i have learned so many things against my will for this job tbh
Login to reply
Replies (22)
How does it work? Please tell
Same here
This is how it works
Wallet of Satoshi = Bitcoin Bank Acct
Phoenix Wallet = Self Custody for small amounts of Bitcoin
Everyone is in charge of their own money on a bitcoin standard.
There are cards you can get that have it, I've used one before. Or certain shops in cities you scan your wallet holding bitcoin on your phone to pay, say for a coffee. Is very cool. Vancouver implemented it a few years ago, but that was only city here I noticed it
Wallet of Satoshi = cash in pocket that could be lost
Pheonix = cash in jar at home
Coldcard = vault at home
Multi-sig cold storage = vault in secret, undisclosed location
thats so cool. it feels faker than other money to me and thats saying something. but all money is fake so. i think its just this is my first real experience with it and here it almost feels gamified
Wallet of satoshi is a custodial wallet, meaning the private keys are kept by the software company that developed that wallet. Theoretically, this company can seize your bitcoin if the government orders it to do so. Other non custodial wallets, for example phoenix wallet, muun wallet, you keep your own fund, private keys. Nobody can take it.
Bitcoin is like Nostr except with money.
&View quoted note β
Cyborg do you have anything to add here?
Imagine how people felt when they stopped trading chickens/cows/whatever, for this funny money called gold, coins, cash, then cards π
π« π« π«
right !!
If you guys like listening to audio books or reading paper books Iβd recommend checking out The Bitcoin Standard. Could give you some insight into Why Bitcoin and understanding more about the history of money. Itβs actually an interesting book.
Great thank you π
Tell me more
This is how I zap... its not good for me.
don't love it till you try it, rinse, repeat!
nobody or everybody, in a sense, effectively save result
Pointing people to Coldcard is meh but I like all these analogies!
The user experience of someone who wants to take self custody is trash using Coldcard.
If you use Seedsigner, foundation Passport, blockstream Jade,
Any one of those interacts with QR codes which pairs perfectly with your smartphone as well as any laptop.
You get amazing security and awesome intuitive user experiences with the other devices.
Also it's not actually open source and the others are so supporting the other projects = supporting Bitcoin self custody ecosystem directly.