For new users of Bitcoin
Der Gigi: Bitcoin is Money Plus Energy Plus Time Plus Information #Bitcoin @dergigi
Bitcoin is Money Plus Energy Plus Time Plus Information By Der Gigi
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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!
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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!
Please feel free to support Piecover by lightning tip few sats to: piecover@getalby.com or simply go to Support Piecover.
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HOW TO GET PAID IN BITCOIN BY JUST ADDING A PAYMENT BOTTON TO YOUR BLOG/WEBSITE: AN EASY 15MIN. STEP BY STEP GUIDE
HERE ARE THE LINKS YOU WILL NEED:
1. Go To Payment Widgets TO Get started: https://widgets.twentyuno.net/ 2. To Get A Lightning Address, LNURL(for keysend payments): https://getalby.com/ 3. To Get Emojis(Optional): https://emojipedia.orgPlease feel free to support Piecover by lightning tip few sats to: piecover@getalby.com or simply go to Support Piecover.
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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
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
Pie
Bitcoin Not Crypto And Why It's Important To Make That Distinction
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
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
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
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