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A Basic Start on Understanding Bitcoin, Answering The Most Important Fundamental Questions About Bitcoin

Showing posts from January, 2025

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How to manage your own money on bitcoin without ever losing it?

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How do banks counterfeit money? How to create unlimited fake money in secret?

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Bitcoin is not going to kill the dollar 💵 the dollar is already dead in the water 💦

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Why is it important that the money is limited?

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I am new to Bitcoin and I am here to learn

➚ The Basics
➚ Advance: Wallets or Node Setup

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How To Connect Your Hardware Wallet To Your Own Bitcoin Node/Server

Thanks for watching, you can lightning ⚡ support me here: piecover@walletofsatoshi.com You may also like: How To Connect Your Ledger Wallet To Your Own Bitcoin Node/Server Via Sparrow Wallet How To Create A Safe Multi-Signature Wallet - Step by Step Bitcoin Guide Der Gigi: Bitcoin is Money Plus Energy Plus Time Plus Information #Bitcoin @dergigi

Bitcoin: A Beacon Of Hope In A Hopeless World

Our current financial system(Fiat) is based on theft, debts, money printing or inflation that fuels wars and destructions. Bitcoin is the beacon of hope at the end of the tunnel. For some people it is the escape valve from the fiat hasmter wheel that inevitably take you to fear, nihilism, hopelessness and eventually death. Governments no longer needs its population approval to spend money they don't have go to wars because they can just print it. This is the root cause of all evil in the world because the incentives are misaligned for any good outcome but bad ones. This is also the case in the individual level. The Fiat system needs to keep you in debt to function. The dollars don't have value, the bank creates them from nothing without time nor energy but you give dollars value when you borrow them from the bank in promise to work or s...

HOW TO UNSTUCK YOUR UNCONFIRMED BITCOIN TRANSACTION

Last updated on December 25th 2024 In case you find yourself losing sleep over your bitcoin transaction stuck for days in the mempool due to either a high fee rate environment or other circumstances, don't panic you are about to find a solution, here are three practical easy things you can do to solve the problem. 1. Replace by fee(RBF), if you are the sender, 2. Child pay for parent(CPFP), if you are the receiver 3. Transaction Accelerator at mempool.space (For Sender and Receiver) 1. To use number one: replace by fee(RBF), you simply need to go on the transaction and replace it using the bump the fee feature(in some wallets), make sure the n...

How To Connect Your Ledger Wallet To Your Own Bitcoin Node/Server Via Sparrow Wallet

Thanks for watching, you can lightning ⚡ support me here: piecover@walletofsatoshi.com You may also like these: Bitcoin could be the best savings technology to help you on your first home downpayment Why Bitcoin might be better than investing in real estate How To Connect Your Hardware Wallet To Your Own Bitcoin Node/Server How To Create A Safe Multi-Signature Wallet - Step by Step Bitcoin Guide Der Gigi: Bitcoin is Money Plus Energy Plus Time Plus Information #Bitcoin @dergigi Please feel free to support Piecover by lightning tip few sats to: piecover@getalby.com or simply go to Support Piecover .

How to get rekt investing unsafely in Cryptocurrencies

New to Bitcoin/Crypto? As a Newbie, when I first got into Bitcoin I thought it was about outsmarting the market and getting rich quick on ''promising'' crypto projects. After properly get rekt I quickly learned my lesson and realized that this was never the way to go and that Bitcoin is the only thing that matters. Unfortunately I am not the only one who is going to get stuck with this interesting story to tell, so I am writing this article to minimize the pain for future newcomers who want to avoid these expensive mistakes and learn from them. At the end of this article I plan on revealing the most effective strategy to accumulate bitcoin. So it’s probably a good idea to read till the end. Thanks for reahing, you can lightning ⚡ support me here: piecover@walletofsatoshi.com First we are going to look at the fantastic ways you can get rekt 1. Investing in crypto projects known as altco...

How to accept bitcoin payments in your business

It's a great idea to accept bitcoin payments in your business as it is the fastest growing economy online and set to be the future of money as we know it. When you accept bitcoin for payments not only you save on transaction fees(2% visa charges) but you're safe from charge backs, and most importantly the value of your money is not debasing over time, so you can focus more on your business not worrying about getting stolen from through inflation or other types of confiscation. Accepting bitcoin helps you attract a whole new set of customers that wouldn't be possible otherwise "bitcoiners", these people are really enthusiastic about Bitcoin and they will fly from miles away to come spend their Sats in your business just to support you. Enough of rambling lets go learn how to receive some Sats money. There are three ways you can go with this: 1. The first way is for Physical location businesses, if you want to receive bitcoin you can simply use any bitcoin...

How To Run Your Own Lightning Node

There are a lot of advantages of running your own lightning node such as: better privacy, generating your own lightning invoices for your business, run a BTCPay server, earning few sats in fees, using your lightning address to post on platform like Y'alls( yalls.org ), stacker.news, and so much more. The Video Version: On Youtube Thanks for reading, you can lightning ⚡ support me here: piecover@walletofsatoshi.com Step 1. First we are going to use Umbrel (https://umbrel.com/#start) to install our bitcoin full node, but to do so here is the list of everything(devices) we need: 1 . Raspberry Pi 4 💡 All 2 GB, 4 GB and 8 GB RAM variants work with Umbrel. If you're confused , pick 8 GB RAM for maximum performance. 2. Storage Drive 💡 Pick a large enough SSD (or HDD) for your use case. For eg. if you want to r un a Bitcoin node, 1 TB or more is recommended. 3. Storage Drive's Enclosure 💡 To connect the storage drive to the Raspberry P...

Why Bitcoin Mining Is Good For The Environment And Why It Needs To Project Much More Power To Burn Fiat Wastes

For the past couple years there have been no shortages of false narratives and propagandized news articles and youtube videos against the Bitcoin process of securing itself. This is called "Mining" by some but is simply computers around the world protecting peoples money by preventing bad actors from stealing from them. It is important to look at Bitcoin mining more as the security of every individuals money on the network, so asking them to apologize for the energy use is like asking them to allow attackers to steal their money. And it is also crucial to understand that the level of energy required to secure the Bitcoin network would not be so high if they were not an ever growing amounts of attacks against its security. So Bitcoin security level or Hash Rate can be viewed as a counterattack of defense instead of an offense, because Bitcoin is just fighting for its survival in a world full of poisonous snakes. Bitcoin Tips: - My Alby lightn...

Easiest way to buy bitcoin freely No KYC - To protect your privacy

(Video Format attached below text) Last Updated Dec 25th, 2024 RoboSats is an easy way to privately exchange Bitcoin for national currencies using Tor browser. It simplifies the peer-to-peer experience and uses lightning invoices to minimize custodial risk and trust needs. To start using RoboSats you only need a Lightning Wallet and a TOR enabled browser. Get a Lightning Wallet: blink wallet, Muun wallet or Phoenix wallet or Bleu wallet or Breez or else Install Tor Browser: Download Access RoboSats: Quickstart Thanks for reading, you can lightning ⚡ support me here: piecover@walletofsatoshi.com The process is pretty straightforward, but I will still suggest to start with a very small amount that you can afford to lose. This document has two complete walkthroughs: 1) as a buye...

A world full of crazy rats working for fiat overlords

It's Friday after a long week of hard work, I fall on this old video song by Madonna - called "Ray Of Light". I have no idea what she is saying in the song but the images remind me of something that I have been thinking of for years now, something that I could never explain to a five-year-old at a straight face. The video starts with the beautiful sun rising in the sky while she has to rush on getting ready for work, you see everybody running like crazy ants to get on the cars, trains, busses, airplanes, taxies to go do some sorts of activity to generate income which is a must if you want to survive in this world, meanwhile I saw two dogs sit back relaxing, They must be thinking the same thing as I am "These people are really crazy, working for fiat fake money". She showed the time clock running so fast people are running out of time to even take their time to sit and eat properly, the rat has to keep on run...

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