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Finney21
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#Bitcoin Consulting Firm [est.801408]
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Finney21 2 years ago
P01 notes session 10.11.23 Hardware wallet review: Jade by Blockstream -- - Fully open source hardware and software. Gold standard that is rarely met in the HWW industry - Affordable compared to alternative products. Uses commodity hardware - Simple to use, great support, compatible with Blockstream Green, Sparrow, Nunchuk, Specter - QR scan, BIP85, duress pin - Fully air gapped. Enables sending bitcoin without connecting to the internet - Immune to physical key extraction from device alone (virtual secure element with 3 secrets - Jade secret on device, pin, remote blind oracle) - DIY-able (firmware can be installed on inexpensive, off the shelf hardware - Can be used as a 2FA device - Can mine bitcoin (cool but not profitable)
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Finney21 2 years ago
We chose to name our team after this Legend. Never forgotten, eternally grateful image
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Finney21 2 years ago
P01 notes session 10.10.23 Report: The Lightning Network grew by 1212% in 2 years by @River -- The number of users, transactions and volume on lightning have been accelerating significantly over the past years 6.6 million routed Lightning txs in August 2023 (lower bound estimate) 1212% growth since the 503k tx estimate for August 2021 This growth was despite a 44% bitcoin price drop and 45% decrease in search interest Avg Lightning tx size of 45k sats ($11.84) in Aug 2023 Lightning is extending Bitcoins utility by enabling low value payments over the internet Est. ratio of 1:8 non-custodial to custodial Lightning users 173 companies in the Lightning industry across 28 categories Lightning enables millions of people to trustlessly and instantly move money back and forth without having to settle each tx on the Bitcoin blockchain It has been 7 years since the Lightning Network Whitepaper was published There is no way to identify all private nodes on the Lightning network An estimated 70-80% of Bitcoin users have their funds on exchanges today 21min Pgs 1-10
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Finney21 2 years ago
P01 notes session 10.9 Report: #Bitcoin First Revisited by Fidelity Digital Bitcoin is the only digotal asset that matters. It is fundamentally different than all other digital tokens in its security and decentralization It is not vulnerable to innovative destruction from competitors bitcoin the asset vs Bitcoin the network Bitcoin is best understood as a monetary good A monetary good is a good that is valued for its tradeability for other goods, not its consumption or use Bitcoin is superior money to gold and fiat currency based on properties of durability, divisibility, fungibility, portability, verifiability, and scarcity Bitcoin's value is driven by its enforceable scarcity of 21 million bitcoin Unlike gold which is relatively scarce, bitcoin is provably finite There will only ever be 21 million bitcoin Two key characteristics underpin the scarcity of bitcoin: decentralization & censorship resistance Bitcoin has promising potential to be the primary monetary good for humanity The value of a network increases exponentially as the number of its users grow Monetary network effects are extremely powerful Bitcoin is the first and only truly scarce digital asset ever created Any subsequent monetary good will be reinventing the wheel. The wheel can only be invented/discovered once 21 min Pg 1-7 #finney21 #bitcoin
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Finney21 2 years ago
Gradually then SUDDENLY #Bitcoin is portfolio insurance for suddenly moments Our spidey senses smell suddenly Brace for impact Suffer well It's gonna be way better in the new world
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Finney21 2 years ago
The halving is programmed but not priced in Act accordingly Study & Buy #Bitcoin
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Finney21 2 years ago
Client 001, project 001 Draft letters for clients and contractors to communicate #bitcoin as new payment option and why it is preferred over digital fiat and cash Price for work: 840,000 sats Block: 811267
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Finney21 2 years ago
v1.0 website is now officially live www.Finney21.com
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Finney21 2 years ago
A firm of 21 professional consultants v1.0 of our specialty roster: Health: 1. Musculoskeletal 2. Internal systems 3. Mental & emotional Bitcoin: 4. Institutional 5. Small business 6. Personal self custody 7. Exchange 8. Software (wallets) 9. Software (coding) 10. Mining 11. Energy 12. Key management 13. Node 14. Lightning 15. Legal 16. Accounting 17. Admin 18. Relationships 19. Collateralized loans 20. Collaborative custody 21. Research
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Finney21 2 years ago
SATurdays are for studying #Bitcoin
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Finney21 2 years ago
WHY does Finney21 exist? To accelerate the transition to scarce money (aka #Bitcoin)