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10 Bitcoin Commandments

Simply Bitcoin

Oct 27, 2022

I've been in this game for years, it made me an animal
It's rules to this shit, I wrote me a manual.

Biggie Smalls

🎵 Suggested background reading music to get you more bullish 🎵

1) BITCOIN IS THE ONLY DECENTRALIZED CURRENCY WITH ABSOLUTE SCARCITY

Absolute scarcity has never existed before Bitcoin. Bitcoin’s inception and fair distribution based on the laws of physics make it far more decentralized than every other money created.

Bitcoin has a fully transparent issuance policy for the next 120+ years.

2) THOU SHALL KEEP A LOW-TIME PREFERENCE

Patience is the name of the game. We are here to make paradigm-shifting changes. It may take time. HODL.

3) THOU SHALL TAKE CUSTODY OF YOUR BITCOIN

If you don’t possess your private keys, you don't own Bitcoin. Everything else is a claim to Bitcoin. Get your coin off exchanges ASAP.

What is Seed Phrase and How to Use It Securely — 12 words, 24 words, passphrase, multi-sig. It doesn’t matter. Own the keys.

4) THOU SHALL PROTECT YOUR PRIVATE KEYS

Your responsibility as a keyholder and participant of the network is to protect your keys at all costs. Get yourself a Bitcoin-only signing device. Learn about multi-sig, passphrases, and whatever else will make you feel at peace holding your Bitcoin.

How To Use SeedSigner For Secure Bitcoin - Bitcoin Magazine - Bitcoin News, Articles and Expert Insights — Get yourself a Bitcoin-only signing device such as the SeedSigner pictured above.

5) THOU SHALL CONTINUE STACKING SATS FOR GENERATIONS TO COME

One of the biggest mistakes you can make is to stop stacking sats. Don’t base your decisions on previous prices. If someone is willing to change their dirty fiat for Bitcoin…we are still early. Set the floor and stack hard.

Satoshi Stack Sats GIF - Satoshi Stack Sats Sat Symbol - Discover & Share GIFs

6) THOU SHALL NEVER CONVERT BITCOIN TO INFERIOR FIAT

Don’t sell Bitcoin for FIAT unless it’s an emergency. Better to exchange Bitcoin for goods and services and keep it in the Bitcoin circular economy. Having a never sell mindset will make things more clear and keep you less desperate in the long run.

Claim: Bitcoin Worse For the Climate than Beef – Watts Up With That? — The Bitcoin Beef Initiative is a great way to stack beef for bitcoin.

7) THOU SHALL CALL OUT SCAMMERS

I can’t explain it any better than Bitstein’s must-read article, “Everyone is a Scammer”. People will do all types of things to remove you from your Bitcoin.

Shitcoins are created to enrich their founders.

8) THOU SHALL NOT HODL SHITCOINS

Owning shitcoins is high-time preference nihilism. You’ll most likely get rekt. If you do happen to come out on top, it was at someone else's expense.

9) THOU SHALL NOT SPEAK OF THEIR SAT COUNT

Status games are not important in the Bitcoin world. You and everyone else's sat count shouldn’t matter. Protecting the network is what matters.

Them: “How many coins do you have?” Me: “Shut up bitch”(The Rock voice)

10) THOU SHALL RUN A NODE

The ultimate form of protecting yourself and the network. Hold your bitcoin on your own terms.

How to Set Up a Bitcoin Node, With Lightning - CoinDesk — Bitcoin is the only blockchain that makes running a node accessible to all. Even a cheap Raspberry Pi gets the job done.

What are your 10 Bitcoin Commandments? Let us know in the comments below!

BROUGHT TO YOU BY: Bitbox-02 Bitcoin-Only edition. http://shiftcrypto.ch/simplybitcoin

Self custody is the revolution and the BitBox 02 Bitcoin-only edition is secure, open-source, and so easy to setup anyone can use it. Do not keep your bitcoin on an exchange - order a BitBox today.

Simply Bitcoin Unfiltered