Showing posts with label btc. Show all posts
Showing posts with label btc. Show all posts

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!

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 bonè 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 "Lè li fè pi nwa se lè sa li pral kòmanse fè 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



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


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Not Your Keys, Not Your Coins - It's Your Bitcoin Truly Own It

 Not Your Keys Not Your Coin - It's Your Bitcoin so Truly Own It

You've probably heard this saying before ''Not your keys, not your coins'' that's right, when you leave your bitcoin on exchanges you basically give them the permission to freeze it or spend it at anytime without your permission. If the exchange get hack(which usually do happen) you will  lose all your funds period. You don't believe me? Ask the victims of the Mt. Gox exchange hack in 2014 where 700,000 bitcoins were lost forever and also the nearly 120,000 bitcoins that were stolen from the Bitfinex exchange in 2016. And from time to time you hear a random hack of an exchange from which a lot of people lose their money. 
Not only that, but what if the exchange does not have the amount of bitcoin they say they have? This is called insolvency where the exchange is basically bankrupt and it can't give its customers the bitcoin it sold them. What do you do at this point? 

Since you never holed your bitcoin in your own custody there will be nobody to call to get your bitcoin back, because the hacker will not reverse the stolen coins to the exchange. And the exchange can simply sign up for bankruptcy and call it a day, and you will feel sorry for yourself. There are so many other ways you can lose your coins forever when you don't hold them properly in your own custody. So it is your responsibility to learn taking custody of your own bitcoin.

Bitcoin is a big deal! It gives you the opportunity to become your own bank not just a bank account where you can simply call someone to reverse a transaction, but you are in control. So as you would expect, this comes with responsibility. If you find value in this post please take a minute to

In Bitcoin, those days of outsourcing the task of holding your money to someone else are over and if you refuse to learn this now then you are up for a big surprise. 
Self-custody means you simply withdraw your bitcoin from exchanges to a cold storage wallet that you yourself control. 

Here are some wallet companies that you can buy your hardware wallet directly from:
Trezor: https://trezor.io/
Ledger: https://www.ledger.com/
Coldcard(Airgap, never go online): https://coldcard.com/ 

Please avoid buying hardware wallets from Amazon or other stores that are not the exact wallet company itself, because chances are someone already bought it and set it up therefore he/she may know the secret seed words so when you send your coins on it they will steal it, so be careful!

In conclusion, it's your bitcoin, learn how to truly own it, if you need to login or ask permission from somebody else to access your bitcoin then it's not yours.

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