GM Nostr! If you're in the Hampton Roads area, make sure you check out 757btc.org and come say "Hi!" at our monthly meetup this afternoon. We welcome everyone!
#introductions #asknostr #bitcoin #bullshit #freedomtech #lfg #seva #tidewater #hamptonroads #hashtag #howridiculouscanigetwithahashtag #ifyourestillreadingthisletsbefriends
Bella Bunny added, “The Lightning Network uses a Lightning Wallet and holds transactions off-chain, and then puts them all through at the same time. It’s like the Carpool Lane of Bitcoin!”
“Oh!” said Sam. “I have to close the ice cream shop on Friday nights, and that includes the register. One of the things we do is batch process the credit card transactions from the whole day so they all go through at once. Is that similar?”
Bella nodded, “You’re a smart cookie Sam!”
“I love cookies!” exclaimed Cam.
“Okay friends, I have to get back to my Bun Buns before they eat all the carrots. Remy, take them to see Luci! She has the best treats at the market!” Bella said as she waved and bounced away.
“Hey, buddies! I’m Capo Noni and I help keep The Fancy Shop running online.” Capo Noni lifted the gate and walked right out. “See? Not even locked. Sometimes I sleepwalk so this keeps me from wandering too far. Daryla can be a little dramatic when she talks about something she loves.” He gave Daryla a wink and a poke and walked over to a computer.
“I just finished setting up the Lightning Network for Daryla’s in-store transactions, so the transaction can happen immediately for customers. This means they don’t have to wait for a block confirmation before they can take possession of their own Fancy Toys! This network holds some Bitcoin in reserve to cover the purchase. Since it has already been verified that the Bitcoin is there, it is almost instantly accepted. Everyone loves having the satisfaction of an instant purchase. Even those sly Fox Sisters like knowing when their sneaky deals cannot be undone.”
Excitement filled the air as they headed to the Great Bark Market to experience real-life Bitcoin trading. There, they met Daryla Deer who owned The Fancy Toy Shop. Daryla cheerfully accepted Bitcoin for her Fancy Toys, which came from Forests Beyond and were very hard to find.
“I collect all sorts of Fancy Toys. Everyone likes something, and this is the place to trade!” Daryla Deer did a little dance before coming closer. “The Forest Far Away brings many beautiful Fancy Gifts from all around the world.” She paused and her joyful grin turned into a somber scowl. “The Dark Forest, however, brings Fancy Gifts that some might not care for…”
The clouds cast a dark shadow over the Forest as she slowly pulled back a curtain. Sam and Cam crept closer until suddenly a tiger roared out from inside a cage!
Sam and Cam lept back in fear, and stumbled over Remy, Bella, and Olivia. They all landed in a heap on the Forest floor and started giggling as the sunshine came back to the Forest. Daryla pranced giddily as the tiger let out a roaring laugh.
“What sort of things do you use Bitcoin for?” asked Cam.
“You can use Bitcoin for Everything! It has so many uses! Have you been to the Great Bark Market yet?” Bella inquired.
“That’s our next stop!” replied Remy.
Bella thumped her foot in excitement. “There is nothing better than a busy day at the Great Bark Market! Can I tag along?”
Cam couldn’t help but pat Bella on her fluffy head and Remy replied, “the more, the merrier!”
The friends followed Olivia and Remy to a Rabbit Hole where they met Bella Bunny, who helped the Forest Creatures create their digital wallets. Bella explained that every Creature has a unique pair of keys – a "private key" and a "public key." The private key is like a secret password known only to the Creature, while the public key is like an account number. Both are needed for a Bitcoin transaction, and transactions can be completed with just a smartphone.
“The public key is long and awkward, so a wallet address is created from your public key as a shortcut. It is also unique to you, and used to easily exchange Bitcoin with other Creatures in the Forest. There is a mathematical, one way street that creates the public wallet address from your public key, so no one can figure out your keys even if they have the transaction information. You can move that Bitcoin to a private wallet that only you can access with a series of special words. As long as you can remember those words, you can take your Bitcoin with you anywhere in the world and no one else can take it!”
“I am part of a group of Mining Moles looking for creative ways to use renewable energy to run our drills. The Cloud Creatures use wind turbines and the Farm Creatures use solar panels to power their drills. Just like we use the Great Diddly Dam! ”
“You guys sure are creative problem solvers,” Cam admired.
Just like that, a new page appeared in the book and the Forest Creatures all shouted in celebration, “TICK TOCK NEXT BLOCK!”
“Some Miner, somewhere, solved the puzzle! I can see how the Miners keep the Bitcoin Network moving. What’s next, Olivia?” Sam asked enthusiastically.
Olivia grinned and said, “Follow me down the Rabbit Hole!”
“Have you noticed the dam just outside of town?” Mia motioned to a picture hanging on the wall of the Great Diddly Dam, and Sam and Cam nodded. “The ASICS we use need a lot of power to run, and since we are a small humble Forest we got creative! We use hydroelectric power from the dam to run the ASICS needed to mine here in Satoshi’s Forest. We don’t have to spend money to run the drills because the electricity required to run the drills comes from the natural, powerful flow of water! All of the Bitcoin we earn as a reward for mining goes right back into keeping Satoshi’s Forest a wonderful place to call home!”