Roger Interviewed about Bitcoin for Midlife Masculine Podcast

Learn BitcoinLeave a comment

As our very own Satoshi (Roger) is a midlife masculine kind of guy it was only a matter of time before our meetup group member Dhruv Sethi of the Midlife Masculine podcast asked Roger to do a Bitcoin interview for his podcast which is all about personal self sovereignty.

Of course Roger jumped at the opportunity to help spread the bitcoin message far and wide and the interview was recorded remotely in July 2023 listen to it on Spotify using this link

Read more

Roger on the Radio – BBC Interview

Learn Bitcoin

Our very own Satoshi Nottingham Roger was asked to appear on Sarah Julian’s show on BBC Radio Nottingham.

Having been bumped from the original Monday morning slot to Tuesday morning Roger was given a quick fire opportunity to spread some Bitcoin truths.

Having thought about it he was going to only direct listeners to visit the website and consider attending a meetup to learn more about Bitcoin, but the questions appear to have been directed by a different agenda following a local footballer losing over a million pounds in a ‘crypto’ scam and the latest announcement by the Financial Conduct Authority stating that anyone who invests in ‘crypto’ should be prepared to lose all their money.

As we are bitcoin-only enthusiasts Roger probably agrees about ‘cryptos’ and he focussed instead on trying to use the brief few seconds on air to point out it’s about Bitcoin, and Bitcoin is the discovery of digital scarcity which like the wheel cannot be rediscovered or reinvented.

Here is a link to a recording of the interview one of our supporters was kind enough to provide.

If there are any news organisations or media producers that want an interview please get in touch via the contact details on this site and we will be delighted to discuss the facts about bitcoin.

Read more

Bitcoin Lightning Wallets

Learn Bitcoin

Discover why Bitcoin Lightning changed the game, install a Lightning mobile wallet and get free sats!

One of the greatest developments with bitcoin is the ability to conduct near-free and instant cross border transfers with the Bitcoin Lightning layer.

What this means in real terms is that if we are sat next to each other and I send you some bitcoin, from my phone to your phone, you will see it deducted from the balance on my screen and added to the balance on your screen instantly, and with a fee so small it is irrelevant.

The key point however, is that we don’t have to be sitting next to each other, we can be on total opposite sides of the world and the payment will still be received instantly and almost for free.

This totally changes the game with regards people trading with one another for goods and services because with Lightning you only need a smartphone to access this technology and lighting offers these advantages over traditional mobile banking:

  • Payments are person to person and are processed automatically by the software which is running on 1,000s of computers there is no intermediary organisation which has to approve or that could censor your payment
  • Lightning accounts are available to everyone, without registration of name & address, mobile, email or IP
  • Payments are not on the public chain and the history of the payment is private to just you and the account you traded with

Don’t worry about how it all works for now, just start learning with one of the free lightning wallet mobile apps and we’ll even send you some free sats so you too can experience the power of trading with anyone, anywhere in the world, instantly.

At Bitcoin Nottingham we believe Lightning is likely to become the standard global method of payment for all merchants everywhere in the world. That might seem like a bold statement, but it is already being used in developing nations very successfully, and has fast become a lifeline to the worlds 4Billion un-banked and those living under represive dictatorships!

Anyone who says Bitcoin doesn’t have a use case was likely born in to the dollar bubble and should probably check their own financial priveledge first before deciding this life saving technology has no use!

Decide for yourself if you think you could learn to use these apps if your life depended on it, for some people transacting for groceries daily with lightining it actually does and therefore will continue to gain popularity and adoption.

Why not choose to understand Lightning before you have to, maybe you will find some way to use these new skills to the betterment of you and your family, so what are you waiting for, get an app installed and working, and I’ll personally send you a little money for free!

Here is a list of popular bitcoin lightning compatible wallet apps that work on both ios and Android, we suggest you try them in this order to find one that works the best on your device

  • Wallet of Satoshi “The world’s simplest Bitcoin Lightning wallet
  • Breez “The Interface of the Lightning Economy”
  • Muun “Muun is a self-custodial wallet for bitcoin and lightning.”
  • Bitnob “This is your money without limits”
  • Exodus Mobile “Control your wealth anywhere”

If you have a technical problem you cannot get past then you may need to do a little reading of the getting started guides or watch a few how to videos on youtube, and ultimely you may need to contact a wallet provider for support (or just try the next wallet in the list). Remember if it was really easy everyone would be doing it already, sometimes you have to learn these skills through trial and error!

Once you manage to get a Bitcoin Lightning wallet app installed we’ll send you some free sats to experiment with if you drop on to the Bitcoin Nottingham Telegram channel at t.me/bitcoin_nottingham where you can share a lnurl address generated by your wallet when you click on Receive.

Once you have received your first lightning deposit from someone, you should find someone else to share the story with and send them some sats in your very own “Hello World” first Bitcoin Lightning transaction.

If you want to see a Bitcoin Lightning transaction in real time then come to one of our Bitcoin Nottingham Meetups and get help in person from someone who has done it before, really it’s as easy as sending an email, once you are setup but these things all seem a bit alien at first so the meetups are a great way to learn about it from other people who are already doing it. See when the next meetup is here bitcoinnottingham.org/meetups.

Read more

Inflation is Theft

Learn Bitcoin

Why Inflation is Theft and Bitcoin is Number Go Up Technology, according to the AI!

BN: Explain why inflation is theft and how bitcoin fixes this because it is programmed to be deflationary.

AI: Inflation can be considered a form of theft because it erodes the purchasing power of money over time. As the supply of money increases, each unit of currency becomes worth less, which means that the same amount of money can buy fewer goods and services.

Bitcoin, on the other hand, is designed to be a deflationary currency. The total supply of bitcoins is limited to 21 million, and the supply of new bitcoins entering the market is halved every 210,000 blocks (roughly every 4 years), which helps to maintain the value of each bitcoin over time.

As a result, people who hold bitcoins can be more confident that their savings will hold their value in the long run, as opposed to being gradually eroded by inflation.

BN: Is that why bitcoiners call it number go up technology?

AI: Yes, “number go up” is a term used by some Bitcoin enthusiasts to describe the potential for the value of the cryptocurrency to appreciate over time, as a result of its scarcity and the increasing demand for it. The limited supply of bitcoins, combined with the increasing adoption of the technology, creates a situation where the price of Bitcoin could potentially increase over time, which is why some people refer to it as “number go up” technology.

Read more

Separate Money from State

Learn Bitcoin

Why bitcoin is the ideal tool for separation of money and state.

Bitcoin is a decentralized digital currency that operates on a peer-to-peer network. This means that it is not controlled by any government or financial institution. Instead, it is underpinned by a complex network of computers that work together to validate and record transactions on a public ledger called the blockchain.

One of the key features of bitcoin is that it is completely independent of any central authority, making it resistant to censorship and manipulation. This is why some people see it as an ideal tool for separating money from the state.

Since bitcoin is decentralized, it is not subject to the same regulatory oversight as traditional financial institutions. This means that users are able to send and receive payments without the need for intermediaries like banks. This makes it possible for individuals to have more control over their own financial affairs and to conduct transactions without the need for government approval or oversight.

In addition, the use of bitcoin allows for greater privacy and anonymity compared to traditional financial systems. Transactions on the blockchain are recorded publicly, but the identity of the users involved is not disclosed. This makes it a useful tool for people who value their privacy and wish to avoid having their financial activities monitored by the government or other third parties.

Overall, the decentralization and independence of bitcoin make it an appealing option for those who want to separate money from the state and take greater control over their own financial affairs.

Start your journey into self sovereignty by discovering one of the Bitcoin Lighting wallets such as The Wallet of Satoshi or Muun Wallet at your app store. Once installed join the Bitcoin Nottingham Telegram Group and we’ll send you 100 satoshi to start experimenting with!

Read more
Bitcoin Nottingham Meetup group

Bitcoin Halvings

Learn Bitcoin

The maximum number of Bitcoins that can be created is 21 million, and this number is set in stone by the Bitcoin protocol. This means that no more Bitcoins can be created once this number is reached. This is different from traditional fiat currencies, which can be printed in infinite quantities by central banks, leading to inflation and depreciation of the currency.

The halving of the block reward is a key part of the Bitcoin protocol, and is designed to control the rate at which new Bitcoins are created. This process ensures that Bitcoin remains scarce, and that the rate at which new coins are created is cut in half every 210,000 blocks, or roughly every four years. This helps to control inflation and ensures that the value of Bitcoin does not decrease over time.

The current block reward is 6.25 Bitcoins, and this will continue to decrease as the halvings continue. As the block reward continues to decrease, the rate at which new Bitcoins are created will also decrease, further increasing the scarcity of the digital currency. This scarcity, combined with increasing demand for Bitcoin, is likely to drive the price of the digital currency higher in the future.

In summary, the limited supply of Bitcoin is a crucial aspect of the digital currency, as it gives it value and scarcity. The halving of the block reward is a key part of the Bitcoin protocol, designed to control the rate at which new Bitcoins are created, and further increasing the scarcity of the digital currency. This scarcity, combined with increasing demand for Bitcoin, is likely to drive the price of the digital currency higher in the future.

On average Bitcoin has doubled in value year on year since it’s launch in 2009.

To begin accepting Bitcoin as a method of payment in your shop, restaurant or office click here today!

Read more

Only 21 Million Bitcoin

Learn Bitcoin

The limited supply of Bitcoin is a fundamental aspect of the digital currency, as it creates scarcity and gives it value. The total number of Bitcoins that can ever be created is capped at 21 million, which is set in stone by the Bitcoin protocol. This means that no more Bitcoins can be created once this number is reached, unlike traditional fiat currencies which can be printed in infinite quantities by central banks leading to inflation.

The scarcity of Bitcoin is a key driver of its price, as it creates a sense of exclusivity and rarity. As more people adopt and invest in Bitcoin, the demand for it increases, driving the price up. This has led to speculation that the price of Bitcoin will continue to rise as more people become aware of it and invest in it.

Additionally, the mechanism of halving which occurs every 210,000 blocks or roughly every four years, controls the rate at which new Bitcoins are created, further increasing the scarcity and driving the price up. The current block reward is 6.25 Bitcoins and as it continues to decrease, the rate at which new Bitcoins are created will also decrease, increasing the scarcity of the digital currency.

In summary, the limited supply of 21 million Bitcoins is a crucial aspect of the digital currency, as it creates scarcity and gives it value. The scarcity is a key driver of its price and speculation that the price will continue to rise as demand increases. The halving mechanism also plays a role in controlling the rate at which new Bitcoins are created, further increasing the scarcity and driving the price up.

 

What is to stop the number of 21 million just being edited in the code?

The number 21 million is hard-coded into the Bitcoin protocol and cannot be edited because it is a fundamental aspect of the digital currency’s design. This number was chosen by the creator(s) of Bitcoin, Satoshi Nakamoto, as a way to control the rate of inflation and ensure that the currency remains scarce.

If the number 21 million were to be edited in the code, it would fundamentally change the nature of Bitcoin as a scarce, decentralized currency. It would also lead to a loss of trust in the currency, as users would no longer be able to rely on the set limit of 21 million coins.

Furthermore, the Bitcoin protocol is an open-source software which means that it is publicly accessible and can be audited by anyone. Changing the maximum number of Bitcoins would require a consensus from the entire Bitcoin community which is highly unlikely.

In summary, the number 21 million is hard-coded into the Bitcoin protocol as a way to control the rate of inflation and ensure that the currency remains scarce. Changing this number would fundamentally alter the nature of the currency and would not be accepted by the community.

Only 21 Million Bitcoin will ever be made. Digital scarcity is the basis of the invention of Bitcoin. Never before has it been possible to create something that is only digital and is scarce. Over 90% of the 21 Million Bitcoin to be mined (or minted, if you prefer) have already been issued. As a result of The Bitcoin Halvings fewer coins are minted as time goes by. The very last bitcoin will take over 40 years to mine, and will take until the year approx 2140.

One way to begin receiving Bitcoin is with our innovative Bitcoin Lightning Instant Payment Address (a ‘blipa’) which can be used to receive payments in the same way you can give out an email address to receive messages.

Order your own blipa such as bitcoin@yourshopname.com from our Bitcoin Shop page

https://bitcoinnottingham.org/product/bitcoin-lighting-payment-address/

Read more

The Bitcoin Whitepaper

Learn Bitcoin

The Bitcoin white paper, entitled “Bitcoin: A Peer-to-Peer Electronic Cash System,” was authored by an individual or group using the pseudonym Satoshi Nakamoto and was first published on October 31st, 2008.

It was the first time the word “Bitcoin” was defined and the paper describes the design and implementation of a decentralized electronic cash system that allows for online payments to be sent directly from one party to another without the need for a financial intermediary.

The system is built on a decentralized peer-to-peer network and uses cryptography to secure and validate transactions.

The paper also describes the concept of “mining” as a way to create and add new bitcoins to the system, and it outlines a plan for the currency’s release and circulation.

If you are just starting to learn about Bitcoin, it is recommended to read the white paper for yourself. It is the first ever document published on the subject and even if you don’t understand it at first, it’s a good idea to read it as it’s a fundamental piece of literature to become Bitcoin literate.

The white paper can be found at https://bitcoinwhitepaper.co/

Read more

Satoshi Nakamoto

Learn BitcoinLeave a comment

Satoshi Nakamoto is the pseudonym used by the mysterious creator or creators of the bitcoin digital currency. The true identity of this person or group of people is unknown and has been a topic of much speculation.

What is known about Satoshi is that they authored the original Bitcoin white paper in 2008, which outlined the concept and technical design of the digital currency. They also wrote and contributed to the original Bitcoin software, which was released as open-source code in 2009.

After releasing the software and white paper, Satoshi communicated with the early Bitcoin community through online forums and email, but their involvement gradually decreased until they eventually disappeared from the scene completely in 2011.

Despite the anonymity surrounding Satoshi, their contributions to the development of Bitcoin have had a profound impact on the world of finance and technology. The revolutionary idea of a decentralized digital currency, and the innovative technology behind it, has the potential to reshape the way we think about money and banking.

Various people have claimed to be Satoshi over the years so it’s worth mentioning that the only way someone could prove to be Satoshi Nakamoto would be by spending one of the first bitcoins ever created, from what is called the “genesis block” these coins have a unique characteristic that makes them different from all other bitcoins, because they can be traced back to the first block ever mined, and as such they could only have been mined and controlled by Satoshi. This is because when the first bitcoins were mined, the network was not yet in existence, so no one else could have mined them.

However, it’s important to note that even if someone were to prove that they have control over these bitcoins, it would not necessarily mean they are Satoshi Nakamoto, the pseudonym could have been used by a group of people or someone could have acquired control of these bitcoins from Satoshi.

Satoshi Nakamoto’s true identity may never be known, as the person or group behind the pseudonym has made a conscious effort to remain anonymous. However, the impact of their creation, Bitcoin, continues to more and more people every day throughout the whole world, what a legend!

Find out how to buy bitcoin from this public domain openkeywords.com post or come along to the next Bitcoin Meetup in Nottingham or find (or start!) your local meetup group

Read more