A lot of people tell me #bitcoin is a waste of time why stack something you can’t hold a whole one and rather buy things that you can afford to get a whole one like shitcoins or stocks
But I think they’re falling for unit bias and failing to understand the value of a scarce asset and how pricing in Satoshis work! There is no stock or shitcoin that’s holding its value against Satoshis
Have you always wanted to curb the spam you see online when using social media or email? Well there is a solution and it's using #bitcoin and the #lightning network, and its called the LSAT
-->> https://thebitcoinmanual.com/articles/what-lsat/
A basic review of Lightning Service Authentication Token, what it is, how it works and what functionality it brings to the bitcoin network
Talking to older generation people about #bitcoin is like talking to a brick wall, if you've ever tried speaking to gen x or boomers you'll know what I am talking about, they are so stuck in their ways and NGMI
Lol with so many scams in the #crypto space it's hard to find the signal between the noise, the incentive to promote and create these scams is so high and many people are going to get caught in it and are caught in it and yet to get rugged.
Have you ever created a #bitcoin onchain address that is a long string of text, have you noticed how different some address formats are and wondered why some might be mixed casing and others are lower casing
Read more>> https://thebitcoinmanual.com/articles/btc-bech32-address/
In todays post we take a look at the bitcoin wallet address formats and how they work
Did you know you can create short vanity links using the lightning network? Yes that's right if you're a fan of bit.ly or you used to use goo.gl back in the day, there's now an option called lnshort.it
Read more>> https://thebitcoinmanual.com/articles/bitcoin-app-lnshort-it/
In our latest review we take a look at how the app works, what you can do with it and how much it costs to start creating your own custom shortlinks
If you've ever spent any time on YouTube you've probably seen some crypto live streams with Elon musk constantly making the rounds, these broadcasts are scams pulling in millions
Read more>> https://thebitcoinmanual.com/articles/btc-youtube-livestream-scam/
We review how the scam works, how you can protect yourself and why YouTube is doing nothing to stop this
#youtube #scam #bitcoin
If you're not excited to put your #bitcoin in self custody why are you getting into bitcoin in the first place? You're not even using bitcoin if you're not holding it in a wallet that generates public keys from your own set of private keys.
Its 2022 and time to learn how to use bitcoin properly
Getting into bitcoin can be a daunting task, especially if you don’t have a fully orange-pilled friend or family member to lean on when you’re unsure or feeling confused. It's understandable, there's a lot to learn about this asset before you own it
-->> https://thebitcoinmanual.com/articles/considerations-before-buy-btc/
If you are interested in purchasing bitcoin but you're unsure of where to start, then these 8 considerations are great jumping off point for anyone thinking about buying bitcoin in the near future
Lol have you ever tried to orange pill someone and get them into bitcoin and the first thing they ask is how they can make money or sell it? How do you deal with it?
When you've already sold everything you have but you still looking for something to get rid of that does not spark the same amount of joy as stacking sats does
Listening to the lasted podcast by saif on the bitcoin standard talking to one of Arsenals former left backs kieran Gibbs such a great chat and shows how Bitcoin is reaching all over the world I highly recommend giving it a listen
Have you ever wondered why bitcoin trades in lock step with financial markets? If it's meanto be an inflation hedge and a counter to current assets why are they so correlated?
->> https://thebitcoinmanual.com/articles/btc-trades-closely-stock-market/
As bitcoin matures, it brings in more investors; in the first two cycles, the influence was predominantly retail, but that has gradually changed, especially in the last five years. More institutions are starting to take positions in bitcoin or getting exposure to bitcoin. This can be done by directly acquiring bitcoin through mining stocks, ETFs or futures
Find out all about the forces at play here so you don't fall for the current market movements
Did you know you can create payment prompts for bitcoin and the lightning network on any website all with a simple bit of HTML?
-->> https://thebitcoinmanual.com/articles/create-lightning-payment-links/
Accepting payments via Lightning continues to get easier, and with Lightning payment links, anyone can add on-click prompts to any piece of text, image, or email to request a bitcoin payment.
Find out how to use it in our latest post and start accepting payments today
The Lightning network is one of several attempts to migrate transactions from the bitcoin base layer to second layers, but like any upgrade it has its trade-offs and attack vectors
-->> https://thebitcoinmanual.com/articles/lightning-channel-jamming/
Channel jamming is when a malicious entity blocks up liquidity in the lightning network, by making a payment to themselves, via third party channels and then never revealing the secret, such that the payment never completes. Find out how it all works and why it could be a possible issue for the growth of #Lightning
Are you thinking about moving towards #Bitcoin and the lightning network, but managing it yourself seems like too much of a pain, then you need to get RTL
-->> https://thebitcoinmanual.com/articles/ride-lightning/
Ride the Lightning is a Lightning wallet and node management tool accessible via a web interface, and is built into your node.
If you're looking to get a hardware wallet for your #Bitcoin but you don't want to spend a lot of money on a device, then why not build one of yourself
Read more>> https://thebitcoinmanual.com/articles/diy-hardware-wallets-seedsigner/
SeedSigner is an open source project centered around a bitcoin signing device or as commonly referred to as a hardware wallet. SeedSigners software allows you to convert a few hardware items into a fully functioning bitcoin storage device.
Find out how it all works in our latest post
Arsenal continue their fine start to the premier league with their 4th win in 4, it wasn't an easy game against fulham, and having to come to from behind showed some real character from the team to rally and take all 3 points. I think something special is really happening this season with Arsenal, I've never seen them so determined to win a game
If more people stopped making useless YouTube channels and started making more lightning channels, #bitcoin could be far further ahead than it is today but I ain't complaining the delay just makes it easier to stack more #satoshis
There are so many podcasts and shows talking about bitcoin and shitcoins these days but most of them are glorified ad reads
If you're going to store your wealth in #bitcoin have you planned on how you will hand that over if the worst happens to you? Maybe its time to have a plan
-->> https://thebitcoinmanual.com/articles/bitcoin-app-final-message/
Final Message allows you to automate a message that is fired off to a loved one, trusted friend, or business partner in the event you stop responding to the service. The primary use-case is using it to send 1 of 3 bitcoin multi-sig keys to your recipient in the event of death, memory loss, or kidnapping.
If you have a rental property but want to supplement it with additional income, you can either split the property or extend it to add more people or you can add a #bitcoin miner
-->> https://thebitcoinmanual.com/articles/btc-mining-supplement-rental/
In our latest post we review how you can combine rental properties with bitcoin mining and what are the various pros and cons of this approach
The need for dollars continues to expand under the guise of stablecoins; as fiat currencies worldwide continue to lose value to the dollar and other assets, citizens are clamouring for USD in any form they can get it in.
-->> https://thebitcoinmanual.com/articles/kollider-pay/
We've seen so many stablecoins created on different chains all with different trade-offs and now we have another one in the form of synethetic USD using bitcoin. Find out how Kollider pay creates stablecoins out of bitcoin backing and what you can do with it
If you ever wondered why #bitcoin miners are so intent on using energy to power the network and continue to compete with one another to secure blocks its because they get paid in what is known as the block subsidy
-->> https://thebitcoinmanual.com/articles/btc-block-subsidy/
The block subsidy is the amount of new bitcoin minted in each block. Each block produced and added to the blockchain allows the creator of the block to mint a certain amount of new bitcoin based on the current issuance rate decided by the bitcoin protocol and enforced by bitcoin nodes.
If you're looking to do video calling but want to avoid giving your time and data to big tech monopolies then there is a solution in Keet by Holepunch
-->> https://thebitcoinmanual.com/articles/bitcoin-app-keet/
Keet is a free app that uses peer-to-peer connections to facilitate real-time audio/video calls, text chats, and file sharing. Instead of leveraging a series of cloud servers where your data is stored and routed through tech companies. Find out how the app works and why you would want to switch over
If you're looking to earn a return on your #Bitcoin but you're scared of giving up custody and using DEFI or CEFI lenders, then consider providing liquidity to lightning markets like Magma
-->> https://thebitcoinmanual.com/articles/magma-by-amboss/
You keep custody of your funds and establish channels with certain people and provide liquidity and they will pay you for being able to route payments with your bitcoin. Find out more about Magma by amboss in our latest post
If you’re looking for a second phone number not tied to your identity then getting an eSim is a great option
—>> https://thebitcoinmanual.com/articles/bitcoin-app-silent-link/
Using a service like silent link you can pay in bitcoin and secure an eSim of your own and use it in a host of different smartphones
Lightning network payments are only getting better and once #BOLT12 goes live, you'll be able to have static LN addresses and QR codes just like you do with #Bitcoin base chain addresses
-->> https://thebitcoinmanual.com/articles/lightning-offers-bolt12/
Find out more about how BOLT12 works, why we need it and how it changes the way we make payments on layer 2
If you're a designer or UI researcher looking to get into the #bitcoin space and would like to start contributing to open source projects then you should check out bitcoin design
-->> https://thebitcoinmanual.com/articles/contribute-bitcoin-design/
View the projects they have available, see how you can contribute in your spare time and meet some of the designers working in #btc
Did you know you can #earn additional income in #bitcoin by becoming part of the #lifi movement, this is lightning finance, by supplying liquidity to certain nodes, and opening up channels you can earn a return for them leveraging your #satoshis
-->> https://thebitcoinmanual.com/articles/lightning-pool/
In our latest post we review LN pools, how they work, why you would want to use them and most importantly how you can earn a return on your bitcoin for helping the lightning network become more efficient