#BTC_and_₿ A financial asset (a restricted store of value) is NOT the same as a commonly used medium of exchange.

#Bitcoin • Consent is individual. • Consensus is collective. Each one Bitcoin’s End-User (consumer) consents to a particular Bitcoin Node (Hardware AND Software); consents to participate, acquire, and operate a node; to 'run a node'. Out of this consent, a consensus emerges…

#bitcoin Satoshi Nakamoto regarding arbitrary data storage into the block chain: S. Nakamoto was not a “Bitcoin Maximalist” in the sense “everything implemented in BitCoin”.

Suggestion: Allow short messages to be sent together with bitcoins ?

Suggestion: Allow short messages to be sent together with bitcoins ?

Bitcoin must NOT be changed into Bithereum

#bitcoin Bitcoin must NOT be changed into Bithereum: ₿ under the Bitcoin’s system shall reach the status of MoE; i.e. Money. Then, separate services can be offered against exchanges of ₿: • Instant payment platforms • Data storage platforms • Financial vehicles platforms

#bitcoin “fights” for technical consensus rules are so inherently to Bitcoin, like the warfare between states for the dominance of a particular territory.

#bitcoin Without an initial demand for ‘consensus rules’ checking Bitcoin Node proper ownership/disposition, ₿ can’t become MoE and thus “money”. Proper node ownership means disposition of the hardware AND the software.

Will Bitherium be better than Bitcoin? 🤔 And if better, better at what? 🧐

#bitcoin Bitcoin is an invention using P ≠ NP in a distributed network of instances synchronized by technical consensus rules.

A graphical analogy of the arbitrary data insertion problem. • The amount of data on the left side can tend to infinity • The processing and primary storage of the non-mining node is limited. (Can’t tend to infinity) • The secondary storage capacity on the right side is limited. (Can’t tend to infinity) How could limited resources process and store data that tend its amount to infinity?

#Champion #bitcoin Kill your heroes and become a champion! #Study_BitCoin!

#bitcoin µc (microcent) bc = ₿ µc = (1/1’000) * (1/1’000) * ₿/100

#Bitcoin If the computational processing for the: invalidation rule set checks is not privatized in the interest of the “hobbyist” or “enthusiast” Bitcoin’s participants, then it will be done in the interest of: Mining-Pools. Pfew…

#Bitcoin If the primary and secondary storage for the: UTXO Set and Timechain is not privatized in the interest of the “hobbyist” or “enthusiast” Bitcoin’s participants, then it will be done in the interest of: Mining-Pools. Pfew…

#Bitcoin Instead of using the misnomer terminology “Full” Node, better use these: Nakamoto Nodes: BitCoin 0.01 - Bitcoin-Core 0.13.0 SegWit Nodes: Bitcoin-Core 0.13.1 - Bitcoin-Core 0.20.2 Taproot Nodes: Bitcoin-Core 0.21.0 - v27.1 (and current version until next Soft-Fork).

#Bitcoin #Bitcoin_Core At the current day (Sunday, August the 4th, 2024) The Bitcoin-Core Organization is: 40 %: Brink 20 %: Blockstream 20 %: Chaincode Labs 20 %: BitMEX

#Bitcoin The usage of ₿ as money is also for “enemies”; but “enemies” don’t have any legitimate rights to intrude the property of node owners. GFY arbitrary data insertors

WTF Happened in Feb 2023?

A website dedicated to mitigating spam on Bitcoin.

#Bitcoin Get out of the confusion in regard to the word Bitcoin… Bitcoin: General abstraction of the concept bc: unit of account (also ₿) µc: microcent; subunit of account (also known as Sat) Related terminologies: Bitcoin’s System Bitcoin’s Network Bitcoin’s Software Further terminologies: BTC: exchange rate of bc vs. some fiduciary fiat currency; usually USD (also as ₿/$) BitCoin: the very first Bitcoin’s software authored by Satoshi Nakamoto Bitcoin (Core): Software based on BitCoin and not authored by Satoshi Nakamoto