AnnouncementsAnnouncements

Welcome to this week’s newsletter.

@DarthCoin is back with an instructional post about lightning liquidity. He earned the top spot this week with his efforts. He also gave us an informative link post to a beginner’s video on Child Pay For Parent (CPFP)

Thanks to everyone who contributed posts this week.

Logo by @plebpoet

Link to last week’s newsletter:
#674567

Top 5 Posts Of The WeekTop 5 Posts Of The Week

There will be a zap award for the top 5 posts weekly. It will be broken down as follows:

1. 1000 sats
2. 250 sats
3. 250 sats
4. 250 sats
5. 250 sats

Posts will be judged using SN zaprank. The cut off time is 9:00am EST (1300GMT) Friday morning. I will post the top 5 winners shortly after 9:00am every Friday morning.

I reserve the right to not award any sats for the week. I hope I don’t need to suspend awards, so I will keep the bar low. Also, I reserve the right to deny sat awards to bare link posts. I recognize that link posts can be valuable, so I will only only exercise discretion for low quality links that garner few sats or engagement from stackers.

This Week’s Winners:This Week’s Winners:

• Managing LN wallets liquidity by @DarthCoin
• Can WoS be used to swap from LN to onchain? by @Carresan
• How CPFP (child pay for parent) works (short video for beginners) by @DarthCoin
• What type of bitcoin address do you use the most? & Why? by @criptopanas
• "Stay Humble and Stack Sats" — What does this saying really mean? by @Coinsreporter

DarthCoin PostsDarthCoin Posts

• Explain Lightning Network in a simple analogy by @DarthCoin
• Choose wisely your LN wallet you want to use by @DarthCoin
• BDMD #1 - Bitcoin was hacked / will be hacked by @DarthCoin
• BDMD #2 - Govs will shut down internet, so Bitcoin is dead by @DarthCoin
• BDMD #3 - Bitcoin is illegal because it is not legal tender by @DarthCoin
• Bitcoin Accepted - PoS systems by @DarthCoin
• Managing LN wallets liquidity by @DarthCoin

Learning ResourcesLearning Resources

The White PaperThe White Paper

Everyone knows about the white paper, but have you read it? Here is the pdf.

DarthCoin’s GuidesDarthCoin’s Guides

DarthCoin is a somewhat controversial figure with a manner that may take some getting used to, but I think his guides are excellent as step by step instruction. The sentence structure might be unconventional, and he may express some strong opinions, but you will learn what he has set out to teach you.
Here is a link to DarthCoin’s Substack Page, where you can find all of DarthCoin’s guides:
https://darthcoin.substack.com/

Radentor’s Ecosystem MapRadentor’s Ecosystem Map

• Bitcoin Ecosystem Map - August 2024 by @Radentor

@Radentor has created a comprehensive ecosystem map. I believe he intends to keep this list updated Beginners will benefit from checking it out, as will experienced bitcoiners.

Why Bitcoin OnlyWhy Bitcoin Only

Why Bitcoin Only is a massive trove of links, where you can find just about anything you’re looking for. It’s also fun to browse around.

Top Posts Of All TimeTop Posts Of All Time

Here you will find a few of the top posts that have been posted to this territory. I am not going to adhere to a rigid zaprank system, since my purpose is to highlight content that has educational value. I will use an informal combination of zaprank and my own evaluation. For instance, some posts, though of high quality, are solely about Stacker News, and might have more appropriately originated as a meta post.

• Explain Lightning Network in a simple analogy by @DarthCoin
• Bitcoin Mining Industry Introduction by @catoshi
• How do you guys use bitcoin to pay for day to day things? by @mateusdeap
• UTXO consolidation - What's you best option(s)? by @BitcoinIsTheFuture
• I want to run my first node but am overwhelmed by the choices by @boisechampion
• The bitcoin beginner’s guide to Public Key Encryption by @frostdragon
• What If You Need to Relearn Bitcoin from Scratch Again? 🤔 by @Natalia