Disruptvestor⚡'s avatar
Disruptvestor⚡
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Bitcoiner. Conduit for #Bitcoin. BTC Info, Data & Charts. Reformed MBB Management Consultant. M7 MBA. Econ Grad. Not Financial Advice.
The Hierarchical Deterministic (HD) wallet framework helps you receive, store and send #Bitcoin. Here is a look under the hood to understand how the HD wallet framework organizes your seedphrase, public & private keys, different accounts and multiple addresses. This tree like structure in HD wallets, integrates multiple protocols (e.g. BIP-32, BIP-39, BIP-44, etc.) to create a robust, flexible and user-friendly system for key & address management. image
Ever wondered how different protocols come together to secure your Bitcoin? Here is a simple framework that explains the core functions of protocols to generate keys, create mnemonic seed phrases, manage wallets, enhance security and authenticate transactions. Study #Bitcoin. image
Going-out on the risk curve does not end well! Altcoins have a track record of low survival rates. The further you go down the rankings, the greater the risks. And, the recent proliferation of Altcoins make the risk of total loss near certain. Choose wisely. Study #Bitcoin. image
Unpopular opinion: Banks will not die, they will simply transform into accelerators for Bitcoin. Internet & E-mail, forced postal players to overhaul themselves from physical letter delivery specialists to e-commerce driven parcel & package focused companies. Similar to the transformation of postal operators, banks will morph into agents, advocates & accelerators of 'The #Bitcoin Network'.image
Not being allocated to BITCOIN, is an invitation to missing-out BIG time! The distribution of monthly returns clearly illustrates #Bitcoin's potential to outperform every other TradFi asset during a bull run. All Tradfi assets fade before Bitcoin. image
Duality is at the core of Bitcoin. The primary challenge in understanding Bitcoin is that it cannot be neatly classified into mutually exclusive categories. Once we accept duality, we begin to understand #Bitcoin! image
Similar to the Internet, Bitcoin has been called "dead" - for over 470 times by experts & gurus of 'reputable' organization. It has been 15 years since Bitcoin's inception and the deep rooted scepticism continues to remain. Study #Bitcoin, and build your own perspective. image
#Bitcoin is the antidote to 'forever wars'. The combination of weak fiat money with unlimited supply and low unit cost weapons can lead to forever wars that destroy & impoverish the world. BTC is the money of peace & progress. It incentivizes diplomacy and collaboration. image
When it comes to network security: 1. The #Bitcoin Network's elegant solution built-on miners, nodes, the PoW consensus algorithm and global incentive-based collaboration OUTPERFORMS 2. The Banking Network built on physical vaults, surveillance systems and regulations. image
Over the next years, similar to Bhutan & El Salvador - we will see the rise of many more small #Bitcoin nations. Essentially, those nations that need it most will adopt this new monetary technology first. And in the process leapfrog many advanced nation states. (1/2) image
Taking self-custody of #Bitcoin requires you to be solely responsible for the security of your private keys. To maintain strong security you should also have solid privacy measures. Doxing yourself and your BTC stack is not a smart move. Practice privacy to enhance security. image
Self-custodied BTC stored in open source, multi-sig & multi-vendor wallets will save you from all the counterparty risks that Tradfi is infested with. Escape the mesh of counterparty risks by protecting your capital in self-custodied #Bitcoin. There is no second best! image
Your BTC is protected by insurmountable computing power that the world has never seen before. The global Bitcoin network's hashing power is 577 times that of the Aurora Supercomputer! #Bitcoin is decentralized incentive-based capitalism at its best. image
Fiat currency debasement cuts-through the fabric of social contract that people collectively agree to when they engage in productive economic activities. Debasement incentivizes borrowing, dilutes trust, sows division, influences prices and disregards consequences. #Bitcoin image
With Fed rate cuts due today, no one knows for sure how the short-term BTC price movement will unfold. BUT, we all know that eventually #Bitcoin will go on a rampage and not look back. Here is a reminder of what the orange coin can do, when it really gets going. image
The Bitcoin network is much more cleaner than many assume. Bitcoin uses clean(er) energy in comparison to many nation states, plus it enables more value in US$ terms per TWh power that it consumes. The future is clean & bright for #Bitcoin. image
Lock-down your #Bitcoin in an open source, multi-sig, multi-vendor wallet. Leaving Bitcoin on a hot wallet exposes it to several attack vectors. Here is a table that shows how vulnerable your Bitcoin is on a hot wallet. Respect your capital and make the extra effort. image