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celestal (72)in Bitcoin • 10 months ago
Bitcoin Security – It's More Robust Than You Think
In my last post I explained how the 51% attack on proof-of-work chains is very misunderstood. The synopsis of it is: 51% attack enables only a denial of service attack – a…
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> reward.app: $1.63
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celestal (72)in LeoFinance • 2 years ago
The 51% attack against Bitcoin (and why you've gotten it wrong)
You have probably heard about the 51% attack on proof-of-work chains, like Bitcoin. Here I'm going to explain the attack vector from miners on the bitcoin network, and why most…
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celestal (72)in #reflections • 2 years ago
2022 – a rough year that ended in a positive note
Employment 2022 was a year with a lot of changes to my employment. At summer I decided to quit working on my own massage point, and started doing massage as a subcontractor. I…
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celestal (72)in LeoFinance • 2 years ago
Europe's energy clown fest
Europe is in an energy crisis and Finland isn't left out of it with the government having proposed tax eases for high electricity bills. High prices are blamed on "greedy…
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celestal (72)in #christmas • 2 years ago
Minimalistic Christmas
This year Christmas came before I knew it. Last two months have been full of work with some offdays here and there. Now the work situation is getting more balanced though since I…
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celestal (72)in LeoFinance • 2 years ago
Bought beer with Hive
Recently I've gotten into the local bitcoin scene in Helsinki. There was a lightning network meetup at a bar that accepts lightning network payments. I knew @brianoflondon's…
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celestal (72)in LeoFinance • 2 years ago
On the self and finance – Back to the grind #5: Ramblings about work, economy, crypto and the psychological benefit of a long-term goal
For a few years my income has been abysmally small. This is due to studying and trying to earn a living as a masseur. Right after school I started my own practice solo. I knew it…
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celestal (72)in Photography Lovers • 2 years ago
Fonte da Telha
As I told earlier my conjoined Amsterdam/Lisbon holiday got kinda ruined because I got covid from Amsterdam during HiveFest. Wouldn't been big of a deal for me, but our supposed…
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celestal (72)in Photography Lovers • 2 years ago
Long Exposure Experiments
When I cycle back home from work in the evening there's a view along the way to Linnanmäki amusement park in Helsinki, which is still active in the autumn. During the evening it…
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celestal (72)in Weekend Experiences • 2 years ago
Gotta enjoy the sun in autumn
This is a rare day in Finland: sunny in October. It's times like these when I'm glad we have an apartment with a backyard facing south, because you can get the most out of this…
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celestal (72)in Photography Lovers • 2 years ago
50 shades of Amsterdam during and after HiveFest
The headline is not only a reference to the liberal sex culture in Amsterdam but also to the collection of these pictures that ended up versatile in style. I hadn't taken much…
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celestal (72)in HiveFest • 2 years ago
Wrapping up HiveFest
I only got back home few days ago, since I left to Portugal for a holiday with @rrusina after HiveFest in Amsterdam. It didn't go as planned though because I got covid from…
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celestal (72)in HiveFest • 2 years ago
Road to Hivefest - Traveling light
To be honest, I probably hadn't attended Hivefest had it not been so close to Finland and easily combined with me and @rrusina's trip to Portugal where we will visit her friend…
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celestal (72)in LeoFinance • 2 years ago
Debunking bitcoin energy myth in one sentence
Bitcoin doesn't waste energy, it eats energy that would get wasted. Let me explain. Bitcoin mining is a highly competitive industry that requires a lot of capital and cheap…
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celestal (72)in HiveFest • 2 years ago
My card for the Hive Fest ticket draw
Few free tickets for share so I'm, taking my chances. Good luck everyone, and see you Amsterdam.
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celestal (72)in LeoFinance • 2 years ago
One key detail that changed my mind about Bitcoin
Do you know who controls the bitcoin network? No, it is not miners. It is Nodes. It's such a stupidly simple thing that I wonder how I understood it only after 5 years…
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celestal (72)in LeoFinance • 2 years ago
Cash Hoarder – The Demonization of Saving
The Keynesian propaganda of economics has quite successfully demonized saving, because it is an "unproductive use of capital". The logic comes from the following sequence:…
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celestal (72)in LeoFinance • 2 years ago
Modern Economic Nonsense Against Bitcoin and Deflation
Talking about deflation, not only a lot of modern economists, but also many crypto folks, use it as a definitive argument against the possibility for Bitcoin to ever reach a…
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celestal (72)in LeoFinance • 2 years ago
Comparing Bitcoin to VISA is ignorant
Reading further the Fiat Standard book by Saifedean Ammous, one of the eye-opening things is about the distinction between monetary and payment systems – and its exactly…
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celestal (72)in #herbs • 2 years ago
Finally managed to grow basil myself
I had tried to grow basil myself without success in the last couple of years, but finally I managed to do it. The secret was growing them from seed. The basil from stores never…
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