BTCforPlebs

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BTCforPlebs
btcforplebs@btcforplebs.com
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A place for ordinary people to learn about Bitcoin 🧡

Notes (16)

Switching from IBIT to FBTC is like two kids endlessly trading the exact same Bitcoin IOU back and forth, but the actual Bitcoin never leaves Coinbase Custody’s vault. - Kid A sells his “BlackRock Bitcoin IOU” and uses the dollars to buy Kid B’s “Fidelity Bitcoin IOU.” - Both IOUs are backed 1-to-1 by the very same stack of Bitcoin sitting untouched in a Coinbase cold wallet. - No Bitcoin is ever handed from BlackRock to Fidelity. - No Bitcoin is handed from Fidelity to BlackRock. - Coinbase Custody doesn’t move a single satoshi between segregated client wallets — why would they? Net exposure for the entire system hasn’t changed by one atom. - The Bitcoin ledger (the real blockchain) never nothing, zero transactions, zero fees, zero anything. Dead silence. 🔕 Yet the price on every exchange, every Bloomberg terminal, every ETF ticker jumps around like crazy because millions of kids (institutions, retail, algos) are frantically swapping these IOUs on a regulated playground called the stock market. The actual Bitcoin never moved as much as a brick in a bank vault moves when you swap a BlackRock vault receipt for a Fidelity vault receipt. There was no tree in the woods that fell, so of course it didn’t make noise. The only thing that made noise was a bunch of tourists trading colored paper claims while the real Bitcoin sat there, perfectly silent.
2025-12-04 10:35:36 from 1 relay(s) View Thread →
Consensus doesn’t care  nostr:nevent1qqszvn7z72uzvfjmwmmtwndhwaqa67m7guvpys55z5z047skjwltklqzypsm77gtyz22lvp5jhy7zd4v7c2mur7vct9etddvld0kenh7rzcxyqcyqqqqqqgprdmhxue69uhkcmm8v4hzucn5vdnx7unsd3jkyuewvdhk6qgmwaehxw309aex2mrp0yhxyarrvehhyurvv438xtnrdaksz9nhwden5te0wfjkccte9ec8y6tdv9kzumn9ws2t2hl7 nostr:nevent1qqsv7d25g4dzluvpug0xrchq52sk8k43mp32rq9gcetvgju2qr2xc8qzyr5rke4ga5kn0srar2l2dcdsqzs42jwxj5y05nzcw42k654s2fkzkqcyqqqqqqgkax3vx
2025-12-04 10:08:08 from 1 relay(s) View Thread →
Nostr doesn’t need you, you need nostr
2025-11-28 01:55:00 from 1 relay(s) View Thread →
Bitcoin can’t go to zero because like 10% the supply is lost in some dude’s old Dell from 2013 and those coins ain’t ever hitting the market again. So the rest of us are basically passing around the only sats that are left, and someone’s always going to need it to escape inflation, that’s worth something; to someone, somewhere. You can’t have $0 Bitcoin when some Chad from Omaha is still stacking $5 a week.
2025-11-23 17:43:21 from 1 relay(s) View Thread →
You sell 0% of the bitcoin you never buy —which also means— You buy 100% of the bitcoin you never sell nostr:nevent1qqstz98c2lhasvnkew3cdtzd66agt8998ukx9glnqzjjc3j0fytahtszypsm77gtyz22lvp5jhy7zd4v7c2mur7vct9etddvld0kenh7rzcxyqcyqqqqqqgprdmhxue69uhhyetvv9ujucn5vdnx7unsd3jkyuewvdhk65xvlmh
2025-11-21 22:15:05 from 1 relay(s) View Thread →
Don’t get ahead of yourself, you’re just a primate with an electric pacifier in your hand
2025-11-21 09:28:37 from 1 relay(s) View Thread →
The goal of BTCforPlebs.com was a place to NOT ONLY learn about Bitcoin, Lightning, Cashu, and Nostr. But to also USE IT firsthand! I believe I have configured all the elements for the actions to take place. From making your first wallet to creating a LNURL; from using a bunker to running your own relay. Now it’s time to empower people to do this exact thing themselves, filming begins this week for the website video series!
2025-11-20 12:13:55 from 1 relay(s) View Thread →
nostr:npub1nyrfgkqutqfyfzwskzxl5nf2w536wya3d2pf5z7pvxkc90laey2sfclzp9 I am running flotilla.btcforplebs.com and community.btcforplebs.com (frith) why can’t I figure out how to add a discussion thread on Flotilla 🙃 all I see right now is the chat
2025-11-19 20:48:31 from 1 relay(s) View Thread →
“NOT YOUR CODE - NOT YOUR NODE” https://youtu.be/W4jB25ylAtk nostr:npub1f07fly9xl3mzr2spk50hz93lm8a5hgt06l6y7kva2ja5we3wq26qp6dh6h nostr:npub1vxlhjzeqjjhmqdy4e8sndt8kzklqlnxzew2mtt8mtakvalsckp3qa0gnvx
2025-11-19 16:33:53 from 1 relay(s) View Thread →
Stay humble and open a lightning channel or something
2025-11-14 12:19:26 from 1 relay(s) View Thread →
Give this a shot for me :) LNURL1DP68GURN8GHJ7MRFVA58GMNFDENJUCN5VDNX7UNSD3JKYUEWVDHK6TMHD96XSERJV9MJ7CTSDYHHVVF0D3H82UNV9AYRJC2PGEGHWSME09TYK665WEHNWKFKG3U95RHT5KJ
2025-10-19 22:11:26 from 1 relay(s) View Thread →
Freedom of speech is much more important than freedom of speech nostr:nevent1qqsw7h05f6pdx6ng8jszfv77q7k757rsmmdexwqskr9sa3qtxflh3aszyqzvj9w6alhrsvtl5u6ygjkwuwg2sf5lukqskgjpuhnd6dpal0kvjqcyqqqqqqgpzemhxue69uhhyetvv9ujuurjd9kkzmpwdejhga7nqpr
2025-10-15 12:18:04 from 1 relay(s) View Thread →
Bitcoin Price LIVE 👇 nostr:naddr1qqrrwdfsxq6rqq3qw4rz7n0vunaau499xh86p84s6v5mmgys48p0nmttt7w36takc9dsxpqqqpmxwqg5waehxw309aex2mrp0yhxgctdw4eju6t0qyt8wumn8ghj7un9d3shjtnswf5k6ctv9ehx2aqprdmhxue69uhhyetvv9ujucn5vdnx7unsd3jkyuewvdhk6nmy23h
2025-10-13 17:03:39 from 1 relay(s) View Thread →
🚀 NIP-49 Decryptor – Offline Key Recovery A fully offline web app to securely decrypt your NIP-49 encrypted keys. https://BTCforPlebs.com/nip-49decrypt Features: -Offline-only, no internet allowed -Uses libsodium & scrypt for secure decryption -Self-contained, auditable HTML -Works on air-gapped machines How to Use: -Download the NIP-49 Decryptor HTML -Go offline -Paste your ncryptsec string and password to decrypt -Export your private key securely ⚠️ Tip: Always verify the file source and stay offline while decrypting.
2025-10-11 17:13:11 from 1 relay(s) View Thread →