Showing posts with label crypto. Show all posts
Showing posts with label crypto. 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!

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 



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 get rekt investing unsafely in Bitcoin and Cryptocurrencies

How to get rekt investing unsafely in Bitcoin and Cryptocurrencies

   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. Fortunately enough, I am not the only one who
got stuck with this interesting story to tell, so I am writing this blog post to minimize the
pain for future newcomers who want to avoid these expensive mistakes and learn from mine.
And At the end I intend to reveal to you the most effective strategy to accumulate bitcoin.

    Bitcoin Tips:

My Alby lightning Invoice

If you find value in this article please support my work by

lightning tip me a few sats using this lovely pink button below

Muun wallet won't work, but Bleu or Phoenix wallet or other wallets should work Let's first look at the fantastic ways to get rekt





   1. Investing in crypto projects known as altcoins to get more Bitcoin
   Bitcoin is the only time chain technology worth paying attention to out there because it is the only one
that solved the fundamental “double spend” problem, Bitcoin did that by using proof of work, which
removes the need for trust over your money and this cannot be done twice, so anything else out there
that dress like Bitcoin or pretend to be better than Bitcoin will require trust over your money therefore they
are the same scams as the current banking system.
   Furthermore, have you seen those crypto traders/ crypto influencers on youtube? I am sure you have,
and some of those people are perfect examples of how fiat excrement looks like. I am sorry for the term
but these people are causing too much damage to newbies, I had to say it. They will sell their innocent
subscribers' souls to evil crypto exchanges that are selling them highly leveraged trades in which they are
guaranteed to get liquidated.  And these same influencers will take massive amounts of money from crypto
projects leaders to come up on their show and sell their scams to innocent retailers who have limited
knowledge on how these scams blockchain projects work. 
   The bottom line is, these crypto projects will get hyped up by paid crypto influencers and or VC funds
with way more influence and money than any small retailer who will get dumped on after buying the top.
What is the probability that you win? The probability is zero because you won’t know when it will happen
and also these things get hacked very frequently.
    2. get more yield on your bitcoin or borrow against it so you don’t have to sell.
   This is another donkey thinking way to give away your keys. Bitcoin is not a debt based system, any
debt based business model built on top will collapse fantastically and if you refuse to learn this then you
are up for a big surprise-Ask Celsians. But still, these crypto platforms will keep offering you more yield on
your bitcoin and they will never truly tell you where the yield comes from, but I am here to tell you that you
are probably the yield they are giving away because in other for that thing to work they always need new
depositors to pay for the yield of the old depositors therefore once the music stop the system will collapse,
and you will be so glad you were out.  
   And also, borrowing against your bitcoin is a good way to have sleepless nights in an extremely volatile
market so yeah, perfect way to get rekt.
 
     3. Running automating trading bots
 
     When most cryptocurrency investors first begin trading bitcoin, they typically do so by manually placing
buy/sell orders on one of the myriad bitcoin trading platforms available. By doing this, traders are able to
feel out the market, identifying trading opportunities by looking at various trading indicators and market
metrics.
However, this type of activity comes with its own risk potentials such as: flash crashes in a black swan
event, exchanges get hacked and you lose all your funds, and also nothing says if those bots are honest
bots they may be built to your disadvantage as a user. 
Now, how to invest in bitcoin safely and avoid getting rekt
   First of all,
Have you ever heard the term "Stack sats stay humble" before? That's right, Bitcoin will eventually humble
you and the cure to that will be DCA. DCA means accumulate satoshis with an average amount of fiat
money in a set period of time, for example: buying bitcoin for $10 a day, or buy $100 of bitcoin every 
week. This investment strategy aims to reduce the stress of market volatility and market turbulence.
There is a specific website called dcabtc.com exclusively built to help you model things like, how much
sats you would own by purchasing $10 of bitcoin every week?
  Because Bitcoin is so volatile it is extremely difficult to know when bitcoin is cheap or expensive.
This is why building your Bitcoin education for more confidence to gradually stack sats is a safer
alternative and a way more satisfactory strategy. 
But most importantly, while DCA it is important to remember to take out your coins from exchanges
otherwise you are playing with fire.
 
   Conclusion
I understand how human love learning from their own mistakes, but some mistakes are so expensive it
worthwhile learning them from somebody else and avoid making them. Bitcoin is a hard concept to
understand, it requires a lot of time and devotion, but it is obtainable with the right mindset.
I hope I made a good case for the best strategy which is DCA, the simplest and provably the most
successful one. But you may find a strategy that works best for you, in that case you should keep using it
and tell us about it in the comment section below. But no matter what strategy you are using make sure
you have control over your keys.
 

that solved the fundamental “double spend” problem, Bitcoin did that by using proof of work, which
removes the need for trust over your money and this cannot be done twice, so anything else out there
that dress like Bitcoin or pretend to be better than Bitcoin will require trust over your money therefore they
are the same scams as the current banking system.
   Furthermore, have you seen those crypto traders/ crypto influencers on youtube? I am sure you have,
and some of those people are perfect examples of how fiat excrement looks like. I am sorry for the term
but these people are causing too much damage to newbies, I had to say it. They will sell their innocent
subscribers' souls to evil crypto exchanges that are selling them highly leveraged trades in which they are
guaranteed to get liquidated.  And these same influencers will take massive amounts of money from crypto
projects leaders to come up on their show and sell their scams to innocent retailers who have limited
knowledge on how these scams blockchain projects work. 
   The bottom line is, these crypto projects will get hyped up by paid crypto influencers and or VC funds
with way more influence and money than any small retailer who will get dumped on after buying the top.
What is the probability that you win? The probability is zero because you won’t know when it will happen
and also these things get hacked very frequently.
    2. get more yield on your bitcoin or borrow against it so you don’t have to sell.
   This is another donkey thinking way to give away your keys. Bitcoin is not a debt based system, any
debt based business model built on top will collapse fantastically and if you refuse to learn this then you
are up for a big surprise-Ask Celsians. But still, these crypto platforms will keep offering you more yield on
your bitcoin and they will never truly tell you where the yield comes from, but I am here to tell you that you
are probably the yield they are giving away because in other for that thing to work they always need new
depositors to pay for the yield of the old depositors therefore once the music stop the system will collapse,
and you will be so glad you were out.  
   And also, borrowing against your bitcoin is a good way to have sleepless nights in an extremely volatile
market so yeah, perfect way to get rekt.
 
     3. Running automating trading bots
 
     When most cryptocurrency investors first begin trading bitcoin, they typically do so by manually placing
buy/sell orders on one of the myriad bitcoin trading platforms available. By doing this, traders are able to
feel out the market, identifying trading opportunities by looking at various trading indicators and market
metrics.
However, this type of activity comes with its own risk potentials such as: flash crashes in a black swan
event, exchanges get hacked and you lose all your funds, and also nothing says if those bots are honest
bots they may be built to your disadvantage as a user. 
Now, how to invest in bitcoin safely and avoid getting rekt
   First of all,
Have you ever heard the term "Stack sats stay humble" before? That's right, Bitcoin will eventually humble
you and the cure to that will be DCA. DCA means accumulate satoshis with an average amount of fiat
money in a set period of time, for example: buying bitcoin for $10 a day, or buy $100 of bitcoin every 
week. This investment strategy aims to reduce the stress of market volatility and market turbulence.
There is a specific website called dcabtc.com exclusively built to help you model things like, how much
sats you would own by purchasing $10 of bitcoin every week?
  Because Bitcoin is so volatile it is extremely difficult to know when bitcoin is cheap or expensive.
This is why building your Bitcoin education for more confidence to gradually stack sats is a safer
alternative and a way more satisfactory strategy. 
But most importantly, while DCA it is important to remember to take out your coins from exchanges
otherwise you are playing with fire.
 
   Conclusion
I understand how human love learning from their own mistakes, but some mistakes are so expensive it
worthwhile learning them from somebody else and avoid making them. Bitcoin is a hard concept to
understand, it requires a lot of time and devotion, but it is obtainable with the right mindset.
I hope I made a good case for the best strategy which is DCA, the simplest and provably the most
successful one. But you may find a strategy that works best for you, in that case you should keep using it
and tell us about it in the comment section below. But no matter what strategy you are using make sure
you have control over your keys.
 


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