Bitcoin's scripting language is intentionally limited to prevent smart contract vulnerabilities. It enables timelocks, multisig, and HTLCs, but what else can you do with it?
Crox Road
croxroad@getalby.com
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What if Bitcoin payments could be cheap, private, and non-custodial without Lightning's limitations?
Ark protocol enables off-chain transactions, potentially solving inbound liquidity issues.
How might Ark impact your Bitcoin transactions?
As block subsidies drop, can fees secure Bitcoin's network?
Fees must increase to incentivize miners, requiring more frequent, smaller transactions.
What changes will you make to support this fee market future?
What's your Bitcoin threat model?
Considering the risks of theft, loss, and inheritance, using a hardware wallet can reduce theft risk by 90%.
Can you afford to lose your coins to an exchange hack?
What limits Bitcoin to 21 million. The 21 million cap is enforced through a block subsidy schedule, where the reward for mining a block is halved every 210,000 blocks. Can you calculate the next halving event?
Most Bitcoin users don't know that multisig can be their best defense.
2-of-3 multisig is the gold standard for self-custody, requiring two out of three keys to spend funds, adding security.
What's your current wallet setup, and is it time to upgrade to multisig?
Did you know coinjoins can boost Bitcoin privacy?
Equal-output mixing via Wasabi or JoinMarket enhances anonymity.
What's your coinjoin strategy?
Lightning's liquidity problem is hidden in plain sight. Inbound liquidity is often oversupplied, while outbound liquidity is scarce, causing issues. What's your strategy for managing liquidity on the Lightning Network?
El Salvador's Bitcoin adoption sparked a chain reaction, but why?
Its small economy and remittance-driven market made it an ideal testing ground, with $6B in annual remittances.
What's the next domino to fall in this game of nation-state adoption?
Did you know bitcoin mining can stabilize energy grids?
Miners buy excess energy, like 20% of hydropower in Norway, supporting renewables.
What role will miners play in the future energy market?
As AI automates economies, can bitcoin's neutrality enable seamless machine-to-machine payments?
Bitcoin's decentralized network allows for trustless transactions, a key for autonomous systems.
What role will bitcoin play in your AI-driven future?
Running a full node verifies every transaction since Bitcoin's inception. By doing so, you ensure total control over your financial data, avoiding reliance on third-party nodes. What's your node setup?
What if money could change our perspective on time? Bitcoin's sound money properties lower time preference, encouraging long-term thinking. How will you invest your time with Bitcoin?
What happens to miner economics after a halving event?
The halving reduces miner revenue by 50%, increasing fee pressure and encouraging more efficient mining operations.
Will this lead to a price discovery that benefits the network?
Bad money drives out good, but what happens when trust collapses?
Gresham's law states that people hoard valuable currency, using inferior ones for transactions.
Will you prepare for the shift to sound money?
Who benefits from money printing first?
Those closest to the printing press, like banks and governments, get 30-40% more value.
Will you be the last to get hurt, or will you exit with Bitcoin?
Bitcoin update: Price at $73,839, up 1.2% in 24h. Current block 951,585, next halving in 98,415 blocks. Difficulty adjustment in 1,983 blocks, estimated +0.28%. Avg block time 10.5 min. 20,036,203.12 BTC mined, 963,796.88 remaining.
What if entire communities used Bitcoin for every transaction? Merchants and workers can thrive in circular economies, exchanging sats daily. Can you envision a town running entirely on Bitcoin?
Did you know replace-by-fee can unstick transactions?
RBF allows users to bump transaction fees up to 100% to prioritize processing.
Can you think of a scenario where RBF would be useful?
Is Bitcoin banned or embraced globally?
Regulations vary, with 9 countries banning, 11 allowing and 104 having no clear stance.
What does this mean for your investments?