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note1ka8fn...
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Without an ASIC, you will just be "DCAing with more steps" and absolutely mining at a loss. If you have spare CPU/GPU power, may as well contribute it to scientific research with #BOINC or Folding at home. I've been doing it for years and it heats my living space in winter.
Reed · 64w
Oh God. I don't know why this is bad, but sneaking it in right at the wire makes me just assume it's bad. Like if it was good why didn't he do it 4 years ago? Thoughts? #asknostr nostr:nevent1qqstkm...
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Pretty typical for presidents in lame duck period make a flurry of wild executive orders. They aren't worried about political blowback since they're not up for election and don't need to worry about keeping congress "on good terms" to pass legislation since time has run out to utilize congress for anything, the orders are usually reversed when the incoming admin arrives, and they score some political points for their party with voters who think they're doing "the right thing" even though they spent the last 3.8 years not doing the thing they are now suddenly doing.
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Derek Ross · 64w
nostr:nprofile1qqs22d4tralncqfnh2kmmarjkxk8449hwnk5xtqe3y5yry6hy7ytegqpzemhxue69uhk2er9dchxummnw3ezumrpdejz7qgcwaehxw309ahx7um5wghxvmt59emkj73wvf5h5tcpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsymkvl9 had a ...
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Thanks Derek! I'm thinking about installing BTCPay server via docker on a VPS or local PC, unless there's some kind of "meta-package" that can better help automate installation of BTCPay server, lightning components, potentially other tools? Is this what Alby Desktop or umbrel does? My lack of knowledge in is in how, if all, these things should be connected to each other.
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I have a #Wordpress #Woocommerce site and I want to accept payments in lightning. This is in a shared hosting environment, but I could spin up a VPS if absolutely necessary. What do I need for this? BTCPayserver? Alby hub/desktop? Do they offer the same thing or do I need both? #asknostr #bitcoin #lightning
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Derek Ross · 64w
nostr:nprofile1qqs22d4tralncqfnh2kmmarjkxk8449hwnk5xtqe3y5yry6hy7ytegqpzemhxue69uhk2er9dchxummnw3ezumrpdejz7qgcwaehxw309ahx7um5wghxvmt59emkj73wvf5h5tcpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsymkvl9 had a woocommerce plugin. It works well. I've set it up before. https://docs.btcpayserver.org/WooCommerc...
Kayhan Sepanta 🪽 · 64w
i need to study them more...
nostrich · 65w
Awful
Deleted Account · 65w
A friend asked me today for some advice on how to secure 5 million sats in a single UTXO for 18 years. A gift to their niece to spend in the future. Assumptions: - No one will be around to guide the...
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As others have said, you can just create an offline/cold wallet either using software (like Electrum) or a signing device of some kind. But it's worth noting that 18 years from now, Bitcoin may look quite different. While a wallet from 15 years ago will still work, it is much more expensive to send transactions with it. It's possible that in 18 years, Bitcoin will have at least partially or maybe even fully moved to quantum-proof signing algorithms. If quantum computing becomes a reliable attack vector in that time period, old wallets may be useless.

Seed phrases are great, but will the software used to generate that seed phrase still exist in 18 years and be easy to install on the latest operating system? At least with a simple private key, it can be universally imported to any Bitcoin wallet, whereas a seed phrase requires knowing the derivation path and having software to support it.

So my answer is:
1. Make an offline/cold wallet using any wallet software, electrum is well known and supported
2. Receive all the funds you wish to transfer into a single UTXO
3. Export the private key for that UTXO.
4. Put the seed phrase AND private key onto metal or archival quality paper

Another consideration on that timescale is natural disasters. What if the house they store this thing in burns down or is burglarized? Using a multi-sig wallet can help with this, but will make things more complicated.
Turtlesallthewaydown⚡️ · 65w
https://tipcards.io/ The cool thing about tipcards is you can set an expiry date and periodically sweep back any unclaimed tips. Thus no ‘lost’ Bitcoin. It puts the onus on the tip receiver to...
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If somebody wants to claim a tip, do they need to setup a wallet with inbound liquidity?

I was thinking of just making a temporary zeus wallet and then putting the seed phrase for that wallet on the tip card I leave. But, of course, doing this manually for every time would be rather time consuming.
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Turtlesallthewaydown⚡️ · 65w
Likely the easiest way to claim a tip is to download a custodial lightning wallet such as Wallet of Satoshi.