Considering always online as a messaging #L3 . An analogous layer like #Nostr to scale volume. Using boardwalk digicash as settlement solving UX. Bearer #stablecash in #Bitcoin. Diffie–Hellman key exchange will be robust with #p2p quorums. Experiment with a 3-3 mint quorum.
#Lightning the exit.
https://media0.giphy.com/media/3oz8xSwIOv5FGhZFjq/200.gif
@bolraj
Benali M4
Semi-automatic operation for rapid fire
ARGO (Auto-Regulating Gas-Operated) system for reliability under various conditions
Pistol grip for better control and handling
Adjustable ghost-ring sights for accuracy
Tactical rail for mounting optics or accessories
https://www.youtube.com/watch?v=_pHxgiefjqEhttps://www.youtube.com/watch?v=mVcVrl4Fnpk
WW1 Standard Model of 1911
Compact size for easy concealment
Lightweight aluminum frame
Novak sights for better accuracy
Enhanced grip design for better control
I find administering Relays and writing CSS to be the most fun, worthwhile endeavors I've learned in the past few years, being able to consistently add to it, becomes the fun part.
Key Concepts:
Autoregressive Coefficients (𝛽𝑖): These coefficients represent the influence of past values of Bitcoin returns on current values.
Intercept (𝛼): This represents the baseline level of Bitcoin returns.
Standard Deviation (𝜎): Measures the variability or volatility of Bitcoin returns.
Regime: Refers to different states or conditions that Bitcoin returns and MPU can exist in, such as high or low volatility regimes.
Transition Probabilities: The likelihood of moving from one regime to another over time.
Model Selection: The research discusses different variations of the Markov-switching VAR model, such as Markov-switching mean (MSM) and Markov-switching intercept (MSI), and determines the most suitable model based on criteria like the Akaike Information Criterion (AIC).
Empirical Results and Discussion:
Stationarity Tests: These tests check whether the data series (Bitcoin returns and MPU) are stable over time.
Cointegration Test: Determines whether there's a long-term relationship between Bitcoin returns and MPU.
Model Estimation: Estimates the parameters of the chosen model based on the data.
Transition Probabilities: Examines the likelihood of transitioning between different regimes.
https://w3.do/W_m57wHg
Posted via 🛰️ #Satcom (https://satcom.app)
**As a Layman, these were the best points I could extrapolate from study**
- **Undetectable Selfish Mining:**
- Selfish mining is a strategic deviation from the Bitcoin protocol where a miner can earn bitcoin faster by deviating from the intended protocol.
- Traditional selfish mining strategies have been statistically detectable due to the pattern of orphaned blocks, potentially impacting the value of BTC negatively.
- **Statistically Undetectable Strategy:**
- The paper introduces a variant of selfish mining that is statistically undetectable, meaning the pattern of orphaned blocks is indistinguishable from a scenario with only honest miners but higher network delay.
- This strategy involves producing orphaned blocks independently with a higher probability compared to honest miners, enabling miners to profit without detection.
- **Importance of Protocol Design:**
- The study highlights the importance of protocol design in maintaining the integrity and security of blockchain networks.
- Designers must consider the possibility of undetectable strategic deviations when claiming the incentive compatibility of protocols.
- **Nakamoto Consensus Protocol:**
- Bitcoin and many altcoins utilize the Nakamoto Consensus, a longest-chain protocol with proof-of-work.
- The protocol selects miners to create blocks proportionally to their computational power, with rewards distributed based on the longest chain.
- **Future Considerations:**
- The findings underscore the need for ongoing research to address vulnerabilities and ensure the robustness of blockchain protocols.
- Understanding the implications of undetectable selfish mining variants is crucial for maintaining trust and stability in decentralized systems.
https://w3.do/5xx5-8NK
My Morning Reading
**BRC-20: Hope or Hype**
- **BRC-20 Introduction:**
- BRC-20, short for Bitcoin Request for Comment 20, sparked significant interest in mid-2023, offering a unique approach to tokenization on the Bitcoin network.
- Unlike traditional ERC-20 tokens on Ethereum, BRC-20 introduces non-fungibility to Bitcoin by incorporating editable fields in each satoshi, making them unique.
- **Key Features:**
- BRC-20 tokens are created through ordinal and inscription processes, adding metadata to identifiable satoshis, the smallest unit of Bitcoin.
- This metadata, stored on-chain, allows for the representation of user-customized information, such as unique identifiers and images, enabling the creation of non-fungible tokens (NFTs) on the Bitcoin network.
- **Market Impact:**
- During the BRC-20 period (February to May 2023), Bitcoin's block size, mempool transactions, and transaction fees experienced significant fluctuations, indicating heightened activity and interest.
- Despite these developments, awareness of BRC-20 remains low among blockchain researchers and developers, highlighting a gap in user perception.
- **Research Approach:**
- The paper pioneers the exploration of BRC-20 through systematic, quantitative, and qualitative analyses.
- It delves into open-access resources to provide a comprehensive understanding of BRC-20's mechanisms and functionalities, alongside quantitative investigations into market performance and user sentiment.
- **Conclusion and Implications:**
- Through comparisons with established token standards and assessments of user perceptions, the paper identifies both the advantages and limitations of BRC-20.
- It proposes implications to address misconceptions and enhance understanding, emphasizing the need for further research and education in the evolving landscape of Bitcoin token standards.
Send Lightning tips via any lightning wallet to freedomscript@vlt.ge
https://w3.do/PPMdmqr1
If everyone adopted bitcoin today, that would essentially make the world borderless.
Maximalists must ensure sovereignty
Maintained by a community, which fixes by consensus
Keep in the principles of the Genesis Block
It is above the failure and success of today
Hard work is still in progress
Every single day, I see more positives and proof behind digital connections like Bitcoin. Which is the world leader in Finance currently, anyone seeking this tool has understood over time time the financial autonomy it brings as well. Improved standards for living, being a classic feature of Bitcoin.
Our waters meet with Venezuela, on the other side, watching threats of more sanctions for the region. Show that the alternative is to opt out and choose Bitcoin. To all Venezuelans for example, Bitcoin can be a path to individual awareness and economic progress.
There is a compelling argument, for the Venezuelan transacting in Bitcoin living in my region. A country that is vulnerable to traditional finance and the caustic volatility of it. Any sanction will only force swathes of people to live less than they deserve.
Very limited access to international trade. Cannot be excused because of challenges.
Cross Border or Via Living Abroad
The slow erosion of their dignity, will only lead to the eventual hedge against traditional finance.
In Venezuela, with a smartphone and internet connection and a dream.
Where the people could regain the finances
Where the people made growth
Where the people paved the way
That Venezuela
The time to accelerate Bitcoin in Venezuela is here.
https://image.nostr.build/93bbaafa88952acba4c359220e019f701b6b118d255bfe8e0ab588ab4509df71.jpg
"Economic energy stored in Bitcoin can withstand the test, more portable, holding value for a very long time."
Bitcoin, the pioneer has a robust store of economic energy, capable of withstanding the test of time. Its decentralized nature, built on the innovation and POW, ensures that the value stored in Bitcoin is resistant to manipulation and censorship. With a limited supply and a transparent, immutable ledger.
Furthermore, Bitcoin's portability sets it apart from traditional forms of wealth storage. Being digital in nature, Bitcoin can be easily transferred across borders and accessed by anyone with an internet connection. This inherent portability makes it an attractive option for individuals seeking to preserve their wealth in a globalized world. Moreover, Bitcoin's decentralized nature empowers individuals, allowing them to have full control over their funds without relying on intermediaries or centralized authorities.
In addition to its resilience and portability, Bitcoin has demonstrated its ability to hold value over extended periods of time. With a finite total supply of 21 million coins, Bitcoin's scarcity contributes to its value retention. Its decentralized network, maintained by a global community of miners, ensures the integrity and security of transactions, further bolstering its long-term store of value proposition.
Bitcoin's economic energy, supported by its decentralized nature, portability, and proven history of value retention, positions it as a compelling asset for those seeking a durable and borderless store of wealth.
It just a great investment idea, to reach most people. Being available to all, from any region. Bitcoin-rights wills scale with time. The unified approach to saving your life force is a mobile wave coming to Bitcoin.
#Bitcoin #CreateAbundance #ValueDriven
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