GM! This is a shitpost

Tim May in 1992 (!), Cypherpunks mailinglist (thanks @Aaron van Wirdum for reminding us in the Genesis Book)

Scenario for a Ban on Cash Transactions

We are all fiatjaf

What is the cumulative total number of hashes computed by all the bitcoin miners of the world since the beginning of times (i.e. genesis)? My rough estimate: 3.84e28 Which is high enough that finding a hash with 24 leading zeros becomes quite likely. (The smallest hash found so far is of block 756951 with 24 zeroes

The Mempool Open Source Project®

Explore the full Bitcoin ecosystem with The Mempool Open Source Project®. See the real-time status of your transactions, get network info, and more.

X (formerly Twitter)

Wicked (@w_s_bitcoin) on X

#Bitcoin block 756951 has the lowest SHA256 hash to date: 0000000000000000000000005d6f06154c8685146aa7bc3dc9843876c9cefd0f. Generating a hash this ...

My estimate is just summing up the last 6 years with an estimate avg hashrate for the year)

Like someone who was born on Feb 29, Bitcoin has a birthday only every 4th year! /the-fourth-halving/

My little pre-halving mining economics explainer: The two most important numbers for mining economics -- total global hashrate and bitcoin price -- have changed drastically over the years. However, one measure, the 'hash price' is more stable. It estimates the daily revenue from a 1 TH/s mining capacity, in dollar terms. For most of the 5+ several years, it has been in the 0.06 -- 0.12 range (higher during peak bull market periods). If hash price stays above 0.06, most miners will be OK. Currently it is 0.108, after the halving it will be, well, halved, to 0.054. I expect it will creep back to above 0.06 soon, by some mild drop in hashrate and some NgU. Things balance out.

It's relatively easy to create a random, 'raw' BIP39 passphrase, without using any computer, using a coin or a dice (e.g. 132 flips or throws with an unbiased item). But can you compute the correct last word (it includes the checksum) on paper? Can you derive a bitcoin address from the passphrase on paper? Or do you need to trust some chip, some CPU, with whatever inside? I'm working on a solution...

BOIB: Bitcoiner Only in Bullrun. A person who likes to identify as bitcoiner only during bullruns (typical example: Pomp).

No statement in economics can be independent from politics.

GM frens States profit from the people MORE than people profit from the state

I've sacrificed a fish-can to testdrive

BitCan: DIY Bitcoin Seed Storage

seed storage. Both stamping and decoding went quite smooth. All using only common household items. #BitCan

First unverified and unverifiable rumors about BtcAzores'24 taking place in Terceira spotted in the wild

They actually used one entire block to draw their logo? Using OP_RETURNs as pixels? It's sick, though technically beautiful.

The Mempool Open Source Project®

Explore the full Bitcoin ecosystem with The Mempool Open Source Project®. See the real-time status of your transactions, get network info, and more.

Blockchain vs. Timechain Shitcoins compromised the word blockchain big time. But that's a weak argument for me to switch to 'timechain'! It's true that Satoshi used the timechain term as well, and it has to do with time a lot, but the word blockchain and block is just much more deeply rooted in bitcoin software. Period. I don't give a fuck about shitcoin projects, and changing my ways as a reaction to their action is an acknowledgment. Switching to timechain seems like a woke thing. Blockchain it stays.

A like events where people ID by github handle, not twitter handle

Don't co-opt. Opt out!!!

I noticed lately Testnet blocks often do not include all pending TXs. Testnet miners, what's going on?

I share some thoughts on accepting bitcoin. I like to pay for things in bitcoin, I always prefer the shops that accept bitcoin, I think circular economy is important. Yet I think it's not the most important goal. Why? Bitcoin is both a savings and a payment tool. As a savings tool, it has NO ALTERNATIVE for me. As a payment tool, I can use alternatives (even if I don't like them). I know that there are many groups of people who can't, but must of us can. Therefore being a savings tool is a more important feature of bitcoin. We should work towards making bitcoin savings accessible to more and more people: educate and provide tools. I also gave some thought on who is willing most to pay with bitcoin for things, and who is more likely to accept bitcoin. The most likely to want to pay using bitcoin is someone who: - knows about bitcoin -- has some bitcoin savings --- has some bitcoin income The most likely to want to accept payments in bitcoin is someone who: - knows about bitcoin -- has some bitcoin savings, and wants to expand the savings The basis for bitcoin circular economy are all the people who want to save in bitcoin. By working towards enabling more and more people to do so, the wish for bitcoin payments will grow organically (and mostly from the merchants' side). Orangepilling your corner coffeeshop or gym is nice, but it I think it's more important to orange pill your friends to buy bitcoin. The rest will follow, gradually then suddenly.