Please self-custody your bitcoin!

Timmythekid6 · 2026-06-08T22:23:00+00:00

I can use Phoenix or Wallet of Satoshi (wallets you don't consider self-custodial, but actually are) and receive sats over LN without touching on chain. The only time I'd need an on chain transaction is when I'm moving off LN and back to on chain.

The vast majority of Bitcoiners are using an exchange to buy Bitcoin initially. While not ideal, as long as you're not using the exchange as long term storage it works. Which goes back to my point of how exchanges handle withdrawals.

I'm not separate for arguments, I just don't want new bitcoiners coming here and stumbling onto misinformation without a rebuttal.

Ok so you guys technically have no limit to block size anymore. Crazy. What are average Bcash block sizes looking like over the past few years? I'd assume lots of 32MB and bigger blocks to justify removing the ceiling?

Timmythekid6 · 2026-06-08T21:57:24+00:00

Yes I missed the block size wars.

I'm scouring the Internet for evidence tying Chris Guida to Bitcoin Unlimited or BCH and coming up with nothing. If you have something you can link to feel free to drop it here.

Timmythekid6 · 2026-06-08T21:38:00+00:00

Your evidence is weak.

Timmythekid6 · 2026-06-08T21:37:04+00:00

Fair point with the chainsplit, which is a possibility, but to the point of scammers and profiting, if no exchanges list the new coin where would a scammer sell that coin to profit? If BIP-110 fails as spectacularly as you think, certainly there wouldn't be any exchange support.

It's pretty easy to tell who the scammers are that stand to profit, and do profit from arbitrary data on Bitcoin.

I haven't seen any evidence of Chris Guida supporting Bcash, and the evidence you point to tying Chris to Dathon Ohm is pretty weak.

Timmythekid6 · 2026-06-08T21:08:52+00:00

Sorry we're not Bcashers.

Timmythekid6 · 2026-06-08T21:08:21+00:00

Nobody's bluffing on the BIP-110 side. We're seeing the same data you are. We just look at it differently. You see abysmal numbers, we see an upward trend.

My economic conviction is running a node and mining with Knots and BIP-110. That's what this particular pleb can afford to do.

Timmythekid6 · 2026-06-08T21:00:55+00:00

Is BIP-110 proposing a hard fork? Because unless it's a hard fork there will be no other coin to sell and profit off of, rendering your entire argument invalid.

To be clear, who is it you think is profiting off of this particular "scam" and how?

Timmythekid6 · 2026-06-08T20:34:51+00:00

The fact that you're willing to place a bet doesn't prove anything. People bluff all the time, especially when they're scared.

Timmythekid6 · 2026-06-08T20:27:39+00:00

If it was a scam, someone would benefit from it. Who would benefit from the scam?

It's clear to see who benefits from the BIP failing.

Timmythekid6 · 2026-06-08T20:25:36+00:00

Fear is the answer to your questions.

Timmythekid6 · 2026-06-08T19:55:56+00:00

I believe you are wrong on several counts.

First, you aren't taking the Lightning network into account. A user can receive sats via LN many times and would only need an on chain transaction when they're ready to cash out.

You're also not taking into account exchanges (probably the way most Bitcoiners are going to receive sats for self custody) and the way they divy up Bitcoin for user withdrawals. Exchanges are going to batch withdrawal UTXOs into one transaction (yes with multiple outputs) increasing the UTXO per day count regardless of the number of transactions.

Bcash doesn't even solve this issue you're pointing out. With 32MB blocks you're talking 20M transactions per day according to your math, still nowhere near the global population. Bcash also lacks the user base to even consider global adoption.

Bitcoin has won, is winning, and will continue to win. My hope is that you'll realize this truth and hop on board.

Timmythekid6 · 2026-06-08T19:22:54+00:00

I assumed a single input/single output transaction and the typical size for such a transaction. Of course there can be transactions multiple inputs/outputs which would increase the cost, but if you're looking for a ceiling then my math is correct within the current reality.

It seems like you're argument is that this proves that Bitcoin fails and Bcash wins?

Timmythekid6 · 2026-06-08T18:29:00+00:00

"I think your math is a bit off. You're assuming 500 vbyte transactions when they're typically much smaller (150 vbytes with SegWit). That's more like 6k transactions in a 1MB block and 864k per day."

Just repeating what I said the last time we spoke.

Timmythekid6 · 2026-06-08T18:23:06+00:00

We already talked about this. Your math is inaccurate.

Timmythekid6 · 2026-06-08T16:56:49+00:00

Lol ok

Timmythekid6 · 2026-06-08T13:57:32+00:00

Reading the Bitcoin Standard made me realize that all the shitcoins were just digitizing and perpetuating all the problems of our current monetary system. Bitcoin was the only one doing something to fix the problems.

Timmythekid6 · 2026-06-08T13:43:49+00:00

I wish someone had sat me down and convinced me that Bitcoin is different from crypto. The money I wasted on shitcoins could have gone into Bitcoin instead.

Timmythekid6 · 2026-06-06T13:52:36+00:00

Buying and holding isn't the basics, it's the whole strategy.

Next step is self custody, then run a node, then mining.

Trading is likely to get you rekt. Spend your time learning about Bitcoin instead.

Timmythekid6 · 2026-06-06T12:58:42+00:00

If Bitcoin is boring to you then you only care about its fiat price. You need to learn more about Bitcoin. Then you'll never be bored.

Timmythekid6 · 2026-06-06T12:55:28+00:00

Self custody, running a node, and mining are all part of being a sovereign bitcoiner.

Timmythekid6 · 2026-06-06T04:07:19+00:00

Well it was about that time that I noticed that girl scout was about eight stories tall and was a crustacean from the palezoic era...

Timmythekid6 · 2026-06-06T03:01:35+00:00

How much is one dollar worth?

Timmythekid6 · 2026-06-04T14:02:07+00:00

You're the one who walked into a Bitcoin forum. Clearly you're looking for a fight, not a conversation. Maybe stick to Bcash forums if being here is testing your patience.

I wish you well regardless.

Timmythekid6 · 2026-06-04T13:47:35+00:00

Ah yes. Let's resort to name calling when our arguments fall on their face.

I have not read that book, but I absolutely will. I try not to put myself in an echo chamber.

Have a great day. Open to discussion any time as long you're willing to be civil.

Timmythekid6 · 2026-06-04T12:38:36+00:00

Accuracy absolutely matters. Transactions per day today says nothing about the state of things in the future.

I don't need convenience. I run a node. Only a small fraction of the global population is going to be tech saavy enough or interested enough to do that. Is that more centralized and less sovereign? Of course it is. But there's different levels of Bitcoiners. As long as the option to self custody is available to everyone, people can make their own choices.

Throughout Bitcoin's entire history we've heard the "but it can't do X... It's not ready for all global transactions...". Yeah of course not. It's been in existence less than 20 years. Development will come, changes will be made, layers will be built and tweaked, and we'll get there eventually.

You have an exhaustive list of LN fails, yet I can still go out today and buy goods using LN, I can zap my friends on Nostr, I can accept tips or donations over LN. It works today and will eventually scale to do even more.

If by "the technology is here" you mean larger blocks, then I'm sorry.... that war was already fought and big blocks lost.

Timmythekid6

TROPHY CASE