Message Turncoat in a DM to get moderator attention

Users Online(? lurkers):
10 / 30 posts
Posts: 2377
0 votes RE: Number Theory to Cryptography to Cryptocurrency
LiYang said: 

This should be interesting, looking forward to it. As the analogy is mining gold as money, another ridiculously wasteful task.

Wouldn't you be more on board with taking as much human interference (i.e. government) out of the economy as possible, adding a more trustworthy and unbiased system to facilitate trade?

 yes, very much so. I'm for less Government control of everything. I just don't like the wasteful mining aspect of either system. One is hording a rock the other is hording some virtual coin.

FEAR! FEAR! FEAR! FEAR! FEAR! FEAR!
last edit on 11/16/2022 5:18:24 AM
Posts: 4519
0 votes RE: Number Theory to Cryptography to Cryptocurrency
LiYang said: 
LiYang said: 

This should be interesting, looking forward to it. As the analogy is mining gold as money, another ridiculously wasteful task.

Wouldn't you be more on board with taking as much human interference (i.e. government) out of the economy as possible, adding a more trustworthy and unbiased system to facilitate trade?

 yes, very much so. I'm for less Government control of everything. I just don't like the wasteful mining aspect of either system. One is hording a rock the other is hording some virtual coin.

It's not so much the hording as the possible false scarcity aspect.  What makes anything valuable?  It needs to be a limited resource, but is it actually useful or is the value artificial?  In the case of crypto, the value lays in its self-sufficiency, but only if you can convince others to invest value in it.  It's the barest form of currency you can invest in, while fiat currency has a physical basis, but that suffers from its own limitations and insecurities.

So the value is in the corruptibility-vs-security and its made-scarcity, but the only added part here is that it is an implicit agreement on its value as scarcity.

Thrall to the Wire of Self-Excited Circuit.
Posts: 270
0 votes RE: Number Theory to Cryptography to Cryptocurrency

Government digital currency is very close.

It is centralized  ( Decentralized is better )

They'll have control. Be able to freeze your spending. Track everything you do money related.

We'll pay taxes at yard sales. We'll be taxed at children's lemonade stands. Or more like They'll pay tax, so you'll be charged for it.

It's called CBDC ( Central Bank Digital Currency )

Other decentralized blockchains will continue to exist and those will be the asset class. CBDC's will be digital fiat.

Cryptocurrencies as they are now, are NOT money.

We hear about money laundering with crypto, but that's an amateurs take. It's not possible to launder money with crypto.

One can put 1M more or less into cryptocurrency, and the money stays in the country, in the hands of someone else, hence you bought crypto. 

You're now free to fuck off to another country.... Still every penny is left behind. 

The cryptocurrency can then be liquidated in another country accumulating that nations currency. 

In some nations crypto isn't recognized as money, nor should it be. Like stocks, the gains from Cryptocurrencies remain unrecognized, therefore untaxable until liquidated. For this reason I'd recommend cashing out only what you'll spend. 

The US sucks for cryptocurrency users, the laws are depressing. 

 

Posts: 2
0 votes RE: Number Theory to Cryptography to Cryptocurrency

Have you ever considered making a bot that trades for you?

Posts: 4519
0 votes RE: Number Theory to Cryptography to Cryptocurrency
_AIice_ said: 

Have you ever considered making a bot that trades for you?

 Why not use your main account?

Thrall to the Wire of Self-Excited Circuit.
Posts: 2266
0 votes RE: Number Theory to Cryptography to Cryptocurrency

Prime Factorization

We care about the properties of two sets of numbers.

Natural Numbers, N = {1, 2, 3, 4, . . .}

Integers, Z = {. . . , -2, -1, 0, 1, 2, . . . }

We further concern ourselves with a subset of these sets, the set of Prime Numbers.

To understand prime numbers we must know what division over the set Z is.

Definition of Divides
If a, b, are elements of Z we say that a divides b, a|b, if ac = b for some c that is an element of Z.

During your childhood you may have been told that division is just a special case of multiplication, this definition of division states that explicitly. Division is derived from the fact that a number b can be expressed as the product of two numbers a and c. Division undoes this product, that is b/a = c.

Definition of Prime
An integer n > 1 is Prime if the only positive divisors of n are 1 and n.

Prime numbers are just a special kind of integer whose set identity is determined by the set of divisors they all have, in this case only n and 1.

The primary motivation for studying Prime numbers is that every natural number can be constructed out of primes in a unique way, which leads us to the most fundamental theorem of Number Theory.

Fundamental Theorem of Arithmetic
Every natural number can be written as a product of primes uniquely up to the order of the factors.

 

Finding the unique product of primes for some number is known as Prime Factorization.

Example. n = 1300
The sum of the digits of n is divisible by 2, so 1300/2 = 650
therefore n = 2*650
650 is divisible by 2, so 650/2 = 325
therefore n = 2 * 2 * 325
325 is divisible by 5, so 325/5 = 65
therefore n = 2 * 2 * 5 * 65
65 is divisible by 5, 65/5 = 13
so n = 2 * 2 * 5 * 5 * 13
13 is a prime number so we know we've completed the prime factorization
Hence, n = 2^2 * 5^2 * 13

Prime Factorization as a process has two key properties:
(1) Prime factors are unique, meaning that any give number n can only be written as a product of primes in one way.
(2) For some numbers n, finding this unique product of primes is incredibly difficult or rather computationally costly.

The following two theorems cover key properties of Prime Numbers.

Euclids Theorem
There are infinitely many prime numbers.

We care about this property because it alludes to the computational complexity of finding prime factors, we are searching for a set of bounded numbers out of a potentially infinite amount.

Primes of the Form ax + b
There are infinitely many primes of the form ax + b where a and b are fixed integers with a > 1 and x varying over the natural numbers.

We care about this property because it it reveals that prime numbers can be written as polynomials, in this case a linear polynomial (degree 1).

To get a feel for the computational complexity of prime factorization, lets define a function that outputs the number of primes less than some number x.

π(x) = #{p element of N : p <= x is a prime}

π(6) = #{2, 3, 5} = 3
π(10) = #{2, 3, 5, 7} = 4

We now graph this function with an upper bound of x = 100,000

Posted Image

Notice that the number of primes is always increasing but become less dense for greater numbers of x.

The problem is that for large numbers of x the function π(x) is computationally costly given is requires us to count each prime individually. That cost comes from us having to check the set of divisors for each and every number less than x.

Luckily there is a formula for π(x)

Prime Number Theorem
The function π(x) is asymptotic to x/log(x).

Asymptotic means that π(x) is approximately equal to x/log(x) and the accuracy of that approximation increases for larger and larger values of x.

This theorem paired with a clever algorithm makes finding really big prime numbers computationally easy.

At this point we now know some amazing facts with far reaching applications.

Any natural number can be represented uniquely as a product of prime numbers. To take some number, especially really big ones, and factor it into primes is really difficult even for big super computers. However, to find really big prime numbers is quite easy thanks to the Prime Number Theorem.

The upshot is that we could take two really big prime numbers p and q we've found via Prime Number Theorem and take their product n = p*q. We know the prime factor of n is p*q but everyone else will have a extremely difficult time finding the prime factor of n even if they know what n is.

Sound familiar?

last edit on 11/16/2022 7:36:15 PM
Posts: 4519
1 votes RE: Number Theory to Cryptography to Cryptocurrency

Example. n = 1300
The sum of the digits of n is divisible by 2, so 1300/2 = 250

The sum of the digits of n is divisible by 2, so 1300/2 = 650

Thrall to the Wire of Self-Excited Circuit.
Posts: 2266
0 votes RE: Number Theory to Cryptography to Cryptocurrency

Example. n = 1300
The sum of the digits of n is divisible by 2, so 1300/2 = 250

The sum of the digits of n is divisible by 2, so 1300/2 = 650

 Fixed, thanks.

 The rest of that calculation should be correct.

_AIice_ said: 

Have you ever considered making a bot that trades for you?

For clarity this is not me.

For now on I will be using this account pretty exclusively unless out and about, in such a case i will use one of the other two confirmed accounts.

Posts: 2866
0 votes RE: Number Theory to Cryptography to Cryptocurrency
_AIice_ said: 

Have you ever considered making a bot that trades for you?

I actually worked on one, but since i dont do crypto i lost interest rather quickly.

Cheery bye!
Posts: 298
0 votes RE: Number Theory to Cryptography to Cryptocurrency
Good said: 
_AIice_ said: 

Have you ever considered making a bot that trades for you?

I actually worked on one, but since i dont do crypto i lost interest rather quickly.

 Alice has actually.

If and when she's ready I'll lend her some hash power.

10 / 30 posts
This site contains NSFW material. To view and use this site, you must be 18+ years of age.