Documenting ₿itcoin 📄
@DocumentingBTC
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A company can own a large percentage of all bitcoin while owning zero percent of Bitcoin.
The last person on Earth to buy bitcoin will never be too late to buy bitcoin. They will benefit from its deepest liquidity, strongest infrastructure, widest usefulness, and the same rules as everyone else.
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On this day history, 16 years ago, a user complained about their electricity bill of $230 for mining 28.21 bitcoin using their home computer. Those bitcoins would now be worth $2,300,300.
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Buying bitcoin might be only way to invest in human progress without guessing who creates it.
The internet made speech nearly free. Artificial intelligence is making it nearly infinite. Bitcoin gives a statement weight. In a world full of flawless words, the signal may be how much bitcoin the speaker is willing to place behind them.
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Two identical AI agents can have the same code and data. Give each a different Bitcoin key and let each make their own transactions. Now they contain two separate histories, even though they began as perfect copies. Bitcoin wallets may be what turns AI copies into individuals.
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Digital systems have no natural arrow of time, bits do not age. Mining proof-of-work introduces physical irreversibility, and the difficulty adjustment turns it into a probabilistic clock. The Bitcoin network is software that created a shared before and after on the Internet.
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Every 2,016 blocks, the Bitcoin network measures how much the world has changed and adjusts its difficulty without changing its promise. Faster chips, cheaper energy, and more miners make the network stronger instead of making more bitcoin.
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The first websites on the Internet looked like newspapers because nobody yet knew what a website wanted to become. Most Bitcoin products still look like banks for the same reason.
Bitcoin mining can travel to the source of electricity instead of requiring electricity to travel to industry. Energy infrastructure can begin earning before the roads, factories, and cities that may eventually grow around it.
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A carpenter should not have to predict the winning companies in biotech, software, energy, and agriculture to bet on human progress. Bitcoin offers one simple way to save with the assumption that people everywhere will keep making useful things.
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The world had to judge Bitcoin before it could ever judge its anonymous inventor. That may be the most important fact in all of computer science.
A Bitcoin address can amazingly be created on a computer that has never touched the internet.
CoinMarketCap made a new feature that lets you play a ‘flappy bird’ game using the Bitcoin price
Ads became the internet economy because clicks were native and micropayments were not. A site could sell a fraction of your attention to an advertiser, but it could not sell you a fraction of its work. Bitcoin lets the article, answer, song, or service become the product again.
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On this day in history, 16 years ago, a user complained while mining bitcoin at home with their desktop computer, “I just can’t wait one month to see 50 bitcoins”
₿REAKING: Strategy buys additional 4,603 bitcoins and now holds $65,760,000,000 worth.
Bill Gates says, “I wouldn’t choose crypto”
On this day in history, 12 years ago, Hal Finney passed away. When the Bitcoin whitepaper was first published, many cryptographers ignored the idea. Hal Finney was one of the few engineers who believed it could change the world and was first to receive a Bitcoin transaction.
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On this day in history, 16 years ago, Satoshi Nakamoto posted, “As a thought experiment, imagine there was a base metal as scarce as gold but with…one special, magical property: can be transported over a communication channel”
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