XRP bull from here said - did you hear about ISO20022 on XRP - I said it didn’t happen and will never happen.. the dude is delusional but we might of changed his mind 🤣🤣 #bitcoin

What’s the whole “not financial advise” bullshit on X - has anyone ever actually been sued for saying something financial? Bitcoin isn’t financial advise - it’s save yourself from greedy politicians who don’t give a fuck about you! #asknostr #bitcoin

Dude is $45 000 000 in the hole and wants to raise money! This will age like milk.. buy BTC - sell your prices of shit mall to the banks - let them hold crap! #bitcoin

Guys, we are still very fucking early. Stop trying to trade this thing. Stop worrying about "entry points". ONLY FACTUAL THING FRED HAS EVER SAID.. #BITCOIN