Can you clarify, rephrase the last few sentences?
No I hear that. We all have those regrets on this journey for sure. Still..nothing wrong with lead…I got alotta of both.
I feel Iike on this side of BTC enlightenment it’s easy to see the end game and be a bit blinded to the steps in between. I don’t even think the bolshevik banking cartel’s gloves have come off yet. If history repeats itself they’re gonna eventually turn up try heat in spectacular fashion. What when and how is what I’m interested in beating up. It’s not only strategic to discuss solutions or ourselves but because the majority own less than 1BTC and will capitulate under such economic pressure.
Immediately I see regulatory pressure coming down on qualified accounts (IRA, SoloK, etc) where trustees can’t hold keys (same as gold) and they’ll force em to push it into a custodian. Whether that’s a safe deposit box or exchange or something else is TBD. This makes me wonder if it doesn’t make sense to park the qualified account stack and/or have a side pot with a trusted custodian that has critical mass who can get ahead of the storm and is aligned in worldview. Think of it as a VC investment. I thought that might be OnRamp or nostr:npub1cn4t4cd78nm900qc2hhqte5aa8c9njm6qkfzw95tszufwcwtcnsq7g3vle but both have been oddly dismissive on these topics despite what they say publicly. That’s a bad look.
Discussion
I had an intro to those guys. Expressed my concerns, albeit imperfectly and with the caveat that if I was barking up the wrong tree, off base in my assessment, or not big enough to waste time on they could just tell me to hose off. Jack ghosted...probably too busy. OnRamp CEO dude was a talk at you not with you kind of a guy and dismissed the concerns saying quippy B.s. like "complexity is the enemy of security" and thinking through these attack vectors is "just mental masturbation".... despite spending 20min gaming out multi-jurisidictional optionality on nostr:npub1guh5grefa7vkay4ps6udxg8lrqxg2kgr3qh9n4gduxut64nfxq0q9y6hjy 's TFTC OnRamp Product announcement. Maybe he thought I was a spook. I dunno. Or its learned hustler behavior from a Google and WeWork pedigree and having not focused anywhere for more than 2-3 years. Is what it is but gave me enough to know that isn't someone I can work with for the long haul or recommend to my bitcoiner brain trust...let alone custody the BTC in my qualified account. If we're backed into a regulatory corner and have to pick the best in class custodian for our BTC, which will obviously come with fees, we're in a sense making an investment in that organization. At minimum they better be able to constructively listen and not be condescending. As a young man I experienced many times that 'Pride Comes Before a Fall'. I fear that a lot of these young dudes may be blinded a bit by their own intellect while grievously underestimating how ugly this monetary battle is going to actually get before BTC wins. I'm also finding that there is often a lot more book smarts in these circles than street smarts, as well as ultra wealthy bitcoiners who are out of touch with the majority because "they'll just move to El Salvador". As bitcoiners we ought to have humble confidence and patience with those who may not be privvy to the same level of info/insight or as far along in the journey or simply disagree. It might even be possible that folks from different disciplines and experience actually have insight that very smart dudes in their 20s or 30s cant yet perceive. With our collective brain power I still believe there are ways to get ahead of some of these seemingly inevitable attack vectors without being faced with having our BTC locked up for an indefinite period of time, as Luke Gromen discussed on nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak 's podcast OR worse...be faced with having to leave the country.
Lots to unpack here. Great thoughts to ponder. As a micro business, we have gotten so busy that we cannot respond to a number of legitimate requests, replies, etc, so I can give most of the above-mentioned a pass, as well as any of the grinders with a lot on the line, not famous/popular etc. Pride goeth before a fall is also very real to me as well. nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx has game without all the baggage of a particular theological bone to gnaw. We are all simply walking each other home. Some abandon the imperative, some embrace it, and some abuse it. It’s up to us to respond in kind, kindly.
Forgive me if this is all over the place. Many swirling thoughts!