Let me explain something to everyone about bitcoin. The protocol is fixed. There is a unilateral contract that was set in 2009 when the product was released. That contract has no provision for change. Rather, it has a promise of stability. While some of the codes that are currently disabled will not be re-enabled anytime soon others will be. None of this will impact any existing transaction now all that may exist in the future. But, you have no guarantee or promise of when some of the other codes that are not currently used will be implemented and you shouldn’t be developing anything that is based on them.
The operation of nodes is very simply defined in overview in section 5 of my White Paper. This is not negotiable. It does not matter that you don’t like it. It does not matter if you think it can be optimised in a better way or improved. That is it. Simplicity is actually a good thing in complex systems.
There is no consensus on block cap. Honestly, I’m getting tired of this and it should be what can be handled by the majority of nodes. That is by computational power. If the size of the blocks is too large for a node, this is capitalism and that node goes out of business. If you want to run a rasberrypie go to BTC.
In time... It will be an INTERESTING year
I won't say more for the moment
Welcome to another day in Bitcoin
CSW
Feb 23, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645620494472599?thread_ts=1645620494.472599&cid=C5131HKFX
https://t.me/CSW_Slack/4055
The operation of nodes is very simply defined in overview in section 5 of my White Paper. This is not negotiable. It does not matter that you don’t like it. It does not matter if you think it can be optimised in a better way or improved. That is it. Simplicity is actually a good thing in complex systems.
There is no consensus on block cap. Honestly, I’m getting tired of this and it should be what can be handled by the majority of nodes. That is by computational power. If the size of the blocks is too large for a node, this is capitalism and that node goes out of business. If you want to run a rasberrypie go to BTC.
In time... It will be an INTERESTING year
I won't say more for the moment
Welcome to another day in Bitcoin
CSW
Feb 23, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645620494472599?thread_ts=1645620494.472599&cid=C5131HKFX
https://t.me/CSW_Slack/4055
Telegram
CSW - Slack Channel
CSW
Feb 23, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645620494472599?thread_ts=1645620494.472599&cid=C5131HKFX
https://t.me/CSW_Slack/4055
Feb 23, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645620494472599?thread_ts=1645620494.472599&cid=C5131HKFX
https://t.me/CSW_Slack/4055
What progress has been made in 2021?
2021 has been a busy year for the BSV blockchain and ecosystem, with several technical milestones achieved. In May, there were nearly 4 million transactions recorded in one day, helped by a single block mined by Taal containing 1.3 million transactions, matching a previous record. Multiple days in August saw over 2 million transactions added to the chain, with the iGaming company Cryptofights generating many of these transactions. On August 16, the BSV network processed a record 1.247 GB size block – a block not just significant for its size, but for its underlying economics: it was the first time that the transaction fees earned (6.33 coins) were higher than the fixed subsidy amount (6.25 coins) for the block. The record for the largest block was subsequently broken, with the world record – achieved on the BSV network – now standing at 2 GB.
Later in the year, on September 3, the BSV blockchain became the most data-rich blockchain and since that time has grown to a total size of over 2 TB. Importantly, despite the increased traffic and demand on the network throughout 2021, the median transaction fee has remained under 1/50th of a U.S. cent throughout the year.
What is coming up in 2022
There are strong expectations for the wider BSV ecosystem in 2022, as well as major technical milestones on the network roadmap to achieve. The most important moment expected to occur next year is the release of Teranode – a multi-machine implementation of the Bitcoin SV node software that utilises horizontal scaling to unlock increased capacity on the network (a live demonstration at CoinGeek Zurich earlier this year processed more than 50,000 transactions per second). What will be interesting is how this additional capacity to the network is utilised.
The year 2021 saw companies leveraging the BSV network for a host of activities. nChain released its platform, Kensei, in July 2021, and signed up kompany and Crucial Compliance, both firms enhancing their existing offerings by leveraging blockchain’s immutable data integrity functionality. In 2022, it is expected to see greater understanding and acceptance of the broad applicability of data integrity, especially in iGaming and CBDC solutions.
Protocol Updates and Outlook
With contributions from Dr. Michaella Pettit (nChain), Reid Yager (Blockhouse/TQ Tezos) and Renagh Mooney (Cardano Foundation).
21ST FEBRUARY, 2022
https://www.bitcoinsuisse.com/outlook/protocol-updates-and-outlook
2021 has been a busy year for the BSV blockchain and ecosystem, with several technical milestones achieved. In May, there were nearly 4 million transactions recorded in one day, helped by a single block mined by Taal containing 1.3 million transactions, matching a previous record. Multiple days in August saw over 2 million transactions added to the chain, with the iGaming company Cryptofights generating many of these transactions. On August 16, the BSV network processed a record 1.247 GB size block – a block not just significant for its size, but for its underlying economics: it was the first time that the transaction fees earned (6.33 coins) were higher than the fixed subsidy amount (6.25 coins) for the block. The record for the largest block was subsequently broken, with the world record – achieved on the BSV network – now standing at 2 GB.
Later in the year, on September 3, the BSV blockchain became the most data-rich blockchain and since that time has grown to a total size of over 2 TB. Importantly, despite the increased traffic and demand on the network throughout 2021, the median transaction fee has remained under 1/50th of a U.S. cent throughout the year.
What is coming up in 2022
There are strong expectations for the wider BSV ecosystem in 2022, as well as major technical milestones on the network roadmap to achieve. The most important moment expected to occur next year is the release of Teranode – a multi-machine implementation of the Bitcoin SV node software that utilises horizontal scaling to unlock increased capacity on the network (a live demonstration at CoinGeek Zurich earlier this year processed more than 50,000 transactions per second). What will be interesting is how this additional capacity to the network is utilised.
The year 2021 saw companies leveraging the BSV network for a host of activities. nChain released its platform, Kensei, in July 2021, and signed up kompany and Crucial Compliance, both firms enhancing their existing offerings by leveraging blockchain’s immutable data integrity functionality. In 2022, it is expected to see greater understanding and acceptance of the broad applicability of data integrity, especially in iGaming and CBDC solutions.
Protocol Updates and Outlook
With contributions from Dr. Michaella Pettit (nChain), Reid Yager (Blockhouse/TQ Tezos) and Renagh Mooney (Cardano Foundation).
21ST FEBRUARY, 2022
https://www.bitcoinsuisse.com/outlook/protocol-updates-and-outlook
Bitcoin Suisse
Protocol Updates and Outlook | Bitcoin Suisse
HandCash partners with Circle and Fabriik to offer in-app top-ups.
Feb 24, 2022
Alex Agut, CEO at HandCash
https://handcash.medium.com/handcash-partners-with-circle-and-fabriik-to-offer-in-app-top-ups-7b4221430e3f
Feb 24, 2022
Alex Agut, CEO at HandCash
https://handcash.medium.com/handcash-partners-with-circle-and-fabriik-to-offer-in-app-top-ups-7b4221430e3f
Medium
HandCash partners with Circle and Fabriik to offer in-app top-ups.
We are thrilled to announce that we have partnered with the the US based payments rail giant Circle and the booming Canadian fintech…
Descarga HandCash y comienza a probar como nunca antes el poder de Bitcoin con los micro pagos y las apps!!!
https://handcash.io/#/invite/ramonquesada
https://handcash.io/#/invite/ramonquesada
"Parties representing Dr. Craig Wright and Magnus ‘Hodlonaut’ Granath appeared before the High Court in London on Thursday to argue over Granath’s motion to have Dr. Wright’s libel case against him dismissed before trial."
Wright v Granath: Parties argue over motion to dismiss Craig Wight libel case before trial - CoinGeek
https://coingeek.com/wright-v-granath-parties-argue-over-motion-to-dismiss-craig-wight-libel-case-before-trial/
Wright v Granath: Parties argue over motion to dismiss Craig Wight libel case before trial - CoinGeek
https://coingeek.com/wright-v-granath-parties-argue-over-motion-to-dismiss-craig-wight-libel-case-before-trial/
CoinGeek
Wright v Granath: Parties argue over motion to dismiss Craig Wight libel case before trial - CoinGeek
Magnus Granath was asking that the court order summary judgment in his favor on the basis that Dr. Craig Wright had presented no evidence that the former’s alleged defamatory tweet had seriously harmed Dr. Wright’s reputation.
Bitcoin Books publishes eBooks using the BSV blockchain as the publisher tool.
Each book is sold as NFT and this allows readers to resell their eBooks when they please. Each NFT holder can redeem the eBook cover they hold, by downloading from the BSV blockchain their eBook.
https://www.bitcoinbooks.co/about/
Each book is sold as NFT and this allows readers to resell their eBooks when they please. Each NFT holder can redeem the eBook cover they hold, by downloading from the BSV blockchain their eBook.
https://www.bitcoinbooks.co/about/
El Parlamento Europeo quiere prohibir los servicios de criptomonedas con mecanismos de consenso insostenibles. Esto está previsto en un proyecto de reglamento para los criptomercados (MiCA), que el parlamento votará el 28 de febrero.
Según la propuesta final del Comité de Asuntos Económicos y Monetarios (ECON), los criptoactivos se clasificarán como "sostenibles" e "insostenibles". El documento establece además que los proveedores de servicios ya no podrán procesar o mantener criptoactivos con un "mecanismo de consenso ambientalmente insostenible". La prohibición entrará en vigor a partir del 1 de enero de 2025".
https://t3n.de/news/nachhaltig-eu-parlament-bitcoin-1454680/
Según la propuesta final del Comité de Asuntos Económicos y Monetarios (ECON), los criptoactivos se clasificarán como "sostenibles" e "insostenibles". El documento establece además que los proveedores de servicios ya no podrán procesar o mantener criptoactivos con un "mecanismo de consenso ambientalmente insostenible". La prohibición entrará en vigor a partir del 1 de enero de 2025".
https://t3n.de/news/nachhaltig-eu-parlament-bitcoin-1454680/
Money & currency
ZeMing M. Gao
Feb 26, 2022
It is important to make a distinction between “money” and “currency,” not for the sake of semantics but to have a clear way to conceptualize the whole matter. I used to think it was a trivial distinction, but started to more and more realize its importance.
Definitions of money and currency
Money: Money is an agreement between two parties for value exchange without direct bartering. Money is value agreement.
Currency: If we standardize these money agreements into an easily transmissible and countable form using a certain technology, we have a currency. Currency is technology.
https://coingeek.com/money-currency/
ZeMing M. Gao
Feb 26, 2022
It is important to make a distinction between “money” and “currency,” not for the sake of semantics but to have a clear way to conceptualize the whole matter. I used to think it was a trivial distinction, but started to more and more realize its importance.
Definitions of money and currency
Money: Money is an agreement between two parties for value exchange without direct bartering. Money is value agreement.
Currency: If we standardize these money agreements into an easily transmissible and countable form using a certain technology, we have a currency. Currency is technology.
https://coingeek.com/money-currency/
CoinGeek
Money & currency
It is important to make a distinction between “money” and “currency,” not for the sake of semantics but to have a clear way to conceptualize the whole matter.
Using modern advances in cryptography to enhance data privacy: Owen Vaughan | CG Conversations
https://www.youtube.com/watch?v=o8hJnVFj8aA
CoinGeek - 24/Feb/2022
https://www.youtube.com/watch?v=o8hJnVFj8aA
CoinGeek - 24/Feb/2022
YouTube
Using modern advances in cryptography to enhance data privacy: Owen Vaughan | CG Conversations
On this week’s episode of #CGConversations, CoinGeek’s Charles Miller talks to Owen Vaughan, an expert in High Energy Physics, Cryptography, Data Analysis, Differential Geometry, Python, and an experienced Director of Research at nChain, a London-based researched…
How Bitcoin was created - the inventor and people involved
Fueng Lee
Feb 26, 2022
https://blog.bsvdata.com/how-bitcoin-was-created-the-inventor-and-people-involved/
Fueng Lee
Feb 26, 2022
https://blog.bsvdata.com/how-bitcoin-was-created-the-inventor-and-people-involved/
Network Hashrate
https://data.hashrateindex.com/chart/bitcoin-network-hashrate
https://data.hashrateindex.com/chart/bitcoin-network-hashrate
Hashrateindex
Network Hashrate
The Bitcoin network hashrate is an estimate that gauges how much computing power (and thus, miners) are competing for Bitcoin blocks. There’s no way to pull data on the hashrate of all the world’s miners to get a pinpoint figure for the Bitcoin network’s…
"Prof Wrightson, when I talked to him, told me all about DigiCash. He is the reason that I took up a pseudonym. The Monetary Systems Engineering Research Group had a lot of resources. I read their patents and papers on transfer instruments, but more than anything else, I took away the problems that had occurred with DigiCash. I saw what had happened with ecash. I saw what had happened with e-gold."
Fully Peer-to-Peer
By Craig Wright
06 Jun 2019
https://craigwright.net/blog/law-regulation/fully-peer-to-peer/
Fully Peer-to-Peer
By Craig Wright
06 Jun 2019
https://craigwright.net/blog/law-regulation/fully-peer-to-peer/
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Apparently Russians are now rushing to take cash out coz of the SWIFT sanctions. They’re scared that they might lose access….
Forwarded from Junction Bot
DiarioBitcoin.com
UE, Canadá, EE UU y Reino Unido bloquearán a bancos rusos de red de pagos interbancaria SWIFT
https://www.diariobitcoin.com/paises/asia/rusia/ue-canada-ee-uu-y-reino-unido-bloquearan-a-bancos-rusos-de-swift/
@
UE, Canadá, EE UU y Reino Unido bloquearán a bancos rusos de red de pagos interbancaria SWIFT
https://www.diariobitcoin.com/paises/asia/rusia/ue-canada-ee-uu-y-reino-unido-bloquearan-a-bancos-rusos-de-swift/
@
DiarioBitcoin
UE, Canadá, EE UU y Reino Unido bloquearán a bancos rusos de red de pagos interbancaria SWIFT
Los países aliados bloquearán a ciertos bancos rusos del sistema interbancario en un esfuerzo por obstaculizar la capacidad de Rusia para realizar pagos transfronterizos y tratar de detener el combate armado en Ucrania.
There are two and only two meaningful metrics in the digital cash or digital asset systems that are being promoted.
1. Volume (TPS)
2. Transaction fees
Volume is critically important. The number of transactions per second is the underlying volume of the base system, not so-called layers, as layers by definition is inside the base, and lightning is a separate protocol from bitcoin.
Without access to send hundreds of thousands and millions of transactions per second, not on so-called secondary systems but natively on the Blockchain, there is no purpose, and secondly, the fees will be high.
By volume, the only metric here is to scale into what will eventually become billions of transactions a second. Anything less is meaningless.
Next, the fees are in part related to the ability to directly scale on-chain without so-called boondoggle projects such as lightning and all the artificial limits that others apply.
Transaction fees are the only metric that will achieve success at the end of the day, and this comes only through volume on-chain.
If the fees cannot be kept under one-hundredth of a cent per transaction and ideally under a thousandth of a cent, the system has no point. Bitcoin is a micropayment system. So the so-called BTC and Ethereum boondoggle attempt at anything else will fail.
The only, and I mean only, the purpose of bitcoin is high-volume at low fees. So if anyone tells you that anything above a fraction of a cent is low fees, they are lying and attempting to deceive you.
Bitcoin is a micropayment system, first and foremost.
Bitcoin doesn't replace banks. Instead, Bitcoin enables the unbanked to be part of the digital economy because it creates the first digital cash system. This is what people fear!
I would like a lower fee... in time
But, not speculation.... use
Miners will make more than BTC x1000
CSW
Feb 25, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645815066051229?thread_ts=1645815066.051229&cid=C5131HKFX
https://t.me/CSW_Slack/4077
1. Volume (TPS)
2. Transaction fees
Volume is critically important. The number of transactions per second is the underlying volume of the base system, not so-called layers, as layers by definition is inside the base, and lightning is a separate protocol from bitcoin.
Without access to send hundreds of thousands and millions of transactions per second, not on so-called secondary systems but natively on the Blockchain, there is no purpose, and secondly, the fees will be high.
By volume, the only metric here is to scale into what will eventually become billions of transactions a second. Anything less is meaningless.
Next, the fees are in part related to the ability to directly scale on-chain without so-called boondoggle projects such as lightning and all the artificial limits that others apply.
Transaction fees are the only metric that will achieve success at the end of the day, and this comes only through volume on-chain.
If the fees cannot be kept under one-hundredth of a cent per transaction and ideally under a thousandth of a cent, the system has no point. Bitcoin is a micropayment system. So the so-called BTC and Ethereum boondoggle attempt at anything else will fail.
The only, and I mean only, the purpose of bitcoin is high-volume at low fees. So if anyone tells you that anything above a fraction of a cent is low fees, they are lying and attempting to deceive you.
Bitcoin is a micropayment system, first and foremost.
Bitcoin doesn't replace banks. Instead, Bitcoin enables the unbanked to be part of the digital economy because it creates the first digital cash system. This is what people fear!
I would like a lower fee... in time
But, not speculation.... use
Miners will make more than BTC x1000
CSW
Feb 25, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645815066051229?thread_ts=1645815066.051229&cid=C5131HKFX
https://t.me/CSW_Slack/4077
Telegram
CSW - Slack Channel
CSW
Feb 25, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645815066051229?thread_ts=1645815066.051229&cid=C5131HKFX
https://t.me/CSW_Slack/4077
Feb 25, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645815066051229?thread_ts=1645815066.051229&cid=C5131HKFX
https://t.me/CSW_Slack/4077
Forwarded from @RamonQuesada †🌷🙏
Criptoactivos: el nuevo reglamento europeo MiCA https://vimeo.com/681506495
Vimeo
Criptoactivos: el nuevo reglamento europeo MiCA
Mesa redonda en streaming: Criptoactivos: el nuevo reglamento europeo MiCA Jueves, 24 de febrero de 2022 a las 10 horas
Forwarded from RQT1 Mi RamonQuesada.com web blog (@RamonQuesada 🌷)
Nota (Ramon Quesada)
a la primera reversión del 15 de agosto del 2010
En realidad este incidente no es que mostro la coordinación entre los mineros y desarrolladores, como se plantea en el articulo, sino la imposición de Satoshi como líder único del desarrollo del proyecto, para solucionar de forma centralizada este incidente técnico, y demostrando como solucionar lo sucedido en SU proyecto, en un momento muy temprano donde la mayoría de mineros no tenían a penas noción de lo que hacían, el principal minero era Satoshi con su inversión en hardware y software, no fue para nada una solución consensuada, ni votada. y a pesar de la reversión de la cadena durante las horas que duró, el resto de la información si se ha quedado de forma inmutable.
Conclusión; La cadena de bloques de Bitcoin SI ha sido revertida, pero toda la información de las transacciones, que no coinciden con estos dos acontecimientos puntuales, de un total de 14h 47 siguen siendo inmutables. (15 de agosto de 2010 8 horas : 27 minutos y 11 de marzo de 2013 6 horas : 20 minutos.)
La inmutabilidad de Bitcoin es un mito compartido: una breve historia de las reversiones de transacciones y las reversiones de cadenas.
Publicado el 10 de octubre de 2021
dennis weidner
https://es.ramonquesada.com/espanol-es/la-inmutabilidad-de-bitcoin-es-un-mito-compartido-dennis-weidner/
a la primera reversión del 15 de agosto del 2010
En realidad este incidente no es que mostro la coordinación entre los mineros y desarrolladores, como se plantea en el articulo, sino la imposición de Satoshi como líder único del desarrollo del proyecto, para solucionar de forma centralizada este incidente técnico, y demostrando como solucionar lo sucedido en SU proyecto, en un momento muy temprano donde la mayoría de mineros no tenían a penas noción de lo que hacían, el principal minero era Satoshi con su inversión en hardware y software, no fue para nada una solución consensuada, ni votada. y a pesar de la reversión de la cadena durante las horas que duró, el resto de la información si se ha quedado de forma inmutable.
Conclusión; La cadena de bloques de Bitcoin SI ha sido revertida, pero toda la información de las transacciones, que no coinciden con estos dos acontecimientos puntuales, de un total de 14h 47 siguen siendo inmutables. (15 de agosto de 2010 8 horas : 27 minutos y 11 de marzo de 2013 6 horas : 20 minutos.)
La inmutabilidad de Bitcoin es un mito compartido: una breve historia de las reversiones de transacciones y las reversiones de cadenas.
Publicado el 10 de octubre de 2021
dennis weidner
https://es.ramonquesada.com/espanol-es/la-inmutabilidad-de-bitcoin-es-un-mito-compartido-dennis-weidner/
Ramon Quesada
La inmutabilidad de Bitcoin es un mito compartido. dennis weidner | Ramon Quesada
La inmutabilidad de Bitcoin es un mito compartido: una breve historia de las reversiones de transacciones y las reversiones de cadenas. Publicado el 10 de octubre de 2021 3:41 pm dennis weidner Articulo original: Bitcoin Immutability Is A Shared Myth- A Brief…