How To Make a Bitcoin Address With a TI-89 Calculator

1234

[ 🎶 Thinking Cap ] This post is framed around results of cypher-based queries for the number 1234 against my custom lexicon files built up over a year of phrase inputs (mostly gleaned from newspaper headlines and their 'quoted phrases', or stream of conciousness inspired by them). There are not very many, but the few there are appear to be instructive. I have used some repetition to aid those with trouble remembering numbers. Perhaps NSFW. (For the confused: see here, here and here)
If you are brand new to this collection of scrolls, I recommend reading (as much as you can of) this before returning here, which will help to justify my particular focus below (the belt).
Did you gnow A=1?
There are 26 letters in the English-Latin Alphabet.
The basic alphabetic gematria code acknowledges that A=1, B=2, C=3, ..., Z=26 (ie. ordinal gematria).
In this basic alphabetic cypher (which is implied if I do not specify):
If you flip the numeric ordering about (ie. look in the mirror: treat 'Z' as 1, down to 'A' as 26), then...
This ("The ABC") is the name of the earliest alphabet primer textbooks for kids.
The first church primers paralleled the introduction of school textbooks known as “the ABC”
The Alphabet is a vessel for messages:
If, instead of the basic alphabetic ordinal cyphers above, we use another cypher some call Agrippa's Key, and some call the 'jewish cipher', which is based on the ancient Hebrew and Greek gematria charts, and maps that scheme to the Latin Alphabet, we can ask a catch-phrase question (written more formally than usual)
What's in a name?
Indeed:
Here we move beyond the three steps of ABC and arrive at the Door of Dalet. Behind it, if we have the write keys, we might discover...
The results of...
Itself the result of...
... of the Masters of the Ages.
Or not.
Many folks shun numbers:
  • "Obnoxious" = 1234 trigonal
  • ... ("number" = 73 = "crazy" ... but "perfect" = "count" = 73)
  • "The Great Learning" = 1234 trigonal
  • ... "Great Knowledge" = 1234 jewish-latin-agrippa
  • ... ( "Great Knowledge" = 449 primes (*) )
  • ... ( .. ... "Mental Contact" = 449 primes )
  • ... ( .. .. "Population" = 449 primes )
  • "Silence is Golden" = 449 primes (ie. Hush in the Library)
  • "Great Knowledge" = 1234 jewish-latin-agrippa
  • ... "Forbidden Word" = 1234 jewish-latin-agrippa
  • ... .. .. ( "Silence is Golden" = 449 primes )
  • "My Call of Duty" = 1234 jewish-latin-agrippa
  • ... "Great Knowledge" = 1234 jewish-latin-agrippa
  • .. ... .. "What is in a name?" = 1234 jewish-latin-agrippa
  • "Silent Warrior" = 1234 english-extended
  • ... ( "Rain" = 322 trigonal ) ( "Number" = 73 alphabetic; "Jake" = "Bard" = 73 primes )
  • ... ( .. "Counting" = 322 trigonal ) ( "Count" = 73 = "Perfect" = "Number" )
  • ... ( .. "To Know" = 322 trigonal ) ( "The Mind" = 73 = "Count" = "Number" )
  • ... ( .. "The Proof" = 322 trigonal )
  • ... ( .. .. "Final Proof" = 322 jewish-latin-agrippa )
Genesis 3:22 (KJV Bible)
And the Lord God said, Behold, the man is become as one of us, to know good and evil: and now, lest he put forth his hand, and take also of the tree of life, and eat, and live for ever:
  • "To Know" = 322 primes
  • "A Magic Number" = 322 primes
  • .. .. ... "Magician" = 322 trigonal
Make it ...
  • "Rain" = 322 trigonal
... for the ...
  • "Girl" = 322 trigonal
Thor and Jane meet again: https://www.youtube.com/watch?v=E0HzpZAgAwY
  • "Full Name" = 322 jewish-latin-agrippa (ie. Count it! ... but you are fool to reveal it)
  • ... .. .. ( "What is in a name?" = 1234 jewish-latin-agrippa )
  • .. .. ... ( ... https://forgottenrealms.fandom.com/wiki/True_name )
  • . .. ... "Counting" = 322 primes
  • ... .. "Count" = 393 jewish-latin-agrippa
  • .. . "Accurate" = 393 primes
  • . "Accountancy" = 393 primes
  • "Counting" = 322 primes
  • "Full Name" = 322 jewish-latin-agrippa
  • ... ( "A Magic Number" = 322 primes )
  • "What is in a name?" = 1234 jewish-latin-agrippa
  • ... "Great Knowledge" = 1234 jewish-latin-agrippa
  • ... .. .. "The Spells of Eden" = 1234 trigonal
The Fruit of the Tree of Knowledge...
  • "Great Knowledge" = 449 primes
  • "Sex Education" = 449 primes
  • ... ( building "Population" = 449 primes )
...And they knew they were naked (ie. eyes opened):
  • "Shame On You" = 1234 trigonal
  • ... "The First Day" = 1234 trigonal
  • ... .. .. "The Spells of Eden" = 1234 trigonal
  • "Sex Education" = 1337 english-extended (ie. Elite codes)
  • "The Spells of Eden" = 1234 trigonal
  • ... "Great Knowledge" = 1234 jewish-latin-agrippa
  • ... .. .. "The Great Learning" = 1234 trigonal
  • .. .. ... "A Great Work" = 1234 jewish-latin-agrippa
  • ... "Speak Loud and Clear" = 1234 trigonal
  • ... .. "Water out!" = 1234 trigonal (ie. 'The Number' ~= 'Pregnant' ~= 'A Baby')
  • ... .. .. "The Spells of Eden" = 1234 trigonal (ie. spell-casting -> spillage -> spoil it)
Serpents, and Tower of Babylon:
  • "What is in a name?" = 1234 jewish-latin-agrippa
  • ... "The Unpatchable Code" = 1234 trigonal (DNA code; written language, (relatively) hard to change)
  • ... .. .. "The Spells of Eden" = 1234 trigonal
  • .. .. ... "The One Source" = 1234 trigonal
  • .. .. ... .. "The Duration of One Year" = 1234 jewish-latin-agripa
  • ... .. .. ... .. "The Source" = 365 primes (ie. days in a year, solar orbit)
ie. Matrix Code - Mother Code Pregnancy Procedure and Cascading Responsibility.
  • "My little Pony" = 1234 jewish-latin-agrippa
If you're lucky:
  • "Birth of Twins" = 1234 english-extended
ie. quantum-entanglement: you cannot give birth to your first alphabetic Son, a strong boy named Aleph, and deny he is '1'. You cannot have your second child, a beautiful maiden, Beth, and deny she is '2'.
Animals on the ark 2 by 2. You cannot order the alphabet, and deny the letters have ordinal indexes (ie. numbers associated with them - significant others)
  • "Boat" = 123 primes
To travel down...
  • "Denial" = 123 primes ...is as easy as ABC.
Again, many folks shun numbers:
Obstetrics is the field of study concentrated on pregnancy, childbirth, and the postpartum period. As a medical specialty, obstetrics is combined with gynaecology under the discipline known as obstetrics and gynecology (OB/GYN) which is a surgical field.
  • "Obnoxious" = 1234 trigonal
  • ... "The Number" = 333 primes
  • ... "Unspeakable" = 333 primes
  • ... "The Unspeakable Number" = 666 primes
  • .
  • "Counting" = 322 primes
  • "Magician" = 322 trigonal
  • ... "Magician" = 156 primes
  • ... "Apple" = 156 primes
  • ... ( the 156th prime number is 911 )
  • ... ( ... "Divine Feminine" = 911 jewish-latin-agrippa )
  • ... ( ... "She is a Beauty" = 911 jewish-latin-agrippa )
  • ... ( ... "Sexy Girl" = 911 jewish-latin-agrippa )
  • ... ( "The Last Proof of Life After Death" = 911 primes )
I have a spell-matching feature that can cross-match multiple cypher results and return the 'closest frequency matches' of all the spells I've ever entered into my gematria tools. At the time of writing the lexicon file is half a megabyte in size (plain text) and contains 37,694 words and phrases.
When I ask for the spellings that most closely match: "live forever", I get the following three results as top matches:
  • 'white liquid', 'into the girl', and 'the dilution' (with 8+ cypher matches)
There are a lot of flowery symbolic or metaphorical phrases that it could have returned, but it seems the Heptapods are rather blunt.
Again:
  • "Divine Feminine" = 911 jewish-latin-agrippa
  • ... .. "Sexy Girl" = 911 jewish-latin-agrippa
From...
Revelation 9:11 King James Version (KJV):
And they had a king [41] over them, which is the angel of the bottomless pit, whose name in the Hebrew tongue is Abaddon [41] , but in the Greek tongue hath his name Apollyon.
This is perhaps a dual - the Abaddon is both Father Beast (and Lord of the Harem, perhaps, given the plural 'them') and the Beastly Progeny (ie. King and Prince):
  • "Pregnant" = 333 jewish-latin-agrippa
  • "The Temple" = 333 jewish-latin-agrippa
  • ... "A Baby" = 333 trigonal
The angelic little baby, retrieved from the bottomless pit, is the apple of mommy and daddy's eyes (even though it is very naughty, ruling over their lives for many years after his or her noxious retrieval from the Underworld).
"I wonder why?" = 474 primes ( "Accountancy" = 393 primes )
  • "Numerology" = 474 primes
  • "Great Pattern" = 474 primes
  • "Object of Lust" = 474 primes ( "Deny Nature" = 419 primes )
  • "The Devil, Woman" = 474 primes (ie. Beauty and the Beast)
  • .
  • ... "The Number" = 333 primes
  • ... .. .. "A Baby" = 333 trigonal
  • "The Great Emergence" = 474 primes
  • "Population" = 449 primes
  • ... "Sex Education" = 449 primes
  • .. .. .. "Surveillance" = 449 primes
  • ("A Pornographic" = 616 englist-extended [ie. "Number" = 616 trigonal ] )
  • ("Pornographica" = 616 eng-ext [ie. "Perfect Number" = 616 jewish-latin-agrippa ] )
  • ... ("The Law" = 616 trigonal )
  • ... ("Garden of Eden" = 616 trigonal )
  • .
  • "To Know" = 322 primes
You cannot unsee it:
  • "Girl" = 322 trigonal <---- pornographic numeric hieroglyph
To each there own:
  • "Tradition" = 393 jewish-latin-agripa
  • "The Perfect Woman" = 1,393 jewish-latin-agrippa
  • "Tradition" = 393 jewish-latin-agripa
  • ... "Count" = 393 jewish-latin-agripa
  • .. .. ... "Accountancy" = 393 primes
Occult Alphabet = English Alphabet = Statistics
  • "Figures Reveal..." = 1234 trigonal
  • .... "Liberal Party" = 1234 trigonal
  • Q: .. "What Rules?" = 1234 english-extendedd
  • A: .. "Just Sign Here"* = 1234 jewish-latin-agrippa
The closest multi-cypher spectrum match against dictionary files (as described here), to the spell "One Thing" is:
  • "enduring" (with 9+ matches)
  • "Tradition" = 393 jewish-latin-agripa
  • ... "Survive" = 393 primes
  • ... .. .."Greyhound race" = 1234 trigonal
  • .. .. ... ... "The Rat Race" = 314 primes (ie. pi; commute in circles)
  • "Great Place" = 1234 square
Viva Las Vegas (ie. V.L.V ):
777 (ie. to win at slots):
  • "A Triple-Seven" = 1234 trigonal | 2,322 squares
The Boeing 777 is a premiere passenger aircraft.
The Boeing 787 is called the Dreamliner (ie "The Call" = 787 squares ... of Morpheus)
The Boeing 747 is Old Faithful, the Jumbo Jet of Time
Air Force One is a 747
  • "Air Force" = 223 primes
  • "Winds" = 223 primes
  • "Goddess" = 223 primes
  • ... "The Law" = 223 primes
  • ... "Air Force" = 223 primes
  • "Winds" = 223 primes
  • .
  • "The Law" = "Goddess" = 223 primes
She steps on "The Scale" = 223 primes ...
...and hopes she is ...
  • "Weightless" = 1234 jewish-latin-agrippa
From an old Alphabet Primer:
... He that ne'er learns his ABC,
... For ever will a Blockhead be.
... But he that learns these Letters fair,
... Shall have a Coach to take the Air.
Are you ready, Icarus?
  • "This is the deal" = 139 = "Occult Alphabet"
  • ... "Competition" = 139 = "Pyramid scheme" = "Ancient Egypt"
Mirror Mirror, upon the wall, who is the Pharaoh over all?
Extra credit:
Read about the taming of Enkidu, in the myth of Gilgamesh:
  • "The Spells of Eden" = 1234 trigonal
  • "Great Knowledge" = 1234 jewish-latin-agrippa
  • ... "Great Knowledge" = 449 primes
  • ... "Sex Education" = 449 primes | 1337 english-extended
  • ... .. .. "Prostitute" = 1234 english-extended
  • .. .. ... .. "Carnival Row" = 1234 english-extended
  • ... .. .. "Prostitute" = 1234 english-extended
  • .. .. ... ... "Presidential Golf Course" = 1234 english-extended
  • "One, Two, Three, and Four" = 227 basic alphabetic (the 'and' was for ... metrical reasons.)
  • ... ( "The Emergence" = 722 trigonal ... ie. pi and reverse pi; circles)
Q: ?
  • "A: The Emergence" = 314 primes (ie. classic Amorican pi)
  • "A: The Emergence" = 1337 squares (ie. "sex education" = 1337 english-extended)
  • "The Alphabetical Epidemic" = 1234 trigonal
  • ... "Not entirely true(?)" = 1234 jewish-latin-agrippa
Enregisterment is often partially, rather than completely, true, sort of like an accent viewed through a funhouse mirror.
I was triggered to made this post due to various recent media 'events', this 'crazy' 'news item' the final straw that broke the gimel's black (I link to old reddit theme because it is objectively better ):
Also, see recent threads:
Relevant numbers & links:
Also, perhaps relevant pings:
Disclaimer:
You might have noticed the game I've long played with the dots used for spacing and indenting lists of spells. They usually follow the pattern of:
  • ... (ie. 3, trinity, the Beatrice of the Matrix Code)
  • ... .. (ie. 32, life, Eve)
  • ... ... (ie. 33, magic, name, a life)
  • . .. ... (ie. 123, alphabetic codes, the ABC, initation)
  • ... .. . (ie. 321, countdown to church society)
  • ... .. .. (ie. 322, to know, the proof is counting)
  • .. .. ... (ie. 223, the law, chapter 1, the scale, goddess, Lucifer, the moon)
  • .. ... .. (ie. 232, scary, number, Satan)
  • ... .. ... (ie. 323, Lucifer, 1 Goddess)
  • ... .. .. ... (ie. 3223, the upward spiral, ascending the tower of babylon)
Sometimes the layout is thematically tied to the associated text.
  • . "Scary" = 232 primes
  • .. "Number" = 232 primes
  • ... "Tell All" = 232 primes
Wiki Index: https://old.reddit.com/GeometersOfHistory/wiki/index
.
EDIT:
Chinese researcher accused of trying to smuggle vials of ‘biological material’ out of US hidden in a sock
Sweeping ban on semiautomatic weapons takes effect in New Zealand
  • "The Semiautomatic Rifle" = 232 basic alphabetic
  • ... "Bullet" = 232 primes
  • ... "Scary" = 232 primes
  • ... .. .. "Number" = 232 primes
  • ... "Scary" = 232 primes
  • ... .. .. "Satan" = 232 jewish-latin-agrippa
  • .
  • "Semiautomatic Rifles" = 1776 trigonal
  • .
  • "The Semiautomatic Rifle" = 232 basic alphabetic
  • ... "Bullet" = 232 primes
  • ... "Number" = 232 primes
Bullet News Bulletsin Bullet points Bullet Bull ET Extraterrestrial Bull Bull God
  • "The Bull God" = 322 primes
.
EDIT: - moments later - :
https://old.reddit.com/occult/comments/eee131/does_anyone_know_what_this_symbol_represents_its/
Does anyone know what this symbol represents, it's familiar to me and puts of a very unique energy and I cannot place it
  • "unique energy" = 322 baconis | 522 primes ("the prime number" = 522 primes)
  • "(a) very unique energy" = 232 basic alphabetic | 2,247 jewish-latin-agrippa
  • ... "very unique energy" = 2023 trigonal (ie. 223 with zephyr)
  • "the very unique energy" = 264 basic alphabetic ("Source" = 264 primes)
The golden ratio is 1.61(8...)
  • ... "unique energy" = 161 basic alphabetic
  • ... "unique energy" = 1601 english-extended
  • ... "unique energy" = 1061 jewish-latin-agrippa
  • ... .. "energizer" = 1061 english-extended
  • ... .. .. "unique energy" = 161 basic alphabetic | 322 baconis
  • .. .. ... "undercurrent" = 161 basic alphabetic | 322 baconis
  • .. .. ... "song of creation" = 161 basic alphabetic | 322 baconis
https://old.reddit.com/GeometersOfHistory/comments/cyr1nq/gematria_of_161_and_322/
EDIT - again, next day (remembering that 'president' ~= 'count' ~= 'accountancy'):
I wrote here, a few days ago:
These are things we can imagine Alphabet Sages might desire to encode and honour - as much for a mnemonic purpose, as for teaching purposes, or for archiving [...] knowledge [...] or purely for the sake of esoterica itself (ie. wizard just likes math, or architecture, and thus honours math and arches, secretely in words using basic algebra and references to certain idioms and golden numbers. Wizard works for King, shows him tricks. King decrees new Bible edition, and new Dictionary version).
Today:
https://www.reddit.com/worldnews/comments/eemt1d/china_orders_christians_to_rewrite_the_bible_fo
China orders Christians to rewrite the Bible for the era of President Xi
China orders Christians to rewrite the Bible for the era of President Xi
  • "Right the Bible" = 369 primes
  • "The Alphabet Code" = 369 primes
  • "Ritual Code" = 1,666 squares
  • "Aright the Bible" = 1,666 squares
  • "The Bible: 1 Right" = 1,666 squares
EDIT - next day again (Christmas Eve) -- re: bullets (first edit above)
https://games.slashdot.org/story/19/12/23/2042253/how-do-bullets-work-in-video-games
How Do Bullets Work in Video Games?
https://arstechnica.com/science/2019/12/lessons-from-scorching-hot-weirdo-planets/
Q&A(stronony) —
Lessons from scorching hot weirdo-planets
The first kind of exoplanet found, Hot Jupiters still perplex and captivate
from The Comte De Gabalis, discourse 1: https://www.sacred-texts.com/eso/cdg/cdg04.htm
He found me to be of a tractable, inquiring, and fearless disposition. A dash of melancholy is lacking in me, else I would make all, who are inclined to blame the Comte de GABALIS for having concealed nothing from me, confess that I was a not unfit subject for the Occult Sciences. One cannot make great progress in them, it is true, without melancholy; but the little that I possess in no wise disheartened him. You have, he told me a hundred times, Saturn in an angle, in his own house, and retrograde; some day you cannot. fail to be as melancholy as a Sage ought to be; for the wisest of all men, as we learn in the Cabala, had like you Jupiter in the Ascendant, nevertheless so powerful was the influence of his Saturn, though far weaker than yours, that one cannot find proof of his having laughed a single time in all his life. The Amateurs must, therefore, find fault with my Saturn and not with the Comte de GABALIS, if I prefer to divulge their secrets rather than to practise them.
https://arstechnica.com/science/2019/12/optical-quantum-computer-goes-big-in-new-quest-for-quantum-supremacy/
Photons are (almost) supreme —
Why I dislike what “quantum supremacy” is doing to computing research
  • "Photonics" = 119 | 47 reduced (ie. Orthodox, Foundation, Master Plan)
  • "Photonics" = 968 trigonal
  • "A+ Photonics" = 969 trigona (ie. Matrix Code)
Q: Light particles?
"A: Bits of Light" = 393 primes (ie. Bits of a Light )
submitted by Orpherischt to GeometersOfHistory [link] [comments]

21 months ago, Gavin Andresen published "A Scalability Roadmap", including sections called: "Increasing transaction volume", "Bigger Block Road Map", and "The Future Looks Bright". *This* was the Bitcoin we signed up for. It's time for us to take Bitcoin back from the strangle-hold of Blockstream.

A Scalability Roadmap
06 October 2014
by Gavin Andresen
https://web.archive.org/web/20150129023502/http://blog.bitcoinfoundation.org/a-scalability-roadmap
Increasing transaction volume
I expect the initial block download problem to be mostly solved in the next relase or three of Bitcoin Core. The next scaling problem that needs to be tackled is the hardcoded 1-megabyte block size limit that means the network can suppor[t] only approximately 7-transactions-per-second.
Any change to the core consensus code means risk, so why risk it? Why not just keep Bitcoin Core the way it is, and live with seven transactions per second? “If it ain’t broke, don’t fix it.”
Back in 2010, after Bitcoin was mentioned on Slashdot for the first time and bitcoin prices started rising, Satoshi rolled out several quick-fix solutions to various denial-of-service attacks. One of those fixes was to drop the maximum block size from infinite to one megabyte (the practical limit before the change was 32 megabytes– the maximum size of a message in the p2p protocol). The intent has always been to raise that limit when transaction volume justified larger blocks.
“Argument from Authority” is a logical fallacy, so “Because Satoshi Said So” isn’t a valid reason. However, staying true to the original vision of Bitcoin is very important. That vision is what inspires people to invest their time, energy, and wealth in this new, risky technology.
I think the maximum block size must be increased for the same reason the limit of 21 million coins must NEVER be increased: because people were told that the system would scale up to handle lots of transactions, just as they were told that there will only ever be 21 million bitcoins.
We aren’t at a crisis point yet; the number of transactions per day has been flat for the last year (except for a spike during the price bubble around the beginning of the year). It is possible there are an increasing number of “off-blockchain” transactions happening, but I don’t think that is what is going on, because USD to BTC exchange volume shows the same pattern of transaction volume over the last year. The general pattern for both price and transaction volume has been periods of relative stability, followed by bubbles of interest that drive both price and transaction volume rapidly up. Then a crash down to a new level, lower than the peak but higher than the previous stable level.
My best guess is that we’ll run into the 1 megabyte block size limit during the next price bubble, and that is one of the reasons I’ve been spending time working on implementing floating transaction fees for Bitcoin Core. Most users would rather pay a few cents more in transaction fees rather than waiting hours or days (or never!) for their transactions to confirm because the network is running into the hard-coded blocksize limit.
Bigger Block Road Map
Matt Corallo has already implemented the first step to supporting larger blocks – faster relaying, to minimize the risk that a bigger block takes longer to propagate across the network than a smaller block. See the blog post I wrote in August for details.
There is already consensus that something needs to change to support more than seven transactions per second. Agreeing on exactly how to accomplish that goal is where people start to disagree – there are lots of possible solutions. Here is my current favorite:
Roll out a hard fork that increases the maximum block size, and implements a rule to increase that size over time, very similar to the rule that decreases the block reward over time.
Choose the initial maximum size so that a “Bitcoin hobbyist” can easily participate as a full node on the network. By “Bitcoin hobbyist” I mean somebody with a current, reasonably fast computer and Internet connection, running an up-to-date version of Bitcoin Core and willing to dedicate half their CPU power and bandwidth to Bitcoin.
And choose the increase to match the rate of growth of bandwidth over time: 50% per year for the last twenty years. Note that this is less than the approximately 60% per year growth in CPU power; bandwidth will be the limiting factor for transaction volume for the foreseeable future.
I believe this is the “simplest thing that could possibly work.” It is simple to implement correctly and is very close to the rules operating on the network today. Imposing a maximum size that is in the reach of any ordinary person with a pretty good computer and an average broadband internet connection eliminates barriers to entry that might result in centralization of the network.
Once the network allows larger-than-1-megabyte blocks, further network optimizations will be necessary. This is where Invertible Bloom Lookup Tables or (perhaps) other data synchronization algorithms will shine.
The Future Looks Bright
So some future Bitcoin enthusiast or professional sysadmin would download and run software that did the following to get up and running quickly:
  1. Connect to peers, just as is done today.
  2. Download headers for the best chain from its peers (tens of megabytes; will take at most a few minutes)
  3. Download enough full blocks to handle and reasonable blockchain re-organization (a few hundred should be plenty, which will take perhaps an hour).
  4. Ask a peer for the UTXO set, and check it against the commitment made in the blockchain.
From this point on, it is a fully-validating node. If disk space is scarce, it can delete old blocks from disk.
How far does this lead?
There is a clear path to scaling up the network to handle several thousand transactions per second (“Visa scale”). Getting there won’t be trivial, because writing solid, secure code takes time and because getting consensus is hard. Fortunately technological progress marches on, and Nielsen’s Law of Internet Bandwidth and Moore’s Law make scaling up easier as time passes.
The map gets fuzzy if we start thinking about how to scale faster than the 50%-per-increase-in-bandwidth-per-year of Nielsen’s Law. Some complicated scheme to avoid broadcasting every transaction to every node is probably possible to implement and make secure enough.
But 50% per year growth is really good. According to my rough back-of-the-envelope calculations, my above-average home Internet connection and above-average home computer could easily support 5,000 transactions per second today.
That works out to 400 million transactions per day. Pretty good; every person in the US could make one Bitcoin transaction per day and I’d still be able to keep up.
After 12 years of bandwidth growth that becomes 56 billion transactions per day on my home network connection — enough for every single person in the world to make five or six bitcoin transactions every single day. It is hard to imagine that not being enough; according the the Boston Federal Reserve, the average US consumer makes just over two payments per day.
So even if everybody in the world switched entirely from cash to Bitcoin in twenty years, broadcasting every transaction to every fully-validating node won’t be a problem.
submitted by ydtm to btc [link] [comments]

Why the NSA revelations make me worried about the safety of Bitcoin

This has probably been discussed before, but I don't see how Bitcoin can be a safe method of storing wealth, given our current situation where the NSA observes EVERYTHING. Not just that, the NSA has installed backdoors in nearly all of our hardware. Both Intel and AMD processors likely have hardware backdoors for the NSA.
Back in 2010, the NSA broke a variety of cryptographic standards. In addition, we know that the NSA has lobbied organizations to implement weak cryptographic standards. Furthermore, we know that the NSA has pushed for flawed random number generators. Weak random number generators have previously led to the theft of large numbers of Bitcoin on mobile devices.
Bitcoin completely relies on the integrity of the SHA-256 algorithm, which was developed by the SAME NSA that intentionally pushes flawed cryptographic standards. Bruce Schneier no longer trusts the NSA's elliptic curve cryptography standard, as he believes they may have intentionally chosen a weak elliptic curve that the NSA can use. The numbers used are supposed to be random to make it unlikely that anyone could exploit a weak curve, but the NSA provided different numbers, that are non-random.
Vitalik Buterin argues that we can expect Bitcoin not to use a weak curve, as the numbers used in Bitcoin are fairly simple to calculate, whereas arbitrary numbers would create the possibility of Satoshi using an intentionally weak curve.
However, it seems to me that we can argue the exact opposite as well. For p, Bitcoin uses 115792089237316195423570985008687907853269984665640564039457584007908834671663, which is arrived at by calculating 2256 – 232 – 977 and seems fairly arbitrary to me as well.
Perhaps the main cause of my worries is the fact that the NSA in 1996 created a document outlining how to make a digital currency based on cryptography. Thus we know that the NSA has been studying the possibility of cryptocurrencies for a long period. Considering how the NSA manages to keep control over cryptography by releasing weak standards itself, is it possible that the NSA attempts to do the same with cryptocurrency?
Finally, I'm very worried about who this anonymous hacker who calls himself Satoshi Nakamoto might be. The Bitcoin source code contained different incomplete ideas that were never implemented, such as a decentralized marketplace (this is from memory, can't find the link). It all seems very ambitious to be the product of a single individual.
What is most worrying about Satoshi Nakamoto however is what is found in the blockchain. There's a non-random distribution of nonces in the early blockchain. What this means is that Satoshi Nakamoto was mining Bitcoin with a mining rig that was completely different from what everyone else was using back then.
It seems that he used 58 different computers, all with a different ID and all programmed to use different nonces to avoid checking the same possible solution multiple times, and at some point some of the computers broke down and were not put back up. This is not a genius amateur, but rather, someone with access to a lot of equipment. What makes all of this worse, is the fact that most of these blocks appear never to have moved. In other words, whatever entity mined these blocks probably still has control over them and doesn't seem to be motivated by personal gain. Rather, their control over about 1 million Bitcoin seems to have created a kind of "deathswitch", that allows them to crash the market at will.
Finally, Nakamoto's behavior is strange. As noted by others, his timezone seems to indicate he lived on the West Coast, yet his language uses British spelling. Furthermore, he took up to two weeks to respond to comments, indicating that anything he said seemed to require approval from higher ups, or agreement among multiple persons.
In conclusion, there is nothing here that indicates to me that we are dealing with a project designed by a regular Joe. Instead, we seem to be sitting on a ticking time bomb, a ten billion dollar experiment that could be deflated at will and cause economic chaos in the process.
submitted by accountt1234 to Bitcoin [link] [comments]

New form for big block objections

I came up with the following form to answer the common objections to big blocks. It's modelled on the standard form people on slashdot used against the endless half-brained spam solutions that people mentioned on there. I think it answers the common objections to big blocks.
Your argument that big blocks can't work is based on the following belief(s): ( ) Storage of big blocks is impossible ( ) Validating big blocks is impossible ( ) Networks can't transfer big blocks ( ) Bigger blocks cause centralization Your argument is flawed because: ( ) Disk is cheap and easily available ( ) CPU power is cheap and easily available ( ) Network bandwidth is cheap and easily available ( ) Miners only need a block header, they don't need to sync the entire blockchain to each miner ( ) The more adopters the system can let in, the more entities arise with a need to run full nodes. ( ) BTC and BCH compete for the same mining resources. How can one be centralised and the other not? Furthermore: ( ) Not all users need to run a full node ( ) Not all nodes need to store the entire blockchain ( ) Your calculations appear to be way off ( ) The belief that transaction fees must cost a significant proportion of a full node is flawed ( ) The belief that Blocksteam or the bitcoin core group has the best programmers is flawed ( ) There is no reason to believe that bigger blocks cause centralization ( ) Using 'avoiding centralization' as a reason whilst supporting a fully centralized development team is flawed ( ) Node count proves nothing ( ) It's your job to prove your arguments, see Russell's teapot ( ) CSW has nothing to do with this ( ) Roger Ver has nothing to do with this 
P.S. Thanks to Critical386 for calling the good bot bot on me! That kind of weirded me out.
EDIT: Version 3 - Thanks to iwannabeacypherpunk
submitted by 1s44c to btc [link] [comments]

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