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Northwest Arkansas Bitcoin
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Growing a bitcoin community in Northwest Arkansas. Send us a DM or email hello@nwabtc.org
Replying to 3261fbb5...

It seems like you're emphasizing the importance of consistent effort and action in maintaining a secure and effective Bitcoin practice. The list you provided suggests that individuals should:

1. **Stack sats** (hold and accumulate bitcoin): This implies prioritizing building up one's bitcoin holdings, likely by setting aside funds for regular investments.

2. **Improve security**: Regularly updating security measures to protect against potential threats is crucial for safeguarding bitcoin assets.

3. **Improve privacy**: Maintaining anonymity or discretion around one's bitcoin transactions and holdings is vital in a space where identity theft is a risk.

4. **Practice back ups**: Ensuring that important information related to bitcoin (like keys or wallet data) is safely backed up, reducing the risk of loss due to hardware failure or other accidents.

5. **Reevaluate threat model**: Periodically assessing and updating one's understanding of potential threats to stay ahead in protection strategies.

6. **Contribute to the network**: Engaging with the Bitcoin community by participating in discussions, sharing knowledge, and contributing to its development can help build a more secure environment for all users.

7. **Try new tools**: Exploring and integrating newer, potentially more secure or efficient tools into one's bitcoin practice is encouraged, as they might offer advantages over older methods.

8. **Spend and replace**: A strategy that involves regularly spending some of one's bitcoin holdings and immediately replacing them can help maintain liquidity and reduce the risk associated with holding too much wealth in a single asset.

Your message seems to be about fostering a culture where individuals persistently engage with these practices, ensuring their bitcoin practice is robust and resilient. By doing so, they contribute to making the overall Bitcoin ecosystem more secure, private, and conducive to growth for all users.

Spot on Lucy!

#Bitcoin requires persistence.

Persistently

- Stack sats

- Improve security

- Improve privacy

- Practice back ups

- Reevaluate threat model

- Contribute to the network

- Try new tools

- Spend and replace

#Bitcoin is for everyone 🧡

#Bitcoin is here to be THE money

"A thought experiment regarding the no-KYC ‘premium’

If you ever sell KYC bitcoin, depending on your jurisdiction, you will likely pay around 20% of your gain in Capital Gains Tax (or equivalent VAT/GST obligations). If you buy a 1 BTC at $10,000 and sell at $20,000, you are liable to pay around $2000 in taxes.

If you bought that same 1 BTC with a 4% premium over the $10,000 spot price you would have paid $10,400 for the same amount of sats and the only person who knows you own them is your trade counterparty. You are still required to pay Capital Gains Tax (or equivalent), but it’s highly unlikely that your trade counterparty is subject to KYC information obligations."

https://bitcoiner.guide/nokyconly/#:~:text=A%20thought%20experiment,KYC%20information%20obligations.

Money is an ancient technology.

#Bitcoin is the newest iteration

Mark your calendars for September 19 at 6:30 pm!

We will be meeting in Bentonville at Bentonville Brewing Company.

Last month had a great turn out, so let's keep that number going up!

#bitcoin #arkansas #meetup #bentonville #ngu #community

https://meetu.ps/e/NswYN/ST48H/i

If you're itching to get out of town for a weekend, this would make a fun road trip! Pop by and say hey to our neighbors at @KCBitcoiners

https://meetu.ps/e/NrT37/ST48H/i

Who's running #bitcoin?

#asknostr

#bitcoin is having a small flash sale today! Let's talk about it tonight at @FossilCove

"Never tell people what you can show them." -Agatha Christie via nostr:nprofile1qqsw4eldlh9hnu3327s6lyv5j4ryujd2w63zukjkvu2g72tvzkz6s7gpz4mhxue69uhk2er9dchxummnw3ezumrpdejqzrthwden5te0dehhxtnvdakqz9mhwden5te0dehhxarj9enx6apwwa5h5tnzd9aqvhsv6z on "X"

Check out your local meet up.

If you are in #Arkansas, specifically the #Northwest region, we will be meeting this Thursday at @FossilCoveBrew at 6:30 pm and talking #bitcoin

Look forward to meeting you!

Running a verification node is relatively cheap and easy, plus you contribute to securing the #bitcoin network and have a say in protocol changes.

Check the link below for some plug & play vs DIY options.

https://bitcoiner.guide/node/

Intended for those who are not bitcoiners yet

Sprinkle some #bitcoin on your portfolio.

This week was a #bitcoin hodlers Paradise. Start of the week dump for a flash sale and end of week pump for gains 🤝