“Normal people” will never take “self custody” of their #bitcoin
And even if they do they will find a way to make it fully trust based like Casa or Cold Card.
Bootlicking is in their blood. It’s natural and they love to ask permission and trust personalities.
…
But that’s only because they’ve been training from childhood to live in fantasy.
In their world everything is fake. Cash, stocks, education, certification, licenses and even reputation are whatever their god the state determines.
State power is the only thing that exists
…
As long as they are in the good graces of their god transactions are reversed, financial crimes are ignored, their enemies are punished and the fantasy remains intact.
The head of the SEC made it very clear that if you:
1. Give money. 2. With the expectation of profit. 3. From the work of others.
You've invested in an unregistered security and that is illegal in the US
Here is why he also made it clear #bitcoin is not this, but "most" are...
When bitcoin was released Satoshi posted code. Some people chose to run that code and mine bitcoin. No money was ever invested by anyone to anyone else for the purposes of building anything.
Eventually people chose to exchange bitcoin for money.
Without #bitcoin a lot of us think the financial system would collapse in the USA soon.
The nightmarish reality is that we still have plenty of time to slide closer into the third world poverty lifestyle of Japan.
It's not a coincidence "Satoshi Nakamoto" is trying to save us..
The Japanese work long hours in high tech jobs, yet they can't afford a bed. They sleep on mats in tiny apartments, ride bikes (because cars are expensive), eat out with their fake families (work "friends"), can't afford to have a large family, eat a lot of soy...
And are generally as far away from the masculine warriors of WWII as could be imagined.
They gamble and play with comic book characters.
What westerners often think of as "cultural" is really simply the result of 1st world poverty fully inculcated into a society...
#bitcoin is amazingly resilient. Even if an attacker broke the code or we suffered a nuclear war that bombed us back to the stone age the UTXO set would be recovered and bitcoin would come back online with existing holders largely being unaffected
HOWEVER...
If I was a central banker my focus would not be on attacking the network, but in discrediting the UTXO set itself.
This might actually be cost effective given the sad state of self custody.
...
A small number of generally poorly funded and incompetent startups are trusted to secure significant sums of bitcoin in hardware wallets or solutions like Casa.
This is even worse because much of the bitcoin is being held by blatantly custodial services.
The goal was to gather together the opinions of as many people as possible to show that there are best practices that we pretty much all agree upon and direct new bitcoiners quickly and easily to a bitcoin storage solution or wallet that fits their needs.
...
We could definitely use more reviewers, but already it is clear that there is nearly complete consensus on anything that a new bitcoiner cares about.
(if you would like to provide a review please DM me - we need it)
When someone objects to bitcoin because it won’t allow for big government or harms the environment don’t address the objection. Instead...
Simply explain that their opinion doesn’t matter anymore. They have lived in a world where mob might makes right so they assume their opinion of something has an impact upon it - because for things not government hard this is true at this soviet moment in history...
But #bitcoin only needs a small percentage of the world to choose to hold it for world dominance to become inevitable in spite of the opposition. Indeed it’s already happening at an accelerating rate.
They have become obsolete. The mob has been dethroned...