Asaad's avatar
Asaad
Asaad@stacker.news
npub14rsz...f2t0
Architect.
Asaad's avatar
Asaad 1 year ago
Is it the biggest recorded monthly candle of all times? #bitcoin
Asaad's avatar
Asaad 1 year ago
#Bitcoin froze every market. They are all just watching the giant moving.
Asaad's avatar
Asaad 1 year ago
#Bitcoin is the portal to free markets. image
Asaad's avatar
Asaad 1 year ago
Nah am not buying MicroStrategy stock or any other strategy to have exposure to ₿. #Bitcoin is the ONLY Exit Strategy. Stack sats & stay humble.
Asaad's avatar
Asaad 1 year ago
Honestly, I Miss the talks about the #bitcoin technical side, but I guess that is another talk in the bear market. Bitcoin technical terms cover a wide range of concepts, tools, and mechanisms related to its functioning as a decentralized digital currency. Here’s a comprehensive list, grouped by categories: General Bitcoin Terms Bitcoin (BTC): The cryptocurrency and payment network. Satoshi (SATs): The smallest unit of Bitcoin, equal to 0.00000001 BTC. Blockchain: A decentralized ledger where Bitcoin transactions are recorded. Cryptocurrency: A digital or virtual currency secured by cryptography. Decentralization: A system without central authority, where control is distributed across participants. Peer-to-Peer (P2P): A network model where participants communicate directly without intermediaries. Open Source: Bitcoin's code is publicly accessible and modifiable. Transaction-Related Terms Wallet: Software or hardware used to store Bitcoin. Public Key: The address used to receive Bitcoin. Private Key: The secret key that grants access to spend Bitcoin. Digital Signature: Cryptographic proof of transaction authorization. UTXO (Unspent Transaction Output): Unspent outputs from Bitcoin transactions used as inputs for new transactions. Transaction Fee: A fee paid to miners to confirm a Bitcoin transaction. Mempool: A waiting area for unconfirmed Bitcoin transactions. SegWit (Segregated Witness): A protocol upgrade that separates transaction signatures to increase block capacity. Multi-Signature (Multisig): A wallet setup requiring multiple keys to authorize a transaction. Mining and Consensus Mining: The process of validating transactions and adding them to the blockchain. Proof of Work (PoW): The consensus algorithm used to secure Bitcoin's network. Hash: A fixed-size alphanumeric string generated from input data. Nonce: A variable miners adjust to solve a block's hash. Block Reward: New Bitcoins rewarded to miners for solving a block. Halving: An event that reduces the block reward by half every 210,000 blocks (~4 years). Difficulty Adjustment: The process of recalibrating mining difficulty every 2,016 blocks (~2 weeks). Network and Protocol Node: A computer running Bitcoin software that validates transactions. Full Node: A node that fully validates the Bitcoin blockchain. Lightweight Node: A node that relies on full nodes for blockchain data. SPV (Simplified Payment Verification): A method for lightweight nodes to verify transactions. P2P Network: The decentralized network of Bitcoin nodes. Consensus Rules: The set of rules that all nodes follow to validate blocks and transactions. Cryptography and Security SHA-256: The cryptographic hash function used in Bitcoin. Elliptic Curve Cryptography (ECC): The math behind Bitcoin's public/private key pair. Cold Storage: Offline storage of Bitcoin to enhance security. Seed Phrase: A mnemonic phrase used to recover a Bitcoin wallet. Encryption: Securing information so that only authorized parties can access it. Scaling and Forks Block Size: The amount of data a Bitcoin block can hold (1 MB by default). Fork: A change to the Bitcoin protocol, leading to a split in the blockchain. Soft Fork: A backward-compatible protocol update. Hard Fork: A non-backward-compatible protocol update. Lightning Network: A Layer 2 scaling solution for faster, cheaper transactions. Economic and Market Terms 21 Million Supply Cap: The total number of Bitcoins that will ever exist. HODL: A slang term for holding Bitcoin long-term. FOMO (Fear of Missing Out): The anxiety of missing investment opportunities. FUD (Fear, Uncertainty, Doubt): Negative information spread to create panic. Whale: A person or entity holding a large amount of Bitcoin. Market Cap: The total value of all existing Bitcoin. Development Terms Taproot: A Bitcoin upgrade for improved privacy and scalability. BIP (Bitcoin Improvement Proposal): A design document for introducing new features. Testnet: A Bitcoin testing environment separate from the main network. Satoshi Nakamoto: The pseudonymous creator(s) of Bitcoin.
Asaad's avatar
Asaad 1 year ago
The amount of #bitcoin SATs I distributed trying to convince people about bitcoin I'm sure they are all lost, I singly helped wasting a million sats alone reducing the supply by 1M sats lol, the supply shock of bitcoin is not yet priced in.
Asaad's avatar
Asaad 1 year ago
I would prefer a strategic #Bitcoin plan from saifedean , whose insights could greatly benefit the #Arab & #Islamic world through a sustainable approach to Bitcoin adoption, compared to saylor's debt-driven concept.
Asaad's avatar
Asaad 1 year ago
What are your thoughts on this one? #USDT on #lightning #bitcoin #nostr #plebchain image
Asaad's avatar
Asaad 1 year ago
#Nostr is a beautiful mess.
Asaad's avatar
Asaad 1 year ago
2 #bitcoin SATs = 1.08 Sudanese Pound SDG #Sudan Soon 1 SAT = 2 SDG. image
Asaad's avatar
Asaad 1 year ago
The podcast just dropped a promo and @Saifedean Ammous ⁤⁣ is dropping facts about Central Banks. #bitcoin FTW
Asaad's avatar
Asaad 1 year ago
FINALLY, it's here I've been waiting for this more than Saylor on Joe Rogan. Saif is about to orange pill the entire Arab nations. #bitcoin #nostr #pleb #zap image
Asaad's avatar
Asaad 1 year ago
Saylor brain just had a malfunction on stage. 😂 This one is WILD. #bitcoin #Satoshi #nostr #zap
Asaad's avatar
Asaad 1 year ago
Saudis and the rest of the Middle East are about to be exposed to #bitcoin through one of the biggest podcasts in #SaudiArabia and the #MiddleEast 4 million subscribers to the #Thmanyah podcast on YouTube is about to hear from the best person who charted the path of the #Bitcoin standard, Dr. Saifeddine Ammous Author of the book The Bitcoin Standard. image COMING SOON...
Asaad's avatar
Asaad 1 year ago
#Bitcoin Act of 2024. Congress.gov image
Asaad's avatar
Asaad 1 year ago
#Trump attorney general. #nostr image
Asaad's avatar
Asaad 1 year ago
My god people are trolling him badly now! #Bitcoin image