articfoxb

bitcoin_beginners

LNDHub + MyNode questions

zapsammy

Education

things someone new should know about bitcoin?

It seems that AI is understanding this better than many people.

I asked deepseek the following: things someone new should know about bitcoin, how to use it and make it part of their life?

What is Bitcoin?
Definition: Bitcoin is a decentralized cryptocurrency, meaning it is not controlled by any government, bank, or central entity. It is a form of digital money that operates on a peer-to-peer (P2P) network.

Underlying technology: It runs on blockchain, a secure, public ledger that records all transactions.

2. Key features
Decentralization: There are no middlemen like banks.

Limited supply: There will only ever be 21 million bitcoins, making it scarce and potentially deflationary.

Security: Transactions are encrypted and verified by the network.

Transparency: All transactions are public on the blockchain, but identities are pseudonymous.

3. How to get started with Bitcoin
Get a wallet:

Types of wallets:

Hot wallets: Connected to the internet (mobile, web, or desktop). Examples: Exodus, Trust Wallet.

Cold wallets: No internet connection (hardware or paper). Examples: Ledger <dont use ledger>, Trezor, Coldcard.

Important: Keep your recovery phrase (12 or 24 words) in a safe place. It is the only way to recover your funds if you lose access to your wallet.

Buy Bitcoin:

Exchanges: Platforms like Binance, Coinbase or Kraken allow you to buy Bitcoin with fiat money (dollars, euros, etc.). <search for apps made on your local area or country>

P2P: Platforms like LocalBitcoins or Paxful allow you to buy directly from other people.

Bitcoin ATMs: In some countries there are ATMs where you can buy Bitcoin with cash.

Learn how to send and receive Bitcoin:

Each wallet has a unique address (a string of numbers and letters). To receive Bitcoin, share your address. To send, enter the recipient's address and the amount.

4. How to integrate Bitcoin into your life
Savings: Many see Bitcoin as a long-term store of value, similar to digital gold.

Payments: Some stores and services accept Bitcoin as a payment method. You can use it to buy products, services, or even donate.

Investment: Bitcoin is volatile, so some see it as an investment opportunity. However, do your research and only invest what you are willing to lose.

Remittances: It is a fast and cheap way to send money to other countries.

5. Risks and Precautions
Volatility: The price of Bitcoin can rise or fall dramatically in a short period of time.

Security: Protect yourself from hackers and scams. Never share your private keys or recovery phrase.

Regulation: Bitcoin laws vary by country. Find out about regulations in your area.

Scams: Be wary of offers that are too good to be true, such as Ponzi schemes or fake exchanges.

6. Continuing Education
Resources:

Books: "The Bitcoin Standard" by Saifedean Ammous.

Websites: CoinDesk, Bitcoin.org.

Podcasts: "What Bitcoin Did", "The Pomp Podcast".

Communities: Reddit (r/Bitcoin), Twitter, Telegram.

7. Long-term mindset
Bitcoin is an evolving technology. Adopting it requires patience and continuous learning.

Don't get carried away by FOMO (fear of missing out) or panic during price drops.



**Not your keys, Not your coins**

SN Essentials: Guides on How to Connect your Node or LN Wallet to Stacker.News

supratic

tutorials


In the case of Buzzpay, this platform facilitates the integration of payments in Bitcoin through the Lightning network, allowing users and merchants to accept payments more efficiently, with lower fees and much faster confirmation times compared to traditional transactions on the Bitcoin network. Additionally, Buzzpay focuses on improving the user experience and sats go directly to your node.

**Prerequisites:**
Own a bitcoin node with open channels and liquidity.
[Start9](https://start9.com/)
[Umbrel](https://umbrel.com/)
Add Albyhub to the node.
Within Albyhub>Buzzpay PoS> add a PoS name > a QR code and an https will appear with a link that you must save.
https://image.nostr.build/a6dfe503d48a74589c60572ded541fd15fac0aca948777fd15f1e496427725ee.jpg

Have NFC sticker (I recommend 540 bytes), search on Amazon, Alibaba or Temu. 
https://image.nostr.build/66ccef195de4c8e9b915d6ee62d1e3f8856a5438160200a00d4069c7caeda4da.jpg
https://image.nostr.build/1cfb47ea052e60f60add90d43cd1b70d28208188167a6cf90843cf594e088152.jpg
Download the NFC tool application. 
[Android](https://play.google.com/store/apps/details?id=com.wakdev.wdnfc&pcampaignid=web_share)
[IOS](https://apps.apple.com/us/app/nfc-tools/id1252962749)

**Steps:**
Obtain the Buzzpay https link (see prerequisites).
Ve a NFC tools>Write>add a record> Custom URL/URI
https://image.nostr.build/4839d43916ba59ac05a817edd344a3ab2997aa7e9d354fceae27e029a3874cf6.jpg

https://image.nostr.build/e4629d99553e9ffad01153f958162b7d17f2444c84f6b3cbee66651830d388c0.jpg
 https://image.nostr.build/0cdb605b36c3d1a42f03d045535cbd3dae88429469f4e8ed56152f7c3ae4833d.jpg



In custom URL/URI enter and copy the https address
e.g.
https://pos.albylabs.com/#?nwc=bm9zdHIrd2FsbGV0Y29ubmVjdDovLzIyZDM4NjQ2NmVkYTRiOTIwODVjN2I3ZDhiMTZhZjU4M2NhNmVlYjc2NTcwZGFmZjljOTFmZGZkMzI2MmE2Nzc/cmVsYXk9d3NzOi8vcmVsYXkuZ2V0YWxieS5jb20vdjEmc2VjcmV0PWVjYzdjMTEyZGI0ZjI5MWJkOTIwMjQzY2RmODEzNDQyNzA3ZTMzOTBiNTQ5NjllNTM5MjlhMDhkY2RjZGYzYzk=&name=PoS NFC tutorial 

https://image.nostr.build/5d91fbba4e6e64025c49ce217575d878b87f18711b180b3bc87f20465ce4d610.jpg

5. Bring the NFC sticker closer and save the information 
6. Check the saved information by bringing the NFC sticker closer, a notification should appear (see image) that redirects you to the browser and you can now use your personal PoS whose sats go directly to your node.

https://image.nostr.build/b31cac03bae196c14a71253cd96f2c8c6cdc1e3482284822ac075529400f5e0a.jpg

Now if you want to make a payment, you just have to bring your cell phone close to your NFC sticker.

These tools combine innovation and security, positioning themselves as practical solutions to improve interaction and asset management in the Bitcoin ecosystem.



Not ypur keys, Not your coins.


Walkthrough NFC Sticker and Buzzpay PoS



In the context of Bitcoin, "watch-only" wallets (view-only wallets) are wallets configured to view balances and transactions without having access to private keys. These wallets are useful for monitoring activity at an address without risking compromising funds, as they do not allow signing transactions.
After protecting the private key (12 or 24 words) in metal sheets or washers and we want to add funds without entering the private key all the time, using an NFC sticker with the zpub can be very convenient, this is a tutorial on how to achieve that . 

**Prerequisites:**
Have a Bitcoin wallet and know how to get the zpub.
Download the bluewallet app on your device, it is the app that we will use to open and obtain the information read from the NFC sticker. 
[Android](https://play.google.com/store/apps/details?id=io.bluewallet.bluewallet)
[IOS](https://apps.apple.com/us/app/bluewallet-bitcoin-wallet/id1376878040)
Have NFC sticker (I recommend 540 bytes), search on Amazon, Alibaba or Temu. 
https://image.nostr.build/66ccef195de4c8e9b915d6ee62d1e3f8856a5438160200a00d4069c7caeda4da.jpg
https://image.nostr.build/1cfb47ea052e60f60add90d43cd1b70d28208188167a6cf90843cf594e088152.jpg

Download the NFC tool application. 
[Android](https://play.google.com/store/apps/details?id=com.wakdev.wdnfc&pcampaignid=web_share)
[IOS](https://apps.apple.com/us/app/nfc-tools/id1252962749)


**Steps:**
Copy the Zpub from the Bitcoin wallet you want.
Ve a NFC tools>Write>add a record> Custom URL/URI

https://image.nostr.build/4839d43916ba59ac05a817edd344a3ab2997aa7e9d354fceae27e029a3874cf6.jpg

https://image.nostr.build/e4629d99553e9ffad01153f958162b7d17f2444c84f6b3cbee66651830d388c0.jpg
 https://image.nostr.build/15950a2e3ba5ee9009866d30c6b94eee4204dcc1e96c234185cebf65d6181420.jpg


In custom URL/URI enter and copy the zpub, bitcoin:<your Zpub> 
https://image.nostr.build/15950a2e3ba5ee9009866d30c6b94eee4204dcc1e96c234185cebf65d6181420.jpg
https://image.nostr.build/ef5a6de0b5e4f184f1e9b0f641c6ace7eaff39094c2ef7fc42b6fb4dc1bf9487.jpg

5. Bring the NFC sticker closer and save the information
6. Check the saved information by bringing the NFC sticker closer, a notification should appear (see image) that redirects you to bluewallet and automatically adds the wallet in Watch-only mode. 

https://image.nostr.build/dd1fee5d93b4a2907a14781ede9afae07d38649ccd673a672c9371c740e7cfef.jpg

These tools combine innovation and security, positioning themselves as practical solutions to improve interaction and asset management in the Bitcoin ecosystem.





Walkthrough NFC Sticker y Watch-Only (Zpub) Bitcoin

BooksAndArticles

Bitcoin Books

siggy47

https://stacker.news/items/666906/r/articfoxb

@articfoxb's bio

https://image.nostr.build/52a4e970ec4827ebd42a91601e0539d3ff1c2cf6d21e916b6b8b9ac2efa78dd1.jpg

Helping the adoption of the use and BTC system in developing countries, hoping to grow the node. Feel free to join my node and help the community.

[Linktree](https://linktr.ee/articfoxb)
 


Compound Annual Growth Rate (CAGR) Bitcoin

https://image.nostr.build/00d7e3efc5d46ec5c69aa81300833a3f66fd6cd4001b5ad5f8017e348f502de9.jpg

Umbrel + Albyhub + Alby Go Accounts

Not necessarily, it works without direction from Alby, but you would be creating invoices all the time.
The idea of ​​adding alby address is to receive sats without generating invoices all the time.


The **Compound Annual Growth Rate** (CAGR) is a measure that describes the growth of an investment over a period of time, assuming that profits are reinvested at the end of each period. It is expressed as a percentage and provides a constant growth rate that, if applied each year, would result in the final value of the investment.

The formula to calculate the CAGR is:

https://image.nostr.build/8d8f99ec4ff7fa997df678e636ddf77036bfb3baba8424eb84351641af02a8d5.png

Where:
- **Final value**: the value of the investment at the end of the period.
- **Initial value**: the value of the investment at the beginning of the period.
- **n**: the number of years in which the investment has been made.

The CAGR is useful because it allows you to compare the growth of different investments or assets over time, eliminating the volatility that can occur in shorter periods.

https://image.nostr.build/b1fa50f1c84dc43ecf386097de34276766e9a176364f0dd2c56cf6984d7a7962.png

If we see the image, we could buy Bitcoin every September and we would have returns greater than standard and poors (market), returns greater than inflation (USD terms). 

You could have interesting returns if we use dollar cost average.

**remember not your keys, not your coins.**

Getting Started with Alby Hub

DarthCoin

uncle jim 
https://stacker.news/items/701502/r/articfoxb

In this tutorial we explain how to connect Alby go to your node through Albyhub, with this we can have our sats custodian and use our getalby address to receive sats without generating an invoice.

Prerequisites
Have a node, in my case it is an umbrel node.
Have open channels,liquidity

**Steps.**
1. In our node we go to applications and add alby hub from community apps. (See image)
https://github.com/getAlby/umbrel-community-app-store.git
https://image.nostr.build/a96aba0f9cf3f8536af4f062318ad634635592f3b606d2ae6fb24b71a51997a3.png
2. We install the alby hub application.

3. We enter alby hub In the connections section > add connection > isolated (we will use isolated to create new accounts with their own balance) > we enter the name of the account in my case it will be my alby account, articfox@getalby.com (it is just In order to distinguish them, I will do this procedure for the accounts of family and friends)> an unrevealed QR code will appear, for now we move on to step 4.

https://image.nostr.build/0605000ef9a10be8081fe442badfd19f76ad3667e8efc8b479f08f5b46599511.png

https://image.nostr.build/fbe446a5e5cf1975f1b6496e788fc1545ce17d4a9115edcb9eefbae33a4b47d3.png


4. We download the alby go cell phone app (https://apps.apple.com/us/app/alby-go/id6471335774) 

5. In Alby go > connect wallet > name the wallet (i name it articfox@getalby.com)> read the QR code from step 3

*In order to use our getalby address you must connect nostr wallet to our account using web page*

6. In AlbyGo we go to settings (In the upper right corner)> and copy export wallet, it will help us connect with our getlaby address.

7. In our browser we enter https://getalby.com/ > setting > wallet configuration >link to your own wallet >nostr wallet connect your and we copy the information from step 6.
https://image.nostr.build/579fe1fa9c1a4eabd09fd7aba496f9d3e529c99ecbe075f8ab5071b53ee026b0.png

https://image.nostr.build/dc79079ccd7a33316d89c1a8378ee07af55b06959f36d54d801f1fa9264b0391.png

8. Remember to add your alby address in setting in the alby go application.

https://image.nostr.build/bd6b325fdd5074eb16cfc9b9da7d5ce9cea2b061104566eefdbe926339e355d0.jpg

With this we have our node as custodian of the sats, we create an account with a 0 balance to start receiving sats (and be able to make more accounts for friends and family), we connect our getalby address with our wallet to be able to receive sats without generating invoices.

*Recommendations* 
* The person who controls the node must have liquidity at all times.
* The node must be connected 24 hours a day.
* If the node disappears, the sats of the linked accounts also disappear.
* In Alby go save the export Wallet secret.

oracle

A company accepts payments in bitcoin but does not send you the product, under any excuse they could simply tell you that they will not send you anything and keep the sats, the problem that is seen is humanity scamming people, is there any way to solve this? 
If bitcoin becomes too desirable more people will be scamming their customers unless it becomes legal tender and has legal implications and the idea is to separate the banks and the state from the currency. 