„The instant, effectively-free transactions that spring from having so many people on (#Bitcoin) Lightning Addresses is like arriving on a different planet.“
„Most people's experience with #Bitcoin payments - if they even have it - is a 30-60 minute wait for mining + two-plus block confirmations, and a fee that made it feel dumb to send less than $20. Most people don't want that. They don't need that. They will never care about that.“
„This is what makes lightning-fast settlements a big deal. When normal people and businesses realize that global money transfers can be borderless, instant, free, and only take like two clicks, I think things are going to get very interesting.“
Still need to cover a lot of road on the privacy problem, but this feels better than everything naked on-chain. The hardest problem has always been making it easy for people who don't care about #Bitcoin to accept Bitcoin without requiring them to start caring about Bitcoin.“
„The way you do that is by making it "better than money." We're not there yet for everybody, but for the first time in many years, I caught a glimpse of how it might be possible.“
A durable deep-cold-storage and guidance for your heirs are key when it comes to #Bitcoin self-custody. Make it all yourself.
Better wrap your head around this NOW before it's too late. A step-to-step guide (21)👇
(1|21) Is your #Bitcoin seed-storage robust to withstand external influences? Does anyone know about your Bitcoin? Do they know how to take control of it in case of emergency? When I asked myself these questions, it hit me like a blow. F*** am I unprepared for unexpected events.
(2|21) As some might have already painfully discovered in 2022, it is crucial to store #Bitcoin yourself. “Not your keys, not your coins” is one of the most important mantras in the Bitcoin community.
Understanding inflation is crucial because only then we can recognise cause and effect and have the ability to solve the causal problem.
So we need to ask the question: ‘What the heck is #Inflation’ - A short thread (15) 👇
1|15) Unfortunately, a lot of terms are mixed up in the current debate about rising prices and inflation. This is bad, because linguistic desensitization prevents us from recognizing cause and effect and subsequently makes it difficult to solve the causal problem.
2|15) In particular, it is crucial to distinguish between inflation and price increases, which are unfortunately considered synonymous in today's discussion.
Running your own #Bitcoin node is as important as storing your own Bitcoin keys. A step-to-step guide to more self sovereignty.
Why and how? I got you covered: A short thread (21) 👇
1|21) A key feature and a main value proposition of #Bitcoin is that you don't have to trust anyone to use the network. The basis to make it happen is information, more specific, distributed information. A trustless system only works properly if everyone has all the information.
2|21) To ensure this, there are so-called #Bitcoin nodes. A Bitcoin node is nothing more than a computer running a special Bitcoin software.