Exploring the world in search of understanding. Co-founder of Looking Glass Education & author of The Hidden Cost of Money. Link below. #Bitcoin
Public Key
npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpna Profile Code
nprofile1qqs9a486n5w72dsn72tyentdrj08ppqk2yyq707qdmlm347lkl6jmpgpzemhxue69uhhyetvv9ujuurjd9kkzmpwdejhgqg6waehxw309ahx7um5wghx7unpdenk2urfd3kzuer9wcltz7me
Show more details
Published at
2024-11-09T02:14:28Z Event JSON
{
"id": "2ccae48a36f43229fa7689207bec8dc0646a6aa5985d6b49ccf05f9d147b7b41" ,
"pubkey": "5ed4fa9d1de53613f2964ccd6d1c9e70841651080f3fc06effb8d7dfb7f52d85" ,
"created_at": 1731118468 ,
"kind": 0 ,
"tags": [],
"content": "{\"banner\":\"https:\\/\\/m.primal.net\\/HTXX.jpg\",\"display_name\":\"Seb Bunney\",\"about\":\"Exploring the world in search of understanding. Co-founder of Looking Glass Education \u0026 author of The Hidden Cost of Money. Link below. #Bitcoin\",\"website\":\"https:\\/\\/sebbunney.com\\/the-hidden-cost-of-money\\/\",\"lud06\":\"\",\"name\":\"sebbunney\",\"lud16\":\"[email protected] \",\"nip05\":\"[email protected] \",\"picture\":\"https:\\/\\/m.primal.net\\/LxMe.jpg\"}" ,
"sig": "f85c5aeac94fabc2c935f0476d47d87ca3f6ba7c82f6dfc87d3f1eec5237cb3715d83143fa1cc5eec04242b7ceb3c32e0aebfc6dbb1cc9280da921595c2e99b1"
}
Last Notes npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpna sebbunney Had the absolute pleasure of sitting down with Caribou on the Orange Party @nprofile…p75c podcast today — what a rip. npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpna sebbunney Unbelievably stoked to see B is for Bitcoin and The Hidden Cost of Money in the Infinity Store. Thank you @npub1jt9…la9y and Luke. What you guys have built is very much needed— a #Bitcoin’er built and operated store. npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpna sebbunney Be like Han! npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpna sebbunney Unreal! So well done Madex. npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpna sebbunney That’s a pretty informative bookshelf. npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpna sebbunney So cool! Hugely appreciate the support Allison. If you have any questions at all, don’t hesitate to reach out. npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpna sebbunney Hey Matt, npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpna sebbunney Blown away! The #Bitcoin community never ceases to amaze. Jumped on a call a few weeks back with an unbelievably rad dude who had a couple questions, turns out he started Third Eye Pinecones & sent over a little gift box. Thank you 🥰🙏 npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpna sebbunney Working on an educational piece for Block Rewards and felt compelled to share this. Pretty profound to me! npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpna sebbunney It’s an app with meditative sound tracks alongside a strobe light produced from your phones flash, which sends you into these wild meditative states with strong visuals. It’s truly profound ☺️ npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpna sebbunney I appreciate you sharing this. Nice work Brady ☺️ npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpna sebbunney MY GOD! I just had the most unbelievable experience. Download the app Lumenate and go through the steps. I just had the powerful psychedelic experience in my life… without substances. Truly mindblown 🤯 npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpna sebbunney Absolute must watch! npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpna sebbunney #note1r9m…l8zw npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpna sebbunney Warren for sure. (When I typed Warren it autocorrected to Satan 🤦♂️) npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpna sebbunney Wanted to thank @npub1tdc…8r0y, & everyone at @npub1etg…8n6e for putting on Bitcoin Atlantis. What an absolutely incredible event 🥰 Feeling grateful! npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpna sebbunney Greatly appreciate the mention alongside such phenomenal authors. npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpna sebbunney No way! Thanks for the support. Hopefully you’re finding a few snippets of value ☺️ If you ever have any questions, don’t hesitate to reach out. npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpna sebbunney Ahh I appreciate the support ☺️ Don’t ever hesitate with any questions. npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpna sebbunney ❤️ Truly appreciate the comment Jake. It means a lot. Also… I am pumped it resonates given the examples. I definitely find examples close to home make it feel so much more real. Thanks for the support ☺️ npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpna sebbunney Understanding their importance and adopting strategies to prevent Bitcoin from getting stuck in small UTXOs is key. npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpna sebbunney You'll have a single UTXO instead of multiple smaller ones. npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpna sebbunney Additionally, fees fluctuate— they're not on an endless upward march. During periods of lower fees, it's a good time to consolidate your UTXOs. With @SparrowWallet, it's simple. Just choose the UTXOs you want to consolidate, pay the transaction fee, and presto! npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpna sebbunney For me, I approach UTXO management by accumulating purchases on exchanges until reaching an amount that I would feel uncomfortable losing, say ~$500, before withdrawing to a hardware wallet. This strategy ensures UTXOs remain sufficiently sized as fees continue to rise. npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpna sebbunney For instance, if fees rise to $25 in five years, having numerous small UTXOs, each worth less than $25, renders our entire stack unusable. So, how do we get around this? npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpna sebbunney This is especially true if we have UTXOs smaller than the transaction fee. In such cases, our BTC becomes impractical to send, as the fee would surpass the UTXO value. Therefore, when receiving Bitcoin/ managing our wallets, it's crucial to consider future fee scenarios. npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpna sebbunney So why does this matter? Simply put, transaction fees are rising. If we have many smaller UTXOs—such as when DCA'ing directly to cold storage—the transaction fees can quickly eat into our stack when we go to transact with our Bitcoin. npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpna sebbunney The latter scenario above is more cost-effective, as it involves fewer UTXOs, reducing the transaction weight. You could also think of an efficient UTXO transaction like paying for $20 worth of groceries with a $20 bill instead of 200 dimes—the single bill is far simpler. npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpna sebbunney Transaction weight/size grows with the number of UTXOs involved. Imagine having 10 UTXOs of $10 each and needing to send $100 to a friend. Compare this to having a single UTXO of $100 for the same transaction. npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpna sebbunney For example, if we receive $100 worth of Bitcoin today, we'll have a UTXO for 0.0015 Bitcoin. Essentially, this UTXO represents unspent Bitcoin in our wallet awaiting use— hence the name. npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpna sebbunney You're probably wondering, "What factors contribute to increasing transaction size?" npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpna sebbunney The more space your transaction takes up, the more expensive it will be. npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpna sebbunney If you pop over to http://mempool.space (@mempool), you'll notice fees are quoted in "sat/vB", which stands for satoshis per byte. Since there are 1,000,000 bytes in a megabyte, and blocks have a maximum size of 4 megabytes, each block has limited space. npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpna sebbunney Bitcoin transaction fees aren't based on the amount sent, but on the transaction's weight. More data in the transaction equals higher fees. npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpna sebbunney Unsure what a #Bitcoin UTXO is, why they are important to understand, and how managing UTXOs could save you a lot of #BTC in the future? 🧐 npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpna sebbunney Haha! Thanks for giving the episode a listen. Always great to meet likeminded Bitcoiner MTB'ers. npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpna sebbunney I greatly appreciate you taking the time to give the pod a listen. So glad you found value 🥰 npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpna sebbunney I truly appreciate you giving the pod a listen. It means the world. And… I hugely appreciate the comment. You never quite know how your thoughts will be received, so I’m glad you’re enjoying them. npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpna sebbunney Truly appreciate the support. It means the world. I hope you find some snippets of value in the book 😃 npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpna sebbunney Success! Nothing beats prime rib 🤤 npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpna sebbunney The butcher only had either a 1.2kg prime rib or 3.7kg one. 1.2kg just didn’t cut it 😉 npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpna sebbunney You can’t have a camouflaged orange pilling book without some subliminal #Bitcoin messaging on the cover. Has anyone spotted the hiding-in-plain-sight #BTC logo yet? 😉 npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpna sebbunney It’s started! Dry brining this prime rib for the next 24hrs. Can’t wait till tomorrow 🤤 npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpna sebbunney 🎅Merry Christmas, everyone🎅 npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpna sebbunney 🙏 I appreciate the mention amongst the list of truly inspiring people. Canada punches well above its weight on the #Bitcoin front 🤓 npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpna sebbunney Totally!!!! npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpna sebbunney Monthly reminder: If you need permission to use your hard-earned money, you're not free, and it's not your money. npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpna sebbunney Ahh I greatly appreciate. You know I wish I could say there was. The issue with translations is the expense that goes into them and just bringing the english version to market sucked me dry haha! You never know. If there is the opportunity, I'll let you know. npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpna sebbunney Hmm… haven’t listened. Will check it out for sure 🤓 Thanks. npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpna sebbunney That’s a great series 🤓 npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpna sebbunney I’ve had a few people recommend this now. Going to have to give it a listen. Thanks Dumon ☺️ npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpna sebbunney Looking for content to listen to for a 5hr drive. What has been your favourite podcast recently, or favourite book??? npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpna sebbunney 🥰🥰🥰 Cannot thank you enough for the support. npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpna sebbunney First batch of books arrived 🥰 npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpna sebbunney Jon! I greatly appreciate the comment it really means a lot. It is comments like this that motivate me to continue writing. Thanks for taking the time to give the podcast a listen. It means a lot. npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpna sebbunney 🤤 npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpna sebbunney Spot on! npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpna sebbunney While skimming The Hidden Cost of Money before hitting publish one fact in particular stood out to me! npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpna sebbunney Thanks Tim. Hugely appreciated 🥰 npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpna sebbunney Hey Michael! I appreciate you taking the time to give this a listen. As for the audio version, it’s in the works. Not quite sure on a timeline but still a month or so out I anticipate. Thanks for the support ☺️ npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpna sebbunney #note1ukj…k2fc npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpna sebbunney Truly appreciate the support 🙏🙏🙏 npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpna sebbunney I’d love to check it out. Thanks for the share 🥰 npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpna sebbunney Thanks Enzo. I appreciate the comment. It means a lot that you’d take the time to give it a listen. npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpna sebbunney Ahhh no way! It’s comments like these that fuel my passion to create content 🥰 npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpna sebbunney Closing out this year, I didn’t foresee having the opportunity to join npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpna sebbunney Thanks for the kind words and I appreciate you taking the time to give this talk a listen. It means a lot. npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpna sebbunney So cool! Ahh this makes it all worth it. If we can aid the younger generation is understanding how money shapes our world, I feel like the world will be a better place. npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpna sebbunney Thanks for taking the time to give it a listen. You comment truly means a lot. Super excited that you found value in the chat. npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpna sebbunney Hey Kristian! Ahh I greatly appreciate the comment. It truly means a lot. I'll definitely add a tipping address. I am behind with the times haha. Looking forward to catching up soon at one of these meet ups. npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpna sebbunney Ahh, I greatly appreciate the comment. It means a lot. More than anything, I just hope people find value in the book. npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpna sebbunney Here is a link to read more about the book. And as mentioned, it is also available at your local Amazon—search: The Hidden Cost of Money. npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpna sebbunney Unbelievably excited to release The Hidden Cost of Money. A book tailored to ordinary folks, investigating how our monetary system shapes who we are & how we act, & what we can do to create positive change! npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpna sebbunney Leaked Pentagon documents reveal Russian forces killing 5-8 Ukrainians for each loss. This is a war of attrition. Developed nations simply using Ukrainian civilians as tools to cripple Russian army at no care for life lost. 300000+ Ukrainian lives lost npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpna sebbunney Tired of feeling unfulfilled? Are your goals not quite bringing about that deeper sense of happiness? npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpna sebbunney I'd love to know why you disagree. Why does being able to dispose of something limit its ability to be valuable? npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpna sebbunney No way! I didn't even realize I had missed one. Dang. That would've been great to go to. npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpna sebbunney Hey! It's great to see you on here. Still gotta catch up one of these days at a BTCVan Meetup.
