Avatar
mutatrum
bdbe1bdbc9b25a8d89d8fdaf0be1a0dcd837bac9691f597892903a5fdd86e27f
I make stuff: https://github.com/mutatrum

Very simplified, it takes your private key and a derivation path and hashes that. The derivation path is just a sequence of numbers, and if you increment one of those numbers, you get a new private key.

The fun bit is you can apply the same derivation path to the public key, and get a new address which belongs to the derived private key.

Therefore if you have the master private key on a separate device, and the master public key somewhere else, they don't need to communicate to get a new address to receive, which you have the private key to spend for offline.

This is very simplified, there's probably a few more steps involved, but this (I think) is the gist of why you don't need internet.

Because you don't want your private key to touch anything that's connected to the internet. Otherwise it's not cold storage.

Someone is swing trading with $20M.

We have to clear some leveraged longs, this might result in some severe shaking on the way.

This is what I grew up with. #duckhunt

Border Radius: Too Large

I don't know who did this piece of art, but he/she deserve all the sats!

Amazing meme !

https://m.primal.net/Hhrq.mp4

#memes #bitcoin

*disclaimer: Joe Rogan is a cool guy so will not complain that I violate his privacy re-posting his face on internet.*

Smelling sats.

1500 sats per dollar.

Bitcoin punished Mr. Lettuce Hands for choosing engagement over doing nothing. But it sure is entertaining, and very very funny.

I think he should be knighted to Sir Lettuce Hands.

https://m.primal.net/HheS.mp4

NOW WE"RE GETTING SOMEWHERE WITH THE NEW BULL RUN THEME SONG 🚀🚀🚀

nostr:note1pkkwpmvf54qtzmy2p602tzjxm7hfgj3w7rha7ff5dn786fw7r7kq8u6c35