1/ Don’t get your NFTs stolen, kid.

As a bitcoin boomer, I know a thing or two about digital asset security.

And I can tell you most security advice on Twitter is pretty bad.

Maybe that’s why you’re all getting your wallets emptied…

Let’s do a lil thread 👇🧵 2/ Crypto OGs always say "just get a hardware wallet!"

But those boomers are out of touch.

Hardware wallets were designed for holders.

On their own, they're not a great fit for active NFT traders and minters.

🚨YOUR WALLET SUCKS. YOU WILL LOSE YOUR CRYPTO

Today we learned that an OG bitcoin developer got hacked and lost all his coins.

If this can happen to the world’s leading experts, it can happen to you too.

Here are some hard truths the experts aren’t telling you👇🧵 2/ The first thing to understand about crypto custody is that no single solution is “the best”. People have different needs, different skills, and different risk appetites.

There’s no one way to cater to everyone.

Most “expert advice” ignores this and is therefore bad advice.

1/ LASTPASS USERS READ THIS ‼️

Twitter is full of misinformation and bad advice.

If you use LastPass, attackers probably have a copy of your vault.

CHANGING YOUR MASTER PASSWORD NOW WON’T HELP, they already have a copy that is unlockable with your old password.

What to do? 👇 2/ First, Stop using LastPass.

We don’t know how bad things are. It’s possible that attackers have ongoing access, so don’t just change your passwords and put them back into LastPass.

We will take care of urgent accounts first, manually, then set up a new password manager.

what shocked me about this LUNA collapse is how many investors didn’t understand the dynamics AT ALL

i didn’t believe it would implode right now, but understood the dynamics and what a crash would look like if/when it does happen

shockingly many didn’t, from retail to pros🧵/1 have been reflecting and thinking about what it means that people didn’t understand what they invest in

and if it’s our responsibility to educate them

maxis obviously having a field day, but did they help? calling everything a scam didn’t do much, factually no one listened /2

when moxie repeatedly says that the lightning network is broken and can’t be used at scale in real-world apps, the bitcoin cultists harass him for weeks and call him a scammer

when he has some concerns about NFTs the same cultists say “listen to him he’s a real cryptographer”! moxie’s article was good btw

unlike the bad faith arguments from the bitcoin cult, his critique followed a real attempt to experiment and learn what’s available

he also clearly understands the appeal and motivation

i wish the bitcoin cult had a tenth of his capacity for nuance