SELF CUSTODY BITCOIN

“When you say the institutions have blessed this chain, you're saying that their thesis and vision of what Bitcoin is, is the champion. Not only the institutions have won, the institutions are where Bitcoin derives its value. That's actually what is being said. When you say the institutions have blessed this chain, you're saying that their thesis and vision of what Bitcoin is, is the champion.”

“Bitcoin is this somewhat of a hero's journey. It is a call to adventure in this technological cyberspace world. This very powerful tool for self-sovereignty and a check on government's authority over your life. It's a global, universal story, and it's something that everyone gets different value out of. And you constantly have tests. Every day, you hold Bitcoin as a test.”

“Robin Linus basically has figured out a way using many, many quirks of how Bitcoin works to create scripts that today, without an upgrade, can actually be made in a quantum proof way. He basically figured out a way to do that hash-based signing algorithm today, even though those transactions are 10 kilobytes each and not standard in current mempools.”

“Bitcoin is this somewhat of a hero's journey. It is a call to adventure in this technological cyberspace world. This very powerful tool for self-sovereignty and a check on government's authority over your life. It's a global, universal story, and it's something that everyone gets different value out of. And you constantly have tests. Every day, you hold Bitcoin as a test.”

“And with Chaincode delegation, we wanted to take a huge step, really for Vicky, but also for the industry in terms of the that type of trade off. We wanted to be possible to get the benefits of leaning on somebody to hold a third key for you, all the recovery and safety benefits while not having the same privacy downsides. And so Chaincode delegation, uses some relatively deep cryptographic magic. Basically, to, to to to make it so that, Viki servers aren't sitting there with that output or with that descriptor of the wallet, knowing the balance, knowing the history.”

“Jonas' observation was, I'm not advocating for this, but a case could be made for a block size increase because if the whole point is making sure that the nodes are computationally robust enough to manage and verify the transactions, we now have a much easier computational load CPU cycle-wise. It'll take up more space, so that context is relevant.”

“When people are comparing Bitcoin right now to the internet, they need to compare Bitcoin as the first layer to TCPIP, which was 1969.”

“And today, [Lightning] is over 95% and it's increasing. But payments need to work all the time. It needs to be 99.999. And so you have this payment network now on top.”

“Fiat currency, like the US dollar, is a medium of exchange issued, backed and enforced by a government. No commodities like gold, natural resources or similar back fiat currencies. Rather, a government just decrees or declares that the currency is legal tender people have to use to transact in their country. And throughout history, all fiat currencies that have ever existed eventually went to zero and became worthless.”

“In this monetization upswing of Bitcoin, you have to view it as almost like a rotation of capital into new hands. Bitcoin as a network of anarchy, economic weight is a very important factor when trying to resolve disputes. If you have millions of coins being held by these institutions, I think over the coming couple of years, there is going to be another clash.”

“Yeah. And actually on that topic, one thing we realized while we were looking at this is that Viki might be uniquely suited to design for it. And the reason for that is actually one that I think is a little bit controversial, which is that Vicky doesn't use seed phrases. And the re the reason it's uniquely suited to rent or tax is because in that setting, seed phrases are a vulnerability. They're too they're too instant. They're too portable. Like, somebody can take and leave with this, and it's very hard to protect it.”

“Robin Linus basically has figured out a way using many, many quirks of how Bitcoin works to create scripts that today, without an upgrade, can actually be made in a quantum proof way. He basically figured out a way to do that hash-based signing algorithm today, even though those transactions are 10 kilobytes each and not standard in current mempools.”

“So when a seller uses fiat accepts fiat payments, there's a 3% fee taken by the networks. And on the consumer side, you typically see that, you know, maybe on a receipt, you are, like, upset about the fee that you got charged or maybe you see a sign at a merchant, you know, tacking on a fee. But the thing I like to bring this back to is that for a business that maybe on a great day makes 15% margin, and maybe on a medium day is a 10 margin and maybe has some bad days, 3%, we just talked about 20 to 30% of their profits. That 3% is computed on the ticket size, not their profits.”

“Then he did tariffs. If you understood so I was covering what tariffs would do, on Liberation Day, April 2. I said this does three things. It pushes everyone towards China and bricks is the first thing. The second thing it does is it makes American small business bankrupt because the tariff is paid by the importer, and America is an importer by definition, because it has got the world reserve currency. So it would be a tax on American small business. Once you have a tax on American small business, you have bankruptcies of small business. The banks and financial institutions do mergers and acquisitions.”

“Satoshi's coins are vulnerable, and all the Taproot coins are vulnerable, because they are the two address formats that expose the raw public key. Whenever you go to spend, you have to reveal your public key no matter what. And to your point, a long range versus short range quantum attack... most of the safer, the well-tested signing algorithms are hashes.”

“Self custody is how you boycott it, running your own node, holding it in self custody, and using jurisdictional arbitrage to own it in a structure where they can't seize it from you. If you wanna boycott the Federal Reserve and the Bank for International System, then you own Bitcoin. If you wanna boycott BlackRock and the money managers, you don't own it through an ETF. You own it in self custody. If you wanna boycott the banks, you don't mind fiat currency and give it to them to the custodians. You keep it without leveraging it and and borrowing against it.”

“Since bankers, bureaucrats and big businesses receive new money that enters the economy first before everyone else, they have massive financial advantages over us, like arbitrage opportunities to buy assets before prices rise. So by the time the money trickles down to us, assets are more expensive. And this unequal distribution of money is a key driver of injustices in our modern society. This phenomenon is known as the Canton Effect.”

“Bitcoin presents an opportunity for the first time in human history for us to truly own, control and protect our wealth. And also for the first time in human history, we have access to truly neutral financial infrastructure. Hello, I'm Crypto Casey, and now is the perfect time for us to all get curious about Bitcoin, gain knowledge about Bitcoin and spread awareness about Bitcoin.”

“The day that, when I decided to borrow against my Bitcoin, some of my Bitcoin, you know, I was it was just a small amount for me. But I put it in Celsius. And, the very day that, all of this, they suspended withdrawals. And, you know, I was one of the seventh largest creditor in the bankruptcy. I knew I shouldn't have been doing this. I knew I shouldn't have been borrowing against my Bitcoin. I knew it was against what I personally believe I should be doing, just for me. And, I lost it. And the very same day that Celsius shut down, my father passed away. The very same day.”

“When I first discovered Bitcoin, I said that I will own a bit more Bitcoin every single month, and, I don't care how much. I went from deep in debt to effectively, owning more Bitcoin every single month since $3. And I've been telling people to do that the whole way. But here's the consistent thing they did. They didn't get distracted. They didn't use leverage. They didn't trade, and they did the most simple thing, which is owe more Bitcoin this month than last month. And they kept doing it regardless of price.”

“We've been doing the key giveaways for, I think, over a year now, TFTC, and that is the number one use case the winner uses it for. They say, hey. I've got one already. I'm gonna give it to my my dad or uncle who hasn't moved it off the exchange yet. We saw people buying five, ten plus big keys and gifting them to others and and saying to that person that they've been, you know, talking about getting off the exchange with, there's finally something that you could use to do this.”

“All politicians are subordinate to this financial structure and this lobby structure. All companies need access to capital and are subordinate to their structure. And all individuals, in order to survive to be in the inflation a great, you end up either a collateralized debt obligation in debt dependency, or you become one of the the the the few that essentially gets co opted into the system because you know how to play the assets.”

“Jonas' observation was, I'm not advocating for this, but a case could be made for a block size increase because if the whole point is making sure that the nodes are computationally robust enough to manage and verify the transactions, we now have a much easier computational load CPU cycle-wise. It'll take up more space, so that context is relevant.”

“When you say the institutions have blessed this chain, you're saying that their thesis and vision of what Bitcoin is, is the champion. Not only the institutions have won, the institutions are where Bitcoin derives its value. That's actually what is being said. When you say the institutions have blessed this chain, you're saying that their thesis and vision of what Bitcoin is, is the champion.”

“Instead of having fiat currency like US dollars that represent value and paying financial services like Vinmo and JP Morgan Chase to move it around and store it, Bitcoin is both value and a means to transfer, store and manage that value. This is because Bitcoin is both digital value and it's a network that can store and transfer the bits of digital value.”

“The base layer of Bitcoin is an open, decentralized and secure protocol bounded by energy.”

“Well, I think this was the biggest point of feedback at the old BitK that I always got. There's no screen. Like, I need to be able to verify the receive address or the seven address. And I think you guys did an incredible job, answering that question of, like, when when screen, and if so, how? I mean, it takes up the the full bottom of the wallet.”

“Just look at the World Economic Forum. Right? They want us doomscrolling all day with algorithms that make us hate each other. They want us broke where, inflation is growing at faster than wages. They want women and men to hate each other. They want us to be engaging in all sorts of degeneracy. You know, they want us everything they want us to do, just do the opposite of what the World Economic Forum wants you to do. And you'll probably be gonna be in a good place, and I think you'll tap into that that that spiritual part.”

“The the thing I'd highlight here is that the set of things that can happen to people when they're self custodying their coins is unbelievably large. Like, maybe you lose your phone, you lose and you lose your hardware. But then they start to get to things like, what if I lose both? And we have a recovery contact solution for that. They get to questions like, what happens if Blocko's out of business, and is it making Viki anymore? And we have our emergency exit kit for that. The team has spent so much time looking closely at making all of those flows rebut really robust.”

“What we really want is to set up a situation where the Bitcoin just can't actually move right away. We think that velocity is one of the best possible tools that we can give people. Meaning that in some of the attacks and and in in almost all of the attacks, I think that that Jameson is is crying. They're less than twenty four hours. Their attacker showed up, and, you know, they weren't putting themselves at risk trying to hold people hostage for a week or a month. And so a lot of our focus is on how can we provide a really safe and easy to use time lock capability that would allow people to set some parameters around how fast their Bitcoin can move.”

“I believe right now we are in a shift to multipolarity. That means that, the American empire continued the work of the British empire. They continued the work of the Dutch empire. But now there is no handover aligned empire, and we have created an environment where our governments are fully captured. And once you understand the rules and who's in charge, it's easier to understand where we go next from my model.”

“And I think we see that with both the the attacks that we've seen in France and also lots of the attacks we started to see in The United States. It feels like there's an acceleration. I think pretty clear there is one and, Jameson Lopes, you know, chronicling of all of these, of course, can help help put some of the numbers behind that. We think that, you know, even if you're holding a lot of Bitcoin, most people there's a lot more important things in life that are sudden if they're suddenly threatened, like, it doesn't matter what kind of practicing you did with lying about your balance or, you know, hoping an attacker hadn't done their research beforehand.”

“Bitcoin gets adoption through disasters. Always been that way. That corrects the price, and then people run away and they start selling their Bitcoin at the bottom. And then they wait until we meet meet new all time highs until they start, you know, coming back in again. People get Bitcoin when they have to, and the story of Bitcoin, the story that makes Bitcoin different from gold is self custody. And so every time people realize you need to self custody, that's when you realize what Bitcoin does for you.”

“In this monetization upswing of Bitcoin, you have to view it as almost like a rotation of capital into new hands. Bitcoin as a network of anarchy, economic weight is a very important factor when trying to resolve disputes. If you have millions of coins being held by these institutions, I think over the coming couple of years, there is going to be another clash.”

“Property rights are a key fundamental value of Bitcoin. So we cannot, as Bitcoiners, steal someone else's coins. And that is what we're doing if we freeze those coins. I think the long-term value is actually far lower than Bitcoin as it is today. If we choose not to steal those funds, it retains all those fundamental values. I don't mind if someone wants to dump 2 million Bitcoin on the market; it’s going to suck for a while, but we'll get some cheap sats.”

“When you follow all of those, together, you then look at who funded the Trump administration. Well, in the second Trump administration, the biggest funder was Elon Musk. Then you look at his second largest backer, it was the Mellon banking dynasty. Then you look at his third largest funder, which was Mariam Adelson, who's connected to Israel. Israel is a node in the military industrial complex. And so you know there's gonna be those top three will tell you there's gonna be a push to the surveillance state. There's gonna be a massive wealth transfer vehicle, and the third one will be there'll be war, because those are the three backers.”

“Satoshi's coins are vulnerable, and all the Taproot coins are vulnerable, because they are the two address formats that expose the raw public key. Whenever you go to spend, you have to reveal your public key no matter what. And to your point, a long range versus short range quantum attack... most of the safer, the well-tested signing algorithms are hashes.”

“Property rights are a key fundamental value of Bitcoin. So we cannot, as Bitcoiners, steal someone else's coins. And that is what we're doing if we freeze those coins. I think the long-term value is actually far lower than Bitcoin as it is today. If we choose not to steal those funds, it retains all those fundamental values. I don't mind if someone wants to dump 2 million Bitcoin on the market; it’s going to suck for a while, but we'll get some cheap sats.”

“The entire traditional financial system is legalized theft that deliberately prevents most people like us from generating, accumulating and maintaining wealth. And it's all courtesy of the central banks, big corporations and governments. Bitcoin is a new revolutionary financial technology that is not controlled or owned by a person, entity or central authority.”