What's an ideal way of setting yourself up for living on a bitcoin standard? I know running your own node and having your btc in cold storage is a basic minimum, but then what?
Tx fees will most likely be higher on layer 1 in the future, so I see using that for storing btc long term and rarely moving it. For daily transactions I think Phoenix wallet and the new ecash apps work great. But what about for mid-term holdings, like a years worth of expenses? Is cold storage using liquid a good enough option or would running your own lightning node be better?
#asknostr #bitcoin #bitcoinstandard #hispano
Dr. Fernando Morales
npub1dd…fuvr6
2024-03-03 23:35:27
Author Public Key
npub1dd8vnrczuer7q9zqk3emhkf207hzrcqmd2nvvh3jmw22xcyjyuhqdfuvr6Published at
2024-03-03 23:35:27Event JSON
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"content": "What's an ideal way of setting yourself up for living on a bitcoin standard? I know running your own node and having your btc in cold storage is a basic minimum, but then what? \n\nTx fees will most likely be higher on layer 1 in the future, so I see using that for storing btc long term and rarely moving it. For daily transactions I think Phoenix wallet and the new ecash apps work great. But what about for mid-term holdings, like a years worth of expenses? Is cold storage using liquid a good enough option or would running your own lightning node be better? \n\n#asknostr #bitcoin #bitcoinstandard #hispano ",
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