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JustBen

@JustBenGo

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Crypto felt out of reach | BTC opened the door | Sharing clarity thread by thread | Just simplicity. JustBen

Joined April 2025
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@JustBenGo
JustBen
11 hours
🧵 Day 4/7 – What you’re really signing – Inside a Bitcoin transaction. You’ve seen the button. “Send Bitcoin.”. But what actually happens when you click it?. Let’s unpack the moment you approve the transfer. #JustBen #DYOR #BackToBitcoin.1/11🧵 👇
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@JustBenGo
JustBen
3 hours
Cashback for swaps. For me that sounds good. Wallchain partners with protocols to redistribute fees to users. It's margin sharing (nice !). Presenting more bit by bit.
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@JustBenGo
JustBen
11 hours
Tomorrow:. → what happened to your own bitcoin?. And following, what is the future of Bitcoin?. Spoiler:.Bitcoin has no “plan B.”.#JustBen #BackToBitcoin.11/11🧵.
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@JustBenGo
JustBen
11 hours
In the end, you don’t send Bitcoin like an email. You sign a transaction, pay a fee, and let the network do the rest. It’s called crypto because every transaction is secured by cryptography, math that locks each message like a sealed envelope no one can forge. 10/11🧵.
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@JustBenGo
JustBen
11 hours
🔹 No identity?. You didn’t use your name. You didn’t ask anyone. You just signed with a private key.and updated a public ledger. That’s how Bitcoin works. No gatekeepers. Just verification. 9/11🧵.
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@JustBenGo
JustBen
11 hours
🔹 What happens next?. When your transaction is mined, it becomes part of the blockchain. From there, it can’t be changed. The Bitcoin is now spendable.by the person holding the right key.to the address you sent it to. 8/11🧵.
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@JustBenGo
JustBen
11 hours
🔹 How much is the fee?. There’s no fixed rate. Miners choose which transactions to include first. If you offer a higher fee, yours gets picked faster. If the network is busy, the fees go up. 7/11🧵.
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@JustBenGo
JustBen
11 hours
🔹 Why do you pay a fee?. You’re not paying the person you send BTC to. You’re paying the miners to include your transaction in a block. The fee is based on size (in bytes), not the amount you send. 6/11🧵.
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@JustBenGo
JustBen
11 hours
🔹 Where it goes. Once you sign the transaction, it enters a waiting area. That’s called the mempool. You can see it : . Miners will soon pick it up and include it in the next block.if your fee is good enough. 5/11🧵.
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mempool.space
Explore the full Bitcoin ecosystem with The Mempool Open Source Project®. See the real-time status of your transactions, get network info, and more.
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@JustBenGo
JustBen
11 hours
🔹 The role of the address. The recipient doesn’t have to approve. You just point to their public address, like an inbox. If you get it wrong. Once sent, there’s no undo button. No “cancel payment.”. 4/11🧵.
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@JustBenGo
JustBen
11 hours
🔹 You don’t sign with your name. You sign with your private key. It’s a digital signature that proves the coins are yours to move. No one sees your name. But the signature matches the wallet. And, that’s enough. 3/11🧵.
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@JustBenGo
JustBen
11 hours
🔹 A transaction = a message. A Bitcoin transaction is a message you send to the network. It says:."I want to move this value, from this chunk, to this address.". The network checks:.→ Are the funds there?.→ Do you have the right key?.2/11🧵.
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@JustBenGo
JustBen
12 hours
What if your BTC could do more… without leaving Bitcoin? (no wrapped).@PortaltoBitcoin you lock BTC and borrow elsewhere. Not your keys, not your coins? .Here, your keys stay on Bitcoin. That's User oriented.That answer a real need : don't touch the BTC.
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@JustBenGo
JustBen
1 day
Wallchain connects with your wallet. Then, it detects swaps before you make them. auto-routing through partners. This will get you the best rate and cashback. So better handle less slippage failed. Are we transforming Web3 into TradFi ?🧐.
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@JustBenGo
JustBen
1 day
🔹 What makes it special?. Bitcoin doesn’t store your coins. It stores rules, and a record of changes. You don’t rely on a company to hold your value. You use a protocol anyone can check.and no one can secretly rewrite. Tomorrow:.→ How to read a Bitcoin transaction.10/10🧵.
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@JustBenGo
JustBen
1 day
🔹 Can someone fake the notebook?. Not really. If one computer tries to cheat, the others ignore it. The system only moves forward when the majority agrees. That’s what keeps it honest and mostly trustable. That's the whole reason Bitcoin was created (see day 2). 9/10🧵.
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@JustBenGo
JustBen
1 day
🔹 Who writes the next block?. It's the all reason around the Miners. They are the one creating it. They gather valid transactions, seal a block, and publish it. Think of it like stamping a page:.“These are the movements. Everyone agrees.”. 8/10🧵.
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@JustBenGo
JustBen
1 day
🔸What is a UTXO?. It means Unspent Transaction Output. It’s a fancy way to say:.“This piece of Bitcoin hasn’t moved yet.”.You can use one or more UTXOs when you pay .and you often get change back. 7/10🧵.
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@JustBenGo
JustBen
1 day
🔹 How Bitcoin stores value. Bitcoin doesn’t work like a balance. It works in chunks called UTXOs.👇. Each time you spend, you use some chunks.and send the rest back as change. Like using a €10 bill to pay €6. 6/10🧵.
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@JustBenGo
JustBen
1 day
🔹 Where are the coins?. They’re not in your wallet. The coin never leave the chain. Your key lets you update the record:.“This Bitcoin now belongs to this wallet.”. You don’t own the coins. You own the right to move them. 5/10🧵.
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