Today is day 30 of my journey to develop a writing habit. It was successful then I ever imagined it could be.
Threads I wrote were viewed over 2.5 million times and over 7K new people decided to follow along.
Let me break down my process and what I learned on this journey 👇
You must make the habit a priority.
Schedule time on your calendar for it and don’t let it be interrupted.
For me I chose to write early in the morning. I would set my alarm for 6am, grab a cup of coffee, and go write uninterrupted for an hour.
Do not feel the need to over edit or stress out about what people will think.
Just write for an hour about the topic, read it over a couple times, hit publish and walk away.
This process is about building a new habit while breaking down old barriers to content production.
Spend time each week brainstorming topic ideas. You do not want to start writing with a blank sheet of paper and no ideas.
This is how habits die.
Help yourself succeed by always being able to seed every session with ideas. Even better, try to write a ‘headline’ for each idea.
If you’re struggling to come up with topic ideas try asking your audience, look at current events, or see what people are talking about to get some ideas to branch off from.
You can also reuse topics but explore it from a different angle or try explaining it in a different way.
It’s important to publish to a social media platform like Twitter.
A lot of people make the mistake of starting with a personal website or blog.
They spend hours writing and perfecting the post.
The problem is once it’s published no one knows about your website.
It’s hard to get people to your personal website and the social media platforms are incentivized to keep their users contained inside their platform.
A tweet that shares an external link will be fighting “the algorithm” compared to a thread that keeps users on the platform.
Another benefit of social media is that if “the algorithm” figures out people are enjoying your content it will help spread it for you to people outside of your audience.
This is extremely helpful when you are starting out and don’t have an initial audience to share with.
Most importantly I learned that consistency is key to getting better at anything in life no matter what it is you are doing.
As the days went on it got easier for me to write out a thread. The time continually dropped and I didn’t feel as stressed when it was time to publish.
So what’s next for me?
I really enjoyed helping people understand Bitcoin concepts and it’s something I plan to continue to do.
I received so many messages from people saying how much they enjoyed my content.
I plan to explore some other formats than just Twitter threads.
With that said, I hope I helped you understand my process, the journey, and some of the lessons I learned along the way.
I hope you enjoyed all my threads so far and I hope I can continue educating the world about Bitcoin.
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I’m sure you’re aware that the main purpose of the lightning network is to help Bitcoin scale by enabling faster and cheaper payments.
Did you know it’s possible to use it to send arbitrary data along with a payment?
Why might you do that?
Should you?
Let me break it down 👇
Normally when you make a payment using the lightning network the receiver has to create an invoice for the specific amount and then get that invoice to you somehow.
You then instruct your wallet or node to pay that specific invoice and the money is routed to the recipient.
There’s a feature called ‘keysend’ that allows you to send money directly to a node's public key without an invoice.
This means instead of having to communicate with the recipient in order to send a payment you can now do so spontaneously as long as you have their public key.
To truly understand why we need Bitcoin it’s important to understand money itself.
What is money?
Why do we need it?
Why Bitcoin?
There’s many books written on these topics but let me try to break it down for you:
At the core of any economy are people who perform work that produces value for other people.
A farmer grows food for us to eat.
A painter creates art for us to enjoy.
A mechanic fixes our car so we can travel.
A teacher educates our children so they can prosper.
Without money the mechanic can only eat if the farmer needs his car fixed.
Each person needs to want what the other is producing at the same time.
A teacher only needs their car fixed so often but the mechanic needs his children educated all of the time.
Did you know that Bitcoin maintains a 10 min avg time between blocks regardless of the amount of hash power that on the network?
It’s possible because of a mechanism called the difficulty adjustment and it’s incredibly important to understand.
Let me break it down for you 👇
The difficulty refers to how hard it is for a miner to find a hash that would be considered a valid block on the network.
A higher difficulty translates to more hashes needing to be calculated on average whereas a lower difficulty means less hashes are needed on average.
If we recall from my previous thread on how mining works we know that a miner is hashing random values in search of an output that is less than some target.
When they find an input that produces an output below this target they are able to produce a block and claim the reward
You’ve done your homework on Bitcoin and are learning about Lightning or just set up a node. You aren’t sure how it works and are nervous about losing funds
What’s involved in backing up a lightning node?
I’ve been using lightning for years, let me break it down for you 👇
Your Bitcoin is in cold storage. You stamped your mnemonic into a piece of solid steel.
It won’t be destroyed in a flood, fire, or acid bath.
You can finally sleep at night knowing your Bitcoin are safe.
With Bitcoin covered, you are excited to experiment with Lightning.
You fully expect a similar security model when booting up your lightning node for the first time.
I’ll get a seed phrase and stamp it into another piece of steel.
Unfortunately, it won’t quite be as simple.
What makes lightning more difficult to backup and secure?