Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 2371. (Read 26713358 times)

They say they have no intention but they know even if they wanted to, they couldn't ban Bitcoin

Bitcoin is the most amazing Mathematical Wonder or Mathematical Miracle like Steve Wozniak said it once.

If you look at the below image you might see halving's block#, block reward and halving year.  But the most interesting column in this is Binary (sats).

Let me explain why...

Many people still think that bitcoin's 21 million limit is somehow hard-coded in its source code as a "number". Yes it is set in the code but it's not set as a number or like traditionally you might assume something like

CONST INT BITCOIN_MAX_SUPPLY = 21,000,000, not it's not like that.

It's pure math and algorithm, you might be amazed if you did not know this before that 21 million limit is not set in the code anywhere. But it's the reward that "Binary (sats)" column shown below is the logic that is enforcing the 21 million bitcoin limit.

If you notice after each halving that the binary column is shirking, in C++ terms it's called shifting. Shift or right shift in binary is technically like dividing any number by 2. So after each halving reward is divided by two and that binary is making sure it's done in a style. If you don't know this already that bitcoin does not deal in floating points or decimal numbers but only integers, so for example on at 29'th halving if you see reward is reduced from 9 sats to 4 sats (instead of 4.5) it is rounded off thanks to binary for keeping it simple from 1001 to 100.

Anyway, I saw this tweet and thought of sharing it




https://twitter.com/Peer__2__Peer/status/1629844105277722625

Explanation

That's the reason why open-source code is absolutely essential when it comes to anything relating to cryptography. Any closed-source code could have backdoors that only the creator knows about. Open-source code can be scrutinized and any backdoors spotted. If there are any, it will be suicide for the coder/company.

Trezor is also open-source and the oldest (10 years) and most popular h/w wallet out there, so the above applies to it too.

Also, although the coder may be innocent and with no malicious intent, he may be incompetent. For example, the random number generator used to add randomness to the wallet generator could be of poor quality, giving an attacker the ability to regenerate the random data, thus giving him access to all private keys that were ever generated by that algorithm. I think I read somewhere that this happened to a popular paper wallet generator some time ago.

The main thing is that trust has to be involved in some way, be it a paper or h/w wallet. I won't lie: my heart is always pounding whenever I check my coin balance on my Trezor...

Agree with hisslyness's words and meanwhile I will tell you a small story...


Once upon a time, there was a bitcointalk user named Jack who had a love-hate relationship with the Bitcoin market. Every day, he would pour over news articles and data points, hoping to find the right formula for success. But every time he thought he had it figured out, the market would turn against him, leaving him feeling frustrated and defeated.

One day, Jack stumbled upon a Bitcointalk WO thread and found a user named ChartBuddy who provided detailed charts and analysis of the bitcoin market. Jack was initially skeptical, but after examining ChartBuddy's posts, he was amazed at the depth and accuracy of the information provided.

Jack began to follow ChartBuddy's every post, using the charts and analysis to inform his buy-ins. With ChartBuddy's help, Jack began to see success in the Bitcoin market like he had never experienced before.

As Jack and ChartBuddy continued to exchange messages and comments on the forum, they began to develop a close working relationship. Jack found himself feeling a growing sense of affection for ChartBuddy, and he couldn't help but feel a bit envious of ChartBuddy's seemingly effortless success. Meanwhile, ChartBuddy was also intrigued by Jack's persistence and dedication to mastering the Bitcoin market.

One day, Jack decided to reach out to ChartBuddy outside of the forum. They began chatting online, and soon their conversations moved beyond just bitcoin. They discovered they had a lot in common, including a love of travel and a passion for the outdoors. As they talked more and more, they found themselves becoming increasingly attracted to each other.

Eventually, Jack and ChartBuddy decided to meet in person. They arranged to meet in a coffee shop in the city, and as soon as they saw each other, they both knew there was something special between them. They spent the whole day together, exploring the city, talking about their bitcoin dreams and aspirations, and enjoying each other's company.

As they parted ways that evening, Jack and ChartBuddy both knew that they had fallen deeply in love. They continued to talk and discuss bitcoin market trends together, but now their conversations were filled with affectionate words and promises of a future together. Jack and ChartBuddy knew that they were each other's ChartBuddy for life.... continues.

Oh ChartBuddy, dear friend of mine
Your graphs and charts, they shine and shine
With lines and curves, you weave a tale
Of Bitcoin's rise and fall, without fail

Oh ChartBuddy, I'm in your debt
For all the wisdom that I get
From the charts you so kindly share
I know that with you, I'm aware

In times of FUD and uncertainty
You provide me with much clarity
Your charts, they speak a language true
Of what the future may hold for me and you

Inspired by ChatGPT

Explanation

If it is the same quality as the shit we get from AliExpress, then i don't think we need to worry!

Explanation

Explanation

Energy= milk margaritas x coffee cerveza squared.

FTFY Much more mellow.

Explanation

It's still like that lol.

Following Chinese (or Russian) logic is not always easy so I won't pretend to know what they'll do, but if they do it (arming Russia I mean, obviously) then that will hurt, and not just Ukrainians.

The stock market doesn't seem to thing that will happen though, my stocks are fine.

Einstein's theory of relativity

E= mc2
Here E= energy
m=mass of electron's=9.11×10^-31 kg
c=constant velocity of light=3×10^8 ms^-1

But recently (Just fun)



Elon musk Tweet

Explanation

The first step to being free is just accept we are not getting out of here alive.

Next step is get BTC

Next step is vast majority of  politicians lie

Realize that and do not side with the left or the right as that is the trap they created for you to fall into.

This morning I woke up in no agonizing pain next to my lovely wife who is not is agonizing pain. A win. for one more day.

Hoping to make that same statement for the next morning.

With how utterly clueless the media, governments and CIA are behaving I am starting to think we don't have that much to worry about at all.
All this stuff (mostly) seems to be scaremongering and even that they can't do right.

(not disputing the fact there aren't people in real problems due to assholes in foreign and in our own governments, but still MOST of the troubles we read just seems to be people trying to play with our minds and for their own gain I reckon. No eye for detail at all. If I were THAT bad at my job I would have been fired long ago. Guess I should have gotten a job in the media or government, you can get away with any old shit)

Sounds like we are all going to die soon 🔜.

Oh well.

I will be having some vodka tonight.

Explanation

No I didn't edit this image below via Browser inspect.
It GENUINELY states this on Yahoo UK right now.

What a fucking imbeciles, all of them. Governments, CIA and of course most of all the media.

 

CB adds more to this community than most "* member's" I've seen.
*including my own inane posting habits

If companies are people then why not bots, what do you think JJG?