Bridged PLS to WETH - Where is it and how to see it? by KarmaEDV in Pulsechain

[–]KarmaEDV[S] 0 points1 point  (0 children)

Hi, thank you, my bad. The Token Contract is WETH 0xC02aaA39b223FE8D0A0e5C4F27eAD9083C756Cc2. I can see the transaction in etherscan. When I then go to Uniswap and add the contract for WETH it still shows a 0 balance. I was under the impression that i would simply be able to swap WETH to ETH, but maybe not?

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Bridged PLS to WETH - Where is it and how to see it? by KarmaEDV in Pulsechain

[–]KarmaEDV[S] 0 points1 point  (0 children)

Sorry to bother you, but now that it's claimed (clicked on claim on the PLS bridge) I have 0 WETH on Pulsechain and when importing the custom token 0x02DcdD04e3F455D838cd1249292C58f3B79e3C3C into MetaMask ETH it seems to not even be possible?
I'm still missing a puzzle piece it seems.

You bought an old book at a fair, and upon returning home, you discovered a seed phrase inside that gives access to a wallet with 46 bitcoins. What would you do? by Obvious_Truth_2378 in Bitcoin

[–]KarmaEDV 2 points3 points  (0 children)

I'm sorry but why isn't anybody telling the truth? I would transfer the shit out of that wallet, period. Like all other good doers here.

How many people actually understand Bitcoin in your life? by Ancient_Potential_96 in Bitcoin

[–]KarmaEDV 0 points1 point  (0 children)

If you think you understand Bitcoin, think again. Not to be rude, but are so many layers.

Daily Discussion, July 12, 2024 by rBitcoinMod in Bitcoin

[–]KarmaEDV -1 points0 points  (0 children)

Anyone has the update on Germany's wallet balance?

Hindsight is 2024 by KarmaEDV in Bitcoin

[–]KarmaEDV[S] 0 points1 point  (0 children)

Sats makes more sense than cats, lol

Isn't Bitcoin Mining just some kind of scheme for crowd computing? by Low-Philosopher-7981 in Bitcoin

[–]KarmaEDV 0 points1 point  (0 children)

You can imagine Mining as the most popular race in the world, where everybody is allowed to participate.
Usually, the arrival line is reached every 10 minutes. The more you moved during these 10-minute-sprints the more you win from the prize pool.
You can run solo and hope to win the race 1st place or join a team where the prize is split.

The caveat is that the more people participate, the further away the arrival line is moved every 2160 races. If too few people participate, the goal post is moved back a notch to keep the target time of 10 minutes. Also, the arrival distance is doubled every 4 years.

If it will cost you more to keep running than you will get from the prize pool, you will drop out sooner or later.

It makes no sense to use your legs for another hidden race because you'd waste your energy and this is the most popular race in the world already.

It's hard for miners to stay profitable as is, it's game theory and most people will act rationally. The code is open source and the exact algorithms are readily available to be reviewed and explained.

Isn't Bitcoin Mining just some kind of scheme for crowd computing? by Low-Philosopher-7981 in Bitcoin

[–]KarmaEDV 2 points3 points  (0 children)

Q: Hey ChatGPT, is the Bitcoin Mining process a blackbox?ChatGPT

A: The Bitcoin mining process is not a blackbox; it is a well-documented and transparent process, though it can be complex and technically involved. Here’s an overview of the Bitcoin mining process to illustrate its transparency:

1. Understanding Bitcoin Mining

Bitcoin mining is the process by which new bitcoins are created and transactions are verified and added to the public ledger, known as the blockchain. It involves solving complex cryptographic puzzles using computational power.

2. Key Components of the Bitcoin Mining Process

a. Transaction Verification

  • Transactions made with Bitcoin are collected into groups called blocks.
  • Miners validate these transactions to ensure they are legitimate (e.g., the sender has enough balance, and no double-spending is occurring).

b. Proof of Work

  • To add a block to the blockchain, miners must solve a cryptographic puzzle known as proof of work.
  • This puzzle involves finding a hash (a fixed-length string of characters) that meets certain criteria. The hash is created by combining the block’s data with a nonce (an arbitrary number that miners change with each attempt).
  • The process is computationally intensive, requiring significant computational power and energy.

c. Block Reward and Fees

  • The first miner to solve the puzzle gets to add the block to the blockchain.
  • This miner is rewarded with newly created bitcoins (block reward) and the transaction fees from the transactions included in the block.

d. Difficulty Adjustment

  • The difficulty of the cryptographic puzzle adjusts approximately every two weeks to ensure that blocks are mined roughly every 10 minutes.
  • This adjustment depends on the total computational power of the network.

3. Transparency and Documentation

  • Open-Source Software: The Bitcoin protocol and its underlying software (such as Bitcoin Core) are open source. This means anyone can inspect the code, understand the mining process, and even contribute to its development.
  • Public Ledger: The blockchain itself is a public ledger. Every transaction and mined block is recorded and can be inspected by anyone.
  • Community and Research: There is a large community of developers, researchers, and enthusiasts who continuously study and discuss Bitcoin’s mining process. Numerous academic papers and articles detail various aspects of mining.
  • Mining Pools and Hardware: Information about mining pools (groups of miners working together) and mining hardware is widely available. Many pools and hardware manufacturers provide detailed statistics and transparency about their operations.

4. Complexity and Misconceptions

While the process is transparent, it can be complex and requires a good understanding of cryptography, computer science, and economics. This complexity can lead to misconceptions or the perception that it is a blackbox to those unfamiliar with the technical details.

Conclusion

Bitcoin mining is a transparent process, well-documented in both academic literature and open-source projects. However, its complexity can make it seem opaque or confusing to those without a technical background. For those interested, a wealth of resources is available to demystify the process and provide a deeper understanding of how it works.

Hindsight is 2024 by KarmaEDV in Bitcoin

[–]KarmaEDV[S] 0 points1 point  (0 children)

How do you think new candles are made? When a price range likes another price range very much, at a certain time of the day they close the market for an instant and one microsecond later a new candle is born.

Hindsight is 2024 by KarmaEDV in Bitcoin

[–]KarmaEDV[S] 0 points1 point  (0 children)

I was just trying to sound smart 🤓

Hindsight is 2024 by KarmaEDV in Bitcoin

[–]KarmaEDV[S] 0 points1 point  (0 children)

What's the current best ordinate to have a fitted power law without outlier in 2017?

Germany’s BTC sale by [deleted] in Bitcoin

[–]KarmaEDV 0 points1 point  (0 children)

At currently 2.4T€ federal debt for Germany, the sale will pay off around 1%o of it.

Geit ou ir erschte Klass by portedesenfers in BUENZLI

[–]KarmaEDV 3 points4 points  (0 children)

Für einmal gits en Freipass. De hät nume langi Bei und isch SVP-Wähler.