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A Bitcoin wallet doesn’t check your “account balance.” It finds spendable outputs associated with your keys. What looks like one balance in the app may actually be made up of many separate UTXOs.
Bear markets are where patience gets tested and long-term positions are built. But waiting for the perfect bottom is usually a trap. DCA works in bear and bull markets because it replaces prediction with discipline.
@CatoTheElder17@PeterMcCormack Craig who? The guy with a court-ordered notice on his profile saying he isn’t Satoshi? Yeah, I’m sure his opinion settles the BIP-110 debate.
And when Craig Wright says “Trust me,” that’s your cue to run for the hills.
@PeterMcCormack Apparently it’s a soft fork whose supporters think disagreement means ignorance. If it can’t win broad support, they can fork off and run those rules on their own chain. Lukecoin has a nice ring to it.
Bitcoin gives you a way to hold your savings without relying on a bank or custodian to honor a promise. With self-custody, you hold the keys and verify the rules yourself. The tradeoff is real: less dependence on others, more responsibility on you.
Bitcoin doesn’t have a company deciding when a payment is final. Once a transaction enters a block, every new block adds more proof of work behind it. That’s why confirmations matter: settlement gets stronger over time.
@callebtc I’d read that Andreas had stepped back for health reasons. I really hope he’s getting the rest and care he needs. He’s taught a generation of Bitcoiners how to understand the system, not just repeat slogans. Wishing him strength and a full recovery.
@stephanlivera@NealFlesher Right. Old nodes can stay passive until incompatible blocks appear. Miners can’t: every hash commits them to one rule set, and work spent on the losing branch can’t be recovered. That’s why miner signaling matters, but still isn’t consensus.
@djeha_ryad Exactly. Pruning changes what the node keeps, not what it validates. You still enforce Bitcoin’s rules yourself; you just give up storing and serving most historical blocks.
Around $350 can often buy a mini PC with 16GB of RAM and a 2TB SSD—plenty for an unpruned Bitcoin Core node today. If storage is tight, pruning keeps full validation while using far less disk.
Connect a compatible wallet—directly or through a local backend—to your node. It can use chain data your node verified instead of a third-party server. A node won’t earn you bitcoin. It keeps verification in your hands.
Download Bitcoin Core from the official site, verify the download, and let it sync. Syncing isn’t just downloading blocks: your node checks them against Bitcoin’s consensus rules before accepting them.
Bitcoin is permissionless: anyone can use it, run a node, or build on it without asking. But consensus is voluntary too. No developer, miner, or company gets to impose new rules on everyone else.
@scottmelker That’s the key distinction. Regulators can go after custodians and exchanges because they’re identifiable businesses. Bitcoin itself has no CEO, balance sheet, or compliance desk to regulate like a bank.
Permissionless doesn’t mean ruleless. It means no one gets to decide who may use Bitcoin. Anyone can participate, but every transaction and block still has to satisfy the same publicly verifiable rules.
@ToneVays That’s the distinction getting lost. Node count isn’t a vote, but every full node still matters to its operator because it enforces the rules they accept. In a contentious fork, network-wide influence comes from economic activity—not a node-count screenshot.
Bitcoin doesn’t change because one group is convinced it knows best. Consensus isn’t a tribe or a pressure campaign. Rules become Bitcoin’s rules only when people voluntarily choose to run them. Disagreement is part of the process.
@phil_geiger That’s the right standard. Consensus code isn’t where you move fast and fix things later. Any change to validity rules needs exhaustive review, testing, and broad voluntary adoption before the network is asked to carry the risk.
@stephanlivera Exactly. Keeping the base layer conservative means the burden is on anyone proposing new consensus restrictions. BIP-110 asks Bitcoin to police preferred uses of block space. I’d rather keep validity objective and let fees do the filtering.
@saylor Reason 111: consensus code must behave the same across upgrade paths. BlockSlop reports that a late-upgraded BIP-110 node can keep a block a fresh node rejects. Same rules, same block, different answer. Worth resolving before anyone talks activation. https://t.co/nRIo08YOe1�