๐ญ๐ญ ๐๐ฒ๐ฎ๐ฟ๐ ๐ฎ๐ด๐ผ, ๐ผ๐ป ๐ญ๐ญ ๐ ๐ฎ๐ฟ๐ฐ๐ต ๐ฎ๐ฌ๐ญ๐ฏ, #Bitcoin hit a snag at block 225430. Two software versions โ 0.7 and 0.8 โ clashed. The newer version, 0.8, could handle bigger blocks, but the older version, 0.7, couldn't keep up, so ๐ต๐ฉ๐ฆ ๐ต๐ช๐ฎ๐ฆ๐ค๐ฉ๐ข๐ช๐ฏ ๐ด๐ฑ๐ญ๐ช๐ต, temporarily creating two Bitcoins that followed the same consensus rules, but had differing transaction histories for 24 blocks.
How was this chain split resolved? Miners and nodes chose to dial back to version 0.7, which merged the split. ๐ก๐ผ ๐ธ๐ถ๐ป๐ด๐ ๐ผ๐ฟ ๐ฏ๐๐ฟ๐ฒ๐ฎ๐๐ฐ๐ฟ๐ฎ๐๐ ๐๐ฒ๐ฟ๐ฒ ๐ป๐ฒ๐ฐ๐ฒ๐๐๐ฎ๐ฟ๐ ๐๐ผ ๐ฐ๐ผ๐ผ๐ฟ๐ฑ๐ถ๐ป๐ฎ๐๐ฒ ๐๐ต๐ถ๐. Individuals in the community followed their own incentives and steered the ship back on course, a testament to Bitcoiners' united resolve.
This wasn't just a minor technical hiccup. It was a conflict between old and new versions of the protocol, with a spotlight on Bitcoin's core ethos โ ๐ฅ๐ฆ๐ค๐ฆ๐ฏ๐ต๐ณ๐ข๐ญ๐ช๐ป๐ข๐ต๐ช๐ฐ๐ฏ. Each user played their part, ensuring the network remained intact and stronger than ever.
The 2013 fork saga is now part of Bitcoin's lore, demonstrating not just its ability to survive, but to ๐ฆ๐ท๐ฐ๐ญ๐ท๐ฆ. When faced with adversity, Bitcoin proves that its strength lies not in easily-copiable code, but in ๐๐ต๐ฒ ๐๐ป๐๐ถ๐ฒ๐น๐ฑ๐ถ๐ป๐ด ๐๐ฝ๐ถ๐ฟ๐ถ๐ ๐ผ๐ณ ๐ถ๐๐ ๐๐ป๐ฐ๐ผ๐ฝ๐ถ๐ฎ๐ฏ๐น๐ฒ ๐ฐ๐ผ๐บ๐บ๐๐ป๐ถ๐๐. 11 years later, Bitcoin remains unbridled by central control, and resilient in the face of technical tumult.

How was this chain split resolved? Miners and nodes chose to dial back to version 0.7, which merged the split. ๐ก๐ผ ๐ธ๐ถ๐ป๐ด๐ ๐ผ๐ฟ ๐ฏ๐๐ฟ๐ฒ๐ฎ๐๐ฐ๐ฟ๐ฎ๐๐ ๐๐ฒ๐ฟ๐ฒ ๐ป๐ฒ๐ฐ๐ฒ๐๐๐ฎ๐ฟ๐ ๐๐ผ ๐ฐ๐ผ๐ผ๐ฟ๐ฑ๐ถ๐ป๐ฎ๐๐ฒ ๐๐ต๐ถ๐. Individuals in the community followed their own incentives and steered the ship back on course, a testament to Bitcoiners' united resolve.
This wasn't just a minor technical hiccup. It was a conflict between old and new versions of the protocol, with a spotlight on Bitcoin's core ethos โ ๐ฅ๐ฆ๐ค๐ฆ๐ฏ๐ต๐ณ๐ข๐ญ๐ช๐ป๐ข๐ต๐ช๐ฐ๐ฏ. Each user played their part, ensuring the network remained intact and stronger than ever.
The 2013 fork saga is now part of Bitcoin's lore, demonstrating not just its ability to survive, but to ๐ฆ๐ท๐ฐ๐ญ๐ท๐ฆ. When faced with adversity, Bitcoin proves that its strength lies not in easily-copiable code, but in ๐๐ต๐ฒ ๐๐ป๐๐ถ๐ฒ๐น๐ฑ๐ถ๐ป๐ด ๐๐ฝ๐ถ๐ฟ๐ถ๐ ๐ผ๐ณ ๐ถ๐๐ ๐๐ป๐ฐ๐ผ๐ฝ๐ถ๐ฎ๐ฏ๐น๐ฒ ๐ฐ๐ผ๐บ๐บ๐๐ป๐ถ๐๐. 11 years later, Bitcoin remains unbridled by central control, and resilient in the face of technical tumult.

Read the whole manifesto here:


๐๐ป๐๐ ๐ฆ๐๐ฎ๐ป๐ต๐ผ๐น๐บโ๐ ๐ฎ๐ป๐๐๐ฒ๐ฟ:
Since the only way to get something out of your bitcoin holdings is to trade them away for goods or services, there are no ways for the filthy rich to leverage their stacks. At least not in the long run. Anyone on Earth with a smartphone can easily accept sats for anything by simply downloading an app. Furthermore, on-chain data show us that addresses with one bitcoin or less are growing in number while addresses with 10,000 bitcoin or more are shrinking in number.
Knut Svanholm is a former sea captain whose biggest claim to fame is the infamous bitcoin meme "Everything divided by 21 million", which is also the title of his best-selling book.
Nowadays, he spends his time hosting the Freedom Footprint Show and advising a handful of Bitcoin companies and non-profit organizations.
He recently wrote a book about praxeology โ the science of human action.
Occasionally, you'll find him entertaining people at conferences by speaking, playing guitar, moderating panels, or reciting inappropriate dad jokes to the wrong people.
You can count on Knut to deliver a healthy dose of real stupidity amidst the AI revolution.
Each chapter begins with one of the most pertinent questions about Bitcoin, and is answered by some of the best and brightest Bitcoin plebs, including
Bitcoin's evolution showcases ๐๐๐๐๐ฎ๐ถ๐ป๐ฒ๐ฑ ๐ด๐ฟ๐ผ๐๐๐ต in adoption and price, distinct from the short-lived 17th-century tulip mania. Its rise mirrors that of leading tech firms, driven by ๐ข ๐จ๐ณ๐ฐ๐ธ๐ช๐ฏ๐จ ๐ถ๐ด๐ฆ๐ณ ๐ฃ๐ข๐ด๐ฆ and ๐ช๐ฏ๐ค๐ณ๐ฆ๐ข๐ด๐ช๐ฏ๐จ ๐ข๐ค๐ค๐ฆ๐ฑ๐ต๐ข๐ฏ๐ค๐ฆ among merchants and institutions, positioning it as a significant digital currency.
Bitcoin's finite supply of 21 million coins, designed to prevent debasement via inflation, alongside its decentralized, secure, and transparent nature, ๐๐ผ๐น๐ถ๐ฑ๐ถ๐ณ๐ถ๐ฒ๐ ๐ถ๐๐ ๐๐๐ฎ๐๐๐ ๐ฎ๐ ๐ฎ ๐๐ป๐ถ๐พ๐๐ฒ ๐ฎ๐ป๐ฑ ๐ถ๐ป๐๐ฎ๐น๐๐ฎ๐ฏ๐น๐ฒ ๐ฎ๐๐๐ฒ๐. Its Proof of Work ensures secure, immutable transaction records, operating on a peer-to-peer network that eliminates intermediaries.
Critics often overlook the source of Bitcoin's value: the human desire for their time and labor to be represented in a scarce, divisible, portable, and fungible asset. Bitcoin's digital and decentralized attributes enhance these characteristics, ๐ง๐ถ๐ณ๐ต๐ฉ๐ฆ๐ณ ๐ด๐ฐ๐ญ๐ช๐ฅ๐ช๐ง๐บ๐ช๐ฏ๐จ ๐ฃ๐ช๐ต๐ค๐ฐ๐ช๐ฏโ๐ด ๐ฑ๐ญ๐ข๐ค๐ฆ ๐ข๐ด ๐ต๐ฉ๐ฆ ๐ฎ๐ฐ๐ฏ๐ฆ๐บ ๐ฐ๐ง ๐ต๐ฉ๐ฆ ๐ง๐ถ๐ต๐ถ๐ณ๐ฆ.
Bitcoin serves as ๐ฎ ๐ต๐ฒ๐ฑ๐ด๐ฒ ๐ฎ๐ด๐ฎ๐ถ๐ป๐๐ ๐๐ต๐ฒ ๐๐๐น๐ป๐ฒ๐ฟ๐ฎ๐ฏ๐ถ๐น๐ถ๐๐ถ๐ฒ๐ ๐ผ๐ณ ๐๐ฟ๐ฎ๐ฑ๐ถ๐๐ถ๐ผ๐ป๐ฎ๐น ๐ณ๐ถ๐ป๐ฎ๐ป๐ฐ๐ถ๐ฎ๐น ๐๐๐๐๐ฒ๐บ๐, offering a diversification tool against inflation, currency devaluation, and geopolitical risks. Its independence from conventional financial mechanisms renders it an appealing choice for safeguarding wealth.
In short: Unlike the Tulip Bubble of the 17th century, Bitcoin's ongoing development and inherent qualities firmly establish it as much more than a speculative asset. Its properties and role as a financial system hedge underscore its ๐ถ๐ฟ๐ฟ๐ฒ๐ฝ๐น๐ฎ๐ฐ๐ฒ๐ฎ๐ฏ๐น๐ฒ ๐๐ฎ๐น๐๐ฒ and ๐ฝ๐ฒ๐ฟ๐บ๐ฎ๐ป๐ฒ๐ป๐ฐ๐ฒ in the global economy.
Bitcoin was both proposed and born in the year of the ๐๐ฎ๐ฟ๐๐ต ๐ฅ๐ฎ๐, which embodies the Rat's ๐ค๐ญ๐ฆ๐ท๐ฆ๐ณ๐ฏ๐ฆ๐ด๐ด and ๐ข๐ฅ๐ข๐ฑ๐ต๐ข๐ฃ๐ช๐ญ๐ช๐ต๐บ, and the Earthโs ๐ด๐ต๐ข๐ฃ๐ช๐ญ๐ช๐ต๐บ and ๐ณ๐ฆ๐ญ๐ช๐ข๐ฃ๐ช๐ญ๐ช๐ต๐บ. Bitcoin perfectly demonstrates the Earth Rat's characteristics of innovation, practical application, and the foresight to solve the problem of trust in the digital age.
Bitcoin's origins in the Earth Rat year emphasizes its quiet strength and potential for growth. ๐๐๐ฒ๐ป ๐๐ต๐ฒ ๐ป๐ฎ๐บ๐ฒ ๐ผ๐ณ ๐๐ถ๐๐ฐ๐ผ๐ถ๐ปโ๐ ๐ฐ๐ฟ๐ฒ๐ฎ๐๐ผ๐ฟ, ๐ฆ๐ฎ๐๐ผ๐๐ต๐ถ ๐ก๐ฎ๐ธ๐ฎ๐บ๐ผ๐๐ผ, ๐ฒ๐๐๐ฒ๐ป๐๐ถ๐ฎ๐น๐น๐ ๐ฟ๐ฒ๐ณ๐ฒ๐ฟ๐ฒ๐ป๐ฐ๐ฒ๐ ๐๐ต๐ฒ ๐๐ฎ๐ฟ๐๐ต ๐ฅ๐ฎ๐ ๐ฐ๐ผ๐ป๐ฐ๐ฒ๐ฝ๐: โSatoshiโ can be translated to mean โ๐ธ๐ช๐ด๐ฅ๐ฐ๐ฎโ or โ๐ฌ๐ฏ๐ฐ๐ธ๐ญ๐ฆ๐ฅ๐จ๐ฆโ, which are both qualities of the Rat. โNakamotoโ can be translated to mean โ๐ง๐ฐ๐ถ๐ฏ๐ฅ๐ข๐ต๐ช๐ฐ๐ฏโ or "๐ด๐ฐ๐ถ๐ณ๐ค๐ฆ", which both describe the groundedness of the Earth element. ๐๐
Truly, Bitcoin is characterized by the qualities that those born in the year of the Earth Rat are said to have! ๐คฏ
Tomorrow, however, begins the year of the ๐ช๐ผ๐ผ๐ฑ ๐๐ฟ๐ฎ๐ด๐ผ๐ป. This could signify ๐ฎ ๐ฝ๐ฒ๐ฟ๐ถ๐ผ๐ฑ ๐ผ๐ณ ๐ฒ๐
๐ฝ๐ฎ๐ป๐๐ถ๐ผ๐ป ๐ฎ๐ป๐ฑ ๐ฝ๐ฟ๐ผ๐๐ฝ๐ฒ๐ฟ๐ถ๐๐ ๐ณ๐ผ๐ฟ ๐๐ถ๐๐ฐ๐ผ๐ถ๐ป. Dragons symbolize ๐ด๐ต๐ณ๐ฆ๐ฏ๐จ๐ต๐ฉ and ๐ญ๐ถ๐ค๐ฌ, and wood infuses these qualities with ๐จ๐ณ๐ฐ๐ธ๐ต๐ฉ and ๐ณ๐ฆ๐ฏ๐ฆ๐ธ๐ข๐ญ. This combination hints at an exciting year for Bitcoin, especially with the anticipated halving event.
The halving is a significant event in Bitcoin, as ๐ช๐ต ๐ข๐ญ๐ช๐จ๐ฏ๐ด ๐ธ๐ช๐ต๐ฉ ๐ต๐ฉ๐ฆ ๐๐ฐ๐ฐ๐ฅ ๐๐ณ๐ข๐จ๐ฐ๐ฏ'๐ด ๐ฆ๐ฏ๐ฆ๐ณ๐จ๐บ ๐ฐ๐ง ๐ต๐ณ๐ข๐ฏ๐ด๐ง๐ฐ๐ณ๐ฎ๐ข๐ต๐ช๐ฐ๐ฏ ๐ข๐ฏ๐ฅ ๐จ๐ณ๐ฐ๐ธ๐ต๐ฉ. It increases bitcoinโs scarcity by changing the issuance of new coins from about ๐ต๐ฌ๐ฌ ๐ฝ๐ฒ๐ฟ ๐ฑ๐ฎ๐ to about ๐ฐ๐ฑ๐ฌ ๐ฝ๐ฒ๐ฟ ๐ฑ๐ฎ๐. This decrease of new supply causes prices to rise, and drives more value and innovation to the Bitcoin network. This beautifully reflects the Wood Dragon's blend of ๐ข๐ฎ๐ฃ๐ช๐ต๐ช๐ฐ๐ฏ with ๐ข ๐ค๐ฐ๐ฐ๐ฑ๐ฆ๐ณ๐ข๐ต๐ช๐ท๐ฆ ๐ด๐ฑ๐ช๐ณ๐ช๐ต. ๐ชต๐
As Bitcoin enters the year of the Wood Dragon, its journey showcases the enduring qualities of its birth in the year of the Earth Rat. ๐ง๐ต๐ฒ ๐ฏ๐น๐ฒ๐ป๐ฑ ๐ผ๐ณ ๐ถ๐ป๐ป๐ผ๐๐ฎ๐๐ถ๐ผ๐ป, ๐๐๐ฎ๐ฏ๐ถ๐น๐ถ๐๐, ๐ฎ๐ป๐ฑ ๐ด๐ฟ๐ผ๐๐๐ต ๐ฝ๐ฟ๐ผ๐๐ฝ๐ฒ๐ฐ๐๐ ๐ฝ๐ผ๐๐ถ๐๐ถ๐ผ๐ป๐ ๐๐ถ๐๐ฐ๐ผ๐ถ๐ป ๐ณ๐ผ๐ฟ ๐ฎ ๐ฝ๐ผ๐๐ฒ๐ป๐๐ถ๐ฎ๐น๐น๐ ๐๐ฟ๐ฎ๐ป๐๐ณ๐ผ๐ฟ๐บ๐ฎ๐๐ถ๐๐ฒ ๐ฝ๐ฒ๐ฟ๐ถ๐ผ๐ฑ, embodying the best traits of these powerful zodiac symbols.
Remember to give this a ๐๐ถ๐ธ๐ฒ๐ค, and celebrate the Chinese New Year by ๐ฆ๐ต๐ฎ๐ฟ๐ถ๐ป๐ด๐ this and ๐๐ผ๐ผ๐ธ๐บ๐ฎ๐ฟ๐ธ๐ถ๐ป๐ด๐ it for later (๐ต๐ฉ๐ฆ๐ฏ ๐บ๐ฐ๐ถโ๐ญ๐ญ ๐ด๐ฆ๐ฆ ๐ช๐ง ๐ธ๐ฉ๐ข๐ต ๐ช๐ต ๐ฑ๐ณ๐ฆ๐ฅ๐ช๐ค๐ต๐ด ๐ง๐ฐ๐ณ ๐ต๐ฉ๐ช๐ด ๐บ๐ฆ๐ข๐ณ ๐ค๐ฐ๐ฎ๐ฆ๐ด ๐ต๐ณ๐ถ๐ฆ! ๐).
What do you think about the Chinese New Year and its zodiac?
Tell me in the ๐๐ผ๐บ๐บ๐ฒ๐ป๐๐โฌ๏ธ