The credit down grade of the US seems to have escaped the scrutiny of most, however this is a pretty big deal. If the US were a corporation, people would be dumping the stock. The US has to borrow now just to pay the interest on the debt. And by borrow we all know this means print money. Imagine if Target had told their creditors they would pay them in Target Bucks. The creditors would never accept. This downgrade is a signal of a massive debt spiral. Get your money into the hardest asset on earth #bitcoin!
Discussion
If I put money to WoS it's call self Custody?
WoS is a non-custodial wallet, which is different from a custodial wallet such as cash app or strike. So in a way this would be self custody. This is good for smaller amounts of bitcoin. For instance I keep around 1 million satoshis on my non custodial wallet and then when I get over that amount I move it to a cold storage wallet (cold card, jade, ledger). These are both self custody because only you have the keys to these wallets, where as with cash app or strike they are holding the bitcoin for you. This dude has fantastic tutorials. I know it is daunting at first, but just start by moving your sats to a WoS and go from there. This is how self custody starts. Please feel free to DM if you have any questions!
I'm a failing business and the only way I can pay my creditors back is with gift cards for my failing business, which is failing because nobody wants my goods.
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