#bitcoin is such a mindfuck that it took me 10 years to learn the following:
- a wallet doesn't hold any bitcoin
- a utxo cannot be moved, it can only be created or destroyed
- addresses do not send or receive anything
- a private key does not contain bitcoin and does not encrypt bitcoin
- there are no accounts or balances
- btc doesn't exist, there are only sats
the rabbit hole never ends
npub1ma…8uf6h
2026-09-11 18:46:56 UTC
Author Public Key
npub1magvz70dvupef38a2nxnccga8sxyeqy8e9f4tpje9nglh9gr4v0sa8uf6hSeen on
wss://nos.lolPublished at
2026-09-11 18:46:56 UTCEvent JSON
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"pubkey": "df50c179ed670394c4fd54cd3c611d3c0c4c8087c9535586592cd1fb9503ab1f",
"created_at": 1789152416,
"kind": 1,
"tags": [
[
"client",
"YakiHonne",
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],
[
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],
"content": "#bitcoin is such a mindfuck that it took me 10 years to learn the following:\n\n- a wallet doesn't hold any bitcoin\n- a utxo cannot be moved, it can only be created or destroyed\n- addresses do not send or receive anything\n- a private key does not contain bitcoin and does not encrypt bitcoin\n- there are no accounts or balances\n- btc doesn't exist, there are only sats\n\nthe rabbit hole never ends",
"sig": "a6ce8c5f6b6c2565268540f419cb4bc28b6d5d93bbd4d1d9dee83687f42f0ef3672d4a5c6dde682646a0e77a1bba21894994ae6513027d18db0b9e5566d33fda"
}