{"id":12304,"date":"2019-10-19T14:25:33","date_gmt":"2019-10-19T18:25:33","guid":{"rendered":"https:\/\/www.duck9.com\/?p=12304"},"modified":"2019-10-26T13:55:38","modified_gmt":"2019-10-26T17:55:38","slug":"blocks-are-a-ledger-and-a-ledger-is-a-set-of-all-credits-and-debits-since-jan-2009-began-the-recording-via-blocks","status":"publish","type":"post","link":"https:\/\/www.duck9.com\/blog\/blocks-are-a-ledger-and-a-ledger-is-a-set-of-all-credits-and-debits-since-jan-2009-began-the-recording-via-blocks\/","title":{"rendered":"Blocks Are a Ledger and a Ledger is a Set of All Credits and Debits Since Jan 2009 Began The Recording Via Blocks"},"content":{"rendered":"
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By Larry Chiang<\/div>\n
A lot of people don\u2019t know what a Ledger is<\/div>\n
A lot of people in college do not know what a check transaction recorder is. <\/div>\n
So, when you say \u201cblock\u201d, you\u2019ve zero chance to convey they meanings of these four following tweets. I will attempt to translate. <\/p>\n
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<\/td>\nFernando Ulrich (@fernandoulrich<\/a>)<\/b><\/td>\n<\/tr>\n
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10\/18\/19, 6:33 PM<\/a><\/div>\n
#Bitcoin<\/a><\/p>\n
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600,000 blocks of transactions<\/p>\n

465,000,000 total transactions<\/p>\n

18,000,000 total bitcoins mined<\/p>\n

99,98% uptime<\/p>\n

Running 24\/7\/365 for over 10 years<\/p>\n

In pure anarchy.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Once the Ledger has set the transactions, the Ledger can\u2019t be changed. Every Ledger has every transaction. <\/p>\n<\/div>\n

Block numbers. We are on \u201cset of ledger set number 600,000\u201d. <\/div>\n\n\n\n\n
<\/span><\/td>\nJimmy Song (\uc1a1\uc7ac\uc900) (@jimmysong<\/a>)<\/b><\/td>\n<\/tr>\n
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10\/18\/19, 6:02 PM<\/font><\/a><\/div>\n
Some day, we’ll be referring to the past by block numbers.<\/p>\n
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“I bought back around 500,000”<\/p>\n

“My son was born around 550,000”<\/p>\n

“I quit my job around 700,000”<\/p>\n

“I met my wife around 645,000”<\/p>\n

and so on…<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

<\/span><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n


\nThe 600,000th block on 10-18-19 has all the info the 100,000th block had on 12-29-2010
\n<\/span><\/p>\n<\/div>\n

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<\/span><\/td>\nPieter Wuille (@pwuille<\/a>)<\/b><\/td>\n<\/tr>\n
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10\/18\/19, 5:07 PM<\/font><\/a><\/div>\n
Happy 600000th block, #bitcoin<\/a>!<\/span><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

<\/span><\/p>\n<\/div>\n

\n\n\n\n\n
<\/span><\/td>\nPieter Wuille (@pwuille<\/a>)<\/b><\/td>\n<\/tr>\n
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12\/29\/10, 3:59 AM<\/font><\/a><\/div>\n
happy 100000th block, #bitcoin<\/a> !<\/span><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n


\n<\/span>\"image2.jpeg\"<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

A ledger of transactions and selling to increase transactions <\/figcaption><\/figure>\n
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\n<\/span>\"image1.jpeg\"<\/span><\/p>\n

<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

By Larry Chiang A lot of people don\u2019t know what a Ledger is A lot of people in college do not know what a check transaction recorder is.  So, when you say \u201cblock\u201d, you\u2019ve zero chance to convey they meanings of these four following tweets. I will attempt to translate.  Fernando Ulrich (@fernandoulrich) 10\/18\/19, 6:33 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[78],"tags":[],"class_list":["post-12304","post","type-post","status-publish","format-standard","hentry","category-deep-underground-cryptocurrency-knowledge-9"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/12304","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/comments?post=12304"}],"version-history":[{"count":0,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/12304\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media?parent=12304"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/categories?post=12304"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/tags?post=12304"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}