How to accept bitcoin payments in your business


   It's a great idea to accept bitcoin payments in your business as it is the fastest growing economy online and set to be the future of money as we know it. When you accept bitcoin for payments not only you save on transaction fees(2% visa charges) but you're safe from charge backs, and most importantly the value of your money is not debasing over time, so you can focus more on your business not worrying about getting stolen from through inflation or other types of confiscation. Accepting bitcoin helps you attract a whole new set of customers that wouldn't be possible otherwise "bitcoiners", these people are really enthusiastic about Bitcoin and they will fly from miles away to come spend their Sats in your business just to support you. Enough of rambling lets go learn how to receive some Sats money.

  There are three ways you can go with this: 

  1. The first way is for Physical location businesses, if you want to receive bitcoin you can simply use any bitcoin wallet like: blink wallet, WalletofSatoshi or the Phoenix Wallet just put up your sign "bitcoin accepted here" and start stacking Sats for your business

  2. Second one is for online businesses, there are few services online that help you plugin Bitcoin payments on your website first one is BTCpay server which is basically a free and open source software that you can use. It's a little bit more technical but with a bit of help and some time put into it you will get it all setup, find their API here for ecommerce integrations.

  3. Other option for online businesses, if you're okay paying  $25/month for a white gloves service that handle the complexity for you then go to Zaprite they will take care of you.

In conclusion, there are a lot to gain when you integrate Bitcoin for payment in your business, since Bitcoin is both a payment network and a monetary network built for the digital age. There will ever be only 21Million bitcoins in existence and it takes time, proof of work and energy to get them out of the mathematical ground, in contrast to fiat currencies that are easy to create and almost impossible to know how much of these things are out there, so if you value your business and you want to stay in business for long then adopting a Bitcoin strategy like payment is not a bad idea. 

If you found tremendous value into this please consider support my work here, Thank you!

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How to Create Your Own Lightning Address to Receive or Send bitcoin(Sats) online or To Get Zaps on Nostr KYC-Free and Even on Your Own Blog

  Did you ever want to experience what it is like receiving micro-payments or tips for your contents, interactions or goods and services online or even in person frictionless with no middleman between you and your peers to take a cut? Well you are in the right place. These kinds of payments were impossible before bitcoin and the lightning network built on top. 

  Today we are going to learn how to setup a "lightning address" (or @LN address) using WalletofSatoshi, for inside the US you have a hard time finding WalletofSatoshi, use one of these services instead  from lightningaddress.com, the simple steps are as follow:

  1. Go install the app at: walletofsatoshi.com

  2. You will automatically receive an @walletofsatosi.com adress that you can change you own prefered username before the @.

  3. But first you will need to register your account using an email address, I suggest using an email defrent from your private mainly used email, just for your privacy.

  4. Go to your email copy the link Walletofsatoshi sent you and go to the app. You may need to use the given address for a while before you can get your personal one, but still you have an @LN address now you can use to receive payments.

   You can use that address to receive Sats tips on any social media platform, on Nostr and on your blog/website as well, I show you how to do that seamlessly here.

 If you find tremendous value into this please support my work here, Thank you!
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Top Secret Ways To Stack Sats and Bitcoins With No Money In The Bank And No Cash in Your Pocket


    No money? No problem, I will show you how to stack your first Sats like a psychopath.  You might have heard that saying around the Bitcoin circles "Sack Sats Stay Humble", but how are you supposed to buy bitcoin if you're struggling to buy gas in this expensive world?  Well you're 100% right about that, and this is why we are not going to play big here, no we are not getting a hole bitcoin right now but we are simply going after a few Sats, and if Bitcoin is really absolute scarcity we might have a slim chance to make our dream come true and be able to afford much more than just fuel.  Back in the days when bitcoin was in the 10cents a coin there used to be sites called "Bitcoin Faucet" where you could go to and do some puzzle logins to receive some bitcoins, of course this was from the early adopters who wanted to spread Bitcoin adoption amongst more people, but now those bitcoin are worth multiple thousands of dollars heading to millions in the future at least that's what others think. But now Sats are the new bitcoins, it's no longer given away but you don't have to be a genius to get them easily.  Side note, "Sats" or "satoshis" are small units of bitcoin, one bitcoin is equal 100,000,000 Sats, just like 1 dollar is worth 100 Cents.  So one Million Sats is worth 0.01 times the current value of one bitcoin in USD term.  Now, let's go put our hands on some Sats.

   One of the easiest way to stack Sats is on stacker.news, just like the name says, it's like a news platform where you can report pretty much anything that might be import to someone else and if people find value in your post then you know your first Sats are guaranteed.  You can also publish your own ideas, Bitcoin questions or your documentations on a domain you really know about, the more profound and interesting it is the more Sats you will get. I myself @piecover have stacked over 81,000 Sats since I started using it in Nov 2023, that's 0.00081 bitcoin and it's only that much because I am not using it extensively, I also donate back a lot of that online to support a lot of other Bitcoiner content creators and Bitcoin merchants.  But stacker.news is not the only place to stack sats.

   Head on to Nostr, Nostr stands for Notes and Other Stuff Over Relays, but that's not what this post is about today, we want to put our hands on some Sats.  First you're going to create a Nostr account using any Nostr app like: Amethyst or Primal or Damus or Iris or any other Nostr client out there, it doesn't matter which one you pick because you will be able to move around with your Public and Private Key taking all your posts with you.  When you get on Nostr, start doing the same thing you would do on Twitter(X) or facebook but better and you will start getting rewarded in Sats for your valuable posts and insightful ideas.

   Once you start getting your feet wet on stacking Sats using those kinds of ways then you may want to acquire bigger amount on exchanges by working extra hours or doing some side hustle jobs, like lawn mowing, handy work, or some online gigs, this is by the way the case for a lot of Bitcoiners I know, you will get a lot more Sats working an extra hour at your job than most strategies that's just the fact as of today. But look, Bitcoin is proof of work, if you do enough work either by being online or in person it doesn't matter as long as you put it in Bitcoin it will always be a wise decision over the long term, just because the sats will only go up in value. I will explain more into that in deferent post. But for now just remember,  in order to hold on to your Sats for the long run you also need to keep working or providing value to the society otherwise you will keep spending them.
 
If you found value into this please support my work here, Thank you!

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Understanding Bitcoin's Scarcity and the Halving Mechanism

The Bitcoin halvings implications

Bitcoin's design inherently limits its total supply to 21 million coins. This scarcity is a fundamental aspect that the world starts to acknowledge, underlining a principle that is embedded in bitcoin's source code and very well documented in its whitepaper. The halving events — the periodic reduction in the block rewards for miners — further tighten this scarcity by halving the rate at which new Bitcoins are created every 210,000 blocks (approximately four years). This mechanism served to disperse the maximum number of bitcoins in the early years of the network's existence, and facilitated an efficient price discovery process.  What's more, as issuance reduces, Bitcoin's position as a store of value par excellence increases proportionally. This year's(2024) halving will reduce Bitcoin's supply growth rate from 1.7% to 0.85%, dropping below that of Gold at 1-2% per year.

   The most fascinating thing about the Bitcoin halving is that no body is controling it and nobody can stop it from happening. Bitcoin is a self-sovereign living thing, it pays for its own existence, it pays you to own it, it can't run out of money because it is the money. Everytime the Bitcoin halving happens, Bitcoin reinforced itself as a closed system that never leak time nor energy. More people will realize its reliability in a world full of turbulance and manipulations of money.

I prepared a video Version of this as well, that you may also like

If you found tremendous value into this please consider support my work for more here, Thank you!
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Bitcoin Cold Storage Secrets (How Not To Mess It Up)

 


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Easy Ways To Get Your Bitcoin Off The Exchange

 


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Bitcoin Breaks The "Milkshake Theory" Final Straw and Stops The Border Crisis Across The World

Most people approach a problem by looking at its effect and yell at it hoping it fixes itself, while others look for the causes and fix it. We are going to look at the causes of the border crisis in the US and hopefully offer a real practical solution. 

  People across the world are hopeless and desperate, they look at countries like USA as the "promised land" and they will do whatever it takes to get there. For them it doesn't matter if you call them illegals they just want to live and they are tired of watching others stealing everything from them after working for years to have what they had. The 1% in the US who controls the money printer deprives their countries from everything through the "milkshake theory" process, hence gangs and the gov of their country deprive them from their wealth and everything else they had.

   When US central bank and its banks print money it doesn't just impoverish people in the US who use the USD but most importantly it kills people across the world, the poorest get hit the hardest, bc USD is the world reserve currency.

    Thank God for Bitcoin that fixes this massive issue by breaking the final straw of The "Milkshake Theory". Everyday Bitcoin exist and keep operating as a proof of work money it's cutting that evil pipe that's sucking the life blood of all humans across the world(Americans included) to satisfy the money printers in the US, some slowly some faster the evidence is in the border.

If the world has a reserve currency that nobody can print then it levels its playing field, and opportunities can be found anywhere. Bitcoin is money without a printer but hard working people who love to work for what they earn.



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How To Create A Safe Multi-Signature Wallet - Step by Step Bitcoin Guide

 

Please feel free to support Piecover by lightning tip few sats to: piecover@getalby.com or simply go to Support Piecover.

You may also like: How To Connect Your Hardware Wallet To Your Own Bitcoin Node/Server


How To Connect Your Ledger Wallet To Your Own Bitcoin Node/Server Via Sparrow Wallet

Der Gigi: Bitcoin is Money Plus Energy Plus Time Plus Information #Bitcoin @dergigi

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How To Connect Your Ledger Wallet To Your Own Bitcoin Node/Server Via Sparrow Wallet

Please feel free to support Piecover by lightning tip few sats to: piecover@getalby.com or simply go to Support Piecover.

You may also like: 

How To Connect Your Hardware Wallet To Your Own Bitcoin Node/Server


How To Create A Safe Multi-Signature Wallet - Step by Step Bitcoin Guide


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How To Save On Bitcoin Transaction Fees


     Many things can cause Bitcoin network fees to skyrocket but today I am going to help mitigate that. Let's say you bought bitcoin from an exchange and now you want to withdraw it to hold your own keys to your money, so basically you want to take the bitcoin to your own wallet but you worry that transaction fees may be too high to move them again today or in the future so here are few things to consider:

   1. Transaction consolidation, this process is as simple as the name says it, you are sending all your bitcoins all at once to one address so that you already pay for all the individual data input for all your previous chonks of transactions. You can do that by waiting for fees to come down or you can try this second option

   2. Liquid, liquid is a Bitcoin sidechain(cheaper) you can use to store those small individual chonks of transactions staight from your exchange for a lower fee. You can use something called "sideswap" on the sideswap.io app to automatically receive and swap your BTC to L-BTC for about 0.1% conversion fee, ofcourse you may want to first calculate if this better to use this service that requires some trust instead of using the Bitcoin timechain, it's a tradeoff you are making, but can also send L-BTC to a more trusted bitcoin wallet like Green. Now when you feel like your liquid stack is big enough and you want to peg-out to base L1 BTC you can simply sideswap it out on the sideswap app. You can also move those liquide bitcoin faster and cheaper using the following technology as well.

   3. The Boltz exchance(boltz.exchange), this exchange will help you move your bitcoin from liquid to your lightning wallet visversa and from lightning to base layer BTC

  I really hope this helps you in some ways, if you found some value feel free to show some value back, thank you! Pie
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