| hey cypherpunks, it's the end of the old regime | |
| cryptographic currency, no longer a dream | |
| oh believers in liberty, feel the new sunrise | |
| trustworthy coinage is right before our eyes | |
| it's time to remember the early pioneers | |
| ten thousand coins for a pizza, they look back in tears |
| import matplotlib | |
| import numpy.random | |
| import matplotlib.pyplot as plt | |
| from matplotlib.ticker import FuncFormatter | |
| #https://www.reddit.com/r/Bitcoin/comments/4gp28d/how_to_avoid_getting_ripped_off_in_large_btc/ | |
| #https://en.bitcoin.it/wiki/Confirmation | |
| cumulative = True |
| JoinMarket yield generators earn money on an unpredictable basis. It's worth calculating | |
| the equivalent interest rate as if joinmarket was a savings account. | |
| We can make a model of a bank account that takes deposits and withdrawals at any time and | |
| where the balance accumulates interest, then the parameters from a JoinMarket yield-generator | |
| wallet can be inputted to obtain the equivalent interest rate. | |
| We know that the present value of a bank account (P) grows to the future value (F) determined | |
| by the interest rate per unit time (r) and time (t) | |
| https://en.wikipedia.org/wiki/Compound_interest#Mathematics_of_interest_rates |
list of links for quick copypasting when debating on forums, also useful as a reading list
this was posted on reddit, link is https://www.reddit.com/r/Bitcoin/comments/7mh8c2/long_live_decentralized_bitcoin_a_reading_list/
some of these links may be subject to linkrot, try looking on archive.org or archive.is
a trip to the moon requires a rocket with multiple stages by gmaxwell https://www.reddit.com/r/Bitcoin/comments/438hx0/a_trip_to_the_moon_requires_a_rocket_with/
| In cryptoland, cypherpunks get clever | |
| Belief in freedom switches off never | |
| So long as nodes are run, bitcoin stays untorn | |
| Six an hour, new blocks are born | |
| To honest miners, new coins are bestow | |
| Going above 21 million is a no | |
| [chorus x2] |