Love love love this! ❤️❤️😀😀
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Tom Lee
npub192wm...l9nj
Striving to live well in body and mind. Interested in freedom technologies and decentralisation, allowing all people to play the game on a level playing field. #bitcoin
Morning all Bitcoiners! Gresham’s law is currently in play allowing you to spend inferior fiat whilst stockpiling the good stuff (#bitcoin ). That makes you incredibly fortunate since today you can accumulate way more bitcoin than people will earn in the future - earning it will be the only way to obtain it then. Therefore, whatever the fiat price is doing, just be thankful that history puts you in a place where you can obtain a lot of sats for relatively few dirty pieces of paper!!
Stay humble and stack, whatever you can manage. Much love people.
I’ve been thinking about Bitcoin security, particularly single sig vs multi sig. I personally have a single sig set up. I was thinking about dividing my 24 word seed phrase and giving each of my 4 trusted family members 6 of the words for safe keeping. That way I don’t have the technical obstacle of educating them about multi sig, which is much more involved than single sig. If someone discovers the hiding place of my seed phrase, they will only have a quarter of it and therefore won’t be able to gain access to my funds. Thoughts?