Friday, 16 September 2022

Satoshi Math mistake?

On page 7, where Satoshi shows the Poisson distribution, the probability that the attacker can reach and find a malicious node and reduce the gap by -1.

He has the Poisson formula, multiplied by each attacker's progress, where there is a split function. If k <= z, Qz applies where (Z - K), but in that case, wouldn't K be less STRICT than Z ? since if K <= Z, and if K = Z, then (Z-K) = 0, giving rise to the division of a 1, and it would go to the party case below, creating a contradiction, since the one below gives 1 always for K > Z, but the other K = Z also gives 1, and K is not > Z in this case.

Shouldn't it be something like, the first case IF K < Z , and the second case be K >= Z ?



Submitted September 16, 2022 at 10:12PM by hackeloff1337 https://bit.ly/3BMhngT

President of Federal Reserve Bank of Minneapolis on CBDC: What problem is this solving? I can see why China would do it

https://bit.ly/3RTV8v6

Submitted September 16, 2022 at 11:52PM by KAX1107 https://bit.ly/3eYuT8l

First solar-power Bitcoin mining plant opens in South Australia


https://bit.ly/3RSryGh via /r/Bitcoin https://bit.ly/3DxCMvA

Bitcoin Island is over 100 businesses now

100 businesses reached

https://www.google.com/maps/d/edit?mid=1RhAWjyThRscnQrkjHhYNR0T3-PAM0k8&ll=11.964337104685107%2C121.92093308776037&z=13

Bitcoin Island, Boracay Philippines has passed a big round number of 100 businesses on-boarded. These businesses are all accepting bitcoin via pouch.ph lightning wallet. If you have been following these updates, you will notice that the rate of adoption is accelerating.

We have had reports of random bitcoiners following this map as a treasure hunt buying a drink at every venue.

Thank you.

If you do the same, please stop in the office and say hello. We are right in the heart of the island, across the little lake from Dmall. You can not miss the giant Bitcoin sign.

Sign Install

With the addition of more local markets, it is realistic to live only on bitcoin as a local. We make it a point to always shop with our vendors, so our fiat usage is near zero at this point.

Our crew of gig workers are paid in bitcoin, some cash out a little to fiat. However, some sell us fiat to get "pouch money" because it is easier to remit to their family in other cities with bitcoin.

We have:

  • Coffee houses cafes - 6
  • Sit down restaurants (not alcohol focused, but can get a drink) - 16
  • Sit down restaurants (alcohol focused) - 3
  • Food stalls - 11
  • Carenderias (locals homemade food/restaurants) - 8
  • Retail - 8
  • Services (tattoo, tailoring, salons, cell repair, scooter rental, tours, etc...) - 15
  • Convenience stores - 4
  • Fruit, vegetables, meat, fish markets - 11
  • Sari Sari (tiny local convenience stores) - 23
  • Hotels - 7

Follow: https://twitter.com/BitcoinIslandPH



Submitted September 16, 2022 at 11:11PM by BitcoinIslandPH https://bit.ly/3S550BQ

President of Federal Reserve Bank of Minneapolis on CBDC: What problem is this solving? I can see why China would do it


https://bit.ly/3RTV8v6 via /r/Bitcoin https://bit.ly/3eYuT8l

Satoshi Math mistake?


On page 7, where Satoshi shows the Poisson distribution, the probability that the attacker can reach and find a malicious node and reduce the gap by -1.​He has the Poisson formula, multiplied by each attacker's progress, where there is a split function. If k <= z, Qz applies where (Z - K), but in that case, wouldn't K be less STRICT than Z ? since if K <= Z, and if K = Z, then (Z-K) = 0, giving rise to the division of a 1, and it would go to the party case below, creating a contradiction, since the one below gives 1 always for K > Z, but the other K = Z also gives 1, and K is not > Z in this case.​Shouldn't it be something like, the first case IF K < Z , and the second case be K >= Z ? via /r/Bitcoin https://bit.ly/3BMhngT