☭☭☭ Soviet Relics ⚡️⚡️⚡️

Selling vintage artifacts while wondering if bitcoin will be the answer to most problems

[☭☭☭ Soviet Relics ⚡️⚡️⚡️ @SovietRelics]

@paulg Vintage quartz & mechanical watches at https://t.co/JJyzXqKBru - pay with fiat or bitcoin

[TFTC @TFTC21]

We're partnering with @Bitkey to give away a hardware wallet! 🟠

Just RT this tweet to enter. That's it ✅

Winner announced Tuesday 11/11 at 4PM EST.

[☭☭☭ Soviet Relics ⚡️⚡️⚡️ @SovietRelics]

@BowTiedMara St Junipero is calling

[☭☭☭ Soviet Relics ⚡️⚡️⚡️ @SovietRelics]

@francispouliot_ Well, only 1/2 of btc

[☭☭☭ Soviet Relics ⚡️⚡️⚡️ @SovietRelics]

@BowTiedMara What’s the price in Argentina for comparison?

[F. A. Hayek Quotes @FAHayekSays]

“Coercion is evil precisely because it eliminates an individual as a thinking and valuing person and makes him a bare tool in the achievement of the ends of another.”

— Friedrich Hayek

[☭☭☭ Soviet Relics ⚡️⚡️⚡️ @SovietRelics]

@TFTC21 Just wondering, how do you guys now feel about your president? I’d be imbarassed if words coming out of Xi mouth sound like a voice of reason comparing to that of my president

[☭☭☭ Soviet Relics ⚡️⚡️⚡️ @SovietRelics]

@elonmusk Zelenski and eu leaders - missing someone? Or you are like trump already, can’t say anything negative about your muster?

[☭☭☭ Soviet Relics ⚡️⚡️⚡️ @SovietRelics]

@cb_doge @elonmusk Bullshit

[☭☭☭ Soviet Relics ⚡️⚡️⚡️ @SovietRelics]

@elonmusk Not so one sided if you factor in the nukes we were forced to surrender in exchange for empty word from Americans and all the lives lost since 2014 when that became apparent. But you wouldn’t count that, as agreement and empathy are empty sounds for genius like you. Shame

[☭☭☭ Soviet Relics ⚡️⚡️⚡️ @SovietRelics]

@amuse @elonmusk What’s going on? Do you read the subtitles if you don’t understand Ukrainian? That’s not what Zelenski says and yet that doesn’t stop you sharing and reposting your own words. Delusional, yes, you are

[Jameson Lopp @lopp]

Hodling bitcoin is an extreme version of the marshmallow test that never ends.

[☭☭☭ Soviet Relics ⚡️⚡️⚡️ @SovietRelics]

@WhalePanda Wouldn’t want to see YOU cleaning up the mess in case russians do subjugate Ukraine and continue

[☭☭☭ Soviet Relics ⚡️⚡️⚡️ @SovietRelics]

@TFTC21 Actually lots of sense in these words of otherwise clueless person. Mine and stack, wait till US $ isn’t worth as much, and then “hand then a little bitcoin”

[Freddie New @freddienew]

If, like many of us, you feel a bit taken aback by events of the past week in #Bitcoin , you may be wondering about what you can do, practically, to maintain your ability to transact freely and to preserve your privacy.

Whatever the enemies of freedom may tell you, in free and democratic countries it remains lawful to possess your own property, and to continue to hold and use that property without fear of unlawful search and seizure.

You should confidently continue to pursue self custody of your bitcoin with the knowledge that the law is on your side, even if certain people in positions of power are not.

However, it is important to remember that Bitcoin was intended to be a peer to peer system, and that delegating our personal responsibility to third party custodians has meant that the robustness of the system to resisting attacks has diminished.

If you want to be able to continue transacting freely with your bitcoin, or holding it peacefully and lawfully, then you may want to take some steps to ensure that the system is as robust and as widely distributed as possible. As we know from the Cypherpunk's Manifesto, a 'widely dispersed system can't be shut down.'

Here are some concrete suggestions of things that we can all do, right now, to ensure that the Bitcoin system is as widely dispersed as possible, and that each of us can continue interacting with it freely, no matter what.

I'll give further details on each of these, and will put links in the thread, but as a start:

1. If you don't already, learn how to run a node, and start running one.
2. Learn how to open your own Lightning channels on your node.
3. Use open source, non-custodial wallets
4. Learn how to connect these wallets to your nodes
5. Really focus on understanding self custody.

1. Run a node
Why is this important? It keeps the Bitcoin network of transaction validators as widely-dispersed as possible and helps to maintain the censorship-resistance of the network. If you run your own node, you will at the same time have access to a wallet that can't be removed from an app store and cannot be shut down. 

I run two - one on a little @umbrel on a Raspberry Pi 4 (photo below) and the other on an old pc. 

If you've never done this before, then Umbrel is a fun place to begin. You may also want to look into @start9labs - each provide a good basis to learn how to do this and become part of the network.

2. Learn how to use lightning in a self custodial way
Opening and closing channels costs sats; but your own channels mean that you are much more likely to maintain access to them. See the great tutorial from @BTCsessions in the thread. A second tutorial on Fedi is also linked.

3. Use open source, non custodial wallets
Especially if, like Mutiny, they can be installed as a progressive web app and don't need to be listed in one of the app stores. Either @MutinyWallet or @ZeusLN are great options. 

4. Connect your wallet to your node
Zeus especially will enable you to be fully self-sovereign in this context.

5. Focus on self-custody
I cannot recommend the guide from @parman_the enough (link in thread). If you are starting from a position where your coins are still in a custodial wallet on an exchange, read the article in the thread below as a starting point, and begin working your way up the levels of self custody.

Bitcoin may be under attack; but this is what it was designed for. If it were not continually attacked, there would be no incentive for Bitcoin to improve, or for us, its users, to improve our own practices.

You are not alone, and you are not helpless. I hope the suggestions in this post will give anyone new to self custody, or exploring it for the first time, some pointers as to further reading - and encouragement that while we are in a fight, we are absolutely and unequivocally going to win it.

[Jack Mallers @jackmallers]

I'm a simple man.

I own my business, the roof over my head, and #bitcoin

That's it. That's the "portfolio".

Everything else is short #bitcoin. No thanks.

[☭☭☭ Soviet Relics ⚡️⚡️⚡️ @SovietRelics]

@100trillionUSD could you pls address concerns voiced out by @willywoo that btc entering traditional markets as ETF will likely have it's value long time depressed via rehypothecation, naked shorting etc.
Assuming that's what happened to the price of gold, will btc fare better? thanks!

[☭☭☭ Soviet Relics ⚡️⚡️⚡️ @SovietRelics]

@CaitlinLong_ @theworldonbtc Would love to hear your take on this @willywoo

[☭☭☭ Soviet Relics ⚡️⚡️⚡️ @SovietRelics]

@jimmysong All of the above