Please report any fake Michael Saylor ads and scammy Ripple or Solana ads that are sometimes played before my video. Unfortunately I have no control over these ads, which may be served up to you by RUclips. Never ever send your Bitcoin to anyone and expect to get double the Bitcoin back. Please be smart.
Phoenix is nice but that .4% withdrawal (sending) fee is killer. Your own lighting mode cost about $500. I supposed one would need to spend $125k in BTC to break even. As of today. Those 500k sats were $350 and you paid $6 in miner fees to send. That’s almost the same as on chain. The main difference is the speed.
I’ve learned so much in the past 24 hours on this channel, Matthew! Thank you. Your teaching style is right up there in terms of simplicity and value. 🙏
Matt. This is a great video. You are right it takes a while to understand inbound/outbound liquidity and how to establish. Thank you for showing how to add liquidity using the Acinq node - very helpful. I really like this format - Part I/II - to bring people up to speed before moving to more advanced functions
Got mine all setup and ready to go! My favourite UI so far and lots of information available in the settings section. It will be exciting playing around with it!
@@Bitcoin_University Matt have you tried the new Aqua wallet? its open source now, self custodial and it uses lightning and liquid. what do you think about bitcoin liquid?
Matt, thanks for the excellent video on Phoenix wallet. I have to admit that, although I am very tech savvy (software developer with decades of experience) the UX for LN is still a bit wonky. I'm pretty optimistic about it though - I think future innovations (perhaps some AI) will make it much better. thanks again.
It would be great you could schedule movements to happen when fees are low to provision liquidity when you are not in a hurry, but also do not want to be checking constantly.
🫴 Video idea for you Matt: Title: The Bitcoin software development process Starting context: there are over 1000 active developers as of the recent Electric Capital crypto report for 2023 Main content should answers the following questions (or explains why they aren't applicable, and what happens instead): What are these developers currently working on? Where can we go to see their work in progress and backlog/to do list? Who tests their work? Where do the developers get their requirements from? How do they know what to work on, what not to work on and when? (Who priorities?) How do I, as someone with an interest in Bitcoin's future, have input into what is changed and what isn't? How do they get paid for their work? How is it decided how much they get paid? What is their end to end workflow? (From idea to implementation, e.g. backlog > selection > requirements > building > testing > release > monitoring) How can people get started as a Bitcoin developer?
I agree. Phoenix Wallet is the "Coinbase" of Lightning for people wanting to get a foot in. Most Bitcoiners started with Coinbase at some point and later left it. Phoenix is the same, good UX, convenience, but relatively high fees. It's great though and I carry some LN sats on it too, as the effortlessness of using it is appealing to me and I anyways hardly ever pay with Lightning (not very adopted at this point around here).
Thanks for another great video! I was confused with the liquidity on phoenix, but you answered every one of my questions! Love the Phoenix wallet, using it for my Nephews Xmas and bday present money instead of buying him presents with dirty FIAT😂. I think in 10 years he will be very thankful!
Please do a video on using Phoenix or any other Lightning wallet to accumulate btc and then send to cold storage. You first said Phoenix was non custodial but at the end you said it was a hot wallet? That was confusing. 😢😅
It's "Hot" because your private key for your mobile lightning node are on your Internet connected phone. It's also non-custodial because you can close the channel at any time and your BTC balance in the channel because real BTC you can transfer to cold storage or anywhere else, you didn't need permission.
Thanks, Matt. Very helpful video. Would be interested in the final part of this - which would be sending from Lightning to cold storage +/- closing out a channel.
These videos are fantastic. The learning curve is worth it, and one day "the masses" will understand these important aspects of financial literacy. Liquidity management will be as well-understood as preparing an email. I'm grateful to be an early adopter of a Bitcoin standard and to be on this journey with you Matthew!
Great video. Would like to know how to go from LN to on chain once enough sats accumulated on Phoenix wallet. A video tutorial would be great! Thanks Matt keep up the good work!
Great video, thank you for the effort. For now it seems Phoenix is expensive for me, dont want to pay this "open-channel-fees"...keeping in mind the alternatives, i will stick to WoS... Can you , please, make a video like that, for AQUA wallet?
Are we able to confirm the details on the layer 1 blockchain or calculate the details on our own end to see of they match with a “standard” margin of error?
Well, I dug myself out of the fiat stupor I was in on my last comment, Matt… And I’m happy to report that I understand bitcoin even more now. Thanks again for all the great videos. Now, back to stacking Sats 😎🔥
Great video - new to LN features but I find it confusing. I am trying to send a LN transaction but I keep getting "Error: Fee insufficient" when trying to send. I have increased liquidity well over the requested amount, I have increased the fees to as high as they go but I still cannot send. This is with the most recent version of Pheonix Wallet. Can anyone point me in the right direction?
I currently have Muun wallet and have been looking at Phoenix. Why is it Phoenix mentions about fees for opening channels and Muun does not. Is this something to do with Custodial and Non-Custodial differences? To say, what are the trade-offs for these wallets? Thanks!
Muun is the worst when you are in high fee environment because every transaction is a swap via submarine swap, on-chain LN. So you're not gonna feel it when tnx fee is low. but you're gonna bang your head to the wall when you make a tnx with Muun in a high fee environment like hundreds of sat/vByte. So my suggestion is take advantage of low fee now (~30 sats/vB), move your fund to Phoenix, open a big fat channel like 2-10 million sats by requesting inbound liquidity. Then you're set to use it as long as your inbound tnx has lower liquidity than your capacity.
After seeing the way the LN sends sat's between users. I'm wondering if there is or there will be wallets that belong to liquidity providers that everyone connects to. So that we don't have to pay to open up channels every time, Especially if we're doing single transactions. Obviously that would be more centralized, but I think it makes sense as an option.
So does this mean that you can always pay the entire lightning balance with little to no fees (number on the left) regardless of what the balance says for the number on the right? The balance on the right, inbound liquidity, is only relevant for receiving money with little to no fees and instantly?
Thank you for the guide, very informative, just if you could explain more the last part how you accumulate sats and swap them I did not get. Also can you use all sats in the wallet? Dont need to close the channel?
Thanks Matt, quick question from a relative newbie. Is Strike your crypto exchange? So you're sending sats from your exchange to Phoenix? Also I'm guessing you can send sats from your Jade to Phoenix? Love your content, cheers alf
Matt, great video as always, thanks for enlightening us all and keeping us safe with your information. I had a question regarding multi sig Blockstream have released a 2/2 multisig with 2FA. My current understand is that the user keeps one key offline and then blockstream keeps one key online - and allows access to this key if you authenticate. Is my understanding correct, and doesn't this mean that as you only have possession to 1 of the 2 keys it falls into the 'not your keys, not your coins category' Would be good to really understand this '2/2 multisig' further as there doesn't seem to be much content on this on the internet Thanks again
I didn't get the last bit of your video as you mentioned about accumulating bitcoin on phoenix wallet and send them to hardware wallet!!! My question is: when sending them to hardware wallet, I need to send them as bitcoin, right?? But the phoenix wallet doesn't swap from SAT to Bitcoin. How to send the SAT to bitcoin hardware wallet? Thanks,
Everything makes sense except one thing: why was there a miner fee when you received the payment from Strike? If this is a lightening to lightening channel transaction, why does that occur?
I didn't have enough liquidity in my Phoenix payment channel, so Phoenix did an on-chain transaction with a miner to splice in some extra sats to give me enough liquidity on Phoenix's side of the payment channel to receive the payment from Strike.
I am trying to do this with BlueWallet, and it rejects the address as "lighting". Is the Stike wallet that you are using a Lightning wallet or an onchain wallet?
THANKS AGAIN MATTHEW for the amazing bitcoin video!its nice to see Bitcoin is still getting more adoption and scaling upgrades on it over time.i personally though Ethereum would be life changing and secured with it being on proof of work but since it moved to proof of stake its officially being controlled by cetralized entities.my question for you Matt is would it be possible for bitcoin devs to make a whole Vm environment and entriely new programming language for Bitcoin upgrades??if u could answer this question in a future video i would appreciate it and keep up with the amazing bitcoin content ur making for ur channel!
Bitcoin is (intentionally) not Turing complete, which is one of many aspects that help it remain decentralized. There is a project called BitVM that would enable a VM which has minimal touch points on the Bitcoin base layer. Matt has a video about BitVM that you can look up if you haven't seen it yet.
bro wake up I can fully understand the procedure and meaning of what you are doing but lightning won’t ever reach widespread adoption (in a decentralized way) if this is the king of complexity people has to deal with. I can see stuff like wallet of satoshi reaching mass adoption but for sure not this - I am starting to think we need a new BTC layer 2, one that does not require servers running 24/7
make sense, how does having a self node help in privacy compare to moon wallet? does it mean IP address or bitcoin address for the privacy context here?
But if cash is in an interest bearing account then my bank will send me a 1099. If my BTC appreciates in a wallet what is the difference if this asset appreciates in price?
Hello matt, I am a multi bitcoiner although I still feel like a complete novice with the technology behind BTC. I have a ledger nano wallet which I will replace with a Bitcoin only wallet thanks to your advice, I used to own over 40 alt coins but thanks to you I understand why they are sh*t coins. I have watched all of your videos for well over a year, and have even looked at past videos before I subbed. My question to you involves understanding how to set up a node, turn kyc BTC to non kyc, and a number of security issues for a single man in his 50s that, upon death, would like to parcel out Bitcoin to family. I don't want to trust anybody else with my keys, I do not fully understand multi sig, and there are a lot of holes in my understanding of the technology of BTC in general. I understand that you have a paid course, but I learn best with one-on-one instruction. Are there any universities, online courses with instructors, or any other teachers that you could suggest, including yourself, for tutoring, asking specific questions, etc. obviously, this would be expensive, but well worth the education.
Have you watched any videos by BTCsessions here on RUclips? I was watching one of his videos yesterday and he mentioned that he is available for one-on-one sessions. I'm not sure how much he charges but he seems like one of the more reputable people in the Bitcoin space.
I'll check it out, but the risk is that I don't want to talk to somebody that I don't fully trust. Obviously we're talking about a lot of money. I realize that the person would not be asking me for my seed phrase- obviously that would be a red flag. I'll check out a few videos and if it looks good maybe I'll reach out. I have to imagine there will be community college classes on bitcoin self custody, that would definitely be a profitable class for a college to offer.
@@BitcoinWillFixEverything BTC Sessions is legit. He would never ask you for your seed phrase anyway because he knows better, so no worries there. Another option would be Unchained Capital or Luke Broyles who also does one-on-one sessions for setting up your multi-sig or whatever else you need. Don't know how much they charge though. Good luck.
@@stacy9497thanks for the recommendation. I checked out some of their videos over there and it's just not for me. I think I just need to do some deep digging through videos, there may even be a book that explains all I need to know.
BTC sessions charges $400/hr as of January 2024. There's a guy named Luke Broyles on RUclips who charges $200 and he knew way less than I did. Waste of money. The bitcoin layer company charges $750/he And multisig for 1%!!!!! Of your stash... They obviously need to change their business model because that's ridiculous. And I know they're not doing well because they spam me everyday and they're still advertising. They need to learn the Netflix model. Low fees grows big business. What's acceptable to the average person not just high net If you do do a session, make sure you're not revealing anything at all, even your owner amount of BTC
You're doing great work teaching the world about Bitcoin, but being a Maxi is leading people astray and slowing adoption. The ICP Internet computer Protocol fixed bitcoin Lightning issues. ckBTC is Lighting Killer. Dispute that in your next video. There is only Bitcoin as Money and ICP as an Operating System for Bitcoin.
ICP is a premined shitcoin. Bitcoin does not need your crappy coin in order to scale: ruclips.net/video/r10uyOOrqMQ/видео.html&ab_channel=BitcoinUniversity
Please report any fake Michael Saylor ads and scammy Ripple or Solana ads that are sometimes played before my video. Unfortunately I have no control over these ads, which may be served up to you by RUclips. Never ever send your Bitcoin to anyone and expect to get double the Bitcoin back. Please be smart.
They’re constant. Gotta ask why RUclips allows them when they’re obviously a scam.
Could you next time explain the new Aqua wallet from Jan 3 with liquid and lightning payments. Thanks
Google obviously just doesn't care if their users get scammed. Detecting and removing such ads would a trivial task. @@xDooksx
I guess in 20 years people will cringe when they see 2000 sats spent for a education video 😁 so thank you very much for your help!
I think about this all the time. Probably how we look back at people sending hundreds of BTC for some weed back in 2012/13 😂
Phoenix is nice but that .4% withdrawal (sending) fee is killer. Your own lighting mode cost about $500. I supposed one would need to spend $125k in BTC to break even. As of today. Those 500k sats were $350 and you paid $6 in miner fees to send. That’s almost the same as on chain. The main difference is the speed.
I’ve learned so much in the past 24 hours on this channel, Matthew! Thank you. Your teaching style is right up there in terms of simplicity and value. 🙏
Matt. This is a great video. You are right it takes a while to understand inbound/outbound liquidity and how to establish. Thank you for showing how to add liquidity using the Acinq node - very helpful. I really like this format - Part I/II - to bring people up to speed before moving to more advanced functions
Thanks for your feedback and support
Got mine all setup and ready to go! My favourite UI so far and lots of information available in the settings section. It will be exciting playing around with it!
It's a great wallet, and it's going to keep getting better with new privacy features coming soon I hear
@@Bitcoin_University Matt have you tried the new Aqua wallet? its open source now, self custodial and it uses lightning and liquid. what do you think about bitcoin liquid?
Matt, thanks for the excellent video on Phoenix wallet. I have to admit that, although I am very tech savvy (software developer with decades of experience) the UX for LN is still a bit wonky. I'm pretty optimistic about it though - I think future innovations (perhaps some AI) will make it much better. thanks again.
Yes, it's definitely not ready yet for mainstream adoption, but we'll get there. Much of these inner workings will be abstracted away
It would be great you could schedule movements to happen when fees are low to provision liquidity when you are not in a hurry, but also do not want to be checking constantly.
🫴 Video idea for you Matt:
Title: The Bitcoin software development process
Starting context: there are over 1000 active developers as of the recent Electric Capital crypto report for 2023
Main content should answers the following questions (or explains why they aren't applicable, and what happens instead):
What are these developers currently working on?
Where can we go to see their work in progress and backlog/to do list?
Who tests their work?
Where do the developers get their requirements from?
How do they know what to work on, what not to work on and when? (Who priorities?)
How do I, as someone with an interest in Bitcoin's future, have input into what is changed and what isn't?
How do they get paid for their work?
How is it decided how much they get paid?
What is their end to end workflow? (From idea to implementation, e.g. backlog > selection > requirements > building > testing > release > monitoring)
How can people get started as a Bitcoin developer?
Finally I understood how LN channel works! thanks
Great to hear
I agree. Phoenix Wallet is the "Coinbase" of Lightning for people wanting to get a foot in. Most Bitcoiners started with Coinbase at some point and later left it. Phoenix is the same, good UX, convenience, but relatively high fees. It's great though and I carry some LN sats on it too, as the effortlessness of using it is appealing to me and I anyways hardly ever pay with Lightning (not very adopted at this point around here).
Thanks for another great video! I was confused with the liquidity on phoenix, but you answered every one of my questions! Love the Phoenix wallet, using it for my Nephews Xmas and bday present money instead of buying him presents with dirty FIAT😂. I think in 10 years he will be very thankful!
Matt great video. This is not broadly adoptable. For lightning, custody like WOS is the best
Dare I say it? This was even better than BTC Sessions!
Please do a video on using Phoenix or any other Lightning wallet to accumulate btc and then send to cold storage. You first said Phoenix was non custodial but at the end you said it was a hot wallet? That was confusing. 😢😅
It's "Hot" because your private key for your mobile lightning node are on your Internet connected phone. It's also non-custodial because you can close the channel at any time and your BTC balance in the channel because real BTC you can transfer to cold storage or anywhere else, you didn't need permission.
Thanks, Matt. Very helpful video. Would be interested in the final part of this - which would be sending from Lightning to cold storage +/- closing out a channel.
These videos are fantastic. The learning curve is worth it, and one day "the masses" will understand these important aspects of financial literacy. Liquidity management will be as well-understood as preparing an email. I'm grateful to be an early adopter of a Bitcoin standard and to be on this journey with you Matthew!
I agree.
I agree.
Great video. Would like to know how to go from LN to on chain once enough sats accumulated on Phoenix wallet. A video tutorial would be great! Thanks Matt keep up the good work!
You are awesome. You are the only content I watch daily. The other is Bob Loukas whenever he releases a video. Hug from Chile.
Great video, thank you for the effort. For now it seems Phoenix is expensive for me, dont want to pay this "open-channel-fees"...keeping in mind the alternatives, i will stick to WoS... Can you , please, make a video like that, for AQUA wallet?
Great tool for advanced users, not so much for normies though
Yes, we're still early. The tools will continue to get easier
GREAT GREAT VIDEO Matthew Thank you so much for this. I set up my phoenix wallet a month ago but didn’t really understood it. Now I do 😊🙏
Great!
This wallet sounds somewhat similar to the Aqua wallet from jan3.
aqua has lighting plus liqud and usdt. it might make a good review
Does liquidity last for one year if you send sats to yourself and then send them away or is that only for when you request liquidity?
Only when you request!!!
Hi Matthew. Have you heard anything about Nunchuk? It seems like a great multi-sig solution.
Yes, very versatile wallet software
@@Bitcoin_University Thanks for the reply. Your still my #1 source for Bitcoin info.
Are we able to confirm the details on the layer 1 blockchain or calculate the details on our own end to see of they match with a “standard” margin of error?
How can lightning bitcoin funds be restored from the seed phrase?
Thanks Matt!
THANKS AGAIN MATTHEW ❤
Well, I dug myself out of the fiat stupor I was in on my last comment, Matt… And I’m happy to report that I understand bitcoin even more now. Thanks again for all the great videos.
Now, back to stacking Sats 😎🔥
Great video - new to LN features but I find it confusing. I am trying to send a LN transaction but I keep getting "Error: Fee insufficient" when trying to send. I have increased liquidity well over the requested amount, I have increased the fees to as high as they go but I still cannot send. This is with the most recent version of Pheonix Wallet. Can anyone point me in the right direction?
Matt, any reason why you couldn't do that only using Strike?
Yes, you could do it all with Strike, but Strike is a custodial wallet
I currently have Muun wallet and have been looking at Phoenix.
Why is it Phoenix mentions about fees for opening channels and Muun does not. Is this something to do with Custodial and Non-Custodial differences?
To say, what are the trade-offs for these wallets?
Thanks!
Same question here but yeah, I'm guessing Muun kinda lends you their channels.
Muun is the worst when you are in high fee environment because every transaction is a swap via submarine swap, on-chain LN. So you're not gonna feel it when tnx fee is low. but you're gonna bang your head to the wall when you make a tnx with Muun in a high fee environment like hundreds of sat/vByte. So my suggestion is take advantage of low fee now (~30 sats/vB), move your fund to Phoenix, open a big fat channel like 2-10 million sats by requesting inbound liquidity. Then you're set to use it as long as your inbound tnx has lower liquidity than your capacity.
@@Satoshi_Nguyen thanks mate, I will look more into it. 😀
Another very informative Bitcoin video. Keep up the good work!
So, you don't have to sign anything at LN level? Only at chain level ?
After seeing the way the LN sends sat's between users. I'm wondering if there is or there will be wallets that belong to liquidity providers that everyone connects to. So that we don't have to pay to open up channels every time, Especially if we're doing single transactions. Obviously that would be more centralized, but I think it makes sense as an option.
Check Bitcoin layer 2 liquid network
Now we just need a good up to date map that shows vendors who accept LN payments.
Hey Bitcoin University I’d love to invite you onto the show for an interview if you ever get time!
So does this mean that you can always pay the entire lightning balance with little to no fees (number on the left) regardless of what the balance says for the number on the right?
The balance on the right, inbound liquidity, is only relevant for receiving money with little to no fees and instantly?
Thank you for the guide, very informative, just if you could explain more the last part how you accumulate sats and swap them I did not get. Also can you use all sats in the wallet? Dont need to close the channel?
Thanks Matt, quick question from a relative newbie. Is Strike your crypto exchange? So you're sending sats from your exchange to Phoenix? Also I'm guessing you can send sats from your Jade to Phoenix?
Love your content, cheers alf
Matt, great video as always, thanks for enlightening us all and keeping us safe with your information.
I had a question regarding multi sig
Blockstream have released a 2/2 multisig with 2FA. My current understand is that the user keeps one key offline and then blockstream keeps one key online - and allows access to this key if you authenticate. Is my understanding correct, and doesn't this mean that as you only have possession to 1 of the 2 keys it falls into the 'not your keys, not your coins category'
Would be good to really understand this '2/2 multisig' further as there doesn't seem to be much content on this on the internet
Thanks again
When do you think it'll be profitable to run a lightning node?
Also, what's your opinion of Umbrel? Seems like you have to trust them a bit...
Hi Mathew, this is very good, I would like to see more, please. Thank you.
How do I track address transactions?
Awesome tutorial!!
Very helpful video. Very basic practical help. 😊
How come I can’t send 1 sat ? While other wallet allow you to?
Those are probably custodial wallets and they are eating the transaction fee for you
Great video Matthew
Great. Would love a video on Enuts, Mutiny progressive web app, and Aqua.
I didn't get the last bit of your video as you mentioned about accumulating bitcoin on phoenix wallet and send them to hardware wallet!!! My question is: when sending them to hardware wallet, I need to send them as bitcoin, right?? But the phoenix wallet doesn't swap from SAT to Bitcoin. How to send the SAT to bitcoin hardware wallet?
Thanks,
Sats is Bitcoin. You can send sats as Bitcoin to a cold wallet with onchain transaction fee.
Everything makes sense except one thing: why was there a miner fee when you received the payment from Strike? If this is a lightening to lightening channel transaction, why does that occur?
I didn't have enough liquidity in my Phoenix payment channel, so Phoenix did an on-chain transaction with a miner to splice in some extra sats to give me enough liquidity on Phoenix's side of the payment channel to receive the payment from Strike.
If you think about it, offering liquidity through selling a term "one year" is truly a "risk free" way of earning interest on savings
I wish you would sell your private classes per video too, I need to watch couple of videos but I don’t want to subscribe for whole thing 😢
Thank you for this useful video👍
I am trying to do this with BlueWallet, and it rejects the address as "lighting". Is the Stike wallet that you are using a Lightning wallet or an onchain wallet?
BlueWallet only works with Lightning now if you connect your own LNDHub. Strike wallet allows you to send on-chain or via Lightning
THANKS AGAIN MATTHEW for the amazing bitcoin video!its nice to see Bitcoin is still getting more adoption and scaling upgrades on it over time.i personally though Ethereum would be life changing and secured with it being on proof of work but since it moved to proof of stake its officially being controlled by cetralized entities.my question for you Matt is would it be possible for bitcoin devs to make a whole Vm environment and entriely new programming language for Bitcoin upgrades??if u could answer this question in a future video i would appreciate it and keep up with the amazing bitcoin content ur making for ur channel!
Bitcoin is (intentionally) not Turing complete, which is one of many aspects that help it remain decentralized. There is a project called BitVM that would enable a VM which has minimal touch points on the Bitcoin base layer. Matt has a video about BitVM that you can look up if you haven't seen it yet.
well done!
bro wake up I can fully understand the procedure and meaning of what you are doing but lightning won’t ever reach widespread adoption (in a decentralized way) if this is the king of complexity people has to deal with. I can see stuff like wallet of satoshi reaching mass adoption but for sure not this - I am starting to think we need a new BTC layer 2, one that does not require servers running 24/7
The tools will continue to improve and the complexity will get abstracted away. People used to say the same things about the internet
Spoken like a GEN Z or a BOOMER
looks like borrowing liquidity isn't available for android users. I'll wait
I think it actually is-- you may need to update your app
thanks for the video, but 1% fee seems a bit high. :)
Merchants pay a 3% fee for credit card payments
make sense, how does having a self node help in privacy compare to moon wallet? does it mean IP address or bitcoin address for the privacy context here?
Can you explain how capital gains or losses are reported/calculated to the IRS when you don't sell your BTC but move it to wallets to spend.
If you send money to yourself, you don't owe cap gains taxes. Just like when you take cash out of the bank and put it into your physical wallet
But if cash is in an interest bearing account then my bank will send me a 1099. If my BTC appreciates in a wallet what is the difference if this asset appreciates in price?
big W
Hello matt, I am a multi bitcoiner although I still feel like a complete novice with the technology behind BTC. I have a ledger nano wallet which I will replace with a Bitcoin only wallet thanks to your advice, I used to own over 40 alt coins but thanks to you I understand why they are sh*t coins. I have watched all of your videos for well over a year, and have even looked at past videos before I subbed. My question to you involves understanding how to set up a node, turn kyc BTC to non kyc, and a number of security issues for a single man in his 50s that, upon death, would like to parcel out Bitcoin to family. I don't want to trust anybody else with my keys, I do not fully understand multi sig, and there are a lot of holes in my understanding of the technology of BTC in general. I understand that you have a paid course, but I learn best with one-on-one instruction. Are there any universities, online courses with instructors, or any other teachers that you could suggest, including yourself, for tutoring, asking specific questions, etc. obviously, this would be expensive, but well worth the education.
Have you watched any videos by BTCsessions here on RUclips? I was watching one of his videos yesterday and he mentioned that he is available for one-on-one sessions. I'm not sure how much he charges but he seems like one of the more reputable people in the Bitcoin space.
I'll check it out, but the risk is that I don't want to talk to somebody that I don't fully trust. Obviously we're talking about a lot of money. I realize that the person would not be asking me for my seed phrase- obviously that would be a red flag. I'll check out a few videos and if it looks good maybe I'll reach out. I have to imagine there will be community college classes on bitcoin self custody, that would definitely be a profitable class for a college to offer.
@@BitcoinWillFixEverything BTC Sessions is legit. He would never ask you for your seed phrase anyway because he knows better, so no worries there. Another option would be Unchained Capital or Luke Broyles who also does one-on-one sessions for setting up your multi-sig or whatever else you need. Don't know how much they charge though. Good luck.
@@stacy9497thanks for the recommendation. I checked out some of their videos over there and it's just not for me. I think I just need to do some deep digging through videos, there may even be a book that explains all I need to know.
BTC sessions charges $400/hr as of January 2024. There's a guy named Luke Broyles on RUclips who charges $200 and he knew way less than I did. Waste of money. The bitcoin layer company charges $750/he And multisig for 1%!!!!! Of your stash...
They obviously need to change their business model because that's ridiculous. And I know they're not doing well because they spam me everyday and they're still advertising. They need to learn the Netflix model. Low fees grows big business. What's acceptable to the average person not just high net
If you do do a session, make sure you're not revealing anything at all, even your owner amount of BTC
You're doing great work teaching the world about Bitcoin, but being a Maxi is leading people astray and slowing adoption. The ICP Internet computer Protocol fixed bitcoin Lightning issues. ckBTC is Lighting Killer. Dispute that in your next video. There is only Bitcoin as Money and ICP as an Operating System for Bitcoin.
Matt already did a video on this. Your shitcoin is not a bitcoin scaling solution.
ICP is a premined shitcoin. Bitcoin does not need your crappy coin in order to scale:
ruclips.net/video/r10uyOOrqMQ/видео.html&ab_channel=BitcoinUniversity
@@ashley8774 Well said!
LOL ICP SHIPCOINER!😂😂😂