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reidwalley / Reid Walley
npub12ja…9mh9
2024-08-11 03:42:50

reidwalley on Nostr: #Bitcoin: A Homie-to-Homie Digital Cash Vibe Satoshi THE GOAT Nakamoto ...

#Bitcoin: A Homie-to-Homie Digital Cash Vibe

Satoshi THE GOAT Nakamoto satoshin@gmx.com www.BitcoinForGenZ.org

Abstract. Yo fam, ever wish you could send cash to your crew without any bank drama or middleman vibes? Digital signatures are sick, but if you're still needing a trusted third party to stop double-spending, that’s just sus. We’ve got a GOAT solution for this mess using a homie-to-homie network. Here’s the tea: we timestamp transactions by hashing them into an endless chain of proof-of-work, creating a record that’s locked down tight. You gotta redo all the proof-of-work to mess with it. The longest chain isn’t just the ultimate proof of what went down; it’s also proof that it came from the most CPU power flex. As long as the majority of CPU power is with the legit squad and not some shady crew trying to wreck things, they'll keep the chain lit and outpace the attackers. The network is mad chill with minimal structure, messages get broadcasted on a “best effort” basis, and nodes can dip in and out whenever they want. They just vibe with the longest proof-of-work chain to stay on track.

https://www.bitcoinforgenz.org/
Author Public Key
npub12jatzvy6sazrz2qf6d0wn2w4ffr5rmd6rqwemgwqhlj0vqs0y6aqrs9mh9