Life cycle of a DCA transaction...
When your filthy bank releases your government tyranny tokens to your exchange after a malicious 24 hour hold (for your safety), the price of bitcoin pamps 10% moments before the tyrannical coins are shown in your Coinbase account.
You then no-look insta smash yolo market buy bitcoin.
But there's a problem...
Your Coinbase account page shows a bitcoin balance, but you're not looking at bitcoin, you're looking at Coinbase's database entry of what they owe you. So the job isn't finished.
You will withdraw, and then after you prove you have access to your email, and you're not using Tor, and you complete a captcha, and log in to authenticator and enter numbers, and then a phone text confirmation, THHHEEENN, Coinbase employees will go to their ParmanodL laptop and locate a UTXO from their watching wallet, and then make a transaction to your bitcoin address, and then export the tx to their ParmAirGap machine for signing, which then returns the signed transaction back to the ParmanodL transaction/node latop, and broadcasts the signed transactions to it's own bitcoin Knots server (on the same machine).
The node then shares the unconfirmed transaction to other nodes, and they "gossip" share it to all the other nodes in the world.
Eventually, your Datum instance on your ParmanodL machine will fashion from its filtered mempool a potential block and include your incoming transaction. One of your BitAxes will then mine the block and win.
It will then gossip the winning block before other miners claim victory, and all the nodes in the world will update their "tip" block. All miners will then attempt to win the next block.
You mining address will be paid a bit over 3.125 bitcoin which is allowed to be spent after 100 blocks, congratulations 🎉, but also in that winning block is the transaction that Coinbase paid your address.
Your ParmanodL laptop that has Sparrow open, and syncing with your fulcrum/electrs server, which syncs to your bitcoin Knots blockchain (all on the same machine), will notice the new payment in the fulcrum/electrs database and Sparrow will show the new bitcoin in your wallet.
Feeling deep and unshakable satisfaction, you then close all the apps, and leave the laptop open, connected to power, monitor dimmed, so that Knots running in the background will stay up to date, and go outside to touch grass, as they say.
You know you can totally shut it down, but you prefer leaving it on as is ready instantly when you need it, and you will for your mentoring video meeting with Parman next morning.
Tomorrow, you will do it all again.
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Replies (4)
wholesome
nostr:npub1gdfr0r0an32jalqryqlvpn3gsef2hu832wv6kp5p2gt2aqa2n8yqd42ffw
You should write e a Parmabook too.
Smooth. Would be fascinating to somehow see a visual representation of this! 80IQ pleb here.✌️