Why Charles Stross Doesn’t Know a Thing about Bitcoin

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To quote sci-fi author Charles Stross, “sending canned primates was never going to end happily”. We are basically primates in tin cans. Flying around the cosmos and taking 81,000 years to get ... In Charles Stross' 2013 science fiction novel, Neptune's Brood, the ... ^ It is misleading to think that there is an analogy between gold mining and bitcoin mining. The fact is that gold miners are rewarded for producing gold, while bitcoin miners are not rewarded for producing bitcoins; they are rewarded for their record-keeping services. ^ The exact number is 20,999,999.9769 bitcoins.: ch. 8 ... One of the speculative authors who influenced me was Charles Stross. ... In another point Stross argues that Bitcoin violates Gresham’s Law meaning that it would be more profitable to steal electricity with a giant botnet rather than mine legitimately. He cites this paper, that says botnets will come to dominate Bitcoin mining. The math in it is good. There’s just one problem. The paper ... In Charles Stross’ 2013 science fiction novel, Neptune’s Brood, the universal interstellar payment system is known as “bitcoin” and operates using cryptography.[248] Stross later blogged that the reference was intentional, saying “I wrote Neptune’s Brood in 2011. Bitcoin was obscure back then, and I figured had just enough name recognition to be a useful term for an interstellar ... In August 2016, hackers stole approximately 120,000 from Bitfinex, the crypto exchange that’s the sister company of Tether, which produces its controversial, eponymous stablecoin.. At the time, the hack was worth $72 million—Bitcoin was only worth ~$600. But it tanked the market. After the hack, the value of Bitcoin fell by 22%. Bitcoin (₿) is a cryptocurrency invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto and started in 2009 when its implementation was released as open-source software.: ch. 1 It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer bitcoin network without the need for ... In Charles Stross’ 2013 science fiction novel, Neptune’s Brood, the universal interstellar payment system is known as “bitcoin” and operates using cryptography. Stross later blogged that the reference was intentional, saying “I wrote Neptune’s Brood in 2011. Bitcoin was obscure back then, and I figured had just enough name recognition to be a useful term for an interstellar ...

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IOHK To Educate the World on CARDANO; Top 1% Bitcoin Holders; Binance & Bank; BoE Scared of Crypto

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