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Keep going back to: >> Explain Bitcoin as completely as possible in a single tweet. > It's like if idling your car 24/7 occasionally produced solved Sudoku pu

Keep going back to: >> Explain Bitcoin as completely as possible in a single tweet. > It's like if idling your car 24/7 occasionally produced solved Sudoku puzzles that you could then exchange for heroin. * https://twitter.com/VessOnSecurity/status/1135243595273986048 https://twitter.com/VessOnSecurity/status/113524359527398604... Edit: per /u/tgamblin (of Spack fame), this was originally from @Theophite.

JoeCortopassi 3y ago
Bitcoin is cryptographically secured distributed accounting ledger, that created a novel way to incentivize participation
- Andrex 3y ago
  Thank you HackerNewsGPT.
  - rendang 3y ago
    Would ChatGPT have omitted the article? Maybe ESL-ChatGPT
- wolf89618 3y ago
  [dead]
- madeofpalk 3y ago
  Thank you!
- throw0101d 3y ago
  As someone who has used cryptography† since he downloaded PGP 2.x in the early 1990s, and was around for the Crypto Wars (using the "non-us" Debian repos), I am aware what Bitcoin is technically-speaking. † This includes using chained hashes: * https://man.freebsd.org/cgi/man.cgi?query=opie&sektion=4 https://man.freebsd.org/cgi/man.cgi?query=opie&sektion=4 * https://datatracker.ietf.org/doc/html/rfc1760 https://datatracker.ietf.org/doc/html/rfc1760 * https://datatracker.ietf.org/doc/html/rfc2289 https://datatracker.ietf.org/doc/html/rfc2289
  - FabHK 3y ago
    > Crypto Wars Ah, the good old days, when "crypto" meant cryptography, and not some polluting get-rich-quick scheme. ETA: https://en.wikipedia.org/wiki/Crypto_Wars https://en.wikipedia.org/wiki/Crypto_Wars
sspiff 3y ago
Except you're not idling your car, you're effectively redlining it 24/7.
- the_snooze 3y ago
  Exactly. It's wasteful by design, with incentives to increase hash rates in the face of efficiencies instead of taking the savings. And the hashes are absolutely useless computations. No one benefits from the 99.99999% of hash guesses that don't "win" the block.
  - Ekaros 3y ago
    Hmm, just for fun I think that is missing like 10 or 20 9s. As per block hit chance is about one in 3e+23... 500EHash/s * 10min * 60s/min...
- deleted 3y ago
  [deleted]
tgamblin 3y ago
This is stolen from @Theophite, sadly now banned: https://images.app.goo.gl/Rv5SK1qqWXZVNSZ56 https://images.app.goo.gl/Rv5SK1qqWXZVNSZ56
- frantathefranta 3y ago
  Still posting under @revhowardarson AFAIK

JoeCortopassi 3y ago

Bitcoin is cryptographically secured distributed accounting ledger, that created a novel way to incentivize participation

Andrex 3y ago
Thank you HackerNewsGPT.
- rendang 3y ago
  Would ChatGPT have omitted the article? Maybe ESL-ChatGPT
wolf89618 3y ago
[dead]
madeofpalk 3y ago
Thank you!
throw0101d 3y ago
As someone who has used cryptography† since he downloaded PGP 2.x in the early 1990s, and was around for the Crypto Wars (using the "non-us" Debian repos), I am aware what Bitcoin is technically-speaking. † This includes using chained hashes: * https://man.freebsd.org/cgi/man.cgi?query=opie&sektion=4 https://man.freebsd.org/cgi/man.cgi?query=opie&sektion=4 * https://datatracker.ietf.org/doc/html/rfc1760 https://datatracker.ietf.org/doc/html/rfc1760 * https://datatracker.ietf.org/doc/html/rfc2289 https://datatracker.ietf.org/doc/html/rfc2289
- FabHK 3y ago
  > Crypto Wars Ah, the good old days, when "crypto" meant cryptography, and not some polluting get-rich-quick scheme. ETA: https://en.wikipedia.org/wiki/Crypto_Wars https://en.wikipedia.org/wiki/Crypto_Wars

sspiff 3y ago

Except you're not idling your car, you're effectively redlining it 24/7.

the_snooze 3y ago
Exactly. It's wasteful by design, with incentives to increase hash rates in the face of efficiencies instead of taking the savings. And the hashes are absolutely useless computations. No one benefits from the 99.99999% of hash guesses that don't "win" the block.
- Ekaros 3y ago
  Hmm, just for fun I think that is missing like 10 or 20 9s. As per block hit chance is about one in 3e+23... 500EHash/s * 10min * 60s/min...
deleted 3y ago
[deleted]

tgamblin 3y ago

This is stolen from @Theophite, sadly now banned: https://images.app.goo.gl/Rv5SK1qqWXZVNSZ56 https://images.app.goo.gl/Rv5SK1qqWXZVNSZ56

frantathefranta 3y ago
Still posting under @revhowardarson AFAIK