Minneapolis is magic

Bitcoin is such a beast.

@Ainsley Costello really great hearing your story on Swan Cafe today. I was walking around Lake Harriet (Lake in Minneapolis) listening to you. I can't make it to First Ave (been many times, including the party the night Prince died). Keep going. I will go and give you some sats. Remember Prince went by a Symbol for years because of Sony (thus 'slave' story) and exactly what is happening to you all still. Prince would have been a Bitcoiner.

Bitcoin: "Difficulty Adjustment" To me it is fascinating how Satoshi, back in November 2008 said the time between blocks is roughly 10 minutes. Before Bitcoin was released. Not knowing how many computers were out there solving the block for the Bitcoin timechain. I know it has to do with the Difficulty Adjustment but I have been looking for a really good explanation. This Comment was posted on Reddit /bitcoin subreddit a few hours ago. If it isn't any good, please comment and I will compile a better post with your responses. Thank you. https://www.reddit.com/r/BitcoinBeginners/comments/18eyf3d/bitcoin_difficulty_level/ igadjeed · 2 hr. ago TL;DR Difficulty is defined as 1 for Satoshi's original mining target 0x1d00ffff which equates to 4,295,032,833 hashes per block (average) hashes per block = 4295032833 * difficulty Difficulty is a made up number. The winning condition for mining is a block with a header which has a hash less than target. The target is adjusted every 2016 blocks using a simple time ratio formula New Target = Old Target * (Actual Time of Last 2016 Blocks / 20160 minutes) It's easy to see how that formula calibrates target for 10-minute average block intervals A bigger target is easier and vice versa More about target in Antonopoulos, chapter 10 https://github.com/bitcoinbook/bitcoinbook/blob/develop/ch10.asciidoc How many hashes per block, average? This is another simple formula, because hashing is simple random probability guessing average hashes per block = 2^256 / target Historical quirk ... When the first target was hard-coded into the genesis block, the adjustment code was written so that the target can never be larger than this initial value, never easier. The effect was that the first 32256 blocks all have this initial value and those blocks took about 15 minutes each. The first adjustment (harder, smaller target) was in block #32256 When difficulty was defined, it was defined that difficulty 1 equals the first target. The target can never be bigger (easier) than 0x1d00ffff, and this equates to difficulty 1

Difficulty - Bitcoin Wiki

Using the second formula above, the average number of hashes for the initial target 0x1d00ffff is 2^256 / 0x00FFFF0000000000000000000000000000000000000000000000000000 = 0x100010001 = 4,295,032,833 which is slightly bigger than 232 Thus, the ratio of hashes per block to difficulty is 4,295,032,833 That's how it lines up Target adjustment happened a few blocks ago. Current target is 0x17042e95 Hashes per block 2^256 / 0x042E950000000000000000000000000000000000000000 = 289081079999067160436035 Divide by 4,295,032,833 to calculate difficulty 289081079999067160436035 / 4295032833 = 67305906902031 Alternatively, as per the Wiki page difficulty = difficulty_1_target / current_target 0x00FFFF0000000000000000000000000000000000000000000000000000 / 0x042E950000000000000000000000000000000000000000 = 67305906902031

Bitcoin: "Satoshi Nakamoto's Historical Posts" Author: I was a Business Intelligence (BI) Developer for 35 years in Corrupt-orate America. I loved my work, but always hated the jobs. My profession is deeply personal too. I had to fight like hell when my wife was diagnosed with Incurable Stage IV cancer at 31. I only could turn to the data and push like Hell. I ran one of the largest cancer mailing lists on the planet the early days, using the same MLM Majordomo that Satoshi used. Bottom line, my wife is ALIVE and I am a national level Patient Advocate for Cancer. I am profoundly grateful for the doctors and science. There are real geniuses out there. I'd be happy to introduce you and to show you how wrong I was, for the first 7 years, about my assumptions on Cancer Research/the NCI/Big Pharma until I was invited behind the scenes. I need no validation, I take pride knowing Saylor knows with BI it is all about the data. Even if it isn't formatted well, errors, spacing, it is hard for you to take my work into Excel and pass it off as your own like you did for decades. I got nothing and fought the system. While I am too young to retire, I am done with that world thanks to Bitcoin. However, I am not done from showing you the power of the data, in Bitcoin's case, 'words' spoken today and yesterday and tomorrow. Thanks to the podcasters who let me mine their data (Open sourced like it should be with Bitcoin) with podcasts with Transcriptions. An Open ledger of sorts. Here is a 'manual' effort (full of holes and formatting issues) as I tried to go back and capture all of Satoshi's posts explaining Bitcoin. Most really applicable today. I tried to keep them in order and I need to just put this out there. (I have been sitting on it for months.) Yes these are out there but they are in a format that isn't suitable for consumption.. (you have to click on each link, can't scan for things etc.) More from the Author: My formula in my profession and for personal use (Cancer/Bitcoin) is the same, open source it all to push for change, real change for curing cancer for the terminally ill and curing the terminal banking systems. Formula: Data to Information to Knowledge to Power Power to the People (hear this Banks/Cancer?) Who cares if you have a lot of data if you are not using it, "Data Rich, Information Poor." My favorite t-shirt I own #1 Satoshi's "Hello World" moment Bitcoin P2P e-cash paper 2008-10-31 18:10:00 UTC..... https://bitcoinapolis.blogspot.com/2023/12/bitcoin-satoshi-nakamotos-historical.html

"Positive Black Swan Events" Black Swan events are usually only viewed from their negative side, these Black Swan events have huge impacts, are ridiculously rare, but have been deemed to be 'obvious in hindsight' but come into our world as a surprise. Even more rare are positive Black Swan Events, like the Internet is considered one. So is Bitcoin. @Swan Bitcoin I'd love to see your loghttps://m.primal.net/HSvv.jpgo in Black and White to explain yet another phenomenon of Bitcoin.

@Carl B Menger did you get tossed off X? You have some of the best content. I just saw your Snoop Dogg one on Reddit and laughed hysterically.

Bitcoin Note: "Don't feed the Trolls" November 29, 2023 "Charlie Munger wasn't an advocate of Apple...." - Saylor (2022) Charlie Munger left a great legacy of the 20th Century, BB (Before Bitcoin). He never embraced technology, sadly he criticized technology when he didn't understand it. Today, I think it is wise to remember what Saylor has been saying for years, essentially anyone can criticize something they don't understand and perhaps it is in people's best interest to advocate for themselves and to not listen to experts. Especially when experts are clearly not putting in the time to understand something they are criticizing. In Saylor's words, note how he rightly called out Peter Schiff as being a Bitcoin Troll. What I didn't know is just how little of Peter's portfolio is actually invested in Gold, a mere 5%. Saylor, from March 12, 2022 " I don't think we should be spending a lot of time fixating upon the opinions of of famous and powerful and rich people about a technology that they have not chosen to make a focal point of their interests well especially when they're 98 years old. I think the more important point is everybody thinks for themselves so you wouldn't go to Charlie Munger and ask him to pick out stocks in your (portfolio). Like name every winning stock in the past decade Netflix Google Apple Facebook Amazon how many of them were recommended to you by any of these people? None of the Bitcoin antagonists or critics would have recommended or did recommend any of those stocks so it's it's kind of a moot point it's really just marketing or "sparks" that are being sent up because what happens is these guys in the media. (The media) interview them and they want to get a rise out of them so they actually throw this out there nobody's asking Warren Buffett's opinion of silver or gold right now because no one's interested in hearing the answer." ON CRITICS AND GOLD: "The fundamental point here is is you have to give the world a solution to their problem not just be a Critic if you want to be a Critic you can criticize everything but but what's his answer if you listen if you listen to Peter's (Schiff) debates what he says is he only has five percent of his portfolio invested in gold which means that he has 95 percent invested in something else. But what is this something else and the point is he you know you're back in the same you know hedge fund Shuffle mentality it's like just give me all your money and I'm just going to shuffle it with random 95 opacity on random stuff back and forth but don't question it. What about the five it was a recommendation he would own more than 50 percent of his portfolio in the gold but he doesn't believe in it so but his argument would be I don't recommend people to buy 50 percent I recommend people to buy two to five percent that's his position he doesn't have an answer to the that that means that you're going to lose 95 percent of your wealth. The issue with Peter is Peter's not offering a solution to the world right he's simply trolling Bitcoin and he's not trolling Bitcoin with any any real concrete criticism other than he just doesn't like it. Find me somebody in the world who has invested more than 50 percent of a portfolio in gold or at a billion dollar level. I got my position is pretty clear I've invested almost four billion dollars in Bitcoin." ==== Me: To prove Peter Schiff is a Bitcoin Troll as Saylor stated over 20 months ago, look at this recent poll of Schiff's, the results. Almost 25,000 responses. Bitcoiners are feeding the troll's ego when he could questionably be a 'Gold Bug' at 5% of his wealth. Schiff's Total Net Wealth is a fraction of Saylor's but more importantly Saylor's value to society is astronomical compared to Shiff's. Saylor wants to leave a legacy for the world, selfless. Schiff wants to leave a legacy of himself, selfish. I have dedicated my Bitcoin time to go back and 'mine' words spoken in the past since each day that passes the words still are meaningful with Bitcoin. Since Day 1 with Satoshi, that is one of the secret beauties of Bitcoin to me, "words spoken yesterday are still relevant today." This effort post (manual) of mine below has the entire Gold Debate by Saylor point by point showing why Bitcoin is superior to Gold.

Bitcoin: "Digital Gold versus Analogue Gold"

Bitcoin Commodity Saylor Data

Source of the Schiff Bitcoin Poll:

X (formerly Twitter)

Peter Schiff (@PeterSchiff) on X

When will #Bitcoin crash?

OOPS...second attempt sorry, perhaps there is a hidden meaning to "It's a small world." Kids: Don't do drugs.

Perhaps there is a hidden meaning to "It's a small world?" Kids: Don't do drugs

Bitcoin Post: "Block the Blockers on X" I have relapsed after 3.5 months and started posting again on X. I tried to be NOSTR only but I am so torn because NOSTR shouldn't and doesn't want to be about Bitcoin only. I get it. But I want a feed of Bitcoin only somewhere. I am trying to not stoop as low as Blue Check. In the meantime, I have a new strategy after being blocked by people. Make sure you block them too. They don't deserve to see anything you are writing. Probably adds value. I carry them like badges. My top three who have blocked me. 1) Craig Wright - blocked me immediately, after I simply posted to any judge or jury. Just as if it were his resume, instead of court, we know Satoshi coded Bitcoin in C++. Ask him to explain his code or ask him to code in specific parts of Bitcoin. No big deal if he wrote it. 2) Spencer Schiff - blocked me after I asked how his dad could have offspring who understands Bitcoin enough to buy some. 3) Greg Foss - this one still stings. I was super supportive of Greg, early on when he first appeared on "Hard Money." I challenged him once though and got blocked. On his then constant promotion of El Salvador. Bitcoin has no boundaries, imaginary man made lines drawn on maps, it's for all. My specific challenge was, without any emotional context, was El Salvador's GDP is less than our lowest US state by GDP. Annual GDP: Vermont: $37 Billion with a population of 650,000 people El Salvador: $29 Billion with a population of 6,300,000 people No offense intended to Vermont or El Salvador or FOSS....but he blocked me. Really? (Petty to do the same, man, I know. A million of we shrimps out there have just as much, or more, influence as one giant blow hard Orange Whale.

Jumping to conclusions, stating things as if they are facts is not staying in your lane. The other day I was out walking around Lake Harriet and seldom tune in to X Spaces (unless it is Yellow's DSB, that is so out there). Anyway, I tuned in and heard some breaking news about something at the US/Canadian Border and some Bitcoiner insisted he knew it was a Muslim and it was a terrorist attack as he drives a truck through that area all the time. Facts so far: - Names - Drove a Bentley - On their way to a KISS concert https://www.yahoo.com/news/rainbow-bridge-police-identify-couple-161116362.html Seriously pisses me off when people veer out of their lanes, throw gas on the hate, and explode in a fireball with no remorse, retraction, or apology. We all are a 'work in progress' don't act like a Proof-of-stake altcoin.

Dear Koreans, Chinese, Japanese, Thai, and Vietnamese. I love your food and cooking your food. I know I left out a ton of you (see below), but this is what I love to cook and eat and know. (Learning constantly.) I just wanted to put this out there because I am about to cook Thanksgiving Dinner, the entire spread, for my family. Compared to preparing your food, I can do this with my eyes closed it is so easy. SUPER EASY. Thanks for your 1000s of years of expertise. Post your favorite recipes or dishes, please put in the nationality. I would love to learn Cambodian, Laos, Hmong but don't know where to start.

How many of you remember Thanksgiving Day, 1997? I do, specifically, the FDA approved IDEC-C2B8 in lymphoma. America knows it as Rituximab and Europe Mabthera. That drug has saved and extended thousands of lives in lymphoma. The first ever Moncoclonal Antibody every approved for cancer, Anti-C2B8. I am grateful for the experts. The doctors, especially Dr. Ron Levy, it took 20 long years to get Rituxan developed. There are so many doctors who spend their entire careers trying to help get drugs from bench to bedside to save loved one's lives. I remember the earliest days of Clinical Trials on IDEC-C2B8, I remember being in contact with some of the first recipients and their families. One of which was TAVYBLUE whose husband was a brave soul to try it. He died. It still haunts me. How? They hadn't figured out yet to always give a massive IV of Benadryl with every Rituxan infusion which is standard today and he died. To all of you out there on the Internet, who are Dr. Google, who think you know better, check yourselves. You are one blood test away from getting your proverbial ass handed to you or for one of your family members. You get smarter, fast. It rocks you to your Physical, Mental, Spiritual, and Financial core. Same to all of you who think you are smarter than anyone in any profession. Stay humble. Be thankful. Happy Thanksgiving America and peace to all those on Mother Earth. Study Bitcoin.

"The Suitcase: Space Travel -vs- Living in Space" Space Travel sounds cool Living in harmony on the moon or Mars? Yeah, we haven't even figured out how to do that on Mother Earth. Literally since we figured out fire, gravity, the wheel. All the psychos out there? All you need is one nutjob on Mars, who decides to shoot a hole in the impenetrable man man dome. Any of you outside the US trust everyone in the United States like we don't trust you if you haven't heard of our border wall(s) prototyped after a sieve. Would we only allow certain people/countries on Mars? What documentation or biometrics would be needed to make sure a human was fit to live on Mars? Everyone would have to fight Mark Zuckerberg or Elon? Contrary to popular notions you may have about the United States. We have nothing wrong here at all, you never hear how we shoot each other, can't feed our hungry, can't end homelessness, or save the ones we love. Or how we have plenty of money to kill people we hate with our wars. Would we screw up the climate on Mars and have to spend trillions as the 100K different projects to do so on Earth are mismanaged with many of the solutions being worse for the environment? (e.g. Lithium and still saying no to Nuclear Energy?) Many humans are inherently evil, would there be prisons on Mars or would we just ship them all back to the cesspool known as Earth? (Think "Planet of the Apes" with the Statue of Liberty buried halway in sand.) Would we need as many plumbers or would we have some cool new way to poop thanks to "The Boring Company"? What about refuse? Would we make sure all packaging is not just compostable but edible too? What about our leaders? They would lead all of us as one planet and we would all agree and get along? Would there be election fraud on Mars or Mr. Pillow? Would Amazon Prime be able to deliver the stuff we really don't need super fast? Would everything be free? Would we be smarter on Mars? Would we be able to provide a universal Health Care, grow the right crops, be sustainable. Or is it the suitcase analogy my dad taught me about relationships? Dad to me at 16: "If you are in a relationship, and things are not going well, don't just pack up your suitcase and leave. When you get to the next destination or relationship, you open up that suitcase and all the old problems are still in there." Ready to go live on Mars or the Moon with me? Let's get the hell out of here, Mother Earth is a real bitch.

This Headline on Munger: Reminds me of this Old School Meme:

I am torn on here, I am not on any social media, can't stand it all but have a throw away account on Xitter only because I like posting about Bitcoin. Here is fantastic but there are some heavy hitters on here techies and Snowden who rightfully hope NOSTR isn't all Bitcoin. Is there a way I can post all about Bitcoin but tag it so not everyone has to see it?

Rip me apart on this as it is old in the Bitcoin timeline (23 days ago.) I am confused on who owns what as far as Bitcoin goes. With this article:

Bitcoin News

Does Block.one Eclipse Microstrategy in BTC Reserves? Deciphering the Bitcoin Treasury Lists

Recently, there’s been a buzz about the revamped bitcoin treasuries list, presenting a vivid depiction of every entity holding BTC.

- Block.one (aka B1) a "blockchain company and not Dorsey's Square/Block" and it is has more Bitcoin than MicroStrategy and I have never heard of it. - Grayscale Trust has over 600K Bitcoin as they are trying to convert from a futures to Spot BTC ETF? - MtGox? They have a zillion 'missing' so how could they say they have any Bitcoin? - Wrapped BTC tied to turd ETCH isn't even Bitcoin Just when I think I am grasping things Bitcoin I see an article like this.

With Bitcoin, there is no 'He Said/She Said', no 1-800 number, no one to sue. You are the bank. So in this case, who is telling the truth? She lost her entire 'life savings' and Wells says it doesn't exist? She does a bunch of TikTok videos? Bitcoin doesn't care, no drama, you 'lose your life savings with Bitcoin' then thank you for your donation. Fingers point only at you. So tired of the banks getting the headlines as they 'make' money (aka profit) off their 'customers.' https://www.the-sun.com/money/9602480/wells-fargo-account-closed-no-warning-lost-savings/

Ten Years Later. Check this one out from April 2013 asking how long it will be until a BlackRock gets and ETF and JP Morgan shorts it. https://x.com/TeringNering/status/320670344404926464?s=20