Governments choking odd on and odd ramps or outright outlawing it

In your estimation, what is the biggest risk that still confronts #Bitcoin?

The trouble with being early to bitcoin - and now nostr - is we have to spend years watching everyone struggle with the problems both tools solve before they realize there are tools that fix those problems.

No

incredibly useful news feed ⬇️

#[0]

What content do you zap?

Is it a reaction that you have? Like it made you think, or laugh, or nod?

Is it appreciation of effort?

Is it insight that you wouldn't have otherwise had?

I wish I could poll this, but responses will have to do.

Nostr is very very cool…but…we’re a long way from normies wanting an unfiltered, decentralised social network which doesn’t have all their favourite famous peeps.

Bitcoiners will naturally have a love for Nostr because it fits with their worldview and understanding.

Like educating the benefits of Bitcoin, Nostr will have the same challenges. Zaps, nPubs etc… won’t mean much to most people.

For now it’s a super cool Bitcoin chat room.

I support and donate #Tor Project 👾🧡

Bitcoin Transaction Fees and UTXO Management

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- when bitcoin blocks are full, highest fee transactions are confirmed first

- your bitcoin wallet may show a single balance but the reality is that it is made of many different unspent transaction outputs (UTXOs)

- when you make a bitcoin transaction your wallet will select as many UTXOs as necessary to reach the amount of bitcoin you wish to send

- onchain transaction fees are calculated based on size in bytes not the amount of sats sent

- the more utxos required on the input side the higher the fee paid

- from a cost perspective you want to consolidate utxos, fewer utxos with larger amounts

- consolidation has privacy tradeoffs though: you link any UTXOs you consolidate as owned by the same person + larger UTXOs mean you will dox more of your stack to anyone you pay in the future

Therefore you want to reduce the number of UTXOs you have while being mindful of the privacy concerns.

Lightning Transaction fees are calculated differently: based on the amount in sats sent. Opening lightning channels when fees are low can enable you to save money in the future when fees rise. 🤙

Spoke at the first Bitcoin-only conference in Ukraine today with #[0]

10/10, would recommend

Hope to speak there in Kiev in person one day

Bitcoiners building resilient and future-thinking communities in war zones are the most based kind

Glory to Ukraine and thanks to #[1] and team at Bitcoin Mag for all they do to help the Bitcoin movement in Ukraine grow 🇺🇦