i have learned so many things against my will for this job tbh
Discussion
like now i have a rough idea of how bitcoin works. i never wanted this knowledge
Just 900 more hours to go⦠the rabbit hole runs deep
How does it work? Please tell
its basically money where no oneβs actually in charge of it
Everyone is in charge of their own money on a bitcoin standard.
Wallet of satoshi is a custodial wallet, meaning the private keys are kept by the software company that developed that wallet. Theoretically, this company can seize your bitcoin if the government orders it to do so. Other non custodial wallets, for example phoenix wallet, muun wallet, you keep your own fund, private keys. Nobody can take it.
Bitcoin is like Nostr except with money.
&nostr:note1z2wqfzd6vzalg4xm32kum6zngr2etng4hehtaad46a6mh0grntnsqrgwny
Tell me more
nobody or everybody, in a sense, effectively save result
The energy standard
https://medium.com/capriole/the-energy-standard-b726edeed588
There are cards you can get that have it, I've used one before. Or certain shops in cities you scan your wallet holding bitcoin on your phone to pay, say for a coffee. Is very cool. Vancouver implemented it a few years ago, but that was only city here I noticed it
thats so cool. it feels faker than other money to me and thats saying something. but all money is fake so. i think its just this is my first real experience with it and here it almost feels gamified
Imagine how people felt when they stopped trading chickens/cows/whatever, for this funny money called gold, coins, cash, then cards π
Cyborg do you have anything to add here?
don't love it till you try it, rinse, repeat!
Wallet of Satoshi = Bitcoin Bank Acct
Phoenix Wallet = Self Custody for small amounts of Bitcoin
Wallet of Satoshi = cash in pocket that could be lost
Pheonix = cash in jar at home
Coldcard = vault at home
Multi-sig cold storage = vault in secret, undisclosed location
Pointing people to Coldcard is meh but I like all these analogies!
Not a coldcard fan or just not a fan of suggesting which device to use?
The user experience of someone who wants to take self custody is trash using Coldcard.
If you use Seedsigner, foundation Passport, blockstream Jade,
Any one of those interacts with QR codes which pairs perfectly with your smartphone as well as any laptop.
You get amazing security and awesome intuitive user experiences with the other devices.
Also it's not actually open source and the others are so supporting the other projects = supporting Bitcoin self custody ecosystem directly.
Thank you for sharing. Will do more research. π€