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04-03 12:24 - '"1) Busting the Myth: “Bitcoin has zero value & is backed by nothing.” / #Bitcoin is backed by the resilience of a decentralized network of miners that maintain block validation which establishes a consistent Financ...' by /u/twitterInfo_bot removed from /r/Bitcoin within 39-49min

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"1) Busting the Myth: “Bitcoin has zero value & is backed by nothing.”

Bitcoin is backed by the resilience of a decentralized network of miners that maintain block validation which establishes a consistent Financial System. Monetary Policy is dictated by code, NOT the

"
publisher: @mjdsouza2
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Author: twitterInfo_bot
submitted by removalbot to removalbot [link] [comments]

Is this chart still valid for bitcoin next block time probability?—is this the basis of why current hashrate is hard to measure?

Is this chart still valid for bitcoin next block time probability?—is this the basis of why current hashrate is hard to measure? submitted by coinsmash1 to Bitcoin [link] [comments]

BitcoinXT was simply a client that accepted larger blocks as valid. This idea was so dangerous the thought police labeled it an altcoin and banned all discussion. But it was an idea, and that idea lives on today, as Bitcoin Cash, stronger than ever

We all reinforce this idea everytime we #SpendBCH or accept it as payment thus validating it as a currency.
If you are paying bills, buying an iphone, or posting a memo, you are contributing to the idea that Bitcoin should be Cash.
Special shout out to all the haters on memo for helping on-chain TXs grow :)
submitted by SpendBCH_io to btc [link] [comments]

10-08 00:23 - 'That's about the only valid criticism of big blocks I can think of. / They could easily put a delay to where blocks will only be accepted once a majority of miners agree on the block. / You can either find a solution or...' by /u/juliushenkin removed from /r/Bitcoin within 116-126min

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That's about the only valid criticism of big blocks I can think of.
They could easily put a delay to where blocks will only be accepted once a majority of miners agree on the block.
You can either find a solution or just give up on blockchain scalability forever (which is your philosophy)
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Author: juliushenkin
submitted by removalbot to removalbot [link] [comments]

Is this chart still valid for bitcoin next block time probability?—is this the basis of why current hashrate is hard to measure?

Is this chart still valid for bitcoin next block time probability?—is this the basis of why current hashrate is hard to measure? submitted by coinsmash1 to CryptoCurrency [link] [comments]

Prove me wrong: BCH is already "Bitcoin". It has the most cumulative proof-of-work among VALID SHA256 block chains

BTC may currently have most cumulative proof-of-work, but this is irrelevant because BTC has been invalid per the white paper (i.e. did not follow Nakamoto Consensus) ever since block 494,782. This is a factual determination of "validity" that can never be rectified by BTC unless someone rolls it back and restarts the chain at 494,783 with "2x" included. Therefore, BTC is not Bitcoin now, nor can it ever be going forward.
BCH is already Bitcoin, because it is the valid SHA256 block chain that has most cumulative proof-of-work.
With almost a $9k valuation, BTC continues to be something, but it's definitely no longer "Bitcoin".
submitted by AcerbLogic to btc [link] [comments]

10-08 00:23 - 'How could running nodes stop the miners from a 51% attack? You need hashrate to have your validation be considered in the deciding of blocks.' by /u/juliushenkin removed from /r/Bitcoin within 110-120min

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How could running nodes stop the miners from a 51% attack? You need hashrate to have your validation be considered in the deciding of blocks.
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Author: juliushenkin
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Bitcoin Q&A: Block Height, Syncing, and Validation - Andreas Antonopoulos

Bitcoin Q&A: Block Height, Syncing, and Validation - Andreas Antonopoulos submitted by LightningPlus to Bitcoin [link] [comments]

#crypto #cryptonews #bitcoin #So you want small blocks with high fees to validate your own on chain transactions that happen OFF CHAIN?

#crypto #cryptonews #bitcoin #So you want small blocks with high fees to validate your own on chain transactions that happen OFF CHAIN? submitted by vegasbooty to Cryptoandme [link] [comments]

Full Nodes & Block Size: The Importance of Keeping Validation Costs Low in Bitcoin

Full Nodes & Block Size: The Importance of Keeping Validation Costs Low in Bitcoin submitted by koocer to Bitcoin [link] [comments]

[VIDEO] by Andreas Antonopoulos Bitcoin Q&A: Block height, syncing, and validation

[VIDEO] by Andreas Antonopoulos Bitcoin Q&A: Block height, syncing, and validation submitted by a36 to AllThingsCrypto [link] [comments]

aantonop - Bitcoin Q&A: Block height, syncing, and validation

aantonop - Bitcoin Q&A: Block height, syncing, and validation submitted by Yanlii to cryptovideos [link] [comments]

Bitcoin Paper: "They vote with their CPU power, expressing their acceptance of valid blocks by working on extending them and rejecting invalid blocks by refusing to work on them. Any needed rules and incentives can be enforced with this consensus mechanism."

submitted by Egon_1 to btc [link] [comments]

AANTONOP: Bitcoin Q&A: Block height, syncing, and validation

AANTONOP: Bitcoin Q&A: Block height, syncing, and validation submitted by sexyama to crypto_currency [link] [comments]

It’s mind boggling to hear people say Bitcoin blocks should be so small that you can run full nodes on tiny hard drives to self-validate txs but in the same vein think $100 tx fees are okay. I highly doubt these same people are even validating their own txs w/such high fees.

It’s mind boggling to hear people say Bitcoin blocks should be so small that you can run full nodes on tiny hard drives to self-validate txs but in the same vein think $100 tx fees are okay. I highly doubt these same people are even validating their own txs w/such high fees. submitted by BitcoinXio to btc [link] [comments]

Bitcoin Unlimited developer only supports Emergent Consensus if it gives the results he wants - centralized committee to invalidate valid blocks on longest chain if they lose

Bitcoin Unlimited developer only supports Emergent Consensus if it gives the results he wants - centralized committee to invalidate valid blocks on longest chain if they lose submitted by ricco_di_alpaca to Bitcoin [link] [comments]

Again 5) Nodes accept the block only if all transactions in it are valid and not already spent. All rather clear in the Whitepaper - this is what the scammers do not want to have you understand. They WANT to cripple Bitcoin. To have you run a Sybil CSW /r/bitcoinsv

Again 5) Nodes accept the block only if all transactions in it are valid and not already spent. All rather clear in the Whitepaper - this is what the scammers do not want to have you understand. They WANT to cripple Bitcoin. To have you run a Sybil CSW /bitcoinsv submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

On the Necessity of a Prescribed Block Validity Consensus: Analyzing Bitcoin Unlimited Mining Protocol

submitted by supermari0 to btc [link] [comments]

A definition of block validation in Bitcoin

For those that extol the virtues of fully validating but non-mining nodes, please consider this definition...
"Nodes ... vote with their CPU power, expressing their acceptance of valid blocks by working on extending them and rejecting invalid blocks by refusing to work on them."
...so I'll take Satoshi's above definition in favor of yours, primarily because the definition accounts for all incentives and actually makes logical sense for a peer to peer digital cash network.
submitted by zeptochain to btc [link] [comments]

It is these users who keep Bitcoin decentralized. They individually run their own Bitcoin Core full nodes, and each of those full nodes separately follows the exact same rules to decide which block chain is valid — I'm super out of BTC

All that in the oficial website https://bitcoin.org/en/bitcoin-core/
submitted by Maesitos to btc [link] [comments]

Proposed Bitcoin Unlimited Excessive Defaults for Block Validation

Proposed Bitcoin Unlimited Excessive Defaults for Block Validation submitted by HostFat to btc [link] [comments]

Transaction-parallel block validation in Bitcoin

Transaction-parallel block validation in Bitcoin submitted by jtoomim to Bitcoin [link] [comments]

Free Bitcoin Mining Site 2020  How to Earn 2 BTC daily  Live Payment Proof Bitcoin: Confirming the Genesis Block Bitcoin Q&A Block height, syncing, and validation Free Bitcoin Mining site  Bitcoin earn up 2 daily bitcoin miner Live Payment Proof orphaned blocks - bitcoin q&a: empty blocks, orphan blocks -block digest #221.5 - orphaned block #20

With the Bitcoin.org client, the node accepts a block only after none of the verification steps fail. Each block in the block*chain* is linked to a prior block with a reference to that prior block's hash. So take the case where a node sees the longest chain ending at height 1,000. Then it receives a block 1,001. There are multiple valid solutions for any given block - only one of the solutions needs to be found for the block to be solved. Because there is a reward of brand new bitcoins for solving each block, every block also contains a record of which Bitcoin addresses or scripts are entitled to receive the reward. Bitcoin Core is programmed to decide which block chain contains valid transactions. The users of Bitcoin Core only accept transactions for that block chain, making it the Bitcoin block chain that everyone else wants to use. For the latest developments related to Bitcoin Core, be sure to visit the project’s official website. Any Bitcoin miner who successfully hashes a block header to a value below the target threshold can add the entire block to the block chain (assuming the block is otherwise valid). These blocks are commonly addressed by their block height —the number of blocks between them and the first Bitcoin block (block 0, most commonly known as the There are multiple valid solutions for any given block - only one of the solutions needs to be found for the block to be solved. Block reward [ edit ] Because there is a reward of brand new bitcoins for solving each block, every block also contains a record of which Bitcoin addresses or scripts are entitled to receive the reward.

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Free Bitcoin Mining Site 2020 How to Earn 2 BTC daily Live Payment Proof

This also means that when a miner has found a valid block, he must have burned statistically more energy for all failed attempts. This id proof of business kanı is at the heart of Bitcoin's success. Individual blocks must contain a proof of work to be considered valid. This proof of work is verified by other Bitcoin nodes each time they receive a block. Bitcoin uses the hashcash proof-of-work ... This also means that when a miner has found a valid block, he must have burned statistically more energy for all failed attempts. This id proof of business kanı is at the heart of Bitcoin's success. A little bit different of a video today. A lot of people have been talking about cryptocurrencies this year so I figured I would make a video about how the blockchain works for bitcoin. For anyone ... bitcoin block collision! bitcoin q&a: empty blocks, orphan blocks, and valid chains. bitcoin miners sometimes produce blocks which causes one of the blocks to be orphaned. miners produce blocks as ...

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