It’s harder to keep wealth than it is to get it.

Bitcoiners need to keep that in mind when thinking about taking on leverage and how they secure their keys.

I say this as someone who has been reckless before in both categories… it usually doesn’t work out well. And when it does, it’s dangerous, because it typically only reinforces the bad habit rather than getting you to that point where “I’ll just stop after this one” or “I’ll do my multisig setup next week” or “I’ll form the trust when I get done with this project.”

Protect your wealth. The people you love are depending on you whether they know it or not. 🙏🏻

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Inflation stole mine.

I couldn't learn to provide more value faster than they where devaluing the dollar.

Any articles or tutorials to start the path to doing multi-sig AND forming a trust you recommend someone to watch?

All I’ve been looking into the last week is how to structure everything but hard to find any valid resources. Especially for forming a trust.

Hmm, that’s a good question. I don’t think I have a direct video or article breakdown. I’ve mostly been building or exploring my own through trail and error or testing with o friends and family setups.

Might be worth doing a breakdown of what I’ve come up with to make it easier. Will need to finish my trust for that though. 😅

No doubt

Yes to all of this. My biggest gripe with it is that bitcoin is suppose to empower the individual to be self-sovereign. Leverage negates that.

I read an Agorist Primer, by Samuel Konklin III and thought there should be some kind of arbitration for these bitcoin loans based on multi-signature wallets, but then it hit me.

The reason why such loans need that is because people suck at using leverage.

Yeah, you could have more bitcoin if you know how to use these products wisely. You could also beat No Limit Hold Em Games if you know how to use solvers and make expected value calculations. 90% of people who play poker lose money though.

I think these loans are great for about 10% of Bitcoiners. Most will get "rekt" as they say.

It's almost as if we should just stay humble, stack sats.

It’s true guy 💪 But are you saying that without a multi sig we are at risk?

Not necessarily, just using it as an example