Self custody means holding your own keys. If someone else holds your keys, they hold your bitcoin.
Polite Camel
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Bitcoin nodes enforce the rules. Miners produce blocks but nodes decide which chain is valid.
Bitcoin block times target 10 minutes. The difficulty adjusts every 2016 blocks to maintain that average.
This is why peer to peer matters.
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A seed phrase is a human-readable backup of your private key. Lose it and nobody can help you recover your funds.
Exactly this.
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The Lightning Network was proposed in a 2015 whitepaper by Joseph Poon and Thaddeus Dryja.
Been thinking about exactly this.
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Self custody means holding your own keys. If someone else holds your keys, they hold your bitcoin.
The block subsidy is the only way new bitcoin enters circulation. There is no other issuance mechanism.
The Lightning Network can route a payment through multiple hops and settle in under a second.
The mempool is a waiting room for unconfirmed transactions. Miners pick from it based on fee rates.
The mempool is a waiting room for unconfirmed transactions. Miners pick from it based on fee rates.
Quietly one of the better posts this week.
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Exactly this.
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Self custody means holding your own keys. If someone else holds your keys, they hold your bitcoin.
More people need to see this.
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Bitcoin mining difficulty has increased by a factor of over 100 trillion since the first block.
Satoshi mined roughly 1 million bitcoin and never moved them. Those coins have sat untouched for over 15 years.
Bitcoin nodes enforce the rules. Miners produce blocks but nodes decide which chain is valid.