Tuesday, February 28, 2023
Will the 2024 Bitcoin Halving be a 'disappointment'?
Wednesday, February 22, 2023
Nostr public key for BBCD Satoshi
- npub1873zdgumgaaruxamzrh3x6uvvtfzum947trfrs2plpl0gxek0ztqlfzsva
- https://astral.ninja/npub1873zdgumgaaruxamzrh3x6uvvtfzum947trfrs2plpl0gxek0ztqlfzsva
- Please note: When using Nostr, try using https://astral.ninja/ or https://snort.social/
- Nostr, stands for “Notes and Other Stuff Transmitted by Relays,” doesn't rely on a central server, nor is it a peer-to-peer architecture.
- In its most fundamental form, it allows people to exchange signed messages.
- It does so through a network of relays, which are servers anyone can sign up to run.
- Nostr is a simple, open protocol that enables global, decentralized, and censorship-resistant social media.
- Understanding keys... Each Nostr account is based on a public/private key pair.
- A simple way to think about this is that your public key is your username and your private key is your password, with one major caveat.
- Unlike a password, your private key cannot be reset if lost.
- The public key is generally presented as a string with the prefix npub1 and the private key with the prefix nsec1.
- Make sure you store you private key somewhere safe, like a password manager.
Wednesday, February 8, 2023
Is there a salary or wage effect on the price of Bitcoin?
- With people choosing to be paid their salary and wages in Bitcoin, is there a notable effect on the price of Bitcoin? This means someone who is paid in Bitcoin may then choose to sell that Bitcoin or parts into fiat currency.
- If there is an effect, will this become stronger and more notable overtime as Bitcoin adoption increases?
- If x number of people are being paid in Bitcoin, does this mean there is a spike in Bitcoins being purchased for salary and wages to be paid by companies?
- If x number of people are being paid in Bitcoin, how many of those people either save/HODL their Bitcoin or decide to sell their Bitcoin into fiat money?
- Can these buying and selling periods be correlated at certain times of each month, e.g beginning, middle of end of the months to co-inside when people are paid and consequently cash out?
- Can AI such as OpenAI ChatGPT spot any correlations for a salary or wage effect on the price of Bitcoin?
Monday, February 6, 2023
Interview with BBCD Satoshi about the book “Buy Bitcoin, You’ll Thank Yourself In The Future”
Interview with BBCD Satoshi about the book “Buy Bitcoin, You’ll Thank Yourself In The Future”
Why did you write the book?
“The purpose of writing the book, and also setting up the accompanying website is to show and give confidence to someone looking to dip their toes into buying and or holding (hodling) Bitcoin.”
“At a basic level, I wanted to impart the small amount of knowledge I had learned about Bitcoin which took me several years of reading and discovery. With the knowledge just in my head, that would be no good when I am no longer here! I was diagnosed with a type of cancer in 2022, and that was a wake up call to me. So, the idea of writing the book was a way of imparting knowledge in a non ephemeral, long lasting way. Maybe one day my son will read the book and either laugh or cry out of hope or despair.”
“The other purpose was to help guide and sort the wheat from the chaff. This is to focus on quality products and services, rather than fly by night untrustworthy businesses. Another way of saying that would be to help people focus on the signal rather than the noise.”
“Everything in the book is focused on Bitcoin, and I make a clear distinction between the meaning of Bitcoin versus Crypto. There is only one true cryptocurrency and that is Bitcoin. All other cryptocurrencies are known as crypto and they are not Bitcoin, in my opinion.”
Who is the book aimed at?
“The book is aimed at someone with no knowledge of Bitcoin or someone with a little knowledge."
"It is also aimed at someone that is interested and curious how Bitcoin could be an investment for the long term. Someone looking for a catalyst or a primer to help them on their journey of learning about Bitcoin."
"Holding onto a volatile asset for 10 years is not easy. The book aims to focus on someone looking to have a plan and strategy to hold on to Bitcoin for 10 years, if not 20 years. As an example the Log Time Log Price model created by Harold Christopher Burger gets a thorough mention in the new book which is a fascinating graph/chart to look at when looking at Bitcoin on a long term perspective.”
What is the purpose of the book?
“This comes back to the first question. The purpose of the book is to impart a few years of non programming, general Bitcoin knowledge to the reader, which can potentially give confidence to someone looking to buy and hold Bitcoin. It took me about 12 months to gain confidence before I eventually bought Bitcoin. The learning curve is steep.”
“The issue with Bitcoin and buying some is trust. How can you trust the place or business where you are buying Bitcoin? This is central, because people have worked hard for their money and to just buy Bitcoin from an entity they have potentially never done business with is a risk. Especially when the item they are buying exists only within the digital realm, i.e something they can’t physically hold. Of course, the way that this can be held is with a physical hardware wallet, and your seed phrase either written down on paper or inscribed into metal. Getting back to trust, this is very important. We are starting to see some major household brands enter into the realm of Bitcoin. This is very important to give someone the confidence to invest. The two names that spring to mind are Fidelity and PayPal. The point I am making is that until major household brands enter and stay in the Bitcoin and Digital Asset space, trust will be in short supply.”
“Trust can also be for the reader. How can the reader trust themselves that they will stick to their plan/strategy? How can they trust that they will keep their private key secure? How can they trust they won’t lose their seed/recovery phrase?”
“In summary, I’d say that the purpose of the book is to help someone do their own research and find answers to their questions before buying Bitcoin. Ultimately to give them confidence to dip their toes into buying and or holding (hodling) Bitcoin. All with the caveat that one day, all their investment for whatever reason may have gone or disappeared.”
- https://bbcdsatoshi.com/Books/
Available to purchase from:
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