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Accountability and transparency is never to much to ask for.
GM ☕
It was me. I gave them the $150MM.
Found it in my couch.
Waking up and continuing the violence, i see. Let there be blood
KILL YOUR HEROES
Nah, it was at the inn, not the couch, David. Couldn’t have been to know what the what is.
Send my regards
Didn’t see you in the couch neither, David.
@Spiral
😉 
@ODELL your boldness is appreciated as anything outside of self-custody contains counter party risk. The timing is laughable as I just helped my daughter set up a Bitcoin Roth IRA on Swan to max out 23/24 contributions prior to an ETF approval but Truth prevails!
Pro tip: Never trust anyone that looks like a used car salesman 🚩
I love comedy.
Swan has been feeling more and more scammy since the prime trust debacle. Beyond basic damage control, they haven’t done much to restore my confidence in their operations. That and back in September it took way too long to withdraw my bitcoin, so hopefully they turn things around soon.
Sorry buddy but this thing you have with swan smacks of unnecessary infighting.
Is swan onboarding new people to bitcoin? Yes.
Is swan encouraging self custody of assets? Yes?
So what's the issue. Ten31 is more transparent and thats much appreciated, but we also dont need this catholics vs protestant thing when we all have the same goal.
Plus there are so much more fucked up issues in the world that are happening now... Let's focus where it matters? Freedom tech and education.
👏👏👏👏👏👏
This is healthy
Marty's not crying, Odell just has onions
Your post is getting a lot of positive feedback.
Added to the https://nostraco.in/hot feed
I think you should host a nostr nest tonight and talk more about it.
I remember when Odell started talking about Prime Trust going bust before it did, I talked to someone at Swan about it and they assured me "trusted custodian" "certified fiduciary" or some suit talk for "couldnt possibly be re-hypothecating your money". I decided I trusted Odell more, and what do you know, turned out Odell was right.
If you currently do business with swan, look at what you pay in fees and spread to buy then look what they paid in fees to give you those sats on chain. Do the math yourself, I bet you find they are losing money on you as a customer.
I find it unlikely that everyone else is somehow paying 10x the fees I am or costing 1/10th in on chain fees. Once I saw that I moved my DCA somewhere else.
View quoted note →
I was at the first Pacific Bitcoin when the first rumors were swirling about Prime Trust. I was near Corey and overheard him assure someone that prime trust is solid.
I'm a smooth brain, but even I could see it in Corey's body language that even he was questioning.
ODELL AND MARTY EMBODY THE SPIRIT OF THE PLEB. THEY’LL ALWAYS BE A PART OF US.
I know (almost) nothing about crypto, but I do know banking. If someone is holding your (value) as custodian, it is guaranteed that entity is hypothecating that value somehow. Absolutely 100%.
I highly suspect they use the small buyers as a loss leader for getting a big customer base and it's funded by the people buying in the 4 to 6 figures.
I think it is that they need a large % of customers to allow them to custody and never withdraw. Even million sat UTXOs aren't profitable at current fees unless my math is terrible.
When Matt says 'they refuse to answer anything privately' at top of clip that is massive red flag in my opinion. In my experience at venture backed company you give investors info if they ask. It doesn't have to be detailed, high level ok. Stonewalling investors is highly suss.
Matt is getting asked about it, that is why he's asking Swan. If there's no issue then Swan should be ok with everything, not stonewalling and then saying as only response on social media hes just some disgruntled early investor and 'trust us bro'
Lol yeah Pete wont stop. I want to know what Lynn Alden does
Don't trust anyone. learn to ask questions though. do our best to verify
Who is asking Matt about it? Why hasn't he divulged that information? Using his logic we should call bullshit if he refuses to tell us. Besides, Ten31 have no rights to Swan information & Matt knows this.
do it. ask him.
"I'm a smooth brain" made me laugh real hard 🤣. Thanks, homie
I bounced a Swan around the same time. Too much smoke in the air. Gotta be a fire there.
I LIKE TURTLES
Me too
HE DONT MISS
