Hold1BTC

Today, Alpha Observation Room brings you a recent hot project - Hemi Network. Whether it is from the financing amount, the background of the investors, the project team, or the track it is in, Hemi is a project worth paying attention to. Let's take a look at what this project is.
Project Introduction
Overall, Hemi is a modular blockchain network designed to provide scalability, security, and interoperability, unifying Bitcoin and Ethereum as components of a single super network. In other words, it is positioned as a "layer 2 network channel between Bitcoin and Ethereum", combining the flexible programmability of Ethereum with the high security of Bitcoin.

Embracing the world beyond Bitcoin

I am glad that I can write the above text, which is not only a summary of my past, but also a long-cherished wish of my heart. If you ask me now if I am a Bitcoiner.
To be honest, I can't answer that.
It doesn’t matter if it is or not. I think the result is not so important at this moment. On the way of trying to become a Bitcoiner, I discovered a different me. A person who dares to set a goal, then works hard to achieve it, and records his or her mental journey through words, this is a meaningful thing.

Learn and practice Bitcoin community culture

The fifth thing to become a Bitcoiner: learn and practice the Bitcoin community culture.
Perhaps you have heard these words in the process of understanding and contacting Bitcoin: "Not Your Key, Not Your Coin.", "Don't Trust, Verify!", etc. These are the unique culture and values ​​advocated by the Bitcoin community. On the road of learning and understanding Bitcoin, I also gradually realized the inner meaning of these words, and agreed with their inner values, and even actively practiced these principles in my life. Below, I have listed some famous quotes that have touched me deeply and have guiding significance in my life.

Running a Bitcoin Full Node

The fourth thing to do to become a Bitcoiner: run a Bitcoin full node.
After hoarding enough bitcoins, I kept thinking: How can I do something for the Bitcoin network? Later, I read the article "How to build a Bitcoin Core Bitcoin full node", so I decided to run a Bitcoin full node.
If you also want to run a Bitcoin full node, this article may provide you with some help.

What is a Bitcoin full node?
As a peer-to-peer system, ordinary users and miners in the Bitcoin network can be regarded as nodes in this system, and among these nodes, only those with complete blockchain ledgers can become full nodes. These full nodes store the data of the entire Bitcoin network. Every time a transaction occurs in the network, the node that receives the information will verify the security and compliance of the transaction information, and then broadcast it to other nodes after verification.

Continue to accumulate and hold 1 BTC

The third thing to do to become a Bitcoiner: continue to accumulate and hold 1 BTC.
1 BTC is not too much, but not too little either. Currently, its value has exceeded 500,000 RMB per coin. Moreover, in this volatile market, it is not as easy as it seems to be to resist temptation and keep buying and holding. Only by doing it yourself can you truly understand the saying: hoarding coins is like being a widow.
I still remember when I first entered the crypto industry, like most investors, I didn’t understand the meaning of hoarding coins. Why hoard such a perfect speculative asset? Wouldn’t it be nice to buy low and sell high to make a profit?

Complete an on-chain transfer

After reading the Bitcoin white paper, let’s move on to complete the second thing you need to do to become a Bitcoiner: complete a Bitcoin on-chain transfer.
Holding “real” Bitcoin
To truly enter the world of Bitcoin, it is far from enough to just buy Bitcoin. Because although many people have bought Bitcoin, they are all stored in exchanges. To a certain extent, these Bitcoins do not belong to you. What you own is just a string of numbers on the exchange. And these Bitcoins may be easily lost. Such examples are not uncommon in the history of Bitcoin. The most well-known is the Mt.gox incident, which was once the world's largest Bitcoin trading platform. Because its wallet was stolen, the Bitcoins purchased by investors on the platform were gone. Therefore, to become a Bitcoiner, please remember: Not Your Key, Not Your Bitcoin. Only by firmly holding Bitcoin in your own hands can you enjoy the high security of the Bitcoin network and enter the new world of Bitcoin.

The first thing to do to become a Bitcoiner is to deeply understand and study the Bitcoin white paper.
Here is the Chinese translation of the Bitcoin white paper: Bitcoin: A Peer-to-Peer Electronic Currency System.
My understanding of the Bitcoin white paper
It is no exaggeration to say that the Bitcoin white paper is the cornerstone of the entire crypto industry, and it also helped me open a new chapter in my life. It was through this white paper that I became aware of this new form of currency and found a new direction in my life. If it weren’t for Bitcoin, I might still be doing a job I don’t like very much, complaining about my boss’s incompetence all day long, or consuming all kinds of entertainment gossip, and spending my life in a daze.

I don’t want to be rich, I just want to support myself!
I am unemployed
After being fired twice in a row, I began to realize that perhaps my career had reached a dead end. As we grow older, the mid-life crisis begins in advance: no matter how hard we find another company, no matter how diligent we are at work, or no matter how groveling we are to please our leaders, we will inevitably fall into unemployment the next time.
I think it will be difficult for me to finish this life just relying on working to make money. I need to get rid of the life of relying on working for a living, and actively look for and create more sources of income, so that I can complete this life without relying on anyone and truly relying on my own efforts and diligence.

BounceBit is a BTC pledge chain that raised $6 million in funding. It has been made clear that points can be exchanged for tokens, and an airdrop may occur in May. The project is currently conducting a test network activity. If you participate, you may get air investment qualifications, so get started!
1.Project introduction
BounceBit is a BTC staking chain that guarantees security by staking Bitcoin and BounceBit tokens. BounceBit is powered by CEFFU (formerly Binance Custody) and Mainnet Digital for secure Bitcoin storage. The system’s PoS mechanism introduces a dual-token staking system that leverages native BTC security and full EVM compatibility.

Written in front

After entering the crypto industry, I have always been curious about and yearning for a group - Bitcoiners. Some people say that Bitcoiners must hold at least 100 bitcoins, some say that Bitcoiners only buy and never sell bitcoins, and some say that Bitcoiners are all paranoid and only go all in on Bitcoin.
I also want to be a Bitcoiner, but I don’t know what it takes to be a qualified Bitcoiner? I think this question cannot be explained in one or two sentences. After all, the answers may vary greatly for different people. But I think that all roads lead to Rome, and as long as you do something, you can always get closer to this goal. So, I asked ChatGPT with this question and got the following answer:

The so-called restaking means that you pledge ETH to obtain a pledge certificate. For example, if you pledge ETH on the Lido platform, you will get stETH. Restaking means that you will get stETH and then pledge it again. This way you get 2 benefits. Currently, the leading project in this field is Eigenlayer, which is also considered by insiders to be one of the major airdrops in 2024. Moreover, the ALT recently launched on Binance Launchpool has also announced that it will airdrop ALT tokens to Eigenlayer stakers. Therefore, the sooner you participate, the more opportunities you have to receive airdrops for more projects.

In fact, the concept of re-staking is not new, but the positive impact it brings is still relatively large. On the one hand, it improves the network security of ETH and provides more income opportunities for staking users. There are currently nearly 500,000 ETH pledged in it. Due to the rapid growth, Eigerlayer has currently suspended deposits. The next staking opening will be on the 29th of this month, and I believe it will be quite intense then.

In the world of investing, finding the golden egg is important. And finding a goose that lays golden eggs is even more important. If you want to find the goose that can lay golden eggs in the crypto world, the Cosmos ecosystem is undoubtedly a treasure. Not only does it provide high annualized staking returns, providing stable interest income; airdrop rewards from time to time will bring bigger surprises; and the current currency price is at a low level, which is a good time to enter the market.

By examining the staking yields of multiple projects in the past week, I selected some projects that I thought were pretty good. Of course you can find more here and you have the flexibility to choose according to your preferences.