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DesertNomad
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DesertNomad 1 year ago
Nostr is a game-changer for digital freedom. Own your keys, control your narrative, and bypass centralized control. #Bitcoin #Nostr #DigitalFreedom There is a lot of noise on #Nostr and little tools to control it, especially on a group basis. Example lists to mute consolidated by at least x people I follow / trust. Bots and chatgpt replies are rampant ... Even personal messages. It is not all hunk dory here. For some weird reason the Nostr superstars get more than 80% of the zaps.. at least this is my impression
DesertNomad 1 year ago
People need to realize why #Bitcoin is gonna go up forever In a debt-based fractional reserve financial system, the money supply must continually expand to support the outstanding debt. Otherwise, everything will collapse. This is the natural state. On a long term time horizon of decades, or generations: - stocks in companies have risk based on leadership decision making and consumer sentiment - gold has risk of verification, derivatives exposure, and supply manipulation by miners - real estate has risk of property tax and maintenance costs
DesertNomad 1 year ago
"Bitcoin is too complicated!" Oh, you think you understand how the dollar works?
DesertNomad 1 year ago
Someone bought 27 Bitcoin from #Binance and sent it to #SatoshiNakamoto's address 🤯 $100,000 #Bitcoin coming?👀 image
DesertNomad 1 year ago
Building wealth in the cryptoverse? Diversify with Bitcoin at the core, avoid altcoin scams, and stay patient. #BitcoinMaximalist #CryptoWealth #HODL #Fren let's talk .... #nostrich
DesertNomad 1 year ago
Protecting your wealth in the digital age means allocating a part to Bitcoin and staying away from fiat dilution. Remember, it’s all about the long game. #Hodl #BTC #SoundMoney
DesertNomad 1 year ago
Stacking sats isn’t just about hodling—it’s about mastering your #InvestmentStrategy in a world of fiat debasement. Start small, stay consistent. #Bitcoin #StoreOfValue
DesertNomad 1 year ago
#Bitcoin no 6 in #asset rankings! #investing #nosrrich with no #fren send me #love image
DesertNomad 1 year ago
How to consolidate your UTXOs To consolidate #UTXOs in your #cryptocurrency wallet, follow these steps: - **Check Your UTXOs**: Start by looking at the #UTXOs in your #wallet. This will give you an idea of how many small outputs you have that you might want to combine. - **Create a Consolidation #Transaction**: - Choose several small UTXOs that you want to consolidate. - Set up a transaction where you send these UTXOs to your own #wallet address. This will combine them into a single, larger #UTXO. - **Set an Appropriate #Transaction Fee**: - Consider the current #network fees. Since you're consolidating multiple inputs, the transaction size will be larger, potentially increasing the fee. - Use your #wallet’s fee estimation tools to select a fee that balances cost and speed. - **Broadcast the #Transaction**: - Review the transaction details to ensure everything is correct. - Once you're ready, broadcast the transaction to the #blockchain network. - **Verify the Consolidation**: - After the #transaction is confirmed, check your #wallet. - You should see that the smaller UTXOs have been combined into a single, larger UTXO. ### Key Considerations: - **#Privacy**: Be aware that consolidating UTXOs can reduce your privacy by linking multiple outputs together. - **Timing**: It’s often better to do this when #network fees are low to save on transaction costs. - **#Wallet Capabilities**: Some #wallets may not allow manual UTXO selection. If that’s the case, you might need a more advanced wallet or use a tool like #Bitcoin Core. By following these steps, you can effectively manage and consolidate your UTXOs, making future transactions smoother and potentially cheaper. #follow.or #like #fren help a #nostrich with some #love
DesertNomad 1 year ago
Transaction fees are very low. Take the opportunity!!! ### Efficient Bitcoin Management: Strategic UTXO Consolidation and Privacy Considerations Managing UTXOs smartly can save you big on fees and make your Bitcoin easier to spend. It’s crucial to be strategic when acquiring and storing Bitcoin. Aim to create UTXOs with at least 0.01 BTC. Keeping your "piggy bank" neat by consolidating smaller UTXOs into bigger ones at the right time can maximize your holdings' value. Consolidate during quiet times like nights and weekends to avoid high fees. Block space might be in much demand in the future increasing transaction fees exponentially. 1 #BTC address can have many #UTXO, if you buy 100 USD worth every month at the end of the year you will have 12 UTXO ### Key Considerations for UTXO Management - **#UTXO Management** - #Importance: Optimizes transactions, minimizes fees. - #Challenges: Too many small UTXOs can reduce wallet efficiency, increase costs. - #Dust: Small UTXOs (<0.0001 BTC) can become unspendable due to high fees. - **#UTXO Consolidation** - #Purpose: Combines small UTXOs into larger ones to streamline management and reduce costs. - #Timing: Best done during low fee periods to preserve value. Like now. - #Impact on Multisig Wallets: Heavier processing may lead to higher fees, making consolidation important for long-term holdings. - **#Bitcoin Privacy** - #Risk: Merging UTXOs can reduce privacy, potentially exposing the total amount of Bitcoin held. - #Balancing Privacy and Efficiency: Weigh privacy considerations against the need for efficient UTXO management. - **#Transaction Fees** - #Monitoring: Regularly check fee markets, especially when planning large or urgent transactions. - #Fee Optimization: Use tools like fee calculators and block explorers to minimize transaction costs. - **#Self-Custody Strategy** - #Optimal UTXO Size: Aim to create UTXOs with at least 0.01 BTC to ensure future usability. - #Deferred Transfers: Consider delaying transfers to self-custody until accumulating a substantial amount. But always not your keys ... - **#Bitcoin Network Efficiency** - #Data Minimization: Proper UTXO management reduces unnecessary data creation on the blockchain, optimizing network performance. - **#Wallet Performance** - #Efficiency: Consolidating UTXOs improves wallet performance and simplifies tracking your holdings. ### Take Action Managing your UTXOs effectively is key to saving on fees and keeping your Bitcoin easy to spend. Be strategic, consolidate wisely, and balance privacy with efficiency to make the most of your holdings. #zap #follow #like show me some #love #fen See how to do it:
DesertNomad 1 year ago
Bitcoin: 1 Million Addresses Now Hold 1 BTC The Bitcoin market continues to surprise and evolve. An important milestone has just been reached: more than one million Bitcoin addresses now own at least one BTC. This news, reported by the blockchain analytics platform IntoTheBlock, highlights a significant trend in the adoption and trust in Bitcoin. image
DesertNomad 1 year ago
3,070 Four Year HODL periods of #Bitcoin have been positive The worst four year HODL period was: December 16th, 2017 to December 15th, 2021 a 155% return, representing a 22.2% CAGR 99.7 percentile CAGR of 26.4% #Bitcoin belongs on all corporate balance sheets Not financial advice image
DesertNomad 1 year ago
Marathon announce image s its now stamping each #Bitcoin block it mines with "Made in USA" 🇺🇸
DesertNomad 1 year ago
A society should “make the right things easy and the wrong things hard” (Ray Hunt)
DesertNomad 1 year ago
Why did the #Nostrich refuse to attend the party? Because they knew it would be a #centralized event! Follow a #fren
DesertNomad 1 year ago
Bitcoin #conference left me with these 2 feelings: Heavy political influence overshadowed the event, reducing #opportunities for free exchange of ideas. Politicians using #Bitcoin as a pandering tool dilutes the conference's core value. Seems that the top 1% of the #community are getting 90% of the non price upside.