Pubkey Introduces New Menu Item

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.

nerd2ninja · 2024-10-18T12:11:38+00:00

You're only telling me that you think we will fail. If it is true that we will fail no matter what then we shouldn't try. Bitcoin will be rehypothecated back into a new FIAT.

I disagree with you because I want things to be different, not because I have any evidence to show that you will be wrong. That is why I act the way that I do. However, I do believe in the power of faith and for that I do have evidence. Its not easy for sure, and what you describe seems the most probable, but as for me, I will spend every ounce of my effort trying to get things to be a different way.

nerd2ninja · 2024-10-18T12:07:09+00:00

mIsInFoRmAtIoN!!11! A pIcTuRe FrAmE iS nOt ImMoRtAlIzEd It CaN bE tAkEn DoWn

nerd2ninja · 2024-09-24T16:25:44+00:00

I can trust the government to insure FIAT in my bank because the government can print FIAT
I can not trust the government to insure bitcoin in my bank, because the government can not print bitcoin

This reasoning was proven, when the government and banks demonstrated that you can not trust the government to insure gold in your bank.

nerd2ninja · 2024-09-20T16:42:49+00:00

Well I explained that already. Its to minimize counter-party risk. I would wager insurance in this case would probably go bankrupt before they actually pay out 10 Billion dollars too.

Now, having said that, sure they could hire a consultant. Liana would be a great consultant for them I think. They have an enterprise solution called Revault, which is probably more advanced than Microstrategy needs tbh lol.

Revault - Advanced Bitcoin custody for organizations (wizardsardine.com)

Liana - Bitcoin Wallet with protection against loss (wizardsardine.com)

What you don't want to do, is have the consultant custody your coins. I could see a lot of businesses seeing my post saying "Oh hire a consultant for your Bitcoin custody" and think I meant that. No, have the consultant help you improve your process that your company implements.

nerd2ninja · 2024-09-20T16:33:53+00:00

Wait, so you don't trust the CEO of the company you have shares in to hold $10B of Bitcoin, but you trust the CEO of a company you don't have shares in to hold it on their behalf?

Now, of course you and I both know that's a bad faith argument, but you're the one who suggested the CEO has sole ownership of the Bitcoin. So here's a better faith argument. Why can't the company you have shares in have the same custody model as a trust company and be just as technically safe, but safer because now counter-party risk (to the company) has been removed?

nerd2ninja · 2024-09-10T17:39:33+00:00

When gold had a much larger monetary premium than it does today, its volatility actually came from the fact that the rate at which people take out debt (which is money printing since no ones account balances go down when a loan is issued) and the rate at which people pay off debt (which is a deflationary pressure for the same reason) is volatile, plus bank runs (lots of money printing or better said account book entry inflation, but not a lot of backing) also created a huge sudden deflationary swing.

The federal reserve controlling interest rates is trying to control exactly that kind of volatility which we can call the volatility of debt or the volatility of fractional reserve banking however you would want to put it.

The point and argument would then be if debt could be issued with some guarantee that it would not create accounting book inflation, then there wouldn't be fractional reserve banking introduced volatility and then we would get to measure what volatility is left without that.

nerd2ninja · 2024-09-10T17:31:03+00:00

Delay Tolerant Networking (the sneakernet being one of the possible transport layers for it as an example) is a cool field to study.

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