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Jake Woodhouse · 2w
I am coming around the firm conclusion that the sharp sell off was almost entirely due to leverage in the system Specifically those that took LTV 50% at 110k usd thinking it was going to 150k The li...
Chris Krause profile picture
I listen to @Simon Dixon often recently, and he says that Bitcoin is constantly under attack. But because it is decentralized, it cannot be captured as a whole. But different parts of it become compromised regularly. Those are for example: developers, miners, exchanges and other Bitcoin related businesses etc.

One of those capture attempts comes of course from Wall Street. One way of attacking Bitcoin is to centralize as much BTC as possible. They are doing this for example through ETFs, custodial BTC, Treasury Companies and by giving loans against BTC collateral.

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Spend less than you earn.
Own more sats than last month.
Hold your BTC in self-custody.
And stay humble, for fucks sake.

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Jake Woodhouse · 2w
Great advice Chris Agree