Subnostr

BitcoinFI

4d1963c2574215c355ed2357af85b2a2a870ab0d883ab297134764af40d478b8

Host of the Bitcoin and Financial Independence Podcast #OPA: BitcoinFI@nostr.theorangepillapp.com

https://www.podpage.com/bitcoin-and-financial-independence/

I personally like Start9 because it's a solid foundation, built to be censorship resistant (allows for alternative app marketplaces) and has all the tools you need for both bitcoin/data sovereignty. Umbrel is user friendly at the expense of infrastructure security tradeoffs. Futurebit (though I've not tried it yet) is more of a home-mining focus with less options when it comes to additional apps (like lightning, etc)

BitcoinFI 2y ago

For start 9 I need a 220V plug right? So I’d need an electrician to install a new one of those for me somewhere. That might be a hang up for a bit

I personally like Start9 because it's a solid foundation, built to be censorship resistant (allows for alternative app marketplaces) and has all the tools you need for both bitcoin/data sovereignty. Umbrel is user friendly at the expense of infrastructure security tradeoffs. Futurebit (though I've not tried it yet) is more of a home-mining focus with less options when it comes to additional apps (like lightning, etc)

BitcoinFI 2y ago

Okay, I think I’m sold on the start 9 and will watch your tutorial.

Sounds like I can run a core node and lightning node with it correct? That’s what I want to do (plus sovereign computing)

As far as mining, what’s the most cost effective option? Bitfuture, compass, river. Hosted or not? I need a guide. Bitfuture appealed to me because it’s not that expensive or loud

BitcoinFI 2y ago

Man that guy is a joke

Now that the Fed will lend cash for treasuries at par, there will be a lot more buying of treasuries.

This is why yields are going down.

BitcoinFI 2y ago

Thanks for making it so simple to understand

Tomer Strolight

I haven’t zapped anyone or been zapped by anyone in about a week. Getting frisky.

BitcoinFI 2y ago

Prove it haha

✅Non-KYC corn from HodlHodl & work

✅Coinjoin with Sparrow Wallet

✅Secure stack with Coldcard

✅Multisig with Nunchuk

✅Verify with Start9 Embassy

❌Bank runs

Here's a step-by-step video tutorial flow on how to do each of these things and become bank-run-proof. Follow along and level up!

Firstly, you need to get set up with a solid wallet with all the great features a Bitcoiner might need. I'm a big fan of Sparrow Wallet on desktop because of its versatility. To simplify, you can start off with the initial section on hot wallets.

https://youtu.be/qJ_SpQX_YKw

Verify transactions yourself by connecting to your own node. Start9 is an awesome option that will give you a lot of other sovereignty tools as well. Follow the build, or skip ahead if you bought pre-assembled. Wallet connections at 50:26

https://youtu.be/DKBJ3_3ZomU

It's great to EARN BTC through a good or service you offer. Doing so puts you ahead of the pack! If you're still fiat mining, then stacking non-KYC is 👌👌👌

Here's a walkthrough of using HodlHodl - just send to the Sparrow Wallet you set up!

https://youtu.be/FmyYxrZM3Ms

Whenever you receive BTC it's a good idea to coinjoin and maintain forward-facing privacy. You can do this directly in Sparrow Wallet with their built in whirlpool. Full tutorial here:

https://youtu.be/6TcUY2yU41w

Some of you will want to store your stack in a single-sig hardware option. This Coldcard tutorial goes DEEP, but you can stick with the opening 45 mins for basics. BONUS: Mix directly from Sparrow to CC (instructions in previous vid at 31:17)

https://youtu.be/FAYmE5-40PQ

Those looking for more robust security with multisig & inheritance can dive into Nunchuk. Full tutorial here. Fun fact: you can save your BSMS backup file and import it to Sparrow Wallet so you can still mix directly to it!

https://youtu.be/kizqvBY4zPE

Well, there you have it. Even if you only do the first step of getting a wallet & stacking some corn, you're STILL bank-run proof! That said, I'd encourage you to chip away at as much of the above as your curiosity will allow.

Stay safe, stay curious, stay sovereign.

🧵 ~fin

BitcoinFI 2y ago

Can you help me decide between an umbrel node, start9 and futurebit?

BitcoinFI 2y ago

Probably my best pod on #Bitcoin.

Let me know what you think:

https://www.podpage.com/bitcoin-and-financial-independence/34-utility-of-bitcoin-sound-money-and-deflationary-currency/

₿🪙§§Ro⚡️⚡️child ∞/21M

Umbrel is an OS and you have to buy the components to build the mini PC (board, case, hard drive), and install the OS. It's not complicated.

BitcoinFI 2y ago

Thanks for the clarification

₿🪙§§Ro⚡️⚡️child ∞/21M

I use umbrel on raspberry pi. I can get you some sources when I get home later if I remember. Otherwise DM me.

BitcoinFI 2y ago

I really don’t want to build my own computer. I am somewhat technical but buying an umbrel seems to work well and come as a package right? Have definitely considered them, but also looking into start9 and bitfuture

₿🪙§§Ro⚡️⚡️child ∞/21M

There is really not much excuse for why you should not be running your own Bitcoin/ lightning node and a Nostr relay. It's inexpensive, fun, easy and a great learning experience.

I highly encourage everyone to do it.

BitcoinFI 2y ago

Source? Guide? What do you think of bitfuture?

BitcoinFI 2y ago

Why you should care about #Bitcoin

https://www.podpage.com/bitcoin-and-financial-independence/27-why-you-should-care-about-bitcoin/

BitcoinFI 2y ago

The beginners journey into Bitcoin often starts with other cryptocurrencies and is rife with fraud and rugs.

Here’s part 2 of my beginners journey podcast: https://www.podpage.com/bitcoin-and-financial-independence/the-beginners-journey-with-michael-weymans-part-2/

BitcoinFI 2y ago

Has anyone bought a hosted miner?

Compass, river, etc all offer this I believe and I want to hear how it went

BitcoinFI 2y ago

The beginners journey into #Bitcoin can be tough. Here’s a bit in what needs to be overcome:

https://www.podpage.com/bitcoin-and-financial-independence/the-beginners-journey-with-michael-weymans-part-1/

At this rate my entire iPhone is just going to be full of nothing but #Bitcoin, #Lightning & #Nostr apps…

Looks like I’ve got around 36 right now 😂

BitcoinFI 2y ago

List please

BitcoinFI 2y ago

Of course!

BitcoinFI 2y ago

Finished a nice 2 meal fast (skipped breakfast and lunch)

Roughly 20 hour fast, usually try to do 24 but had a friends birthday party the night before so we ate later.

Always has me appreciating food more and I use the hunger pangs as a prompt to think how I can help others

BitcoinFI 2y ago

Might need to revisit this soon:

https://www.podpage.com/bitcoin-and-financial-independence/how-to-get-free-bitcoin/

BitcoinFI 2y ago

Quick pod today:

https://www.podpage.com/bitcoin-and-financial-independence/63-bitcoin-automates-central-banks/

Was looking for something on the Fold site, and had to do a double take. If this is right Fold has paid out 271 BTC in rewards... and I'm 0.2 BTC of that 🔥😆

-- on that note is Fold on #Nostr yet?

BitcoinFI 2y ago

I love fold

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