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AmericanHacker
AmericanHacker@primal.net
npub1c3a7...yjd9
I’m an ethical hacker and cryptocurrency enthusiast from the United States of America Node runner Sat stacker
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AmericanHacker 5 months ago
#Bitcoin lesson of the day ... "... the technical accomplishment that is Bitcoin ... there can only ever be 21 million bitcoins in existence. There is no technical possibility for increasing the supply to match the increased demand. Should more people demand to hold Bitcoin, the only way to meet the demand is through appreciation of the existing supply. Because each Bitcoin is divisible into 100 million satoshis, there is plenty of room for growth of Bitcoin through the use of ever-smaller units of it as the value appreciates. This creates a new type of asset well-suited for playing the role of store of value. - The Bitcoin Standard
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AmericanHacker 5 months ago
#Bitcoin lesson of the day ... The only way to own bitcoins is to have control of the private keys. Should someone manage to gain access to your private keys, they have your bitcoins. Theft of private keys is like theft of physical dollars or gold; it is final and irreversible. There is no authority you can call to rescind the theft. This is an unavoidable part of Bitcoin being cash and an important point that potential investors in Bitcoin need to understand full well before putting any sum of money into Bitcoin. Securing the private keys is not a simple task, and not being able to secure them is very risky. - The Bitcoin Standard
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AmericanHacker 5 months ago
"The only way for the market to meet the growing demand is for the price to rise enough to incentivize the holders to sell some of their coins to the newcomers." - The #Bitcoin Standard
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AmericanHacker 5 months ago
For those of you who can't afford or get your hands on a @Start9 spin up a virtual machine, see Paul Lamb's video for the how - It's doable (hypothetically speaking of course) 😉 Keep on stackin' #Bitcoin