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BITCOIN 101: UNDERSTANDING BITCOIN
#Bitcoin is an open-source protocol that enables peer-to-peer transactions without the need for intermediaries. The network is secured through cryptography and operates on a public ledger known as the blockchain.
₿itcoin Commonwealth retweeted
User funds are safe!
It does look like a hack on Binance. Appreciate the quick freeze from Tether (~$971m) and Circle (~$823m).
I don't manage Binance (.com) anymore, but as a shareholder, I expect all user funds will be fully covered.
Replying to @FinanciallyFox
I’m fighting against fiat and for sound money for planet earth. Won’t ever stop
Replying to @Xbt_Live
BIP110 was not to fight spam. It was to prevent CSAM attacks.
BLAKE2b wasn't either - it was to restore functionality to the network after the miners attacked it.
Neither was the long maturity - that was to fight Stratum pooling.
Bitcoin fights spam with filters. And it's very effective. From nearly 2 MB of spam per block to 120k is a 94% reduction. And as you notice, Plumb is paving the way to reduce it further.
Spam is still bad, but no longer a serious problem for Bitcoin.
I truly respect @knutsvanholm for trying to reason with these dummies.
I will never.















