132 sats \ 2 replies \ @knorozov 7 Nov 2023 \ on: Some thoughts on the game theory that results from btc wealth bitcoin
Some tips.
- Never EVER say how much bitcoin you have. To absolutely no-one. Be prepared for people around you asking it. If nobody knows how much you have, it becomes difficult to steal it.
- Relocate to a non-western country.
- Don't flash wealth, be humble. Keep bargaining and be aware of prices and talk about it with people around you. It repels criminals.
- If you are a possible target: carry a paper explanation of how your bitcoins are stored in multisig in different countries, with time-locks and all. Hand it over to kidnappers or thiefs.
- If you have kids, time locks are probably the best solution, but this is a vulnerability. I would be nervous about it if I were a famous bitcoiner.
That's why I feel uneasy about orange-pilling my friends. It exposes me as an early adopter.
And the more I emphasize the importance of self-custody, good opsec etc. or show maxi traits, the more it exposes me as someone who potentially owns a lot of BTC (which I don't).
I imagine business owners may feel similar about accepting bitcoin payments.
This may slow down adoption.
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Regarding "Never EVER say how much bitcoin you have" - it's crazy how people will ask you how much bitcoin you have. These are people who would never dream of asking how much money you have.
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