The Story behind the Alternative Genesis Block of Bitcoin

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    samanthasun
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    <br> The first one, at first I thought this was kind of a funny question, but I actually got a lot of interest on the Stack Exchange, which is, “How can I manually, on paper, calculate a Bitcoin public key from a private key? And, Murch, you asked and answered this question, and in your question you noted that usually decisions, like determining the ranges of values for something, involves binary powers of 2, which would point to something like 16 segwit versions or 32 segwit versions, but we have 17 segwit versions. Murch, I’m sure you dug through that and you have thoughts on his answer and the question generally? 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: Next question from the Stack Exchange is, “How do route hints affect pathfinding<br>>
    <br>> But there’s also this technique that Christian Decker mentioned in his answer to this question on the Stack Exchange, which is route boost, which means that I can also provide some sort of hints about channels that I’m aware of that have adequate capacity for the payment that I wish to receive. It’s time for the monthly segment about the Stack Exchange, Murch’s favorite Q&A section on the internet about Bitcoin. So, yeah, it’s just because we can express the number 0 through 16 with a single byte, and that’s why we have 17 native segwit versions defined in, I think it’s BIP141, yeah. And it seemed to me that that was the most likely explanation, because in an output script, when we define a native segwit output, what we do is we put a version byte, and then we put a witness program, which, of course, there are three defined of. A decentralized version would still need to think about all of that. Rust implementation, code for a Bitcoin Core integration, and Pieter Wuille’s talk about an earlier version of miniscript (video, transcript, Optech summary). Bitcoin has a short investing history filled with very volatile prices. And on trampoline, I think that, again, people expressed interest in implementing trampoline, but I’m still waiting to see if this actually catches on, because many people are interested, but it still doesn’t seem to meet visit the next internet site bar for implementation in the s<br> <br>m.
    I see tweets about it, I see reviewers commenting on it, I see Stack Exchange questions about it. We have five questions that we covered this week. We have Stack Exchange questions we’re going to go through. But the current LN as of today is 100% penalty-based, and it doesn’t seem like it’s going to change much. 11:12 Diego Zuluaga: I think it’s worth going back to the title of the foundational paper for Bitcoin, which is a peer-to-peer electronic cash system. Mark Erhardt: I would say that working with the people at BitGo for a few years has made me way more paranoid, and I don’t think that anytime soon I’m going to be nearly as paranoid to want to do this. This is moving slowly, and I hope it gets done at some point, but this is going to take time. Andrew Chow gets into some of the design choices in BIP125 Opt-in Replace by Fee (RBF) and compares it to the First Seen Safe Replace by Fee (FSS-RBF) approach. ” And Andrew Poelstra answered this, providing some background, some other hand-calculation verification techniques that he’s used previously, including Codex32, 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 outlin<br>n<br>s answer.
    And frankly, I don’t think that it is whatsoever reasonable for anyone to do multiple hours of calculation just to do transactions, let alone multiple months and, yeah, so I don’t know. 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 every several years”. 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”. Mike Schmidt: Any final words as we wrap up this section of the newsletter? Therefore, it but natural to subscribe to newsletter providing the most updated Bitcoin news from various parts of the world. The demand for global cryptocurrency trading platforms is growing along with the industry, and Binance is there, always providing fresh tools for all those with a stake in the digital market. The market correction, he argued, had been inevitable, given the <br>d price increase.

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