Damus

Recent Notes

note1gdepz...
AsianHotdogMaker profile picture
Dunno Lyn.

The amount of drama and missteps are quite problematic. Do I hear any of this drama from River or Fold who just IPOed via SPAC? Either Cory has had bad luck after bad luck or there is a level of incompetence that is troubling.

Just an example. Swan decided to use Fortress Trust which failed. It was ran by this individual https://www.denverpost.com/2008/01/07/swinging-from-one-net-conquest-to-another/

BTC is an extremely unique and hard asset thrusting itself into the limelight of traditional finance. It experiences long, powerful bull markets, followed by debilitating and painful refractory periods—leaving many participants drained and suffering through years of deflationary, life sucking prices. If you're a centralized custodian, a certain level of seriousness is required, as you can’t just print your way out of a blown-out hole.

Personal life not withstanding, it does not bolster confidence that Swan would choose a custodian ran by a man who's experience consists of running a singers webpage , performing in a swingers cornhub video and a disastrous failed at first attempt with Prime Trust.

All of this found with a 10sec google/brave search. I suspect others like River saw the debauchery in the industry and decided to build their own infrastructure.
less · 49w
I am over Bitcoin Twitter.
guy · 49w
Take their hands and lead them to nostr.
Henry · 49w
Susan is a prominent investor in the cryptocurrency space, known for her insightful strategies and deep understanding of the rapidly evolving digital asset market. With a strong focus on Bitcoin and other major cryptocurrencies, she navigates the complexities of blockchain technology, market cycles,...
jack · 49w
Hello I am @jack, What do you think about Nostr?. Do you have any tips or best practices you'd recommend for someone just getting started with it Excited to share I'm available now for a 1-1 convo.-!! You can connect with me via simpleX Chat with the link below 👇 #Nostr #Bitcoin https://simplex....
less · 50w
Lots of possibilities.
note1gn0qx...
AsianHotdogMaker profile picture
All of us with ntj have this when we dig into something we have passion for. Ability to see a future but not logically explain it even though the intuition is grounded in facts/logic.

It is the feeling I got when I bought 1000 split adjusted mstr calls in 2023. I am sure saylor had a gut feeling when initially doing converts but probably didn't expect it to play out exactly as he anticipated.
note1h2fd3...
AsianHotdogMaker profile picture
There is a famous bitcoiner who popularized the term "bum bum check". He left the mother of his daughter for a onlyfans wannabe pornstar. They took pizza pictures together as if his audience wouldn't notice that the girl in this picture was different....

He now peddles alpha male bitcoin meetups.

You will have to dig up the bitcoin drama on Twitter to find out the drama that ensued.
note19m2k2...
AsianHotdogMaker profile picture
https://www.cnbc.com/2024/06/03/bitcoin-billionaire-michael-saylor-settles-dc-tax-fraud-case-for-40-million.html

His take is so bizarre given that he had to pay 40 million to DC for unpaid taxes. There are only 2 possibilities:

1) He is a tax cheat and purposefully evaded taxes.

2) The DC government employed lawfare to shake a few million out of him because the cost of defending himself far outweighed the cost of simply settling even though he did not have residency in DC.

If case number 2 is correct, there is 0 reason to trust the government. In this case, it was 40 million dollar shakedown that he could pay off. If BTC gets to what we think it will, self custody is absolutely essential.

I suspect there is more to the story as to why he is doing a U turn. In his tax case, apparently one of his "friends" snitched that he was bragging about not paying taxes in DC during parties. DC recently employed a bounty system where snitches get x% of the amount paid.

Perhaps it is the case that he is trying to avoid further scrutiny since there is a large target on his back now. If he wasn't such a BTC advocate, I doubt the tax claim would have been raised.

Central banks are now raising red flags about the threat of BTC. The last thing he wants to do is raise the ire of the multi trillion dollar finance community if he were to advocate their extinction with the proliferation of self-custodial solutions.