did you see Plan B is trading his bitcoin for an ETF? 🤦♂️
Discussion
Meh. I suspect he’s going to have his bitcoin identity death.
Why? Two reasons.
1) security. He probably values all of his fingers. https://timesofindia.indiatimes.com/world/europe/10-arrested-in-france-over-kidnapping-and-torture-of-ledger-co-founder-and-wife-both-rescued/articleshow/117529185.cms
2) his model has been very useful but everyone who can do math knows eventually his model must fail to match reality. The fact that it has worked as well as it has from 2019 until now is a massive success.
Trust me. I’ve been around since July 2010. I’ve seen many disappear. I’d have disappeared too if I were smarter…because if I were smarter, I’d be phenomenally rich 😂
your first point is very interesting. all of these influencers are in a dangerous position being known as people who have a high stake in self-custodied bitcoin. dangerous to both themselves and their families.
Exactly.
Right now, the only ways to access security easily boil down to a scavenger hunt, with or without either a PIN code on a hardware wallet and/or a passphrase on the seed at the end.
But there has existed since the beginning of bitcoin a way to post date bitcoin transactions…and recently we can now time lock utxo’s directly for up to about a year. Combined these should be very useful primitives for time based security rather than space based security.