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Bitcoin LightningNetwork+ Profile picture
Bitcoin LightningNetwork+
@BTC_LN
Claim your #Bitcoin #LightningNetwork node. Join our swaps to get incoming liquidity for free. Grow your node twice as fast.
Libertad Lanarke Profile picture 1 subscribed
Mar 16, 2023 • 5 tweets • 2 min read
What is #bitcoin #lightning "Splicing"?
Splicing is transferring funds from on-chain outputs into a payment channel or from a payment channel to independent on-chain outputs without the channel participants having to wait a confirmation to spend the channel’s other funds.
🧵 1/5 In practice, that means with splicing you can add or remove bitcoin from your #LightningNetwork payment channel without the need to close the channel and create a new one entirely. It is making for a more dynamic LN experience.
Splicing comes in 2 varieties:
🧵 2/5
Mar 14, 2023 • 7 tweets • 2 min read
#Bitcoin was created as an alternative financial system in response to the shortcomings of traditional banking and currency systems, as evidenced by the reference to the 2008 financial crisis in its genesis block.

Bitcoin can help in several ways:
🧵 1/7 Decentralization: Bitcoin operates on a decentralized network. This provides a safe haven for people concerned about the stability of their local currencies & solvency of their banks, as their assets are not dependent on the actions of any single government or institution.
🧵 2/7
Nov 14, 2022 • 4 tweets • 3 min read
Top 3 reasons why people don’t take custody of their #bitcoin:

1. I don’t understand the tech.

I promise you it’s not that hard. If you can memorize a nursery rhyme and learn how to use a dumb phone you can do this too.

Wallets come with instructions: 2. What about inheritance?

If your beneficiary is old enough, educate them about the storage setup you use. If not, leave instructions with a trusted third party. Taking ownership of bitcoin inheritance is more straightforward than anything else. Books for education:
Nov 13, 2022 • 8 tweets • 6 min read
🚨 PSA: If you're not already doing so, please learn how to do self custody. For little #bitcoin, you can use a mobile wallet, but for larger amounts it's best to use a #hardwarewallet that will give you both security & comfort. Like for your favorite among these top 5 devices: 1. @Ledger has multiple types of devices that look like USB sticks at different price ranges. The cheapest will do the job: ledger.com
Mar 11, 2022 • 16 tweets • 4 min read
🌏 How will #bitcoin become the world reserve currency?
Bitcoiners always expected bitcoin to eventually become the world's new reserve currency in some way or another. Recent world events gave us an insight into how it will actually happen. 🧵 Image Step 1: The speed and scale of monetary sanctions implemented against Russia made it clear that central banks and large companies like SWIFT, VISA, etc. bend to the will of NATO. Reserve assets and payment channels are not a certainty. Only full self custody is guaranteed.