I believe @CashApp manages their own keys and does not utilize a custodian like most Bitcoin exchanges.
Considering the comms going aroundâŠ@jack â can you confirm?
#[0]â#[1]
When the general public begins to view Bitcoin as akin to real estate, there will be a dramatic shift. This trend will likely unfold gradually at first, then accelerate rapidly.
Get yourself some #Bitcoin, ey?
Bitcoin a superior savings tool.. but whyâïž
Equities trust CEOs' competitiveness; treasuries trust governments not to devalue currency; gold relies on miners not overproducing; real estate trusts against excessive taxes and natural decay â #Bitcoin , however, relies on unchanging math.
Legacy assets carry a savings premium, extra value for their wealth storage. Bitcoin, free of such risks, is absorbing this premium. Got m̶i̶l̶k̶ #BTC  ?
Too often I hear: WHATâS GOING TO HAPPEN WHEN NORMAL PEOPLE REALIZE #BITCOINÂ IS VENMO ON PUBLIC???
#1 â Managing UTXOs are crucial.
#2 â Should Bitcoin transactions become more common, centralized exchanges could serve as a means to enhance privacy ⊠Here's how đ
You can move a minor quantity of Bitcoin from your UTXO into an exchange.
These exchanges employ custodial wallets, which provide a layer of privacy from the public when carrying out transactions.
Indeed, the exchange would possess the data from that specific UTXO, but this method prevents public disclosure and restricts the number of trusted parties involved in the transaction data.
*Despite the promise of privacy coins, I find it hard to envision any of them surpassing the trust that Bitcoin is likely to gain â that's something that cannot be duplicated* #BTC
đȘ #Bitcoin 
The absence of human intervention, or the inability thereof, is precisely what makes #Bitcoin so unique and desirable.
Are you off Twitter b/c of the corruption it exposed while you were a leader?
For years my brother preached sovereignty and the future-need to be able to autonomously exist in our society â heâd say things like buy farm land now, get off the grid, you canât trust the government, Bitcoin is the the futureâŠ
At the time I would argue with him on how wrong I actually thought he was ⊠I was certain I was right.
Slowly everything he has said (somehow đđ) has become true!
Well done, Daniel. && thank you for helping open my eyes! đ
The PoW mechanism requires energy and computational power to solve the problem, making it difficult for any single actor to take control of the network.
The more computational power and energy invested in the network, the more secure it becomes.
In this sense, #Bitcoin is *backed* by energy and compute b/c they are integral to its creation, security, and overall value prop.
Bitcoin is decentralized digital property that operates independently of any central authority â THIS IS WHY. #Bitcoin
#[0]â â
Would you be willing to at least address the reason for 100k purchases/week is allowed on CashApp but only 5k/week in withdrawals is enabled?
This is quite odd for a bitcoiner like yourself.
Wtf does Jack do?
He enables $100k/week in Bitcoin purchases on CashApp whilst disallowing any bitcoin withdrawals over $5,000/weekâŒïž
Literally limiting Bitcoin and itâs fundamental properties.
@Jack â ok man.. why donât you do something?
Legacy investors simply canât understand a new asset class CAN exist and in 2023 maybe technology enables it digitally đ€
#Bitcoin
Fast track increasing bitcoin withdrawals on CashApp, Jack.
This is crazy ⊠and you know it.
At least be transparent in the reasoning for the restriction.
Limits:
Bitcoin buys: $100,000/week
Bitcoin withdrawals: $5,000/week
????
You can buy $100,000 per week on CashApp but can only withdrawal $5,000 per week in Bitcoin â this is insanity. Unacceptable. Is CashApp using customer funds and thus creates this protective barrier of mass withdrawals? I.e using as collateral.
This is news ⊠fix it pls, Jack. https://damus.io/note100uk5ju32gx7z4dvys95dhc7nzj2lpxemh0ehgvqf8lwaet87feqppurhh