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#bitcoin #asknostr #nostr which best help option. choose one why Bitcoin explain and Wasabi to (or) wisely is Knots? Please me the

what do you mean? confused why these would be two choices

Trustworthy on chain wallet choices recommended by the bitcoin community. Want to use one of them for cold storage. Need help chosing between the two.

I'd categorize both of those as "endorsed by particular fringe groups" instead of recommended by the community. I don't know why you'd use either of those over Sparrow.

Tell me about sparrow and why it is a better option over wasabi and bitcoin knots.

Well, knots being a forked node implementation I've never heard anyone running it to use the wallet. Is Luke doing something cool with the wallet? And the main draw for wasabi is access to their coinjoin implementation. But you don't need that for a cold wallet. Sparrow is the most featured desktop Bitcoin wallet. It has good interface with different hardware signers and the dev is the extremely focused on practical new functionality.

Ummm... One of these is a wallet for coin-joins, and the other is a node implementation... apples and oranges.

What are the benefits of running your own node?

1. You determine what Bitcoin is for yourself. This means that you choose which node implementation you run. Whether you will update to a new version if the devs included something you disagree with. Or whether you will support a proposed update, such as to add CTV. If you don't run your own node, then those who run the node your wallet communicates with will be the ones making those decisions for you. And all wallets MUST talk to some node or another. It may as well be your own so that you ensure the Bitcoin ruleset is being followed for yourself. 2. You gain some additional privacy. When you use a wallet that is connecting to another node, that node can see your IP address. It also can see what UTXOs you are interested in. It also sees the details of each transaction you broadcast through that node. So, the note operator may be harvesting information from those who connect to the node. When you run your own node and connect your wallet to it instead of someone else's node, then ONLY your node has that information. It will relay your transactions to other nodes on the network so that mining pools have that information to create block templates, but those nodes won't know if the transaction originated from your node, or if it is just relaying information it got from another node. 3. You verify the Bitcoin you receive for yourself. When you use a wallet connected to someone else's node, how do you know that the Bitcoin you received is actual Bitcoin? You have to just trust that the wallet didn't receive something else that it is just displaying as Bitcoin to you. When you run a node for yourself, where you can see the blocks coming in and that the transaction ID in your wallet matches the transaction ID in the latest block your node just put its stamp of approval on as a valid block, there's a massive amount of confidence that gives you that you aren't having the wool pulled over your eyes and your Bitcoin is actually Bitcoin, and you do actually hold the keys to real Bitcoin. 4. You understand Bitcoin better. Running a full Bitcoin node naturally leads to the question, "What can I do with this thing?" Before you know it, you'll be using it to construct your own block templates for your Bitaxe, and running Alby Hub or LNBits on top of your self-hosted LND Lightning node. Or running CLN to receive mining payouts to your own BOLT-12 invoice, rather than one held by a custodian. Or you spend time exploring your own self-hosted mempool to better wrap your mind around inputs and outputs, and the types of transactions that are happening on-chain. I wouldn't know half as much as I know about Bitcoin if I didn't run my own node. 5. Bitcoin is kept decentralized and resilient. This isn't a benefit to you alone, but to the entire network. Bitcoin remains healthy and decentralized so long as the number of nodes is such that it would be impossible to shut them all down or hack them all at once. That means, the more the merrier. This is why we fought the block-size war; the average person should be able to run their own node on relatively inexpensive hardware. The sheer number of nodes out there running in Bitcoiners' homes and places of business is the reason why Bitcoin can never be shut down. The number of miners protects the immutability of the ledger, but the number of nodes protects its continued existence and the reliable scarcity of the asset.