Is there currently a discussion going on about the witness discount as well, since it seems quite related to this whole saga?
There are enough people who wish Facebook/Instagram would still actually show them their friends' posts instead of whatever shit the algorithm is pumping out.
If you just create a solution like that on top of Nostr, people don't care what is happening in the back...
That's actually pretty funny. They should probably also do that for their normal savings account then 😅
The explanation about what a spread is, is also ridiculous
I just doubled some spare change on $CEP the soon to be $XXI
And bought some real BTC
Have a nice Weekend!
#MegaZap
nostr:npub1e85mms9s8ssm6vm6ztw0tdrr6j0a4l5gf2sjhw2scxpwnexmaxuqcev9em 100000 https://blossom.primal.net/a68aba20377d502838ceb9b000e6f3d33651318785ef603f2255cf7f19d0464a.mp4
🤢 gross, but good on your for taking some liquidity into the good direction I guess 😂
I do think you're right...
But the nice thing is, it's just a semantic layer. I can just put my wallet's denomination in bits while you use sats on your invoice. 😄
Probably half of it, the other half of your winnings will be taxed 😂
No, there is a millibitcoin, 1 bitcoin > 1,000 millibitcoin > 1,000,000 bit
The problems with sats is that it doesn't follow steps in 1000's...
That's the reason things got a bit awkward.
Honestly, I'll get used to whatever is common, sats or bits, it's just like using a different currency when you travel, no big deal after a few days of getting used to it 🙂
We already have a bit, 100 sats is a bit, like cents to a dollar. With 1,000,000 bits in 1 bitcoin.
I like this denomination and it's already established, some wallets give you the option to display in bits.
Unit bias is an issue with Bitcoin. Newcomers often buy Dogecoin or other altcoins simply because they can own "a lot" of them, while the idea of ever owning a whole Bitcoin feels impossible. One proposed solution by nostr:npub13ndpm2hm9hud4azsq5euhf5mv3d05r90wymwxsd7rdn29609hhvqp60svh is to shift the language from 21 million bitcoins to 2.1 quadrillion bitcoins. Bitcoin is a great brand name and using satoshis or sats can be confusing. This would fix that too.
However, I feel this proposal would create confusion too, especially for those new to Bitcoin and for the media—because for 16 years, people have heard there are only 21 million bitcoins. Explaining that the total supply hasn’t changed, only the denomination, would be exhausting. Personally, I think calling them “sats” isn’t very intuitive, they should’ve been called “bits”, but at this point, I don’t really care.
¯\_(ツ)_/¯
I'm against shifting as well.
However I would prefer using 'bits' and sats more.
It is intuitive to have
1 BTC =1,000,000 bits
and
1 bit = 100 sats
That way it clicks a lot easier in my head when doing calculations back and forth. The only thing we need is wallets and apps giving the option to show bits... 🪙
I like to say "They live on in our mind from now on". In a bit more detailed way, explaining the beauty that is the image of someone or a pet, remaining inside the fabric of our brain after they die.
Living on within those neurons as long as we keep them there. Makes you also want to cherish those thoughts more.
Fake buzzbot
Playing around with Sparrow wallet helped me a lot to make it all click in my head. Also this tutorial by nostr:npub14uhkst639zvc2trx2nlsvk4yqkjp690zk89keytnzgmq2az0qmnq58ez89
Again, I don't know the implementation in BTCPay Server, which might give you a different interface 🙂
A 2-3 multisig needs 3 seeds (private keys), you can reuse the seed you used for singlesig, as one of the 3 seeds.
Your funds are seperate from eachother, because your singlesig generates a different public key (and thus addresses) than your multisig.
As an example, when you have a 2-3, with 3 seeds, A, B, C... You could switch one seed for another: A, B, D.
This now gives a totally different public key and addresses, so basically a different wallet, while A and B are reused. Note that this is just an example, not that it's smart to do this last example 😂
Stocks are dumping, bitcoin is ripping.
Let's test out nostr:npub1e85mms9s8ssm6vm6ztw0tdrr6j0a4l5gf2sjhw2scxpwnexmaxuqcev9em 100000
Spare your sats, there's no buzzbot notification, meaning the invoice was not paid
In that case, yes, you can use a singlesig that has utxo's on it as a signer for a multisig.
The reason I said rotate is because your example might've caused confusion or if you have multiple owners (which could be a reason for multisig) and those other owners also know this seed for example.
Just know that you get two different "wallet" instances (public keys)