In the final installment of the Lord of the Rings trilogy, Frodo and Sam trek through Mordor and up Mount Doom to destroy the Ring of Power. Let’s frame this journey through the lens of a precoiner and his path to discovering Bitcoin. Let me start by painting a scenario that is all too common in the cryptocurrency space. A precoiner, brand new to cryptocurrency investing, let’s call him, noobie, signs up for an exchange. Quickly, he falls victim to the exchange’s flashy marketing scheme that leads him to invest in worthless shitcoins. The exchange profits off of noobies when…
Author: Philip
Philip
Phil is a content creator at Satoshi’s Journal. He is a high school math teacher from New Hampshire. Phil is a friendly guy who enjoys electronic dance music, New England sports, video games, writing, learning and teaching others about Bitcoin! He creates content on TikTok for Satoshi’s Journal and also writes articles about Bitcoin. It is his dream to connect his passions of music and Bitcoin to create a Bitcoin music label. Stay tuned for more on that!
The galaxy is on the brink of civil war and Jedi are drawn into the heart of the Separatist movement where a new threat is underway: the Clone Wars. Bitcoin is constantly under attack by the media and individuals/groups who either; Lack proper Bitcoin education or Have bad intentions (since they would greatly benefit from Bitcoin’s demise). I won’t be able to refute all the fear, uncertainty and doubt (FUD) in this article, but I can point you in the right direction so you can verify for yourself that the negative attention Bitcoin receives is always blown out of proportion…
When I think of Episode 1: The Phantom Menace, I think of Darth Maul, his double-bladed lightsaber and his battle with Jedi Qui-Gon Jinn and Obi-Wan Kenobi. I was 9 years old when that movie came out. The battle was so exhilarating and visually stunning. The scene was brilliantly choreographed as all the attack moves and acrobatic stunts flowed so smoothly. Bitcoin’s Lightning Network is a protocol that has similar, remarkable properties. Lighting is a second layer solution that enables instantaneous, virtually free micropayments. For years since Bitcoin’s inception in 2009, people worried that “Bitcoin can’t scale.” That “fees are…
HODLing (holding aka not selling) your Bitcoin is simple, but it isn’t easy when the price drops 50% in a few months like it just has. HODLing through significant price dips (and even price spikes) takes mental fortitude and can be made more accessible by increasing your Bitcoin conviction. The Mental Game Bitcoiners need to be mentally tough. No one can predict where Bitcoin’s price is going in the short term, and it tends to do the opposite of what you think it will do. One minute, you might be so bullish that you believe the price is about to…
I saw a YouTube ad for Bitcoin and crypto in 2017 and signed up for Coinbase. Unfortunately, I quickly fell victim to unit bias and stayed away from Bitcoin. Instead, I purchased some Litecoin hoping that “it would be the next Bitcoin.” I didn’t pay too much attention to it except when the price rose and fell over the years, but I held onto it through 2020 and noticed the price had fallen, and I decided to buy and trade shitcoins. In November of 2020, Twitter launched Spaces, and I frequented a few that centered around Bitcoin conversation. I started…
Foreward It’s been 25 years since the first Harry Potter book was published and 13 years since the release of Bitcoin. This article is all about my attempt to help the no-coiners, alt coiners, and the rest of the muggle world (including JK Rowling) understand Bitcoin through the lens of the Wizarding World. 1. Harry Potter and the Saving’s Stone Towards the end of the first book, Harry acquired the philosopher’s stone after looking in the Mirror of Erised. In Western alchemy, the philosopher’s stone drew the interests of alchemists for its supposed ability to transform base metals into precious…