I wish everyone in the Steemit family a happy and blessed thanksgiving. I would like you all to read the first few lines that started it all. Without these, there would have been no Steemit and no blockchain. Of course I recommend reading the entire Bitcoin whitepaper. And take the time this thanksgiving dinner to explain to your family and friends what a blockchain is and how it changed your life. Talk about Bitcoin, talk about Steemit.
Bitcoin: A Peer-to-Peer Electronic Cash System
Satoshi Nakamoto
[email protected]
www.bitcoin.org
Abstract.
A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution. Digital signatures provide part of the solution, but the main benefits are lost if a trusted third party is still required to prevent double-spending. We propose a solution to the double-spending problem using a peer-to-peer network.
The network timestamps transactions by hashing them into an ongoing chain of hash-based proof-of-work, forming a record that cannot be changed without redoing the proof-of-work. The longest chain not only serves as proof of the sequence of events witnessed, but proof that it came from the largest pool of CPU power. As long as a majority of CPU power is controlled by nodes that are not cooperating to attack the network, they'll generate the longest chain and outpace attackers.
The network itself requires minimal structure. Messages are broadcast on a best effort basis, and nodes can leave and rejoin the network at will, accepting the longest proof-of-work chain as proof of what happened while they were gone.
Bless to you and your family
happy thanksgiving
Cool :)
Thanks for letting us know!
Every blessing that you wish others comes to you multiplied. So I wish you same thank you.
Gratitude is a free and valuable asset. Steemit has opened my world and my mind, not to mention my heart. I am sure I share this feeling with many. Happy,Happy!.
Nice post. I will sure talk about them all to friends and family during this season.
Its one day with which we all thank God for his blessing and pray for peace among men.
It is foremost a celebration of family. Since the following day is Black Friday, introducing steemit to them all would be the perfect gift idea. Happy Thanksgiving all.
The central banks of our various countries have been trown into confusion seeing that bitcoin being a decentralized currency, have escape their regulations.
same to you @joseph ✌
From the bottom of my heart enjoy it to the fullest
Thanks you, same to you. Please check my last post and give me your advice. It's about taxes and crypto @joseph :)
Thanks @joseph, I will read the entire bitcoin whitepaper
Wonderful write up. There are a lot of potential issues to discuss about at the dinner table, like trump, the national anthem, #Metoo, etc, but these can't compare in fun and reward with Bitcoin. To explain Bitcoin in a definition that even your grandma might understand:
Bitcoin is essentially virtual cash. Unlike the dollar or the euro, it’s not backed by any country’s central bank or government. It can be traded for goods or services over the internet.
Happy Bitcoin giving and Thanksgiving
Thank you for sharing this. I'm just coming up to speed. Now I think I understand the what and they why. Lots to be thankful for. God bless.
can i resteem your post.i need your permission???
Thanks so much and same to you @joseph
really its a great post..keep it up
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Happy thanksgiving @joseph!
Same to you sir! I grew up in a country where thanksgiving is not a tradition at all, so I only see the 'let's eat a lot with our family part'. So let me just say a bit of thank for life. Life was at stake for us this year with a cat6 hurricane, so all of a sudden, this wasnt a certainty anymore.
It changes perspective.
/end hippymode
I hope crypto brings us all a fucking good future, and this is such an exciting era to be living in. So much happens so fast, and we all have chances that come along with this. For sure I will bring this up at the dinner table tomorrow. Have a good one!
Bitcoin egg
Thanks for the great article!
Happy CryptoThanksGiving :)
Hope you're having a happy Thanksgiving
Whenever I start talking about cryptocurrencies, I'm always lost at how to explain it. Thanks for letting me know how to explain it without ranting! Happy Thanksgiving
Good post
Follwo me Friend
Your comment was downvoted by @miti on its content.. but don't worry because at this time I used only a small portion of my Steem Power percentage as a warning.
To write comment for asking vote for vote OR follow for follow is considered spam in Steemit community. I also suggest you to read Steemit etiquette carefully before you hurt your reputation.
If you keep tryin' and don't stop writing that kind of comments, I am forced to increase my Steem Power percentage to downvote your spam comments, hurting your reputation too.
I'm not a BOT and my aim is to clear posts by trolls and spammers.
How much will move the Bitcoin during the thanksgiving? Let's try to estimate this.
My estimate is it is going to be over 9.000$!!!
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Your comment was downvoted by @miti on its content.. but don't worry because at this time I used only a small portion of my Steem Power percentage as a warning.
To write comment for asking vote for vote OR follow for follow is considered spam in Steemit community. I also suggest you to read Steemit etiquette carefully before you hurt your reputation.
If you keep tryin' and don't stop writing that kind of comments, I am forced to increase my Steem Power percentage to downvote your spam comments, hurting your reputation too.
I'm not a BOT and my aim is to clear posts by trolls and spammers.