Atmuch5 @[email protected]

Before spinning this up I was massively opposed to the 1 click node solution, but unless you’re really motivated this can be a pain

@k3tan am I doing this right? 😂

Also, initial block download is a bitch.

Running bitcoin

Taking a break from Bitcoin books to re-read these

Podcasters/content creators: is your product good enough for people to consistently part ways with their sats for it?

This is the other side missing from all the talk about Sphinx.

Wen PSBT Payment channels?

Imagine having that good an analysis and not buying because "you're not an investment kind of guy". Life is fun some times, happy 60k all.

/Fin.

Whether people should buy them or not is probably up to them, but I do believe that Bitcoin or something like it, will replace government fiat currency very soon.

/7

The recent spike in price is interesting for a lot of reasons; some people are attributing it to the issues in Cyprus, Greece and Spain, but I'm not sure it's as simple as that. It might have to do with inflation in the dollar or just greater media exposure.

/6

I'll be honest, like the people who created Bitcoin, I'm very much an adherent of the Austrian School and therefore love the idea of Bitcoin (and anything like it), but haven't bought any because I'm not an investment kind of guy. 😭
/5

And bitcoins are supposed to be a type of money that is as divorced from the idea of monopoly money as possible: they are 'mined' from a decentralised network of computers; pseudonymous; and are deflationary rather than inflationary (because of the a limited supply).

/4

The second thing is that, 'bitcoins' are a supposed to be a form of money themselves. The creator(s) of Bitcoin were quite well versed in a school of economics called the 'Austrian School', and one of that schools main arguments is that government should never be allowed to have a monopoly on the issuance of money. They would say that government issued money is prone to inflation, and governments use it as a political tool leading to massive business cycles and such.

/3

But anyway, I'll explain what Bitcoin is: Bitcoin is two things, I guess. The first being a payment processing protocol much like a bank or paypal where you can transfer value (money) between different people. The reason why Bitcoin is important in this regard is that it solves what is called the 'double-spend' problem which haunts something like paypal by using a public ledger called the 'blockchain' which automatically verifies every transaction made through the network.

/2

A post I made on a random forum on Apr 9 2013:

"To answer your first question, you really need to understand what money is and why [some] people feel that the current monetary system is flawed.

/1

This book is incredible. Davidson and Rees-Mogg have an excellent writing style and clear analysis. Must read for a bitcoiner.

@bisq_network is a fantastic application

Long @btcsessions; short What Bitcoin Did

The best compliment I can give @timevalueofbtc’s ‘Layered Money’ is it’s an excellent compliment to Mises’ ‘A Theory of Money & Credit