Controversial opinion:
Prepare to lose your bitcoin.
I believe that almost everybody will eventually lose their entire stack.
Hodlers will get rekt. FIRE and early retirement, travel the world guys will get rekt. Some bug in a popular wallet, some seed generation algorithm will be reverse engineered like milk sad, or any other random way that will compromise your seed words and make you lose your sats.
Prepare for that.
Have alternative storing options, preferably on metal plate with no multisig nonsense or anything else. Just drop 1 million sats on a wallet that you've generated with randomness and leave them there.
Have cashflow to recover. Ideally from online businesses.
Have a network of bitcoiners that will be willing to help you get hired again, to trade with you, to support you.
I think we'll only start seeing more and more of this as price goes up and incentives to trick people are increasing.
The point is to put yourself in a position to get some of it back immediately, not to hoard sats.
glowleaf / George Saoulidis
npub1xnq…0gr0
2023-11-11 23:14:05
Author Public Key
npub1xnq22v5rhtx4edkyt7ds27l2qh0mya3n8h83f6d3va5qkhfk8rjqve0gr0Published at
2023-11-11 23:14:05Event JSON
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"id": "ab9b1692e5918179c1f24f6b59ba761b54c9788aa84f3ae8639a08fee8e19659",
"pubkey": "34c0a53283bacd5cb6c45f9b057bea05dfb276333dcf14e9b167680b5d3638e4",
"created_at": 1699740845,
"kind": 1,
"tags": [],
"content": "Controversial opinion:\n\nPrepare to lose your bitcoin.\n\nI believe that almost everybody will eventually lose their entire stack.\n\nHodlers will get rekt. FIRE and early retirement, travel the world guys will get rekt. Some bug in a popular wallet, some seed generation algorithm will be reverse engineered like milk sad, or any other random way that will compromise your seed words and make you lose your sats.\n\nPrepare for that.\n\nHave alternative storing options, preferably on metal plate with no multisig nonsense or anything else. Just drop 1 million sats on a wallet that you've generated with randomness and leave them there.\n\nHave cashflow to recover. Ideally from online businesses.\n\nHave a network of bitcoiners that will be willing to help you get hired again, to trade with you, to support you.\n\nI think we'll only start seeing more and more of this as price goes up and incentives to trick people are increasing.\n\nThe point is to put yourself in a position to get some of it back immediately, not to hoard sats.",
"sig": "da223a4bf1ac7dec266287c36315a28b2d62ad5c84c52bc487b0446908668e063f64bed4983ed867e36a96794392821ed127aef80043be5ddd9191974bd53b3f"
}