Hi 👋 Jeff! Loved this episode and wondered if you could elaborate a bit more on what you mean with economic nodes vs regular nodes and how you spend your sats if most of the goods and services don’t really accept BTC or lightning payments?
I would really like to spend and replace, but can’t see the possibility yet in my country (NL) 😬🙏👍
Running an economic node means using your node regularly to verify the Bitcoin you are receiving. Simply holding Bitcoin does not make your node economic. So you need to be either stacking regularly or spending and replacing. A nice thread on it here (refreshed my memory too 👍)
Awesome, is it then also good practice to have this as a separate receiving wallet, I.e. one that does not receive KYC bitcoin bought from exchanges?
Ideally you should be receiving all your Bitcoin through your node at some time. You should receive both kyc and non kyc Bitcoin through it, but keep the receive addresses/wallets seperate 👍
