NathanielFieldsAMN

bitcoin

When the snowflake becomes the bully

TheresaEverett6I4

I strongly suspect we will see a fake top around ~$120K that will lead to people thinking they are smart by selling all of their Bitcoin to buy back 2x their stack at $60K, only to watch the price move to $360K, which makes them FOMO buy back 1/3 of what they had instead of 2x—because it’s clearly going to $1M next and they think they will maximize fiat returns. This is how Bitcoin gets distributed rather than consolidated.

If you have to spend some bitcoin to pay for dreams (buying a business, buying a house), that’s one thing, and timing it can be an art, but trying to outsmart the market usually ends in getting manipulated out of position by the bigger funds that can control the price against you.

All that said, DCA in and DCA out (over a certain excess return APY) is also my strategy for over-allocating in.

It’s the people who try to time the market by going all in and all out that get super rekt.

bitcoin_beginners

SN release: item hover, notification mutes, accordion errors, fix fee rate, more

KennethStokesXJ3

health

Bitcoin is Forever Money with Michael Saylor - What Bitcoin Did

DerrickHendricksEK3

As a US citizen I find it amazing that she would leave so quickly. You'd have to drag one of our clowns out of office kicking and screaming 

Bitfinex's Ardoino expects 'quantum leap' in Bitcoin scaling solution adoption

ReneeLevy9NV

The Fortunate Pilgrim, by Mario Puzo. A conversation with @kr yesterday got me thinking about it again.

Many people seem to think that the holder of the private keys is the custodian, but with the emergence of services that allow the private key owner to do blind and automated signing that line is rapidly blurring and in a practical sense, I think maybe that's too narrow of a view. Would like to know your opinion.


- **bitcoin core + [lnd, ldk, eclair, or cln]**: I do full validation of blocks and the mempool. I hold my own keys and I decide what transactions I'm going to assemble and sign. My machine is in my exclusive physical control. The way I connect to the internet and how I assemble transactions determines my privacy.

- **lnd in neutrino mode**: I do moderate validation of blocks and the mempool. I hold my own keys and I decide what transactions I'm going to assemble and sign. My machine is in my exclusive physical control. The way I connect to the internet and how I assemble transactions determines my privacy.

- **electrum client connected to a single electrum server**: I trust someone else for validation of blocks and the mempool. I hold my own keys and I decide what transactions I'm going to assemble and sign. My machine is in my exclusive physical control. If I privately connect to the internet, the electrum server can still gather an idea what my wallet looks like based on my queries, but they don't necessarily know who I am.

- **electrum client connected to multiple electrum servers**: I don't trust a single server for validation of blocks and the mempool, instead I check with a few and see if they are in agreement. I hold my own keys and I decide what transactions I'm going to assemble and sign. My machine is in my exclusive physical control. If I privately connect to the internet, the electrum server can still gather an idea what my wallet looks like based on my queries, but they don't necessarily know who I am.


- **greenlight**: I don't do any validation of blocks and the mempool. I hold my own keys but I let someone else provide me transactions to automatically/blindly sign, they know and indirectly control everything about my node unless I turn off the local signing software. The greenlight server has a full view of my lightning node, but if I privately connect to the internet, they don't necessarily know who I am. If I turn off the local automated signing software and opt out of greenlight, my future privacy and security are not affected.

- **lnd on voltage.cloud**: I trust voltage.cloud to do validation of blocks and the mempool. voltage.cloud keeps a copy of my keys in RAM but not on disk. I trust that voltage.cloud is running an honest version of lnd. voltage.cloud can monitor what my node is doing by looking in RAM on their servers and whatever network traffic they see.


Also, please let me know if I've made any technical errors in the descriptions above.


What's your weakest definition of a self custodial lightning wallet?

Let's challenge ourselves, what will you do for Bitcoin adoption this month?

JenniferCraigWR7

Go to El Salvador and build, organize and run a network of Bitcoin Schools.
EDUCATION IS THE KEY FOR MASS ADOPTION. Not the price.
And El Salvador MUST be an example for the whole world. Must succeed.