Why are people angry at Swan?
Swan switched from Prime Trust to Fortress Trust.
Fortress Trust is being acquired by Ripple (not finalized yet though).
Ripple may soon we’ll be in charge of #bitcoin custody for nostr:npub1tftc33ttam85wraffce62cgtvvjrmttquqlv6a0agtfm5nl4vues82xar5
nostr:npub10uthwp4ddc9w5adfuv69m8la4enkwma07fymuetmt93htcww6wgs55xdlq has covered it well.
Discussion
I think because nostr:npub18p63njhaxftx3m8luk2h0umj8p3cmfx09kv9hqhext7gr5ea585qsc0k8k has been so vocal against “scams” and alt-coins so much that it seems hypocritical in a sense.
Especially because they are so silent about it and seeming to distract with other “big announcements” instead.
I take away from it that #bitcoin companies will be quickly separated via time preferences.
nostr:npub1xkere5pd94672h8w8r77uf4ustcazhfujkqgqzcykrdzakm4zl4qeud0en talked at the #lightningsummit about how long it took them to build their own in-house custody solution both engineering and compliance.
Those types of business won’t have to worry as much. But then I hear others say no business should try to sell and store #bitcoin because long term the goals of each will pull in opposite directions.
I think that’s a little of what’s playing out now.
They are!! And I just wanted not to be close when it went bad.. I shouldn’t even say because I don’t know exactly I don’t think anyone does.. probably one reason