I managed to avoid getting caught in the Mt. Gox debacle by pure luck. I stuck with Kraken and Coinbase mostly during the 2016-2018 era but still wasn’t hardcore on self-custody.
By 2020 I was convinced that we’d arrived and putting some bitcoin on Voyager to earn interest was safe. I read a piece by Jameson Lopp (npub17u5…t4tp) that convinced me I was wrong so I pulled my bitcoin back to cold storage and after seeing how easy it was I went and got it all off exchanges. Voyager collapsed a few weeks later. I ran into Jameson Lopp (npub17u5…t4tp) In El Salvador and got to thank him in person. Saved me about a half million in today’s prices.
Bull markets make us dumb and the side effect is exchanges blow up and plebs get ruined. Self-custody is easier than ever. If you don’t self-custody, please start. If you do, find someone who doesn’t and teach them.
mulecolt / Mulecolt
npub109…kp0tx
2024-11-10 21:28:46
Author Public Key
npub10997w3qsyvsvtdrmmzys0wvy9aumz6u29jpdkzdq95h6xpf0h69s2kp0txPublished at
2024-11-10 21:28:46Event JSON
{
"id": "aacee332a50ce251e7d4cc5c60df2f03e2a20c4ec64f4fcd53fe20f5a95be7dd",
"pubkey": "794be744102320c5b47bd88907b9842f79b16b8a2c82db09a02d2fa3052fbe8b",
"created_at": 1731274126,
"kind": 1,
"tags": [
[
"p",
"f728d9e6e7048358e70930f5ca64b097770d989ccd86854fe618eda9c8a38106",
"",
"mention"
],
[
"p",
"f728d9e6e7048358e70930f5ca64b097770d989ccd86854fe618eda9c8a38106",
"",
"mention"
]
],
"content": "I managed to avoid getting caught in the Mt. Gox debacle by pure luck. I stuck with Kraken and Coinbase mostly during the 2016-2018 era but still wasn’t hardcore on self-custody. \n\nBy 2020 I was convinced that we’d arrived and putting some bitcoin on Voyager to earn interest was safe. I read a piece by nostr:npub17u5dneh8qjp43ecfxr6u5e9sjamsmxyuekrg2nlxrrk6nj9rsyrqywt4tp that convinced me I was wrong so I pulled my bitcoin back to cold storage and after seeing how easy it was I went and got it all off exchanges. Voyager collapsed a few weeks later. I ran into nostr:npub17u5dneh8qjp43ecfxr6u5e9sjamsmxyuekrg2nlxrrk6nj9rsyrqywt4tp In El Salvador and got to thank him in person. Saved me about a half million in today’s prices. \n\nBull markets make us dumb and the side effect is exchanges blow up and plebs get ruined. Self-custody is easier than ever. If you don’t self-custody, please start. If you do, find someone who doesn’t and teach them.",
"sig": "054e714373c71cf2240eac9b633cc99fcf491340d40194817818cf55e110869792f955b01531a81adc822da2829e4c7d92ec2048453eb9de3bd74263b8b12bb0"
}