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20 sats \ 0 replies \ @Athena_Alpha 9 Feb \ parent \ on: satsymbol.org | The ₿est symbol for sats. Always has been. bitcoin
We said they were capable of understanding dollars and cents and thus, also understanding bitcoin and sats. Not that regular Joe has heard of sats. We know very few people have heard of / know about sats, but that'll change as adoption increases. People didn't know what the @ symbol was in 1999... but that changed
That's your code base that's obviously not super complex or old. Many are old / complex or simply just not updated or maintained as well. Then there's all the books, the written articles (like the dozens on our site) endless podcasts, YouTube videos etc etc etc.
Yup this is just stupid. We get it, not many people (yet) understand or even know what a sat is but we already have:
- bitcoin the token
- Bitcoin the network
- Bitcoin the Blockchain
Having Bitcoin (for sats) just makes this EVEN worse
It's not even a problem that needs fixing! People aren't stupid. They are capable of understanding dollars and cents, bitcoin and sats
So there's a different symbol for sats vs bitcoin, there's a different symbol for cents too: ¢ or ₵ or (mostly) c. C'est la vie. Pretty sure there's more important things to do than change a 15 year old standard that creates horrendous confusion and requires all software/hardware builders to redo millions of lines of code 🙄
The more time and effort you put into learning about the Lightning Network, how routing of payments work, which nodes need new channels or more liquidity and then enabling those things, the more payments you’ll route and the more revenue you’ll bring in and the more likely you’ll be profitable.
Running a Lightning Node can absolutely be done profitably. There’s many forum posts or videos from fantastic node runners that are already turning a profit right now not to mention huge companies doing the same thing. That being said, we’re not going to sugar coat it as it’s a hard slug to get to where they are now. Just like with Bitcoin, it takes Work. Here’s an excellent post outlining someone who’s done a ton of work and still is having troubles returning a profit.
Our recommendation is that you should think hard about whether you’re willing to put in the many months of learning and experimentation required to (hopefully) turn a profit one day. Maybe your skills are better suited to something else which is OK. Maybe your Internet connection goes down all the time and so it’ll just never work no matter how much you try. Maybe you don’t have enough Bitcoin to fund enough channels. Or maybe you don’t care about being profitable as you want to just learn.
Whichever way you go, just know that it takes lots of work and know this going in. This is especially true right now as the mempool is more full and has higher fees together with a higher Bitcoin price in general. The best time to start running a Lighting Node was 2019, the second best time is now.
We've gone into more detail (6 pages or so) in this piece: Bitcoin Lightning Node Profitability: ROI & What To Know Before Investing
All great suggestions and basically what we recommend too
We have full reviews on a number of them here as well as plenty of other resources, guides, how tos and heaps more :)
Wikipedia and the general IT / Security industry would beg to differ:
An air-gapped computer or network is one that has no network interfaces, either wired or wireless, connected to outside networks.
While we're big fans of SeedQR, we don't know of any HWWs that can use QR codes to upgrade their firmware. Only microSD cards really allow this and it's what the SeedSigner uses too. We also consider SeedSigner to be fully air gapped.
This (along with articles that also have no clue about Bitcoin) is the literal reason we founded Athena Alpha.
All we study and write on is Bitcoin. To educate as many as possible with the highest quality material and resources.
We also have professional backgrounds on networking, engineering, science, programming and accounting/investing.
If we're wrong, tell us, with evidence and we'll fully investigate it and amend our information if required. Screw people who pretend they know everything and mislead others
Interesting question. We knew that Sparrow used Argon2 (and that it's OWASP recommended) but beyond that it's an interesting thing to verify.
We've reached out to @SparrowWallet on Twitter to see if they can come on in here and help clear things up 🙂
FWIW, we wouldn't ever consider giving Sparrow (or any other software based wallet) access to your Private Keys. Instead they should be stored on a well vetted Hardware Wallet if we're talking about any amount of funds you don't want to lose. That way even if an attacker breaks your password, all they'll get is the wallet file. They'll be able to see your coins... but not spend / steal them.
We must be on the same wavelength! We released this more fun styled piece that looks into exactly this!
A Bullish Bitcoin Price Prediction For 2024
- Bitcoin’s Price Right Now
- Bitcoin’s Historical Price Performance
- What’s Historically Affected The Price Of Bitcoin
- Bullish Signs For 2024
- Bearish Signs For 2024
- Is Bitcoin A Safe Long Term Investment Decision?
- The Bitcoin Singularity
- Bitcoin Price Prediction
But in short: it looks insane.
In the investing world, the way these ETFs are being setup is very common as to how REITs, shares, index funds etc are all setup and have operated for decades. You buy shares in this Bitcoin ETF and they'll buy real bitcoin and (in most cases) have Coinbase custody those real bitcoins for you. They won't loan them out or do anything else with them as far as we can tell (dodgy illegal stuff they or Coinbase might do not withstanding).
While this is a far cry from taking full self custody of your own bitcoin, it's the norm in the investing world and opens up a lot of new institutional investors to quickly and easily buy bitcoin whereas before they couldn't.
Is an ETF still and IOU? Absolutely. But at least now with bitcoin these companies or individuals CAN go and take full self custody if they so chose to. Try doing that with $1,000 worth of Apple shares or a government bond and see how far you get...
This OPTION to self custody should hopefully also mean that it keeps things in check as if BlackRock etc do screw around everyone should theoretically just transition to self custody to take them out of the picture. Heck, even if they perform fine this still might happen over time as everyone realizes that paying them 1-2% p.a. is ridiculous when they can just self custody themselves and save a bomb.
y no Fairphone?
All those manufacturers have made it pretty clear they're now in the "no longer innovate, just bleed the customer dry" phase. For example the Pixel 6 Pro is virtually identical to the Pixel 8 Pro, except it's literally hundreds of dollars more expensive. Sure money printing is partly responsible for that price increase, but screw Google.
If we're going to pay good money for a phone, it should be one that's built with well paid workers and designed to be upgraded and repaired long term. Bitcoiners often lament "new" things not being as good quality as "old" things (eg. a house or furniture). Put your money where your mouth is and buy something that will last a decade or more of daily use