What's the solution for Samourai devs epecifically? They need some resultion, I'm comfy where I am.
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What's the solution for Samourai devs epecifically? They need some resultion, I'm comfy where I am.
You made some good points, but the missing point is: whatโs the better solution?
Kraken charged my father 2.9% to buy Bitcoin. The real fee? 0.3%. They hid the cheap option and hoped he wouldn't notice. My father has been buying Bitcoin for a while now. Small amounts, nothing crazy. Last week I asked him: "Did you nail the bottom? What price did you get?" He gave me exact numbersโincluding all the decimals on the BTC amount. Something didn't add up. "Wait. The math doesn't work." ๐ No typos. I had him show me his Kraken account. Here's what I found: He's been using Kraken's default instant buy feature this entire time. They charged him around 3% per transaction. Kraken Proโliterally one setting toggle awayโcharges 0.25% + minimal spread (~0.3% total). They made nearly 10x more by hiding the cheaper option. ๐ซ And he's been doing this for months. I called my non-trader friends and family who buy Bitcoin occasionally. Every single one: using the expensive "beginner" interfaces. Collectively, they've lost hundredsโmaybe thousandsโover the years. This isn't an accident. ๐ Exchanges design their interfaces this way: Default = expensive (2-3%) "Pro" = cheap (0.2-0.4%) No warning. No notification. They're counting on you not knowing there's a cheaper option one click away. ๐ Check your exchange today: Kraken: Toggle "Kraken Pro" in settings Coinbase: Switch to "Advanced Trade" Other exchanges: Look for "Pro" or "Trading" mode Usually one click away. Could save you thousands. Share this with anyone buying Bitcoin on exchanges. I'm writing โBroken Prices: The Road to Sound Moneyโ Get notified when it's out โ soundmoneyroad.com hasztag#Kraken hasztag#Coinbase hasztag#BrokenPrices
Larry is a treasure!
A senior finance director once told me: "I hate Bitcoin." This is someone I respect. Smart guy. Decades of experience. And yet... he hates Bitcoin. Let me tell you what "I hate Bitcoin" actually means: โ "I hate money" โ No โ "I hate good technology" โ No โ "I hate that young people found an exit" โ Yes ๐ธ Here's the uncomfortable truth The boomer generation built wealth in a specific system: - Buy stocks (they go up forever) - Buy bonds (safe yield) - Buy real estate (prices only rise) - Repeat for 40 years It worked. Because the money supply expanded faster than the asset base, inflating everything they owned. Now they're retiring. And they need someone to buy those assets at inflated prices. ๐ธ Then Bitcoin appeared. Young people look at the game and see: - Stocks at all-time highs (P/E ratios make no sense) - Bonds yielding 2% while they print 6% new currency per year - Real estate requiring 10+ year salaries for a down payment - Pensions that won't exist when they retire And they say: "No thanks. I'll take the fixed-supply digital asset instead." This is the real threat. If the next generation opts out and buys Bitcoin instead of boomer assets... Who's buying the stocks at these valuations? Who's buying the bonds that lose 4% per year in real terms? Who's buying the house for $800k that cost $80k in 1985? They don't hate Bitcoin because it's a scam. They hate it because it's an "exit"โand someone needs to stay in the system to buy their bags. "I hate Bitcoin" = "I hate that you found a way out before I could sell you my overpriced assets." I'm writing about this wealth transfer in "Broken Prices: The Road to Sound Money" ๐ Get notified โ soundmoneyroad.com #Bitcoin #ExitStrategy #Finance #BrokenPrices
๐๐ป๐ผ๐๐ต๐ฒ๐ฟ ๐ฏ๐ถ๐ด ๐ฒ๐ ๐ฐ๐ต๐ฎ๐ป๐ด๐ฒ ๐ถ๐ ๐ฏ๐น๐ผ๐ฐ๐ธ๐ถ๐ป๐ด ๐๐ถ๐๐ต๐ฑ๐ฟ๐ฎ๐๐ฎ๐น๐. Bank run in progress. In the last 24 hours, users have pulled 37% of all funds. The exchange? MEXC. The CEO publicly admittedโat least onceโthat funds get blocked or unblocked when they "get emotional." Yes, you read that right. Your funds. Their emotions. (Most likely they have serious liquidity problems. The emotions are just the cherry on top.) This is why "not your keys, not your coins" isn't just a slogan. Exchanges canโand doโtake or lose your Bitcoin: โช๏ธ Hacks (Mt. Gox, Bitfinex) โช๏ธ Exit scams (QuadrigaCX, Thodex) โช๏ธ Fraud (FTXโCEO's girlfriend needed to cover bad trades, customers paid the bill) And now: withdrawals frozen based on feelings. The reality: If an exchange is insolvent, there won't be enough funds for everyone. The last people to withdraw lose everything. ๐ฌ๐ผ๐ ๐ฑ๐ผ๐ป'๐ ๐๐ฎ๐ป๐ ๐๐ผ ๐ฏ๐ฒ ๐น๐ฎ๐๐. Some things to consider: 1. ๐ฆ๐ฒ๐น๐ณ-๐ฐ๐๐๐๐ผ๐ฑ๐ ๐ถ๐ ๐๐ต๐ฒ ๐ด๐ผ๐น๐ฑ ๐๐๐ฎ๐ป๐ฑ๐ฎ๐ฟ๐ฑโif done properly, no one can confiscate or steal your Bitcoin (except through physical force). But this requires learning how to do it right. 2. ๐๐ณ ๐๐ผ๐ ๐บ๐๐๐ ๐๐๐ฒ ๐ฒ๐ ๐ฐ๐ต๐ฎ๐ป๐ด๐ฒ๐โstick to large, established ones (founded before 2015). Even then, don't store more than you're willing to lose. 3. ๐ ๐ผ๐ป๐ถ๐๐ผ๐ฟ ๐ฒ๐ ๐ฐ๐ต๐ฎ๐ป๐ด๐ฒ ๐ต๐ฒ๐ฎ๐น๐๐ตโtools in the comment below let you track Bitcoin balances on exchanges. Sudden drops = warning sign. If you have funds on MEXC: ๐๐ถ๐๐ต๐ฑ๐ฟ๐ฎ๐ ๐ถ๐บ๐บ๐ฒ๐ฑ๐ถ๐ฎ๐๐ฒ๐น๐ if you still can. It's could be over for them. I'm writing โBroken Prices: The Road to Sound Moneyโโa book about money and Bitcoin. Get notified when it launches โ soundmoneyroad.com ๐ Tools to monitor exchange balances: Bitcoin balances on exchanges (more reliable, shorter list): https://www.coinglass.com/Balance "Clean Assets" balances in USD (less reliable, bigger list): https://defillama.com/cexs Note: Having balances on these lists does not guarantee solvency. โ ๏ธ #Bitcoin #SelfCustody #MEXC #BrokenPrices
CFO @ Club Orange