We need to focus on educating them.
Satoshi Nakamoto left us with precious little advice, but even his advice suggests practicality on this, screen shot of his post from 2010:
Ok here goes:
1.think of your lightning wallet as your “bill fold” you carry only a small amount of cash(cash for the weekend, or night out), DON’T KEEP MUCH HERE, like $100 -$200 just like a bill fold, rug pull won’t affect much.
2. Think of your “software” self-custody wallet as your checking account. This could be something like “brave wallet” or coinbase wallet. But must be self custody. Keep a month or so salary here.
3.think of your hardware/cold storage as your savings account. This is your NEST EGG.
If you think that way, fees/convenience dominate the lightning wallet choice. And just like loosing your billfold (it sucks) but won’t affect your destiny.
Features/convenience dominate the “software” wallet. This wallet is self custody and keeps a month or so of working cash. Typically hooked up to an exchange for moving coin in and out, and sending to your LN wallet.
security dominates the cold storage wallet decision (e.g. multi-sig air-gap multi-vender etc…
Clicked for the comments.
BTW I was a foolish teen at one point too. (Really don’t remember it)
I spent 110 minutes today in a big bank. Objective? To help a startup set up accounts to earn more than 0.01% interest. Doesn't seem like we're spliting the atom there, but you wouldn't know from the amount of hoops required to jump through.
Could have put together a nostr:npub17tyke9lkgxd98ruyeul6wt3pj3s9uxzgp9hxu5tsenjmweue6sqq4y3mgl from scratch, and accomplished far more purchasing power protection.
Worse than going to the DMV.
#bitcoin respects my time.
Time may be the only thing more valuable than #bitcoin. It is A very precious resource.
No lunch for me. :) 
nostr:note1se3ttfnqh9c3xa4r2lxdh7z50yscg429s0wwcenaw7q9cu902ytqs2hxdj
$5 is for wimps!
* Self custody is important. After a purchase you must pull off the exchange. *
But let’s look at some numbers:
6.25 #BTC /10min ~ 900 #BTC /day
At current prices that would indicate production could absorb a $27,000,000/day demand. This amounts to about:
$810,000,000/ month
Which is $9.7 billion/year
If there are about 500,000 hodlers globally,
Each hodler would have to invest $19,500/year (ABOUT $53/day) to keep the $30,000 price floor that we currently have.
1. We need more hodlers.
2. Each hodler needs to reach deep and do more than $53/day.
I propose we all skip lunch today, and add that $15 saved to a purchase and pull it off the exchange.
Cool thanks for the info.
#chicagoplebs
#photography #photostr #bitcoinstr #auto #classic #motorcycle #photo
I have seen a bunch of classic British cars lately, but today I ran into 2 brithish motorcycles: a Royal Enfield, and a Triumph Bonneville.
I think Royal Enfield went defunct in 1971. Don’t know much about Triumph. 
Not sure. Really depends on the the technology, price, adaptability, timeframe, etc.
All the current clients are “twitter” ish. I don’t want that at all. My work flow is totally different.
I want a hierarchical layout with a workflow style approach.
I other words, my typical flow is to go look at my followers first and see what they are talking about. I would want that organized by hash, and social graph. Currently it is manual and somewhat random.
Then if I want to reply, I just want to be able to quickly Tap to mark/queue for later.
Then I want to be able to reply with a list of previous notes just like you are showing, by working off my previous queue.
Then repeat but for whom I am following.
And possibly do the same for the universe based on a hash tag.
There are lots of improvements needed. Clearly this is one #nostrdev #primal #snort #coracle #damus
Makes me want to trek to Death Valley
On Monday, Sam Altman launched Worldcoin, a global identity and financial network. The project seeks to create the world's most extensive public financial and identity network with the scan of your eye. #Worldcoin
https://www.virtue.news/post/worldcoin-a-cryptocurrency-promising-privacy-or-surveillance
He should have stayed on the farm.
I am thinking about making my own client wish list, and then seeing what it would cost to implement.
Primal is open source.
If they only knew...
#memes #nostrmemes #memestr #grownostr
@media
https://nostrcheck.me/media/public/nostrcheck.me_6300946647091301011690164918.webp
Only the state controlled media is offended by Aldean. (Even my auto correct on my phone insists on spelling his name Adele.)
Every single time for me.
If I’m not exhausted I figure I’m not doing it right.
Self custody is important. After a purchase you must pull off the exchange.
But let’s look at some numbers:
6.25 #BTC /10min ~ 900 #BTC /day
At current prices that would indicate production could absorb a $27,000,000/day demand. This amounts to about:
$810,000,000/ month
Which is $9.7 billion/year
If there are about 500,000 hodlers globally,
Each hodler would have to invest $19,500/year (ABOUT $53/day) to keep the $30,000 price floor that we currently have.
1. We need more hodlers.
2. Each hodler needs to reach deep and do more than $53/day.
I propose we all skip lunch today, and add that $15 saved to a purchase and pull it off the exchange.
Gedankenexperiment:
Economists don’t understand negative interest rates.
So let’s say #BTC has an interest rate of say -4.0%.
What that means is that if I borrow 100 #BTC from you today, then I will have to pay you back only 96 #BTC next year.
But from my perspective that wouldn’t make sense, I would just hold it for another year and pay you back 92.16 #BTC . Driving that to its logical conclusion I hold for 50 years and only owe you 1BTC
Understanding negative interest is mind boggling for most economists.
Now this is why capital gains tax is unjust. Your capital asset (house, farm, etc) never became worth more, the dollar just weakened. But needless to say the GOV even wants a portion of your weaker dollar.