Damus
HODL profile picture
HODL
@HODL
You’re not a Bitcoiner until you…

Buy Bitcoin.

But then you’re like wait, I need to get these coins off the exchange.

So you get a hardware wallet.

But then you’re like wait, this is a ledger.

So you get a cold card.

But then you’re like wait, it isn’t using a passphrase.

So you use a passphrase.

But then you’re like wait this isn’t multisig and multisig would be better.

So you buy 4 more coldcards and set up a multisig.

But then you’re like wait I can’t just do coldcards I have to guard against supply chain attacks.

So you buy a ledger again and probably a bitbox too.

But then you’re like wait, I haven’t geographically distributed these.

So you disperse them throughout the country.

But then you’re like wait, what about jurisdictional risk?

So you disperse them to multiple countries.

But then you’re like wait, what if I was tracked as I was placing the hardware wallets?

So you…

There’s actually no end.

It just keeps going like that forever.

Congrats you’re a Bitcoiner now lol 😂
7725❤️150🤙28😂11👍5💜4🤣4
redsun · 75w
And the you like “hey indeed multisig is less secure then singlesig”
TeslaLiberty · 75w
The thing you are forgetting is the lindy effect of your hardware device. The longer you have a hardware device, the less likely it could be compromised and you could lost your funds. If you decide to change wallets, you have a risk that your new device is compromised or a technical risk that you ...
randy · 75w
this is so true
Tibo Cintio · 75w
Huh, that’s about right actually
Tidwell · 75w
but then you come to nostr:npub17yqgpat6e6ensd78jqhj4c3ef03uq04uqu3z05rhjnlk67lwm8wq9w5269
XAKAMOTO · 75w
Until you get nakam0t0, and then you rest
Sondre | satoshiconsult.com · 75w
🎯
Anda · 75w
This is the best Bitcoiner evolution description. Re supply chain and Coldcard… if you buy them as separate batches the supply chain risk goes away, however, it is known where all your devices came from. I think Coldcard deletes user purchase data after 90 or so.
Fake Pilot · 75w
And before, when using fiat, you where like: ”I trust the banks and governments to keep my wealth safe.” And behind your back they took that money, lent to others, keeping only a minimal to be paid back while investing in risky, dirty business and war.
nostrich · 75w
There should also be some shitcoining episode in the middle of this journey 😎
SelfBankt · 75w
https://media.tenor.com/yvevOdaDuLUAAAAM/ben-stiller-hand-gesture.gif
Diyana · 75w
OMG! Ugh grrrrrrr, wt... How is an average person going to ever become "bitcoiners"? I just recently aquired my first physical device, a bitkey. Haven't sat down to set it up yet. So before I do... Could someone orient me... Where does this fit in the whole scheme? And the. Someone mentioned utxo ...
PHILIP · 75w
Hahaha damn
B1ackSwan · 75w
I am at step 7. I hope to be a Bitcoiner some day, still have a few steps to go 😉
BRITTAN · 75w
Before buying, research digital privacy and security practices #xmr
Horszt · 75w
It is and endless research🧡
Niko 📚 Konsensus Network · 75w
And in the end you are back to custodian services as has been the case throughout history. For most self custody is the largest risk.
Judy Amendt · 75w
You just identified my husband! lol
Bobo ⚡️ · 75w
And the guy with #PayPal #bitcoin thinks he’s winning 🥇 nostr:note1zsek9l3kwvyqh05faeeqlxfvhpzamgl08a0vn292t0gpqlwy6u2qwkmch7
DoShitters · 74w
The bitcoiner journey in a nutshell 🥜