8082 sats \ 3 replies \ @billiam 21 Mar 2023
"Bitcoin network is secure, and peer-to-peer transactions are confirmed by Bitcoin miners who use specialized computers and complex algorithms to solve math problems; the first miner to solve the problem wins the block and receives newly minted Bitcoins as a block reward”
Miners do not solve "complex math problems"! They brute force a certain sha256 hash pattern by trying out numbers.
reply
9 sats \ 2 replies \ @ursuscamp 21 Mar 2023
I really don't get why people are so prickly about this. Complex is subjective, but miners DO solve a math problem: find X, where X is a number as an input to a function where the output of a function is < a difficulty requirement.
It is solved via brute force, but that doesn't make it any less solved.
reply
0 sats \ 1 reply \ @billiam 22 Mar 2023
This is not "complex math problem solving". It's just trial and error by putting a value in a pretty simple hash function algo which can be executed by hand. An extreme case of a complex math problem is Fermat's Last Theorem which took Andrew Wile's decades to solve or supercomputers solving difficult calculation problems.
reply
0 sats \ 0 replies \ @Majjin 22 Mar 2023
You're technically correct, but try explaining all of this to a lay person or politician with no interest in mathematics or computer science. "Solving complex math problems" is a good enough explanation for them.
reply
7815 sats \ 2 replies \ @TonyGiorgio 21 Mar 2023
Did it pass?
reply
7150 sats \ 1 reply \ @Gian OP 21 Mar 2023
yes
reply
4788 sats \ 0 replies \ @TonyGiorgio 21 Mar 2023
Not according to this https://bitcoinmagazine.com/legal/texas-house-introduces-bill-to-protect-rights-of-btc-ownership?utm_source=carrot&utm_medium=partner&utm_campaign=carrot_share
reply
10 sats \ 0 replies \ @TNStacker 22 Mar 2023
Don't mess with Texas
reply