Bitcoin Security:
✅Crazy large numbers
✅ ECDSA
✅ Private key set up
✅ Private key management tools
✅ UTXOs stored on widely distributed nodes
✅fee market: responsively resistant to attacks
✅ coin emission and time stamping via POW
✅ node consensus enforcing monetary policy
✅voluntary updates with backwards compatibility
✅ mining incentives: soaking up low cost energy
✅ energy producers
✅humans who embrace personal responsibility
McCoy
McCoy@primal.net
npub18y33...x5t7
Bitcoin
NOSTR block 768722
Best money wins.
There will be a winner.
Sequence setting: 0xFFFFFFFD = enables both the locktime and RBF
5 sats/vbyte incoming
a1075db55d416d3ca199f55b6084e2115b9345e16c5cf302fc80e9d5fbf5d48d
Learnmeabitcoin.com - check it out
Witness TXID and why OP_RETURN, how OP_RETURN.......
wTXID = HASH256([version][marker][flag][inputs][outputs][witness][locktime])
What is adjusted vsize?
Bitcoin blocks have two independent consensus-enforced resource constraints - a 4MWU weight limit, and the 80,000 sigop limit.
One day, my hard work and savings mindset will be upping my sats/vbytes - out bidding the latest spammers/scammers, degens, *censorers* - to transact.
I’m betting on the POW digital system to store my work AND I’m WORKING in the real world. Earn. Save. Outcompete those not bringing value.
I’m confident there are more highly productive, hard-working, bitcoiners, and bitcoin companies, than those seeking the easy path.
They will run out of resources.
LFG.
Work. Provide value to others. Spread less than you earn. Save in Bitcoin. Practice and preach personal responsibility - with your work, your family, your private keys.
This is a solid strategy. It is becoming more critical every year.
One day (?soon) it will be so critical that those who can’t do the above literally won’t make it.
Large numbers
+
Cryptography
+
Computational Proof using energy
+
DA POW
Solved:
#1. Coin emissions w/o seignorage
#2. Coordination =
Consensus =
Time stamping
🔥
Run your own node. Verify for yourself.
Secure your own private keys.
Opt in to the future.
Opt out of the past.
Even old guys can do it.
You young bucks have no f-n excuse.
Don’t let the boomers get all the bitcoin.
@Gigi note/reply showing a graphic of …..
“What I know”
“What I’m able to communicate”
“What someone listening understands”
Any help finding this note/reply appreciated.
🙏
Information wants to be free.
Information that is broadly valuable to humans WILL BE FREE.
Not that worried about the latest *attacks* the honey badger is built for hostility.
Time is on our side.
A bit worried about staying healthy and lucid enough to remember my private key set up….
