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Bitcoin Education

Welcome to Nostrrr :-)

FreeTube was getting blocked heavily by YouTube. I couldn't usevit for a while, but thry've made updates which allows me to watch it again :-)

I think the difference is that when it's send from exchange to exchange, the sender's name, home address, date of birth, passport number, exchange account, among otherd must be send along with the transaction.

You also can't send to a self-custodial wallet,

There are more rules and exceptions.

This is the second time this episode is recommended. I'm going to listen to this episode.

Replying to Avatar Gigi

Procrastination. We can fool ourselves really well.

Can anyone bring Trace Mayer to Nostr?

Hey Emma, I love that you're going to take the challenge to pique their curiosity about Bitcoin. I have a few questions that could be interesting to them.

Ask them where the money on your bank account is stored (centralized, 1 point of failure). Then show a Bitcoin wallet with some sats, preferably on a screen/monitor... E.g. Sparrow wallet or Coinos wallet with a self-custody wallet (coinos.io) wallet for a simpler UI Ask them where those Bitcoin are stored. They probably think it's inside the wallet, while it's on the Bitcoin blockchain. It's fun to show that this is stored on a huge amount of computers worldwide and every computer has a copy of who owns what.

Ask them how can you get a bank account? (You can't create a bank account) Ask permission and give a lot of personal details. Then ask how to create a Bitcoin wallet. They probably think you create an account somewhere (permission wise) through a middleman. Explain them that you can do it without internet, without a bank, without permission, even with rolling dice. Explain that all your Bitcoin are accessible by a very very big number. To use this number

Ask them who has access to your bank account and what can they do? They can freeze your account. Then ask them what can you do when you have lost your phone with a Bitcoin wallet on it. This is a self-custody wallet. You can restore it with your backup. Show a demo.

Ask them if you can send money to an email address? You can with a lightning address. Give a demo on screen with coinos.io. You can register for free and access your Bitcoin/Lightning wallet in your browser. You automatically get a lightning address. Send money to your lightning address for the WOW effect.

Ask them if you can give someone money digitally with a qrcode and show a demo with Lightning via https://tipcards.io. Send some sats to there with a fun custom message and receive it via Coinos.io.

The Bitcoin Standard and The Daily Stoic.

Replying to Avatar smoak

Then why is nostr:npub17u5dneh8qjp43ecfxr6u5e9sjamsmxyuekrg2nlxrrk6nj9rsyrqywt4tp talking about quantum computers being the next big threat to #bitcoin that needs serious thought now and not in 5-10 years?

https://optoutpod.com/episodes/bitcoin-and-ossification-jameson-lopp/

If it would be possible at some point, Bitcoin can be secured by upgrading the hashing algorithm.