Flopper1
Kim Stock

https://signumart.io/profile/11499746024884129754

Signum Enthusiast
Legendary zapper

Public Key

npub1cd5lsu9yxusvecwzfesh76tpf43lht0k22d0vc4u3zexk9zy6wzsjgldur

NIP-05 Address

Flopper1@nostress.cc

NIP-57 Address

plainbarber66@walletofsatoshi.com

Profile Code

nprofile1qqsvx60cwzjrwgxvu8pyuctld9s56clm4hm99xhkv27g3vntz3zd8pgpzemhxue69uhhyetvv9ujumn0wd68ytnzv9hxgqgewaehxw309a5xjan9w3skc6ewdehhxarjxyhxxmmdheulhg

Publishing to

relay.nostr.band

hivetalk.nostr1.com

Author Public Key

npub1cd5lsu9yxusvecwzfesh76tpf43lht0k22d0vc4u3zexk9zy6wzsjgldur

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Last Notes

2025-03-29 11:23:14

https://image.nostr.build/1bd3da80f63fc42c877e483549c7264747d5177a41e05bec8f057ff11c54301d.jpg

2025-03-28 17:15:23

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I’m sorry you both feel that way.

2025-03-28 17:13:59

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No, I am not. I just used Damus. I haven’t even gotten Nostr on the computer yet.

2025-03-28 15:09:17

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Damus

2025-03-28 15:07:33

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

2025-03-03 21:41:22

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Sounds like the great white north.

2025-01-26 15:09:53

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

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

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

2024-12-29 01:16:41

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Yup
Go Signum network….. 🙏💎👀

2024-12-27 18:44:50

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

2024-11-03 23:46:25

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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

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Welcome and yes, Facebook can be exasperating.

2024-10-22 16:06:27

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

2024-10-12 22:01:57

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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

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🤣😂🤣😂 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 09:05:53

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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

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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

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

2024-10-02 13:43:59

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I can tell you, Satoshi was appalled

2024-10-02 13:40:11

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Good day🙏💎👀

2024-10-02 13:38:34

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Unfortunately, now we must check all of our code base

2024-10-02 13:32:24

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And there will be losses

2024-10-02 13:31:33

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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

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Alby Hub and LNbits?

2024-10-02 13:09:11

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Alby Hub and LNbits?

2024-10-02 13:08:34

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LOL 😂

2024-10-02 13:07:58

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LB hub and Ellen bits

2024-10-02 13:02:25

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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

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Awesome, BOT

2024-10-02 11:15:28

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

2024-10-02 11:07:51

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

2024-09-30 18:22:01

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That explains your sleeplessness sometimes.

2024-09-30 18:12:56

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😂🤣😂🤣😂🤣

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.

2024-09-29 16:42:05

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There’s trackers on your video link

2024-09-29 13:44:22

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

2024-09-29 13:37:43

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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

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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

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Good night.mp3

2024-09-26 19:10:21

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😂

2024-09-26 19:04:00

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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

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LOL 😂

2024-09-26 18:07:59

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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

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

2024-09-26 18:00:38

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

2024-09-23 19:49:28

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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

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https://youtu.be/T2op2qrs9p0?

2024-09-23 19:37:08

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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

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Seems dubious to me

2024-09-23 03:49:17

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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

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So you are a BOT thank you for the inspiration

2024-09-21 14:37:26

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Not getting cold already, are you?

2024-09-21 02:17:07

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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

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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

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

2024-09-20 17:29:03

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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

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Never whoa always giddyup

2024-09-20 17:14:38

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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

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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 10:36:53

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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

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Keyboard shortcuts are faster.

2024-09-15 09:13:43

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Thanks for answering. I appreciate your communication.

2024-09-15 09:08:24

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Crypto

2024-09-15 08:57:33

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I think there needs to be a few more buttons.

2024-09-12 14:20:56

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

2024-09-12 13:23:39

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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.

2024-09-12 13:21:38

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It is a perfect world. It’s people that fuck it up.

2024-09-12 02:34:46

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Yes, that way they have to take everybody out not just the leader.

2024-09-12 02:34:02

Who knew that entrepreneur meant RiskTaker?

2024-09-05 22:00:25

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Good day
https://image.nostr.build/nostr.build_45bf50667dab71ecd575df34c0e47647eff08b443c4df79c7d7887e611a5fb87.gif

2024-09-05 21:57:06

I see you too! #note1jst…wj0x

2024-09-05 21:56:20

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I see you too!

2024-08-28 18:27:32

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Yes, you can only do it with guys that work and asphalt

2024-08-21 23:08:54

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You forgot GD

2024-08-19 23:30:13

Thanks #note1a7s…8ykx

2024-08-13 23:23:33

https://youtu.be/naVOrb5pYAQ?si=waXa9MeWaAtnw8_p

2024-07-15 03:07:15

https://ai.invideo.io/watch/i4zm-w2RqSo
Welcome to our channel! In this video, we are excited to introduce you to Nostr - a groundbreaking, resilient, and tamperproof social network protocol. Say goodbye to central servers and traditional P2P techniques, because with Nostr, we are revolutionizing the way we connect and interact online.
Nostr is designed to provide an enhanced user experience while prioritizing privacy and security. By eliminating the need for central servers, this protocol ensures that your personal information remains safeguarded from potential breaches. With its cutting-edge technology, Nostr offers a decentralized network that cannot be easily targeted or tampered with.
Join us as we dive into the features and benefits of Nostr, including its flawless resistance to censorship and ability to withstand attacks. Learn how Nostr harnesses the power of blockchain and smart contracts to create a trustless environment for social interactions.
Whether you're an avid social media user or simply curious about the future of online interactions, this video is a must-watch. So, don't forget to hit that like button and share this video with others who might be interested in discovering a new era of social networking. Let's explore Nostr together and unlock its immense potential. See you in the video!

2024-07-15 01:58:29

Welcome to our channel! In this video, we are excited to introduce you to Nostr - a groundbreaking, resilient, and tamperproof social network protocol. Say goodbye to central servers and traditional P2P techniques, because with Nostr, we are revolutionizing the way we connect and interact online.
Nostr is designed to provide an enhanced user experience while prioritizing privacy and security. By eliminating the need for central servers, this protocol ensures that your personal information remains safeguarded from potential breaches. With its cutting-edge technology, Nostr offers a decentralized network that cannot be easily targeted or tampered with.
Join us as we dive into the features and benefits of Nostr, including its flawless resistance to censorship and ability to withstand attacks. Learn how Nostr harnesses the power of blockchain and smart contracts to create a trustless environment for social interactions.
Whether you're an avid social media user or simply curious about the future of online interactions, this video is a must-watch. So, don't forget to hit that like button and share this video with others who might be interested in discovering a new era of social networking. Let's explore Nostr together and unlock its immense potential. See you in the video!

2024-05-19 03:44:42

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Lottery 1

2024-05-18 20:47:26

The solution
The Signum blockchain allows for many different transaction typesbesides the standard money transfer or smart contract execution. Some of these smarttransactions can trigger multiple balance updates. This method gives users the convenience of the classical layer 1 approach, but at a much higher efficiency that is typically achieved only with layer 2 solutions. So in order to properly compare these so-called smart transactions with regular transactions, we introduced a new KPI which we call ‘smart transactions per second’, or STPS.   The first transaction to benefit from STPS was Signum’s multi-out payment in 2018. This transaction type enabled the Signum chain to conduct a pay-out up to 128 recipients in one transaction. This pushes the STPS from 1,020 to 19,200 per block (new block every 4 minutes). This increased the regular capacity from 4.25 TPS to 80 TPS for a given block size of only 179,520 bytes.
In June 2022, Signum introduced a STPS which is over 1,000x higher and can therefore cover the token distribution volumes in our scenarios 4 and 5. This is accomplished by a smart transaction that distributes revenue, pro rata, to all token holders in a single transaction that takes less than 200 bytes of blockchain space!
For comparison: A simple Bitcoin money transfer transaction usually takes up more than 200 bytes. And this is just a very basic event. All details around Signum’s massive upgrade with the Hard Fork Rainbow can be read here.
This means that Signum is the only blockchain that is able to handle all the scenarios we sketched out in our basic use case:
Signum provides this capacity by using the existing block size and the new transactions from Signum’s SIP-33. Future developments will expand this capability even more, i.e. by introducing new smart transactions with high STPS, reducing the amount of data on the blockchain needed per transaction (like the green contracts recently introduced with SIP-30). Finally, an increase of block size is also possible but might be prioritized downstream while development focuses on smart solutions instead of brute force by larger blocks and higher node requirements.
The big technological difference between Signum and other blockchains — which is very hard to replicate — can be summed up as follows:
* Tokens are native on the chain rather than smart contracts.
* Signum uses an account-basedlogic and not the unspent transaction output (UTXO) standard.
* There are many special (smart) transaction types, e.g. one for paying out revenue to multiple token holders in a single transaction, which scales very efficiently without bloating the chain.
Furthermore, the common operational and economic challenges discussed above do not apply to Signum:
* Creation As Signum provides tokens as a native element on it’s chain, creation is covered by only one transaction. Please see an example transaction herewhich results in this token here, ready to use from the block of creation. The cost of creating a token is 150 Signa, which is currently less than USD 0.70.
* Distribution of Tokens As Signum is account-based, a token can be transferred hassle free to any account on the chain with just one click. It’s as easy as sending an email. Example: Distributing a specific dividend-token to 10,327 different holders can already be done within less than 2 hours (see SignumTestnet). The transfers were processed from block 376,611 to 376,638, which took 1hr 48min and cost around 100 Signa (approx. USD 0.60). Note that this is only the initial distribution of tokens! The speed to perform the recurring payouts of the token related dividends is much faster. In fact, it is on a completely different speed level (see next point).
* Distribution of Dividend To demonstrate that the Signum blockchain can cover scenario 4 in our example above, we repeated sending a dividend to the 10,327 holders in one block more than 90 times — a mere 9% usage of our TPS. Please view these transactions on the chain here (101 times) and here (93 times). The distribution into the respective accounts of any of these 10,327 holders can be seen here. Overall, the chain updated holders’ balance changes more than 2 million times in under 2 minutes!
Finally, it is worth mentioning that Signum is a truly green and decentralized blockchain with no ICO or pre-mine. It is an open source project based on a philosophy of creating cutting edge technology that addresses many of the common problems around trading and security (see more on Signum’s native liquidity pools here). All innovations are kept in line the core principles of blockchains, i.e. decentralization, resistance to censorship, and global availability.

2024-05-18 20:46:25

Obviously, total cost of participation in this dimension will come at a cost to decentralization and consequently security of the blockchain.
In contrast to the above, the requirements for Signum node providers are very modest. A setup of only 2 vCPU, 2 GB RAM, 20 GB HD is necessary for a full node, which corresponds to an initial investment of only USD 140 (Source: Signum Hardware). If rented, the setup would incur monthly costs of only USD 11 (Source: Essential Signum). This of course makes the technology very inclusive, i.e. accessible to people in lower-income regions, which in turn fosters decentralization and hence security. This is a (sometimes forgotten) core principle of the blockchain concept in general.
The root cause for the predicted collapse of the currently dominant blockchains lies in their fundamental technological concept. In short, the logic is as follows:
* Tokens are not native elements of the platforms. They are created and managedthrough smart contracts. Every smart contract needs to be deployed on-chain. The original code takes up space and needs to be stored forever on every node. The result: a tremendous amount of duplicated code is deployed and stored on the blockchain.
* Handling simple operations like a token transfer by smart contracts leads to a huge increase in required blockchain space and effort when interacting with tokens.
* The result: blockchains get overloaded very quickly and/or the technical requirements to run a node become very high (which can lead to centralization).
In addition, there are operational and economic downsides:
On the operation side, the big problem is that specialized software engineers are needed to review and deploy the smart contracts. These developers are rare, expensive to hire, and hard to keep. Furthermore, there are numerous challenges around quality control as every contract is developed individually. On top, trust is an issue as the code is not easily reviewable by the publisher, e.g. with regards to back doors. And this is not just a theoretical problem: With a little research, everyone can see that in the past 12 months there have been many cases of token fraud or alleged hacks (recent example click here).
From an economic perspective,these technical and operational complications result in high costs of operating tokens. The whole token creation process (including hiring, coding, etc.) requires a substantial investment of time and money. Because one transaction is run per token and holder, transaction fees rack up very quickly. Attempting to mitigate these risks is very costly, as there are no ready-to-use tokens and complexity can increase quickly (not to mention the token hacks that are frequently reported).

2024-05-18 20:45:05

To audit how the existing big blockchains would perform in such a tokenized world, we can start with a simple use case:
Every month, a company makes a (revenue) pay-out to whoever holds the token in that particular moment.
We can now build five scenarios around this assumption. To keep the scenarios simple, only two dimensions serve as variables:
(1) Total number of different tokens issued and  (2) average number of holders per token.
Now, only the first variable (number of different tokens) is changed repeatedly by a factor of 10 to derive the number of transactions that must be handled by a blockchain:
For the above simulations, we assume that every holder should receive only one payment to their account/address every month. The results are striking:
When trying to handle the above scenarios under this simple use case, the existing big blockchains will collapse one after another. The blockchains´ TPSs (transactions per second) are just not high enough. The results are even more dramatic in more complex — and more realistic — use cases.
The underlying problem
Verifying the above analysis is simple and can be done by anyone: (1) Take the maximum number of monthly transactions each blockchain promises to deliver and (2) divide it by the number of transactions necessary to fulfill one payment per token holder per month for the given number of tokens. The result provides the percentage of the total blockchain capacity that would be required.
For the calculations in this paper, we used the following information which was either provided by the chains themselves or derived from expert estimates:
● Ethereum promises about 13transactions per second (Source: ETH explorer with TPS). This leads to around 34 million transactions per month — which is already insufficient for scenario 2, which requires 100 million payments per month.
● BSC promises about 63transactions per second (Source: TPS BSC and Solana and BSC Chart daily Tx). This implies around 162 million transactions per month — which is not enough for scenario 3, as it requires 1 billion payments per month.
● Cardano promises about 257transactions per second (Source: Cardano TPS from CMC), equivalent to around 692 million transactions per month — also inadequate for scenario 3, which requires 1 billion payments per month.
● Solana promises up to 50,000transactions per second, but this was never seen on the main net (Source: Solana TPS). The actual average is closer to 30,000 transactions per second. This calculates to around 77.7 billion transactions per month — which makes Solana the only blockchain out of the top 10 to cover at least scenario 4.
Another point to consider: For the examples above, there is a correlation between a blockchain’s capacity to handle transactions and the hardware requirements to run a node. The higher the capacity, the higher the hardware requirements and the associated costs of installation and maintenance. Solana, for example, handles about 30,000 transactions per second. However, to accomplish this, nodes need a setup with32vCPUs,128GB RAM, 2048 GB SSD. This requires either a one-time investment of around USD 7,100 (source: Solana Hardware) or a rental fee of around USD 210 per month (source: RISE-4 Solana). Both setups require additional spending on maintenance.

2024-05-18 20:42:57

Collapse of the big blockchains on the horizon —no doubt
Signum
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Jun 3, 2022
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Why booming tokenization will wipe out your favourite chains. Mind the gap!
The collapse
Tokenization is one of the most promising future applications for blockchains. In 2021, the market for tokenized assets is already about 2 trillion USD. By 2027, this market is expected to make up 10% of GDP, or 24 trillion USD. Use cases for tokenization are almost limitless across all industries as well as in the non-business world.

2024-04-28 14:48:22

It’s time for collaboration bitcoin wasn’t the only cryptocurrency Sashi touched. Please come and collaborate with Signum
https://discord.gg/wjvTtRcr

2024-04-02 14:00:23

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So this is what you guys do in the great white north

2024-04-02 13:58:19

https://video.nostr.build/e3adf3b4b9f7fa908cfa1ccbd70d5174f9bce39337b47282384d8bf3f3b7ca12.mp4

2024-03-15 03:06:44

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🙏💎👀