101 sats \ 0 replies \ @krinkov OP 19 Mar \ parent \ on: What would your approach be if you were to learn Bitcoin from scratch? bitcoin
I second this. Great book. Not sure how it compares to Mastering Bitcoin but I think Grokking Bitcoin is a bit lighter on the technicals.
I agree, To learn Bitcoin properly one must tinker and try different things. Writing scripts to test Bitcoin concepts (encodings, generating keys, etc.), running nodes, testing various wallets, etc.
I will be going through @DarthCoin's guides for sure.
Start9 is phenomenal but I started making the switch to Proton. Proton pass instead of Bitwarden hosted on Start9, Proton Drive instead of the Start9's file browser, etc. I find it more convenient with decent trade-offs that suit my needs. I still run Start9 on an SD card and haven't upgraded to SSD though...
What podcasts do you listen to? Used to mostly listen to TFTC and Citadel Dispatch but it's been some time...
I do think you need to understand free markets, history of money, and the bad consequences of interventionist policies to understand the importance of Bitcoin (from a monetary stand point, not technological)
What satisfies your interest most? For me, it's mostly understanding Bitcoin from a technical perspective as well as digging deeper into self-sovereignty and privacy. Not sure why I tend to lean more towards these interests tbh.
Partial success.. was able to convince most of our clients to get exposure so they have ~5% allocation to Bitcoin but through ETPs not self custody...
It's a bit ironic managing money diversified across different geographies and asset classes whereas me, the one managing, have a 100% allocation to Bitcoin haha.. gotta pay the bills with dirty fiat
Here are my two cents
- Abstain from cheap dopamine. This includes alcohol, weed, cigarettes, Netflix, social media, etc.
- Build a healthy routine including sleeping and waking up early, walking daily in the sun, working out, and eating healthy. Lastly, I recommend journaling daily before bed, jotting down one win of the day, one point of gratitude, and one point of frustration.
- Pray and get into practicing your religion. You'll find peace in that regardless of your beliefs.
- Acceptance. Learn to accept your current situation and build from there.
You'll be rock solid in no time if you manage to do the above.
You don't need it in a hyperbitcoinized world where most people (including seniors) know how to deal with bitcoin and have the possibility to spend it easily on products and services, etc. Until then, I still find bitcoin remittances a much needed application.
Context matters here as I am talking about a hyperinflated third world country that runs mostly on remittances from expats with senior population who isn't tech savvy..
haha you guys are the best, totally with you but this could be a good trojan horse to get normies into Bitcoin as well, for example slapping a PoS system on top of the remittance app whereby users can use remitted bitcoin to purchase stuff for a discount (decent incentives).. or building a DCA feature with withdrawals to self-custodied wallet so that people can save a bit with the rampant hyperinflation we're going through..
Keep in mind that the target market is mostly a cash based economy (I would say > 80% cash payments) after the banking's sector collapse so this is a great way to leapfrog fiat payments companies and fintechs that are popping up everywhere
You can do it without a license (under the table) but you'd set yourself up for a huge regulatory headache down the road and you would negatively affect user adoption..
It could be as easy as giving senders a gateway or clear instructions to buy from onramps in US and withdrawing to the receiver's wallet. Then the receiver would sell it p2p in the local market with your assistance. But not scalable, high fees, and an unpleasant experience overall..