🤓🙏 
Back in the day, before #Bitcoin or the #USDollar, people used a system kinda like an IOU among family and friends. Think of it as a mental note, "I owe you one." This was super handy in small circles but just couldn't keep up when more folks got involved. It's like trying to remember everyone's coffee order without writing it down - bound to mess up!
https://youtu.be/jk_HWmmwiAs?si=opmad8RO221pEuqg
#Wbtm #[0]
The #Coldcard's by nostr:npub1wu4aye7ll0lnrrg638e90sehzsgpzx5t39t3mwl05aa0d0ap08esdz3vw0 password generator follows the #BIP85 standard, which allows you to create deterministic passwords from a master seed phrase.
By inputting a passphrase and a unique identifier, Coldcard generates a new password.
This method ensures that your passwords are consistent and secure across different platforms without needing to remember multiple passwords.
It's a handy feature for keeping your digital assets safe and accessible. #Coldcard #PasswordSecurity #BIP85
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#BIP44 standard, a common derivation path looks like this: m/44'/0'/0'/0/0.
• m is the master node.
• 44' is the BIP44 purpose.
• 0' is the coin type (0 for Bitcoin).
• 0' is the account number.
• The final 0/0 is for the change and address index. 
In #Bitcoin, a #derivationPath is like a roadmap that helps you navigate through different addresses in your wallet.
It's used to generate new addresses from a single seed (like a master key) without repeating them, keeping your transactions secure and organized.
Think of it as a way to keep your crypto life neat and safe, making sure each address is unique while still being easy to access.
#CryptoBasics #Bitcoin101 #StaySecure
#Bitcoin could totally change the game by taking control of money away from politicians.
Without the power to print money, they can’t fund wasteful projects or bailouts that benefit only a few.
With Bitcoin, there's more transparency and accountability since everything is on the blockchain.
Imagine a world where politicians are forced to be more responsible because they can’t just manipulate the currency for their own gain.
Sounds like a win for the people, right? #Bitcoin #Transparency #Accountability
The #BRICS nations—Brazil, Russia, India, China, and South Africa—are emerging economic powers that aim to challenge the dominance of the US dollar as the global reserve currency.
By collaborating, they could create a more balanced global economy.
But why stop there?
Shouldn’t the BRICS nations adopt Bitcoin?
It’s decentralized, reducing reliance on any one nation's currency, and offers a hedge against geopolitical risks.
This move could truly revolutionize global finance. 
But can you admit that today digital plays the most important role in the physical realm. Very physical process is more efficient and productive, orders of magnitude, because of software.
Back in the 80s, folks were all about hardware, kinda like how people obsess over gold today. They thought software, just bits and bytes, wasn't the real deal. Fast forward, and software runs the world. It's like #Bitcoin vs. #Gold. Don't sleep on the digital 'cause it's the future, just like software became. #DigitalGold #TechEvolution
https://youtu.be/W7ZioHq0rJM?si=Oe_LPk8fdFs7y1mS
#Wbtm
Printing money is like a time machine for value. When you work, you swap time for cash, right? So, #printingmoney feels like creating or stealing time. It's because when more cash floods in, like with the #USDollar, it dilutes the value of the time others traded. #TimeIsMoney #Economics Simplified
https://youtu.be/5S2KkUtknyg?si=SGyPia1pLvRzok_Y
#Wbtm #[0]
#Bitcoin beats #gold for several reasons: it's super easy to transact with, has a lower inflation rate, is way more portable, and costs almost nothing to store.
You can send Bitcoin across the globe in minutes, while gold is heavy and expensive to move.
Plus, Bitcoin's supply is capped, unlike gold.
It's the future of secure, hassle-free value! #BitcoinVsGold #DigitalGold
Restoring a #seedphrase with a passphrase adds an extra security layer, like a secret handshake. Without it, it's still secure but slightly easier for someone to access your #bitcoin.
https://youtu.be/l7Zie3eaYVw?si=c_Tz9yl2PvGO3EJO
#Wbtm
Imagine Wall Street as the big casino in town, where #Bitcoin ETF was the only hot game. Now, with #Ethereum ETF joining the party and more on the way, the fun spreads out. If Wall Street tries to play too rough and breaks something, they can't just point fingers at #Bitcoin anymore. It's like blaming the whole candy store for one spilled chocolate bar. #CryptoDiversity #WallStreetGames
https://youtu.be/aJykn_DcI1s?si=pf0HXF0ErAt0meBn
#Wbtm
Setting Up a Passphrase on #Coldcard:
- Access Settings: Power on your Coldcard and navigate to the settings menu.
- Enable Passphrase: Find the "Passphrase" option and enable it.
- Create Passphrase: Enter a unique passphrase that will be used to generate a new wallet.
- Confirm: Confirm your passphrase entry.
- Use with Wallet: Whenever accessing your wallet, you'll need to enter this passphrase for added security.
Keep your crypto extra safe! #CryptoSecurity #Coldcard
#Coldcard boasts security features like a secure element, anti-phishing words, and a Brick Me PIN.
Let's break down the secure element: It's a dedicated chip that safeguards your private keys from hacks and physical tampering.
This means even if someone gets hold of your Coldcard, your crypto remains safe.
Protect your assets with top-notch security! #CryptoSecurity #StaySafe
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Imagine building the ultimate money software, like #Bitcoin. It's like crafting a masterpiece, where each brush stroke becomes finer, aiming for perfection. Over time, changes should slow down, becoming rarer and more precise. This asymptotic evolution ensures stability and reliability, key for something as crucial as global money. Think of it as honing the perfect recipe, where eventually, you've got the best version of #DigitalGold. Stability in money, like in the #USDollar, breeds trust and longevity.
#Wbtm
Imagine your friend, Sam, who loves buying treats but only earns enough for the basics. Sam discovers a magical credit card that lets him buy now and pay later. This is like when governments spend more money than they have, called #DeficitSpending.
At first, it's great for Sam because he gets all the goodies without immediate consequences. Similarly, politicians love #DeficitSpending because it makes them popular by funding projects and giving out benefits without raising taxes.
But here's the catch: the magical credit card charges interest. Over time, Sam's debt grows so big that most of his earnings go just to cover the interest, not even the treats or basics. For countries, this growing debt from #DeficitSpending means more money spent on interest, less on important stuff like education or healthcare.
Politicians focus on short-term wins because they're often more concerned with the next election than the long-term health of the economy. Changing this habit is tough because immediate benefits are tempting, and the consequences of #DeficitSpending feel far away.
Just like Sam, countries find it hard to resist the allure of the magical credit card. But unlike Sam, they can't declare bankruptcy; they have to deal with the consequences eventually. That's why relying too much on #DeficitSpending is a risky game with the future.
#Wbtm #[0]
The real joy comes from giving because helping others brings genuine happiness and fulfillment.
Money matters because the more you have, the more you can give and make a bigger impact.
At #WBTM, we strive to give and share what we learn.
#Zap or #share to support us and spread the love! #GivingBack #SupportEachOther
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Banks don't stash much cash now because they've gone digital. Most money is just numbers online, not physical #USDollar in vaults. It's all about electronic transactions in today's #DigitalAge. Cash? More like a relic!
https://youtu.be/aroJlOw1Hzc?si=SiMyevViLht6otHd
#Wbtm