Focusing on self custody skills and personal responsibility. Attempting to dissect the “macro” climate seems like mission impossible.
Work, produce something valuable, save more than you spend and save in Bitcoin.
Patience. Resiliency.
Math/physics will beat a system based on fragile humans
Working on my wallet and security skill. #[0] BlueWallet working well smooth interface. Noob questions: the SD cards are easily lost, OK to keep it in the device? It only has the Seedsigner software on it, correct? I’m deleting seeds/QR codes from device after using.
Saying that bitcoin transactions are “irreversible” is not exactly accurate in practice. It is like cash. I buy a good or service from a business/person. They have my cash/bitcoin. Product/service is “less than promised” Presumably they care about their customers/reputation/long term business….I ask for my cash/bitcoin back. Transaction “reversed”. We did this with physical cash or gold for centuries. Some trust in the human you are exchanging with is always required.
Flexing “I was in early”…. Nostr pleb since block 768510
At a bar killing an hour. Dude asks b-tender “do you take Apple Pay?” No unfortunately. He’s stuck. I randomly suggest he gives me bitcoin. I’ll give him cash. It works. I’ve got more SATs. He trades the cuck-bucks for a draft beer everyone’s happy. I could see this working out in the future that bitcoiners with fiat liquidity act as currency exchangers.
💯 … the asymmetrical information gap between those (like yourself) who “see it” and those who don’t yet “see it” is the key. You are early, it just doesn’t seem like it. Adoption appears crazy slow once your orange pilled. Channel @ODELL stay humble stack sats
✅main risk is individuals loosing access to their UTXOs and privKeys✅combat this risk with spending time/energy on your self custody skills, including practicing your backup/sweeping skills ✅even old guys can do it 👴
Worked through this (MUUN Wallet recovery) again - some tips:
✅kit is safe stored digitally
✅store code (=muun “seed”) offline
✅run muun recovery tool in terminal
✅kit decrypts your private keys which allows you to sign 2/2 transactions WITHOUT MUUN
✅remember: wallets are an interfaces to find your addresses that have UTXOs and spend those coins
✅practice brings confidence - reducing fear
✅personal responsibility
System is broken. Feeling for you and family.
I wouldn’t say simple, but running through it is the way to gain confidence. 👊
Yes, it can be ntimidating. Good practice habits are to run through your back-up / sweep plan with a small amount of sats. Delete MUUN, use the “emergency kit” to set up 2/2 on Blue wallet…..
Blue watch-only is 🔥as well. Keys r cold.
Taproot:
Tweak/hide pubkeys by using Schnorr
+
Multiple conditions only reveal one, via merkle tree hashing = MAST
Privacy ⬆️
Fungibility ⬆️
Nostr pleb since block 768510
Signif inflation erodes trust. Not just trust in govt or economy, but btw regular market participants➡️You feel it with every exchange: shrinking size and quality of goods leads to feeling like you didn’t get what you paid for➡️Distrust of everyone you exchange with. Fix the money. #Bitcoin