I wanted to get away from Chase and Wells Fargo...even though they'd be the last to be impacted by this, I didn't like their policies, predatory fees for which they were being fined, etc.
So I moved to credit unions that shouldn't be far out on the risk curve.
And, of course, self-custodied #bitcoin - other than an IRA that I'm not *allowed* to self-custody thanks to the precedent set by the McNulty case w/gold??
That’s right! Thats what’s coming down next for sure. They’re going to cock block us on custody rules for qualified account holdings. IRS will provide guidance next year and it for sure won’t favor the trustee holding keys. The goal is to push everyone to their Bolshevik banking cartel custodians. I tried to talk to the OnRamp guys, but I think that’s a dead end. I like Jesse and nostr:npub1guh5grefa7vkay4ps6udxg8lrqxg2kgr3qh9n4gduxut64nfxq0q9y6hjy and nostr:npub1pyp9fqq60689ppds9ec3vghsm7s6s4grfya0y342g2hs3a0y6t0segc0qq but their CEO is a bit of a young dismissive know-it-all corporate shill type who hasn’t spent more than a few years anywhere. Slick tongue but my spidee senses go off. The multi-sig multi-institutional multi-jurisdictional option makes a ton of sense. We need a more mature shop/fund like nostr:npub1nvxnc8egjlhpqtzrxmav3yk8frf3p7y9wujgwrcgwep2xr77xrvsa0paqn with nostr:npub1uyz4w2w4rcphk0q5arzkutrecgscxwzajj4dkvh9mjyqjtxslm6qea8632 to fire something up. Otherwise, multi-sig across multiple safe deposit boxes both onshore and offshore? How they gonna audit that or the “device” for that matter? Its a tough paradigm shift but mine is shifting towards working with larger shop who has an aligned worldview, resources, experience, foresight to weather the storm rather than trying to hack the system or have BTC locked up for an indefinite period of time. What say you?
