So, recommending Bitcoin to someone looks like this right now:
On-Chain: well, that’s the proper way but it can get really expensive really fast and you need to manage your UTXOs. Can’t recommend, at least for the average Joe who just wants to tip toe.
Lightning: well, running your own node is too complicated and using a LN wallet that’s non-custodial can still end up you losing everything because they just stop their service. Can’t recommend anymore.
Exchanges: well, easy and no hustle, but they can rug you. At least they are regulated. But I had a bad experience with Strike already. Don’t want to recommend but looks like the only option for newbies…
Toshi
npub108…32vph
2024-08-08 19:47:20
Author Public Key
npub1082rg9mtv3696funeuc87gyk0cnez2v57m5pvvk7rrdrzpkzew6qd32vphPublished at
2024-08-08 19:47:20Event JSON
{
"id": "54dacd0c348f951e098a9c7d558e37453635a3563eacf7a53ffdb8e606577bd7",
"pubkey": "79d434176b64745d2793cf307f20967e27912994f6e81632de18da3106c2cbb4",
"created_at": 1723139240,
"kind": 1,
"tags": [],
"content": "So, recommending Bitcoin to someone looks like this right now:\n\nOn-Chain: well, that’s the proper way but it can get really expensive really fast and you need to manage your UTXOs. Can’t recommend, at least for the average Joe who just wants to tip toe.\n\nLightning: well, running your own node is too complicated and using a LN wallet that’s non-custodial can still end up you losing everything because they just stop their service. Can’t recommend anymore.\n\nExchanges: well, easy and no hustle, but they can rug you. At least they are regulated. But I had a bad experience with Strike already. Don’t want to recommend but looks like the only option for newbies…",
"sig": "ffeca0d47443bc5a08a34e798aab10de5e06b185d6633dfa8bba79784958204dd78d7d76273f77b8d572134aa24da0323ce16ef786ab9ae4b964537b3641d4ab"
}