1/10: The events of this past week change nothing about the long term mission and potential of #Bitcoin . Stay calm, stack sats, and run your own node. I just built a node with @getumbrel. It was simple + straightforward.
A thread on how I did it ππ
2/10: First, I bought the materials necessary to construct a node using my @fold_app card (always be stacking). The list of materials is on the @getumbrel website. I was able to buy everything I needed on Amazon.
3/10: Next, I inserted the SSD into the Hard Drive Enclosure. I put the Raspberry Pi into its case and connected the Hard Drive to the Raspberry Pi.
4/10: Then, through the @getumbrel site, I downloaded the @getumbrel OS for Raspberry Pi and Balena Etcher to enable the flash of the OS onto the microSD, which will be inserted into the Raspberry Pi.
5/10: I inserted my 32GB microSD card into a SD card reader and plugged it into my computer. Then, using Balena Etcher, I flashed the @getumbrel OS onto the microSD. It took <5 minutes.
6/10: Once the flash was complete, the card reader was auto-ejected. I removed the microSD and put it into the Raspberry Pi. I then plugged the power source and Ethernet cable into the Raspberry Pi.
7/10: I plugged the whole setup in and connected the Ethernet cord to a wall Ethernet port. After waiting 5 minutes, I navigated to http://umbrel.local per the instructions on the @getumbrel website
8/10: From there, I named my node, set up a password, copied down my key words, and then Bitcoin core started to sync. I was done with the physical setup in less than an hour. The full chain sync is still in progress.
9/10: Itβs a magical feeling to realize that, with just a few hours and ~$200, anyone can take full control of their money. No permission needed. If #Bitcoin is freedom money, then running a node is the key to unlock oneself from the shackles of trusting third parties.
10/10: I encourage anyone who hodls #Bitcoin to run their own node. Stacking and hodling are only the first steps. Opt into a financial future that empowers the individual, not institutions, banks or governments. Run your own #Bitcoin node.
P.S. Here is the @BTCsessions video that I used to guide this process. Next up, I'll be going through the process of connecting a wallet to my node and working through the setup of some @lightning channels.
β’ β’ β’
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1/13: In the attached blog post, the first of a two part series, I explore how the adoption of #Bitcoin can be explained by understanding its dual adoption curves: #Bitcoin , the asset, and #Bitcoin , the network.
2/13: Despite the noise, #Bitcoin is following a transparent and predictable adoption curve based on the Diffusion of Innovations theory. All technological innovations follow this model from invention through the treacherous path to mainstream adoption.
3/13: In just 12 years, #Bitcoin has grown to 135M users worldwide with an adoption rate faster than that of the internet, mobile phones, or virtual banking tools (i.e. PayPal) over comparable time periods (per @woonomic)