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LeLeo⚡️
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🇧🇷 • #bitcoin • #nostr • #plebs • guns'n'freedom • roots rock reggae

Existem apenas aproximadamente 2.3 milhões de Bitcoins restantes nas exchanges #btc

Paper money is burning. Protect your wealth with #Bitcoin  , the currency of resilience.

#Bitcoin privacy – for beginners

1⃣ Never disclose how much Bitcoin you have. Avoid bragging about your Bitcoin.

2⃣ Use light KYC or tiered-KYC exchanges. Consider learning more advanced peer-to-peer purchases for no-KYC Bitcoin.

3⃣ Use good wallets. By good wallets I mean wallets that automatically generate a new address every time, and also allow you to label your transactions.

4⃣ Related to item 3. Every time you buy Bitcoin, label your transactions regarding the origin of the Bitcoin. You'll need this information later, if you choose to learn more advanced utxo management.

5⃣ Consider using the lightning network. Because the lightning network is private by default.

There you have it.

The most important steps you can take as a beginner to protect your privacy.

Simple explanation of Bitcoin UTXOs – and why they matter.

A UTXO is Bitcoin transaction output. That is, any number of sats that you receive from a transaction.

Think of it as your Bitcoin balance for a transaction: the amount of sats that were sent minus the transaction fee.

🔸You receive 0.01 Bitcoin in a transaction, that's one UTXO.

🔸You receive 0.0042 Bitcoin in a transaction, that's one UTXO.

🔸You receive 1.25 Bitcoin in a transaction, that's one UTXO.

As you can see, you get one UTXO regardless of Bitcoin amount.

The problem arises you get UTXOs that are too small.

Because blockchain fees fluctuate all the time 📈📉

In a high-fee scenario, your small UTXOs may become unspendable.

Let's say you want to transfer 0.001 Bitcoin, approx. $70.

On the day you want to transfer, the fee is 0.0005 Bitcoin, approx. $35.

You see, the high fee would eat up half the amount you want to transfer. Probably not worth it.

In certain scenarios, the fee may be even greater than the intended transfer amount.

Takeaway:

Every now and again, when fees are low, it's healthy to consolidate your small UTXOs into a big one.

Here's an overview of all the ways to store your Bitcoin, along with a brief explanation of each.

Ordered from easy to less easy/ more difficult.

1⃣ Leave your Bitcoin with an exchange.

Self-explanatory. The exchange holds the keys to your Bitcoin, no work on your part.

2⃣ Paper wallet.

A paper wallet is simply a piece of paper with your private keys printed on. In the form of QR codes or plain characters.

3⃣ Software wallet, aka hot wallet.

A software wallet is an app on your home computer or phone. The app holds your private keys.

4⃣ Hardware wallet, aka cold wallet.

A hardware wallet is a device, dedicated to holding your Bitcoin keys. Similar to a usb stick.

5⃣ Multisig.

Multisig is a storage method whereby more than one signature is needed to move your Bitcoin. Usually 2/3 signatures. One key is held by a trusted 3rd party.

Takeway:

As with everything in life, there are tradeoffs.

The best way to store your Bitcoin depends on the amount you have, the necessary level of security, the level of sovereignty you'd like, the amount of responsibility you're willing to take.

The best arrangement for each person can be a combination of two or more of the above methods.

Bitcoin is great power 👊

So remember Uncle Ben's words:

" With great power, comes great responsibility. "

Ride the rocket 🚀

What is the #1 problem that #Bitcoin solves ?

📉 Loss of purchasing power aka inflation.

The cumulative inflation rate in the US was 22% in the past 5 years.

This applies to any country, because the situation is similar in the whole world.

Something that cost $1, now costs $1.22.

In only 5 years.

Your dollar now buys less food, less clothes, less gas.

#Bitcoin - The simplest mathematical decision on earth.

"Bitcoin is the renaissance of responsibility"

"Bitcoin is insurance against human ignorance. It is a long-term store of value that will improve over time and that we could leave to future generations."

- Trace Mayer

Nearly 94% of all #bitcoin that can ever exist have already been mined ⛏️

One 🟠 stands for 100.000 #BTC

🇧🇷META TOLD JUDGE MORAES THE LOCATION OF A BRAZILIAN JOURNALIST

After he ordered them to provide the location data from 3 of Oswaldo Eustáquio’s Instagram accounts, Meta complied, revealing he was in Spain.

The pro-Bolsonaro journalist had fled Brazil after Moraes issued an arrest warrant for him, alleging his posts had incited anti-democratic uprisings.

Oswaldo has requested asylum in Spain, claiming the Brazilian authorities are persecuting him.

-- Metropoles

"A diferença entre os seres humanos e os animais é que os animais nunca permitiriam que um estúpido lidere a manada."

-- Winston Churchill

o povo eternamente fazendo papel de trouxa para o governo saqueador.

#btc is not crypto.

WHATSAPP DATA ACCESSED BY GOVERNMENTS?!

An internal WhatsApp report revealed a vulnerability allowing governments to track who users messaged, despite end-to-end encryption.

Meta engineers warned this could be used for things like Israel's AI system, Lavender, to target individuals in Gaza.

The vulnerability relied on "traffic analysis," a technique monitoring internet traffic to infer who communicated with whom and when.

Engineers stated, "Our at-risk users need robust and viable protections against traffic analysis."

Meta claimed the issue was theoretical, but internal concerns suggested active exploitation.

-- The Intercept