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m2carbine
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Pleb Miner Maxi Class of 2017 Taxation is theft.

#Bitcoin is redefining global finance by offering a decentralized, digital alternative to traditional systems; eliminating inefficiencies and creating new opportunities for individuals and institutions alike.

#BTC empowers people to control their wealth directly, without relying on banks, governments, or central authorities.

Its decentralized nature ensures transactions are completed even in the most restrictive financial environments, making it accessible to anyone with an internet connection.

Both scarce and globally accessible, #Bitcoin embodies digital gold.

Though this metaphor undersells its precision-engineered monetary perfection.

With its fixed supply and predictable issuance, #BTC is a valuable reserve asset for any long-term financial strategy.

As trust erodes in traditional systems, #Bitcoin offers a trustless alternative; one that doesn’t require blind faith in central entities, especially when that trust has been repeatedly abused.

While critics may call #BTC slow, it’s far faster than traditional systems for cross-border payments.

Sending value across the world is as seamless as sending it next door, eliminating friction in global financial transactions.

Regulatory uncertainty has hindered innovation on top of #Bitcoin, but clearer regulations and broader acceptance could unleash a new wave of tools, enabling individuals to use their holdings more efficiently within a hybrid financial system.

#BTC stands apart because its monetary policy is governed by code, not political agendas.

It cannot be weaponized against you, making it the ultimate wealth preservation asset in uncertain times.

Its energy usage often draws criticism, but #Bitcoin turns otherwise wasted or stranded energy into economic value.

Moreover, it incentivizes the adoption of renewable energy sources; a shift that deserves far more credit than it receives.

#BTC challenges the status quo.

In a world of uncertainty, stacking sats is a way to take control of your financial future.

TLDR 😜

Replying to Avatar Obiwan Satoshi

Block request nostr:npub1qhe6zzhf3djq3jc9dawgr6kyp9fy5dxkssknm93669nqqcj0jm5sn3xuec

Explain UTXOs like you’re speaking to a 7 year old

Bounty:

12,000 sats if you accept by reposting this

21,000 sat zap when it’s posted

12,000 sat bonus if the 7 year old understands

#nostr #bitcoin #blocktalk

Imagine you have a bunch of different sized Lego blocks, and each block represents a certain amount of Bitcoin.

When you get some Bitcoin, it's like getting a new Lego block. But, when you want to send some Bitcoin to someone else, you need to use the Lego blocks you already have.

Let's say you want to send 10 Bitcoins to your friend, but you only have a 5-Bitcoin Lego block and a 7-Bitcoin Lego block. You can't just cut the blocks in half, so you need to use the whole 5-Bitcoin block and part of the 7-Bitcoin block.

When you do this, the 5-Bitcoin block gets used up completely, and the 7-Bitcoin block gets broken into two smaller blocks: one that's 3 Bitcoins (which you keep) and one that's 4 Bitcoins (which you send to your friend, along with the 5-Bitcoin block and 1 Bitcoin from another source to make the total of 10 Bitcoins).

The new blocks that get created when you break the bigger blocks into smaller ones are called "UTXOs" (Unspent Transaction Outputs). They're like the new, smaller Lego blocks that you can use to build something new.

So, UTXOs are just the small, leftover blocks of Bitcoin that you can use to make new transactions. Make sense?