43 sats \ 1 reply \ @taxd OP 27 Jun 2023
I have waited for a company to lose their keys. Key management is very difficult and prone to corruption. I expect larger companies to also lose access to their Bitcoin.
Be your own bank.
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2 sats \ 0 replies \ @021da48107 27 Jun 2023
I don't see how these companies don't have large multisig wallets. They could set it up so multiple people could loose their private keys and still be able to access the bitcoin.
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36 sats \ 0 replies \ @_stacktoshi 27 Jun 2023
I'm glad Swan encourages self-custody, but what does it say about their choice to use them in the first place?
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0 sats \ 0 replies \ @_stacktoshi 27 Jun 2023
Who fucked up originally? Prime's old management, new management, or "Fireblocks"?
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0 sats \ 0 replies \ @orthwyrm 28 Jun 2023
Self-custody is obviously the way. But I'm increasingly starting to think that individuals who don't want to take self-custody are better off holding USD in a bank than BTC IOUs on an exchange.
Yes you miss out on BTC's price exposure, but given the sheer number of rugpulls we've seen is the risk-reward profile worth it?
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0 sats \ 0 replies \ @ssats 28 Jun 2023
When does the madness end ;(
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0 sats \ 0 replies \ @OriginalSize 28 Jun 2023
Fireblocks.
Poof.
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0 sats \ 0 replies \ @gmd 28 Jun 2023
Who else beyond Swan is exposed?
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0 sats \ 1 reply \ @ryu 27 Jun 2023
Not your keys, you know the rest already.
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0 sats \ 0 replies \ @Undergotten 28 Jun 2023
Nacho keys, nacho cheese.
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0 sats \ 0 replies \ @Zepasta 27 Jun 2023
How? Lmao.
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0 sats \ 0 replies \ @fred 27 Jun 2023
What they did is bad on some many level, it's just like what FTX did.
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0 sats \ 0 replies \ @orthwyrm 27 Jun 2023
deleted by author
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