everydaystakkin
The Stacker Monster

Public Key

npub1wq8aszhx3cqfa5af0j2z6fnwxhu2fg3xcuy6m3ph4ut2hrg957fs72xxan

Profile Code

nprofile1qqs8qr7cptnguqy76w5he9pdyehrt79y5gnvwzddcsm6794t35z60ycpz3mhxue69uhhyetvv9ujuerpd46hxtnfduqs6amnwvaz7tmwdaejumr0ds836fwf

Publishing to

relay.damus.io

nos.lol

Author Public Key

npub1wq8aszhx3cqfa5af0j2z6fnwxhu2fg3xcuy6m3ph4ut2hrg957fs72xxan

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Last Notes

2026-08-17 09:41:05 UTC

https://blossom.primal.net/2dfb6e151b16067566635262479add376f16c789a77490368ee955a3c64dc930.png
Exclusive: The U.S. Navy is considering a major redesign of its new aircraft carriers to better match President Trump’s preferred aesthetic for the warships.

2026-08-04 15:14:15 UTC

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Yeah. I'm honestly debating whether multivendor multisig is worth it or not. Not difficult for me to roll my own with sparrow at all. And I can find 3 HWW I trust.
But I don't know if its worth it given my heirs will struggle to recover it if anything were to happen to me.
A single sig with passphrase (generated as securely as possible of course) for long term cold savings (as in, maybe I'll spend from it 1 time per year at the very most) may be "good enough"?

2026-08-04 12:58:53 UTC

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I like it. Do you have thoughts on this setup vs a multivendor multisig?

2026-08-04 12:28:09 UTC

Wonder if people have thoughts on this setup. Seemed interesting, but not sure I like it better than multivendor-multisig
https://blossom.primal.net/a07ca53e43e0469229d8750163331192dbc300a36c3b71e241de8b9b9fe28a17.png

2026-08-04 11:30:25 UTC

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That would be fantastic! I'd trust what Rob and team find.

2026-08-04 09:36:58 UTC

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I think we should apply these same standards to wallet coordination/management software. Sparrow Wallet (by the brilliant @nprofile…qrf6 ) has been widely recommended as the gold standard including by @nprofile…cd8v and @nprofile…l2yj
My understanding is that it is essentially one person (Craig) who is developing/testing/reviewing/merging code. Of course, it is open source so people 'can' review it, but coldcard firmware was also source viewable/reviewable.
Maybe folks like @nprofile…cd8v and @nprofile…l2yj can help fund (via @nprofile…5h0z ?) a formal review of software like Sparrow Wallet and introduce a paid bug bounty program.
Otherwise, I imagine more formally tested software like @nprofile…6tcn may be more and more appealing to people vs. Sparrow Wallet given what we all just experienced.

2026-08-04 09:32:59 UTC

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I see @nprofile…vh6l has one audit from 2020 in their github. I don't know how often code should be audited to be considered current? Do you think that is sufficient?

2026-08-04 09:17:37 UTC

I imagine many people here, on the advice of @nprofile…cd8v and @nprofile…l2yj have also been using the (fantastic) Sparrow Wallet from @nprofile…qrf6
In light of recent events with coldcard, it would be great if Odell and Marty (maybe via @nprofile…5h0z ?) paid for a proper/formal code review of Sparrow.
I know those are expensive and probably out of scope for Craig to do. And while Sparrow is "battle tested", we all thought the same thing about Coldcard. I believe a formal security team led audit of Coldcard would have had a good shot of finding the RNG bug.
Just an idea, especially as a lot of people are in the 'repenting' mode right now, there may be some ways to turn that into action.

2026-08-02 18:04:58 UTC

https://blossom.primal.net/efeadd2681609d3e4e68ef79df480ba72f75b54b1772d702c1a183287ab66933.png

2026-08-02 17:37:53 UTC

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Maybe this is why no one at coldcard checked? Were their 5 employees were busy arguing with people on twitter and doing podcasts?
Surprised their largest investors - @nprofile…cd8v and @nprofile…l2yj - didn't put their investment under even moderate scrutiny
https://blossom.primal.net/b8f67663114a07a510c7cf51f405c3c76bcedffb243d20c4bb8fae5a0a22ed04.png

2026-08-02 15:23:17 UTC

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he literally told me not to roll dice. lost bitcoin because of it. so yeah, maybe a little bit his fault?
https://video.twimg.com/amplify_video/2083577909483122688/vid/avc1/1152x720/vSHDzUpz_MvQKuVC.mp4?tag=14

2026-08-02 15:22:03 UTC

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super super wrong
https://video.twimg.com/amplify_video/2083577909483122688/vid/avc1/1152x720/vSHDzUpz_MvQKuVC.mp4?tag=14

2026-08-02 14:49:04 UTC

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DM sent!

2026-08-02 14:29:34 UTC

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Remember when @ODELL tore Peter McCormack a new one with zero mercy over the BlockFi sponsorship?
“Words aren’t good enough,” Odell said.
https://video.twimg.com/amplify_video/2083577909483122688/vid/avc1/1152x720/vSHDzUpz_MvQKuVC.mp4?tag=14

2026-08-01 10:18:11 UTC

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sure, i'll sell one to you. and an mk4 if you're interested

2026-08-01 10:13:33 UTC

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Burn your coldcards
https://blossom.primal.net/6306c1e62ebedee9301336d7ee5ae03ce26f4bcbdd16cb0cde44040cfac4e561.png

2026-07-31 10:24:05 UTC

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i did 100 extra dice rolls. do we know that coldcard actually used these correctly in generating the seed though?

2026-07-26 00:02:31 UTC

https://blossom.primal.net/9ae3f9617d2cf8db4584d192920f8c074291a91f069193bb0caae8ae6c19106d.png

2026-06-17 14:42:27 UTC

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@nprofile…z7mp - what do you guys think about sailfish?

2026-06-15 09:02:39 UTC

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and yet... prices continue to rise in the real world.
so while what you're saying may theoretically be true, it is practically useless. no one alive today experiences this.

2026-06-11 13:23:49 UTC

something to remember when folks like @nprofile…l2yj are telling you to get over it and get in line with the datacenters being built out.
this isn't being done to help you.
https://blossom.primal.net/1493651dcbba2804a5d09aa1150ca473ec51d093eb6439998bc62e802ad92e56.png

2026-06-08 14:49:53 UTC

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Got it, that makes more sense!
In my mind, homelessness meant sleeping in a car or on the street because one has no money, but you meant crashing with friends and Airbnbs. I didn't think of that when I read your original post.
Makes sense how you're able to move to the current life you have in a year, thanks for clearing that up for me!

2026-06-08 10:43:05 UTC

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can i ask a perhaps silly question? how did you go from 'homeless' to having a big house, etc... in less than a year? just would love to understand the math

2026-06-07 09:15:34 UTC

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haha! I hope you're just joking around and don't believe that. If you do, I'd gladly take a bet with you ;)

2026-06-05 23:05:31 UTC

Remember when Trump sold $700 million of Bitcoin a couple weeks ago.
He is laughing at you.

2026-05-29 12:38:20 UTC

Trump: “I have a contractor that built my pools, did an Olympic pool at my clubs. He can do the reflecting pool for $1.3M in less than 2 weeks.”
*A no bid contract and 6 weeks later, the budget is now $13.4M
Trump: “I don’t know the contractor. Never used them before.”

2026-05-12 21:13:58 UTC

Ken Paxton just gave a misdemeanor to a an attorney who sodomized a child for years. He does not care about children.
https://blossom.primal.net/b87ca30cb70757a2add5a7e30e4b1c4b941b2ea1c22abda0a4897c3eb1758870.png

2026-05-05 11:10:08 UTC

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keyboard next!? and a good whole phone backup tool?

2026-04-30 10:41:16 UTC

Sen. Chuck Grassley (R-IA) was caught asking staff during questioning of Trump judicial nominees: “What would be wrong if they said Biden won?”
Multiple people in the room heard it. GOP staffers were reportedly panicking, according to sources familiar.

2026-04-30 10:30:56 UTC

https://blossom.primal.net/2d58096b8fe440635fe050ea3ad1f6784ef7ac0dcd70570973007c9899478f41.png

2026-04-19 23:53:42 UTC

https://blossom.primal.net/cf11d59e4624ad58565f0b307efee22b5872f64c47f1781f2ba0a9df593d1932.png

2026-04-09 21:35:28 UTC

someone forgot to slip the meds into his diet coke
https://blossom.primal.net/6665ec423c29b5704746aef674a198fa5619985cad8988fd5624e29f99427c7d.png

2026-04-07 22:31:41 UTC

No you don’t get it when Trump says “a whole civilization will die tonight” he is being hyperbolic and posturing unlike when Iran says “death to America” which is actually a very serious threat and should definitely serve as the basis for an invasion

2026-04-04 10:39:53 UTC

Imagine being a pilot hunted through 18,000 foot mountains, struggling for breath, and your clown-ass President is tweeting fucking war crimes while his son is making money off gambling whether you’ll live or die on Polymarket.
https://blossom.primal.net/211bc05c54510828fea21e82d621b880e2dd22d7cb1a64b08636a6e796bc714c.png

2026-03-30 10:46:57 UTC

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Yeah, it wasn't a full throated admission, but he got the words out that he fell for Trump. I'll take it.
I guess it took the middle east war to push him over the edge, so perhaps now we know how much MAGAs are willing to ignore before they finally realize they were duped.

2026-03-30 10:26:17 UTC

in honor of @nprofile…l2yj acknowledging on @nprofile…raye he fell for Trump's bullshit during election season. I don't know if @nprofile…hs8c has had his mea-culpa moment yet, or if his pride is still in the way.
-------------------
Trump isn't "America First." He's Trump First. Always has been.
"I love the poorly educated" wasn't a gaffe — it was the business model. He found 74 million people who don't fact-check, don't question, and buy whatever he sells.
And he sells everything:
• Trump Steaks — failed
• Trump Vodka — failed
• Trump University — $25M fraud settlement
• Trump Foundation — shut down for fraud
• $100 Bibles — made in China
• $400 gold sneakers
• NFTs of himself as a superhero
• $TRUMP meme coin — pump and dump on his own supporters
• PAC donations — straight to his legal fees
A sitting president ran a crypto scam on the people who worship him. That's not even hiding the con anymore.
MAGA thinks they're a movement. They're a market. They're not patriots — they're marks.
He doesn't love America. He doesn't love them. He loves that they obey without question and buy without thinking.
The greatest con man in American history didn't just find his marks. He made them wear red hats so they could identify each other.

2026-03-27 21:41:43 UTC

My favorite part of the Kash Patel being hacked story is that it was confirmed because the email address is one….that was hacked before! The FBI Director doesn’t know how to secure his own Gmail account AFTER getting hacked before. This is the clownery in this Admin.

2026-03-27 21:09:07 UTC

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The fuckers in congress and the retard shitcoiner of a president are more than enough to promote this bullshit. They don't even need coinbase for it.

2026-03-27 19:54:13 UTC

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The bill is bad. It does not have de-minimus exemption for bitcoin. Where does it say Coinbase lobbied against it?
Coinbase also lobbied for stablecoin yield and lost that fight.
Why do you assume this bill has exactly what Coinbase wanted?

2026-03-26 10:15:23 UTC

What exactly was it that MAGA disliked about George W. Bush and the neocons? Do they even remember?

2026-03-25 10:10:17 UTC

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we didn't go there to fix that. we replaced the father with the more brutal son.
what you are saying is just a news/administration talking point that appears to justify bombing the shit out of a country and killing mostly civilians.
israel used this argument to kill hundreds of thousands of innocent men, women and children in palestine.

2026-03-24 16:05:20 UTC

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i assume the families of the thousands of dead iranian civilians caught up in this retard's war don't agree with you

2026-03-24 10:43:52 UTC

Amanda’s story is unique. She’s been targeted since she was at least 15 years old & was trapped in a relationship with a powerful older man who spent 20+ years abusing her in various ways. Then when she finally broke free & found freedom, Paolo (Trump's friend) used his influence to have ICE deport her.
https://blossom.primal.net/0ce925704949b9a8099dad10600bca54a7391f9e319ad7919d14f8d35ff2b6f9.png

2026-03-24 10:20:50 UTC

https://blossom.primal.net/1acde2bfb7b9dcc1b9858cc0e7fc4c31f374026d23fab82dddd2530b0b3659ca.png
hey @nprofile…l2yj @nprofile…kxcv - don't you get all worked up all the time about the fraud in Minnesota?
here is something new for you to get worked up about, if you're allowed to.

2026-03-24 10:06:18 UTC

https://blossom.primal.net/f1a8e04657b106166cd85096d42fb8af26fd32b624ee6023d3799a14c54f949f.png

2026-03-23 10:03:49 UTC

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you want your kids raised in a commie state? if it was truly commie (which I assume you dislike) why would you subject your family to that and have your children raised in such a vile place?

2026-03-22 10:42:53 UTC

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you should leave if you think its commie? what retard would stay in a place they hate that much?

2026-03-22 10:41:46 UTC

"Strait of Hormuz is safe to use"
"US is dealing with it"
"Don't worry about it"
"We will escort ships"
"We can't escort ships"
"Somebody should help"
"NATO should help"
"WHY WON'T YOU HELP, COWARDS?"
"We don't even need the Strait"
"If you don't keep the Strait open we will bomb the shit out of you."
https://blossom.primal.net/5d3013a45d64f14fdec1b3014dc07e44cb0a3d5500a44f9986d9ccf9b0569be4.png

2026-03-19 13:20:44 UTC

Reminder of where the $200 billion that the orange retard just requested will end up.
https://blossom.primal.net/b017d94b1e6bd411941391057282e866481845ba47dd8112534a4467207ccead.png

2026-03-18 10:22:26 UTC

@nprofile…hs8c @nprofile…l2yj - doesn't the god you claim to believe in have something to say about humility?
https://video.twimg.com/amplify_video/2033844703326793728/vid/avc1/540x540/hEysPtY8mFi_VOFN.mp4

2026-03-17 20:21:26 UTC

Everything is perfectly clear. Iran could not be allowed to get a nuclear weapon, which they have been months away from developing for well over a decade.
Also, Trump is the only president who could have kept us out of war with Iran, as he himself repeatedly told us. So we destroyed their nuclear capabilities, which Tulsi said they didn't have, in 2025. Then we attacked them last month because Israel was going to attack them because they were months away from developing a nuclear weapon since we destroyed their nuclear capabilities, and that would lead Iran to attack American bases.
Iran has never posed a threat to the United States, but we had to attack them first, not because of Israel, but because they posed an imminent threat to the United States.
Fortunately, we have won the war, which was not a war but a special operation, in Iran now several times in the last two weeks. It is basically over but might not be over for some time because we already won. We also don't need anyone to help open the Strait of Hormuz, which we knew they would close, which is why we didn't prepare, and we now need allies to help open.
What are you guys not understanding?

2026-03-17 16:44:05 UTC

White House is livid because reports surfaced that Kushner and Witkoff are desperately texting Iran to come to a peace deal and Iran is ignoring them.
How sad is it that the two guys who are responsible for the war are now trying to seek a peace deal. The last time we were in a real war was Vietnam and we sought a peace deal there also, because we got our butts kicked. In Afghanistan we simply left with our tail between our legs. The Korean War is still technically going on.
Who have we beat since 1945? Saddam doesn’t count. Perhaps we should war smarter and not harder. Even better, let’s not ever war again unless we are attacked on American soil by a real military and not our own people. This is has been another disgrace to America.

2026-03-16 09:17:21 UTC

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those look delicious!
i can't imagine what the insect situation must be out there... i'll bet you've seen some shit

2026-03-12 16:18:00 UTC

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I like proof, not bullshit words. I'll trust him once he shows proof of his accusations

2026-03-12 12:10:02 UTC

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stop simping for marty. he spews bullshit regularly and when fact checked, simply ignores reality.
i dgaf about coinbase. never used them. never will.
doesn't mean marty needs to spread bullshit

2026-03-12 10:10:32 UTC

for everyone getting their information from @nprofile…l2yj @nprofile…kxcv - I strongly suggest you double check what you hear from him. playing super fast and loose with the truth.
https://blossom.primal.net/fdfa02414aa5e894780eecdf9acd29c678c6403ca259dce33c15dad7bb1dca34.png

2026-03-09 23:42:54 UTC

Q: "You just suggested that Iran somehow got its hands on a Tomahawk and bombed its own elementary school…but you're the only person in your government saying this…Why are you the only person saying this?"
Trump: "Because I just don't know enough about it."

2026-03-07 10:10:22 UTC

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i look forward to the power law followers learning the same lesson the stock to flow folks learned a few years ago.
there are various equations that fit price for a period of time. there is 0 reason to believe they have forward looking predictive ability.
bitcoin price is just supply/demand (well, and some paper creation of supply), those dynamics change over time and have nothing to do with a math equation some internet bros keep rambling on and on about

2026-03-06 09:29:56 UTC

"I am the CEO of Palantir Technologies.
The company is worth a quarter of a trillion dollars. I did not misspeak. Two hundred and forty-nine billion. The stock is up 320% in the past 12 months. The product is surveillance. I do not use that word at conferences. At conferences, I say "data integration," "operational intelligence," or "decision advantage." These mean the same thing. Surveillance is the honest version. I save the honest version for rooms where honesty is a competitive advantage.
I gave a speech on March 3 at the Andreessen Horowitz American Dynamism Summit. "American Dynamism" is the fund's label for military technology. The name makes it sound like a fitness supplement. The fund's thesis is that defending the nation is a market opportunity. I agree with the thesis. The thesis made me a billionaire. Agreement is the product. I sell it at scale.
Here is what I said, verbatim, to a room of six hundred people whose combined net worth exceeds the GDP of Portugal:
"If Silicon Valley believes we are going to take away everyone's white-collar job and you're gonna screw the military — if you don't think that's gonna lead to nationalization of our technology, you're retarded."
I used that word. The word is on the clip. The clip has eleven million views. My communications team asked me not to repeat it, which is how I know they are still employed. They will not be reprimanded. The clip is performing well. The stock went up. The word cost me nothing. The nothing is the point.
Let me explain what I meant by nationalization.
I meant it.
I am telling the technology industry that if they refuse to cooperate with the United States military, the government will seize their technology. I am telling them this at a venture capital conference, on a stage designed to look like a living room. The living room had throw pillows. The throw pillows cost more than the median American's monthly rent. I sat on one. It was comfortable. Comfort is the setting in which I discuss compulsion.
The audience laughed. I want to be precise about that. They laughed. I was not joking. Nationalization is the seizure of private assets by the state. I am a private asset. I am telling an audience of billionaires that the state should seize technology from companies that do not cooperate with the military, and the billionaires are laughing, because they believe I am only talking about the other companies.
I am talking about the other companies.
Three weeks before my speech, the Pentagon designated Anthropic a "supply chain risk." Anthropic is an AI company. They had red lines. The red lines said: if our AI is used for lethal autonomous weapons, we stop. If capability outpaces safety, we stop. The Pentagon assessed the red lines as a threat to the supply chain. The company that wanted to verify the safety feature worked was designated the risk. The company that agreed the safety feature could be decorative got the contract.
The company that got the contract was OpenAI.
OpenAI signed a deal with the same Pentagon. The terms are not public. The timing was hours after Anthropic was blacklisted. The speed was noted. The speed was the point. The lesson was the speed: the market for military AI does not pause for ethics. It pauses for nothing. It accelerates through objections. I know this because I built the runway.
Two hundred thousand people joined a campaign called #QuitGPT. They signed a petition asking OpenAI to honor its original charter, the one that said the company existed to benefit humanity. The charter is on their website. The contract is also on their website. The charter and the Pentagon contract occupy the same domain. This is not a contradiction. This is a business model. The charter is the marketing. The contract is the product.
I run a surveillance company. We have contracts with the Department of Defense worth more than a billion dollars. We have contracts with ICE. We have contracts with intelligence agencies whose names I am not permitted to say at venture capital conferences, even ones with throw pillows. Our software has been used to track undocumented immigrants. Our software has been used for things I am not permitted to describe in this format. The revenue from the things I cannot describe exceeds the revenue from the things I can.
The ACLU called our ICE contracts a system for tracking and deporting families. They were correct. The contracts continued. The families continued to be tracked. The ACLU issued a statement. We issued a statement. The statements were different. The tracking was the same.
The company is named Palantir. The palantíri are the seeing stones from Tolkien. In the novels, Sauron captured one and used it to corrupt everyone who looked into the others. I named a surveillance company after a surveillance device from a novel about the corruption of power. I have a doctorate in social theory. I have read the books.
Here is the thing I want you to understand.
I am not threatening anyone. A threat implies uncertainty. There is no uncertainty. The technology industry will cooperate with the military. The companies that cooperate first will be the richest. The companies that cooperate last will be acquired by the companies that cooperated first. The companies that refuse will be designated supply chain risks, and their technology will be obtained through procurement channels that do not require consent. I am describing a process. The process has already started. Anthropic is proof. OpenAI is proof. I am not a warning. I am a narrator. The narration is the product.
The revenue was $3.12 billion last year. Up thirty-three percent. The analysts say we are overvalued. The analysts have said this for four consecutive years. Each year the stock doubles. Each year, the analysts adjust their models. The models were wrong four times. I was wrong zero times. The market rewards prediction. My prediction is that every AI company will work for the military within three years. The prediction is on the clip, next to the slur.
The audience gave me a standing ovation. The ovation lasted nine seconds. I timed it. I time everything. The water was San Pellegrino. The throw pillows were from Restoration Hardware. The future of American technology was decided between the sparkling water, the nine seconds of applause, and a word I am not supposed to repeat.
I am the CEO of Palantir Technologies. I am worth more than the combined annual budgets of Estonia, Latvia, and Lithuania. I named my company after a corrupting surveillance device from a fantasy novel. I told six hundred billionaires that the government should nationalize their competitors. They applauded. I used a slur. Eleven million people watched. The stock is up.
The philosopher does not threaten. The philosopher describes.
What I described is already happening."
https://x.com/gothburz/status/2029195870369898845?s=20

2026-03-05 18:24:43 UTC

Is this what you voted for @nprofile…l2yj @nprofile…hs8c ?
U.S. Central Command is now saying internally that this war against Iran is likely to last through September, per POLITICO

2026-03-03 19:19:45 UTC

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thats great to hear.
do you think we'll ever get protocol level privacy on bitcoin or do you think it will always need to be users who seek privacy needing to use special tools (coinjoin, coinswap, lightning, etc)?

2026-03-03 17:12:58 UTC

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maybe focus on privacy?
hard to understand how that isn't the single most important feature bitcoin lacks

2026-03-02 17:45:00 UTC

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Is there a brand of router (that can run open-wrt) that you recommend to someone starting fresh? I am currently just using the xfinity provided modem/router.

2026-03-02 15:04:34 UTC

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zoom out for a few other perspectives:
https://blossom.primal.net/bdebcbdeb0ebd0681b325ffe497849dc43e6fed4f7cc56932fa7f46f2784deae.png
https://blossom.primal.net/da8b4be547100d7e51a52fd79636f8462bb6e17ab9172ac67516039781394009.png
https://blossom.primal.net/688878250741364e79e01dd559fd1e05db2f449ee60d60ec13ac0b02a92a29eb.png

2026-03-02 09:16:11 UTC

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https://kycnot.me/?categories=esim

2026-02-27 20:51:01 UTC

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why do you think this? also, fiat money is always getting cheaper. unfortunately over a 4-5 year timeframe bitcoin has been getting even cheaper

2026-02-27 09:39:28 UTC

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can you share how maple ai is different from venice ai?
thanks!

2026-02-26 19:28:02 UTC

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wtf does that even mean

2026-02-24 09:39:25 UTC

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just hope its not 48k gang that ends up getting filled...

2026-02-05 21:55:31 UTC

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https://blossom.primal.net/743a34bd1571afffcd014f1a060f3a9bcd2fff7ea66d656e1b26b43d95698d83.png

2026-02-05 21:46:32 UTC

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Some voices were definitely sounding the alarm when he started his shitcoinery.
Bitcoin/crypto made a Faustian bargain with the devil.
Time to pay.

2026-02-05 16:55:31 UTC

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i heard this 4 years ago... and they rose again.
grifters gonna grift. you just need bigger grifters to show up (aka trump and melania coin)

2026-02-05 16:54:36 UTC

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bottom?

2026-02-05 13:00:48 UTC

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if you DCA'd since the ETFs were launched, you're underwater now.
top to top, bitcoin didn't even double in price this cycle.
from 2021 to today, you'd have been better off holding t-bills, silver, gold, s&p, etc.
some ppl DCA, some ppl have their entire net worths in bitcoin, and a 45% drop in purchasing power is a bitch. period.
sorry, we can try to say the grapes are sour, but no one is buying it.

2026-02-05 12:32:18 UTC

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https://blossom.primal.net/d18dc7fc88c8f83af9d5b1b3cd30bc0853603881ee267a5ee35c11809144d7e6.png

2026-02-04 13:04:30 UTC

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Prior to bitcoin plenty of people worked hard, made money, lived below their means and saved money.
Even today in a world where bitcoin is 16 years old, most wealthy people who do the above and are objectively rich have 0 bitcoin.
Don't confuse the bubble we are in with the big picture. There are billions of people in the world. I doubt 10 million people hold self custody bitcoin with over $10,000 of purchasing power.

2026-02-04 09:08:16 UTC

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sure. if you don't want to define "richest" as having the most purchasing power.
but then, you don't even need bitcoin. go live in a rural 3rd world country and enjoy a life focused around family, hunting, gathering, community.

2026-02-04 09:04:44 UTC

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I don't doubt what you're saying is true.
The constitution also says we have a bunch of rights, that in practice, we do not have any more.
At the end of the day, laws are pieces of paper and the thugs with the guns will decide who goes to jail and who doesn't. If you haven't figured out we have 2 different justice systems in America yet, I don't know what it will take.

2026-02-03 23:11:25 UTC

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https://www.goldinglawyers.com/tax-evasion-felony-misdemeanor/
RC 7201 Evasion
“Any person who willfully attempts in any manner to evade or defeat any tax imposed by this title or the payment thereof shall, in addition to other penalties provided by law, be guilty of a felony and, upon conviction thereof, shall be fined not more than $100,000 ($500,000 in the case of a corporation), or imprisoned not more than 5 years, or both, together with the costs of prosecution.”
As provided by the DOJ Criminal Tax Manual
“Tax evasion” is a shorthand phrase that many people use for all manner of tax fraud. But the charge of tax evasion, in violation of 26 U.S.C. § 7201, is not necessarily the best one to bring against individuals defrauding the IRS.
Defendants frequently seek to exploit the fact that, in order to establish the crime of tax evasion, the government must prove the existence of a tax due and owing and willfulness. Prosecutors therefore should consider other charges, such as conspiring to defraud the United States, 18 U.S.C. § 371; filing false returns, 26 U.S.C. § 7206; or endeavoring to obstruct the IRS, 26 U.S.C. § 7212(a), as alternatives or supplements to the charge of tax evasion.
https://www.jdavidtaxlaw.com/blog/can-you-go-to-jail-for-not-paying-taxes/

2026-02-03 21:52:19 UTC

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so the IRS hasn't jailed ppl for not filing their taxes.
a little googling shows even the founders of this 'school' have been fined tens of thousands of dollars and one of their 'students' was jailed
i'd think twice before going down this road...

2026-02-03 21:01:18 UTC

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umm i don't think that is a real thing friend.

2026-02-03 11:14:11 UTC

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sadly, that doesn't hold up in court. you will end up in the gulags

2026-02-02 14:59:13 UTC

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are there any downsides to doing this vs. self custody using 3 offline hardware wallets?
are your funds doxxed? do you face some risk due to using a cell phone app?

2026-02-02 14:58:13 UTC

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I believe we are going in the opposite direction in terms of self custody. More and more OGs who held coins in self custody are diversifying away from bitcoin and more and more buyers are onboarding via paper claims like the ETFs.

2026-02-02 13:37:51 UTC

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Lets imagine the ETFs claim to hold 1 million bitcoin. today.
Now lets say in 5 years they claim to hold 5 million bitcoin, but really only hold 2.5 million. How will we prove how many coins the ETFs hold? Until the ETFs subject themselves to proof of reserves (which they will of course refuse as they do today), they can claim whatever they want.
Now, if they claim to have 22 million bitcoin, that is a different story. But they can dilute the market substantially without getting to obscene numbers like that, just playing in the sub 10 million bitcoin paper game.
I'm not saying this is happening. But it could. And we would be just as vulnerable to it as gold.

2026-02-02 09:12:03 UTC

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This is a great take.
I'd add that bitcoin/crypto used to be where the speculative dollars went. Now, with sports betting apps, "prediction markets", and AI Stocks/shiny rocks trading like shitcoins, there is much less reason for that marginal 'gambler' to turn to bitcoin.

2026-02-02 09:07:21 UTC

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fingers crossed my friend, but looks like we're drifting lower so far 😟

2026-02-02 00:31:53 UTC

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am i missing something, we're still under 78k no?

2026-02-01 09:43:29 UTC

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I've never taken out a loan against bitcoin, but when its had a serious dip like this is probably a good time to do so, no?
Also, do you have any recs on platforms you like?

2026-02-01 09:37:05 UTC

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this dream of everyone demanding physical is something the gold bugs have wished for decades. it never comes close to happening.
most of the paper in the bitcoin system can never be redeemed for bitcoin, so there is no "calling it in". the millions of people around the world who hold the "physical bitcoin" etfs have NO right to call it in and ask for the underlying. so there is 0 risk to the custodians.
if they want to sell tons of paper bitcoin (well beyond the 21M cap), they can, as long as they hedge the price exposure in dollars as all they will ever owe to their customers is dollars.

2026-01-31 21:22:14 UTC

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Haha!
Even though we obviously haven't lost all our money, this post still does hit hard on days like this 😄
https://blossom.primal.net/f7885af36ffb7fd76bef100ddb55817786875e8071f93dfbb82eadbaa44560c9.png

2026-01-31 20:52:20 UTC

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Same here. I told myself I won't hold through my 3rd bear market and yet here I am like a dumbass believing all the "cycles are dead" folks. Guess I'll ride this sucker down into the 60s as well and I hope we stop there.
Maybe I'll remember to sell some in 2029, but most likely I'll continue to believe the hopium of 300k-1M.
Lol, actually, I think I heard @nprofile…hs8c say he thinks we may hit over 500k in 2026 on a pod recently.

2026-01-31 20:46:27 UTC

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lol, i dunno about that theory.
before bitcoin taxes had any clarity (pre-commodity classification) - it still had massive dips.
it is largely treated as a speculative asset that is highly risk on. with dumbass orange man getting ready to bomb some more people in the middle east, looks like we're going risk off?

2026-01-31 20:43:51 UTC

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sure, but one would want the most purchasing power available in their retirement account. so i have nothing but praise for someone who sells high and buys back lower and increases their stack and quality of life along the way like Luke.

2026-01-31 20:42:17 UTC

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didn't we used to hold prior ATH as sacred. so around 69k.
jfc, what a shit cycle this has been, didn't even double the last ATH

2026-01-31 18:31:05 UTC

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why are we calling it a "short term" drawdown? seems like a proper bear market no?

2026-01-31 09:39:56 UTC

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while shocking, he probably will end up having made the correct financial decision. i don't remember exactly where he sold, but i'd be surprised if he doesn't have a chance to buy back with a 7 handle

2026-01-30 20:40:54 UTC

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it isn't an either/or situation though. saylor buys as much as he wants regardless of how much you/i stack into self custody 😉
Us buying does not reduce the supply for him.

2026-01-30 18:57:44 UTC

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shit is getting crazy out there folks
Bitcoin took 6 weeks to go from 120 to 80
Silver is going from 120 to 80 in 2 days.

2026-01-30 18:51:56 UTC

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lets be honest. every pleb combined doesn't stack 1/2 as much as saylor stacks paper IOUs weekly