Crypto Notes

• 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.
• ERC20 token- do an ICO on the Ethereum blockchain.
• Premine - only person mining before announcing.