How To Save On Bitcoin Transaction Fees


     Many things can cause Bitcoin network fees to skyrocket but today I am going to help mitigate that. Let's say you bought bitcoin from an exchange and now you want to withdraw it to hold your own keys to your money, so basically you want to take the bitcoin to your own wallet but you worry that transaction fees may be too high to move them again today or in the future so here are few things to consider:

   1. Transaction consolidation, this process is as simple as the name says it, you are sending all your bitcoins all at once to one address so that you already pay for all the individual data input for all your previous chonks of transactions. You can do that by waiting for fees to come down or you can try this second option

   2. Liquid, liquid is a Bitcoin sidechain(cheaper) you can use to store those small individual chonks of transactions staight from your exchange for a lower fee. You can use something called "sideswap" on the sideswap.io app to automatically receive and swap your BTC to L-BTC for about 0.1% conversion fee, ofcourse you may want to first calculate if this better to use this service that requires some trust instead of using the Bitcoin timechain, it's a tradeoff you are making, but can also send L-BTC to a more trusted bitcoin wallet like Green. Now when you feel like your liquid stack is big enough and you want to peg-out to base L1 BTC you can simply sideswap it out on the sideswap app. You can also move those liquide bitcoin faster and cheaper using the following technology as well.

   3. The Boltz exchance(boltz.exchange), this exchange will help you move your bitcoin from liquid to your lightning wallet visversa and from lightning to base layer BTC

  I really hope this helps you in some ways, if you found some value feel free to show some value back, thank you! Pie

How To Give The Christmas Gift That Will Never Stop Giving

  Money that loses value overtime like fiat currencies cannot possibly make you happy but money that gains value overtime could probably make your friends or family happy. This Christmas season we are going to think outside the bank to give them the gift that will never stop making them smiling, Sats aka bitcoin.

  Basically, Sat is like the penny(¢ cent) of bitcoin a fraction of it, like 100millionth of a bitcoin, but its value still goes up overtime alongside bitcoin. So now we want to give a Christmas gift to a friend who want it to maintain or even increase in value overtime. Here is how we can do that

  First of all we are going to use this website called lightsats.com click on create your first gift, it will ask you to login you can use your email or your bitcoin-lightning wallet for that like walletofsatoshi. Assuming you're already logged-in let's go to "create first gift". Simply chose the amount and then go down to "advanced options", leave it at the "standard option" and then click on "generate passphrase" this will make you 3 secret words that the recipient will need to redeem the money. And that should be it, congratulations! Now you just gave the gift that will never stop giving.

  The redeeming process is as simple, they just need to download a lightning wallet I suggest WalletOfSatoshi because of less friction and very easy to use.

Video For Visual Learners

I Hope you found value into this, thank you for reading!


How To Send And Receive Bitcoin With An Email Address


Instead of complicated and scary Forms of Bitcoin addresses now you can use your email address to send or receive Bitcoin from your friends and families. 
The steps are pretty quick and simple, first you need to past the receiver email address at acceptLN.com *Do not use your real personal email for this but just create a fake Gmail for now. Second enter the amount you want to send and that's it. Now to receive the bitcoin the receiver needs to login to their email account and look for the acceptLN email and go redeem the money from acceptLN using a lightning wallet like walletOfsatoshi or PhoenixWallet. The bitcoin will seat on the email until the receiver is ready to redeem it.
Thank you for reading this I hope you found value, cheers!

The Money Super Highway Moving At The Speed Of Light To Become The Predominant Payment And Energy Network In The World

 

What Set out to be a peer-to-peer electronic cash system for online payments is now becoming the  predominant way to perform large size transactions in the world. Five years ago It used to be a big deal to see a million dollar(us) of Bitcoin moved across the network but these days this seems to happen way more often than not. As Satoshi predicted: 
 Bitcoin is only 15 years old but yet this was a response to the fear of block rewards not being high enough to pay miners to secure the network, but already today Satoshi seems to be on the path to be proving right because these years the average transactions per block is close to 3k tx with an average transaction amount of $30k equal to a $90Million/block in average, which means a lot of demand for block space and large size transactions which ultimately leads to bigger tx fees for miners, so even if the average tx is 10,000Sats/tx this is a 30Million Sats per block in average so $10k/block in only fees not including the block subsidy and the price appreciation over the long term. But why is Bitcoin setting out to become the predominant payment network in the world?

Bitcoin The Money Transfer Network
 Ultimately, Bitcoin is just a superior payment network compare to any other payment network available out-there. Some of the most important Bitcoin features that makes it better are: censorship resistant, so nobody can stop anybody in the world from transacting any amount of money(BTC) during anytime of the day to any place in the world, so no permission is required to use the bathroom in this house. Only these features alone are enough to make it the preferred payment network in the world, Bitcoin also has the lightning network that helps it go farther, this is for smaller amounts of BTC(Sats) transfers, it allows you to pay for things like a coffee, grocery bills, online shopping, donations, etc. You can imagine Bitcoin as a shiny city that powers itself it has a highway(the Timechain, Base Layer1) where mostly all the transport trucks passes with big loads and the local routes(Lightning, layer2) where the cars and bicycles pass. The city powers itself because bitcoin(BTC or Sats) is also the fuel that powers the network, as Der Gigi would say "Bitcoin is the map and the territory". Speaking of territory, most payment network are limited to certain regions or borders Bitcoin is limitless and borderless it will flow anywhere that there is a thirst for money transfers or payments. 

Even though, Bitcoin is still a small independent economy out-there of just $700billion market cap but it is quietly growing exponentially, it's market cap was only $70Billion just 5 years ago. But the most under rated feature of Bitcoin-the-energy-network is it's ability to transfer energy across the world from one party to another. 

Bitcoin The Energy Transfer Network
Imagine being a country that's rich in Volcano Energy but poor in petroleum(Crude oil) Energy or lacks the infrastructure to extract oil under the ground, you can now go to the Bitcoin Mining Network sell your Volcano Energy and use that BTC mined to purchase Oil you need from the country that produce it, and vice versa, you also can sell your oil on the Bitcoin mining network to purchase Uranium(nuclear energy) you need to power your electrical grid. No other Network in world provides that service. Side note, as I am writing I will admit that it also blows my mind as I never thought of Bitcoin like that before too. But this is really the kinds of flexibility and solutions Bitcoin provides that reinforce its superiority over fiat, cypto, gold or anything else combined, because Bitcoin is also an Energy reservoir that never leak energy.
On twitter(x) I wrote, Bitcoin is a leakproof reservoir powerful enough to maintain a 21Million measuring stick hard cap and infinitely deep enough to preserve all the energy this civilization can ever produce at its maximum best capacity for today and forever, for the first time in history humans can now preserve their work, time and energy for an eternity.

If you found value into this and feel like I deserve some valuable Sats feel free to support my work with a lightning payment to: getalby@piecover.com or use the button below

Cheers! Thank you!
Pie

Bitcoin Not Crypto And Why It's Important To Make That Distinction


 On May 1st 2022 I wrote Not Your Keys Not Your Coin - It's Your Bitcoin so Truly Own It just before the collapse of crypto companies like: Celsius Network, Blockfi, Three Arrows Capital and later FTX where people lost all their bitcoins, I didn't know how bad they were rehypothecating their customers bitcoins, but I simply needed to look at the pass and understand the nature of these crypto scammers, leading me to today writing about "Bitcoin and Not Crypto". 


  Unfortunately, most people who comes to Bitcoin these days often think that Bitcoin is part of the "Crypto universe" that is baseless and constitute of an infinite number of scams without exception. But no, Bitcoin is living in its own economy based on real world energy and value for value payments and savings. It's important to make that distinction between Bitcoin and crypto, the 21Million hard cap decentralized timechain, that doesn't require you to trust any group of technocratic developers, validators, not even the miners that are doing the proof of work. Once you run your own Bitcoin node you couldn't care less about what somebody say or what a group of people say. Bitcoin is a bear asset(a property you can own, hold or move yourself). Which is the opposite of what all the cypto projects out there are, let me explain.

 Bitcoin put an end to the fiat money printing, crypto reintroduced the money printer by creating their own coins(money) out of nothing to scam the owners of those coins by dumping them on the market. What makes Bitcoin deferent is the fact that it requires real world energy, time and proof of work to be released out of circulation and nobody is in control of it nor in a priority advantage than others, but based on ground level competition for anybody with enough energy or computation power. This leads me to also say that Bitcoin is the real signal and everything else are noises., this chart says it all.



  But still, some people including myself at some point thought that I could outperform Bitcoin with a collection of these *shitcoins but no I took a huge lost and wish that I only staked to Bitcoin only instead of letting myself be scammed by those grifters, and I learned my lesson ever since. 

Conclusion, Here you have it, it is up to everybody to do their due diligence on finding out the real truth on these things including Bitcoin. Bitcoin is trustless no trust is required, run your own node just like it is important to hold your own private keys in multiple locations if you can. Crypto are scams that require a team of technocrats to infinitely upgrade and tweak their softwared to change their monetary policy to steal from the holders.

Need to support my work? Sure, If you found value in this please feel free to support me by lightning tip few sats to: piecover@getalby.com or go to bitcoin-lightning tip me few Sats 



Mornings! Good Bitcoin Morning

Bitcoin Sun / Profitable Bitcoin Mining In 2019 Solar Powered Mining

  Good morning everyone! I usually talk about Bitcoin(the money) on this blog[piecover.com] but today is an unusual day where my work called me and ask me to stay home due to bad weather and job cancellations so I decided to bring a deferent vibe today. So I decided to talk about "mornings' today. Some mornings are beautiful on an observers perspectives like me because they are a reset on the brain and the beginning of a brand-new day, that's why we often say Good morning to everyone we interact with in the morning, this is an automatic way to salute but also serves as a positive vibe spreader. In Haiti there is a saying "Pi bonΓ¨ se granm maten" translated to "The earliest you have to do something is in the morning", I often think about this when I want to get something done specially in todays fiat world we live in where everything is moving so fast to insure the rich get richer and the poor get poorer, I talked more about this in A world full of crazy rats working for fiat overlords, I am surprised I am still writing this and it's not already time to go to bed and get ready for work tomorrow. But thanks to Bitcoin I can now take my time to appreciate and degustate the beauty of the mornings, because Bitcoin allows me to lower my time preference in level that's low enough so I can see beyond the darkness of this world of wars, viruses, propagandas funded by fiat money printing. Speaking of darkness(Night) the thing that precedes Mornings, it's important to appreciate that too because even if we want to characterize it as the hard/bad times but there is lessons to be learned there for example there is another Haitian saying "LΓ¨ li fΓ¨ pi nwa se lΓ¨ sa li pral kΓ²manse fΓ¨ jou" meaning "When it's the darkest that's when the morning will starts appearing". Now I would like to illustrate the current fiat world of deep darkness to the beautiful Bitcoin morning arising, it feels like midnight now, we are still far away from the Bitcoin morning lights but it keeps shining in places where it is(El Salvador) with full of energy, brightness, warmth, joy, excitements, etc. You are welcome to come to Bitcoin now where it shines the most by simply converting some of your time, savings and energy to it, bring your family and your friends with you and have a

Good Bitcoin Morning!

Pie

Need to support my work? Sure, If you found value in this please feel free to support me by lightning tip few sats to: piecover@getalby.com or go to bitcoin-lightning tip me few Sats



HOW TO UNSTUCK YOUR UNCONFIRMED BITCOIN TRANSACTION


 In case you find yourself losing sleep over your bitcoin transaction that's stuck for days in the mempool due to either a high fee rate environment or other circumstances, here are two practically easy things you can do to solve your problem


1. Replace by fee(rbf), if you are the sender, 


2. Child pay for parent(cpfp), if you are the receiv


  To use number one: replace by fee(rbf), you simply need to go on the transaction and replace it using the bomp the fee feature(in some wallets), make sure the new fee is higher this time so miners can be willing to process the transaction faster for you. but what if your wallet software does not support rbf? this is where the second solution comes in, cpfp(child pay for paren


 To use cpfp, you need to be the receiver of the tx. the step is also simple just send the unconfirmed amount that is stuck to an address you the receiver fully control with a higher fee rate that miners will be willing to confirm the first stuck transaction and then confirm the second you are about to create. reason being is miners cannot confirm the fresh(second) tx without confirming the previous one(fisrt), so if the second tx's fee is that attractive to miners they cannot resist other than process both transactions to get the sat


  I hope this saved you some spleep! feel free to zap me sats at getalby@piecover.com ! :)s.t)eror:  

WHY BUY BITCOIN INSTEAD OF A SECOND HOUSE?


WHY BUY BITCOIN INSTEAD OF A SECOND HOUSE? THE MORAL AND ECONOMICAL CASE FOR BITCOIN OVER A SECOND HOUSE

FIRST OF ALL, A HOUSE IS AN ILLUSION OF WEALTH BUT NOT TRUE WEALTH IT'S A BAD VEHICLE TO STORE WEALTH SINCE IT WAS NEVER MAENT TO BE USED AS MONEY BUT A UTILITY OBJECT, PEOPLE ONLY USE IT TO STORE THEIR WEALTH IN PLACES WHERE THE MONEY IS BROKEN, BUT NOW WE HAVE PERFECT MONEY(BITCOIN) THERE IS ALMOST NO NEED TO SAVE IN HOUSES THEREFORE NO MORE DRIVING HOME PRICES HIGHER TO PRICE OUT LESS PRIVILEGED PEOPLE WHO ARE IN NEED OF A PLACE TO LIVE.

INSTEAD OF SAVING IN A BANK FOR A DOWNPAYMENT TO BUY A HOME THAT WILL PROBABLY DOUBLE IN PRICE(IN DOLLAR TERM) BY THE TIME YOU REACH YOUR PERCENTAGE GOAL(20%), YOU CAN SIMPLY SAVE THE MONEY IN BITCOIN WHERE YOU CAN REALLY BUILD TRUE WEALTH THAT WILL LAST AND APPRECIATE IN VALUE FOREVER. 

CONVERTING YOUR HARD EARNED MONEY TO A HOUSE YOU MAY NEVER OWN IS A NET NEGATIVE FOR YOUR FAMILY AND YOUR FUTURE AND MOST IMPORTANTLY BECAUSE THE REAL VALUE OF THE HOUSE DECREASE OVERTIME THEREFORE IT NEEDS MORE MONEY AND WORKS TO MAINTAIN A LIVABLE STATE.

THE BENEFITS OF OWNING BITCOIN OVER A HOME ARE: YOU CAN SELL THE BITCOIN ANYTIME YOU NEED IT(IT'S LIQUID GLOBALLY), IT'S BORDERLESS ie YOU CAN TAKE IT WITH YOU ANYWHERE(BECAUSE IT CAN BE IN YOUR MIND), ALMOST MAINTENANCE-FREE, YOU CAN CALL THE SAVINGS IN BITCOIN YOURS THE MOMENT YOU START AQUIRE IT IN CONTRAST TO A HOUSE YOU CANNOT CALL THE HOUSE YOURS TILL YOU'RE DONE PAYING IT IN FULL WHICH IS ALMOST AN UNATTAINABLE GOAL FOR MOST PEOPLE. YOU SEE, THE MOST VALUABLE THING IN LIFE IS YOUR TIME AND YOUR ENERGY, WHEN YOU WORK YOU ARE TRADING THEM FOR MONEY BUT THE MONEY IS BROKEN BECAUSE IT'S LOSING IT'S VALUE OVERTIME AS FAST AS THEY ARE PRINTING THEM. BITCOIN IS HARD MONEY BECAUSE NO ONE CAN CREATE MORE OF IT AND IT IS LIMITED IN TIME ONLY 21MILLION BITCOINS TO EVER BE CREATED. THAT'S WHY YOUR SAVINGS IN BITCOIN DO NOT DEGRADE IN VALUE OVERTIME BUT UPGRADE IN VALUE. 

IN CONCLUSION, MY HOPE IS THAT MORE PEOPLE REALIZE THE POTENTIAL AND BENEFITS OF HAVING BITCOIN IN THEIR SAVINGS PORTFOLIO INSTEAD OF A SECOND HOUSE TO PROTECT THEIR WEALTH, SO THAT HOUSES CAN GO BACK TO THEIR UTILITY VALUE ONLY AND BITCOIN CAN BE USED AS THE SAVINGS TECHNOLOGY, BECAUSE THE PRICE OF BITCOIN GOING UP CANNOT PREVENT PEOPLE FROM HAVING A ROOF OVER THEIR HEAD BUT THE HOUSE PRICES GOING UP DOES.


THIS IS HOW MUCH Buying $100 of Bitcoin every week for

9 years starting 9 years ago would have turned $47,000

into $889,150 (+1,791%) HERE AT DCABTC.COM


The Podcast Version, Join me on my way to work talking about that



If you find value in this please feel free to support me by lightning tip few sats to: piecover@getalby.com or go to bitcoin-lightning tip me few Sats







HOW TO BUILD WEALTH FOR THE FIRST TIME?

 



PLEASE SUPPORT MY WORK WITH BITCOIN, VALUE4VALUE APRECIATION: getalby.com/p/piecover  or  use LNURL: piecover@getalby.com

FOLLOW ON NOSTR: npub1442cldwt7575fuqtrae7hwtkeelyedp9k6eh8xjqj6728sln2k5q0a09ae



If you find value in this please feel free to support me by lightning tip few sats to: 

piecover@getalby.com


NOSTR: npub1442cldwt7575fuqtrae7hwtkeelyedp9k6eh8xjqj6728sln2k5q0a09ae

#savings #Buildwealth #bitcoin #wealth #fiat #bitcoinmining #btc #citadel #inflation #saving

#bitcoin #proofofwork #bitcoinmining #blackrock

BLACKROCK WILL HAVE TO SHOW THE PROOF OF WORK FOR FIRST TIME

 



If you find value in this please feel free to support me by lightning tip few sats to: 

piecover@getalby.com


NOSTR: npub1442cldwt7575fuqtrae7hwtkeelyedp9k6eh8xjqj6728sln2k5q0a09ae

#savings #TOXICTALK #bitcoin #crypto #fiat #bitcoinmining #btc #citadel #inflation #savings

#bitcoin #proofofwork #bitcoinmining #blackrock


THE VALUE SAVING TECHNOLOGY - BITCOIN #TOXICTALK

 



If you find value in this please feel free to support me by lightning tip few sats to: 

piecover@getalby.com

How To Partially Live On Bitcoin: An Easy Roundabout Way

 The other day I got pumped after buying $2 of phone minutes using Bitcoin-lightning for a friend in Brazil on this amazing website called bitrefill.com where it only costed me 7967Sats and 0 fee. [I want to mention that I am not being paid for commission by Bitrefill nor any other apps and services, but I give you a chance to support me using a lightning address somewhere here on this blog.] 


 Now, this transaction got me thinking deep about getting myself and friends ready to start living on Bitcoin where we can pay for goods or some services using Bitcoin(Sats) and the lightning network. 

I am already used to pay my friends in Bitcoin(Sats) and some of them seems to be getting it now, they are willing to hodl for the long run. But I also would like to make sure that they know they can use their bitcoin(Sats) in case of an emergency. 

My experience with Bitrefill so far is amazing, it gives you the opportunity to buy gift cards with your Sats(bitcoins) to purchase real stuff online on: amazon, ebay, phone refill, gaming, travel, etc. Or in your local community such as: walmart, grocery stores, pizzas, gas stations, cloths stores, coffee shops, home hardwares, etc. I think we need way more of these types of services like the one offered by Bitrefill. I am sure they are already few of these services out there already serving you as well such as coincards.com, bolt card, etc. Please share more of them with me below if you like.

In conclusion, I am not advocating to overspend your Sats right now in stuff you don't need today so you can buy them Sats back in higher price later but, keep accumulating your Sats if this is what you want to do right now and wait to enjoy them Sats later when you are not able to make the same amount of money or simply when you are in need. My purpose in this post was to simply help the people who are looking for the option to spend their bitcoin(Sats) to find an easy roundabout way to do so.


If you find value in this please feel free to support me by lightning tip few sats to: piecover@getalby.com or go to bitcoin-lightning tip me few Sats

Find yourself in a lost world of lies and fakeness "from a bitcoin pleb perspective"

                    

                                  

The world around me is becoming more and more unreal. Everything is fake, the money is fake which ultimately faked the food that also faked the people. 
We live a world run by fake money, advertisements, propagandas, manipulation and lies. Now I tend to believe that the root cause of all these is the fiat money but my focus today is on how to skip this world while we still live in it.
You see, the problem is because we let ourselves being used and abused by the system. Imagine not using: their fiat money, their fake schools, their fiat foods, their fiat contents, not listening to their fake news, not participating in the fiat selections"elections" and so on. I understand those are very hard things to do specially when you are already deeply indoctrinated by the system, those ideas sounds so crazy to you that you even find them unfair, but in contrast to losing our whole self I think it might worth it.

Imagine being a youtuber, there is nothing wrong in creating contents for people to enjoy but the incentives are misaligned. Youtube is not incentivized to let you be who you are but they want you to obay to a set of rules that they just made up based on what their advertisers want, for example you may not do good on their platform if you go against the narratives or what the algorithm wants. So you are still forced to push their propagandas regardless you are for or against them. This is why I used a provocative term to describe some content creators"fiat excrements".
Now imagine you as a viewer, you might think those free contents are made in good faith but in contrary, they are there to influence your behavior and make you buy on all sorts of wasteful products. That's the fiat world.

It is not surprising that I feel so lost some time it is because of these automated manipulations. So in order to find myself I will need to start cutting off myself from these consumptions, like using less algorithmic products such as contents, using less google products as much as I possibly can since they are designed to harvest everything inside my brain, use less social media like: twitter, tiktok, facebook, instagram and so on. And instead, go out in nature more, be in contact with real people in the real world. 
One of the reason why people feel the need to be constantly hookup to these social media  and government services is because we think we may get something more in ''fiat'' return, like fake likes, friends with interest, followers, status, fiat jobs, etc. But the truth is most of these things are not really necessary. 


If you find value in this please feel free to support me by lightning tip few sats to: 

piecover@getalby.com



<Picture from Motionographer>



BITCOIN vs AI Fight Which One Will Win

 

If you find value in this please feel free to support me by lightning tip few sats to: 

piecover@getalby.com


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