cross-posted from: https://monero.town/post/5362939

P2P Economy

• A Peer-to-Peer Electronic Cash System.

As we all know, Bitcoin, the origin of blockchain, is widely recognized as the most decentralized blockchain and the most valuable cryptocurrency. However, few people realize that in the Bitcoin whitepaper, Satoshi Nakamoto never mentioned “blockchain” nor “decentralization.” Instead, he used the term “peer-to-peer” (P2P), even placing it directly in the title — “Bitcoin: A Peer-to-Peer Electronic Cash System.”

A P2P service is a decentralized platform whereby two individuals interact directly with each other without a third-party intermediary. When we return to first principles and rethink what blockchain truly is, one straightforward explanation comes to mind — blockchain is essentially a P2P network.

The truth is, what we refer to as “on-chain” is actually the consensus layer built on top of the P2P network. However, many business processes don’t need

cross-posted from: https://infosec.pub/post/16334087

Charles and company made a PGP-encrypted paper wallet. He is calling it the most secure paper wallet in the entire crypto space.

To put his money where his mouth is, anyone who hacks it can keep keep the cash ($1 million dollars worth of USDM) if you can hack it.

Good luck everyone!

cross-posted from: https://monero.town/post/3546999

• X-Spaces Talk

Why UTXO Matters: Security, Privacy, and Scalability in BTC Ecosystem

@bitcoin I have a lot of Bitcoins for sale, do you need them?

Can one tweet disrupt financial markets globally? The hacking of the @secgov account this week turned the @bitcoin price upside down and, in the process, has shown us why it is necessary to tread carefully in these digital worlds 👇🏼

https://www.tarlogic.com/blog/cryptocurrency-fraud-social-media-hacking/

Really great explanation of the monetary history and current situation of #Argentina

I have several Argentinian friends and colleagues and I've recently visited and experienced the currency situation firsthand. It's definitely unique and interesting, but mostly very sad for everyone not savvy enough to find solutions and just see their savings and pensions dwindle before their eyes.

Anyone interested in #Bitcoin content, there is a #Lemmy community on infosec.pub that you can follow from Mastodon by following this handle: @bitcoin

While trying to help a Bitcoin holder who lost their password, researchers at Unciphered discovered a major flaw in the way early Bitcoin wallets had been created.

Could this be the cause of the 12% rally last night? Does this mean a US Bitcoin Spot ETF is coming this month?

Looking for store indexes and core patches in particular, theres a lack of info on the available patches out there (other than ordisrespector).

Seems like all the scaling upgrades mentioned in the previous roadmap are about done (segwit, lightning network, taproot, schnorr signatures...)

I guess drivechain would be nice to see, but I haven't heard of any updates on that project in a while. Are there any other plans to look forward to?