Several years ago a revolutionary technology called blockchain showed up on the scene. It’s probably the biggest invention since the creation of the Internet. The first cryptocurrency using the blockchain was Bitcoin and since then, thousands of other alternative coins arose.
Blockchain has no central point of failure, so it’s very difficult for authorities and corporations to control or regulate it.
In this article we are going to take a look at the inner workings of the blockchain technology, its security, ways of storing bitcoin, and the meaning of the Bitcoin halving that happened last week.
Note: “Bitcoin” references the network and the payment system, “bitcoin” references the currency and the currency unit.
Blockchain
Cryptocurrencies represents a type of decentralization, which takes the power over money away from the banks. Thanks to the blockchain, no institution can directly tamper with the cryptocurrency progression. One of the primary goals of the Bitcoin blockchain is to provide people with a secure way to store money, so if another financial crisis was to come, your funds would stay safe and independent of the banking system. Blockchain is a globally distributed ledger, implemented as a chain of blocks. Each block stores the completed transactions using strong cryptographic functions in a way that it’s practically impossible to hack. Almost anything can be saved on the blockchain, and it’s possible to do so without any third parties — the value is transferred directly between people and nobody is taking any fees, at least not directly (more on that below). Everything that was stored in the blockchain will remain unchangeable and permanent due to the high cryptographic security of the blockchain. It‘s politically and architecturally decentralized, so it cannot be controlled or regulated by any institution. It’s divided into multiple computational units, typically a global network of computers. But logically it is centralized, because it behaves like a single entity, like a powerful supercomputer — doing only a single set of tasks.
Bitcoin “Halvening”
Bitcoin is created when a new block is mined. More precisely, the reward is given to the miner who found the right “solution of the block” (hash). The reward is currently 6.25 bitcoin + all of the transaction fees in the block. The reward is halving every 210000 blocks (so every 4 years (1 block ~= 10 minutes)), so next time it will be 3.125 bitcoin in 2024. Presumably the price of bitcoin will be way higher at that time. (Previous block reward was 12.5 BTC, so 12.5BTC@9395USD = 117,437 USD) The transaction fee can be specified by the user, but the miners will of course prioritize the higher fee transactions, because it means a higher reward for them. When you use a low tx fee, you can wait dozens of blocks (or hundreds of minutes (1 block ~= 10 minutes). In any case, it’s still a better score than bank payment has — you have to wait anywhere between a few days to a few weeks, considering the overseas payments. Alternative coins (altcoins), i.e. Litecoin or Dogecoin have the time on the block set to lower values, LTC is on average 2.5 minutes and DOGE a minute.
Difficulty and Mining
Solo mining is already obsolete today. The difficulty of finding one bitcoin on your own, using your hardware, is about the same as searching for one particular seed of sand on the whole Planet Earth. That is why the miners started to form groups, so-called pools, where is their computational power shared for mining bitcoins. When they are successful, the found coin is democratically shared between everyone, depending on the work done.
The current computational power of the Bitcoin blockchain is ~120 Exahash/s. That means you would need at least 60 Exahash/s super-computer to do the 51% attack.
The strongest super-computer in the world, Summit, operates on 144 Petaflops. Taken that 1 hash/s is ~12700 flops/s, you would need a few million super-computers to change ONE transaction in the blockchain.
Hermes in the unconscious realms
Our dreams tell us about things outside of our conscious awareness. That is why they are so useful for therapy and dealing with neurosis.
Especially important are dreams while you are becoming your perfect self, the individual you were always supposed to be, but are not quite there yet. There are parts of your personality, hidden in your unconscious mind, you can access only through methods like active imagination or dream analysis.
The analytical psychology, created by Carl G. Jung, is heavily dependent on dream analysis. Jung himself spent years analyzing his dreams and visions (and he captured most of them in the Red Book) and even came up with the method of active imagination.
Okay, but how do you actually analyze your dreams? If you are like most people you probably don’t remember your dreams. You wake up and have only a fuzzy memory, that vanishes after a few seconds. Not much material for analysis.
I have been analyzing my dreams for about 2 years now, and I had whole months where I didn’t miss a single day. And that comes from someone who didn’t pay any attention to his dreams and was always forgetting them immediately. That was before I was aware of their significance.
Here I will share my methods for creating the perfect conditions for your dreams to be strong and to emerge every night, methods for capturing them and the basics of dream analysis.


