Bitcoin

follow up

off chain transactions? Ugh oh, what else will they do that’s contrary to the ethos of Bitcoin?

report transactions to the IRS? they say it’s a self custody wallet with no back door but who tf knows… I’m no dev

https://x.com/tylerdurden/status/1790941726544478602?s=46&t=t-dhgkECPcxDfKL3rcIkIw

just reminder to always self custody

cbBTC is an ok tool to have short term Bitcoin exposure if you’re living on the Base chain because of profits created from investments

it will NEVER be ok to keep larger BTC sums long term with a custodian

the entire point of Bitcoin is self custody

Bitcoin, /appreciation channel host, /stolenfromtwitte channel host

FID: 2211

If I had to guess I’d say that’s exactly what happens

they say “we want $100M of BTC but we don’t want the market to know. Similar how we do OTC off market transactions in real life”

and Brian takes his VR helmet off, stops having sex with his AI robot gf (lucky guy I know!), and sends $100M of BTC to an addrsss they provide or to another organization that custodies for Blackrock. 

Cause it’s a US business the transaction IS recorded somewhere. They have to comply with the law and can’t just let money disappear.

This is the answer btw from @barmstrong himself

This is the answer btw from @barmstrong himself

https://x.com/brian_armstrong/status/1835022703570702490?s=46&t=t-dhgkECPcxDfKL3rcIkIw

Is Blackrock like hey coin base give me 50 btc and coinbase is like ok here it's on this cold wallet? 

Tosses them a ledger and calls it a day?