skwp
yan

https://swan.com

Public Key

npub1fqn4fgzkk8nm2x3wd600n935c9tc7xgg9jhk5dfa0kuvrgvsyv7sgu536l

NIP-05 Address

yan@www.swanbitcoin.com

NIP-57 Address

browndeer4@primal.net

Profile Code

nprofile1qqsysf655pttrea4rghxa8hejc6vz4u0ryyzetm2x57hmwxp5xgzx0gt5y3hn

Author Public Key

npub1fqn4fgzkk8nm2x3wd600n935c9tc7xgg9jhk5dfa0kuvrgvsyv7sgu536l

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Last Notes

2024-05-31 01:34:00

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Stretto has published a disclosure of the incident and has apparently been reaching out to affected parties. They will not release information to us at this time about who was affected, because it is not Swan data but rather their own, as part of the Prime Trust bankruptcy. For the avoidance of doubt, Stretto is not a Swan partner, and we did not send any client data or consent to any client data sharing with this company. Their disclosure notes that the data was from four different bankruptcy cases. Disclosure: https://www.stretto.com/security-incident/

2024-05-27 13:09:52

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We are still investigating. To be clear this is alleged leak is from a law company handling the prime trust case, not from Swan, and would be limited to data that prime trust had collected from clients prior to summer 2023.

2024-05-23 03:16:49

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More than a hundred lol.

2024-05-21 02:54:45

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Thank you!

2024-05-21 02:51:32

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It’s a long term plan. The dollar isn’t collapsing tomorrow despite what people on nostr fantasize about lol. Bretton woods took a long time to play out, so did petrodollar, this is setting up the next 100 years.

2024-05-20 18:53:42

Rereading @npub1trr…hdpu 's excellent expose on the Petrodollar recently and thinking: what would it seem like, if it seemed like (h/t @npub1sfh…ymqt ) the petrodollar system was coming to an end, and the US knew it, and was embracing cryptodollars as a replacement for petrodollars, not by accident but by design.
I think it would look a lot like some of the stable coins we are seeing today, exporting our inflation out into the world through making stablecoins available in hundreds of countries where our banking system doesn't reach, and driving up a demand for US treasuries by stablecoin issuers, which pushes down US treasury yields, allows issuance of cheap debt, etc. Just like the petrodollar did.
Paul Ryan's recent comments show a clear understanding of this picture.

2024-05-18 13:42:43

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I’ll pass this along to the content team.

2024-05-17 00:45:03

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We are here. Some of us lurk more than post. It’s just a bit echo chambery in here and we are focused on bringing new people into Bitcoin. Nostriches tend to be orange pilled already.

2024-04-10 00:25:31

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I’m often here! I am just lurking because I’m too lazy to post on both platforms. Also I hardly have time to post even on the other one lol

2024-04-09 22:48:42

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Broke my nostr silence to say congrats! :)

2023-12-02 16:57:22

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Love the dedication to user experience. This is the way.

2023-11-18 16:53:26

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Thank you for the kind words!

2023-11-13 20:00:34

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Published my take here. We are fighting hard. I think this is a sign of bad things to come from govt. they have been saying it for years. They don’t like “unhosted” wallets and they want to monitor every tx. Now they are using fake news to make it real at the banking layer. https://x.com/skwp/status/1723444038932582414?s=46&t=0SvIPQLG1ahvJgMsn53NMA

2023-10-02 22:08:31

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If you know of good ones send em our way. We are hiring. https://swan.com/jobs

2023-09-26 17:28:49

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Wooo 👀

2023-09-09 19:15:21

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“Your own infrastructure” has to be extremely robust. Huge security budget, audited infrastructure, soc1/soc2, and yes state oversight. We have customers who require qualified custodianship.
most who have “built their own” do not have what it takes to secure the type of volume we do. I hope they get there. Team bitcoin will be stronger with lots of robust options. We wrote up the nuances of what it takes here https://www.swanbitcoin.com/assessing-risk-in-bitcoin-custody/
But look out for some info real soon. There’s always been a plan. We do not share plans until they are fully baked :)

2023-09-06 20:46:22

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Congrats my former swan fam. Love you guys! Do great things!

2023-08-31 03:35:39

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Maybe later 😅

2023-08-31 00:45:59

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Nostr is one of the coolest freedom tech to come around since bitcoin. Very smart people are working in the space including several former Swans. When @npub1l2v…ajft left Swan to focus on nostr I knew it was a really big deal because he’s one of the smartest and most capable people I know. But I’ll leave that to the people like him. Swan’s mission first and foremost is as a Bitcoin on-ramp. Every company and individual should focus where they can do the best work. We will not spread ourselves thin where it doesn’t make sense.

2023-08-31 00:39:34

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Focusing on orange pilling normies, who aren’t really on this platform. But will discuss.

2023-08-23 13:00:38

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You missed that we are hiring :) I saw you’re looking for a job?

2023-08-22 18:38:49

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Yep exactly why we write a whole article analyzing the different tradeoffs. Pretending that one is “obviously” better than the other is naive and the thought experiment proves it pretty well. As mentioned in the other thread, our clients are first party customers of the qualified custodian. We just have certain custodians we recommend for different use cases.

2023-08-22 18:35:49

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Exactly right. If you trust someone you trust someone. By the way our clients sign terms of service agreement directly with a qualified trust company. For them it is a first party agreement, not a third party agreement. So you either trust a bitcoin startup that they’ve done all the right things, or you trust a qualified custodian, which has much more proof of work (soc2, billions in custody, track record, legal
framework for segregation of client funds, etc).

2023-08-22 18:07:52

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CashApp is great. We tend to serve a lot of high net worth clients and also in some cases clients that require qualified custody for various reasons. Not sure you can go to coldcard with larger amounts on cashapp. I once got a big amount stuck there that took forever to take off.
Just want to point out, as a thought experiment, that if your first party is “bob’s totally trustworthy built in my garage bitcoin store” then maybe that’s not quite as good as a third party custodian with audits and so on. CashApp is trustworthy, because it’s a public company and has a large security budget. Minimizing time in custody is always a goal. If you can get what you need there quickly, that’s awesome.

2023-08-22 17:51:04

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First party or third party there is always trust. You don’t know that the “first party” custodians have your coins. You don’t know if their security model is any better than a cold card in someone’s basement. You don’t know the security budget allocated to that. A startup will not have the same level of budget allocated to security as a qualified custodian. We use a framework of qualified custody including on chain observability, state regulation, soc2 audited, etc. We assess the risks of the various models here: https://www.swanbitcoin.com/assessing-risk-in-bitcoin-custody/
Ultimately, wire in and withdraw your bitcoin within 24h. During that 24h period they are in qualified custody with all of the above in place.

2023-08-22 17:23:41

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Several new initiatives launching to boost that even further ranging to the easiest to use multisig in the industry to gamification to encourage even more self custody.

2023-08-22 17:19:39

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Curious about this line of reasoning Matt. You usually post things with good reason. We do nothing except encourage self custody and have the highest withdrawal rate of any exchange or custodian that I know of. If you know someone who can beat 64% let me know.

2023-08-07 00:13:31

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Nope expanding the team!

2023-08-06 20:17:36

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https://swan.com/jobs

2023-08-06 20:17:18

Security jobs open at swan - app sec, threat detection, TPM - senior and director level. 👀

2023-07-28 00:15:47

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Naw they have no coherent understanding of bitcoin. No proof of work!

2023-07-28 00:13:25

Are there any security people that are not shitcoiners? All I see is web3 in my job queue. What is happening in the world 🙈

2023-07-13 21:33:12

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Investigating!

2023-07-13 21:26:00

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Amazing what heavy layers of mulch and natural plant decomposition do. It was back to good soil in about a year and kept getting better

2023-07-13 21:23:57

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Now it works! https://cdn.nostr.build/i/c8175664e1ec4440a8fc51cb16487017be0a63f81c82c84c89a1e0fbfc8a6833.jpg

2023-07-13 21:23:23

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Noice

2023-07-13 21:20:08

Swan is hiring security engineers!
https://bitcoinerjobs.com/job/985839-application-security-senior-engineer-architect-swan-bitcoin

2023-07-12 01:39:19

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Aaand my pic failed to upload

2023-07-12 01:34:07

You may not like it, but this is what peak suburban garden performance looks like. This land was dead soil, mud, and mosquitos 4 years ago. Everything in the pic, we planted by hand.

2023-06-17 17:20:11

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Glad we could figure it out! Thanks for your patience !

2023-06-17 15:44:09

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Please check dm. We figured out the issue. The btc has been available for a while but your withdrawal record was inside the old account. Need you to re initiate and it will work.

2023-05-13 04:06:14

👀🚀🔜
#[1] 🙏 https://nostr.build/i/fe3dff147c5a88ae94f5be305a72942bc188f404c4112ecb212d31064c0c935e.jpg

2023-05-13 03:53:09

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Technically it’s a security token so it’s less a shitcoin and more of a stock with a shitcoin hype premium. He’s signing up for a pump and dump on his pseudo stonk.

2023-05-05 17:25:21

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https://unhosted.printify.me/

2023-05-05 17:24:33

I'm launching a clothing line! Send your regards to Christine Lagarde with these opsec friendly BIP39 seed phrases featuring bacon, slices, and zebras. Wear your unhosted wallet and start some orange pilling conversations.

2023-04-26 00:23:54

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Neither the zap nor login button worky. On safari mobile

2023-04-25 16:58:36

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Man don’t make me cry! The feeling is mutual.

2023-04-25 16:57:52

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Super excited for what you will build in this space Pablo! It was indeed a huge pleasure working with you as well. Wish you the best in this journey. This is the way. https://nostr.build/i/nostr.build_498b0f0a78f51bdfd731ddbf2e015ec88f2b6ff74808cab5ef09f2359694956e.jpg

2023-04-25 16:50:45

Anyone sending the IRS a list of all your 69 sat zaps this year? Printed? https://nostr.build/i/nostr.build_99e4c3ac405e12852be596ebdc43c524a6441974aa4544594ecb5a961db713c2.jpg

2023-04-04 14:27:21

You missed $doge pump but it’s not too late to go all in on sats.
Doge: $0.098
Sats: $0.00028
Solid solid pumpamentals/ tokenomics. Fixed supply, highly decentralized, anon founder, partnership with El Salvador

2023-03-27 19:47:23

Bitcoin is backed by math and physics. USD is backed by a government that spends infinitely and a Fed that has simplistic levers that purport to control a complex and chaotic system but instead create nth order effects nobody understands.
Choose your warrior.

2023-03-13 21:29:47

I failed to stay on nostr for march and ended up on twitter because that’s where all the bank crisis action was. I will zap the next ten replies as penance.

2023-03-04 17:23:01

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Good day sir

2023-03-04 00:40:07

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Thanks for sharing!

2023-03-03 00:05:14

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Dear Prince Zapa
Unfortunately sir I have already been contacted by another prince and have remitted the necessary documents to his eminence..

2023-03-02 20:52:19

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Zapped. I think it’s working

2023-03-02 19:49:26

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Set up your zaps!

2023-03-02 19:37:09

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Yea but you don’t have zaps on!

2023-03-02 19:27:27

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Dear Prince Zapa. Your message has been received. I am acting post haste to deliver the necessary zaps to your country in this time of need. I shall be sending you 10k zaps for your urgent use, and I hope to urgently receive one million zaps in return. Please sir, my familie.

2023-03-02 18:21:34

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I’m running the classic scam where you zap me 1k and I zap you 2k back!

2023-03-02 17:45:43

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Set up your zaps! I can’t zap you

2023-03-02 17:43:15

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Good concept

2023-03-02 17:40:44

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Say something clever in your reply. Or generate a clever reply with chatGPT. Proof of work! LFG

2023-03-02 17:39:12

Zapping 1k to anyone who replies to this thread. Let’s go.

2023-03-02 17:24:36

Running Cashu
lnbc10u1pjqpk7rsp5fcaqccd85hfcr8hejzge4w308gmrcgagehlhjm63rnr6hg90jmnspp5jvqq2a32suqnk63xe3ajgc67n7k5z7apt5ehrf2jn74umwz043sqdq4vdshx6r4ypjx2ur0wd5hgxqzjccqpjrzjq0f4w70lvyk9wjujf9xhgvqvu3n7p663qxq6dt37kaxc4k5frkp25zunqvqq85cqqqqqqqlgqqqq86qq9q9qyysgqy05a3fgcnggz58pr0klg5zy32r3pcg5xmmzxq46kke92cf48f3c56w6aw3yyku9dv9muahu5fra6whv93h9zj8qfwpc8lv2ds68hxrsq08lrnd

2023-03-02 17:22:16

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Enjoy the sats

2023-03-01 13:38:45

Help I’m stuck on Twitter and can’t get into the daily habit of opening Nostr. Is there a 12 step program or something?

2022-12-26 04:51:48

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Howdy