Drake

VP, Banking Operations @unchained | @calfootball Alum | #Bitcoin

[Unchained @unchained]

After 17 years, bitcoin is still widely misunderstood.

We partnered with @atlanticrethink to make a short film for the curious ft. @natbrunell, @NSmolenski, and our CEO @josephkelly. Not the crypto story. The bitcoin story.

The New Rules of Bitcoin, out today cc @TheAtlantic.

[James Lavish @jameslavish]

Good morning.

The 20 millionth Bitcoin was mined yesterday. This means that 95% of all Bitcoin that will ever exist is now in circulation, and it will take 114 years to mine the remaining 5%. No other asset on earth works like this.

Have a great day.

[Matt Cole @ColeMacro]

https://t.co/5gdKWpFATh

[Drake @DrakeUnchained]

@mattmcman_s not feeling too hot about my C- draft grade, great players adapt 😂😈

[Drake @DrakeUnchained]

💙

[Unchained @unchained]

$1,000,000,000+ in loan originations
4000+ loans
9+ years
Zero rehypothecation

[Unchained @unchained]

Bitcoin is for generations.

It’s not just yours—it’s for the people you love. Have you planned what happens if something happens to you? Your legacy is worth more than bitcoin.

[Unchained @unchained]

The enhanced Unchained experience is now available for all clients.

Manage all your vaults in one place with a polished interface, simplified vault management, and a smarter key manager.

Log into your account today, and let us know what you think.

[Unchained @unchained]

We’re proud to announce the Bitcoin Legacy Project, a comprehensive initiative aimed at funding those who shape bitcoin’s future—from community hubs & education to open source development. https://t.co/tEcBxbYw0H

[Luke Gromen @LukeGromen]

Important IMO. Headline just hit.

h/t PK

[Ledger @Ledger]

Secure Your Bitcoin. Maximize Your Tax Advantages.

Tax season is here, and Bitcoin investors are looking for the best way to protect their assets while optimizing their savings.

With @unchained’s Bitcoin IRA, you get the benefits of tax-advantaged growth while maintaining full control over your Bitcoin.

It’s the only Bitcoin IRA that allows for self-custody with Ledger Flex, combining industry-leading security with the flexibility to manage your holdings on your terms.

Take control of your Bitcoin and your future.

[Simply Bitcoin @SimplyBitcoin]

JUST IN: Giant #Bitcoin drone displayed over Austin Texas

[Nayib Bukele @nayibbukele]

“This all stops in April.” “This all stops in June.” “This all stops in December.”

No, it’s not stopping.

If it didn’t stop when the world ostracized us and most “bitcoiners” abandoned us, it won’t stop now, and it won’t stop in the future.

Proof of work > proof of whining

[Parker Lewis @parkeralewis]

https://t.co/cnVdkotE8j

[Unchained @unchained]

There are only three things certain in life: death, taxes, and 21 million bitcoin.

[Unchained @unchained]

Unchained was founded at block 433179.

The @unchained 𝕏 handle secured at block 885459.

[Unchained @unchained]

Our special event with @bitcoinpolicy kicks off in 10 minutes. Join now: https://t.co/tcGS5TopO6

[Vijay Boyapati @real_vijay]

You were one of the earliest in the space and had the advantage of network effects and regulatory moats. You could have used this advantage to truly change the world and build a new financial system on top of the only true innovation that came out of the "crypto" space: Bitcoin.

Instead you frittered it away creating an online casino, peddling the most degenerate and useless tokens, most of which have gone to zero against Bitcoin over time and destroyed huge amounts of retail investor's wealth.

Posterity will look back on you and your company and see this as one of the biggest squandered opportunities in history.

Not to mention you had almost a decade to accumulate Bitcoin before MicroStrategy came along and you did nothing with this opportunity, because the truth is you never understood Bitcoin or why it's unique.

[Preston Pysh @PrestonPysh]

4 Companies Demonstrating What Responsible Bitcoin Borrowing and Lending Look Like:
Debifi, Unchained Capital, Hodl Hodl, & Blockstream
@unchainedcom , @debificom , @hodlhodl , @Blockstream

Yesterday, I published a long-form article calling for Bitcoin rehypothecation to be made illegal (can be found in the retweet below). With the SEC’s rescission of SAB 121, traditional Too Big Too Fail banks (TBTF) now have the legal permission to custody Bitcoin and start making loans against it. This is exciting and scary at the same time. It's scary because these banks are masters of lending out more fiat than they have on deposit. In a world where fiat can just be printed and they have a front row seat to the money printer, they can get themselves in trouble and yet always get bailed out. Just look at Silicon Valley Bank and the backstop facility that was immediately stood-up.

Well, Bitcoin works very differently. You can't print more Bitcoin if you're irresponsible with collateral deposits. And these four companies are the "adults" in the space that have demonstrated what right looks like. Period. They should be studied and involved in the regulator process for WHY and HOW their best practices have worked for multiple cycles (80% swings) and haven't had issues with bitcoin collateral being misplaced or under-collateralized.

Interestingly (ironically) there was a Forbes article published yesterday morning talking about these four companies working on a collaborative set of overcollateralized borrowing and lending products. Together, they have leveraged multi-signature contracts, robust loan-to-value (LTV) thresholds, real-time spot collateral monitoring and execution management, and transparent custodial partnerships to eliminate the risks of rehypothecation while providing secure, scalable options for institutional investors. This is the example folks! Good luck trying to read anything behind Forbes firewall but I'm providing the link to the article here.

Fractional reserve practices, rehypothecation, and opaque risk structures have plagued traditional finance for decades. WE NEED THIS TO STOP. These four companies are the example of what right looks like.

https://t.co/9ATqRtaQzH

[Anthony Pompliano 🌪 @APompliano]

If you are unfamiliar with Ross Ulbricht’s story, I highly recommend listening to this.

@BitcoinMagazine recorded a powerful conversation with Ross while he was in prison.

[Pierre Rochard @BitcoinPierre]

The Bitcoin system as a whole is engineered to maximize long-term reliability, that’s why BTC isn’t just another “memecoin token”