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Do you Acquire Over Time (AOT) or Buy in Bulk (BIB)? *Strategy*
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$BIB was my 2X today, still holding small bag hoping a pump
BIB MY FRIEND https://preview.redd.it/1naf343bk5gc1.jpeg?width=364&format=pjpg&auto=webp&s=6eb3482d055a9e4572b20e935952c0a34b401135
$BIB bibcoin their social: [birdwithbrows](https://x.com/birdwithbrows?s=21&t=Fc_l1z3kUZ2JWVpmro_keA) it started out as an social experiment. token has been active for close to 2 weeks. think there’s a lot of organic room to grow here. anddd, there’s indeed a irl bird with thick brows. Lol. https://preview.redd.it/lhr7x2kl55gc1.jpeg?width=600&format=pjpg&auto=webp&s=ef8f0bbeeadb05a71fffbd801362e64ff5544880
Actually, you are to be commended -- you're close. It all starts with a random 256-bit unsigned integer -- the seed *number*. Since humans aren't very good at dealing accurately with very big numbers, the 256 bit seed *number* gets converted to a ordered set of seed *words*. The seed *number* gets chopped into 11-bit segments. 11 bits can represent the numbers 0 through 2047, inclusive. The BIB-39 word list contains 2048 words. 24 times 11 is 264, more than 256 - thus 24 words can "encode" or represent any 256-bit number and have a few bits left over. The extra bits hold a computed checksum (for error detection). The seed *words* are one way to format the 256-bit random seed *number*. During a recovery, the wallet is able to compute the original seed *number* from the seed *words*. From a seed *number* a wallet is able to generate a very large number of 256-bit private keys, in a deterministic way. In other words, every time the wallet starts with a particular seed *number*, it will always generate the exact same sequence of private keys. This enables thousands, even billions of private keys to be backed up (and restored) from a single seed *phrase*. Recap: from a random number, the seed phrase is generated. The seed phrase can be easily converted back to the same number. From its random seed number a wallet can generate as many private keys (and, receive addresses) as any person would ever be able to use. Backing up the seed number effectively backs up all the private keys generated from it. Meanwhile: Each private key generates one public key. Typically, one receive address is generated from each private/public key pair.