walker
· 20w
We have tools more powerful than their guns. We have Bitcoin. We have cryptography. We have encryption. No amount of violence can break that encryption. No amount of violence can solve a math proble...
I also used to think Bitcoin miners were solving math problems, but it’s really just throwing raw computing power at SHA256. Think of a person rolling a dice with a 100 sides. If he rolls below a 4 he gets a prize otherwise he gets nothing. As more people get involved a prize might only be given if someone rolls a 3 or lower, because rolling a 4 or below is happening too fast (which is the difficulty adjustment). Bitcoin miners are really just trying to roll a low enough number on a really big dice (technically it’s trying to guess a hash with enough leading 0’s but you get the point).
