trey
Trey

treysellers.com

VP, Enterprise Sales @unchainedcom

Public Key

npub1m6y9qq06c74trgs60ya320pgmhz6099grra5lw04akyuxvcz7lvq9ue2p9

NIP-05 Address

tshodl@nostrplebs.com

NIP-57 Address

rustelephant1@primal.net

Profile Code

nprofile1qqsdazzsq8av02435gd8jwc48s5dm3d8jj5p3760h867mzwrxvp00kqpz4mhxue69uhkg6t5w3hjuur4vghhyetvv9usz9rhwden5te0wfjkccte9ejxzmt4wvhxjmc2v74uu

Publishing to

ditto.pub/relay

relay.damus.io

Author Public Key

npub1m6y9qq06c74trgs60ya320pgmhz6099grra5lw04akyuxvcz7lvq9ue2p9

Show more details

Last Notes

2024-11-21 15:28:52

No, I don't mean Crypto.
The texts are starting to roll in. This happens every time.
Every time bitcoin pumps, newcomers who haven’t done the work to understand the space get shiny-object syndrome, hoping to strike it rich with crypto.
The latest FIRE BTC issue just landed 👇
https://firebtc.substack.com/p/no-i-dont-mean-crypto

2024-11-07 16:46:20

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Love it, that's exactly right.

2024-11-05 18:18:51

Would you defend democracy if the democratic process votes to end democracy?

2024-10-18 14:43:05

Do you think we'll get a 50 year mortgage or will they skip straight to 100 year?
Either way I'm looking forward to it.

2024-10-16 15:04:39

There has never been a better time than right now to start adding bitcoin into your FIRE plan.
I believe we are on the cusp of a multi-year, explosive bull market that has the potential to drastically shorten your time to financial independence.
Learn and take advantage!

2024-10-09 13:07:01

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Thank you sir!

2024-10-04 14:14:13

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"augural" 🤣
I meant "inaugural" 🤷‍♂️

2024-10-04 14:12:32

Bitcoin had just finished a 2-year 100x run on Jan 2, 2018, when Mr. Money Mustache wrote "Why Bitcoin is Stupid."
He was right. 😱
Find out more in the augural issue of my newsletter: FIRE BTC
https://open.substack.com/pub/firebtc/p/why-bitcoin-is-stupid?r=1nyxl&utm_medium=ios

2024-10-03 17:43:36

"I consider myself 'experienced' with wallets, cold storage etc. but having concierge service with someone trully knowledgeable like Paul made all the difference in the world between a good and a GREAT Experience. Thanks Paul!"
-- another satisfied Concierge Onboarding client!
There's no substitute for holding the keys to your bitcoin. Make sure you do it right with either Concierge Onboarding or Unchained Signature.
unchained.com/concierge
unchained.com/signature

2024-10-02 10:56:57

GM ☕
My echo chamber says JD Vance was the victor last night.
What is your echo chamber saying?

2024-09-27 16:18:07

If we pump it, they will come.
https://m.primal.net/LDmA.jpg

2024-09-18 17:20:37

2y yields higher this morning ahead of the Fed rate decision. Does that mean the market is anticipating 25 bps instead of 50 bps? 🧐🤔

2024-09-16 14:12:39

I hope Trump isn't using a brain wallet for his bitcoin.

2024-09-08 13:44:50

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Thanks, i'm starting to figure out how things are connected. I didn't realize the lightning address is a kind of "global" nostr variable. But only for receiving zaps. Otherwise, the client has local variables to determine where zaps are sent from. Making more sense now

2024-09-07 20:06:55

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Yes, but this is related to changing the Primal wallet lightning address

2024-09-07 15:27:17

I've been using @npub12vk…pugg for my primary nostr client. I'm trying to update my Primal lightning address and getting this error. What am I doing wrong?
https://m.primal.net/KiKf.jpg
https://m.primal.net/KiKg.jpg

2024-09-06 11:12:04

https://m.primal.net/KghR.png I reached financial independence for 1 day...just a little more patience required.

2024-09-06 00:43:53

👀
#note1r32…mzm5

2024-09-02 16:12:10

But what can you actually use bitcoin for?
https://m.primal.net/Kajp.jpg

2024-09-02 15:00:13

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Yes, I'm planning a coup to leave you alone.

2024-09-02 14:49:23

My crazy politics are that everyone should be held to the same standards on theft and murder.

2024-09-01 15:38:41

Bitcoin is the pin.
https://m.primal.net/KYxC.jpg

2024-09-01 12:28:09

The Smokies, but smokier
#note16ue…38ae
https://m.primal.net/KYjt.jpg

2024-08-31 14:44:29

The Smokies
https://m.primal.net/KXMi.jpg

2024-08-29 11:11:18

GM ☕
Don't take the black pill.
Be optimistic and work to build the world you want.
🫡

2024-08-28 02:22:54

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The texts are starting to come in.
"Why is the price not going up with all these ETF inflows?!"
*sigh*

2024-08-28 00:26:26

This range is starting to frustrate folks.
Which means we're close to the end methinks.
https://m.primal.net/KQnW.jpg

2024-08-28 00:02:40

I've noticed a lot more noobs use the phrase "bitcoin and crypto" when asking me questions.
They are unknowingly drawing this important distinction, which didn't use to happen.
Signal.

2024-08-27 23:52:29

I read Atomic Habits and now I write at least one sentence a day.
Little by little lol

2024-08-10 19:47:41

Lol sometimes I really miss the bear market
https://m.primal.net/JvII.jpg

2024-07-04 12:02:36

A reminder from Rovinj, Croatia.
https://m.primal.net/JHqB.jpg

2024-06-06 17:19:48

Bitcoin passphrase vs. multisig: Which is right for you?
Two approaches people often consider to gain additional bitcoin security are a passphrase (a one-word secret) and multisig (secures your bitcoin with multiple keys). Let’s see how these two approaches compare. 👇
Singlesig + passphrase
By adding a passphrase to your singlesig wallet, you add a 13th or 25th word of your choosing to your seed phrase, which generates a wholly separate and unique wallet from the default wallet generated without a passphrase. You can create an infinite number of passphrase wallets associated with a single seed phrase backup and hardware wallet.
A passphrase adds some protection in that it distributes your risk across three critical items (your device, seed phrase backup, and your passphrase), but it still has a major single point of failure. If your passphrase is ever lost or forgotten, your bitcoin are gone forever because you no longer have the key to the bitcoin wallet.
Multisig
Multisig is a bitcoin custody model where you construct a wallet using multiple bitcoin keys instead of just one. Multisig is very flexible, allowing wallet developers and even users to set the total number of keys used to construct the wallet (n) and the number of those keys required to spend (m). This creates what’s called an m-of-n quorum. There are practically infinite ways to approach multisig, but the most popular approaches are 2-of-3 (three keys total, with any two keys required to spend) and 3-of-5 (five keys total, with any three needed to spend).
Comparing passphrase with multisig: 7 points to consider
1⃣ Convenience - SS + passphrase is more convenient than DIY multisig but similar to collaborative custody multisig
2⃣ Ease of backup - It’s easier to back up a single hardware wallet, a seed phrase, and a passphrase than back up all the keys and seed phrases necessary to properly store your bitcoin in a standard multisig wallet.
3⃣ Availability - To understand the differences between passphrase and multisig for availability of access, you have to consider multiple possible scenarios: singlesig with and without properly secured passphrases, standard multisig, and collaborative custody multisig. Each of these has different availability of access profiles.
4⃣ Transaction costs - Mining fees in periods of low demand for block space are very cheap, leaving this category often irrelevant. However, it remains true that multisig transactions are more expensive than singlesig transactions. Using a passphrase with singlesig doesn’t add anything additional to the mining fee above standard singlesig; the mining fees are directly correlated with the number of keys involved in the transaction.
5⃣ Fault tolerance - Multisig shines against singlesig with a passphrase and singlesig in general when it comes to fault tolerance. That’s because the nature of multisig (and, again, proper key storage and seed phrase backups!) makes it very difficult to lose enough keys (and the necessary wallet configuration information) to lose access to your funds.
6⃣ Resisting attacks - Altogether, multisig has the slight upper hand for attack resistance. In 2-of-3, an attacker would have to physically compromise at least two physical locations without your knowledge and have specific knowledge that the discovered keys are used in multisig and compromise your multisig configuration information.
7⃣ Financial services - Collaborative custody multisig opens the door to financial services done in a trust-minimized way, such as collateralized loans (where three parties can share custody of funds so that all parties have transparency as to the state of the funds on the blockchain). It also uniquely solves for the problem of bitcoin inheritance.
Can you add a passphrase to multisig?
Yes, you can add passphrases to one or more of the keys used in your multisig m-of-n scheme. But should you? Most bitcoin users set up multisig wallets without passphrases because multisig already eliminates a given hardware wallet or seed phrase as a single point of failure. Adding passphrases can add unnecessary complexity, and unnecessary complexity diminishes security rather than improves it.
=====================
Every decision you make regarding bitcoin custody involves trade-offs. Perhaps multisig helps you sleep better at night, but you might have to drive several hours to get to that second key if you want to benefit from geographically-distributed keys. Or maybe you have to wait for your collaborative custody partner to verify your identity to sign with their key.
Choosing between singlesig (with or without a passphrase) and multisig isn’t an A or B choice; the answer for you might even be both! Maybe you want to secure the more significant portion of your net worth in a multisig collaborative context for peace of mind while keeping smaller amounts for easy access available in a software wallet on your phone.
It’s all about looking at your situation and finding a balance of trade-offs that work best for you and your family or organization.
Check out the full post on the Unchained blog 👇
https://unchained.com/blog/bitcoin-singlesig-passphrase-vs-multisig/ https://image.nostr.build/cf2db3453f0a0fad5412a0c19038cffa84d9bc40ff145c4de682818a738843ef.jpg

2024-06-04 13:31:13

https://m.primal.net/IYUk.jpg

2024-06-04 13:05:25

6 reasons to own bitcoin in retirement 👇
1⃣ Bitcoin helps broaden your asset allocation base - Diversified asset allocation remains a well-conceived strategy for moderating risk. While still in its relative infancy, bitcoin represents an entirely new asset class. Because of this, owning at least some bitcoin, especially due to its distinct properties when compared to other “cryptocurrencies,” provides an opportunity to broaden your asset base and more effectively distribute your overall risk.
2⃣ Bitcoin offers a hedge against inflation and currency debasement - In contrast to fiat currencies, no one can increase the supply and arbitrarily reduce bitcoin’s value. This fact makes bitcoin uniquely scarce among global monetary assets. Ultimately, this scarcity, along with bitcoin’s other monetary properties, should safeguard its purchasing power. As such, owning bitcoin during retirement offers you a hedge against inflation.
3⃣ Bitcoin offers an opportunity for asymmetric returns - Its supply is fixed (there will only ever be 21,000,000 bitcoin), and demand for the asset is growing steadily. As this limited supply collides with increased store-of-value adoption from individuals, institutions, and governments, bitcoin has the potential to dwarf the returns of nearly every competing asset class.
4⃣ Bitcoin offers protection from the risk of long-term bonds - Bitcoin exists in a separate asset class from bonds; it is a bearer instrument that is not exposed to the same money market risks, such as higher interest rates that suppress the value of bonds.
5⃣ Bitcoin offers a potential solution for long-term healthcare risk - Bitcoin’s usefulness as an inflation hedge and its potential for long-term price appreciation make it interesting as an explicitly-dedicated-hedge for this rapidly increasing expense in retirement.
6⃣ Bitcoin offers you individual sovereignty - If you hold bitcoin securely in a wallet you control, no central bank can steal the value of your bitcoin by printing it into oblivion. No CEO can dilute its value by issuing more of its “shares.” Nor can a bank arbitrarily block access to or confiscate your funds. Unlike centralized financial custodians, which can be ordered to freeze or withhold funds on the whims of government or other third-party authorities, bitcoin with keys properly held is resistant to these kinds of overreach.
Check out the full article on the Unchained blog 👇
https://unchained.com/blog/six-reasons-bitcoin-retirement/

2024-06-03 13:24:25

FIRE + bitcoin simplified strategy:
🔸Track your expenses and spend intentionally
🔸Use the 4% rule to get a conservative estimate of dollar-denominated bitcoin savings
🔸Set up automated DCA for at least 10% of your net income
🔸Sweep excess dollars to bitcoin when possible

2024-06-03 11:51:08

WE ARE JUST GETTING STARTED.
Marquette University professor emeritus David Krause describes the Wisconsin pension system's $100 million purchase into a Bitcoin ETF and why the small purchase matters.
https://m.primal.net/IXJb.mov

2024-06-01 14:20:01

Just got beat twice in a row playing Mancala with a 6 year old AMA

2024-06-01 00:06:02

Gettin' after it tonight!
https://m.primal.net/IUXE.jpg
https://m.primal.net/IUXF.jpg

2024-05-31 21:03:00

Stocks are trading at the same gold value as 1970.
https://m.primal.net/IUOj.jpg

2024-05-31 20:33:58

"The fact that politicians can just print money is the reason we're addicted to wars."
🎯🎯🎯
FIX THE MONEY, FIX THE WARS
https://m.primal.net/IUNU.mov

2024-05-31 12:51:19

Within 10 years, every major energy producer will have bitcoin mining integrated into their operations.
https://m.primal.net/ITrd.mov

2024-05-11 18:12:32

Chick Fil A automated delivery cart in my neighborhood.
The future is now 🐔
https://m.primal.net/IFjg.mov

2024-04-12 15:56:11

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Tragic

2024-04-12 11:35:27

Property taxes are so insidious.
Other people print money, causing the nominal value of your house to increase.
Property taxes are assessed on the current value of your home, so as the property value rises, so does your tax bill.
But that extra home value is not liquid and therefore not accessible to pay the increased tax burden.
If the property tax rises too much, some people may need to take on debt or even sell the property to pay it.
This should not stand in any civilized society.
https://m.primal.net/HuFk.jpg

2024-04-10 22:50:48

If bitcoin isn't your hurdle rate, you're doing it wrong.

2024-04-10 12:18:01

"Gold is used in jewelry and electronics, so it has intrinsic value."
This is a terrible argument for gold as competition for bitcoin.
Firstly, value is subjective and intrinsic value doesn't exist.
Secondly, using gold for non-monetary uses devalues it as a money.
Money is not meant to be consumed. Its purpose is to store value and exchange it for consumables or investments in the future.

2024-04-09 23:45:10

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Just now seeing this, thanks guys, glad you like it.
Damn, I gotta be better about engaging on the nostr side, my bad

2023-12-03 19:39:14

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The test flight version of Damus I'm running does not have zaps on notes, but zapplepay is a great second option

2023-11-30 02:22:36

It worked! Thanks @npub1rxy…hnp8 #note1sue…3ymm

2023-11-30 02:19:08

https://m.primal.net/HRfn.png
Oh boy oh boy....testing in 3, 2, 1...

2023-11-29 20:55:20

To all the FIRE proponents and practitioners out there, buying a total stock market index is not investing.
It’s saving! https://video.nostr.build/68a1dff9543fc74a2bf54259ddf2f24649f316aa8fbe85ffccdde74fccd24cb7.mp4

2023-11-21 21:03:40

Nostr-verse I need some help! I've tried zapping a few posts using Primal. The post lights up orange with an updated zap count but the sats aren't leaving my wallet. I have Alby connected. What else can I troubleshoot?

2023-10-12 00:02:47

IRS says Microsoft owes over 1 million BTC worth of back taxes, enough to cover a full 18 hours worth of new Treasury debt issuance. https://image.nostr.build/55440279b759fbbc68a83025196009870bfa951c2bcb3a395975459b70404fa6.jpg

2023-09-29 16:15:38

In case you've been stalling on getting bitcoin into a retirement account, this should help.
https://x.com/unchainedcom/status/1707771681161302062?s=46&t=NhTpMz9GUSmLDKahAny3BQ

2023-09-29 10:59:10

The curve is steepening quickly. Un-inversion coming soon? https://image.nostr.build/e11971ec9bf2ded1ebdd6d105758a906266c64081afc67379e168fec3bbe3c37.png

2023-09-21 17:10:13

Bitcoin's security budget is $170 at the moment. https://image.nostr.build/640c182475bddcdb9a9767eb2712139d6a158016831b4cdb719d2af0cbcce294.jpg

2023-09-20 18:08:06

You can opt out of caring about 12 old men deciding on the price of overnight bank money.

2023-09-20 17:22:04

The bitcoin paradox:
Bitcoin is a hedge for both inflation and deflation.
🤔

2023-09-18 17:29:09

Busting out the retro Unchained coozie for a day at the beach https://image.nostr.build/116d3ae96580875ce62e8e7a2ce03d634422ac73eb6be3d24255997e802f62a0.jpg

2023-09-15 13:02:32

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No. Used to but after I realized that the anonymity set continually decreases over time I decided to stop.
Better to coinjoin before spending or use other tools. Lightning is better for privacy and ecash will have a role in the future too IMO.

2023-09-15 12:27:20

Stacking sats into cold storage is the number one thing you can do for bitcoin adoption and it's not even close.
Number Go Up FTW

2023-09-11 21:24:42

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Jeep tour. Don't know if I could handle that hike!
So beautiful up there tho

2023-09-11 20:22:53

Riding high in Telluride 👀 https://image.nostr.build/195a8897c57c8e9bc8519e09fe9b0e530ff7c997fe8a9db206440d5e57f31e12.jpg

2023-08-24 16:58:02

Sitting on this plane, thinking back to the times I would eat the snacks in tiny bites as slowly as possible to maximize the time I could keep my mask pulled down below my chin.

2023-07-30 13:54:32

Embarrassing failure of an orange-pilling last night.
I was at a neighborhood party and a neighbor asked me about bitcoin. We talked for a bit and he asked me how to get some. I said I'll send you some right now and you can send me cash via zelle.
I tell him to download Phoenix wallet. So far so good. I fired up Strike, loaded up $100 and tried to send. Failure #1: the $100 apparently needs to clear before I can send it anywhere. First time that's happened to me and I use Strike somewhat regularly.
Ok, no problem, I'll just send it from my node. So I fire up @npub1xnf…lpr5 , scan the QR, and hit send, and it spins.....and spins......and spins......and spins......and then times out.
No indication of why it couldn't complete before timeout. I have plenty of overall outbound capacity, and no trouble connecting to the node. I guess my set of channels aren't well enough connected or the outbound capacity isn't in the right channels. Failure #2.
So at this point I'm really starting to look like an asshole.
Final attempt, I guess I'll try sending on chain from my node. So I ask him to switch to an on chain address and send the sats...success! Well, only on my side.
Phoenix gave him no notification of receipt and the balance didn't show up in his wallet until after it was confirmed. Failure #3.
Needless to say, this guy is probably not too impressed.

2023-07-25 11:47:57

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Has Gensler made any comments on this?

2023-07-04 15:27:56

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Regretfully no 😞

2023-07-04 15:24:38

Zero bitcoin adoption in Porto. Not even a single sticker on a lamp post.

2023-07-04 11:08:24

The Coinbase rug is going to be epic.

2023-07-02 11:39:40

If Gensler resigned, would bitcoin pump or dump? 🤔 #note1hs0…9ngd

2023-07-01 19:21:45

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I honestly didn't think it would get this bad.

2023-05-16 13:14:13

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Just tried it out. The zap icon lit up but it doesn't look like sats left my wallet...you didn't get a zap from me did you?

2023-04-17 20:38:37

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It's just really freaking cool to be able to send someone a fraction of a penny instantly when they produce content I like.
Participate or not, nobody cares.
That said, I don't see how anyone could think that's *not* really freaking cool.
To each his own I guess.

2023-04-17 19:27:56

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You also don't need to know much about bitcoin to benefit from using it. Download a wallet, get zapped, zap others. It's pretty simple. What's the argument for not taking advantage of it?

2023-04-17 00:14:37

Shot 84 today. My game is all over the place:
2 birdies
6 pars
2 double bogeys
1 triple bogey
71% fairways
28% greens
2 3-putts
https://nostr.build/i/nostr.build_f85a5430cbdf32c319aa6a035073f4a32ea63e75543e7a4e054daae2fda7cd71.png

2023-04-05 15:11:02

What's the number 1 thing Unchained doesn't do yet that you'd like to see?

2023-03-31 21:38:00

Check out my convo with Josh Friedeman on Business Bitcoinization talking about how and why every business should have a bitcoin strategy.
https://overcast.fm/+4o25agFuc

2023-03-24 16:33:21

This is the most important chart in finance at the moment.
Banks need to raise deposit rates to prevent outflows, but that hurts profitability at a time when their invested assets have been crushed by rates rising in the market.
https://nostr.build/i/nostr.build_933426cb40605fd06ad65b2d5a4a26440256c466f1ed0abfc506f594fa269339.jpg

2023-03-19 14:44:57

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Boom, just zapped her 2100 ⚡
How did you approach it with her?

2023-03-18 20:18:31

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Yeah I'm using LNbits but the problem is that your wallet can't communicate with my node to fetch an invoice

2023-03-18 20:02:35

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I'd like to receive zaps directly to my lightning node, which IS always online. Can't figure out how to get LNURL to work with it tho. There must be a way.

2023-03-18 19:47:56

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What makes it tricky?

2023-03-18 18:49:34

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What about receiving? I imagine not otherwise a lot of people would use it in their nostr profile

2023-03-18 16:08:04

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Does it support LNURL?

2023-03-18 14:23:11

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Blue stopped supporting custodial lightning. As others have said, the easiest way to activate zaps is wallet of Satoshi. Unfortunately, that's also custodial

2023-03-16 18:07:15

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But my point is: you can argue we've moved from fractionally reserved to fully reserved

2023-03-16 17:00:44

I asked this question on my panel last night: if the federal government is now explicitly backstopping all deposits, do we no longer have a fractionally reserved system anymore? 🤔
What are your thoughts?

2023-03-04 23:06:36

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Luckily this one was only an hour drive

2023-03-04 22:52:27

Well I'm at that stage of life where I spend 6 hours on a Saturday at a cheer competition to watch my daughter perform for two and a half minutes 🤌

2023-03-03 21:18:49

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I've got the latest test flight version 🤷‍♂️

2023-03-03 18:20:34

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Thanks. Problem is that Damus is not showing the ⚡ icon on this other Amethyst user's profile or notes. He has it enabled

2023-03-03 14:44:03

Is there a known issue with Damus users zapping Amethyst users?

2023-03-03 12:43:33

I'll be in Naples + Ft Myers next week for a couple bitcoin meetups. Anyone out there in the area?

2023-02-22 14:26:23

Can someone zap me to show a buddy how it works?

2023-02-18 18:21:38

I once heard about a service that provides esim cards for international travel where you can pay with bitcoin. Anyone know about this who could help?

2023-02-18 12:29:22

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I think the literal translation is "fuck you, Elon"

2023-02-15 12:27:02

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Oof that's not good

2023-02-15 12:09:28

GM 🤙
What ever happened to Europe freezing this winter bc of an energy crisis?

2023-02-14 13:06:51

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Elon such a little bitch

2023-02-13 15:20:48

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Man I just installed Alby and then got nervous about pasting my private key. What to do? 🤷‍♂️