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.

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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 or just by selling things you don't need for Sats, working extra hours is also a great way and by doing some side hustle 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.

 

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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

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