📍Privacy is Personal Security:
Privacy plays a crucial role in ensuring personal security and protecting individuals from unwarranted scrutiny.
Privacy provides a sense of security.
📍Justice and Privacy:
Privacy enhances justice within societies by eliminating biases and moral judgments based on individual distinctions.
We're the only thing that can protect us and the only way to protect anyone is to protect everyone.
📍Security vs. Crime:
Security is more than just the absence of crime; it encompasses the presence of justice and fairness. Safe societies are built on principles of justice, starting with the rights of individuals. Therefore, privacy is essential for individual safety.
📍National Security vs. Public Safety:
The security offered by a nation or country, known as "National Security," is not synonymous with public safety and does not necessarily ensure the security of society's individuals. 'National Security' is State security.
📍Privacy as a Fundamental Right:
Privacy is a foundational human right that underpins other rights. It empowers individuals to control their personal information and maintain autonomy.
Privacy is the power to selectively reveal oneself to the world.
📍Exercising Human Rights:
Like muscles, human rights, including privacy, require exercise to remain strong. Neglecting them may lead to their erosion over time.
Privacy is not the antithesis of security. Privacy is security!
#Bitcoin #PrivacyMatters 🧡
'THE SHEEP WILL SPEND ITS ENTIRE LIFE FEARING THE WOLF, ONLY TO BE EATEN BY THE SHEPHERD.'
African Proverb
#Bitcoin
'I disapprove of what you say, but I will defend to the death your right to say it.'
-Evelyn Beatrice Hall
'FAST FORWARD TO 2136: HUMANITY HAS RETURNED TO THE COSMOS, LEAVING BEHIND THE LEGACY OF BITCOIN, TIRELESSLY OPERATING.
AT BLOCK 6,720,000, WE WITNESS THE MONUMENTAL #32 HALVING EVENT, USHERING IN THE 33RD REWARD ERA. IN THIS ERA, THE STAKES ARE UNLIKE BEFORE: EACH BLOCK SUBSIDY A MERE 0.00000001 BTC (1 SATOSHI), TOTALLING A MINTING MARVEL OF 0.00210000 BTC (210,000 SATOSHIS) FOR THE ERA.
BITCOIN'S RELENTLESS BEAT MARCHES ON, A TESTAMENT TO THE INGENUITY OF THOSE WHO ARE NOW STARDUST.'
#Bitcoin #BitcoinHalving
the halving party… 🥳
#Bitcoin
#Bitcoin Halving
Bitcoin is about to perform the fourth cut-in-half of currency creation rate (halving) at block height 840,000 and is expected to happen around the 20th of April, 2024.
Bitcoin’s data structure is an ordered chain of blocks where each block is linked to the previous one. 🟧🔗🟧🔗🟧
Bitcoin are minted during the creation of each block at a fixed and decreasing rate. Each block, generated on average every 10 minutes, contains completely new bitcoin, created from scratch through a transaction called a ‘coinbase transaction.’
📌What means halving?
The halving is an event where the currency creation rate is cut in half. From that block forward, miners will receive only 50% of the newly minted bitcoin they used to earn as a reward for their mining efforts, also known as the 'block subsidy.'
📌When does a halving occur?
The halving occurs every 210,000 blocks, that is, approximately every 4 years. At the beginning of Bitcoin, the block subsidy was 50 Btc per block, which is called Reward Era #1. Then at block 210,000, the first halving occurred and the currency creation rate decreased by 50% (50₿/2 = 25₿).
📌Reward Eras
Whenever a halving occurs, a new Reward Era begins. We are currently experiencing the Reward Era #4.
The first Bitcoin block occurred on 3rd January 2009, with block height 0, also known as the ‘Genesis block.’
📌Below is a series of halvings and Reward Eras:
Reward Era #1
Block subsidy 50₿
Block 0 - 209,999
Halving 1
Block 210,000
Timestamp 28-11-2012 15:24:38 (11 years ago)
Block subsidy 50₿/2 = 25₿
Reward Era #2
Block subsidy 25₿
Block 210,000 - 419,999
Halving 2
Block 420,000
Timestamp 09-07-2016 17:46:13 (8 years ago)
Block subsidy 25₿/2 = 12.50₿
Reward Era #3
Block subsidy 12.50₿
Block 420,000 - 629,999
Halving 3
Block 630,000
Timestamp 11-05-2020 20:23:43 (4 years ago)
Block subsidy 12.50₿/2 = 6.25₿
Reward Era #4
Block subsidy 6.25₿
Block 630,000 - 839,999
*present
Halving 4
Block 840,000
ETA 20-04-2024
Block subsidy 6.25₿/2 = 3.125₿
*to happen
Reward Era #5
Block subsidy 3.125₿
Block 840,000 - 1,049,999
*to come
#BitcoinHalving2024 🧡
Power without authority is nothing.
You take away their authority over your money, you are taking away their power over you.
#Bitcoin
Halving 3
Block 630000
Timestamp: 2020-05-11 20:23:43
₿: 12.50 🔪 6.25
Mining Pool: AntPool
*Inscriptions: 0
#Bitcoin 👇
It’s cool that Bitcoin supply is capped, but it’s even cooler that the issuance schedule is completely predictable.😎
#Bitcoin 🧡
Person-to-person interaction is the most primitive form of human relationships, operating without an intermediary and without the need for a hierarchical trust system is our intuitive way of relating.
#Bitcoin brings back "Decentralization" on a global scale.
Bitcoin revitalizes Peer-to-Peer interactions.
#Bitcoin Transactions in a nutshell 🤯:
📌Bitcoin transactions involve both inputs and outputs. This means a single transaction can spend multiple coins (UTXOs) and pay to multiple recipients.
📌Transaction outputs are programmable. It's the sender's wallet that determines which program to place on an output, which in turn determines what's required to spend the coins. Bitcoin is programmable money.
📌All transactions in Bitcoin can be traced back to one or more coinbase transactions, which is the only way new coins are issued in Bitcoin.
🧡
#Bitcoin
Ask for Bitcoin, and get advice Ask for advice, get Bitcoin twice
I'm from the dirty, but that chico nice
Y'all call it a moment, I call it life One day when my light is glowin'
I'll be in my castle golden
But until the gates are open
I just wanna feel this moment
Whoa-oh-oh, I just wanna feel this moment
Whoa-oh-oh, I just wanna feel this moment…🎶🎼🎵
#Bitcoin
'We are frightened to be simple. We want things to be complicated. The more things are complicated, the more we think we are intellectual. We are never simple. We don't know how to look at things very, very simply. When you can look at things very simply, you are beyond all the intellectuals. Then you see something real - it's yours, not cooked up by the brain.'
-Jiddu Krishnamurti
Did you know?
Even if all the world's energy, resources, and computing power were directed towards mining #Bitcoin, the creation of new coins would not speed up. Thanks to the difficulty adjustment algorithm, block times are maintained at an average of 10 minutes.
This algorithm ensures the preservation of the coin issuance schedule and transaction confirmation, making what the protocol can offer predictable; for example, we can estimate that the total number of bitcoin coins of 21 million will be reached in the year 2140.
🧡
#Bitcoin halving 4:
Block Height: 840000
Difficulty Epoch: #416
Block Subsidy: ₿ 3.1250
Reward Era #5: 840000 - 1049000
Btc Minted: ₿ 656250.00
Btc Increase: 3.3333%
ETA: 20 April 2024
'A free human being can never belong to a country, class or type of thinking. Freedom means freedom at every level, right through, and to think only along a particular line is not freedom.
It is very important to be free, not only at the conscious level but also deep inside.'
-Jiddu Krishnamurti
#Bitcoin halving 4:
Block Height: 840000
Difficulty Epoch: #416
Block Subsidy: ₿ 3.2150
Reward Era #5: 840000 - 1049000
Btc Minted: ₿ 656250.00
Btc Increase: 3.3333%
ETA: 20 April 2024
#Bitcoin
