You're talking about that same Swan that went with Prime Trust, Fortress Trust, BitGo and Equity Trust?
Back in 2015 I co-founded a Bitcoin startup. We helped businesses securely store their coin in multisig they controlled and provided tooling to get them started. Guess what? Zero sats under custody wasn't some dream back then; it was reality. From the first second.
Fundamental design errors in a space where you know the standard must be self custody can be easily avoided if you concentrate on the issue. You don't ship before you solve the #1 issue. This isn't Silicon Valley where you have to burn through fiat as quick as possible so you can even do a bigger next round of stonk printing, but this is Bitcoin, where we talk about low time preference and doing things right, not like a bunch of young dogs smelling puss.
So let's keep building, but also let's not idolize the banks too much. Good intentions or otherwise.
You're talking about that same Swan that went with Prime Trust, Fortress Trust, BitGo and Equity Trust?
Back in 2015 I co-founded a Bitcoin startup. We helped businesses securely store their coin in multisig they controlled and provided tooling to get them started. Guess what? Zero sats under custody wasn't some dream back then; it was reality. From the first second.
Fundamental design errors in a space where you know the standard must be self custody can be easily avoided if you concentrate on the issue. You don't ship before you solve the #1 issue. This isn't Silicon Valley where you have to burn through fiat as quick as possible so you can even do a bigger next round of stonk printing, but this is Bitcoin, where we talk about low time preference and doing things right, not like a bunch of young dogs smelling puss.
So let's keep building, but also let's not idolize the banks too much. Good intentions or otherwise.