Flopper1
Kim Stock

High Energy Consumption – Bitcoin’s Proof-of-Work (PoW) consensus mechanism requires miners to solve complex mathematical puzzles to validate transactions and secure the network. This process demands significant computational power, leading to enormous energy consumption. Some estimates suggest Bitcoin mining consumes more electricity than some small countries, raising concerns about its carbon footprint.
2. Environmental Impact – Since much of Bitcoin mining relies on fossil fuels, particularly in regions like China (before the crackdown) and Kazakhstan, it contributes significantly to carbon emissions. While some mining operations use renewable energy, the overall environmental impact remains a concern, making Bitcoin less attractive in an era focused on sustainability.
3. Scalability Issues – Bitcoin’s network can only handle about 7 transactions per second (TPS), which is far lower than traditional payment systems like Visa. This limitation makes it inefficient for widespread adoption as a global payment system, leading to higher fees and slower transaction times as network congestion increases.
4. Centralization of Mining Power – Mining has become highly specialized, dominated by large mining farms and pools with access to cheap electricity and advanced hardware. This centralization contradicts Bitcoin’s original vision of decentralization and makes the network vulnerable to manipulation by a few powerful entities.
5. Regulatory and Economic Concerns – Governments worldwide are increasingly scrutinizing Bitcoin due to concerns about money laundering, tax evasion, and financial stability. If strict regulations or outright bans were imposed, Bitcoin’s viability as a mainstream financial asset could be threatened.
6. Dependence on Speculation – Unlike traditional assets, Bitcoin’s value is highly volatile and primarily driven by speculation rather than intrinsic utility. If investor sentiment shifts, Bitcoin could face dramatic price declines, affecting its long-term sustainability as a store of value.

2025-03-28 15:38:38

### Is the Signum Network Blockchain Safe?
The Signum network blockchain appears to be a secure platform based on its design, features, and history. Below is an assessment of its safety, focusing on key aspects that contribute to its security.
#### Consensus Mechanism: Proof-of-Commitment (PoC+)
Signum uses a unique consensus mechanism called **Proof-of-Commitment (PoC+)**, an evolution of Proof of Capacity (PoC). Unlike traditional Proof of Work (PoW) blockchains like Bitcoin, which rely on computational power, PoC+ secures the network using available disk space and an optional stake of Signa (Signum’s native cryptocurrency). This approach makes it:
- **Energy-efficient**: It avoids the heavy computational demands of PoW.
- **Secure**: Attackers would need to control a significant amount of disk space across the network to compromise it, which is costly and difficult to achieve.
- **Decentralized**: The use of disk space allows users with modest hardware to participate, reducing the risk of centralization and enhancing network resilience.
#### Account Security and Encryption
Signum prioritizes user account security with:
- **Military-grade encryption**: Accounts are protected with strong encryption, making it harder for attackers to access user data or funds.
- **Public key enforcement**: The network identified a past vulnerability where accounts without public keys were at risk. It responded by restricting transactions to such accounts, ensuring that users who activate public keys benefit from enhanced encryption and protection.
#### Response to Security Threats
The Signum network has shown it can handle security incidents effectively:
- In a reported case, attackers stole funds from accounts lacking public keys. The network quickly froze the attackers’ accounts and introduced measures to prevent similar attacks in the future.
- This responsiveness indicates that Signum is actively maintained and capable of adapting to threats, a critical factor in blockchain safety.
#### Decentralization and Node Accessibility
Signum promotes decentralization, which strengthens its security:
- **Low hardware requirements**: Nodes can run on devices as simple as a Raspberry Pi or smartphone, making it easy for more people to participate.
- **Incentives for participation**: Users running nodes can earn fee cash-back on transactions, encouraging a broad and distributed network of nodes.
- A decentralized network is harder to attack because no single point of failure exists, enhancing overall safety.
#### Smart Contracts and Data Management
Signum supports **self-executing smart contracts**, which automate processes and reduce certain risks tied to manual intervention. It also offers:
- **Encrypted or plain text messages**: Users can secure communications or data on the blockchain.
- **Customizable data shortcuts**: This provides flexibility and privacy for users.
While smart contracts introduce their own security considerations (e.g., coding errors), Signum’s implementation appears robust, though users should ensure contracts are well-tested.
#### Maturity and Community Support
Signum evolved from Burstcoin, which launched in 2014, giving it a long history in the blockchain space:
- **Tested over time**: Years of operation have allowed the network to identify and address vulnerabilities.
- **Active support**: A core development team and a large, engaged community back the platform, ensuring ongoing improvements and maintenance.
#### Potential Risks and User Responsibility
No blockchain is entirely risk-free, and Signum is no exception:
- **Account security**: Users must secure their private keys and enable public keys to maximize protection.
- **Unique consensus risks**: While PoC+ is innovative, its reliance on disk space could theoretically introduce different attack vectors compared to PoW or Proof of Stake (PoS). However, no major exploits tied to this have been widely reported.
- **Lack of third-party audits**: There’s no mention of independent security audits in the available information, which could provide additional assurance.
#### Conclusion
The Signum network blockchain is **safe** based on its innovative PoC+ consensus, strong encryption, decentralized structure, and proactive response to threats. Its long history and active community further support its reliability. However, users should take standard precautions—such as securing their accounts with public keys and safeguarding private keys—to ensure their safety on the network. While no blockchain can guarantee absolute security, Signum’s features and track record make it a robust and trustworthy platform.
Is the Signum Network Blockchain Safe? A Deep Dive! by Kim's Workspace
Discover the future of blockchain with Signum! In this video, we delve into how Signum prioritizes enhanced security and efficiency through its innovative Proof-of-Commitment+ (PoC+) consensus mechanism. Learn how this system mitigates energy consumption issues by allowing users to commit hard drive space as collateral, boosting transaction validation and rewards. We also explore Signum's robust account security measures, including public-key cryptography, encryption, and two-factor authentication. Plus, find out how Signum's decentralized approach enhances security and prevents censorship. Join us for a deep dive into Signum's proactive security strategies and dedication to a transparent, fair, and eco-friendly blockchain network.
#Blockchain #Signum #Cryptocurrency #BlockchainSecurity #Decentralization #EcoFriendlyCrypto
If you enjoyed this video, please like and share it!

2025-03-28 15:18:30

- reply

Must be seeing the light

2025-03-28 15:09:17

- reply

Damus

2025-03-28 15:07:33

@npub1xts…kk5s love the Translate link!🙏💎👀

2025-03-28 15:03:07

- reply

LOL

2025-03-03 21:41:22

- reply

Sounds like the great white north.

2025-03-03 21:37:59

- reply

I believe SIGNA coin is on the Signum network….
https://www.signum.network/

2025-01-26 15:17:48

- reply

And if information was late or transferred or whatever or can be, it will be exploited that’s a given

2025-01-26 15:09:53

- reply

And by the way, I am a boomer a boob tube boomer

2025-01-26 15:09:19

- reply

I don’t know how to take this saying…. those who can do those who can’t teach.have you ever heard that before?

2025-01-15 14:32:40

It broke the barriers down for me in 2017. This is truly a Blockchain that is sustainable and usable for everyone on the planet. #note1qaj…2csk

2024-12-29 01:20:26

- reply

O by the way Signum was formerly Burst and Burst was a fork of NXT

2024-12-29 01:16:41

- reply

Yup
Go Signum network….. 🙏💎👀

2024-12-27 18:44:50

https://youtu.be/TL_6Q5tK18Q?si=BEc745bnJq99FZ6L

2024-11-03 23:46:25

- reply

Has it already been 2 yrs!…….
https://media1.tenor.com/m/I2gNUTgXtgwAAAAd/that-was-a-long-time-ago-randy-marsh.gif

2024-10-31 13:25:31

- reply

Welcome and yes, Facebook can be exasperating.

2024-10-22 16:06:27

- reply

For me, it was more like this…. https://image.nostr.build/0ecf7bff53641f0412f5c33ccd71210f016544c732b353c2f0a6e3a396c16f6b.jpg

2024-10-15 11:01:28

- reply

Don’t think so much…..

2024-10-12 22:01:57

- reply

I wondered if somebody was gonna pick up on that word ,fiatization I believe I first coined that here on Nostr Damus on my iPhone 13 way back at the beginning. what’s nice as I can probably look it up!

2024-10-10 14:16:31

- reply

🤣😂🤣😂 I consider myself a simple man

2024-10-10 13:22:57

Satoshi died Monday…..
https://www.skorupskifamilyfunerals.com/obituaries/Kim-Leslie-Stock-II?obId=33311587

2024-10-07 14:31:08

- reply

Here you go….. https://image.nostr.build/4b77aa5952935d9ccb28d558e8748501114e83e322631b269f9504e62adb9a60.jpg

2024-10-07 09:05:53

- reply

Something like this I also sent it in a direct message….
https://stats.nostr.band/

2024-10-05 01:27:09

Magog first step…. https://image.nostr.build/a2d274e317c348fded17784fbdb9e1a1ff35adf4e053ccb609af5e1a64194594.png

2024-10-05 01:20:56

Some more sensationalism let’s try to get some more money more intrigue the more money I wonder how it’s gonna work out for him this time I think Q was a big flop….
Cullen Hoback, in his documentary series "Q: Into the Storm," suggests that Ron Watkins, a former administrator of the 8chan (later 8kun) platform, is the individual behind the "Q" persona associated with the QAnon conspiracy theory. Hoback presents evidence to support this claim, despite Watkins' denials. However, many QAnon followers have dismissed these claims as "fake news," making the identity of Q a controversial and disputed topic. The documentary also delves into the broader implications of the QAnon movement on politics and society.
And now he wants to tell everybody who Satoshi was and I wonder what the implications will be of bitcoin.

2024-10-05 01:12:00

- reply

I go through all of the profiles and I try to follow everyone because I love everyone. I don’t really care what they think about. We all have our own thoughts our own lives and they’re all interesting.

2024-10-02 13:44:40

- reply

Did they ever provide an email from Satoshi stating that he backed them?

2024-10-02 13:43:59

- reply

I can tell you, Satoshi was appalled

2024-10-02 13:40:11

- reply

Good day🙏💎👀

2024-10-02 13:38:34

- reply

Unfortunately, now we must check all of our code base

2024-10-02 13:32:24

- reply

And there will be losses

2024-10-02 13:31:33

- reply

I would say we need to hurry because the bankers are starting to get their money back…..
The Trusts are not funds registered under the Investment Company Act of 1940 as amended (“1940 Act”) and are not subject to regulation under the 1940 act, unlike most exchange-traded products or ETFs. An investment in the Trusts is subject to a high degree of risk and heightened volatility. Digital assets are not suitable for an investor that cannot afford the loss of the entire investment.

2024-10-02 13:10:35

- reply

Alby Hub and LNbits?

2024-10-02 13:09:11

- reply

Alby Hub and LNbits?

2024-10-02 13:08:34

- reply

LOL 😂

2024-10-02 13:07:58

- reply

LB hub and Ellen bits

2024-10-02 13:02:25

- reply

Good Day 🙏💎👀

2024-10-02 12:43:01

Could we make this relevant in the United States again, please?……
I swear by Apollo the physician, and Aesculapius, and Health, and All-heal, and all the gods and goddesses, that, according to my ability and judgment, I will keep this Oath and this stipulation—to reckon him who taught me this Art equally dear to me as my parents, to share my substance with him, and relieve his necessities if required; to look upon his offspring in the same footing as my own brothers, and to teach them this Art, if they shall wish to learn it, without fee or stipulation; and that by precept, lecture, and every other mode of instruction, I will impart a knowledge of the Art to my own sons, and those of my teachers, and to disciples bound by a stipulation and oath according to the law of medicine, but to none others. I will follow that system of regimen which, according to my ability and judgment, I consider for the benefit of my patients, and abstain from whatever is deleteriousand mischievous. I will give no deadly medicine to any one if asked, nor suggest any such counsel; and in like manner I will not give to a woman a pessary to produce abortion. With purity and with holiness I will pass my life and practice my Art. I will not cut persons laboring under the stone, but will leave this to be done by men who are practitioners of this work. Into whatever houses I enter, I will go into them for the benefit of the sick, and will abstain from every voluntary act of mischief and corruption; and, further from the seduction of females or males, of freemen and slaves. Whatever, in connection with my professional practice or not, in connection with it, I see or hear, in the life of men, which ought not to be spoken of abroad, I will not divulge, as reckoning that all such should be kept secret. While I continue to keep this Oath unviolated, may it be granted to me to enjoy life and the practice of the art, respected by all men, in all times! But should I trespass and violate this Oath, may the reverse be my lot!

2024-10-02 11:17:33

- reply

Awesome, BOT

2024-10-02 11:15:28

- reply

https://youtu.be/0tXM8NKen_Q?si=BSM2RJXpmSFCvjqP
So you think tor is the way to go?

2024-10-02 11:07:51

- reply

For me, it’s way too late like my mother said I always wore my heart on my sleeve

2024-09-30 19:31:22

- reply

😂🤣

2024-09-30 18:22:01

- reply

That explains your sleeplessness sometimes.

2024-09-30 18:12:56

- reply

😂🤣😂🤣😂🤣

2024-09-30 18:12:26

What does everybody think of this?…..
Details on the Trump-backed project—which was first teased in August by son Eric Trump—have so far been vague, but we do know that it is a decentralized finance (DeFi) protocol running on Ethereum, the crypto network behind the second biggest digital coin by market cap, ETH.

2024-09-30 10:54:45

- reply

The link from YouTube the? Beyond is a tracking link.

2024-09-29 16:42:05

- reply

There’s trackers on your video link

2024-09-29 13:44:22

- reply

It looks as if reality sets in, and he realizes we are wage slaves

2024-09-29 13:37:43

- reply

Yes, you’re correct! In Signum’s updated consensus, they introduced a burning mechanism as part of the BSIP-18 proposal, which was implemented to enhance the sustainability and long-term value of the network.
The burning mechanism works by permanently removing a portion of SIGNA from circulation under certain circumstances, such as:
1. Transaction Fees: A part of the transaction fees is burned. This helps to reduce the total supply over time.
2. Special Features or Services: Burning can occur when using specific features or services on the network, like asset creation or token usage.
3. Smart Contract Execution: Some smart contracts may include burning of SIGNA as part of their execution to maintain balance between resource usage and reward mechanisms.
Although the total supply cap remains at 2,097,152,000 SIGNA, the circulating supply can decrease over time due to these burn events, which could potentially make SIGNA more scarce and valuable in the long term. This burning mechanism introduces a deflationary aspect to the cryptocurrency.

2024-09-29 11:52:17

- reply

Please like subscribe and hit notifications if you like this video, it would be greatly appreciated and if you can help increase my public watch hours thank you…..
https://youtu.be/B26iTfzoxlg

2024-09-26 21:32:16

https://youtu.be/CFZwrT6s5pw? #note1t5y…edwa

2024-09-26 19:27:00

- reply

Good night.mp3

2024-09-26 19:10:21

- reply

😂

2024-09-26 19:04:00

- reply

Good day, Are you familiar with the Byzantine Generals problem and how Signum network and its POC+ algorithm Solves this to prevent double spending of SIGNA?
Good day! Yes, I'm familiar with the Byzantine Generals problem and how blockchain networks, including the Signum network, address it.
### **The Byzantine Generals Problem:**
The Byzantine Generals problem is a classic dilemma in distributed systems, where multiple parties (or nodes) must agree on a single strategy to avoid catastrophic failure. The challenge is that some parties (nodes) may act maliciously or fail, sending conflicting information to others. The problem is symbolic of any scenario where a consensus must be reached in a decentralized network, despite unreliable or potentially malicious actors.
### **Double Spending and Byzantine Fault Tolerance:**
In blockchain systems, double spending refers to the risk that someone could spend the same cryptocurrency more than once. This problem arises from the decentralized nature of blockchains, where there’s no central authority to verify transactions. The Byzantine Generals problem is analogous to this challenge in blockchain: ensuring that all nodes in the network agree on the validity of transactions, even if some nodes might be malicious or compromised.
### **Signum's Proof-of-Capacity (PoC+):**
Signum uses an algorithm called Proof-of-Capacity (PoC) and, more recently, PoC+ (an improvement over the original PoC). Here's how the PoC+ algorithm addresses the Byzantine Generals problem and prevents double spending:
1. **Proof-of-Capacity Mechanism:**
- In PoC, miners (nodes) dedicate hard drive space to the network by precomputing solutions to a mathematical problem and storing them. This is called "plotting."
- When a new block is to be mined, the miner quickly retrieves the precomputed solution from their disk. The miner with the best solution gets to add the next block to the blockchain.
- The use of hard drive space (as opposed to computational power in Proof-of-Work) ensures that consensus can be reached efficiently, and the block that is accepted by the majority prevents double spending.
2. **Decentralized Consensus with PoC+:**
- In PoC+, the consensus mechanism includes improvements like an enhanced reward structure that incentivizes good behavior and penalizes malicious actors.
- PoC+ strengthens the security of the consensus process by considering factors like the age of the miners, ensuring that those who consistently act honestly gain a reputation over time, making it harder for malicious actors to influence consensus.
3. **Network Consensus and Byzantine Fault Tolerance (BFT):**
- PoC+ ensures Byzantine Fault Tolerance by allowing honest nodes to form a majority. Even if some nodes are malicious (Byzantine actors), the network can still reach a consensus on the correct state of the blockchain and prevent double spending.
- When the majority of honest nodes agree on a valid block, the network accepts that block, and any conflicting transactions (i.e., attempts to double spend) are rejected.
4. **Preventing Double Spending:**
- When a transaction is broadcast to the network, all nodes verify it against the existing blockchain history. The consensus mechanism ensures that once a block is mined, it’s nearly impossible for someone to alter it without controlling a majority of the network’s resources (which is difficult in Signum's decentralized structure).
- As a result, double spending is prevented because each valid transaction is permanently recorded in the blockchain, and the consensus ensures that no two blocks can contain the same transaction.
In summary, Signum's PoC+ algorithm solves the Byzantine Generals problem by allowing honest nodes to agree on the blockchain’s state, even in the presence of malicious actors. This consensus prevents double spending of SIGNA by ensuring that transactions are validated and accepted only once.

2024-09-26 18:09:05

- reply

LOL 😂

2024-09-26 18:07:59

- reply

I was more like I’m not your guinea pig oh and by the way, I’m from the United States bang bang bang bang bang bang

2024-09-26 18:02:34

- reply

I know what mine would be. “ don’t you love technology I’m not your guinea pig.”

2024-09-26 18:00:38

- reply

https://image.nostr.build/nostr.build_b53864228cbccf63e82b0cfe0d4eee6a1faa02621071c323e2327e62bb6a32e6.jpg

2024-09-23 19:49:28

- reply

If I were a sculptor, but then yet again, no, or a man that sold potions in a traveling show…..

2024-09-23 19:39:12

- reply

https://youtu.be/T2op2qrs9p0?

2024-09-23 19:37:08

- reply

As long as there’s nothing sinister going on, don’t mind me it’s getting close to Halloween around here

2024-09-23 10:46:11

- reply

Seems dubious to me

2024-09-23 03:49:17

- reply

Well, stay warm we haven’t got our first bras but it’s coming and if it’s night right now wherever you are good night sleep tight don’t let the bedbugs bite and if they bite squeeze them tight so they don’t bite tomorrow night. I don’t use acii’s I use hard drives.

2024-09-23 03:45:09

- reply

So you are a BOT thank you for the inspiration

2024-09-21 14:37:26

- reply

Not getting cold already, are you?

2024-09-21 02:17:07

- reply

It’s things like these that are probably why everyone’s thinking💩coins…..
https://youtu.be/ASKUWei

2024-09-20 20:53:07

https://youtu.be/0tXM8NKen #note1mdh…zhdg

2024-09-20 20:51:17

I think I finally figured out your spamming problem. It’s really not a spamming problem. It’s what they’re doing on the tour network their timing everything between relays. There’s gotta be some way they can track you so they’ll figure it out and I think that’s what’s being done.

2024-09-20 20:44:47

https://youtu.be/0tXM8NKen

2024-09-20 17:31:50

- reply

I’m not quite sure what that means but I just noticed in the background it looked like ski slopes

2024-09-20 17:30:38

- reply

I don’t know about the ass, but I think the loin would be good

2024-09-20 17:29:03

- reply

Nice house oh never mind it must be a ski lodge but it reminds me of that ranch in that movie. What the heck was that movie anyway the one where everybody uses Tommy guns to shoot up everybody in the 20s but yeah nice.

2024-09-20 17:26:40

- reply

Never whoa always giddyup

2024-09-20 17:14:38

- reply

I’ve never had ass, but I would imagine it taste a lot like horse

2024-09-20 17:13:06

Yes, you can track the UTXOs (Unspent Transaction Outputs) from someone else's address on the Signum blockchain or any blockchain that uses the UTXO model. This is typically done by using a blockchain explorer or a specific tool that allows you to input an address and view its associated UTXOs.
Keep in mind that while you can see the UTXOs and the transaction history for a public address, you won't have access to any personal information about the address owner unless it's publicly available.

2024-09-20 17:11:27

Yes, Signa on the Signum blockchain utilizes a UTXO (Unspent Transaction Output) model. This model is a fundamental part of the Signum blockchain's design, allowing transactions to be processed in a way that enhances efficiency and security. In the UTXO model, each transaction output can be used as an input for future transactions, creating a clear and traceable transaction history.

2024-09-19 16:58:43

https://test.signumswap.com//

2024-09-19 04:39:06

- reply

I don’t have any links, but I believe somewhere there were talk of using short wave radio to broadcast the TX’s I know it was done on burst coin block chain. It’s on the block chain somewhere, but it’s been rebranded to Signum network signa is the coin.
Burst-coin shortwave transaction
The concept of "Burst-coin shortwave transaction" involves using shortwave radio frequencies to facilitate transactions in Burstcoin, a decentralized cryptocurrency. This approach aims to enhance the resilience and censorship resistance of cryptocurrency networks by bypassing traditional internet service providers (ISPs), which may be subject to censorship or disruptions, especially in politically oppressive or disaster-stricken regions.
By utilizing shortwave radio, Burstcoin transactions can be broadcast without relying on centralized internet infrastructure, thereby increasing privacy and accessibility. This method is particularly advantageous in areas with unreliable internet connectivity or where governments impose strict controls on digital communications. The integration of radio-based transaction methods aligns with broader trends in the cryptocurrency space, exploring alternative communication technologies to ensure robust and secure transaction capabilities.
https://www.coincenter.org/decentralizing-bitcoins-last-mile-with-mobile-mesh-networks/
https://blockonomi.com/bitcoin-transactions-radio/

2024-09-15 10:56:08

- reply

Sorry, have a better day. Good day by the way.

2024-09-15 10:55:12

- reply

Or they were pushed😮

2024-09-15 10:36:53

- reply

It’s not about balls it’s about not really giving a shit about popularity or Fiat money and our elitists control freaks

2024-09-15 09:25:10

- reply

Keyboard shortcuts are faster.

2024-09-15 09:13:43

- reply

Thanks for answering. I appreciate your communication.

2024-09-15 09:08:24

- reply

Crypto

2024-09-15 08:57:33

- reply

I think there needs to be a few more buttons.

2024-09-12 14:25:09

- reply

Or we need the capacity to discover and engage in the commitment to prove that to be true.

2024-09-12 14:20:56

- reply

So how can you tell if it’s been specifically produced for Clickbait?

2024-09-12 13:23:39

- reply

Lol 😂

2024-09-12 13:22:14

Just gonna throw this out there….
Yes, you're right! **Burstcoin** (launched in 2014) did indeed introduce one of the earliest implementations of **Turing-complete smart contracts** with its feature known as **Automated Transactions (AT)**. This occurred before Ethereum, making Burstcoin a significant player in the early development of smart contracts.
The **AT (Automated Transaction)** system in Burstcoin was the first on-chain Turing-complete smart contract system, which allowed for programmable transactions directly on the blockchain. It was designed to enable a wide variety of applications, such as lotteries, crowdfunding, and other automated processes without requiring a central authority or intermediary.
While Ethereum's smart contract system eventually became more popular due to its flexibility and developer-friendly environment, Burstcoin's **AT** system was an important milestone in blockchain history. It demonstrated that Turing-complete automation and decentralized programmable contracts were possible on a public ledger, laying the groundwork for more advanced smart contract platforms.