CRYPTO2023

1. Never believe anyone's price predictions.
2. Don't "diversify" into other cryptos; none of them are actually decentralized, everything except bitcoin is a shitcoin (yes, really), and it's all gambling. The point of $BTC is not gambling, but to end modern day slavery (fiat currency).
3. When everyone you know is talking about bitcoin, you're at the top of a bull market. You'll likely be too exuberant to realize it though. It will be obvious in hindsight.
4. Don't "trade some altcoins on the side to get more bitcoin". You are not that smart, and the overwhelming probability is that you will get wrecked.
5. DCA into bitcoin. Ignore your emotions. Don't try to time the market. Just stack what you can every paycheck.
6. Don't be too excited about bitcoin; people will feel like you're scamming them even though you're just trying help.
7. Go to meetups & conferences. Don't be isolated. Bitcoiners are generally very awesome people.
8. When people ask you about how to buy bitcoin, send them to a $BTC BITCOIN-ONLY company. Example for why: My cousin bought bitcoin (on Coinbase) during the bull market, then sold it for shiba on the same platform and now she pretty much lost everything. Bitcoin-only companies are the safest option to keep newbies from doing newbie things.
9. Be on #bitcoin twitter and nostr. Obviously if you're reading this, you're already here...but I didn't get on twitter until 2020 and can tell you that it's a lot less lonely hodling bitcoin when you see a bunch of other people on this platform experiencing the same things you are.
10. Be skeptical of influencers. Even me (I'm not a huge account, but still). Some are good, some are bad. Even if they have good intentions, their judgement can be clouded by bad incentives.
11. Stop trying to convince everyone you know that bitcoin will make everything better (even though it will). Instead, be a good resource for the people who eventually reach out to you about it. Be known as "the bitcoin guy" and let people come to you when they're ready. Have good content prepared for them to read/watch when they do.

That is all. It's been a great ride so far and I'm happy to know you guys.

#bitcoi #dyor #crypto2023 #DELABSBinanceTGE #BNBATH

Strica, the software powerhouse behind #Cardano tools, has unveiled Warp Transactions, a groundbreaking feature aimed at enhancing #ADA token transfers on the Cardano network. This innovation has sparked discussions about the potential impact on ADA's market value, with the $1 mark being considered.

Cardano's native design requires approximately 1.14 ADA for every token transfer, a measure to prevent spam but often inconvenient for users. Warp Transactions, introduced through the Typhon Wallet, offer an efficient solution to this challenge. By simplifying transactions and potentially boosting user adoption, ADA's price could gain positive momentum, bringing the $1 target into consideration.

Warp Transactions operate on a pure UTXO transaction model, without the need for smart contracts. Both the sender and recipient must sign off, and tokens associated with these transactions are "frozen" until the transaction concludes or is canceled. If the receiver doesn't validate within 24 hours, the transaction self-expires.

The brilliance of Warp Transactions lies in their ability to shift the ADA fee burden from the sender to the receiver by utilizing the receiver's UTXOs, making transactions more user-friendly.

The integration of multi-signature transactions from Cardano in the Typhon Wallet enhances security and encourages user adoption. This combination of improved transaction efficiency, heightened security, and user-centric features could influence ADA's market dynamics. With industry figures like Charles Hoskinson endorsing this innovation, ADA's journey towards the $1 milestone appears promising.

$ADA

#crypto2023

#CYBER

#bitcoin

On January 3rd, HOTFI, a Bitcoin ecosystem project, completed its first round of IDO. The HOTFI project's governance application token, HOTX, raised a total of 43.7 BTC in 47 minutes. In addition, the Launchpad business will soon collaborate with the BTC ecosystem AI data platform, ODOS, to conduct an IDO for its ecological token, ODOS, which will take place from 8:00 PM to 10:00 PM on January 4th, 2024.
#crypto2023

#Bitcoin Price Declines as the Week Begins: #BTC Wallets Reach a New Record! Bitcoin (BTC) has witnessed a slight decline in its price, while concurrently achieving a remarkable milestone in the number of active BTC wallets.Bitcoin, the world's leading #cryptocurrency , opened the week with a modest price correction, dropping approximately 3% from its recent high. This adjustment brought the price down to $42,500 per BTC, sparking discussions among traders and investors about the short-term market outlook.Market analysts suggest that this price correction may be attributed to profit-taking by short-term traders and a broader market sentiment shift. Despite the dip, many experts remain optimistic about the long-term prospects of Bitcoin, emphasizing its robust fundamentals and growing adoption.In a parallel development, the Bitcoin network has reached a significant milestone in terms of active wallet addresses. The total number of active BTC wallets surged to a new all-time high, surpassing the previous record set earlier this year. This milestone highlights the growing interest and participation of users in the Bitcoin ecosystem.The rise in active wallet addresses can be attributed to several factors, including increased institutional adoption, growing retail interest, and the continued development of decentralized finance (DeFi) applications built on the Bitcoin network.Bitcoin enthusiasts see this surge in wallet activity as a testament to the cryptocurrency's enduring popularity and utility as a store of value and digital asset. As the #crypto market continues to evolve, attention remains focused on how Bitcoin's price will react to the current market dynamics and whether it can sustain its upward trajectory in the long run.Investors and traders are advised to closely monitor the cryptocurrency market in the coming days as it navigates through this price correction, keeping an eye on Bitcoin's ability to rebound and its overall market influence.$BTC #crypto2023

Do you know the bull run happens 6months - 1yr after the Bitcoin halving.

Why do we see market prices going up ?

It's because, after halving the Bitcoin miners rewards is divided into two which makes the cost of production more expensive and no miner or businessman wants to be on loss.

With that there is a particular price that Bitcoin needs to be.

People who will be seeing the significant rises in price in Bitcoin but can't afford it will venture into other Cryptocurrencies with lower price and with that all tokens will be on bull horn.

Don't forget Bitcoin is the mother of all other Cryptocurrencies (ALT) with that others will have significant increase in price.

Aside this fundamentals stated above, it's just like World cup!!

Every 4 years people are excited, to build viewing centres, get tickets and Many others just to be prepared and not be left out including the predictors who will stake in money.

So as this Bitcoin halving, it's scheduled to be every 4years, last took place 2020 and 2021 there was massive increment.

This coming one is scheduled around April or May 2024 which is less than a year from now.

People are getting prepared to take advantage of the hype, the Halving and also be able to make some earnings.

I may love to say this, it might be the biggest and maybe the last Biggest halving because it's a free market to some extent as the next which will be 2028 might not be as massive as this due to regulations.

Regulations will restrict the free market and easy influencing of market won't be possible just like the stocks.

Thanks for reading

Davizoe Effiong,

CEO BEI Consultancy Limited

#crypto2023 #bitcoin #BTC #crypto

StarkWare is paving the way for decentralization on two fronts: planning and implementation. A well-defined roadmap is in place to guide the transformation of the Starknet protocol into a decentralized proof-of-stake protocol.
Introduction
#StarkNet currently leverages the security and decentralization of the Ethereum blockchain by sending #STARK proofs of state transitions for validation. This approach places significant constraints on central authorities, ensuring that no entity can tamper with transaction messages or manipulate user data or assets fraudulently. This initial step is critical for trust minimization, but more work is needed to achieve full decentralization, where the network can function independently of centralized parties. This article outlines a preliminary roadmap for the next phases of this journey.
How did Starknet come to this?
Approximately a year ago, team initiated a comprehensive decentralization research process, chronicling it through a series of blog posts that culminated in a concrete proposal. Primary goal is to transition Sequencer+Prover operations to a decentralized proof-of-stake protocol. This would allow open participation in sequencing, removing any single point of failure in the network. Two critical threads are now underway:
Implementation of various components required for running the decentralized protocol.A transition process to gradually decentralize Starknet operations to network stakers.
In this article, our focus will be on the latter.
The Transition Process
The transition process itself comprises four main threads:
Transitioning to a decentralized network architecture while Sequencer operation remains centralized.Ensuring the availability of a fully open-sourced software stack.Developing increasingly broad testing and integration networks.Fostering Staker onboarding in preparation for the final transition to Sequencer operation by proof-of-stake participants.
These threads represent sequential dependencies, but concurrent work is possible. Below, we delve into each thread:
1. Decentralized Network Architecture
The Starknet network is moving towards a more decentralized model. Currently, full nodes do not communicate with each other, relying on periodic queries to the Sequencer through a centralized feeder gateway. In a less centralized model, full nodes will be part of a peer-to-peer network, eliminating the need for direct connections to the Sequencer. This transition encompasses more than just network connectivity, including the introduction of block signing by the Sequencer and a more distributed approach to data propagation among nodes.
2. Working Towards a Fully Open-Sourced Software Stack
Making the software stack open-source is crucial to enable broader participation in protocol and network development. As more components are implemented, they will be released for public testing and scrutiny. Notable examples of open-sourced components include full nodes (Pathfinder, Juno, Deoxys), Provers (Stone, Sandstorm), Sequencers (Blockifier, Madara), and Block Explorers (Starkscan, Voyager, ViewBlock, Stark Compass).
3. Testing & Integration Networks
Broad testing and integration networks are essential for a smooth transition. Components will progress from internal testnets to permissioned testnets with external participants and eventually to public testnets, integration, and mainnet. Decisions regarding the sequential or concurrent introduction of new components will be made in due course.
4. Staker Onboarding
A significant amount of tokens must be staked in the L1 staking contract to secure the decentralized protocol with substantial economic weight. This precaution prevents a scenario where a small number of participants with minimal stakes attempt to take control of Starknet maliciously.
Conclusion
In summary, this article provides a high-level overview of the tentative roadmap for decentralizing Starknet. As with any complex engineering plan, it is subject to evolution and change as the community of builders and contributors gains better insights and understanding. Feedback, suggestions, and criticisms are encouraged and welcomed on the Starknet community forum.
Starknet is on a path toward a decentralized future, ensuring trust-minimization and security for all its users.
#crypto2023 #crypto2024 $BTC $ETH $SOL

The birth of Bitcoin marked the beginning of the cryptocurrency revolution. The whitepaper, which detailed the world's first cryptocurrency mechanism, had a very critical omission: there is no hint of who wrote it. The puzzle remains with us till today.

Introduction to Bitcoin

We have not yet figured out a couple of things about the identity of Satoshi. Is the creator of Bitcoin a male or a female? Is the name Satoshi that of an individual, or does it represent a group? Is he from China, the US, or anywhere?

Many people are making efforts to uncover the identity of Bitcoin's creator. Knowing the brain behind Bitcoin is of interest to many people. Several publications have disclosed that they know the whereabouts of Satoshi Nakamoto. However, upon scrutiny, all evidence has proven to be meaningless. About seven years ago, one of such publications released a shocker and claimed that a Japanese-American man named Dorian Nakamoto created Bitcoin. After a series of interviews, he disclosed that he had nothing to do with the creation of Bitcoin.

Who is Satoshi Nakamoto?

This is a name known by virtually everyone on the planet. Satoshi Nakamoto is an anonymous name adopted by the creator(s) of the number one cryptocurrency, Bitcoin. Even as the term is associated with Bitcoin, the person's personal details (s) who created it are unknown.

Many have formulated a theory that the name is a pseudonym used by a group of people. Others have concluded that s/he may not be a real person. However, the fact remains that Satoshi Nakamoto is the most mysterious name in cryptocurrency.

Presently, it remains uncertain if Satoshi is the name of a person or a group. The only information we have is that Satoshi Nakamoto published Bitcoin's whitepaper in 2008, which sparked the novel asset's development.

History of Satoshi Nakamoto

The name Satoshi Nakamoto is not a new name in the cryptocurrency community. The earliest mention of the persona was in 2009 when he worked on the first version of Bitcoin. All communications were done electronically, which made it difficult for people to detect Satoshi's whereabouts. The details of his personality or background were undisclosed in the communications.

In 2010, Satoshi ended his involvement with cryptocurrency. According to reports, his last communication was through an email. He sent the email to another crypto developer with an encrypted message that read, "they have moved on to other things." Since then, no one has traced any activity to Satoshi. There are speculations that he is responsible for the birth of many other cryptocurrencies, judging by the email. With over 4000 cryptocurrencies available and his message of moving on to other things, it is not out of place to suggest that Satoshi may have created other cryptocurrencies.

‍Personalities Alleged to be Satoshi Nakamoto

Many persons have been alleged to be Satoshi Nakamoto in recent times. Upon scrutiny, none of the names put forward shows any certainty.

Dorian Nakamoto: He was named Bitcoin's creator by Leah McGrath Goodman in 2014. Dorian, who is an engineer based in California, appeared in a publication by Leah. In Leah's article in Newsweek magazine, she said, "the trail followed by Newsweek led to a 64-year-old Japanese-American man whose name is Satoshi Nakamoto." However, after some investigations, his name was erased from the list of people linked to Satoshi.

Craig Wright: The Australian academic and businessman is one of the most renowned persons mistaken for Satoshi. His name featured in two publications - Gizmodo and Wired, stating that he is the one who created Bitcoin. Upon several investigations, it was discovered that all his claims were simply stunts. Up until the time of writing, he still claims he is the founder of Bitcoin.

Nick Szabo: He became linked to the Satoshi name after modeling the design of cryptocurrency in 2005. The early cypherpunk made a blogpost about an unknown currency. He stated that a digital currency would be created such that it does not depend on third-party trusts. He called the digital currency "Bitgold.". Though people speculated about his real identity, Szabo denied any connection with Satoshi.

Hal Finney: He was the first person to receive Bitcoin in a transaction. An early cypherpunk, Finney was also an active member of the Bitcoin community. Coincidentally, he lived a few blocks away from another person purported to be Satoshi, Dorian. However, in 2014, Hal passed away.

Bitcoin's blockchain analysis tried to link some bitcoin addresses to Satoshi Nakatomo. Data from a notable scientist, Sergio Demián Lerner of RSK Labs, claimed that Satoshi has over a million Bitcoins currently worth over $30 billion. These addresses monitored by Sergio have existed since the inception of Bitcoin in 2009. However, Bitcoin in the wallet has been moved around over the years. As such, many have discarded this analysis, concluding that active miners just owned them and Satoshi's account might be dormant.

Influence of Satoshi's Bitcoin

Bitcoin is a peer-to-peer electronic cash system. The peer-to-peer network solves the problem of double-spending. Double-spending means that a cryptocurrency could be duplicated in numerous transactions. However, the problem does not exist with fiat because physical money can only exist in one place naturally at a particular time.

Therefore, even when a digital currency is used in making transactions, one may still have possession of it. Previously, many solutions have been deployed in tackling the problem of double-spending. Most notably is the use of trusted, third-party intermediaries who validate whether the holder has already spent his possession. Most times, third parties like banks can monitor transactions effectively without any risk involved. But what happens if the so-called third-party is not trusted?

Nakamoto eventually proposed an ultimate solution to this problem with the creation of blockchain - a decentralized approach to transactions. With blockchain, transactions can be effectively monitored. Timestamps for current transactions are added to previous timestamps based on proof-of-work. These timestamps are one-of-a-kind, historical, and cannot be changed.

Satoshi's creation makes it difficult for anyone to manipulate transactions. A record of all the transactions is distributed across all the nodes in the network. No perpetrator can rewrite a transaction to his advantage as he does not have absolute control. Blockchain records are secure, and many computational efforts are needed to breach its security.

Conclusion

Presently, Bitcoin is increasing at a steady rate, attracting a lot of interest in the process. However, we may never know the real identity of its creator, Satoshi Nakamoto. Some say it's the name of a group, others say he is just a myth. While we may not know who he really is, we all enjoy the benefits of his decentralized peer-to-peer solution.

It remains uncertain whether the whereabouts of the most prominent name in cryptocurrency will be uncovered. We can only expect endless debates on social media platforms and news outlets. For now, the puzzling question remains, who is Satoshi Nakamoto?

Thanks for reading and learning. Follow and turn notifications on for more 💛

Edited ✅

#Binance #BTC #crypto2023 #BNB #dyor

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