Amidst the “seedless is safer” debacle a point lost on that model is that Block in the last two years they’ve laid off ~2k people, the stock has been flat for almost 8 years, they have a trailing twelve month return on assets below 2%, and thus could present an shareholder activist or acquisition target. Block getting taken out Elon style is a very real possibility people should consider. To be clear they’re profitable so they won’t disappear, but it’s a reasonable concern that someone else owns or controls it in the next several years, especially if Bitcoin takes off and legacy players feel the need to catch up. GN!

qq: if a transaction is all that’s needed for sovereign and resilient BTC self custody, then why did we bother with all this seed phrase, descriptor, and running nodes shit? All an unsafe collective delusion?

Cryptographic Proof of reserves > some 24 year old fresh accounting grad that didn’t take any advanced math or computer science classes explaining to some 55+ year old audit partner and regulator who has all their passwords written on a piece of paper that the “crypto” is all there sir, trust me!

GM! Trust self custody with steel backups. Saylor and all his cronies just keep regurgitating that proof of reserves are a huge security problem… without giving any actual reasons. He says ask AI in deep think mode. If you are unwilling to even give a single reason I cannot take you seriously. The idea that an accountant’s opinion is stronger proof than cryptographic evidence is laughable.

Had a bone in ribeye from a local farmer with the family, absolutely delicious. Then used the bone and the trimmed fat to make soup. Soup is so rich and tasty with that as a stock base.

GM, you can just have a bone in ribeye from your local rancher for breakfast