Orange-pilling progress report ✅

Team meeting today. My employer tells the whole company that cash funds were transferred out of you-know-which-bank, just in time. Everyone will get paychecks. Lucky.

Pulled him aside, asked if he knew anything about Bitcoin, and what he thought about it. He was interested and skeptical. (Note, very smart guy, tech background). Volatility and regulation were his main concerns.

I mentioned how volatility is an inherent quality of a young asset class, but that over the long term there are unique factors that give it a different kind of stability: 21M cap, blocks and halvings, difficulty adjustment.

Then I mentioned the unconfiscatsbility of Bitcoin, and said “if you want to diversify into multiple banks, sure makes sense, but maybe think about Bitcoin as a safer place to hold cash).

I expected major raised eyebrows at best, but he took it seriously. I’m optimistic 🤙

Oh, and my colleague who was in the same room asked me later “so how do you buy Bitcoin?”

Sent her 10K sats on #[0]​ and recommended a couple of bitcoin-only buying platforms, and then said “let’s talk soon about self custody”.

Let’s go 🧡💜🧡

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Discussion

nice work. glad you still got paid

Very relieved…. Bit of a stressful weekend 😳

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Great work! Thank you for your service! 🫡

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LFG!!!!!!

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This is the way.

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LFG🔥🔥🔥🔥🔥🔥🌻🫂💫

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Mantap bossku!

Well done, and well worth a ⚡️

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This is so dope to hear 🤙🏾

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Zappid!

⚡️🍷⚡️

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Nicely done 🙌🏽⚡️

Cool story!

Good work. But should’ve been anything but Wallet of Satoshi. That thing is as custodial as Coinbase 🤦🏻‍♂️

Gotta start somewhere, and WoS is an easy intro for someone brand new.

It’s not a sh*tcoin casino that sends crypto promotions every day. Doesn’t require KYC. Doesn’t even require an email unless you want to provide.

So it’s a far cry from a centralized exchange….

And next time we chat, we’ll discuss self-custody 👍

My favorite LN wallet is Breez. It does everything except for LNURL generation or Zaps. But we really can’t let just having ‘fun’ get in front and in the way of real Bitcoin adoption. Self-custodial LNURL/Zap will come, we shouldn’t centralize Bitcoin and risk people’s corn to get there.

Breez is great.

Truth is that most people will find Bitcoin through a centralized service. I did, and within a few months I was sending everything to cold storage.

I didn’t recommend WoS because of zaps, but because it’s an instant onboarding to Bitcoin with a noob-friendly interface, and because they work hard to make Bitcoin accessible.

Nobody here is advocating storing any significant volume of sats on WoS or any other custodial platform 😉🫡

Isn’t Breez onboarding even quicker than WoS? There’s literally no sign-up, nothing. Turn out iCloud backup and bam.

Seed phrase backup is a process that warrants sitting down and discussing it. My coworker asked me on the fly, and I wanted to nurture that impulse to learn more.

I’m not trying to back up a self custody wallet to Apple, lol

Don’t worry - we’ll move her over to proper self custody soon

Great share!