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2024-12-01 09:24:38

provoost on Nostr: Please keep your money either in self custody Bitcoin, as verified by your node, or ...

Please keep your money either in self custody Bitcoin, as verified by your node, or in FDIC insured banks, as verified by the FDIC.

Anything in between may come back to bite you, whether it's fintechs promoted by Youtubers*, shitcoins, stablecoins or Bitcoin custodians**.

https://youtu.be/SAFlRSftffc

* = Youtube ads and endorsements are a near universal red flag, outside of finance too, no need for the government to warn you there :-)

** = there's degrees of risk, and you have to contrast it with your own competence, but just keep in mind these are never (?) properly insured.
Author Public Key
npub1s6z7hmmx2vud66f3utxd70qem8cwtggx0jgc7gh8pqwz2k8cltuqrdwk4c