511 sats \ 5 replies \ @Natalia 27 Feb \ on: Stacker Saloon
Running your own bank is an ongoing journey - once you have figured out how to do simple deposits ( receive ) and withdrawals ( send ), decide how you would like to save your vault in cold wallets and spend with LN wallets ( with swap in and out in between ) then you also need to think how to be better equipped to deal with emergencies, and continually improving the operation:
- do better labels
- do better coin control
- do better fee management
- do better UTXO planning
And the most important part: learn how to protect your seeds and how to restore them in different situations, from a simple cold wallet to nodes with different types of seeds - as long as you keep the seeds well, your Bitcoin NEVER leaves you. 🧡
I've never liked banks 😂
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same, so you do a better job and get rid of them! but then it's quite fun when you are learning how to run your own, as it's also a journey of understanding yourself - how your money flows ( from where to where) or how you expect future spending, etc.
and after such a solid foundation, more peace of mind to think about how to grow the pile:)
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