it’s been 6 days and i’m starting to finally laugh again. not about that topic, i can’t joke or meme it. it’s too close to home and the panic i felt and the stories i heard from friends and it was something i’ll never see humor in. i’ve been extremely sad, very angry, personally hurt and let down.
but i’ve finally found things i can laugh at again, and that tells me that we’re gonna be okay, bitcoin is gonna be okay.
i’m so so grateful for you all and so proud of our community and our ability to care and support each other no matter how good or how bad it gets.
thank you nostr, thank you bitcoin.
i'm having a hard time comprehending how you build a business based on selling the safest cars in the industry and for 5 years you don't check once to make sure your seatbelt actually fastens correctly.
i have always advocated for self-custody of your bitcoin, and i’ll continue to do so, but i think going forward a good strategy is one that’s built on maximum protection and damage control, therefore i believe that a mixture of accounts is likely the best solution.
~85% in 2-of-3 multi-vendor multi-sig deep cold storage.
~10% in an exchange (i.e. river, strike, or fold)
~5% in a hot wallet + lightning
i’ve given this a lot of thought, and these are the trade-offs that i’m willing to make. if any of you are still trying to figure out your strategy, i hope this helps in what you decide to do. 🫂
pure and utter negligence and the entire bitcoin community is coming together to provide the latest information and try to help protect the victims and others who are at risk and what has @coinkite and @nvk said? fuck all.
fwiw river locks incoming bitcoin for a holding period. you can also enable force field which you can set withdrawl limits.
doesnt seem like a bad idea till you figure out a new self custody strategy.
we're likely going to see other vendor exploits in the coming weeks.
bitcoiners cycle through and loop the stages of grief better than any other group of people i’ve met.
we know the process well. we heal, we keep going. a technology beautiful in its design and empowering every individual on earth should not be met with this much pain.