#bitcoin note of the day ... Proof of work (PoW) makes the cost of writing a block extremely high and the cost of verifying its validity extremely low, almost eliminating the incentive for anyone to try to create invalid transactions. ... Bitcoin can thus be understood as a technology that converts electricity to truthful records through the expenditure of processing power. Those who expend this electricity are rewarded with the bitcoin currency, and so they have a strong incentive to maintain its integrity ... the defense of the Bitcoin network is not just that attacking it has become expensive, but that the attack succeeding renders the attacker's loot worthless. Being an entirely voluntary system, Bitcoin can only operate if it is honest, as users can very easily leave it otherwise. - The Bitcoin Standard G'daystr! 😁

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#bitcoin note of the day ... The real advantage of Bitcoin lies in it being a reliable long-term store of value, and a sovereign form of money that allows individuals to conduct permissionless transactions. - The Bitcoin Standard G'daystr! 😁

I wish I were an OG Whale, just didn't have the vision to take my orange pill in 2008. 😁 🙃 😉 https://www.theblock.co/post/370322/dormant-bitcoin-whale-wakes-up-first-time-in-13-years

#bitcoin #nostr lesson of the day ... "There's nothing like the smell of Bitcoin in the morning." - AmericanHacker Bitcoin, being completely voluntary and relentlessly peaceful, offers us the monetary infrastructure for a world built purely on voluntary cooperation. Contrary to popular depictions of anarchists as hoodie-clad hoodlums, Bitcoin's brand of anarchism is completely peaceful, providing individuals with the tools necessary for them to be free from government control and inflation. It seeks to impose itself on nobody, and if it grows and succeeds, it will be for its own merits as a peaceful neutral technology for money and settlement, not through it being forced on others. - The Bitcoin Standard

#bitcoin #nostr lesson of the day ... Bitcoin, and cryptography in general, are defensive technologies that make the cost of defending property and information far lower than the cost of attacking them. It makes theft extremely expensive and uncertain, and thus favors whoever wants to live in peace without aggression toward others. - The Bitcoin Standard Have a wonderful day! 😁

#bitcoin #asknostr @Jor Let's call the whole thing off 😁 Long O or short O? Let me know in the comments ... source:

#Bitcoin lesson of the day ... The digital revolution will destroy the power of the modern state over its citizens, reduce the significance of the nation-state as an organizing unit, and give individuals unprecedented power and sovereignty over their own lives. - The Bitcoin Standard

#Bitcoin lesson of the day ... Bitcoin allows humans to transport value digitally without any dependence on the physical world, which allows large transfers of sums across the world to be completed in minutes. The strict digital scarcity of the Bitcoin tokens combines the best elements of physical monetary media, without any of the physical drawbacks to moving and transporting it. Bitcoin ... the best technology for saving ever invented. - The Bitcoin Standard

#asknostr Why can't you edit notes? Am I missing something? I misspell or fat-finger words all the time, I need to edit!!! Happy Friday nostr - #Bitcoin lesson of the day ... Around the year 2140 there will be no new supply of Bitcoin, and the stock-to-flow ratio becomes infinite, the first time any commodity or good has achieved this. - The Bitcoin Standard

Happy Friday nostr - #Bitcoin lesson of the day ... Around the year 2140 there will be no new supply of Bitcoin, and the stock-to-flow ration becomes infinite, the first time any commodity or good has achieved this. - The Bitcoin Standard

#Bitcoin lesson of the day ... Bitcoin's immutable monetary supply makes it the best medium to store the value produced from the limited human time, thus making it arguably the best store of value humanity has ever invented ... Bitcoin is the cheapest way to buy the future, because Bitcoin is the only medium guaranteed to not be debased, no matter how much its value rises. - The Bitcoin Standard

#Bitcoin lesson of the day ... "... the technical accomplishment that is Bitcoin ... there can only ever be 21 million bitcoins in existence. There is no technical possibility for increasing the supply to match the increased demand. Should more people demand to hold Bitcoin, the only way to meet the demand is through appreciation of the existing supply. Because each Bitcoin is divisible into 100 million satoshis, there is plenty of room for growth of Bitcoin through the use of ever-smaller units of it as the value appreciates. This creates a new type of asset well-suited for playing the role of store of value. - The Bitcoin Standard