💉💉A time capsule from the pandemic. Every clip is a public official, on the record, describing their fellow citizens. No commentary needed. Just watch how it sounded.
A core sign of low intelligence is not being able to hold two contradictory ideas in your mind at once.
Most people treat an idea as a team to join.
Once they join that team, the opposing view becomes a threat. You stop thinking and start reacting.
Orange pilled my mate down the pub last night.
Honestly, it’s so simple once you explain it properly.
I told him Bitcoin is just money you hold yourself.
He liked that. Then he asked how you hold it.
So I explained you buy a hardware wallet, but obviously not that one, and not that one either.
Then I said don’t trust its randomness, you’ll want to generate your own entropy with dice.
He said “like Monopoly dice?”
Bless him.
No, mate. Casino-grade precision dice, and verify they’re fair first, because a biased die is a biased seed.
Then I said roll it 99 times.
He asked why not fewer.
I explained that anything less than 99 rolls gives you less entropy, and while 50 rolls and 12 words is technically unbreakable by every computer that will ever exist, we don’t do technically round here. We do 256 bits.
He asked what a bit was. I told him not to worry about it.
Then I explained you do this in a room with no phone, no smart speaker, no camera, ideally soundproofed, because the acoustics of a dice roll and your keystrokes are a side channel.
He’d gone quiet by then, so I gave him a minute.
Then I said you’ll want 3 seeds, not 1, because single points of failure are what wiped out 500 people last week. So that’s 297 dice rolls.
Then multisig, 2-of-3, and you’ll need to back up the descriptor as well as the words, because 3 seeds alone won’t rebuild the wallet, and yes, that’s a fourth thing to lose.
Then I said store the 3 backups in 3 separate locations, because if a burglar or a house fire gets two, you’ve achieved nothing.
He asked where.
I said somewhere fireproof, ideally stamped in steel, definitely not the loft.
Then I mentioned the Faraday bag.
And the airgap.
And that you sign transactions by waving QR codes at a Raspberry Pi you built yourself.
And that you should rehearse the whole thing on a parallel test network with fake coins first, obviously.
He asked what happens if he gets it wrong.
I said you lose everything forever, and nobody is coming to help you.
Anyway, that’s another one onboarded. 💪
I love how @nickshirleyy inspired a generation of reporters to simply walk into these places and uncover ridiculous fraud.
The more reporters doing this, the better.
🚨After spending 9 years in Bitcoin, I hate to admit it, but I was wrong.🚨
SELF CUSTODY IS DEAD
1,300 Bitcoin was stolen from Coldcard, so now I'm putting all my Bitcoin in BlackRock and Coinbase.
The track record of centralized institutions is great.
📉FTX stole 100,000 Bitcoin in 2022
📉Voyager - 65,000 Bitcoin in
📉Blockfi - 75,000 Bitcoin in 2022
📉Celsius - 235,000 Bitcoin
📉Quadriga - 60,000 Bitcoin
📉Mt Gox - 700,000 Bitcoin in 2013
📉Genesis - 150,000 Bitcoin
📉3AC - 175,000 Bitcoin
I am absolutely flabbergasted at the amount of people proclaiming self custody is dead.
Yes, what happened to Coldcard was horrible, but PERSPECTIVE is everything!
NOT YOUR KEYS NOT YOUR COINS
@scoper19008@mattkratter@stayrubin Seems to me @mattkratter is doing everything in his power to ensure Bitcoin remains a fortress. If you’re looking for someone who has a “hero”-like god complex, please see NVK’s posts on X. You’ll have to contact @1914ad though - NVK started deleting them when all this went down.
@brian_trollz@otaliptus@hodlonaut@GrassFedBitcoin Read the room idiot. Everyone is trying to band together to help people in need or at risk. @hodlonaut and @GrassFedBitcoin aren’t focused on you right now. The fact that you’re focused on them says a lot. You’re such an embarrassment to this movement.
Coldcard fucked up massively, people who lost bitcoin made mistakes. Both are true. Distributed risk, no moral hazard & max accountability is why bitcoin strengthens. Answers here: focus on entropy, eliminate single points of failure, insurance. Not the answer? Centralization.
I can't believe this is real.
The Chancellor of UC San Francisco testified under oath that a "vast majority of pregnancies are in women." Implying some pregnancies occur in men.
When asked directly whether a non-biological woman has ever had a baby, he refused to answer. This is the head of one of the top medical schools in the country.
To all those who believe the rhetoric around the Knots/BIP110 gang being a cult of ignorant plebs following the "rantings" of "crazy" man @LukeDashjr and "make shit up" guy @GrassFedBitcoin ... it's bullshit.
I'm here because I believe Knots/BIP110 provides the best opportunity to keep the Bitcoin network decentralized and, subsequently, keep bitcoin immutable money ... that's it.
Regarding the "crazy" man and "make shit up" guy ... if they ever act antithetically to bitcoin as immutable money, I'll drop 'em like a hot potato ... like I did with that "buy STRC and yo-yo yield coins cause we got no spam problem" pontificator, Saylor.
I suspect most, if not all, of the Knots/BIP110 folks feel the same way ... that said, I can't say for sure ... because I haven't met any of them ... it's that beautiful decentralization thing in full bloom you see ... so you'll have to ask them yourself if you want to know how they feel.
Have a good day.