celestal

In my last post I explained how the 51% attack on proof-of-work chains is very misunderstood. The synopsis of it is: 51% attack enables only a denial of service attack – a very expensive one. But it can't

You have probably heard about the 51% attack on proof-of-work chains, like Bitcoin. Here I'm going to explain the attack vector from miners on the bitcoin network, and why most people way overestimate

Employment 2022 was a year with a lot of changes to my employment. At summer I decided to quit working on my own massage point, and started doing massage as a subcontractor. I was really hopeful that now

Europe is in an energy crisis and Finland isn't left out of it with the government having proposed tax eases for high electricity bills. High prices are blamed on "greedy capitalistic" electricity

This year Christmas came before I knew it. Last two months have been full of work with some offdays here and there. Now the work situation is getting more balanced though since I quit subcontractor massage

Recently I've gotten into the local bitcoin scene in Helsinki. There was a lightning network meetup at a bar that accepts lightning network payments. I knew @brianoflondon's V4Vapp that allows payments

For a few years my income has been abysmally small. This is due to studying and trying to earn a living as a masseur. Right after school I started my own practice solo. I knew it wouldn't be easy. But

As I told earlier my conjoined Amsterdam/Lisbon holiday got kinda ruined because I got covid from Amsterdam during HiveFest. Wouldn't been big of a deal for me, but our supposed hosts didn't want to have

When I cycle back home from work in the evening there's a view along the way to Linnanmäki amusement park in Helsinki, which is still active in the autumn. During the evening it has a multiple spotlight

This is a rare day in Finland: sunny in October. It's times like these when I'm glad we have an apartment with a backyard facing south, because you can get the most out of this rare weather in autumn.

The headline is not only a reference to the liberal sex culture in Amsterdam but also to the collection of these pictures that ended up versatile in style. I hadn't taken much pictures for a while, but

I only got back home few days ago, since I left to Portugal for a holiday with @rrusina after HiveFest in Amsterdam. It didn't go as planned though because I got covid from Amsterdam which I only tested

To be honest, I probably hadn't attended Hivefest had it not been so close to Finland and easily combined with me and @rrusina's trip to Portugal where we will visit her friend in Lisbon. I will go there

Bitcoin doesn't waste energy, it eats energy that would get wasted. Let me explain. Bitcoin mining is a highly competitive industry that requires a lot of capital and cheap energy. Cheap energy sources

Do you know who controls the bitcoin network? No, it is not miners. It is Nodes. It's such a stupidly simple thing that I wonder how I understood it only after 5 years after being introduced to bitcoin.

The Keynesian propaganda of economics has quite successfully demonized saving, because it is an "unproductive use of capital". The logic comes from the following sequence: people cut spending

Talking about deflation, not only a lot of modern economists, but also many crypto folks, use it as a definitive argument against the possibility for Bitcoin to ever reach a global money status. The argument

Reading further the Fiat Standard book by Saifedean Ammous, one of the eye-opening things is about the distinction between monetary and payment systems – and its exactly not understanding these things

I had tried to grow basil myself without success in the last couple of years, but finally I managed to do it. The secret was growing them from seed. The basil from stores never managed to stick and just

We purchased tickets for Provinssi festival in Seinäjoki, Finland, already for 2021 but that got canceled because of covid bullshit. We held onto our tickets though for 2022 when it finally happened.