Post a Comment Print Share on Facebook

5 commandments that Bitcoiners should follow

the In decentralization combined: Bitcoiners believe in the idea of a universal currency that can be independent of political interests thrive. Altcoins are ju

- 17 reads.

5 commandments that Bitcoiners should follow
the In decentralization combined: Bitcoiners believe in the idea of a universal currency that can be independent of political interests thrive. Altcoins are just a distraction, because the Bitcoiners of the world knows: the king BTC crashes so fast, no one from the throne.

David-separator
18. May 2019BTC$7.314,00 1.72%part Facebook Twitter LinkedIn xing mail

From Full Node to Hodl Manifesto. Five of the commandments that Bitcoiners should follow.

1. You will love your Private Key

control We can't stress it often enough: Not your Keys, not your Bitcoin. The Nice thing about crypto-currencies like Bitcoin is that they are immune to theft and confiscation. However, only with the correct handle. Therefore: BTC assets of Exchanges early on, pull it off. Because even on exchanges such as Binance are Funds always SAFU.

2. Thou shalt be a Full Node to operate

True Bitcoiners are not Fans of decentralization. The more Full Nodes are connected to the network, the more decentralized and therefore more secure it is. Bitcoin is a nearly 9,500-to-reach Nodes, the dezentralste crypto network in the world. For the operation of a BTC node, is some. Only the one who runs a Full Node, can be followed to ensure that all of the consensus rules in the network. In addition, you can keep the own Bitcoin-assets by using a Full Node, without the need for a Wallet service, head of the trust.

global allocation of Full Nodes. Germany, with a share of 20 percent of the world Vice-champion. Image source: bitnodes.earn.com.

by the Way: Germany is a Full-Node-runner-up world champion.

3. Thou shalt Satoshi accumulate

The BTC-possession is a matter of faith, and of the accumulation. He who believes in the enforcement ability of probably the biggest economic experiment in the history of mankind, of the transferred to and to Fiat money in Bitcoin.

Who wants to give a whole Bitcoin, you must set these days, more than 8,000 US dollars on the table – a sum that can make the least easy to loose. It is, instead, a Satoshi-capital stock build.

Bitcoiners know to be Humble and Satoshi accumulate. This is the way of Zen-Hodler to Bitcoin wealth.

4. Thou shalt the Wasabi Wallet use

BTC is not anonymous, but pseudonymous. This can quickly become a Problem. Because the transparency of the Blockchain, all transactions can be traced back. This leads to unwanted conclusions about the address Balance, and possibly even about the identity of the owner.

in addition to Privacy Coins like Monero are able to draw friends of the digital gold on so-called Privacy Enhancing Wallets such as Wasabi.

The principle is simple: The more Bitcoiners Wasabi use, the more anonymity the System provides. For incoming transactions, Wasabi is mixed and obscured as the origin. The more BTC to the Coinjoins participate, the better.

5. Thou shalt hodln

The most famous crypto-Meme, the world of Bitcoiners order and guide at the same time. Short-term volatility can't be distracted Hodler. Finally, the BTC-friend of the world know: In Winter, summer follows. Buy forbidden to sell.

As a small reminder, the Hodler Manifesto.

You're a Blockchain or crypto-Investor? The digital crypto-compass is the first market letter for digital currencies, and provides you with monthly exclusive assessments and comprehensive analysis of the current situation on the Blockchain- & crypto-markets. the for free Now

More:

5 ways Bitcoin will destroy test and pay Anonymously with Bitcoin: the best mixer.io Podcast: privacy in Bitcoin win (2/2)
Avatar
Your Name
Post a Comment
Characters Left:
Your comment has been forwarded to the administrator for approval.×
Warning! Will constitute a criminal offense, illegal, threatening, offensive, insulting and swearing, derogatory, defamatory, vulgar, pornographic, indecent, personality rights, damaging or similar nature in the nature of all kinds of financial content, legal, criminal and administrative responsibility for the content of the sender member / members are belong.