future

bitcoin

Where do you see Bitcoin in 2024?
Share your 2024 Bitcoin vision! 🚀🔮

Bitcoin 2024 Outlook

Your Christmas BTC Loot?

Greetings Fearless Protectors of Bitcoin!

Prepare yourselves for a grand voyage as we navigate the intricate labyrinths of Bitcoin security, an expedition deep into the heart of the digital fortress that shields our cherished crypto treasures. This isn't just a guide; it's an epic saga, a quest to comprehend, reinforce, and fortify the citadel that safeguards our wealth in the realm of bits and bytes.

## The Sovereignty of Private Keys: Crafting the Crown Jewels
In the cryptoverse, private keys reign supreme as the crown jewels of our holdings. These cryptographic keys hold the keys to the kingdom of Bitcoin, making their management an art and science. We'll embark on a detailed exploration of key generation methods, secure storage techniques, and the significance of cryptographic entropy in forging unassailable keys.

## The Sentinel's Call: Crafting an Impenetrable Password Bastion
A robust password is the unwavering sentinel standing guard at the gates of our crypto stronghold. We'll delve deep into the psychology of crafting uncrackable passwords, exploring the merits of passphrase usage, and employing advanced techniques to fortify our defenses. Our goal is to ensure that the first line of defense is impervious to the relentless assaults of digital adversaries.

## The Armory of Choice: Navigating the Multiverse of Wallets
Selecting the right wallet is akin to choosing the armory for our crypto knights. In this leg of our odyssey, we'll embark on a comprehensive exploration of various wallet types – hardware wallets, paper wallets, multi-signature wallets, and more. Each comes with its unique strengths and weaknesses, and understanding these nuances is pivotal in crafting a defense strategy tailored to our security needs.

## Beyond the Ramparts: Navigating the Anonymity Abyss
Venturing beyond the castle walls, we'll explore the realm of privacy tools. From Tor to coin mixing, we'll unravel the secrets of navigating the anonymity abyss, safeguarding our transactions from prying eyes. Our goal is to create a digital sanctuary where our activities remain shielded from the ever-watchful gaze.

As stewards of Bitcoin security, let the tales of your citadel defenses be heard! Share your insights, strategies, and legends forged in the fires of digital warfare.

Guardians of the Citadel: Navigating Bitcoin's Labyrinths

What are the ways for beginners to get their first sats?

For $5 it's simply not worth it. Fee exceeds value. Moreover, if you buy a cup of coffee in a store, you are not afraid that it will disappear. They are afraid that it is just a scam, so they prefer to get something for free because they don't waste anything except time.

They don't want to spend their fiat money because they are afraid. This is rather normal.

Why does bitcoin have such a large fee?

Lack of any network scalability algorithm

Hello, I recently encouraged some friends to use Bitcoin. I showed them the Lightning network because of the low fees. Of course, I explained the differences between lightning and onchain. I also showed them the website stacksats.how so they could get their first sats. Unfortunately, most of them did not find anything interesting for themselves. Do you know any other ways for noobs to get their first sats?

I mean sats/vB. I know that the number of UTXO increases the size of the transaction and therefore increases the fee

L2 still requires onchain transactions. Additionally, L2 is not a real blockchain, so it defeats the entire purpose of bitcoin. Why don't we just increase the space in the block? 1 mb is too small for the current popularity of bitcoin. Currently, all methods of reducing the fee are based on reducing the transaction size (segwit, taproot), but why not just increase the block size?

Why does bitcoin have such a high fee? I can't send my sats from onchain because the fee is as much as $30! I also can't open the lightning channel and have to use a custom wallet. Where is this decentralization and escape from governments when I have to give my money to large companies? Is decentralization only for the rich?


![GBfIqbYW4AAyZQC.jpg](https://m.stacker.news/8358)