Damus

Recent Notes

TeslaLiberty · 6w
Over the next 2 decades, seems pretty high to me
TeslaLiberty · 6w
Which is safer Bitkey or Ledger ?
Fred Johnston profile picture
Both are equally safe.

Bitkey as a multi sig solution where you don’t have your keys - personally - has advantages, but is extremely secure.

Ledger has advantages because you can create your own keys and keep them in a single Sig configuration and be just as safe.

The question is how responsible are you? That’s a more important question to determine which one of these you use.

I do use Bitkey, but it’s my working wallet. I don’t keep everything there.
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TeslaLiberty · 6w
I use to have a cold card multisig. I have held keys for years. I am more asking what are the odds of a ledger rug or a bitkey rug like coinkite
Rich Nost · 8w
Single seed generated offline from good entropy (like dice rolls) is still a viable defense against offline signing device vulneraabilities.
TeslaLiberty · 20w
Some will. Most won't until Bitcoin's volatility is way down. I hope I am wrong. I am a hardcore bitcoin maxi that went through insane volatility and I find strc extremely useful for a 5-10% allocation.
M A D E X · 22w
satoshi wanted early OG’s to be rich enough to make changes - the math was obviously wrong and he accidentally made too few too rich to care - the world will not change for the better until the 1 Bi...
Fred Johnston profile picture
You have a valid point.

But I think we need to give it a little more time. It still might work - we may need a second generation of bitcoin OG‘s to really make a difference.

I think it’s easy to lose faith here but when you consider how much time has passed, we really need to have more patience.
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M A D E X · 22w
we need a based country that will attract all the free men - we need a home
Svoboda · 33w
I believe the reason it is happening more dramatically this cycle is because Bitcoin hasn't lived up to what it was sold as for many of the folks that joined during the endless money printing COVID er...
Fred Johnston profile picture
These cycles are clearly easy to understand. I agree with you that a lot of people buy in at the top of any cycle and then sell at the Lows. It’s human nature. And this will all happen again at a half a million or $1 million per bitcoin.

Bitcoin is gonna separate the speculators from the investors. Surviving that first cycle is pretty tough, especially when you’re young. I started buying bitcoin at $6000 and it went down below $3000. I’ve been buying every day since.
ODELL · 28w
yes but i was more referring to the bitcoin stocks such as metaplanet
unit · 28w
Fiat system killed the Rustbelt Commodity Economy Gold, Bitcoin, AI and Starlink is killing the Fiat City Center Economy
Fred Johnston profile picture
I drive through small towns quite a bit and a lot of them have one little business left. Once we have real money where work is actually rewarded again. These small towns will start to thrive again.

With Fiat that flows to the capitals of the nation and large connected corporations, the small business, and the small towns didn’t ever stand a chance. With or without China.
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unit · 28w
They captured the money flows and defunded the Hard Money Commodity Advocates They defunded their political opponents Reconstruction post Civil War
ภ๏รtг๏ภคยt · 31w
BTW, the government releasing the files slowly is a psychological experiment to see if the collective can be presented with this level of dark truth and STILL vote, STILL go to work, STILL pay taxes, ...
Fred Johnston profile picture
Actually, Trump said he wasn’t gonna release these files in hopes that the elites in the Cabal would let him take over. They did not.

Then Trump released the files redacted with only selective names unreacted. Now he’s dripping names out until the cabal caves.

This has always been Trump‘s way to negotiate. He does it in public.