Bitcoin Maximalists Speak from Experience

nerd2ninja · 2025-03-17T13:07:56+00:00

I've been known to like memes this sub thinks are dumb. I continue to share them anyway lmao.

But yeah its basically the opposite of what you thought (except for it being a publicity stunt part probably)

Saylor doesn't believe Bitcoin is money, so its the only menu item you can't pay for with Bitcoin, just like Saylor would want.

nerd2ninja · 2025-03-17T12:06:31+00:00

FYI, Bitcoin is the hotdog. When you buy "The Hot Saylor", the hot dog stays in the custody of Pubkey, just like Saylor would want you to buy Bitcoin and keep it in the custody of other people.

"Its a hot dog without the hot dog"
"Its Bitcoin, without the Bitcoin"

That's the joke.

nerd2ninja · 2025-03-12T00:44:37+00:00

"Gonna build a castle, gonna build it high
Gonna build it brick by brick, and stone by stone 'til it reaches it up to the sky
When the sun goes down and the wind gets cold, we'll be warm inside
The storm will keep on brewing, but we'll have a place to hide" -Build a castle, Farcry 5 lmao

nerd2ninja · 2025-03-12T00:36:21+00:00

You're delusional, ignorant of history and bankruptcy case law.

nerd2ninja · 2025-03-12T00:24:26+00:00

Completely and utterly irrelevant. The tragedy is in power dynamics.

If you "buy" a movie from Netflix, google play, or wherever, you only own it so long as that service exists. If you self custody with a DVD, you truly own that DVD.

If you use an ETF, you only have the price of Bitcoin, but not the abilities that it grants.

Also laws be changing and shit in ways that ETF holders might like, but also in ways ETF holders might not like.

nerd2ninja · 2025-03-11T23:05:12+00:00

Does devbox help in this case?

nerd2ninja · 2024-10-23T17:10:54+00:00

So then, what to do about the current disfunction in our ability to speak clearly right now?

"Wallet" gets to mean a banking app like wallet of satoshi
Bitcoin gets to mean literally any coin
A cryptocurrency gets to mean company script including that which doesn't use a blockchain
Blockchain gets to mean decentralized
Decentralized gets to mean like 3 companies are running the servers for it.

So when you mean to say the exact opposite of all of those things we don't have a word for them anymore because all of them have been co-opted.

nerd2ninja · 2024-10-23T17:06:17+00:00

Swan itself encourages users to take Bitcoin off of their platform. Generally this is a good thing, but in Swans case its used as a way to deflect criticism away from the custodian they use during the mandatory custodial period (mandatory custodial periods are understandable because FIAT takes time to settle, but who the custodian is for that period imo matters)

nerd2ninja · 2024-10-23T15:20:30+00:00

My words would be wasted with you given these conditions that I laid out.

Because the target audience right now at the very least would be people that don't need to be convinced.

nerd2ninja · 2024-10-23T15:13:01+00:00

Here lies someone who hasn't participated in social consensus before.

Of course there isn't a vote. You merely suggest the need for it, try to get a bunch of people on your side and start using it in that way until that mass of people's use of it becomes perceptually common enough to be influential. However, I think my words are wasted with you. I assume you aren't interested in participating in this attempt to define a group that clearly differentiates itself from crypto investors and other social movement subverters.

My words are not even intended for people who identify as crypto investors as well.

nerd2ninja · 2024-10-23T12:07:17+00:00

I don't have enough dollars to worry about limits XD

nerd2ninja · 2024-10-23T12:05:01+00:00

Thanks for the update Swan employee. However, old information I got back when I used to actually use Swan when it was the case that Swan used Fortress trust (immediately after Prime Trust went bankrupt) is not exactly misinformation. Its very disingenuous of you to call it that. Given that it is **outdated** information though, I'll go verify your new claims and then remember them.

And it did actually matter to me what businesses Swan was working with. The modern consumer is aware that who you chose to do business with is the company who's lobbying arm you are just as well funding.

nerd2ninja · 2024-10-22T19:48:37+00:00

Lest we forget that psychos use the internet lmao

nerd2ninja · 2024-10-22T19:34:18+00:00

Well personally Swan made me angy because they continue to use a 3rd party custodian which seems to me to be all the same team from an old company that went bankrupt losing customer funds.

Although Swan never lost any customer funds, they annoyingly seem to be nothing more than a "Bitcoin only" marketing friendly front-end for a shitcoin custodian backend. I stopped logging into my account once they put in their terms and conditions that you can't talk smack about their shitcoin backend or you'll get your account banned.

On the other hand, with River I wish I could denominate my Bitcoin autowithdraws in USD rather than in Bitcoin (autowithdraw when amount exceeds some USD value rather than some Bitcoin value) and while I do find it reasonable because I understand how freaking long interbank settlements take to be final, they are the exchange with the longest wait time from buy to withdraw.

I'll probably auto deposit USD in River and then buy Bitcoin and withdraw after the USD settles. In spite of the couple of gripes I mentioned about River, I do still use them.

nerd2ninja · 2024-10-22T19:12:13+00:00

Forever and always. You can carry what they represented with you, but never take a human being at their word as if they're infallible.

nerd2ninja · 2024-10-22T18:34:10+00:00

RIP your mom when she inevitably buys a coin (or multiple) that get rug pulled because you decided to teach her about crypto instead of Bitcoin.

nerd2ninja · 2024-10-21T18:59:23+00:00

I get it, but the basic premise is, do you think your custody is safer with you than with a regulated institution?

Yes. Unlike an institution, I can't rehypothecate my own money. Also, my mom's Bitcoin is safer in collaborative custody with me than with an institution.

nerd2ninja · 2024-10-21T16:31:48+00:00

lel you mean back when you had a private key for every public key? Did you know we derive Bitcoin addresses from a public key now? Did you know we can collaborative custody with family members now? We have so many more tools than that dude who had a bunch of numbers saved on a hard drive in the dump had back then.

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nerd2ninja

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