p2ptrade

nostr

Nostr is innovative. It’s a different way of online communication. It’s decentralized, peer-to-peer, and censorship-resistant. It’s like Bitcoin, but for communication. You don’t need any middlemen to use it. You just need a connection to other Nostr users. You have your own identity, verified by cryptography. You can say whatever you want, without fear of being silenced or spied on.

Some people prefer centralized apps, their online friends, and their privacy settings. They are diverse, following the mainstream. They may not be fully aware of Nostr and what it can do.

But some people choose Nostr. They are the pioneers, the visionaries, the challengers. They have seen how their centralized apps can betray them, manipulate them, and exploit them. For example, some apps have sold their data to third parties, censored their content, or influenced their behavior. They value Nostr because they value freedom and security above all else.

The same thing happens with Bitcoin. When fiat money works fine, Bitcoin looks like a play money for geeks. Many people see how innovative and disruptive it is. But when fiat money works badly, inflates away, or changes the rules arbitrarily, people start to appreciate the transparency and stability of Bitcoin. For example, some countries have experienced hyperinflation, capital controls, or currency devaluation. They look for alternatives that respect their sovereignty and something they can own.

That’s why Nostr and Bitcoin are essential in a chaotic and unjust world. The more problems that arise from apps or money that are controlled by someone else, the more people want Nostr and Bitcoin. Nostr is not just an app, it’s a movement. It’s a future of online communication.

Nostr: The Bitcoin of Online Communication

bitcoin


My TLDR from https://www.sec.gov/Archives/edgar/data/1980994/000143774923017574/bit20230608_s1.htm

Blackrock planning to do a hard fork on Bitcoin. This could affect the value of the shares of the Bitcoin ETF, which is a financial instrument that allows investors to buy and sell bitcoins on the stock market. Blackrock, the Sponsor of the Bitcoin ETF, will have the sole authority to decide which version of Bitcoin should be considered as the official Bitcoin for the Bitcoin ETF’s purposes. Blackrock’s decision may not be in line with the expectations or preferences of the shareholders of the Bitcoin ETF, or other parties involved in the Bitcoin ETF’s operations. Blackrock’s decision may also result in choosing a less valuable version of the Bitcoin, and this may negatively affect the value of the shares of the Bitcoin ETF.

I would love to hear any thoughts on this topic.

Blackrock’s Bitcoin ETF faces uncertainty as Bitcoin hard fork looms

Are you following the 2023 crypto showdown? The SEC is cracking down on crypto exchanges and issuers, claiming that many of them are selling unregistered securities to unsuspecting investors. But some of the crypto giants, like Binance and Coinbase, are fighting back, saying that their tokens are not securities but commodities or currencies that don’t need SEC approval. Who will win this epic battle that could shape the future of the crypto world? And what does it mean for you as a crypto enthusiast or investor? While this drama unfolds, Robinhood is making a controversial move to delist some of the most popular crypto tokens on June 27th 2023, such as Cardano, Polygon, and Solana. Why is Robinhood doing this? And how will it affect the crypto market and your portfolio?
For true Stackers, This events only creates an opportunity to accumulate more. The best way to do that is to keep stacking sats and win in the long run. Because no matter what happens, Bitcoin is still the king of crypto and the best store of value.⚡😊⚡

2023 crypto showdown is a proof that bitcoin is the way.

@p2ptrade's bio

Using a self-custodial lightning wallet for the first time can be tricky. I learned some things the hard way and I want to share them with you. Here are some things you should know before you use a self-custodial lightning wallet :

1. Don’t deposit your sats without checking the channel status of your wallet. If your wallet can automatically open channels, then you’re good to go.
2. Watch out for the fees. Some wallets charge a high fee of a few thousand sats to open channels instantly. If you choose to open channels manually, some channels require a minimum amount of sats to lock (you can’t use them unless you close the channel), usually between 5k-10k sats.
3. When you manually open a channel to a public lightning node, you need to fund the channel with your btc and pay for the on-chain fee. Choose the node you connect to carefully. Some nodes don’t give their inbound liquidity for free. Sometimes they can close or force close the channel and make you lose some sats for the on-chain fee.
4. The capacity of a lightning channel is not unlimited. It is limited by the sats you use to fund it. So you can’t receive more sats than the amount you used to fund it, unless you buy channel liquidity from a node that provides it.
5. It’s better to avoid using force close on your open channels. Try to use regular close and wait for the cooperative closing. Only use force close if you really have to, for example, if the node is inactive, unmanaged, or too expensive. And while you’re waiting for the channel to close, don’t clear your wallet app data or uninstall it. The channel needs to refund your sats and it needs that data to sync your wallet balance on-chain.

I hope this helps, and feel free to post about any other things that I may have missed about self-custodial lightning wallets.⚡😊⚡

I wish someone had warned me about using self-custodial lightning wallet

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