What is Nostr?
Bass
npub1ll9…xszt
2024-04-11 19:07:43

Bass on Nostr: Phases of ignorance in my Bitcoin Journey Phase 1: Hey! Bitcoin is AWESOME! Let me ...

Phases of ignorance in my Bitcoin Journey

Phase 1: Hey! Bitcoin is AWESOME! Let me buy some on Coinbase.

Phase 2: Coinbase is not a viable option, gotta find a different source. I discovered Nostr! This lightning wallet is REALLY nifty and easy to use.

Phase 3: I can buy Bitcoin on CashApp and send it directly to my wallet! But.......THIS lightning wallet isn't a viable option cause I don't hold my own keys.

Phase 4: I'm running my own lightning node, life is awesome, except Cashapp and Strike are KYC and I'm pretty sure I'm on a government list now for owning bitcoin.

Phase 5: The lightning node was a huge failure, lost a lot of money in force closures. I hate lightning. Sticking to Layer 1 ONLY! Also, Robosats and Bisq are awesome ways to buy noKYC coins.

Phase 6: The Mempool fees are killing me because of these people called wizards? Why does it cost $30 to send my $50 in Bitcoin to my wallet?! I'm already paying the noKYC premium!!

Phase 7: So lightning isn't too bad after all, but I still don't trust myself to not blow up a node, so I'll find a happy medium. Also, nobody told me that putting noKYC sats in a wallet with KYC sats would be a problem. FML

Phase 8: Discovered Sparrow wallet and it has this thing called coinjoin that supposedly makes it harder to track funds, what's the worse that could happen? Maybe this will allow me to buy cheap KYC sats and just mix them into infinity! Haha, ignorance is bliss!

Phase 9: Coinjoin was really expensive, and nobody told me I needed to keep my computer on while it ran. I haven't seen my sats in months. Why am I even doing this?

Phase 10: Finally finished mixing, my Cold Storage system is perfect! It would be a shame if I accidentally sent some KYC sats to my post mixed wallet.

Phase 11: I accidentally sent some KYC sats to my post mixed wallet. I've contemplated my existence and why God has allowed such incompetence to remain on planet earth. Also, finally understand the importance of VPN's which just makes this point sting that much more.

Phase 12: I discovered Liquid Network, and I now have a perfect system where I buy noKYC, send it straight to Liquid until the amount justifies a cold storage UTXO. Never touches lightning, and while I'm trusting in a federation of bitcoin companies to not come together and rug me, my odds are infinitely better than if I were to try and run my own lightning node again. Plus, the noKYC gives me all the benefits of a coinjoin without the high fees.

Phase 13: To be continued

#plebchain #grownostr #bitcoin #liquidnetwork
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