In my experience, nocoiners can easily be overwhelmed by the amount of information regarding bitcoin.
In your opinion, what are the key points to understand? What’s not so important to know?
58 sats \ 0 replies \ @final 25 Jun 2023
- Understand a base knowledge of security and privacy, own your keys.
- Do not let yourself be lead by charlatans and "crypto influencers" who are just in it for money. Follow the technology not the price.
- Don't be shy, speak out and ask things.
As for the basics: Understand addresses, wallets, difference between hot and cold. Custodial and non-custodial, etc. Understand how to make a transaction. Learn the Lightning Network afterward.
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51 sats \ 0 replies \ @nullama 25 Jun 2023
You can buy a fraction of a Bitcoin.
It's such a simple concept but many people just don't get it and think it's too expensive to buy.
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23 sats \ 0 replies \ @premitive1 25 Jun 2023
bitcoin is money
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1 sat \ 0 replies \ @Zepasta 25 Jun 2023
- Hard cap of 21M set by code.
- Fully decentralized.
- Crypto is NOT Bitcoin.
- Never sell, you will always, always, regret selling.
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0 sats \ 0 replies \ @TheWildHustle 26 Jun 2023
Buy bitcoin from an exchange and send it to a bitcoin only wallet that you alone control
1 sat will eventually be worth one dollar
Its not about timing the market, its about time in the market
Continue learning about bitcoin (Stacker news is a great resource)
Take your time, stay humble and stack sats
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0 sats \ 0 replies \ @BitcoinMaxiNewsdotCom 26 Jun 2023
This: https://bitcoinmagazine.com/culture/ad-copywriter-orange-pilling-secrets
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0 sats \ 0 replies \ @Spiralnebel 25 Jun 2023
Buying BTC KYC just to grab a piece of the cake does not solve any recent issue and supports mass surveillance. P2P is an essential part of the Bitcoin ethos. Monero over Lightning. A passphrase is mich more important then /4 words. Use Aur Hardware Walkets shoukd NEVER connect to any other device. Circular economy Is important. Bitcoin is not an investment. Centralized Exchanges are Fiat scans. Use your own node. Support open source. Stop consuming mass media. Don‘t fight each other because all of us suffer for the same reasons.
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0 sats \ 0 replies \ @duvel 25 Jun 2023
Why was Bitcoin created? Learning about the prehistory of Bitcoin which are the cypherpunks and how they all built on each others work for decades which led to Bitcoin.
What is Bitcoin? Which can be divided in
- Bitcoin's use cases (if you don't see it's practical usage, you might ignore it)
- Bitcoin's monetary policy
- What Bitcoin is, described high level
- All the import concepts described in the whitepaper and explained simply, preferably visually
Why is Bitcoin different than the rest?
How to buy Bitcoin and to promote non-kyc Bitcoin.
How to send and receive bitcoin.
Find your transaction on a blockchain explorer where you can see what information is publicly available.
Very important -> how to save and secure your Bitcoin by doing.
Last but not least, a short Lightning demo should also be included. So you know you don't have to wait for a minimum of 10 minutes.
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0 sats \ 0 replies \ @carlosfandango 25 Jun 2023
Everyone comes to Bitcoin for their own reasons and in their own way.
Key points for beginners: Bitcoin is a decentralized digital currency that operates without a central authority. It uses a technology based ledger, called the blockchain, for secure transactions which cannot be altered. You can own fractions of a Bitcoin. There will never be more than 21-million.
Secondary: Understanding mining and wallets.
Not so important to know: Technical details on how the blockchain works or advanced trading strategies.
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0 sats \ 0 replies \ @MisterCoins 25 Jun 2023
Holding your own keys is possible and you can send and receive bitcoin without trusting a third party.
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0 sats \ 0 replies \ @grayruby 25 Jun 2023
Hard cap 21M. No trusted 3rd party. Open network available for everyone in the world to participate. Going up in fiat terms forever.
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0 sats \ 0 replies \ @0000 25 Jun 2023
All the base knowledge you need is here: https://en.bitcoin.it
Learn about the network's rules and what transactions are and are not allowed. Once you have a strong understanding of the rules everything else will start to fall into place.
Don't worry about what is and isn't important, just what interests you. Learn to practice good personal security. Learn how to protect your seed phrase at all costs. Listen to yourself. If at any point you feel like the action you are about to do feels risky, stop doing that action and educate yourself on the risks.
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