An Honest Node

There are different types of Bitcoin wallet addresses:
1. Legacy Addresses: (P2PKH) “Pay To Public Key Hash” - Starts with “1”
▪️Original Bitcoin address format.
2. Script Addressed: (P2SH) “Pay To Script Hash” - Starts with “3”
▪️Used for multisig or more complex transactions.
3. SegWit Addresses: (P2WPKH) “Pay To Witness Public Key Hash” - Starts with “bc1q”
▪️Modern standard wallets, lower fees, & more efficient.
4. Taproot Addresses: (P2TR) “Pay To Taproot” - Starts with “bc1p”
▪️Latest upgrade, better privacy & efficiency. Use for ordinals, runes, smart contacts, etc.

2026-03-29 18:12:50 UTC

Bitcoin is an open source protocol but what does that mean?
Open Source - means anyone can look at the code and see what it does exactly what it claims to do.
Protocol - A set of rules that everyone has to follow. Think of it like English, Math, The internet, or Driving.
When we talk English I have to speak the words (the rules) of the protocol. If you say something to me and I reply in some alien language that would break the rules of the protocol.
In math If I say 2+2 = 5 that would break the rules of the protocol it would not be math and nobody would accept that as truth.
Same with the internet. You have to send packages of information on the TCP/IP protocol exactly by the set of rules the protocol says or the internet wouldn’t work.
And the same goes with the traffic, the entire system would break if nobody stopped at red lights.
Bitcoin is the same thing. It must adhere to to all the rule of the protocol or it wouldn’t work. And anyone can look at the code to see what the rules are and how it is implemented.

2026-03-29 04:08:47 UTC

Let’s play a game of “Where’s Michael Saylor”!
Try to find him in this pic
https://blossom.primal.net/61524fa5995d37a6bcade8e5c319829120b6b74d14eb9b4d98a53cf703b0ad30.png

2026-03-28 18:21:36 UTC

Honestly analyzing this Bitcoin transaction…
It looks like 84 BTC ($5 Mill) moved, but it’s a classic UTXO spend.
84 BTC was used as an input (the fat line on the left) but only 5 BTC was actually spent (the top transaction on the pic towards the right)
79 BTC was just change returned to the sender on a new address (bottom fat line towards the right)
The multiple small outputs are likely batching (sending to multiple people) or wallet management (most likely automatically done by wallet software)
So after analyzing this transaction they spent about 5 BTC out of an 84 BTC UTXO and the rest went back to the person as change.
https://blossom.primal.net/34ff555ff86f3e7895845f97f3f6d1660a83d68ed4f1abaa91464be1e8aa1e53.jpg
https://blossom.primal.net/5141cbcb48567010e53243f530f0ea2698625d59b96913d5a6a5a28f473a59ff.jpg

2026-03-28 17:55:56 UTC

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Sweet!

2026-03-28 17:55:12 UTC

There are people like this on the internet 😩
https://blossom.primal.net/4bb5d0eb7d99a2a6ce640fca27022554858fdc1307be203a3dd43282e2680595.jpg

2026-03-28 03:45:35 UTC

I just created a “Whale Alert” on my website (link in bio)
Sign up for free and you can get email alerts when someone moves huge amounts on the Bitcoin Blockchain!
Since it is new the first email might go to your spam or junk folder. Just move it to your main inbox so you don’t miss a whale alert!
Go to my site (link in bio) to check it out!
Thanks!
https://blossom.primal.net/67ddf19ddc2c39401040e24dba9f24c01e51e29fc7ec53135799d6da07240446.jpg

2026-03-28 01:16:40 UTC

I will zap all new followers for the rest of the night!

2026-03-27 22:23:29 UTC

Cool, you have a whole coin….
But is it all in 1 UTXO though?

2026-03-27 20:04:40 UTC

How Cold Storage Wallets Work:
A cold storage wallet doesn’t have just 1 address, what you really have is a master key system.
Your 12 or 24 word seed phrase is the master key to all your addresses. That seed mathematically generates a master private key snd master public key.
Your private key controls your Bitcoin and your public key generates all your addresses. And your wallet uses the private key to sign transactions.
Your wallet has a XPUB which mean extended public key. It’s like a view only master key.
It allows you to generate all your receive addresses, track balances, and build the full tree of addresses.
So your seed phrase gives you full control, your private key spends funds, and your XPUB sees everything and generates addresses but cannot spend.
Modern wallets use something called HD wallets (Hierarchical Deterministic Wallets). It means that all addresses are derived from the same seed and your wallet creates a new address for every transaction.
This means you can have thousands of addresses for each time you receive Bitcoin and they’re all tied to the same seed.
This is done for privacy. If you just had 1 address anyone could track your entire balance.
So there is a branching structure to wallets. Where the master seed is at the top and your receiving addresses and change address are branched underneath it. (Change addresses are where your change is sent when the leftover bitcoin (change) is sent back to you after you send Bitcoin somewhere)
Finally the way to think of it easily is:
Seed phrase - Master root (controls everything)
From it - You have infinite private/public key pairs
From those - you have infinite addresses
XPUB - lets you see all branches without control.
If someone gets your seed phrase it’s game over and they can take everything.
If your XPUB is leaked they can track everything you have in all your wallet addresses.
Follow An Honest Node for more post about a Bitcoin!
https://blossom.primal.net/ad2e39de405556f5f3a572c3b661b2f037c1188fa1dcf0dff796614e085ed584.png

2026-03-27 14:26:38 UTC

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There’s levels to the game and you’re a great podcaster! I love your show

2026-03-27 14:26:05 UTC

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Amazing

2026-03-27 14:07:23 UTC

How I look at Bitcoin once my direct deposit from work hits!
https://blossom.primal.net/a0f56e4925d577ebc10fb08a0781eaed9c9070d99d33d5431a80d6645b5f28b6.jpg

2026-03-27 03:54:12 UTC

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Lmao

2026-03-27 02:39:03 UTC

I just created a Whole Coin progress bar that you can save the image and post on social media!
Check it out on AnHonestNode.com
https://blossom.primal.net/4cf8175fbf26e8b3cd3d20f982f1ed154a5f427cb71aa8d5b27a708b7b5c558c.png

2026-03-27 00:43:56 UTC

Who needs a credit score when you have Bitcoin

2026-03-26 21:09:30 UTC

I learned two things about Bitcoin today…
1. That you could create your own hardware wallet with a raspberry pi, a seed signer, and a coldcard firmware.
2. If you’re producing hashes but not producing your own blocks you are not really a miner. You are a hash provider.

2026-03-26 19:17:55 UTC

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I did the same thing lol

2026-03-26 15:19:42 UTC

Not your keys not your coins….
…OH LOOK 👀
Fannie Mae one of the biggest contributors to the mortgage crisis is accepting Bitcoin as collateral for mortgages!

2026-03-26 04:04:49 UTC

Half in Bitcoiners might say things like you should diversify into the stock market as well.
But to me that’s investing into the same system that created all the issues that Bitcoin is trying to fix.
You’re either trying build a more just system or else you’re not.

2026-03-26 03:40:46 UTC

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Happy B day!

2026-03-26 03:40:29 UTC

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Sic

2026-03-26 02:20:26 UTC

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Interesting

2026-03-26 01:23:33 UTC

One of my goals is to get a mining rig and have a company host it so I can get clean non KYC bitcoin on a hardware wallet.

2026-03-25 21:06:43 UTC

Buying a tiny amount of Bitcoin like one dollar or 1,400 Sats and immediately sending it to your cold storage isn’t really a good idea.
Right now, sending an on-chain transaction costs around 0.3 to 2 Sats per byte, but that could be much higher in the future.
What that means is if you try to withdraw that $1 you put in a while back and it’s now worth a lot more in fiat, it might cost 1,400 Sats just to move that chunk of Bitcoin, which is called a UTXO.
If that happens, you could end up with basically nothing and all that money would be gone.
This is what people mean when they talk about UTXO management.
The cost of sending Bitcoin depends on vBytes, and the more UTXO chunks you have, the higher the fees.
You want bigger chunks of Bitcoin, not tiny 1,400 Sat pieces.
It’s smarter to save up more before sending it to your cold storage, or you can consolidate your UTXOs in your hardware wallet by sending all your Bitcoin to yourself. That creates one big UTXO and can save you from losing a lot of Satoshis later.
One thing to remember is that consolidating UTXOs this way lowers your privacy because it exposes your public key.
If you want to avoid that, you can get another hardware wallet and send your Bitcoin there instead. That way your public key on the new wallet stays private.
The main takeaway is don’t send a bunch of tiny transactions to your hardware wallet.
Learn UTXO management and save as many Satoshis as you can.

2026-03-25 19:15:44 UTC

Bitcoin BIP-39 created seed phrases in 2013!
What a great upgrade to the protocol

2026-03-25 14:12:44 UTC

Bitcoin is freedom!

2026-03-25 03:29:14 UTC

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That’s good to hear!

2026-03-25 03:27:42 UTC

Bitcoin is my favorite subject! Follow me if you love Bitcoin!

2026-03-25 03:11:11 UTC

Decentralization is cool!
#introductions