What happens to your bitcoin when you die? IMO this is a critical attack vector for your OPSEC. Ideally, your physical security and legal security should be symmetrical. (Although not legal advice, this thread assumes that US law applies.) [1/12]
We can experience joy in difficult circumstances only if our lives are rooted in a relationship with God as a loving Father. Only God's love can give us true and perfect joy. If we are deeply convinced that God cares for us as His beloved children, we will not be confused or discouraged, even in the midst of hardship. https://t.co/duKCEN0LpU
@SinaiLawFirm@DDrolapas Well, it may anchor the parties and serve as persuasive, moral authority in negotiations.
Could it rise to the level of a minor breach?
There is no human experience that God does not redeem. When lived in union with the passion of the Lord, even suffering can become a path to holiness. The grace that converts and transforms life strengthens us in every trial. It does not point us towards a distant ideal, but towards the encounter with God, who became man out of love. #GeneralAudience #LumenGentium
@Workrjrxi@sunny051488 Imo best way to prepare for that situation isn’t being levered, but rather having some dry powder. Dry powder gives hodlers psychological strength.
The Bitcoin-backed loans from Coinbase and Strike are beginning to separate Bitcoiners from their Bitcoin, exactly as designed. Liquidations are rolling in.
@BitMasterK Be careful. If I were you, I’d be looking for another lender to give you an emergency loan (and even share in the upside proceeds if the price hits the fan). It could happen all of a sudden. People with loans need to consider filing bankruptcy to prevent liquidations. Seriously.
Forced liquidation is not to be celebrated. It’s a terrible thing that hurts people dearly. Especially our fellow bitcoiners, who are very bullish and used leverage to express that sentiment.
Avoid risk of loss, whether by leverage or counterparty risk. That makes strong hands.
It's hard to tell that Bitcoin protects against debasement from just its price, since most of the price rise since the pizza purchase has been due to the learning curve, not to debasement (fiat has fallen, but not by nearly as much as Bitcoin has risen!). To understand why Bitcoin has and very likely will protect in the long-term against debasement, better than gold has and will, requires deep understanding of the underlying respective technologies that are gold and Bitcoin, especially in terms of their respective extents and qualities of trust minimizaion, and it requires knowing why trust minimization is valuable. These kinds of understandings are still uncommon.