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Do MicroStrategy hold their own keys? Does Saylor?
3 sats \ 2 comments \ @_b_o_n_e_s_ 14 Nov 2022 bitcoin
I’ve heard people suggest they don’t hold their own keys but use a custodian
If that’s true, I think him being held up as ubersmart bitcoin visionary is backwards. All he really holds are IOUs. If he wants to be some kind of leader, lead a push for more self-custody. Use your platform to explain how it’s simple and any adult can do it. And there are options out there if need help.
Don’t support a custodian/exchange. Burn them to the ground. We need to cut out all the middle-men attacks on our money.
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5 sats \ 1 reply \ @03a4eca3b1 14 Nov 2022
they use Coinbase Custody, corporate entites can't self custody because of disclosures at least lawyer said that to me when I wanted to do it for my small business
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1 sat \ 0 replies \ @_b_o_n_e_s_ OP 14 Nov 2022
public markets are a whole other beast sure. but then why isn’t he talking about the need to change those regs, why isn’t he encouraging people who can do it to self-custody - that’s the big lesson from this past week. take the money out of the hands of these middle-men who can’t be trusted
and lawyers are another group of MITM attack - do you want self sovereign money or not?
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