Some days ago, a friend asked me if I still buying/hodling/earning sats. Yes, of course, my DCA plan with bitcoins is active and still doing it, I said.

But you're just a fanatic -he replied- that doesn't wacht how the cryptomarket is doing it, and then started to tell me the things about FTX, LUNA, CZ..blablabla, not to the point but doing a TL:DR, basically we're fucked because all these CeFi morons played casino-style with their users' money. After some minutes, I replied that I'm doing fine because I have my sats outside, not in a exchange.

He looked at me as if I'm saying something...alien. And that's a moment of reveal when I explained my status as a self-custodian hodler and not dependant of exchanges. Most people don't understand that leaving your sats in a exchange doesn't add sats to your account, they just saying to you that you own a certain amount, you really don't have a penny. Once this matter is settled, the question reamains: how in the actual world this liquidation processing is good for us? It's very simple. FTX claimed they had money and now, we know they don't, they lied, so there are fake money inside their ecosystem with fake bitcoins inside.

So, let's do the math quickly:

Angel farts = fake money Fake money = Fake bitcoin Fake bitcoin != bitcoin

So, FTX and others are paying their shitcoinery.

We need to drain all the fake money and keep only real sats. Remember, the real bitcoin is scarce and you can't print as you wish. My NFA¹ for you? Keep stacking sats, be humble with those who need your help, enjoy your life and stay away from exchanges as much as you can.

Oh, oh, and of course, please tell your relatives and loved ones that keep all their sats off the exchanges.