We are repeating the 2013 cycle when companies all wanted to start accepting #bitcoin for payment
Only this time it's for a treasury asset
Discussion
Works for me! 2013 was a ~50x year.
I wish, I was there 🤷♂️
My guy, 2013 opened at like $13 and ended at like $800.
Oh, I know
I watched from the sidelines while I was buying gold
Ah ok yeah. I had a Mt. Gox acct, but wasn’t aware enough to make any significant buys, nor take self custody. 🤷♀️
Was uncomfortable using MtGox sceptical of the wiretranfer process
I wasn't aware of bit instant at the time, I would of used it, if I known it existed
lol 100%, it was sketchy as hell
That’s why I used several layers of digital prophylactic:
1. Set up new bank account just for this.
2. Fund new bank account with cash.
3. Send bank funds to Dwolla.
4. Use Dwolla to fund Mt. Gox account.
Dwolla was a PayPal competitor that no longer exists, but existed at the time an Mt. Gox supported.
With this plan, even if Mt. Gox was hacked (which it eventually was), the hackers would only get my Dwolla account and possibly my special-purpose, cash-only-funded bank account.