P01 notes session 10.11.23
Hardware wallet review: Jade by Blockstream
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- Fully open source hardware and software. Gold standard that is rarely met in the HWW industry
- Affordable compared to alternative products. Uses commodity hardware
- Simple to use, great support, compatible with Blockstream Green, Sparrow, Nunchuk, Specter
- QR scan, BIP85, duress pin
- Fully air gapped. Enables sending bitcoin without connecting to the internet
- Immune to physical key extraction from device alone (virtual secure element with 3 secrets - Jade secret on device, pin, remote blind oracle)
- DIY-able (firmware can be installed on inexpensive, off the shelf hardware
- Can be used as a 2FA device
- Can mine bitcoin (cool but not profitable)
We chose to name our team after this Legend. Never forgotten, eternally grateful
https://nostrcheck.me/media/public/nostrcheck.me_8848547103865611881697035760.webp
P01 notes session 10.10.23
Report: The Lightning Network grew by 1212% in 2 years by nostr:npub1xkere5pd94672h8w8r77uf4ustcazhfujkqgqzcykrdzakm4zl4qeud0en
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The number of users, transactions and volume on lightning have been accelerating significantly over the past years
6.6 million routed Lightning txs in August 2023 (lower bound estimate)
1212% growth since the 503k tx estimate for August 2021
This growth was despite a 44% bitcoin price drop and 45% decrease in search interest
Avg Lightning tx size of 45k sats ($11.84) in Aug 2023
Lightning is extending Bitcoins utility by enabling low value payments over the internet
Est. ratio of 1:8 non-custodial to custodial Lightning users
173 companies in the Lightning industry across 28 categories
Lightning enables millions of people to trustlessly and instantly move money back and forth without having to settle each tx on the Bitcoin blockchain
It has been 7 years since the Lightning Network Whitepaper was published
There is no way to identify all private nodes on the Lightning network
An estimated 70-80% of Bitcoin users have their funds on exchanges today
21min
Pgs 1-10
"I am convinced that any attempt to restore harmony in the world can only rest on the renewal of personal responsibility" - Andrei Tarkovsky
Own hard money. Own your sovereignty.
Own the outcomes of your life.
#Bitcoin https://v.nostr.build/zgkZ.mov
nostr:note19r5c7dfvnchqxpez0vw4gxm5up5ex3mzfsl899qhn5rctt07c0ws0x2vxc
Bring back personal responsibility
strike now has a white-glove service for HNWIs, family offices, businesses and large institutions
strike is now one of the most licensed bitcoin companies in the world with top leading infrastructure we own and operate ourselves. not sure how known that is.
as the bear market has gone on, we’ve gotten more and more demand for these services. i’ve run this business line myself mostly, it’s a lot of fun. professional orange piller and sat slinger. no better job than that
https://jimmymow.medium.com/announcing-strike-private-e019a7eb43f2
We have some A+ seasoned sat slingers that would love to try out when you eventually expand the team 🤙🏼
P01 notes session 10.9
Report: #Bitcoin First Revisited by Fidelity Digital
Bitcoin is the only digotal asset that matters. It is fundamentally different than all other digital tokens in its security and decentralization
It is not vulnerable to innovative destruction from competitors
bitcoin the asset vs Bitcoin the network
Bitcoin is best understood as a monetary good
A monetary good is a good that is valued for its tradeability for other goods, not its consumption or use
Bitcoin is superior money to gold and fiat currency based on properties of durability, divisibility, fungibility, portability, verifiability, and scarcity
Bitcoin's value is driven by its enforceable scarcity of 21 million bitcoin
Unlike gold which is relatively scarce, bitcoin is provably finite
There will only ever be 21 million bitcoin
Two key characteristics underpin the scarcity of bitcoin: decentralization & censorship resistance
Bitcoin has promising potential to be the primary monetary good for humanity
The value of a network increases exponentially as the number of its users grow
Monetary network effects are extremely powerful
Bitcoin is the first and only truly scarce digital asset ever created
Any subsequent monetary good will be reinventing the wheel. The wheel can only be invented/discovered once
21 min
Pg 1-7
#finney21 #bitcoin
Gradually then SUDDENLY
#Bitcoin is portfolio insurance for suddenly moments
Our spidey senses smell suddenly
Brace for impact
Suffer well
It's gonna be way better in the new world
Any interest in sponsoring a team that hunts down unused hydro power in Quebec and monetizes it with hash?
The halving is programmed but not priced in
Act accordingly
Study & Buy #Bitcoin
Client 001, project 001
Draft letters for clients and contractors to communicate #bitcoin as new payment option and why it is preferred over digital fiat and cash
Price for work: 840,000 sats
Block: 811267
v1.0 website is now officially live
www.Finney21.com
A firm of 21 professional consultants
v1.0 of our specialty roster:
Health:
1. Musculoskeletal
2. Internal systems
3. Mental & emotional
Bitcoin:
4. Institutional
5. Small business
6. Personal self custody
7. Exchange
8. Software (wallets)
9. Software (coding)
10. Mining
11. Energy
12. Key management
13. Node
14. Lightning
15. Legal
16. Accounting
17. Admin
18. Relationships
19. Collateralized loans
20. Collaborative custody
21. Research
SATurdays are for studying #Bitcoin
WHY does Finney21 exist?
To accelerate the transition to scarce money (aka #Bitcoin)
Hello nostr
Running #Bitcoin