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#bitcoinbeginners

113 posts13 participants2 posts today
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BOCVIP

How can bitcoin scale when TX fees are/will become (ever more so) high? bocvip.com/827468/how-can-bitc #bitcoin #BitcoinBeginners #BitcoinForBeginners #btc #BTCBeginners #BtcForBeginners

BOCVIP · How can bitcoin scale when TX fees are/will become (ever more so) high?Lightning works insofar as fees stay low to justify opening and closing channels,And on chain will work until bitcoin is too big to have every transaction to be on the first layerSo at some point we need to scale and the most feasible option by the current trajectory is just custodial institutions and banksHow can we keep the trustless and “not your keys not your coins” ethos even when bitcoin scales up to 8 billion?https://www.reddit.com/r/BitcoinBeginners/comments/1jwt1ws/how_can_bitcoin_scale_when_tx_fees_arewill_become/Posted by crakked21
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BITBBQ

How can bitcoin scale when TX fees are/will become (ever more so) high? bitbbq.com/en/170469/ #Beginners #Bitcoin #BitcoinBeginners #BitcoinForBeginners #BTC #BTCBeginners #BTCForBeginners

BITBBQ · How can bitcoin scale when TX fees are/will become (ever more so) high?Lightning works insofar as fees stay low to justify opening and closing channels,And on chain will work until bitcoin is too big to have every transaction to be on the first layerSo at some point we need to scale and the most feasible option by the current trajectory is just custodial institutions and banksHow can we keep the trustless and “not your keys not your coins” ethos even when bitcoin scales up to 8 billion?https://www.reddit.com/r/BitcoinBeginners/comments/1jwt1ws/how_can_bitcoin_scale_when_tx_fees_arewill_become/Posted by crakked21
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BOCVIP

Is my BTC setup safe or Do I need to get a cold wallet? bocvip.com/827329/is-my-btc-se #bitcoin #BitcoinBeginners #BitcoinForBeginners #btc #BTCBeginners #BtcForBeginners

BOCVIP · Is my BTC setup safe or Do I need to get a cold wallet?Hey everyone, So I’ve got around 0.01 BTC that I’m planning to slowly grow into 0.1, and I tried to be super cautious about how I set it up — but I can’t shake this feeling that I might’ve messed up somewhere. Here’s what I did: Installed BlueWallet on an Android phone Switched the phone permanently offline (no SIM, no Wi-Fi, never going online again) Created the wallet, wrote down the seed phrase (also memorized it), and exported the xpub Set up a watch-only wallet on a second phone to monitor it Then I did a test restore of the
Public
BITBBQ

I Need To Know This : How Many Hardware Wallets Do You Have? bitbbq.com/en/170408/ #Beginners #Bitcoin #BitcoinBeginners #BitcoinForBeginners #BTC #BTCBeginners #BTCForBeginners

BITBBQ · I Need To Know This : How Many Hardware Wallets Do You Have?This might seem a stupid question but bear with me. I love electronic gadgets. I love to see the BTC amount magically appear on my cold wallet. I love having 2 different hardware wallets and see how they work differently but both of them work really properly. I am now tempted to buy a third toy, this would be a Coldcard Q that I would likely order straight from the US and wait for however long I have to. Am I the only one who is fascinated by this stuff and is tempted to waste money in unnecessary hardware wallets?
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BITBBQ

Is my BTC setup safe or Do I need to get a cold wallet? bitbbq.com/en/170393/ #Beginners #Bitcoin #BitcoinBeginners #BitcoinForBeginners #BTC #BTCBeginners #BTCForBeginners

BITBBQ · Is my BTC setup safe or Do I need to get a cold wallet?Hey everyone, So I’ve got around 0.01 BTC that I’m planning to slowly grow into 0.1, and I tried to be super cautious about how I set it up — but I can’t shake this feeling that I might’ve messed up somewhere. Here’s what I did: Installed BlueWallet on an Android phone Switched the phone permanently offline (no SIM, no Wi-Fi, never going online again) Created the wallet, wrote down the seed phrase (also memorized it), and exported the xpub Set up a watch-only wallet on a second phone to monitor it Then I did a test restore of the
Public
BOCVIP

This must be a scam bocvip.com/827196/this-must-be #bitcoin #BitcoinBeginners #BitcoinForBeginners #btc #BTCBeginners #BtcForBeginners

BOCVIP · This must be a scamI know sound stupid saying this and i know this is not the right approach but why does this even exist?The tradeview technicals for crypto-currencies.They give out somewhat signals for sell, buy or strong sell, strong buy. These vary for time periods. I’ve tried trading through these and without applying my own analysis believing the pros would know better right? But nevertheless they have almost always been wrong and i’ve been cooked. I wanted to know if anyone knows how i can use them as an auxiliary method to help improve my decisionshttps://www.reddit.com/r/BitcoinBeginners/comments/1jwmtq7/this_must_be_a_scam/Posted by Specialist-Voice3776
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BITBBQ

This must be a scam bitbbq.com/en/170331/ #Beginners #Bitcoin #BitcoinBeginners #BitcoinForBeginners #BTC #BTCBeginners #BTCForBeginners

BITBBQ · This must be a scamI know sound stupid saying this and i know this is not the right approach but why does this even exist?The tradeview technicals for crypto-currencies.They give out somewhat signals for sell, buy or strong sell, strong buy. These vary for time periods. I’ve tried trading through these and without applying my own analysis believing the pros would know better right? But nevertheless they have almost always been wrong and i’ve been cooked. I wanted to know if anyone knows how i can use them as an auxiliary method to help improve my decisionshttps://www.reddit.com/r/BitcoinBeginners/comments/1jwmtq7/this_must_be_a_scam/Posted by Specialist-Voice3776
Public
BOCVIP

Had a serious talk with ChatGPT, thoughts and questions on L2, Fee Markets and ETF adoption bocvip.com/826797/had-a-seriou #bitcoin #BitcoinBeginners #BitcoinForBeginners #btc #BTCBeginners #BtcForBeginners

BOCVIP · Had a serious talk with ChatGPT, thoughts and questions on L2, Fee Markets and ETF adoptionNow that block rewards are phasing out, ChatGPT identified 3 major areas that could contribute to growth: L2 network takeoff driving usage. This opportunity was bright in 2022 but rated lowly by GPT. L2 usage is nearly non-existent and the network effect case is now weak. Fees replacing block rewards as compensation to miners. This no longer seems plausible since fees as a percent of miner revenues hover from 1 to 10% each year. ETF flows. The trouble here is the big names are mostly custodians for speculators and uncommited investors. Around 75% are speculators mirroring price action (in both
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