Bitcoin’s Proof of Work is well Worth its Fees

[kalijessep52860]

<br> Failed transfer money from Binance to bank account? It’s a bit like a password to your online bank account. So right now, we are just going to keep working like we’ve been doing for the past few years, try to make sure that we discuss on IRC a lot more, so that many people can see all of the small nitty-gritty details of how every feature is moving forward. We have Stack Exchange questions we’re going to go through. It’s time for the monthly segment about the Stack Exchange, Murch’s favorite Q&A section on the internet about Bitcoin. Mike Schmidt: Any final words as we wrap up this section of the newsletter? Mike Schmidt: There were two other items from the notes that we didn’t cover that I wanted to give either of you an opportunity to comment on. There are traders who follow the global news and events on Bitcoin to make trading decisions; they often make great money. If the Bakkt blueprint works as planned, a panoply of new Bitcoin funds would tap the pent-up demand for the cryptocurrency, making it a safe and easy choice for everyday investors-notably millennials getting their first 401(k)s. Wall Street could then tap Bitcoin’s popularity as an alternative to stocks and bonds to generate giant trading volumes.<br>>
Bitcoin was suggested as a digital currency that aims to emerge as an alternative to FIAT across nations. 1. In Finland, Bitcoin is treated as a commodity and not as a currency. Colleges and universities now offer degrees in cryptocurrencies and blockchain — and there are even children’s books written about the power of decentralization and the next wave of innovation that is made possible because the barriers that Bitcoin breaks down. So, this could sound like, I guess from a priority perspective, I don’t think it’s quite there. So, I don’t know if there’s much to talk about there. But the current LN as of today is 100% penalty-based, and it doesn’t seem like it’s going to change much. So, I didn’t do things like unilateral closes and gossip, but as you heard from the Summit notes, that stuff is actively being overhauled anyways. Mike Schmidt: Greg, for folks that may not be completely sure of the timelines for LN-Symmetry, they may say, «Hey, you had Greg on talking about Lightning, but LN-Symmetry wasn’t even in the LN Summit notes». If the user enters a passphrase containing null characters which fails to decrypt an existing wallet, indicating they may have set a passphrase under the old behavior, they’ll be provided with instructions fo<br>w<br>around.
» Folks may be familiar that the original activation of segwit included introducing native segwit v0 outputs, and that taproot activation was segwit v1, and that potential future soft forks could use other segwit versions as points of extensibility. » And Andrew Poelstra answered this, providing some background, some other hand-calculation verification techniques that he’s used previously, including Codex32, 바이낸스 마진 (written by Dwyerfalk 2955 Livejournal) and he estimates that it would take, even using some tricks and some helper lookup tables, that it would take about 1,500 hours to do that, 36 weeks of a full-time job, even using some of those tricks that he outlined in his answer. It was pretty wild to me how much it seemed like Poelstra had thought about this, and it almost seemed like he was waiting for someone to ask this question on the Stack Exchange to be able to give such a comprehensive answer! Mike Schmidt: Okay, Murch, so 1,500 hours is too much for you, but Poelstra mentioned in his answer, «If we could reduce this to one month, 160 hours of work, I think this would be a reasonable thing to do for a certain kind of super-paranoid Bitcoin user who only transacted ever<br>v<br>l years».
The remaining piece would be things like the mempool policy work, which we’re continuing to work on as a necessary precondition. But as well, I mean, the biggest one is requirements for something like anyprevout, right? Why Should One Incorporate OCO Order in Their Trading Strategy? This is as close to a traditional index fund as you will get in the Bitcoin trading space — as the portfolio is weighted based on factors like market capitalization, coin value, and recent performance. Binance maintains an insurance fund for futures which pools the collateral from trader fees to cover bankrupt clients’ positions. Given that all futures contracts in the platform are traded in Tether, you will have to deposit some Tether to start trading. In late 2019, Konrad Alber, a retired family lawyer in Germany, invested most of his savings on a trading platform he found online. Then step up to Tier 1, which includes trading in Solana and Dogecoin, among many others. And then async payments and trampoline, this is a longer-term effort, because it requires a lot of things that we’re working on but are not complete yet, before we can actually really do async payments. But to be honest, everyone’s feeling, I think, was that we’re not a big enough team of people actually working seriously on the specification to be able to split i<br>many working groups.

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