"It’s a healthy practice to approach our work with as few accepted rules, starting points, and limitations as possible. Often the standards in our chosen medium are so ubiquitous, we take them for granted. They are invisible and unquestioned. This makes it nearly impossible to think outside the standard paradigm." - Rick Rubin
Mulecolt
Mulecolt@primal.net
npub10997...p0tx
I don’t exist
I remember when everyone would get excited because someone on television said “bitcoin.”
We’ve come a long way.
If you are hyper focused on bitcoin in this present moment you should be able to see that a new deal is being made. Instead of a global Chokepoint 2.0 we’re seeing Floodgate 1.0. This is the most important inflection point in bitcoin’s history since it monetized. Nothing that has come before has prepared us for this.
Be nice.
I managed to avoid getting caught in the Mt. Gox debacle by pure luck. I stuck with Kraken and Coinbase mostly during the 2016-2018 era but still wasn’t hardcore on self-custody.
By 2020 I was convinced that we’d arrived and putting some bitcoin on Voyager to earn interest was safe. I read a piece by @Jameson Lopp that convinced me I was wrong so I pulled my bitcoin back to cold storage and after seeing how easy it was I went and got it all off exchanges. Voyager collapsed a few weeks later. I ran into @Jameson Lopp In El Salvador and got to thank him in person. Saved me about a half million in today’s prices.
Bull markets make us dumb and the side effect is exchanges blow up and plebs get ruined. Self-custody is easier than ever. If you don’t self-custody, please start. If you do, find someone who doesn’t and teach them.
