CryptoSensei

CryptoSensei

chronicles of an English teacher


My DYOR notes on Bitwage

30 Sep 2023 1 minute read 2 comments cryotosensei

It seems that Bitwage favours people living in the Western world at present since it empowers people who accept USD, EUR, GBP & CAD in remuneration with the option to accept Bitcoin. But all is not lost if you don’t work for a company that pays the...

I’m disappointed with Bitrefill - rant

29 Sep 2023 1 minute read 0 comments cryotosensei

Was so looking forward to this weekend because I thought I would finish accumulating the 29+k sats that is necessary to buy my preferred gift card from Bitrefill Bloody hell. I just realised that it charges a 3k network fee. Not daunted but bummed th...

Acquiring the Bitcoin Standard as a mindset

28 Sep 2023 1 minute read 1 comment cryotosensei

It’s only after spending time on this sub consistently for a few days that I realise that “The Bitcoin Standard” doesn’t just refer to the iconic book, but also refers to an ingrained way of life.   Recently I posted a question about Gresham’s law an...

What was the turning point that made you embrace the all-sats mindset?

25 Sep 2023 1 minute read 0 comments cryotosensei

TIL Gresham’s law. Briefly speaking, it’s about how bad money drives out good money. Used in the fiat context, people will prefer to get rid of worn-out notes and keep their fresh ones, demonstrating how the currency perceived to be more valuable wil...

If you have zero sats today, this is what I will ask you to do

23 Sep 2023 1 minute read 1 comment cryotosensei

I just read https://darthcoin.substack.com/p/21-bitcoin-orange-pills-for-nocoiners by DarthCoin. Very systematic and logical - his way is the straightforward method to immerse oneself in the BTC mentality and spirit.   But what if people are sceptica...

The evolution of a Bitcoiner

23 Sep 2023 1 minute read 0 comments cryotosensei

Phase 0 You buy BTC as a speculative asset, hoping that it will pump beyond $69k Phase 1 You decide to take its function as a medium of exchange more seriously You have been stacking sats from various sources. You decide to buy gift cards from...

My DYOR notes on LayerZero

21 Sep 2023 1 minute read 0 comments cryotosensei

Token2049 conference was held in Singapore recently and it seems that LayerZero confirmed the likelihood of an airdrop via their swag. This got me motivated to research more about them: LayerZero is a lightweight and omnichain interoperability proto...

What is the % that you use Bitcoin to settle your daily transactions?

20 Sep 2023 1 minute read 0 comments cryotosensei

When I look back at myself before I joined Stacker News, I have to shake my head at how naive I was. Truth be told, I used to treat Bitcoin as a speculative asset and wanted it to pump to $69k and beyond so that my financial goals could be accomplish...

Bitcoin gets recognized as an official currency?

19 Sep 2023 1 minute read 4 comments cryotosensei

The United Nations recognises 180 official currencies. Would Bitcoin ascend to this list one day? El Salvador doesn’t quite inspire confidence even though it was the first country in the world to recognise Bitcoin as legal tender two years ago.   St...

Collected two Orbiter Pilot NFTs from Galxe

18 Sep 2023 1 minute read 0 comments cryotosensei

If you have been following my writings, you would know that my attention these days is concentrated on getting the Orbiter Finance airdrop. So one of my friends on Reddit informed me about the following: So I logged on to Galxe.com. You have never h...