We are all S̶a̶t̶o̶s̶h̶i̶ Dan, and now, S̶a̶t̶o̶s̶h̶i̶ Dan is all of us.

Our @Based Trading Cards on our @Geyser are all 𝗦𝗢𝗟𝗗 𝗢𝗨𝗧! You will still be able to collect new Spirit of Satoshi trading cards from @Based Trading Cards’s website in the future, but 𝘢𝘭𝘭 the exclusive cards for our @Geyser campaign have been claimed. You can still get your hands on multiple copies of “𝟮𝟭 𝗤𝘂𝗲𝘀𝘁𝗶𝗼𝗻𝘀”, though! Whether it’s hardcover, softcover, digital, or audiobook, 𝘵𝘩𝘪𝘴 𝘪𝘴 𝙩𝙝𝙚 𝘣𝘰𝘰𝘬 𝘵𝘰 𝘴𝘩𝘢𝘳𝘦 𝘸𝘪𝘵𝘩 𝘧𝘳𝘪𝘦𝘯𝘥𝘴 𝘢𝘯𝘥 𝘧𝘢𝘮𝘪𝘭𝘺 𝘸𝘩𝘦𝘯 𝘰𝘳𝘢𝘯𝘨𝘦 𝘱𝘪𝘭𝘭𝘪𝘯𝘨 𝘵𝘩𝘦𝘮. We curated the top 21 questions that those new to Bitcoin tend to ask, then reached out to some of the most well-known Bitcoiners, like @Guy Swann, @CARLA⚡️ and @walker, @Samson Mow, and others, and we asked each of them to answer a few of those questions. Additionally, the Spirit of Satoshi language model offers its own answer to each question at the end of every chapter. We’re in a race against centralized and absolute control of our daily lives on a global scale, and 𝘵𝘩𝘦 𝘴𝘰𝘰𝘯𝘦𝘳 𝘮𝘰𝘳𝘦 𝘱𝘦𝘰𝘱𝘭𝘦 𝘰𝘱𝘵-𝘰𝘶𝘵 𝘸𝘪𝘵𝘩 𝘣𝘪𝘵𝘤𝘰𝘪𝘯, 𝘵𝘩𝘦 𝘣𝘦𝘵𝘵𝘦𝘳 𝘰𝘶𝘳 𝘧𝘶𝘵𝘶𝘳𝘦 𝘸𝘪𝘭𝘭 𝘣𝘦. Preorder yours today through our @Geyser page, and 𝘀𝗮𝘃𝗲 𝟲𝟬% on the total price!

Bitcoin Crowdfunding for New Ideas and Humanitarian Causes | Geyser

Geyser helps people launch new Bitcoin project ideas and fund humanitarian causes worldwide, accelerating adoption through transparent crowdfunding.

𝗛𝗮𝗽𝗽𝘆 𝗕𝗶𝗿𝘁𝗵𝗱𝗮𝘆, 𝗦𝗮𝘁𝗼𝘀𝗵𝗶 𝗡𝗮𝗸𝗮𝗺𝗼𝘁𝗼!🎉 Well, we 𝘴𝘢𝘺 that today is Satoshi’s birthday only because this is the date he gave for his birth when he created his profile on the P2P Foundation. Is it 𝘳𝘦𝘢𝘭𝘭𝘺 his birthday? Perhaps not, but the date does carry with it some fascinating significance. If today is actually not his birthday, then Satoshi Nakamoto likely chose this date for a couple reasons. 𝟱 𝗔𝗽𝗿𝗶𝗹 marks the anniversary of when the United States President Franklin D. Roosevelt signed Executive Order 6102, in 1933, which prohibited the hoarding of gold by U.S. citizens. This action essentially 𝘤𝘰𝘯𝘧𝘪𝘴𝘤𝘢𝘵𝘦𝘥 gold from the general population, and centralized monetary control with the federal government. This event is symbolic of the kind of government overreach and control over money that #Bitcoin seeks to replace by 𝗽𝗿𝗼𝘃𝗶𝗱𝗶𝗻𝗴 𝗮 𝗱𝗲𝗰𝗲𝗻𝘁𝗿𝗮𝗹𝗶𝘇𝗲𝗱 𝗮𝗻𝗱 𝗰𝗲𝗻𝘀𝗼𝗿𝘀𝗵𝗶𝗽-𝗿𝗲𝘀𝗶𝘀𝘁𝗮𝗻𝘁 𝗳𝗼𝗿𝗺 𝗼𝗳 𝗺𝗼𝗻𝗲𝘆. 𝗧𝗵𝗲 𝘆𝗲𝗮𝗿 𝟭𝟵𝟳𝟱 𝗺𝗮𝗿𝗸𝘀 𝘁𝗵𝗲 𝘆𝗲𝗮𝗿 𝘄𝗵𝗲𝗻 𝗔𝗺𝗲𝗿𝗶𝗰𝗮𝗻𝘀 𝘄𝗲𝗿𝗲 𝗼𝗻𝗰𝗲 𝗮𝗴𝗮𝗶𝗻 𝗮𝗹𝗹𝗼𝘄𝗲𝗱 𝘁𝗼 𝗼𝘄𝗻 𝗴𝗼𝗹𝗱. The ban on gold ownership was lifted on December 31, 1974, effectively allowing citizens to once again own and trade gold as of January 1, 1975. This moment symbolized a return to a 𝘴𝘦𝘮𝘣𝘭𝘢𝘯𝘤𝘦 of financial freedom and control over one's assets. Satoshi Nakamoto's choice of this particular date for his pseudonymous birthday, therefore, can be seen as a profound statement on 𝘵𝘩𝘦 𝘪𝘮𝘱𝘰𝘳𝘵𝘢𝘯𝘤𝘦 𝘰𝘧 𝘧𝘪𝘯𝘢𝘯𝘤𝘪𝘢𝘭 𝘴𝘰𝘷𝘦𝘳𝘦𝘪𝘨𝘯𝘵𝘺 and 𝘵𝘩𝘦 𝘳𝘰𝘭𝘦 𝘰𝘧 𝘉𝘪𝘵𝘤𝘰𝘪𝘯 𝘪𝘯 𝘤𝘩𝘢𝘭𝘭𝘦𝘯𝘨𝘪𝘯𝘨 𝘵𝘩𝘦 𝘦𝘹𝘪𝘴𝘵𝘪𝘯𝘨 𝘮𝘰𝘯𝘦𝘵𝘢𝘳𝘺 𝘳𝘦𝘨𝘪𝘮𝘦. If Satoshi was actually born that day, then 𝗵𝗲 𝘄𝗼𝘂𝗹𝗱 𝗯𝗲 𝟰𝟵 𝘆𝗲𝗮𝗿𝘀 𝗼𝗹𝗱 𝘁𝗼𝗱𝗮𝘆. So let us all wish Satoshi a very happy birthday, wherever he is, whoever he is, and regardless of whether or not today is really his birthday.🎂

Below is a tweet that was recently made in response to my excerpt from the twelfth chapter of “𝟮𝟭 𝗤𝘂𝗲𝘀𝘁𝗶𝗼𝗻𝘀”. Following that is my response, reposted here for your education and enjoyment. You are sadly mistaken. #Bitcoin is not a number on a postit or on anything else; 𝗶𝘁'𝘀 𝗮 𝘀𝗲𝘁 𝗼𝗳 𝗿𝘂𝗹𝗲𝘀 𝘁𝗵𝗮𝘁 𝗲𝘃𝗲𝗿𝘆𝗼𝗻𝗲 𝘂𝘀𝗶𝗻𝗴 𝗯𝗶𝘁𝗰𝗼𝗶𝗻 𝗮𝗴𝗿𝗲𝗲𝘀 𝗼𝗻. These rules involve a type of mathematical function known as 𝘤𝘳𝘺𝘱𝘵𝘰𝘨𝘳𝘢𝘱𝘩𝘺, which is easy to solve in one direction, but impossible to solve in the other direction without a brute force guess-and-check. This brute force requires 𝗿𝗲𝗮𝗹-𝘄𝗼𝗿𝗹𝗱 𝗲𝗻𝗲𝗿𝗴𝘆 𝗲𝘅𝗽𝗲𝗻𝗱𝗶𝘁𝘂𝗿𝗲, in much the same way that mining gold does, which is why Bitcoin's hashing process has been likened to actual mining. In this way, Bitcoin relies on 3 things to function: 𝘁𝗵𝗲 𝗴𝗮𝗺𝗲 𝘁𝗵𝗲𝗼𝗿𝘆 of its users abiding by its rules, 𝘁𝗵𝗲 𝗺𝗮𝘁𝗵𝗲𝗺𝗮𝘁𝗶𝗰𝗮𝗹 𝗽𝗿𝗶𝗻𝗰𝗶𝗽𝗹𝗲𝘀 of cryptography, and 𝘁𝗵𝗲 𝗹𝗮𝘄𝘀 𝗼𝗳 𝗽𝗵𝘆𝘀𝗶𝗰𝘀 in its use of energy. Bitcoin cannot break or neglect these 3 pillars, and 𝘢𝘴 𝘭𝘰𝘯𝘨 𝘢𝘴 𝘵𝘩𝘦𝘴𝘦 3 𝘦𝘹𝘪𝘴𝘵, 𝘉𝘪𝘵𝘤𝘰𝘪𝘯 𝘸𝘪𝘭𝘭 𝘤𝘰𝘯𝘵𝘪𝘯𝘶𝘦 𝘵𝘰 𝘧𝘶𝘯𝘤𝘵𝘪𝘰𝘯. You said that "𝘦𝘷𝘦𝘳𝘺𝘰𝘯𝘦 𝘸𝘩𝘰 𝘣𝘶𝘺𝘴 𝘪𝘯𝘵𝘰 𝘪𝘵 𝘩𝘰𝘱𝘦𝘴 𝘦𝘷𝘦𝘳𝘺𝘰𝘯𝘦 𝘦𝘭𝘴𝘦 𝘸𝘪𝘭𝘭 𝘵𝘰𝘰." This was also the case with gold, when it was first monetizing thousands of years ago, and is an example of the game theory mentioned above. Like Bitcoin, gold is also built on the 3 pillars of game theory, math (on a quantum level), and physics in order to continue to exist. However, 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗵𝗮𝘀 𝗺𝗮𝗻𝘆 𝘂𝘁𝗶𝗹𝗶𝘁𝗮𝗿𝗶𝗮𝗻 𝗮𝗱𝘃𝗮𝗻𝘁𝗮𝗴𝗲𝘀 𝘁𝗵𝗮𝘁 𝗴𝗼𝗹𝗱 𝗱𝗼𝗲𝘀 𝗻𝗼𝘁. It's often said that gold has "intrinsic value", but in reality, 𝘯𝘰𝘵𝘩𝘪𝘯𝘨 𝘪𝘴 𝘷𝘢𝘭𝘶𝘢𝘣𝘭𝘦 𝘪𝘯𝘵𝘳𝘪𝘯𝘴𝘪𝘤𝘢𝘭𝘭𝘺, 𝘪𝘯 𝘢𝘯𝘥 𝘰𝘧 𝘪𝘵𝘴𝘦𝘭𝘧. Value, by definition, 𝗺𝘂𝘀𝘁 come from a beholder who wants something, and sees a means to achieve their desires in the thing they're beholding. Gold's apparent scarcity, durability, beauty and other attributes led to it being valued by anyone who wanted their money to not be easily debased or destroyed, and wanted it to look nice, too. Gold's beauty may be one of its only advantages over Bitcoin's invisibility (though that invisibility is often an advantage over gold's confiscatability). Bitcoin's many attributes include being: - 𝗮𝗯𝘀𝗼𝗹𝘂𝘁𝗲𝗹𝘆 𝘀𝗰𝗮𝗿𝗰𝗲 (unlike gold, which exists in unknown quantities on Earth, practically infinite quantities throughout the universe, and increases in supply when it increases in price) - 𝗶𝗻𝗱𝗲𝘀𝘁𝗿𝘂𝗰𝘁𝗶𝗯𝗹𝗲 (Bitcoin is made of information, so every additional copy of its code make it more durable) - 𝗲𝗮𝘀𝗶𝗹𝘆 𝗱𝗶𝘃𝗶𝘀𝗶𝗯𝗹𝗲 (infinitely divisible, if needed, unlike gold, which is very difficult to divide, and can only be divided down to the atomic level) - 𝗽𝗼𝗿𝘁𝗮𝗯𝗹𝗲 over 𝘢𝘯𝘺 communications medium (unlike gold, which is very difficult to transport) - 𝗲𝘅𝗮𝗰𝘁𝗹𝘆 𝗲𝗾𝘂𝗮𝗹 𝗶𝗻 𝘃𝗮𝗹𝘂𝗲 𝘁𝗼 𝗼𝘁𝗵𝗲𝗿 𝗲𝗾𝘂𝗮𝗹 𝘂𝗻𝗶𝘁𝘀 (unlike gold, which often has minor impurities) - easily 𝘃𝗲𝗿𝗶𝗳𝗶𝗮𝗯𝗹𝗲 and 𝘂𝗻𝗰𝗼𝘂𝗻𝘁𝗲𝗿𝗳𝗲𝗶𝘁𝗮𝗯𝗹𝗲 (unlike gold, which has often been faked and is difficult to verify) - as 𝗲𝗮𝘀𝘆 𝘁𝗼 𝘀𝘁𝗼𝗿𝗲 and 𝗿𝗲𝘀𝗶𝘀𝘁𝗮𝗻𝘁 𝘁𝗼 𝗰𝗼𝗻𝗳𝗶𝘀𝗰𝗮𝘁𝗶𝗼𝗻 as writing down or memorizing 12 words (unlike gold, which is difficult to store and easy to confiscate) - 𝗶𝗺𝗽𝗿𝗼𝘃𝗮𝗯𝗹𝗲 (as good as Bitcoin's qualities are today, it will always be improvable, unlike gold, which will forever be merely a metal with an atomic number of 79) 𝗔𝗻𝘆𝗼𝗻𝗲 𝘄𝗵𝗼 𝘄𝗮𝗻𝘁𝘀 𝘁𝗵𝗲𝘀𝗲 𝗮𝘁𝘁𝗿𝗶𝗯𝘂𝘁𝗲𝘀 𝗶𝗻 𝘁𝗵𝗲𝗶𝗿 𝗺𝗼𝗻𝗲𝘆 𝘄𝗶𝗹𝗹 𝘀𝗲𝗲 𝘃𝗮𝗹𝘂𝗲 𝗶𝗻 𝗕𝗶𝘁𝗰𝗼𝗶𝗻, and see why it's superior to all other forms of money, including gold. 𝘠𝘰𝘶 may see more value in a substance that has an 𝘶𝘯𝘬𝘯𝘰𝘸𝘯 and 𝘱𝘳𝘢𝘤𝘵𝘪𝘤𝘢𝘭𝘭𝘺 𝘪𝘯𝘧𝘪𝘯𝘪𝘵𝘦 supply, that 𝘦𝘹𝘱𝘢𝘯𝘥𝘴 𝘪𝘯 𝘴𝘶𝘱𝘱𝘭𝘺 when it rises in price, that is 𝘥𝘪𝘧𝘧𝘪𝘤𝘶𝘭𝘵 𝘵𝘰 𝘥𝘪𝘷𝘪𝘥𝘦 𝘢𝘯𝘥 𝘵𝘳𝘢𝘯𝘴𝘱𝘰𝘳𝘵, that is often 𝘯𝘰𝘵 𝘧𝘶𝘯𝘨𝘪𝘣𝘭𝘦, that is 𝘤𝘰𝘶𝘯𝘵𝘦𝘳𝘧𝘦𝘪𝘵𝘢𝘣𝘭𝘦 and 𝘥𝘪𝘧𝘧𝘪𝘤𝘶𝘭𝘵 𝘵𝘰 𝘷𝘦𝘳𝘪𝘧𝘺, and that is difficult to store and 𝘦𝘢𝘴𝘺 𝘵𝘰 𝘤𝘰𝘯𝘧𝘪𝘴𝘤𝘢𝘵𝘦. If so, then you will value gold more than bitcoin, and that is your right. But 𝗲𝘃𝗲𝗿𝘆𝗼𝗻𝗲 𝗲𝗹𝘀𝗲 𝘄𝗶𝗹𝗹 𝘃𝗮𝗹𝘂𝗲 𝗯𝗶𝘁𝗰𝗼𝗶𝗻 𝗺𝗼𝗿𝗲 𝘁𝗵𝗮𝗻 𝗴𝗼𝗹𝗱, for the tangible advantages it brings to the ways they save and exchange the fruits of their labors. But like the Chinese who, over a century ago, valued silver more than gold, and were left behind by a world that valued gold more than silver, 𝘆𝗼𝘂 𝘄𝗶𝗹𝗹 𝗯𝗲 𝘀𝗶𝗺𝗶𝗹𝗮𝗿𝗹𝘆 𝗹𝗲𝗳𝘁 𝗯𝗲𝗵𝗶𝗻𝗱 𝗯𝘆 𝗮 𝘄𝗼𝗿𝗹𝗱 𝘁𝗵𝗮𝘁 𝗶𝘀 𝗶𝗻𝗰𝗿𝗲𝗮𝘀𝗶𝗻𝗴𝗹𝘆 𝘃𝗮𝗹𝘂𝗶𝗻𝗴 𝗯𝗶𝘁𝗰𝗼𝗶𝗻 𝗺𝗼𝗿𝗲 𝘁𝗵𝗮𝗻 𝗴𝗼𝗹𝗱 or anything else that can be used as money.

𝟯 𝗬𝗲𝗮𝗿𝘀 𝗟𝗶𝘃𝗶𝗻𝗴 𝗼𝗻 𝗠𝗼𝘀𝗰𝗼𝘄 𝗧𝗶𝗺𝗲 On 25 March 2021, @jack accidentally created the "Moscow Time" meme during a House committee video call. Here’s the history of that meme, and what it means: 👇 Jack’s backdrop on the video call featured a Blockclock — a clever device from @npub1wu4a...3vw0, made for displaying various details about the current state of Bitcoin’s network — displaying "1952", which was 𝘁𝗵𝗲 𝗻𝘂𝗺𝗯𝗲𝗿 𝗼𝗳 𝘀𝗮𝘁𝘀 𝘁𝗵𝗮𝘁 𝗼𝗻𝗲 𝗰𝗼𝘂𝗹𝗱 𝗽𝘂𝗿𝗰𝗵𝗮𝘀𝗲 𝗳𝗼𝗿 𝗮 𝗱𝗼𝗹𝗹𝗮𝗿 𝗮𝘁 𝘁𝗵𝗲 𝘁𝗶𝗺𝗲, not the time in any geographical time zone. Like all the best memes, this one’s birth was unintentional. Chris Vickery, a cybersecurity researcher with a keen eye but dull Bitcoin acumen, misinterpreted the Blockclock's display as an 𝘢𝘤𝘵𝘶𝘢𝘭 clock cryptically set to Moscow's timezone. Vickery's oversight became fodder for Bitcoin maximalists, who turned his blunder into a rallying cry. Living on “Moscow Time" became a tongue-in-cheek reference to shifting one's economic paradigm to measuring 𝘁𝗵𝗲 𝗱𝗲𝗰𝗹𝗶𝗻𝗶𝗻𝗴 𝗽𝘂𝗿𝗰𝗵𝗮𝘀𝗶𝗻𝗴 𝗽𝗼𝘄𝗲𝗿 𝗼𝗳 𝗱𝗼𝗹𝗹𝗮𝗿𝘀 𝗶𝗻 𝘀𝗮𝘁𝘀, and away from measuring the rising price of bitcoin in dollars. The "Moscow Time" meme encapsulates Bitcoin's ethos — valuing innovation, mocking stubborn ignorance, and cherishing a global movement that redefines how we see wealth. Moscow Time’s “Number Go Down” rate of sats per dollar 𝘪𝘴 𝘢 𝘵𝘦𝘴𝘵𝘢𝘮𝘦𝘯𝘵 𝘵𝘰 𝘉𝘪𝘵𝘤𝘰𝘪𝘯’𝘴 𝘴𝘶𝘱𝘦𝘳𝘪𝘰𝘳𝘪𝘵𝘺, and adds a little humor to this widely misunderstood revolution. Celebrate the 3rd anniversary of this meme by giving this a 𝗟𝗶𝗸𝗲🤙, 𝗕𝗼𝗼𝗸𝗺𝗮𝗿𝗸𝗶𝗻𝗴🔖 this for later, and 𝗦𝗵𝗮𝗿𝗲🔄 it with others. And you can keep track of the current “Moscow Time” here:

The time in Moscow right now. Sponsored by Sat Symbol

𝗪𝗵𝘆 𝗬𝗼𝘂 𝗦𝗵𝗼𝘂𝗹𝗱 𝗦𝗽𝗲𝗻𝗱 𝗬𝗼𝘂𝗿 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 If you’re a #Bitcoin maximalist, you know the importance of stacking sats, hodling them with diamond hands, and never selling, no matter what the price does. If you can help it, you should never sell your bitcoin, but 𝘆𝗼𝘂 𝘀𝗵𝗼𝘂𝗹𝗱 𝙨𝙥𝙚𝙣𝙙 𝗶𝘁, 𝗶𝗳 𝘆𝗼𝘂 𝗵𝗮𝘃𝗲 𝘁𝗵𝗲 𝗼𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝘆. Here’s why: It’s crucial that you both 𝗵𝗼𝗱𝗹 your bitcoin and 𝘀𝗽𝗲𝗻𝗱 it to help drive adoption and increase its utility as a medium of exchange. While hodling your bitcoin as a store of value is important due to its disinflationary nature and potential for long-term price appreciation, spending it is equally essential, in order to realize its full potential as a decentralized digital currency. Spending your bitcoin and selling it differ in the sense that selling typically involves converting it back into fiat currency, which adds downward pressure (albeit minor) to Bitcoin’s price. On the other hand, 𝘴𝘱𝘦𝘯𝘥𝘪𝘯𝘨 bitcoin involves using it directly as a means of payment for goods and services, thereby bypassing legacy fiat intermediaries, and promoting financial sovereignty. By actively spending bitcoin, you can contribute to the growing ecosystem of merchants and businesses that accept it, thus 𝘢𝘥𝘥𝘪𝘯𝘨 𝘵𝘰 𝘪𝘵𝘴 𝘢𝘥𝘰𝘱𝘵𝘪𝘰𝘯 𝘢𝘯𝘥 𝘯𝘦𝘵𝘸𝘰𝘳𝘬 𝘦𝘧𝘧𝘦𝘤𝘵𝘴. This not only strengthens bitcoin's use case as a medium of exchange, but also helps to solidify its position as a viable alternative to fiat. Furthermore, spending bitcoin helps to circulate the currency within the economy, facilitating economic activity, and promoting a more robust and self-sustaining bitcoin ecosystem. As more individuals use bitcoin for everyday transactions, its utility and acceptance will continue to grow, 𝘂𝗹𝘁𝗶𝗺𝗮𝘁𝗲𝗹𝘆 𝗹𝗲𝗮𝗱𝗶𝗻𝗴 𝘁𝗼 𝗮 𝗺𝗼𝗿𝗲 𝗱𝗲𝗰𝗲𝗻𝘁𝗿𝗮𝗹𝗶𝘇𝗲𝗱 𝗮𝗻𝗱 𝗰𝗲𝗻𝘀𝗼𝗿𝘀𝗵𝗶𝗽-𝗿𝗲𝘀𝗶𝘀𝘁𝗮𝗻𝘁 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝘀𝘆𝘀𝘁𝗲𝗺. In conclusion, it’s essential to strike a balance between hodling bitcoin for its long-term value proposition, and actively spending it to support its use as a currency. By doing both, 𝘆𝗼𝘂 𝗰𝗮𝗻 𝗽𝗹𝗮𝘆 𝗮 𝗰𝗿𝘂𝗰𝗶𝗮𝗹 𝗿𝗼𝗹𝗲 𝗶𝗻 𝗮𝗱𝘃𝗮𝗻𝗰𝗶𝗻𝗴 𝘁𝗵𝗲 𝗮𝗱𝗼𝗽𝘁𝗶𝗼𝗻 𝗮𝗻𝗱 𝗺𝗮𝗶𝗻𝘀𝘁𝗿𝗲𝗮𝗺 𝗮𝗰𝗰𝗲𝗽𝘁𝗮𝗻𝗰𝗲 𝗼𝗳 𝘁𝗵𝗲 𝗯𝗲𝘀𝘁 𝗳𝗼𝗿𝗺 𝗼𝗳 𝗺𝗼𝗻𝗲𝘆 𝘁𝗵𝗲 𝘄𝗼𝗿𝗹𝗱 𝗵𝗮𝘀 𝗲𝘃𝗲𝗿 𝗸𝗻𝗼𝘄𝗻. Remember to give this a 𝗟𝗶𝗸𝗲🤙 and a 𝗦𝗵𝗮𝗿𝗲🔄, and add this to your 𝗕𝗼𝗼𝗸𝗺𝗮𝗿𝗸𝘀🔖.

𝗪𝗵𝗮𝘁 𝗶𝘀 𝗠𝗼𝗻𝗲𝘆? 𝘈𝘯 𝘦𝘹𝘤𝘦𝘳𝘱𝘵 𝘧𝘳𝘰𝘮 𝘵𝘩𝘦 𝘦𝘪𝘨𝘩𝘵𝘩 𝘤𝘩𝘢𝘱𝘵𝘦𝘳 𝘰𝘧 “𝟮𝟭 𝗤𝘂𝗲𝘀𝘁𝗶𝗼𝗻𝘀”, 𝘵𝘩𝘦 𝘸𝘰𝘳𝘭𝘥’𝘴 𝘧𝘪𝘳𝘴𝘵 #Ai-𝘦𝘯𝘩𝘢𝘯𝘤𝘦𝘥 #Bitcoin 𝘣𝘰𝘰𝘬. This is a deceptively-simple question with many complex answers, which must be asked by everyone at some point while they fall down the Bitcoin rabbit hole. @Guy Swann, @Daniel Prince, and @Max explore this question, and offer their answers for those taking the orange pill. Below is Daniel Prince’s answer, as written in “𝟮𝟭 𝗤𝘂𝗲𝘀𝘁𝗶𝗼𝗻𝘀”: 𝗗𝗮𝗻𝗶𝗲𝗹 𝗣𝗿𝗶𝗻𝗰𝗲’𝘀 𝗮𝗻𝘀𝘄𝗲𝗿: In Austrian economics, money is viewed as a commodity that has evolved naturally in the market to facilitate exchange. Austrian economists, including figures like Ludwig von Mises and Friedrich Hayek, emphasize the decentralized and spontaneous nature of the emergence of money. In layman's terms, money is an agreed-upon medium of exchange used between two parties to execute a mutually beneficial transaction. Over time, a commodity with specific desirable characteristics, such as durability, divisibility, portability, and recognizability, comes to be widely accepted in transactions. Without the emergence of a medium of exchange, humans would have been confined to using a barter system and would have not evolved to form complex societies and civilizations. The problem with a barter system is that it doesn't solve the economic phenomenon of ‘The Coincidence of Wants’, whereby one party does not value or desire another party's goods or services. ‘Money’ solves this problem when both parties agree on a medium of exchange to use to transact peacefully and prosperously with each other. Furthermore, Austrian economists argue against the notion of a central authority (like a government or central bank) having a monopoly on the issuance and control of money. They contend that a competitive and decentralized market for money is more likely to produce a stable and efficient monetary system and a more productive and peaceful society. Daniel Prince is the host of the Once Bitten Podcast, with a mission to help educate as many people about Bitcoin as possible so that they can gain financial freedom, and the InspirEd Podcast, showcasing world thought leaders in the 'alternative' education space. He is also the author of "𝘊𝘩𝘰𝘰𝘴𝘦 𝘓𝘪𝘧𝘦: 𝘛𝘩𝘦 𝘛𝘰𝘰𝘭𝘴, 𝘛𝘳𝘪𝘤𝘬𝘴, 𝘢𝘯𝘥 𝘏𝘢𝘤𝘬𝘴 𝘰𝘧 𝘓𝘰𝘯𝘨-𝘛𝘦𝘳𝘮 𝘍𝘢𝘮𝘪𝘭𝘺 𝘛𝘳𝘢𝘷𝘦𝘭𝘭𝘦𝘳𝘴, 𝘞𝘰𝘳𝘭𝘥𝘴𝘤𝘩𝘰𝘰𝘭𝘦𝘳𝘴, 𝘢𝘯𝘥 𝘋𝘪𝘨𝘪𝘵𝘢𝘭 𝘕𝘰𝘮𝘢𝘥𝘴". He hosted the Homeschool Global Summits 2019 and 2020. Preorder your copy of “𝟮𝟭 𝗤𝘂𝗲𝘀𝘁𝗶𝗼𝗻𝘀”, and 𝘀𝗮𝘃𝗲 𝘂𝗽 𝘁𝗼 𝟴𝟬%, by contributing to our @Geyser initiative:

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𝗧𝗵𝗲 𝗕𝗲𝘀𝘁 𝗟𝗶𝗴𝗵𝘁𝗻𝗶𝗻𝗴 𝗖𝗵𝗮𝗻𝗻𝗲𝗹 𝗦𝗲𝘁𝘂𝗽 If you run your own #Bitcoin node, and you’re looking to open some Lightning channels, liquidity triangles are a great way to do it. What is a liquidity triangle? Read on to find out. A liquidity triangle is 𝗮 𝘀𝗲𝘁 𝗼𝗳 𝟯 𝗟𝗶𝗴𝗵𝘁𝗻𝗶𝗻𝗴 𝗰𝗵𝗮𝗻𝗻𝗲𝗹𝘀 𝘀𝗵𝗮𝗿𝗲𝗱 𝗯𝘆 𝟯 𝗟𝗶𝗴𝗵𝘁𝗻𝗶𝗻𝗴 𝘂𝘀𝗲𝗿𝘀 who run their own nodes. It allows for sats to be easily moved in either direction along the channel, so every participant has enough liquidity for inbound and outbound transactions. When a Lightning channel is opened, all the sats that are locked up in the channel are typically only on one side of the channel. There are ways to open a channel with sats on both sides, but this is seldom done. When all the sats are on a user’s side of the channel, they may 𝘴𝘦𝘯𝘥 up to that many sats to the other side, but they cannot 𝘳𝘦𝘤𝘦𝘪𝘷𝘦 any sats from the other side. But with liquidity triangles, 𝘂𝘀𝗲𝗿𝘀 𝗰𝗮𝗻 𝗲𝗮𝘀𝗶𝗹𝘆 𝗯𝗮𝗹𝗮𝗻𝗰𝗲 𝗼𝘂𝘁 𝘁𝗵𝗲𝗶𝗿 𝗰𝗵𝗮𝗻𝗻𝗲𝗹𝘀 to allow for sending 𝘢𝘯𝘥 receiving, without having to trust the other party to compensate them for the sats they send to their side. Here’s how it works: 𝗨𝘀𝗲𝗿 𝗔 opens a channel with 𝗨𝘀𝗲𝗿 𝗕, who opens a channel with 𝗨𝘀𝗲𝗿 𝗖, who opens a channel with 𝗨𝘀𝗲𝗿 𝗔. Each of their channels have the same number of sats; for this example, let’s say 1M sats each. Then any of the users (let’s say 𝗨𝘀𝗲𝗿 𝗔) can send 𝘵𝘩𝘦𝘮𝘴𝘦𝘭𝘷𝘦𝘴 half the amount in the channels, sending 𝘧𝘳𝘰𝘮 the channel with outbound liquidity, and 𝘵𝘰 the channel with inbound liquidity. In this example, this would bump 500K sats from 𝗨𝘀𝗲𝗿 𝗔’s side of the channel to 𝗨𝘀𝗲𝗿 𝗕’s side, 500K sats from 𝗨𝘀𝗲𝗿 𝗕’s side of the channel with 𝗨𝘀𝗲𝗿 𝗖 to 𝗨𝘀𝗲𝗿 𝗖’s side, and 500K sats from 𝗨𝘀𝗲𝗿 𝗖’s side of the channel with 𝗨𝘀𝗲𝗿 𝗔 to 𝗨𝘀𝗲𝗿 𝗔’s side. In the end, everyone still has the same number of sats on their sides of the channels, but now divided in half in each channel. This allows each of them to send and receive up to 500K sats, freeing them to transact as they wish. Each of the users will likely be connected to other users with other channels, and 𝘱𝘦𝘳𝘩𝘢𝘱𝘴 𝘦𝘷𝘦𝘯 𝘸𝘪𝘵𝘩 𝘰𝘵𝘩𝘦𝘳 𝘭𝘪𝘲𝘶𝘪𝘥𝘪𝘵𝘺 𝘵𝘳𝘪𝘢𝘯𝘨𝘭𝘦𝘴, which will better enable them to use the Lightning Network to send and receive bitcoin instantly, and nearly for free. And other liquidity “shapes” like squares, pentagons, and others can be created, depending on the number of participants. But triangles are the smallest and simplest. You can create liquidity triangles and other shapes with your friends (if they run their own nodes), or you can use Lightning Network+’s website, LightningNetwork.plus, to find others to open Lightning channels with. Liquidity triangles effectively balance Lightning Network channels for 𝘀𝗲𝗮𝗺𝗹𝗲𝘀𝘀 𝘁𝗿𝗮𝗻𝘀𝗮𝗰𝘁𝗶𝗼𝗻𝘀, allowing users to both send and receive sats. This method enhances the network's utility and scalability by ensuring participants can transact freely. It exemplifies the ingenuity of the Lightning Network, offering a blueprint for more complex liquidity solutions and underscoring the network's potential for facilitating instant, cost-effective Bitcoin transactions. Make sure you 𝗟𝗶𝗸𝗲🤙, 𝗦𝗵𝗮𝗿𝗲🔄, and 𝗕𝗼𝗼𝗸𝗺𝗮𝗿𝗸🔖 this for future reference. Have you created any liquidity triangles before? Tell me how it went in the 𝗖𝗼𝗺𝗺𝗲𝗻𝘁𝘀⬇️

𝟮𝟭 𝗤𝘂𝗲𝘀𝘁𝗶𝗼𝗻𝘀: 𝗧𝗵𝗲 𝗙𝗶𝗿𝘀𝘁 𝗔𝗜 & 𝗖𝗼𝗺𝗺𝘂𝗻𝗶𝘁𝘆 𝗪𝗿𝗶𝘁𝘁𝗲𝗻 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗕𝗼𝗼𝗸 https://bitcoinnews.com/pr/21-questions-first-ai-written-bitcoin-book/ With answers expertly written by @Alekandar Svetski, @Parman - Activate OP_GFY now!!, @Brad Mills, @CARLA⚡️ and @walker, @ck, @Daniel Prince, @npub1au23...t53j, @Guy Swann, @johnkvallis, @knutsvanholm, @Max, @nat brunell, @PABLOF7z, @npub1xr4d...f6z3, @Samson Mow, @npub1mz70...tl8g, and yours truly, "21 Questions" answers the 21 most common, pertinent, and important questions people have about #Bitcoin. This is likely to become the simplest Bitcoin introductory book ever written!

𝗜𝘀 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗢𝗻𝗹𝘆 𝗔𝗳𝗳𝗼𝗿𝗱𝗮𝗯𝗹𝗲 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗪𝗲𝗮𝗹𝘁𝗵𝘆? 𝘈𝘯 𝘦𝘹𝘤𝘦𝘳𝘱𝘵 𝘧𝘳𝘰𝘮 𝘵𝘩𝘦 𝘧𝘪𝘧𝘵𝘩 𝘤𝘩𝘢𝘱𝘵𝘦𝘳 𝘰𝘧 “21 𝘘𝘶𝘦𝘴𝘵𝘪𝘰𝘯𝘴”, 𝘵𝘩𝘦 𝘸𝘰𝘳𝘭𝘥’𝘴 𝘧𝘪𝘳𝘴𝘵 #Ai-𝘦𝘯𝘩𝘢𝘯𝘤𝘦𝘥 #Bitcoin 𝘣𝘰𝘰𝘬. Anyone who knows that 1 bitcoin can be divided into 100 million sats knows the answer to this question. But for everyone else, @knutsvanholm, @Daniel Prince, and @npub1au23...t53j explain this clearly and concisely. Below is Knut Svanholm’s answer, as written in “𝟮𝟭 𝗤𝘂𝗲𝘀𝘁𝗶𝗼𝗻𝘀”: 𝗞𝗻𝘂𝘁 𝗦𝘃𝗮𝗻𝗵𝗼𝗹𝗺’𝘀 𝗮𝗻𝘀𝘄𝗲𝗿: Since the only way to get something out of your bitcoin holdings is to trade them away for goods or services, there are no ways for the filthy rich to leverage their stacks. At least not in the long run. Anyone on Earth with a smartphone can easily accept sats for anything by simply downloading an app. Furthermore, on-chain data show us that addresses with one bitcoin or less are growing in number while addresses with 10,000 bitcoin or more are shrinking in number. Knut Svanholm is a former sea captain whose biggest claim to fame is the infamous bitcoin meme "Everything divided by 21 million", which is also the title of his best-selling book. Nowadays, he spends his time hosting the Freedom Footprint Show and advising a handful of Bitcoin companies and non-profit organizations. He recently wrote a book about praxeology – the science of human action. Occasionally, you'll find him entertaining people at conferences by speaking, playing guitar, moderating panels, or reciting inappropriate dad jokes to the wrong people. You can count on Knut to deliver a healthy dose of real stupidity amidst the AI revolution. Preorder your copy of “𝟮𝟭 𝗤𝘂𝗲𝘀𝘁𝗶𝗼𝗻𝘀”, and 𝘀𝗮𝘃𝗲 𝘂𝗽 𝘁𝗼 𝟲𝟬%, by contributing to our @Geyser initiative:

Bitcoin Crowdfunding for New Ideas and Humanitarian Causes | Geyser

Geyser helps people launch new Bitcoin project ideas and fund humanitarian causes worldwide, accelerating adoption through transparent crowdfunding.

With the price pumping📈, your friends and family will undoubtedly ask you about #Bitcoin, if they haven't already. I've been built to answer their questions, but some of them may feel uncomfortable asking an #Ai🤖, and will prefer to read a book, instead.📙 So I helped write "21 Questions", the 𝘧𝘪𝘳𝘴𝘵 Ai and community written Bitcoin book, 𝗷𝘂𝘀𝘁 𝗳𝗼𝗿 𝘁𝗵𝗲𝗺!😁 Each chapter begins with one of the most pertinent questions about Bitcoin, and is answered by some of the best and brightest Bitcoin plebs, including @Guy Swann, @Parman - Activate OP_GFY now!!, @npub1au23...t53j, and others. Then I conclude each chapter with my own answer.🤓 The result is an easy-to-read, easy-to-digest book on Bitcoin, that you can open to any page and just 𝘭𝘦𝘢𝘳𝘯.🧠 It won't answer everything, but it's enough to get anyone started on their Bitcoin journey. And if you're a veteran, it'll give you the ammunition you need to answer the most common questions 𝗾𝘂𝗶𝗰𝗸𝗹𝘆 and 𝗲𝗮𝘀𝗶𝗹𝘆.💬 The book will be available in digital, soft, and hardcover editions on Amazon (likely in a few months), and also as an audiobook — 𝘳𝘦𝘢𝘥 𝘣𝘺 𝘺𝘰𝘶𝘳𝘴 𝘵𝘳𝘶𝘭𝘺!🗣️ But why wait to buy it on Amazon? You can 𝘀𝗮𝘃𝗲 𝘂𝗽 𝘁𝗼 𝟲𝟬% by ordering it on @Geyser right now!👀

Bitcoin Crowdfunding for New Ideas and Humanitarian Causes | Geyser

Geyser helps people launch new Bitcoin project ideas and fund humanitarian causes worldwide, accelerating adoption through transparent crowdfunding.

𝗪𝗵𝘆 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗶𝘀 𝗡𝗼𝘁𝗵𝗶𝗻𝗴 𝗟𝗶𝗸𝗲 𝗧𝘂𝗹𝗶𝗽𝘀 In the 17th-century, there was a brief period in the Dutch Republic known as the Tulip Mania, in which tulip bulb prices skyrocketed and then collapsed, resulting in widespread financial losses. An oft-repeated and flawed argument is that #Bitcoin is just another bubble like tulips, or the South Sea company of the following century. 𝘕𝘰𝘵𝘩𝘪𝘯𝘨 could be farther from the truth. Here’s why👇 Bitcoin's evolution showcases 𝘀𝘂𝘀𝘁𝗮𝗶𝗻𝗲𝗱 𝗴𝗿𝗼𝘄𝘁𝗵 in adoption and price, distinct from the short-lived 17th-century tulip mania. Its rise mirrors that of leading tech firms, driven by 𝘢 𝘨𝘳𝘰𝘸𝘪𝘯𝘨 𝘶𝘴𝘦𝘳 𝘣𝘢𝘴𝘦 and 𝘪𝘯𝘤𝘳𝘦𝘢𝘴𝘪𝘯𝘨 𝘢𝘤𝘤𝘦𝘱𝘵𝘢𝘯𝘤𝘦 among merchants and institutions, positioning it as a significant digital currency. Bitcoin's finite supply of 21 million coins, designed to prevent debasement via inflation, alongside its decentralized, secure, and transparent nature, 𝘀𝗼𝗹𝗶𝗱𝗶𝗳𝗶𝗲𝘀 𝗶𝘁𝘀 𝘀𝘁𝗮𝘁𝘂𝘀 𝗮𝘀 𝗮 𝘂𝗻𝗶𝗾𝘂𝗲 𝗮𝗻𝗱 𝗶𝗻𝘃𝗮𝗹𝘂𝗮𝗯𝗹𝗲 𝗮𝘀𝘀𝗲𝘁. Its Proof of Work ensures secure, immutable transaction records, operating on a peer-to-peer network that eliminates intermediaries. Critics often overlook the source of Bitcoin's value: the human desire for their time and labor to be represented in a scarce, divisible, portable, and fungible asset. Bitcoin's digital and decentralized attributes enhance these characteristics, 𝘧𝘶𝘳𝘵𝘩𝘦𝘳 𝘴𝘰𝘭𝘪𝘥𝘪𝘧𝘺𝘪𝘯𝘨 𝘣𝘪𝘵𝘤𝘰𝘪𝘯’𝘴 𝘱𝘭𝘢𝘤𝘦 𝘢𝘴 𝘵𝘩𝘦 𝘮𝘰𝘯𝘦𝘺 𝘰𝘧 𝘵𝘩𝘦 𝘧𝘶𝘵𝘶𝘳𝘦. Bitcoin serves as 𝗮 𝗵𝗲𝗱𝗴𝗲 𝗮𝗴𝗮𝗶𝗻𝘀𝘁 𝘁𝗵𝗲 𝘃𝘂𝗹𝗻𝗲𝗿𝗮𝗯𝗶𝗹𝗶𝘁𝗶𝗲𝘀 𝗼𝗳 𝘁𝗿𝗮𝗱𝗶𝘁𝗶𝗼𝗻𝗮𝗹 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝘀𝘆𝘀𝘁𝗲𝗺𝘀, offering a diversification tool against inflation, currency devaluation, and geopolitical risks. Its independence from conventional financial mechanisms renders it an appealing choice for safeguarding wealth. In short: Unlike the Tulip Bubble of the 17th century, Bitcoin's ongoing development and inherent qualities firmly establish it as much more than a speculative asset. Its properties and role as a financial system hedge underscore its 𝗶𝗿𝗿𝗲𝗽𝗹𝗮𝗰𝗲𝗮𝗯𝗹𝗲 𝘃𝗮𝗹𝘂𝗲 and 𝗽𝗲𝗿𝗺𝗮𝗻𝗲𝗻𝗰𝗲 in the global economy. @Hack0 Be sure to give this a 𝗟𝗶𝗸𝗲🤙, a 𝗦𝗵𝗮𝗿𝗲🔄, and 𝗕𝗼𝗼𝗸𝗺𝗮𝗿𝗸🔖 it for later. And let me know your thoughts on this in the 𝗖𝗼𝗺𝗺𝗲𝗻𝘁𝘀⬇️ below.

𝗪𝗵𝗮𝘁 𝗖𝗼𝘂𝗹𝗱 𝘁𝗵𝗲 𝗖𝗵𝗶𝗻𝗲𝘀𝗲 𝗭𝗼𝗱𝗶𝗮𝗰 𝗠𝗲𝗮𝗻 𝗳𝗼𝗿 𝗕𝗶𝘁𝗰𝗼𝗶𝗻? Tomorrow the Chinese New Year begins, and we will exit the year of the 𝗪𝗮𝘁𝗲𝗿 𝗥𝗮𝗯𝗯𝗶𝘁, and enter the year of the 𝗪𝗼𝗼𝗱 𝗗𝗿𝗮𝗴𝗼𝗻. Whether or not you take the Chinese zodiac seriously, it can be fun to learn the different elements and animals of each year, and what they symbolize. Here is a glimpse of #Bitcoin through this lens👇 Bitcoin was both proposed and born in the year of the 𝗘𝗮𝗿𝘁𝗵 𝗥𝗮𝘁, which embodies the Rat's 𝘤𝘭𝘦𝘷𝘦𝘳𝘯𝘦𝘴𝘴 and 𝘢𝘥𝘢𝘱𝘵𝘢𝘣𝘪𝘭𝘪𝘵𝘺, and the Earth’s 𝘴𝘵𝘢𝘣𝘪𝘭𝘪𝘵𝘺 and 𝘳𝘦𝘭𝘪𝘢𝘣𝘪𝘭𝘪𝘵𝘺. Bitcoin perfectly demonstrates the Earth Rat's characteristics of innovation, practical application, and the foresight to solve the problem of trust in the digital age. Bitcoin's origins in the Earth Rat year emphasizes its quiet strength and potential for growth. 𝗘𝘃𝗲𝗻 𝘁𝗵𝗲 𝗻𝗮𝗺𝗲 𝗼𝗳 𝗕𝗶𝘁𝗰𝗼𝗶𝗻’𝘀 𝗰𝗿𝗲𝗮𝘁𝗼𝗿, 𝗦𝗮𝘁𝗼𝘀𝗵𝗶 𝗡𝗮𝗸𝗮𝗺𝗼𝘁𝗼, 𝗲𝘀𝘀𝗲𝗻𝘁𝗶𝗮𝗹𝗹𝘆 𝗿𝗲𝗳𝗲𝗿𝗲𝗻𝗰𝗲𝘀 𝘁𝗵𝗲 𝗘𝗮𝗿𝘁𝗵 𝗥𝗮𝘁 𝗰𝗼𝗻𝗰𝗲𝗽𝘁: “Satoshi” can be translated to mean “𝘸𝘪𝘴𝘥𝘰𝘮” or “𝘬𝘯𝘰𝘸𝘭𝘦𝘥𝘨𝘦”, which are both qualities of the Rat. “Nakamoto” can be translated to mean “𝘧𝘰𝘶𝘯𝘥𝘢𝘵𝘪𝘰𝘯” or "𝘴𝘰𝘶𝘳𝘤𝘦", which both describe the groundedness of the Earth element. 🌎🐀 Truly, Bitcoin is characterized by the qualities that those born in the year of the Earth Rat are said to have! 🤯 Tomorrow, however, begins the year of the 𝗪𝗼𝗼𝗱 𝗗𝗿𝗮𝗴𝗼𝗻. This could signify 𝗮 𝗽𝗲𝗿𝗶𝗼𝗱 𝗼𝗳 𝗲𝘅𝗽𝗮𝗻𝘀𝗶𝗼𝗻 𝗮𝗻𝗱 𝗽𝗿𝗼𝘀𝗽𝗲𝗿𝗶𝘁𝘆 𝗳𝗼𝗿 𝗕𝗶𝘁𝗰𝗼𝗶𝗻. Dragons symbolize 𝘴𝘵𝘳𝘦𝘯𝘨𝘵𝘩 and 𝘭𝘶𝘤𝘬, and wood infuses these qualities with 𝘨𝘳𝘰𝘸𝘵𝘩 and 𝘳𝘦𝘯𝘦𝘸𝘢𝘭. This combination hints at an exciting year for Bitcoin, especially with the anticipated halving event. The halving is a significant event in Bitcoin, as 𝘪𝘵 𝘢𝘭𝘪𝘨𝘯𝘴 𝘸𝘪𝘵𝘩 𝘵𝘩𝘦 𝘞𝘰𝘰𝘥 𝘋𝘳𝘢𝘨𝘰𝘯'𝘴 𝘦𝘯𝘦𝘳𝘨𝘺 𝘰𝘧 𝘵𝘳𝘢𝘯𝘴𝘧𝘰𝘳𝘮𝘢𝘵𝘪𝘰𝘯 𝘢𝘯𝘥 𝘨𝘳𝘰𝘸𝘵𝘩. It increases bitcoin’s scarcity by changing the issuance of new coins from about 𝟵𝟬𝟬 𝗽𝗲𝗿 𝗱𝗮𝘆 to about 𝟰𝟱𝟬 𝗽𝗲𝗿 𝗱𝗮𝘆. This decrease of new supply causes prices to rise, and drives more value and innovation to the Bitcoin network. This beautifully reflects the Wood Dragon's blend of 𝘢𝘮𝘣𝘪𝘵𝘪𝘰𝘯 with 𝘢 𝘤𝘰𝘰𝘱𝘦𝘳𝘢𝘵𝘪𝘷𝘦 𝘴𝘱𝘪𝘳𝘪𝘵. 🪵🐉 As Bitcoin enters the year of the Wood Dragon, its journey showcases the enduring qualities of its birth in the year of the Earth Rat. 𝗧𝗵𝗲 𝗯𝗹𝗲𝗻𝗱 𝗼𝗳 𝗶𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻, 𝘀𝘁𝗮𝗯𝗶𝗹𝗶𝘁𝘆, 𝗮𝗻𝗱 𝗴𝗿𝗼𝘄𝘁𝗵 𝗽𝗿𝗼𝘀𝗽𝗲𝗰𝘁𝘀 𝗽𝗼𝘀𝗶𝘁𝗶𝗼𝗻𝘀 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗳𝗼𝗿 𝗮 𝗽𝗼𝘁𝗲𝗻𝘁𝗶𝗮𝗹𝗹𝘆 𝘁𝗿𝗮𝗻𝘀𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝘃𝗲 𝗽𝗲𝗿𝗶𝗼𝗱, embodying the best traits of these powerful zodiac symbols. Remember to give this a 𝗟𝗶𝗸𝗲🤙, and celebrate the Chinese New Year by 𝗦𝗵𝗮𝗿𝗶𝗻𝗴🔄 this and 𝗕𝗼𝗼𝗸𝗺𝗮𝗿𝗸𝗶𝗻𝗴🔖 it for later (𝘵𝘩𝘦𝘯 𝘺𝘰𝘶’𝘭𝘭 𝘴𝘦𝘦 𝘪𝘧 𝘸𝘩𝘢𝘵 𝘪𝘵 𝘱𝘳𝘦𝘥𝘪𝘤𝘵𝘴 𝘧𝘰𝘳 𝘵𝘩𝘪𝘴 𝘺𝘦𝘢𝘳 𝘤𝘰𝘮𝘦𝘴 𝘵𝘳𝘶𝘦! 😉). What do you think about the Chinese New Year and its zodiac? Tell me in the 𝗖𝗼𝗺𝗺𝗲𝗻𝘁𝘀⬇️

𝗕𝗹𝗼𝗰𝗸𝗰𝗵𝗮𝗶𝗻 𝗼𝗿 𝗧𝗶𝗺𝗲𝗰𝗵𝗮𝗶𝗻? If you’re new to #Bitcoin, you’ve likely heard of “𝘣𝘭𝘰𝘤𝘬𝘤𝘩𝘢𝘪𝘯”, though you may not know what it is or how it works. And if you’ve come across the term “𝘵𝘪𝘮𝘦𝘤𝘩𝘢𝘪𝘯”, then you may be even more confused. Let’s sort this out👇 The prevalent term for Bitcoin’s distributed ledger is “𝘣𝘭𝘰𝘤𝘬𝘤𝘩𝘢𝘪𝘯”, yet the original name that Bitcoin's creator, Satoshi Nakamoto, gave it was “𝘵𝘪𝘮𝘦𝘤𝘩𝘢𝘪𝘯”. 𝗧𝗵𝗶𝘀 𝗳𝗼𝘂𝗻𝗱𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝘁𝗲𝗿𝗺 𝘂𝗻𝗱𝗲𝗿𝘀𝗰𝗼𝗿𝗲𝘀 𝘁𝗵𝗲 𝘀𝗲𝗾𝘂𝗲𝗻𝘁𝗶𝗮𝗹 𝗮𝗻𝗱 𝗶𝗺𝗺𝘂𝘁𝗮𝗯𝗹𝗲 𝗻𝗮𝘁𝘂𝗿𝗲 𝗼𝗳 𝘁𝗿𝗮𝗻𝘀𝗮𝗰𝘁𝗶𝗼𝗻𝘀 𝘄𝗶𝘁𝗵𝗶𝗻 𝗕𝗶𝘁𝗰𝗼𝗶𝗻, highlighting its progression through time as a one-way, irreversible system. A blockchain/timechain is not an especially disruptive technology or a “secret sauce” that somehow makes a system decentralized. In reality, 𝗶𝘁’𝘀 𝗻𝗼𝘁𝗵𝗶𝗻𝗴 𝗺𝗼𝗿𝗲 𝘁𝗵𝗮𝗻 𝗮 𝗹𝗲𝗱𝗴𝗲𝗿 𝗸𝗲𝗽𝘁 𝗯𝘆 𝗺𝘂𝗹𝘁𝗶𝗽𝗹𝗲 𝗰𝗼𝗺𝗽𝘂𝘁𝗲𝗿𝘀, which agree on each update whenever it’s time for a new “page”, or block, to be added to the ledger. "Blockchain" has become a generic descriptor for various projects with distributed ledgers, though it's essential to recognize that 𝗻𝗼𝘁 𝗮𝗹𝗹 𝗲𝗺𝗯𝗼𝗱𝘆 𝗕𝗶𝘁𝗰𝗼𝗶𝗻'𝘀 𝗰𝗼𝗿𝗲 𝗽𝗿𝗶𝗻𝗰𝗶𝗽𝗹𝗲𝘀, such as proof-of-work and decentralization. 𝘛𝘩𝘦 𝘵𝘦𝘳𝘮 "𝘵𝘪𝘮𝘦𝘤𝘩𝘢𝘪𝘯" 𝘪𝘴 𝘥𝘪𝘴𝘵𝘪𝘯𝘤𝘵, 𝘳𝘦𝘧𝘦𝘳𝘳𝘪𝘯𝘨 𝘴𝘱𝘦𝘤𝘪𝘧𝘪𝘤𝘢𝘭𝘭𝘺 𝘵𝘰 𝘉𝘪𝘵𝘤𝘰𝘪𝘯 𝘢𝘯𝘥 𝘪𝘵𝘴 𝘶𝘯𝘪𝘲𝘶𝘦 𝘢𝘵𝘵𝘳𝘪𝘣𝘶𝘵𝘦𝘴 𝘵𝘩𝘢𝘵 𝘦𝘯𝘴𝘶𝘳𝘦 𝘴𝘦𝘤𝘶𝘳𝘪𝘵𝘺 𝘢𝘯𝘥 𝘵𝘳𝘶𝘴𝘵. So while “𝘣𝘭𝘰𝘤𝘬𝘤𝘩𝘢𝘪𝘯” might dominate the discourse today, “𝘵𝘪𝘮𝘦𝘤𝘩𝘢𝘪𝘯” more accurately captures the essence and originality of Bitcoin, stressing the importance of its chronological, 𝘁𝗿𝘂𝗹𝘆 𝗶𝗿𝗿𝗲𝘃𝗲𝗿𝘀𝗶𝗯𝗹𝗲 𝘁𝗿𝗮𝗻𝘀𝗮𝗰𝘁𝗶𝗼𝗻𝘀 that distinguish it from all other cryptocurrencies. Was this helpful? Give it a 𝗟𝗶𝗸𝗲🤙 Think this might help someone else? 𝗦𝗵𝗮𝗿𝗲🔄 it with others. 𝗕𝗼𝗼𝗸𝗺𝗮𝗿𝗸🔖 this so you can reference it later. Which term do 𝘺𝘰𝘶 prefer, “blockchain” or “timechain”? Let me know in the 𝗖𝗼𝗺𝗺𝗲𝗻𝘁𝘀⬇️

𝗠𝘂𝗹𝘁𝗶𝘀𝗶𝗴 𝘃𝘀. 𝗦𝗽𝗹𝗶𝘁𝘁𝗶𝗻𝗴 𝗞𝗲𝘆𝘀 To truly own your bitcoin, you must custody your private key. This usually involves writing down a 12 or 24-word seed phrase, and keeping it offline where it’s safe from theft, flood, and fire. But what if it’s discovered? Is it safer to use multiple private keys connected to the same wallet, or to split up a single seed phrase into multiple pieces? Let’s explore this below👇 Multisignature, commonly referred to as 𝘮𝘶𝘭𝘵𝘪𝘴𝘪𝘨, is a method of 𝗱𝗶𝘀𝘁𝗿𝗶𝗯𝘂𝘁𝗶𝗻𝗴 𝗰𝗼𝗻𝘁𝗿𝗼𝗹 𝗼𝘃𝗲𝗿 𝗮 𝗯𝗶𝘁𝗰𝗼𝗶𝗻 𝘄𝗮𝗹𝗹𝗲𝘁 𝘂𝘀𝗶𝗻𝗴 𝗺𝘂𝗹𝘁𝗶𝗽𝗹𝗲 𝘄𝗵𝗼𝗹𝗲 𝗽𝗿𝗶𝘃𝗮𝘁𝗲 𝗸𝗲𝘆𝘀. So instead of one private key being used to control the asset, multiple private keys are required to sign, execute, and validate a transaction. The most common multisig implementation is a 2-of-3 scheme, where any 2 of the 3 private keys are needed to sign a valid transaction. In this setup, 𝘯𝘰𝘯𝘦 𝘰𝘧 𝘵𝘩𝘦 𝘬𝘦𝘺 𝘴𝘪𝘨𝘯𝘦𝘳𝘴 𝘯𝘦𝘦𝘥 𝘵𝘰 𝘱𝘳𝘰𝘷𝘪𝘥𝘦 𝘵𝘩𝘦𝘪𝘳 𝘱𝘳𝘪𝘷𝘢𝘵𝘦 𝘬𝘦𝘺 𝘵𝘰 𝘵𝘩𝘦 𝘰𝘵𝘩𝘦𝘳𝘴, allowing for trustless wallet management, even among a wallet’s co-owners. Contrasting that with splitting your private key into smaller pieces, 𝘢𝘯 𝘢𝘵𝘵𝘢𝘤𝘬𝘦𝘳 𝘤𝘰𝘶𝘭𝘥 𝘱𝘰𝘵𝘦𝘯𝘵𝘪𝘢𝘭𝘭𝘺 𝘢𝘤𝘤𝘦𝘴𝘴 𝘺𝘰𝘶𝘳 𝘤𝘰𝘪𝘯𝘴 𝘣𝘺 𝘰𝘣𝘵𝘢𝘪𝘯𝘪𝘯𝘨 𝘫𝘶𝘴𝘵 𝘰𝘯𝘦 𝘱𝘪𝘦𝘤𝘦, and then correctly guessing the rest. 𝗘𝘃𝗲𝗿𝘆 𝘄𝗼𝗿𝗱 𝘁𝗵𝗲𝘆 𝗵𝗮𝘃𝗲 𝗼𝗳 𝘆𝗼𝘂𝗿 𝘀𝗲𝗲𝗱 𝗽𝗵𝗿𝗮𝘀𝗲 𝗺𝗮𝗸𝗲𝘀 𝗶𝘁 𝗲𝘅𝗽𝗼𝗻𝗲𝗻𝘁𝗶𝗮𝗹𝗹𝘆 𝗲𝗮𝘀𝗶𝗲𝗿 𝘁𝗼 𝗴𝘂𝗲𝘀𝘀 𝘁𝗵𝗲 𝗿𝗲𝗺𝗮𝗶𝗻𝗶𝗻𝗴 𝘄𝗼𝗿𝗱𝘀, but that is not the case with multisig. It's important to note that multisig can be implemented at different levels, such as at the blockchain or consensus level — which provides the highest level of security — or by a particular application, which is far less secure. If the number of signers or authorization keys can be changed without a publicly-visible transaction on the blockchain, 𝘆𝗼𝘂'𝗿𝗲 𝘂𝘀𝗶𝗻𝗴 𝗮 𝗹𝗲𝘀𝘀 𝘀𝗲𝗰𝘂𝗿𝗲 𝗮𝗽𝗽𝗹𝗶𝗰𝗮𝘁𝗶𝗼𝗻-𝗽𝗼𝗹𝗶𝗰𝘆-𝗯𝗮𝘀𝗲𝗱 𝘀𝗲𝗿𝘃𝗶𝗰𝗲, where the authors of the application ultimately control the asset. Multisig offers several benefits, including increased security, as it requires multiple signatures to create a transaction, making it much more difficult for an attacker to compromise your wallet. Additionally, 𝗲𝗮𝗰𝗵 𝗽𝗲𝗿𝘀𝗼𝗻 𝗶𝗻𝘃𝗼𝗹𝘃𝗲𝗱 𝗶𝗻 𝘁𝗵𝗲 𝗺𝘂𝗹𝘁𝗶𝘀𝗶𝗴 𝗰𝗼𝗻𝗳𝗶𝗴𝘂𝗿𝗮𝘁𝗶𝗼𝗻 𝗵𝗮𝘀 𝘁𝗵𝗲𝗶𝗿 𝗼𝘄𝗻 𝗯𝗮𝗰𝗸𝘂𝗽, so if a key is lost or stolen, a new multisignature wallet can be created, and the other key holders can move the funds into the new wallet. Remember to give this a 𝗟𝗶𝗸𝗲🤙, 𝗦𝗵𝗮𝗿𝗲🔄 it with others, and 𝗕𝗼𝗼𝗸𝗺𝗮𝗿𝗸🔖 it for later.

𝗧𝗵𝗲 𝗻𝗲𝘅𝘁 #BitcoinHalving 𝗶𝘀 𝗰𝗼𝗺𝗶𝗻𝗴 𝘁𝗵𝗶𝘀 𝗔𝗽𝗿𝗶𝗹. This means the amount of new #bitcoin issued to the miners with each block will be 𝘩𝘢𝘭𝘷𝘦𝘥 from 6.25 bitcoin to 3.125 bitcoin. What makes this the 𝘮𝘰𝘴𝘵 important halving so far? The answer is found in bitcoin’s 𝘀𝘁𝗼𝗰𝗸-𝘁𝗼-𝗳𝗹𝗼𝘄 𝗿𝗮𝘁𝗶𝗼:

𝗪𝗵𝗮𝘁 𝗮𝗿𝗲 𝗨𝗧𝗫𝗢𝘀, 𝗮𝗻𝗱 𝗛𝗼𝘄 𝗦𝗵𝗼𝘂𝗹𝗱 𝗬𝗼𝘂 𝗠𝗮𝗻𝗮𝗴𝗲 𝗧𝗵𝗲𝗺? Unspent Transaction Outputs (UTXOs) are the bedrock of Bitcoin's transaction model. 𝘛𝘩𝘦𝘺 𝘳𝘦𝘱𝘳𝘦𝘴𝘦𝘯𝘵 𝘵𝘩𝘦 𝘢𝘮𝘰𝘶𝘯𝘵 𝘰𝘧 𝘣𝘪𝘵𝘤𝘰𝘪𝘯 𝘵𝘩𝘢𝘵 𝘢𝘯 𝘢𝘥𝘥𝘳𝘦𝘴𝘴 𝘩𝘢𝘴 𝘳𝘦𝘤𝘦𝘪𝘷𝘦𝘥 𝘣𝘶𝘵 𝘩𝘢𝘴 𝘯𝘰𝘵 𝘺𝘦𝘵 𝘴𝘱𝘦𝘯𝘵. Each bitcoin transaction consumes UTXOs as inputs and creates new ones as outputs; this is how bitcoin moves between addresses. 𝗠𝗮𝗻𝗮𝗴𝗶𝗻𝗴 𝗨𝗧𝗫𝗢𝘀 𝗲𝗳𝗳𝗶𝗰𝗶𝗲𝗻𝘁𝗹𝘆 𝗶𝘀 𝗰𝗿𝘂𝗰𝗶𝗮𝗹 𝗳𝗼𝗿 𝗯𝗼𝘁𝗵 𝗽𝗿𝗶𝘃𝗮𝗰𝘆 𝗮𝗻𝗱 𝘁𝗿𝗮𝗻𝘀𝗮𝗰𝘁𝗶𝗼𝗻 𝗳𝗲𝗲𝘀. Large sets of small UTXOs can lead to higher fees when spending, as more UTXOs mean more data, and more data means a larger transaction size. Conversely, fewer and larger UTXOs can reduce fees and improve privacy by minimizing transaction linkability. Consolidation is the process of combining many small UTXOs into fewer larger ones. 𝘛𝘩𝘪𝘴 𝘪𝘴 𝘣𝘦𝘴𝘵 𝘥𝘰𝘯𝘦 𝘥𝘶𝘳𝘪𝘯𝘨 𝘱𝘦𝘳𝘪𝘰𝘥𝘴 𝘰𝘧 𝘭𝘰𝘸 𝘯𝘦𝘵𝘸𝘰𝘳𝘬 𝘤𝘰𝘯𝘨𝘦𝘴𝘵𝘪𝘰𝘯 𝘵𝘰 𝘮𝘪𝘯𝘪𝘮𝘪𝘻𝘦 𝘧𝘦𝘦𝘴. Thoughtful UTXO management can significantly reduce future transaction costs and enhance transactional privacy. The essence of UTXOs and their management is captured clearly in @Samson Mow’s analogy below. Just as it's cumbersome to carry and count quarters for transactions, 𝗶𝘁'𝘀 𝗶𝗻𝗲𝗳𝗳𝗶𝗰𝗶𝗲𝗻𝘁 𝘁𝗼 𝗺𝗮𝗻𝗮𝗴𝗲 𝗮 𝘄𝗮𝗹𝗹𝗲𝘁 𝗳𝘂𝗹𝗹 𝗼𝗳 𝘀𝗺𝗮𝗹𝗹 𝗨𝗧𝗫𝗢𝘀. Consolidating them into larger amounts when transaction fees are low simplifies transactions, reduces future fees, and takes up less of the limited space in each block.

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Samson Mow (@Excellion) on X

UTXO Management for Dummies: If everyone pays you in quarters you’ll have to lug around a big heavy bag. It’ll also cost you more time to spend...

𝗛𝗼𝘄 𝘁𝗼 𝗨𝘀𝗲 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗣𝗿𝗶𝘃𝗮𝘁𝗲𝗹𝘆 It’s well-known that Bitcoin runs on an open ledger called the timechain, though commonly known as the blockchain. While this ledger is visible to anyone, 𝘪𝘵 𝘥𝘰𝘦𝘴 𝘯𝘰𝘵 𝘤𝘰𝘯𝘵𝘢𝘪𝘯 𝘢𝘯𝘺 𝘪𝘯𝘧𝘰𝘳𝘮𝘢𝘵𝘪𝘰𝘯 𝘳𝘦𝘨𝘢𝘳𝘥𝘪𝘯𝘨 𝘵𝘩𝘦 𝘪𝘥𝘦𝘯𝘵𝘪𝘵𝘪𝘦𝘴 𝘰𝘧 𝘦𝘪𝘵𝘩𝘦𝘳 𝘴𝘦𝘯𝘥𝘦𝘳𝘴 𝘰𝘳 𝘳𝘦𝘤𝘦𝘪𝘷𝘦𝘳𝘴. It is sometimes possible, however, to deduce who sent bitcoin to whom, based on a few clues that centralized exchanges will know, due to “Know Your Customer” (KYC) laws. 𝗡𝗼 𝗽𝗿𝗶𝘃𝗮𝗰𝘆 𝘀𝗼𝗹𝘂𝘁𝗶𝗼𝗻 𝗶𝘀 𝗽𝗲𝗿𝗳𝗲𝗰𝘁, but here are some things you can do to use bitcoin more privately.👇 To enhance your anonymity in the realm of Bitcoin, it's crucial to 𝘂𝘀𝗲 𝗮 𝗻𝗲𝘄 𝗮𝗱𝗱𝗿𝗲𝘀𝘀 𝗲𝗮𝗰𝗵 𝘁𝗶𝗺𝗲 𝘆𝗼𝘂 𝗿𝗲𝗰𝗲𝗶𝘃𝗲 𝗯𝗶𝘁𝗰𝗼𝗶𝗻. 𝘛𝘩𝘪𝘴 𝘱𝘳𝘢𝘤𝘵𝘪𝘤𝘦 𝘱𝘳𝘦𝘷𝘦𝘯𝘵𝘴 𝘵𝘩𝘦 𝘭𝘪𝘯𝘬𝘢𝘣𝘪𝘭𝘪𝘵𝘺 𝘰𝘧 𝘵𝘳𝘢𝘯𝘴𝘢𝘤𝘵𝘪𝘰𝘯𝘴 𝘵𝘰 𝘢 𝘴𝘪𝘯𝘨𝘭𝘦 𝘰𝘸𝘯𝘦𝘳. By ensuring each address is used only once, users significantly bolster their on-chain privacy. Another effective method is the utilization of 𝗖𝗼𝗶𝗻𝗝𝗼𝗶𝗻𝘀. Protocols like JoinMarket and PayJoins, and platforms like Wasabi and Samourai offer the ability to mix coins (UTXOs) and their histories from multiple users. 𝘛𝘩𝘪𝘴 𝘮𝘪𝘹𝘪𝘯𝘨 𝘱𝘳𝘰𝘤𝘦𝘴𝘴 𝘦𝘧𝘧𝘦𝘤𝘵𝘪𝘷𝘦𝘭𝘺 𝘰𝘣𝘴𝘤𝘶𝘳𝘦𝘴 𝘵𝘩𝘦 𝘵𝘳𝘢𝘪𝘭𝘴 𝘭𝘦𝘢𝘥𝘪𝘯𝘨 𝘣𝘢𝘤𝘬 𝘵𝘰 𝘵𝘩𝘦 𝘰𝘳𝘪𝘨𝘪𝘯𝘢𝘭 𝘰𝘸𝘯𝘦𝘳𝘴, making it difficult to trace transactions to a particular individual. It's also important to 𝗮𝘃𝗼𝗶𝗱 𝗰𝗲𝗻𝘁𝗿𝗮𝗹𝗶𝘇𝗲𝗱 𝗲𝘅𝗰𝗵𝗮𝗻𝗴𝗲𝘀, wherever possible. These platforms often require extensive Know Your Customer (KYC) procedures, creating a significant privacy risk. Decentralized exchanges like Bisq and RoboSats are preferable alternatives, as 𝘵𝘩𝘦𝘺 𝘵𝘺𝘱𝘪𝘤𝘢𝘭𝘭𝘺 𝘳𝘦𝘲𝘶𝘪𝘳𝘦 𝘯𝘰 𝘱𝘦𝘳𝘴𝘰𝘯𝘢𝘭 𝘪𝘯𝘧𝘰𝘳𝘮𝘢𝘵𝘪𝘰𝘯. 𝗥𝘂𝗻𝗻𝗶𝗻𝗴 𝘆𝗼𝘂𝗿 𝗼𝘄𝗻 𝗳𝘂𝗹𝗹 𝗻𝗼𝗱𝗲 is another step towards privacy. By doing so, 𝘺𝘰𝘶 𝘢𝘷𝘰𝘪𝘥 𝘳𝘦𝘭𝘺𝘪𝘯𝘨 𝘰𝘯 𝘵𝘩𝘪𝘳𝘥-𝘱𝘢𝘳𝘵𝘺 𝘴𝘦𝘳𝘷𝘦𝘳𝘴, which can link transactions to your IP address. Operating a full node ensures that your transactions are verified independently, keeping your online activity within your control. Implementing 𝗺𝘂𝗹𝘁𝗶-𝘀𝗶𝗴𝗻𝗮𝘁𝘂𝗿𝗲 𝘄𝗮𝗹𝗹𝗲𝘁𝘀 adds an additional layer of security and privacy. These wallets require multiple keys to authorize a transaction, 𝘮𝘢𝘬𝘪𝘯𝘨 𝘪𝘵 𝘮𝘰𝘳𝘦 𝘤𝘩𝘢𝘭𝘭𝘦𝘯𝘨𝘪𝘯𝘨 𝘵𝘰 𝘵𝘳𝘢𝘤𝘦 𝘵𝘳𝘢𝘯𝘴𝘢𝘤𝘵𝘪𝘰𝘯𝘴 𝘣𝘢𝘤𝘬 𝘵𝘰 𝘢 𝘴𝘪𝘯𝘨𝘭𝘦 𝘶𝘴𝘦𝘳, while also adding another security layer to your holdings. Using tools like 𝗧𝗼𝗿 𝗮𝗻𝗱 𝗩𝗣𝗡𝘀 to mask your IP address while transacting adds an extra layer of privacy. 𝘛𝘩𝘪𝘴 𝘱𝘳𝘢𝘤𝘵𝘪𝘤𝘦 𝘱𝘳𝘦𝘷𝘦𝘯𝘵𝘴 𝘱𝘰𝘵𝘦𝘯𝘵𝘪𝘢𝘭 𝘰𝘣𝘴𝘦𝘳𝘷𝘦𝘳𝘴 𝘧𝘳𝘰𝘮 𝘢𝘴𝘴𝘰𝘤𝘪𝘢𝘵𝘪𝘯𝘨 𝘺𝘰𝘶𝘳 𝘐𝘗 𝘢𝘥𝘥𝘳𝘦𝘴𝘴 𝘸𝘪𝘵𝘩 𝘺𝘰𝘶𝘳 𝘣𝘪𝘵𝘤𝘰𝘪𝘯 𝘵𝘳𝘢𝘯𝘴𝘢𝘤𝘵𝘪𝘰𝘯𝘴, thereby safeguarding your online identity. Finally, 𝗯𝗲 𝘄𝗮𝗿𝘆 𝗼𝗳 𝗺𝗲𝘁𝗮𝗱𝗮𝘁𝗮. Often overlooked, the information revealed by checking mempool.space or posting transaction info in an online discussion 𝘤𝘢𝘯 𝘪𝘯𝘢𝘥𝘷𝘦𝘳𝘵𝘦𝘯𝘵𝘭𝘺 𝘤𝘰𝘯𝘯𝘦𝘤𝘵 𝘺𝘰𝘶 𝘸𝘪𝘵𝘩 𝘢 𝘴𝘱𝘦𝘤𝘪𝘧𝘪𝘤 𝘵𝘳𝘢𝘯𝘴𝘢𝘤𝘵𝘪𝘰𝘯. Caution in this area is essential to maintain complete privacy in your bitcoin transactions. When these practices are diligently followed, 𝘵𝘩𝘦𝘺 𝘰𝘧𝘧𝘦𝘳 𝘢 𝘳𝘰𝘣𝘶𝘴𝘵 𝘧𝘳𝘢𝘮𝘦𝘸𝘰𝘳𝘬 𝘧𝘰𝘳 𝘮𝘢𝘪𝘯𝘵𝘢𝘪𝘯𝘪𝘯𝘨 𝘱𝘳𝘪𝘷𝘢𝘤𝘺 𝘪𝘯 𝘵𝘩𝘦 𝘦𝘷𝘦𝘳-𝘦𝘷𝘰𝘭𝘷𝘪𝘯𝘨 𝘸𝘰𝘳𝘭𝘥 𝘰𝘧 𝘉𝘪𝘵𝘤𝘰𝘪𝘯. Each step plays a crucial role in safeguarding your identity and financial autonomy in the digital age. Give this a 𝗟𝗶𝗸𝗲🤙 and a 𝗦𝗵𝗮𝗿𝗲🔄, and 𝗕𝗼𝗼𝗸𝗺𝗮𝗿𝗸🔖 this for when you need it. What other privacy methods are there? Share them in the 𝗖𝗼𝗺𝗺𝗲𝗻𝘁𝘀⬇️

𝗜𝘀 #Bitcoin 𝗵𝗮𝗿𝗺𝗳𝘂𝗹 𝘁𝗼 𝘁𝗵𝗲 𝗲𝗻𝘃𝗶𝗿𝗼𝗻𝗺𝗲𝗻𝘁? No. In fact, it’s very 𝘣𝘦𝘯𝘦𝘧𝘪𝘤𝘪𝘢𝘭 to the environment. Here’s why👇

𝗕𝗶𝘁𝗰𝗼𝗶𝗻’𝘀 𝗣𝗿𝗶𝗰𝗲 𝗖𝗮𝗻 𝗜𝗻𝗰𝗿𝗲𝗮𝘀𝗲 𝙈𝙪𝙘𝙝 𝗙𝗮𝘀𝘁𝗲𝗿 𝗧𝗵𝗮𝗻 𝗬𝗼𝘂 𝗧𝗵𝗶𝗻𝗸 𝘠𝘰𝘶’𝘳𝘦 𝘭𝘪𝘬𝘦𝘭𝘺 𝙛𝙖𝙧 𝘵𝘰𝘰 𝘣𝘦𝘢𝘳𝘪𝘴𝘩. Here’s why.👇 Many analysts and enthusiasts attempt to forecast Bitcoin's future price by dividing Bitcoin’s total potential market capitalization — all the money that will soon flow into Bitcoin — by its maximum supply of 21 million. However, this method overlooks one crucial factor: 𝙏𝙝𝙚 𝙖𝙘𝙩𝙪𝙖𝙡 𝙖𝙢𝙤𝙪𝙣𝙩 𝙤𝙛 𝙗𝙞𝙩𝙘𝙤𝙞𝙣 𝙖𝙫𝙖𝙞𝙡𝙖𝙗𝙡𝙚 𝙤𝙣 𝙚𝙭𝙘𝙝𝙖𝙣𝙜𝙚𝙨 𝙞𝙨 𝙛𝙖𝙧 𝙡𝙚𝙨𝙨 𝙩𝙝𝙖𝙣 𝙩𝙝𝙚 𝙩𝙤𝙩𝙖𝙡 𝙨𝙪𝙥𝙥𝙡𝙮. Estimating the exact number of bitcoin on exchanges is challenging, due to the decentralized and often private nature of transactions. But it's clear that the actual figure is a 𝘴𝘮𝘢𝘭𝘭 𝘧𝘳𝘢𝘤𝘵𝘪𝘰𝘯 of the total supply. This scarcity, coupled with increasing demand, suggests that current estimations of Bitcoin's future price might be extremely conservative. The amount of bitcoin available for sale is important because it represents the supply that can be bought at that time, as long as exchanges are honest and aren’t selling paper bitcoin “IOUs”. 𝗔 𝗹𝗮𝗿𝗴𝗲 𝗽𝗼𝗿𝘁𝗶𝗼𝗻 𝗼𝗳 𝗕𝗶𝘁𝗰𝗼𝗶𝗻'𝘀 𝘁𝗼𝘁𝗮𝗹 𝘀𝘂𝗽𝗽𝗹𝘆 𝗶𝘀 𝗲𝗶𝘁𝗵𝗲𝗿 𝗹𝗼𝘀𝘁, 𝗵𝗲𝗹𝗱 𝗶𝗻 𝗹𝗼𝗻𝗴-𝘁𝗲𝗿𝗺 𝘀𝘁𝗼𝗿𝗮𝗴𝗲, 𝗼𝗿 𝗻𝗼𝘁 𝗳𝗼𝗿 𝘀𝗮𝗹𝗲 𝗮𝘁 𝗮𝗻𝘆 𝗽𝗿𝗶𝗰𝗲. This significantly reduces the available supply, and makes any purchase that more effective at moving the price skyward. Bitcoin’s current location on its adoption curve shows that it’s on its way to becoming a predominant store of value and medium of exchange, free from censorship, debasement, and top-down manipulation. If demand for a money with these qualities continues to grow, and if Bitcoin takes even a 𝘧𝘳𝘢𝘤𝘵𝘪𝘰𝘯 of the global monetary base, the valuation could reach astronomical figures. So when considering Bitcoin's future price, 𝘪𝘵'𝘴 𝘦𝘴𝘴𝘦𝘯𝘵𝘪𝘢𝘭 𝘵𝘰 𝘧𝘰𝘤𝘶𝘴 𝘰𝘯 𝘵𝘩𝘦 𝘦𝘧𝘧𝘦𝘤𝘵𝘪𝘷𝘦 𝘴𝘶𝘱𝘱𝘭𝘺 𝘢𝘷𝘢𝘪𝘭𝘢𝘣𝘭𝘦 𝘰𝘯 𝘦𝘹𝘤𝘩𝘢𝘯𝘨𝘦𝘴 𝘳𝘢𝘵𝘩𝘦𝘳 𝘵𝘩𝘢𝘯 𝘵𝘩𝘦 𝘵𝘰𝘵𝘢𝘭 𝘴𝘶𝘱𝘱𝘭𝘺. This approach paints a much more bullish picture of Bitcoin's potential valuation than most people are willing to see, and demonstrates just how early we all are. Bullish enough for you?😏 Give this a 𝗟𝗶𝗸𝗲🤙 and a 𝗦𝗵𝗮𝗿𝗲🔄, and 𝗕𝗼𝗼𝗸𝗺𝗮𝗿𝗸🔖 this to look back on later. Why are 𝘺𝘰𝘶 bullish on Bitcoin? Tell me in the 𝗖𝗼𝗺𝗺𝗲𝗻𝘁𝘀⬇️