Seeing what is currently going on over at X, "bring back the guillotine" doesn't seem so bad now, does it?
k3tan
npub1txwy...yt4x
Bitcoin | Self hosting | FOSS | Aviation | Freedom
Remember kids: Not your keys, not your coins.
Let's see what happens to this account. Probably nothing, because he supports the current thing.
Fresh communism delivered direct to my inbox.
Interesting results from a survey of home labbers/self hosters.
selfh.st
2023 Self-Host User Survey Results
Visualized results from the year's annual user survey
Feeling cute. Might open some lightning channels at 1sat/vbyte.
boom boom boom
You may not like it, but this is what peak performance looks like.
Bitcoin has lived in my mind rent free everyday for over a decade.
Wild.
I can't believe how good the game theory of Bitcoin is. Amazes me everyday.
The block size
The supply cap
The difficulty adjustment (absolute genius)
The ~10min block intervals
The fee market
The private/public keys
The UTXO set
The p2p network
The adversarial and anti-fragile nature of it all
Just incredible foresight. Never seen anything like it before.
When you realise computers and the internet are tools for freedom, not just entertainment...
10 things I like about Bitcoin
- Open source
- Finite supply
- Fair distribution
- Decentralised
- Sticks to the rules
- Seizure resistant
- Censorship resistant
- No downtime
- No leader or central authority
- It's global
@ODELL in disbelief.
X marks the spot where a thriving community once lived.
h/t @npub1pk37...gwnd
The road to hell is paved with good intentions.
LFG
A step by step guide for newcomers on how to self custody, alongside an important FAQ on how to improve.
Sparrow Wallet 101: Self Custody Your Bitcoin | Ministry of Nodes
This article describes how to self custody your bitcoin using your laptop or desktop PC.
DIY MULTISIGNATURE WALLETS FOR SELF CUSTODY
There's been a bit of chatter around DIY multisignature wallets using hardware wallets from different vendors. As you dip your toes into it, here are some questions you might want to ask yourself.👇
1. What do I need to back up? What exactly am I backing up here?
2. What do I do if I lose one of the hardware devices?
3. What do I do if one hardware device is compromised?
4. What do I do if a hardware device updates to a new firmware that is no longer compatible with the multisignature software tool I'm using?
5. What do I do if the multisignature software tool I'm using is no longer compatible with a hardware device I'm using?
6. How often do I check my hardware devices to see if they're still functioning?
7. How often do I update the firmware to my hardware devices? Will this break anything? Have I tested post firmware update?
8. Where do I physically store my hardware devices?
9. Where do I store the seeds to the hardware devices?
10. Have I tested recovering my multisignature wallet?
11. Have I tested recovering my multisignature wallet in an alternative software to the multisignature tool I'm currently using? Do I get the same result?
12. Have I tested creating and signing a transaction from my multisignature wallet using all possible combinations?
13. If I need to restore my multisignature wallet, does the order of the devices matter in the software tool I'm using? Have I tested this?
14. Device specific considerations - Would you be comfortable with keeping (for eg) a Trezor One in a location that others have access to?
15. Have I thought about this setup from an inheritance perspective in the event something unforeseen were to happen to me?
Side note: some examples of multisignature wallet software tools include electrum, caravan, specter, sparrow and lily.
Whilst multisignature wallets add considerable security to your Bitcoin, DIY options right now present opportunities to shoot yourself in the foot if you're not careful. Some of the questions are deeply personal.
It takes time and effort to understand the complexities involved.
Freedom doesn't come for free.
Have they considered stopping the printing of money?
