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Read_703 – The Banks Are So F**ked – [Callebtc]

“Here is a little story of how I built a #Bitcoin Lightning payments app used by more than 10,000 users at the time running on two Raspberry Pi’s from my bedroom… My conclusion: The banks are so f**kd” – CalleBTC Check out the original thread for more projects Callebtc is involved in, and follow Calle…

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Basics_03 – Keys, Everything You Need to Know

Not your keys, not your coins. What does this mean? Your Bitcoin keys are literally the keys to the kingdom. They are everything, they are the sole arbiter of ownership of the bitcoins behind them if you have your keys, and they are the impenetrable fortress for the bitcoins behind keys you do not have. They…

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Read_702 – FediPools as a Solution to Centralization Risk [Marty Bent]

“If Fedipools prove to be viable we could find ourselves in a world where bitcoin mining pool centralization risk is significantly reduced and the worries that many have today cease to exist. By creating a federation of different miners who act as guardians of a mint dedicated to producing blocks and distributing rewards you create…

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Read_701 – Lightning for Everyone in Every App [Roy Sheinfeld]

“This is the end of Lightning as a niche technology and the beginning of Lightning as a (ubiquitous) Service. In a few years, Lightning functionality will be so universal that nobody will even notice it any more, and it will be so useful that nobody will want to live without it. Like phones. Like shoes. Like…

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Read_700 – The Race to Avoid the War [Cory Klippsten]

“Furthermore, when Bitcoiners develop privacy and scaling technology for Bitcoin, we make it substantially more challenging for anti-coiners to make the case that a war on Bitcoin is winnable. When more of us demonstrate the unmatched power of Lightning Network payments in small nations, influential legislators and bankers in the U.S. take note and are…

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Read_699 – What is Nostr? How Does it Work? And Why Does it Matter? [BTCtimes}

One thing to make abundantly clear: Nostr is a protocol. It’s a set of rules that servers and clients use to communicate (just like Bitcoin, email or Bittorrent). Nostr is not an app nor a “platform” (like Twitter, Facebook, etc.), but many applications can be built on top of Nostr. In the words of Edward Snowden, “If a platform is…

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Basics_02 – Hashes & Proofs of Work

In order to truly understand why Bitcoin works, we must understand a fundamental tool that operates at basically every level of the system. The hash function. And using the hash function, we can build one of the most important elements of the game theory that keeps the system honest, Proof of work. This is the second…

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Basics_02 – Hashes & Proofs of Work

In order to truly understand why Bitcoin works, we must understand a fundamental tool that operates at basically every level of the system. The hash function. And using the hash function, we can build one of the most important elements of the game theory that keeps the system honest, Proof of work. This is the second episode of the Bitcoin Basics series: Hashes & Proofs of Work

To play around yourself with the hashing tools discussed you can:
– open a Terminal window on your Mac or Linux computer and type… 
shasum -a 256 [insert file]
Replacing [insert file] with the file path of whatever you wish to hash (you can usually drag and drop)
– On Windows open the “command prompt” and type…
Get-FileHash -Path [insert file]

To verify my Proof of Work done in the episode:
echo -n “H18” | shasum -a 256
(this works on Mac & Linux, but unfortunately the process on Windows was too complicated to go through the trouble of confirming it)

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“You never change things by fighting the existing reality. To change something, build a new model, that makes teh existing model obsolete.” – R. Buckminster Fuller
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Read_698 – An Orange Pill for Bitcoiners [Austin Herbert]

“But, I keep coming to the same conclusion: We are here for this movement. We are here to build a parallel economy that will eventually take over the old fiat system. I’m not a dev, I don’t have a large audience, I don’t have meetings with Jeff Bezos or presidents like Jack Ballers (no, that…

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Read_697 – The Trillion Dollar Coin, Genius or a Joke? [James Lavish]

“To wit, we have raised the debt limit 22 times from 1997 to 2022. Yep, we’ve raised the limit 22 times in 25 years. Let that sink in for a moment. OK, so now that we’re all on the same you’ve-got-to-be-kidding-me-with-the-endless-and-reckless-spending-of-the-US-Government page, let’s dig into the mechanics a bit.” – James Lavish We’ve hit the awful, shocking, totally…

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