📖 Bitcoin Basics📖
bitcoin: Digital coins used for transactions
Bitcoin: The decentralized network
The term "bitcoin" is always used without an 's', even when referring to multiple tokens.
#bitcoin
🌍Bitcoin Around the World🌍
The #bitcoinfarmersmarket has become a hub for #Bitcoin enthusiasts to showcase their hard work, selling their time, effort, and intellect for #sats.
It is an example where Bitcoin enables communities to thrive on a hard monetary standard.
This effort represents a platform where local efforts are acknowledged and supported by global communities.
We will start seeing such efforts flourish all over the globe because it’s time has come and we all want to be a part of it. 
🌍Bitcoin Around the World🌍
Bitcoin Beach located in El Zonte, Wl Salvador hosts a very nice community driven farmers market bi-weekly.
Here is my experience visiting:
#bitcoin #ElSalvador #elzonte #bitcoinbeach https://video.nostr.build/859c31755fe82b47e4e7cb8b2d4ecc1afd71db81d434b5367eea3db8e4696004.mp4
🚨 Fraud Prevention 🚨
Legitimate wallets ask you to re-enter your seed phrase for set-up or recovery purposes only.
Beware of malware applications that ask for this information at other times.
Always check the latest updates from the source of your wallet provider for clarity… NEVER share your keys
Contact us for more information. Learn #bitcoin
🛡️Trust Through Verification🛡️
When it comes to backups or inheritance, robust, secure, and simple is what you need.
Complexity isn't sophistication.
That's where we come in to help you with the right way so your loved ones know how to access your #bitcoin when the time is right.
🛡️Trust Through Verification🛡️
Tip for #bitcoin inheritance planning:
Avoid storing inheritance notes on personal devices to enhance privacy and ease for heirs.
Keep everything organized and accessible separately, ensuring a smooth transition of your assets.
Make continuity of your legacy effortless.
true. having an old smart phone with electrum on it would be the best hardware wallet you can have.
an old laptop would work too 😉 haha. airgapped laptop with electrum on it. I wouldnt think its uncommon amongst OG bitcoiners...
🔐Privacy & Security🔐
You are more likely to lose your #bitcoin than have it stolen. Simplifying your backup is the solution.
- Avoid altcoins
- Date your backup sheet
- Note the model and make of devices used
- Organization & review backups every year
This routine reduces stress & keeps your bitcoin secure.
true. I use an old computer to do some airgapped work. and works great for me.
I never thought of that, very interesting. would it still work if the phones are different OS?
you have to define cheaper and see the pros and cons. of course they both achieve a high level of security, but working with electrum itself is very difficult for the average user.
"cheaper" relative to what? if you hold 100 dollars, then sure, but if you're holding 1+ coin, then nothing is more expensive than to not ensure 100% safety of your coins.
if you're comfortable with your method that's great. but I think the hardware wallet is designed for those who hold their coins with custodians like Coinbase, are not technical, are willing to buy more but wouldn't cuz they simply don't understand bitcoin.
we need to do all we can to get those damn coins off exchanges.
🚫Altcoin Fraud & Loss Prevention🚫
Trying to time the market?
Missing just a few of the best market days can drastically reduce long-term returns.
Accept that predicting the market is nearly impossible.
Long-term investing beats trying to time the ups and downs giving you time to focus on whats important: your life.
Don't lose your #bitcoin to greed; instead, spend them, enjoy them, and exchange them with those working hard to serve you and earn #btc.
🔐Privacy & Security🔐
Your hardware wallet doesn't store passphrases.
They're entered every time it's powered on/off.
Note your passphrase precisely - spaces, caps, numbers, characters all matter for access.
Let’s explore the potential of passphrases together. #bitcoin
Nostr will prevail. there is no reason for any other social media to control our data...
Unpopular opinion:
🚫Altcoin & Fraud Prevention🚫
Ethereum will lose its undeserved 2nd place to another speculative token, $SOL.
Many $ETH holders will recognize the shortcomings and join #Bitcoin.
Many $SOL speculators will sell and buy $BTC.
Both SOL and ETH will represent a smaller share of the speculative token market.
Altcoins will become a fad. #Bitcoin will prevail.
🔐Privacy & Security🔐
True multi-signature wallets are created at the consensus-level.
Remember: Any change to signers need to be visible on the ledger.
This ensures that your keys are in your control.
Choose trusted multi-sig setups built into the ledger.
Let us guide you in your journey. #bitcoin
📖 Bitcoin Basics 📖
Hierarchical Deterministic (HD) wallets have revolutionized #Bitcoin security & account management.
From a single seed phrase, users can access:
- Billions of addresses for transactions
- Seamless address organization
- Efficient UTXO management
- Human readable backups
- Enhance privacy
Blocks Until #Halving: 4,522
#bitcoin
Thx for this
nostr:note1vqqgu9nj7vyzxu839ksy9rj9aarkm2mqz7ryxh5dne6c6f579vwsz90hyw
🎉Happy #PersianNewYear to all celebrating! 🎉
In #Iran's challenging conditions under an oppressive regime, #Bitcoin emerges as a beacon of #hope.
Financial #freedom as a tool for empowerment against censorship and control is necessary.
For Iranians, Bitcoin isn't just an investment; it's a path to sovereignty.
We wishing a prosperous and liberating #Nowrooz to everyone. May this new year bring you closer to the freedom and opportunities you deserve.
#نوروز مبارک