celestal

Bitcoin Security – It's More Robust Than You Think

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...

The 51% attack against Bitcoin (and why you've gotten it wrong)

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 netwo...

2022 – a rough year that ended in a positive note

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 s...

Europe's energy clown fest

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 ...

Minimalistic Christmas

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 balan...

Bought beer with Hive

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 @br...

On the self and finance – Back to the grind #5: Ramblings about work, economy, crypto and the psychological benefit of a long-term goal

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 practi...

Fonte da Telha

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,...

Long Exposure Experiments

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. Duri...

Gotta enjoy the sun in autumn

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 ...

50 shades of Amsterdam during and after HiveFest

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 ha...

Wrapping up HiveFest

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 go...

Road to Hivefest - Traveling light

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 ...

Debunking bitcoin energy myth in one sentence

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 capit...

One key detail that changed my mind about Bitcoin

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 ...

Cash Hoarder – The Demonization of Saving

The Keynesian propaganda of economics has quite successfully demonized saving, because it is an "unproductive use of capital". The logic comes from the followin...

Modern Economic Nonsense Against Bitcoin and Deflation

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...

Comparing Bitcoin to VISA is ignorant

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 it...

Finally managed to grow basil myself

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 f...

My first music festival was a banger

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 th...