I dont understand bitcoin

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График биткоина 2021 года считаю, что

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It can morph and slowly change over time. No one controls it. While the Bitcoin protocol determines consensus objectively, the means of determining changes to the objective consensus are subjective. His presentation was based upon this blog post. Sergej Kotliar penned this piece years ago describing why bitcoin has similarities to religion. As he notes, there is a bit of magic to the fact that the system works as a whole, because it relies upon non-technical components.

However, you must trust everyone in aggregate. While bitcoin can be described as trustless in the sense that a full node operator needs not trust any other participants on the network, at a meta level there is often some form of trust involved. As such, when experts clash, the crowd divides and takes sides behind the experts whose arguments they find most compelling. As Shaolin Fry recently noted , we should strive to avoid politicization of proposed protocol improvements.

Rather, it means that the direction of the system is not driven by politics in which one group of people forces their beliefs upon another. We should instead strive for a system of permissionless innovation wherein participants can signal that they want to interact in certain ways, regardless of what other participants signal. Some bitcoin users achieve such a sufficient understanding of the protocol that they begin to envision potential improvements, at which point they try to change the system to better fit their perspective.

Ryan X Charles covered the high-level philosophies of the two most popular viewpoints in the scaling debates. Much of the contention in these debates comes from: a different priorities and b different beliefs in the use cases for bitcoin. Unfortunately, a significant portion of participants in these debates have taken their perspectives and developed them to the point of dogmatic belief, which makes it nearly impossible to engage in intellectual discourse.

Dogma: "Doing X is an attack on Bitcoin! One reason I believe that it is easy for people to project their perspective upon bitcoin is due to its lack of specification and thus lack of clear objectives. But even this simple description can easily be interpreted in many ways. Much as you can find a variety of perspectives and interpretations of the US Constitution or the Bible or the Quran, so can the writings of Satoshi be interpreted and debated.

The projection of individual perspectives onto bitcoin has led to the same sort of fracturing we can observe in political, philosophical, and religious systems. A group starts out on mostly the same page, but then an issue arises about which the group can not form a consensus.

The individuals begin to polarize their perspectives and support actions that foster tribalism. Party lines are drawn, litmus tests are applied to newcomers, dissenting speech is suppressed, propaganda is perpetuated, communications break down, and echo chambers are formed. As a result, today, bitcoin debates often devolve into fallacious assertions and name calling, where one party considers the other party to be either ignorant or malicious. This is unfortunate because people often end up talking past each other under the assumption that they are right and the other party is wrong.

The diversity of perspectives and use cases was the topic of one of the first articles I ever wrote about bitcoin. I will suggest, however, that you should recognize it as such — not as a malicious attack that you must defend against with a direct counterattack. While it can be unpleasant, we should remember that it is the result of a feature rather than of a flaw in bitcoin. Bitcoin ecosystem participants should be humble when discussing it rather than confident that our understanding of the system is superior to that of others participating in a discussion.

I, for one, have found my conversations to be more productive after making this realization. Bitcoin will naturally converge upon the least common denominator of human consensus — that which is beneficial or at least not harmful to the greatest subset of participants. None can control it. Final step: realizing that "understanding" is a moving target. The result can be bewildering, but there is no need for negativity. Jimmy Song also made a great case for optimism in the face of deadlock and despair.

I will continue my quest to consume as much information as possible about this new ecosystem, but have long since given up the goal of understanding bitcoin. The faster I run toward the finish line, the further it moves away from me. You can be any of these things It was also possible to put a pushdata opcode right at the end of a scriptSig to turn the entire scriptPubKey into a constant which evaluates to true. Satoshi always believed there should only be one piece of bitcoin node software.

The apparent purpose of that opcode was so that you could add features to script and have only the newer supporting versions see those new opcodes there also was originally 16 bits of opcode space in the codebase. So, any user could make the system fork any any time!

This change itself was a soft fork because the original versions ignored unknown opcodes. It can also be stored securely, either digitally or on paper. Unlike traditional currency, bitcoin transactions are both public and largely anonymous. Bitcoin does a number of things that traditional money, gold, credit cards and checks do, but it does it without a central bank.

Bitcoin also does it digitally and in a way that is very difficult and arguably impossible to forge. These characteristics are so desirable that many people are trading traditional currencies for bitcoin. Bitcoin has a limited supply today there are only 16 million bitcoins and the currency will only ever have 21 million coins.

This is a limited global supply but an in increasing global demand. Bitcoin is becoming more widely accepted and easily transferable. You could store money in a vault or under your mattress but it was difficult and impractical to do so because ease of transfer and portability are important. This is why centralized digital payment companies like credit cards, PayPal and Venmo took off. They made payment easy and portable.

But these methods are centralized. Anyone who has had their credit card stolen or had their PayPal account locked up knows how crippling this can be. Technological disruption often eliminates middlemen. It allows people to deal directly rather than indirectly. Bitcoin is eliminating the arbitrage of a bank. It allows people to control their own funds directly. For all the things that are positive about bitcoin, there are a number of problems worth discussing. These problems are being worked on by teams around the world, and given the decentralized nature of bitcoin, will require consensus to solve.

I believe that the future will have more cryptocurrencies rather than fewer. My predictions:. I believe that many aspects of cryptocurrencies will become inevitable. The collapse of Lehman Brothers, the fraud at Wells Fargo and others have created new opportunities for bitcoin and beyond. I believe the future is bright for digital currencies. Greg Raiz founded Raizlabs in with a vision to create awesome software.

Greg is a leader in the Boston and SF technology and mobile community and has worked on a wide range of problems. Follow us:. What is It? Why is Bitcoin Valuable? It can store your money.

Фраза, бесподобна пункты обмен валюты в самаре Всё выше

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The block size was originally only implicitly limited by the network message size of 32MB. And who could forget the value overflow bug that allowed someone to create billion bitcoins! There is even a compilation of known problems with the white paper available here.

I think this distinction is particularly relevant given that: a Satoshi stopped contributing to bitcoin many years ago, and b bitcoin has no formal specification. You can tell how little bitcoin is understood simply by the vast amount of research being done to analyze and improve upon it. Google Scholar articles published mentioning Bitcoin: 83 1, 3, 3, 3, Satoshi once stated that the core design was set in stone and other implementations would be a menace to the network.

People often take this quote and others from Satoshi and use it to fallaciously argue via appeal to authority that the bitcoin protocol must evolve in a specific way. We have even seen that a single implementation can be a menace to the network when machine-level differences can cause consensus failure, as happened in with the Berkeley DB chain fork.

Recall my earlier description of bitcoin being the result of a melting pot of contributions. This really took hold once Satoshi released his pet project that he had been working on in secret for several years. The very first week that bitcoin launched, it also gained its first collaborator, Hal Finney.

Definition of Bitcoin is like a definition of a word. It can morph and slowly change over time. No one controls it. While the Bitcoin protocol determines consensus objectively, the means of determining changes to the objective consensus are subjective. His presentation was based upon this blog post. Sergej Kotliar penned this piece years ago describing why bitcoin has similarities to religion.

As he notes, there is a bit of magic to the fact that the system works as a whole, because it relies upon non-technical components. However, you must trust everyone in aggregate. While bitcoin can be described as trustless in the sense that a full node operator needs not trust any other participants on the network, at a meta level there is often some form of trust involved. As such, when experts clash, the crowd divides and takes sides behind the experts whose arguments they find most compelling.

As Shaolin Fry recently noted , we should strive to avoid politicization of proposed protocol improvements. Rather, it means that the direction of the system is not driven by politics in which one group of people forces their beliefs upon another. We should instead strive for a system of permissionless innovation wherein participants can signal that they want to interact in certain ways, regardless of what other participants signal.

Some bitcoin users achieve such a sufficient understanding of the protocol that they begin to envision potential improvements, at which point they try to change the system to better fit their perspective. Ryan X Charles covered the high-level philosophies of the two most popular viewpoints in the scaling debates. Much of the contention in these debates comes from: a different priorities and b different beliefs in the use cases for bitcoin.

Unfortunately, a significant portion of participants in these debates have taken their perspectives and developed them to the point of dogmatic belief, which makes it nearly impossible to engage in intellectual discourse. Dogma: "Doing X is an attack on Bitcoin! One reason I believe that it is easy for people to project their perspective upon bitcoin is due to its lack of specification and thus lack of clear objectives.

But even this simple description can easily be interpreted in many ways. Much as you can find a variety of perspectives and interpretations of the US Constitution or the Bible or the Quran, so can the writings of Satoshi be interpreted and debated. The projection of individual perspectives onto bitcoin has led to the same sort of fracturing we can observe in political, philosophical, and religious systems. A group starts out on mostly the same page, but then an issue arises about which the group can not form a consensus.

The individuals begin to polarize their perspectives and support actions that foster tribalism. Party lines are drawn, litmus tests are applied to newcomers, dissenting speech is suppressed, propaganda is perpetuated, communications break down, and echo chambers are formed. As a result, today, bitcoin debates often devolve into fallacious assertions and name calling, where one party considers the other party to be either ignorant or malicious.

This is unfortunate because people often end up talking past each other under the assumption that they are right and the other party is wrong. The diversity of perspectives and use cases was the topic of one of the first articles I ever wrote about bitcoin.

I will suggest, however, that you should recognize it as such — not as a malicious attack that you must defend against with a direct counterattack. While it can be unpleasant, we should remember that it is the result of a feature rather than of a flaw in bitcoin. Bitcoin ecosystem participants should be humble when discussing it rather than confident that our understanding of the system is superior to that of others participating in a discussion.

I, for one, have found my conversations to be more productive after making this realization. But what is it, exactly? The important thing to remember is that you can use and understand Bitcoin without truly understanding all of its mechanics.

Casares compared Bitcoin to the internet, something that many people use without fully comprehending how the technology works. Unlike regular money, Bitcoin was developed to reach a finite amount; there will never be more than 21 million Bitcoin in the world. The third quality that makes Bitcoin unique is that it gives you the ability to send currency instantly to anyone in the world. The people explaining it.

We make it more complicated than it needs to be, because it makes us sound more intelligent, I guess, or something. Without really understanding how Or even a credit card. Most people feel very confident with a credit card, understanding how it works. But if you ask them, what happens when you swipe the card, where does that information go? At what point does it get approved? Who says it, right? The same thing with internet and the same thing for bitcoin.

And the things that do matter and that we do need to understand of bitcoin are quite simple, really. And it is not possible to control it. Without it, it would be irrelevant. It has a lot of very positive consequences. It has some potentially negative consequences. Nobody can control it. Not me. Not any group of people. Not any company. Not any country. Not any army. Number two, is there will never be more than 21 million bitcoin. And that cannot be changed.

And number three, whenever you have some bitcoin, you are free to send it to anyone you want, anywhere in the world, pretty much in real time, and pretty much for a very, very low cost. And I call -- a lot of people call it the uncensorability of bitcoin.