Not sure. Just noticed the price was going volatile on Binance widget.

Then went to make some buys on FOLD and say the arbitrage. 🫠🫠

How desperate is Binance for Bitcoin with that arbitrage?

Some interesting arbitrage going on between Prime Trust and Binance.US right now.

Bitcoiners are the best people. Someone DMed me on telegram asking technical questions about copying my new node. So I answered them because that is more exciting than my day job. Then, unprovoked, after they had all the answers they were after, they asked for a 10k sat lightning invoice.

TLDR, I've got 10k sats for the next bitcoiner who helps me with a technical issue.

You could technically do 2 of 3 multisig using just one hardware wallet and one hot wallet.

Use the hardware wallet to generate the first seed, copy that seed onto paper or metal, then delete it. Then use the hardware wallet to create another seed, and leave that one on the wallet. Then use your third hot wallet provider and you’re good to go.

You could sign transactions with your hot wallet and your hardware wallet as 2 of the 3 keys, but if something happened to one, you would still have the third key which the hardware wallet also generated as backup.

I’m not a big multisig fan in general, and I think one hardware wallet with multiple secure seed backups in geographically dispersed locations is good enough for 99.9% of people. 2 of 3 is still much better than 2 of 2 because with 2 of 2, if you lose one key or have one key destroyed, you’re done. You’ve just lost all your coins. That risk is very serious and decently likely to occur for most people, irregardless of their technical abilities.

Don't you need another trusted party for a total of 4? Then you would have 2 backups of each seed, only 1 at each location.

This 100%. More #bitcoin lost than stolen by a mile. 2 of 2 increases your chances of losing your bitcoin. 2 of 3 reduces your chances of losing while also providing protection against kidnapping or stolen devices.

Yes. It should work with any software wallet which supports your seed phrase (most probably support the BIP-39 seed you’ll likely have generated)

I personally would also recommend 2 of 3 multisig, as you wouldn’t even have to worry about this potential issue. 2 of 2 just seems like having to keep track of double the seeds and double the hardware wallets, for very marginal security benefits.

Remember, you’re much more likely to lose your own keys then you are to have them stolen or hacked.

Right? What in the living hell

Just for funzies… whats yal price prediction for #bitcoin by end of 2024?

#btc #bitcoin

GM

So, who's getting sued today?

🍿🍿🍿

Nostr. Looks fun. What should I do first?

Maybe not a common opinion but I think gensler is pro-bitcoin (or non-hostile at the very least). He has stated that bitcoin is a commodity under cftc jurisdiction and not a security.

Tick tock next block.

🙏🏽🙏🏽🙏🏽🙏🏽🙏🏽🙏🏽🙏🏽🙏🏽

Testing\nNewlines \n here \r

Hello everyone!! This is my new NOSTR account 🥳

#[1]​ any way to make NIP-05 fitted into one line? 😇

the complaint I see most often about #Nostr is that the content isn’t compelling enough.

that’s not necessarily a #Nostr protocol problem, the burden of content creation is on us, the users.

if that is our largest problem things are going very well 🤙

what is the greatest problem facing the protocol?