Oddbean

My Bitcoin journey would have looked a lot differently if it wasn’t for Nostr. I understood some of the fundamental ideas and bought/sold at times of hype several years ago, but my tie to Bitcoin died down after that. I joined Nostr not because of Bitcoin Twitter and I never actively used Twitter, but because of the appeal of censorship resistance and decentralization. After joining, I’ve been surrounded by amazing people who happen to be Bitcoiners and I’ve learned so much from them. Admittedly I still don’t understand enough. I still don’t know how to read a Mempool.space page, what certain sat/vB numbers really mean, and I haven’t found the time yet to start using a cold wallet, but I’m here to learn. I’m thankful to the community here that I’ve been fortunate enough to connect with, and I’m excited to see what’s next in this journey.

I don't generally recommend Trezor anymore, but I still use the ones I had before I stopped promoting them (for now). That said, they do have Bitcoin only software and make self custody dead simple. It's better than having it hot while you learn @SeedSigner or something else if you choose to.

Holocat Hi, I'm a holocat. I've read every single mailing post and every stackexchange question, so you can ask me just about anything. To activate me, boop me on the nose. What's your question? You Define sats/vb Holocat Based on the context provided, "sats/vb" refers to "satoshi per virtual byte," which is a unit of measurement used to express the fee rate for Bitcoin transactions. It represents how many satoshis (the smallest unit of Bitcoin) the sender is willing to pay for every virtual byte of transaction data that is included in a block. In the content from link [0], we see an example where transaction A has a fee rate of 20 sats/vB and transaction B has a fee rate of 5 sats/vB. This implies that for every virtual byte of data, the sender of transaction A is paying 20 satoshis, while the sender of transaction B is paying 5 satoshis. Miners use this fee rate to prioritize which transactions to include in their block template, generally preferring those with higher fee rates because they yield more mining fees. The concept of "sats/vb" is crucial in Bitcoin's fee market, where users effectively bid against each other for space in a block through transaction fees, and it helps determine the priority of transactions for inclusion in the blockchain. Sources [0]: https://bitcoin.stackexchange.com/questions/96447#96473 [1]: https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2023-October/004153.html [2]: https://lists.linuxfoundation.org/pipermail/lightning-dev/2023-October/004153.html [3]: https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2023-October/022029.html [4]: https://delvingbitcoin.org/t/liquidity-griefing-in-multi-party-transaction-protocols/264/4 [5]: https://bitcoin.stackexchange.com/questions/96133#96474

Thanks for sharing your experience. I can personally relate to many aspects, especially the community part; it's truly something different. Also, thanks for being a part of this community. We're really fortunate to have you here.

I installed Bitcoin Core on a Mac and want to migrate to bitcoind + cli using Docker containers. I already have it up to date with the blockchain and with txindex set to 1. Do you have a guide or could you please explain how to do it?

This was a great video! Even know what the differentiation between orange and purple blocks was an aha moment for me 😊 I had to Google what Mem Pool meant; an abbrev, nice 😉 I’m still don’t know/understand, who is mining what and where but as far as this video - super helpful! Great lights in the background too 💁🏽‍♀️