"Gold mining is a waste, but that waste is far less than the utility of having gold available as a medium of exchange. ... The utility of the exchanges made possible by Bitcoin will far exceed the cost of electricity used. Therefore, not having Bitcoin would be the net waste." - Satoshi Nakamoto
Posted Aug 7th 2010, 05:46:09 PM
"Each node's influence on the network is proportional to its CPU power. The only way to show the network how much CPU power you have is to actually use it. If there is something else that each person has a finite amount of that we could count for one-person-one-vote, I can't think of it." - Satoshi Nakamoto
Posted Aug 7th 2010, 05:46:09 PM
"Bitcoin generation should end up where it's cheapest. Maybe that will be in cold climates where there's electric heat, where it would be essentially free." - Satoshi Nakamoto
Posted Aug 9th 2010, 09:28:39 PM
Source The Book of Satoshi, Pages 236 - 237
Satoshi 8:2 prophesied the 51% attack
https://www.investopedia.com/terms/1/51-attack.asp
Btw, you can buy The Book of Satoshi
https://www.amazon.com/Book-Satoshi-Collected-Writings-Nakamoto/dp/0996061312
Praise Satoshi; Praise 8:2
Read the book "Inventing Bitcoin" if you want to understand the technology. Best book i've seen on the subject and it addresses all of the most common criticisms in depth.
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Yes, and (almost) any random 32 byte integer will do! A fun way to learn is to implement the whole thing from scratch, which is not as scary as it sounds - I used this book: https://www.amazon.com/Programming-Bitcoin-Learn-Program-Scratch/dp/1492031496. The code in the book is in Python, but it's easy to translate it to Go.
Inventing Bitcoin.
If you aren’t really technical but want a solid understanding of how Bitcoin works this book is perfect. I highly recommend it for everyone though.
my really good friend wrote a pretty great introductory book about bitcoin and the tech behind it. I highly recommend it. there is a lot of hype attached to crypto currency but it truly is some revolutionary stuff. check it out if you get a chance:
https://www.amazon.com/dp/1794326316/ref=cm_sw_r_cp_api_i_pVfOFb1DSQ165
I'd recommend you to start by understanding the crypto father: Bitcoin. There are great resources out there. My favourites are the works from Andreas Antonopoulos (Both books and even his Youtube channel). He is great, explains with such an ease everyone can understand
https://www.youtube.com/channel/UCJWCJCWOxBYSi5DhCieLOLQ
His book 'Mastering Bitcoin' is also available on Amazon https://www.amazon.com/Mastering-Bitcoin-Unlocking-Digital-Cryptocurrencies/dp/1449374042
This one might get a bit technical, but it's a great resource to understand why cryptocurrencies are not a 'digital collectible' as the OP mentioned. I think they are gonna revolutionaze the world as we know it today.
If you are up for lighter material, check out the documentary 'Banking on Bitcoin'. It's on Netflix and is awesome too.
Maybe you'll find this book helpful, then. I haven't had a chance to read it myself yet, but I've heard it's pretty good.
I’m not sure how technical you want to get, but the bible here is considered:
https://www.amazon.com/Mastering-Bitcoin-Programming-Open-Blockchain/dp/1491954388/
And
https://www.amazon.com/Mastering-Ethereum-Building-Smart-Contracts/dp/1491971940/
Yes they’re somewhat dated, but will give you a rock solid understanding of the fundamentals.
Andreas makes it very accessible too.
If you are curious about his (and Steves) motivation I recommend the book Hackers . I agree some people acquire wealth to compensate for tiny ****s, but there are other reasons
I don't think you should abandon it - I think you're not doing enough marketing. I'm guilty of that as well - building features is fun and marketing is cryptic and confusing.
The developer of a product can be the absolute worst copy writer, because the entire product is in their head. It's been hell trying to find help on that front though.
I've gone through the site and I'm a little lost what this actually does. My test cases run as part of my build pipeline - why would I want a separate tool to manage that? Or is this a tracking tool for a separate test department?
I think the video needs a voice-over saying what it's doing. If you don't have a voice for radio that's fine - you can loop back to that later.
My gut says a cloud version would help, because it reduces the mental energy someone has to invest to try your product. Sure you offer a 90-day trial, but someone still has to invest the time to download an appliance. My goal was to have a running trial instance up in under 5 minutes and with no human interaction.
I'm completely with you on using containers for software delivery, but by delivering that way you're putting up another wall. I've met a lot of people that think docker is some kind of sorcery, plenty that don't have Linux experience. A lot of people can't just spin up servers because that has to go through a different department. Having an online trial lets you delay that whole question until they've decided if they need the product.
Start Small Stay Small has helped me.
I fell in love with the promises of Eth and Ada, then learned more about BTC through Mastering Bitcoin. After the recent crash and altcoin scams realized Bitcoin was the real deal and everything is a cheap knockoff and the bear market is doing a great job of exposing the scams.
That will give you an understanding of the full structure.
https://www.lopp.net/bitcoin-information.html
Shed loads of free resources on their, security practices, bitcoin use and programming
>That isn't backing.
I disagree. Backing in this case implies the ability to do work. Whether it's btc or usd. I think you may be confused as energy is not spent, it is solidified into rewards received by miners. This is the exact same model as the gold industry. Except in digital form. So I'd like to hear you argue what gold is backed by.
>Countries currencies are backed directly by the actual country value.
How do you determine that value?
Here's additional information that will help you learn and understand the value proposition: Mastering Bitcoin by Andreas Antonopoulos
The intrinsic value comes from it's use & utility - just like everything does. Bitcoin advocates that it can be used as 1) a unit of account, 2) a medium of exchange, and 3) a long term store of value. The qualities needed to function as money.
1) This is done cryptographically. Which is military grade security where you are given the option to custody your own keys (no bank needed).
2) Accounting is done via "proof of work" which is the technological innovation. It solves how to achieve decentralized consensus.
3) This is what gets debated the most. But it still follows Supply & Demand. The thought here is that a decentralized monetary system is resistant to change. That means >50% of node operators need to agree to make changes. Which means inflation is very predictable and never unexpected.
This book helps: Mastering Bitcoin by Andreas Antonopoulos
The intrinsic value comes from it's use & utility - just like everything does. Bitcoin advocates that it can be used as 1) a unit of account, 2) a medium of exchange, and 3) a long term store of value. The qualities needed to function as money.
1) This is done cryptographically. Which is military grade security where you are given the option to custody your own keys (no bank needed).
2) Accounting is done via "proof of work" which is the technological innovation. It solves how to achieve decentralized consensus.
3) This is what gets debated the most. But it still follows Supply & Demand. The thought here is that a decentralized monetary system is resistant to change. That means >50% of node operators need to agree to make changes. Which means inflation is very predictable and never unexpected.
Hope this helps. I had fun typing this out.
Start Small Stay Small is a good book about running an independent software company. It's not specific to gaming but the advice still applies.
Yep, those screenshots you shared don't inspire much confidence.
You seem very bright for your age, and I think you would enjoy exploring the Bitcoin ecosystem further. Trading and price prediction are among the most dull things that happen in this space. Bitcoin encompasses a fascinating blend of many things: Cryptography, computer science, economics and finance, energy grids and electrical engineering (miners), politics, etc.
If you were interested in learning about programming on Bitcoin with Python, I recommend Mastering Bitcoin by Andreas Antonopoulos and Programming Bitcoin by Jimmy Song.
Thanks for that. Not to sound elitist, but I'm very surprised at the apparent lack of understanding I see in this thread.
Everyone in this sub owes it to themselves to at least understand the basic design principals of Bitcoin. What the blockchain is, why proof of work, what is a node, etc. Bitcoin is the oldest and most influential of the coins, and one cannot grasp the crypto world as a whole without knowing how Bitcoin works. Plus, knowledge is the only way to innoculate oneself against the rampant scams in this space.
I think my favourite introductory book is Inventing Bitcoin, which explains all the key parts of the protocol in a non-technical way. I'd also recommend the Bitcoin Audible podcast.
Techniquement je trouve la blockchain sortie de la tête d'un génie, je conseille Mastering Bitcoin au moins pour l'introduction à la techno.
Maintenant j'avais commencé à "jouer" avec les cryptos vers 2017, aujourd'hui j'ai la moitié de mon épargne en crypto. Je me suis fait aussi un bot pour faire du trading h24 de stablecoin et générer un petit revenu passif.
Vu la volatilité je ne conseille cependant jamais à mon entourage d'investir, ou alors de n'y mettre que ce dont ils sont prêts à perdre.
Tu possèdes actuellement quoi comme crypto ?
I started with some Youtube tutorials. This one is a pretty decent one.
It still seemed a little abstract after some videos, so I ended up buying the book "Inventing Bitcoin" and I think after I finished that, it really started to click.
Someone else pointed out the sub r/BitcoinBeginners, which I would recommend subscribing to as well. You'll see questions on there posted from time to time that you might actually be wondering yourself, so that's a good way to learn things from time to time.
Programming Bitcoin: Learn How to Program Bitcoin from Scratch
https://www.amazon.com/gp/product/1492031496/ref=ppx_yo_dt_b_asin_title_o03_s00?ie=UTF8&psc=1
You don't need permission from anyone, just read and learn about it today.
You can start with these books:
Mastering Bitcoin. This is on the technical side of it.
The Bitcoin Standard. This explains the economic side of it.
Bitcoin is just money, be useful to people and you'll have a career in it.
Oh, another great way in is <em>Programming Bitcoin</em>. Covers the cryptography bitcoin is based on in a very pragmatic way, in the early chapters.
I'd recommend starting with bitcoin, because there are TONS more resources available for it than any other coin, so it will be massively easier to learn and build something if you are starting from scratch.
I would highly recommend this book as it is quite good for those starting out
https://www.amazon.com/Mastering-Bitcoin-Programming-Open-Blockchain/dp/1491954388
your point is comparing a revolutionary decentralized, scarce, virtually unhackable, natively digital asset to putting your money into a game where odds are systematically rigged against you. actually sounds like your skepticism is dogmatic in nature. I highly recommend the ‘Unchained’ podcast with Larua Shin from Forbes. this episode from a few years back covers the basics:
I also recommend this book that one of my good friends wrote, he does a good job explaining the basic principles and some surface details about the tech behind it:
https://www.amazon.com/dp/1794326316/ref=cm_sw_r_cp_api_fabc_coyWFbZ2ANW8X
How about learning how to implement Bitcoin from Scratch?
Here is an excellent resource I myself am learning from:
"Programming Bitcoin from Scratch" by Jimmy Song
Amazon Link below:
What's missing is "Programming Bitcoin" by Jimmy Song. It definitively should be on this list like "Mastering Bitcoin" on the technical side. https://www.amazon.com/gp/product/1492031496/ref=as_li_ss_tl?pf_rd_p=c2463b52-1139-4aba-9ac9-26d103f6c586&pf_rd_r=KHGVVFT2B2GQ4W442FH0&linkCode=sl1&tag=jimmysong-20&linkId=890eda96380a7e39e5e3195e6991ec25&language=en_US
> does this not slow down the network?
no. IF youre running a full node, it has all the UTXOs in a database, with a record of which ones changed each block and references that to see if your keys are unspent.
IF youre using a mobile/desktop wallet that doesnt hold the ledger, the wallet is referencing some other copy of the blockchain.
Dont think of it as data written to a HDD as we are used to. It doesnt need to be sequential. It seems youre really interested in the detailed "how" BTC works. I suggest you subscribe to the dev mailing list and start reading further. Books like Mastering Bitcoin by Andreas Antonopoulos https://github.com/bitcoinbook/bitcoinbook OR if you want a hard copy https://www.amazon.com/Mastering-Bitcoin-Programming-Open-Blockchain/dp/1491954388 would be a good start.