Satoshi wrote this quote in late 2010, when Bitcoin Core already existed, as it was released just days after Bitcoin's launch.
Yes, Bitcoin Core has always been a wallet, but it did not automatically suggest fees back then.
The thread actually discusses the block size threshold. Satoshi suggests that automatically suggested fees in Bitcoin Core or other wallet software could be a way to let market dynamics decide how transactions are prioritized in the future.
You can find the thread here: https://bitcointalk.org/index.php?topic=994.msg12237#msg12237
Trying to average out his corn, man ends up buying majority, becoming Chairman of bitcoin
In the beginning, there was no wallet software that automatically determined the best fees. Instead, you had to manually specify a fee without knowing whether you needed it at all, since the blocks were mostly empty anyway.
Banks rn trying to come up with liquidity from their befriended banks just to hear that all of them are waiting for the printerrr
And there are still people who believe in fiat money and fractional reserve banking…
e7eaa8fcfe54da54015182e34569245e4e6bedf1f31524840214e876ee620062
In regions where the internet is slow or unstable, using Bitcoin’s Lightning Network with self-custodial wallets can be a challenge.
That's why I did a review of the best Bitcoin Lightning wallets in rural #Zimbabwe for @BitcoinMagazine
I hear and read statements saying that newbies need convenient, easy-to-use tools, otherwise they would be overwhelmed and won’t use Bitcoin. I think this is wrong.
People who are being onboarded onto custodial services are harder to convince to step up their game toward financial sovereignty and start using non-custodial tools. There is a big resistance to change habits.
If a person starts using a custodial wallet, they very, very often believe that they are using Bitcoin already. They will tell you that they never faced any problems and that they, therefore, don’t see a need to change their setup.
As a Bitcoin educator, it is my first duty to teach people about self custody, why it is important and to make them aware of the risks they are taking. They need to understand the difference between custodial and non-custodial services.
Only then do I present different tools and make them familiar with the pros and cons of each one. Afterwards, they need to decide for themselves which route they want to take.
That is the only way that people won’t consider me responsible for any losses they might incur and it’s the only way that they will understand that Bitcoin is all about ownership.
I was unsure, though, if Phoenix or Breez would work in a setting with bad internet connectivity. That’s why I set out to do a test in the area of Great Zimbabwe, about 300 kilometers south of the Zimbabwean capital of Harare.
In my review I included @Machankura8333 @MuunWallet @WalletofSatoshi @Breez_tech @ZeusLN @BlueWalletio @PhoenixWallet @ln_zap
I tested @Breez_tech, @ZeusLN and @BlueWalletio on an iPhone and @PhoenixWallet and @ln_zap on an Android device.
For the results please read my article 👇🏻
https://bitcoinmagazine.com/culture/top-bitcoin-lightning-wallets-in-slow-internet
Also see her post regarding the article on nostr: #[2]
If you want to learn about the actual practical use of LN wallet apps, you should definitely read this great article by #[0] that gives a perfect overview of the most recommended services!
https://bitcoinmagazine.com/culture/top-bitcoin-lightning-wallets-in-slow-internet
First zap by #[1] ⚡️🥳
I was about to zap you, haha. Just funded WoS.
Just for zapping I gave up and installed Wallet of Satoshi. Still not liking this, but also still not owning a node for Zeus.
🔔 🔔 NEW OP_RETURN 🔔 🔔
npub1fsew6f5h9kddwl7lrss05w7cnsm2ap4lmeqvalvdjzx5szj7et5qsmjmsx
https://mempool.space/tx/f9450ca30ad59a4ac58f65e460d73f898d91e99d74fa9994bc1f342ef206ef65
#[0] I see what you did there 😂🧡 Followed!
#[1]
Two hops took 556ms for finality on lightning ⚡️ There is no second best!
The first #pleb who sends me an invoice for 210 sats gets it paid 🤙
lnbc1u1p3lrzappp5eyhggllxexal7q9j9gj2aue2ym3vmsq3shn0yz9gcmr5zl5qxvdqdqhdehhxarjypcxcetzyp6xjuqcqpjsp52gyywtsxpssv6yzgc8tzkaeqcs6plhc2hh98xma6y03fu3fglzds9q7sqqqqqqqqqqqqqqqqqqqsqqqqqysgqmqz9gxqyjw5qrzjqwryaup9lh50kkranzgcdnn2fgvx390wgj5jd07rwr3vxeje0glclluqrxs4jx96ugqqqqlgqqqqqeqqjqmrhqz6e50fnzp2a92qelamgcpnh9u4wuwwn20vqsuh5w86kqmfg8eshxtrhmf694z3449tp48dzw2dvdkg6d4t2x348333sep8dpxqcqplcm4l
There are tools for this, for example https://ordimint.com/ by Lightrider. https://twitter.com/ordimint