Crypto Notes: Difference between revisions
Jump to navigation
Jump to search
No edit summary |
No edit summary |
||
| Line 7: | Line 7: | ||
*Non egalitarian mining - you need serious equipment - which . | *Non egalitarian mining - you need serious equipment - which . | ||
*Now banks are investing in crypto. But stocks. Institutional investors now. | *Now banks are investing in crypto. But stocks. Institutional investors now. | ||
*Bitcoin can not be debased. | |||
*Banks that control the world are getting crypto. Social problem of debt slavery is not being solved. | |||
Revision as of 21:07, 22 February 2021
- Halving time - every 4 years
- Value goes up 1 year after halving
- MD5 checksum - variable quantity of data - pass it through a checksum. Fixed length checksum is created.
- Cryptographic - is a one way hash function. Takes public data, add a nonce. To get a certain number of zeros at the start of a hash.
- Hash cash - brute force a calculation. Hash cash was concept used.
- 51% of miners decide when to do the next halving.
- Non egalitarian mining - you need serious equipment - which .
- Now banks are investing in crypto. But stocks. Institutional investors now.
- Bitcoin can not be debased.
- Banks that control the world are getting crypto. Social problem of debt slavery is not being solved.