Bitcoiner's daily mantra.

Paraguay isn’t growing fast by luck. 36% of students want to found a firm at graduation, 46% within five years (world: 15% / 28%). One in three is already trying. One in six already runs one. Now compound that with the fact that the median age is 29. Young country. Low, simple taxes. Light rules. Cheap power. This country will continue to grow over the next 10–20 years.

All the recent exploits in the open-source Bitcoin ecosystem make me wonder about the future of FOSS development. In its current form, it’s too exposed. It isn’t only well-intentioned people watching the code. Attackers now scan GitHub for vulnerabilities and exploit them before maintainers can ship a fix. Developers are under unhealthy pressure. They know the enemy is watching and will abuse any crack left in the code, and they’ll do it lightning fast. That’s why they have to improvise with private encrypted side channels to talk about bugs, and with patches released before the code itself, so users can update without broadcasting the scope of the changes. I think this is going to be one of the hardest problems for the space. In this case, transparency doesn’t work in our favor. We are in the middle of the Great Hardening, and I am still convinced open source is the right way to build software. We just have to stay one step ahead of attackers and have the right tools to make the code literally bulletproof before it ever reaches production.

Time will tell, but I am a bit skeptical in this case.

IMHO it’s unrealistic, because people hate taking responsibility. Look how long password managers have been around - they’re a fantastic and useful technology. Does everyone use them? No, because people still use their birthday or their cat’s name as a password and think that’s fine… How many people use 2FA? Even fewer, and it’s not that hard either. If people don’t use these, how can we expect them to use self-custody to actually own their bitcoin?

Fortunately, only a small number of wallets were impacted, and Blink will refund them. On self-custody - not all “self-custody” solutions are equal. Some call themselves self-custodial, but they still carry other important 3rd party risks. Plus, for mass adoption we can’t expect everyone to use self-custody. That’s just an unrealistic expectation...

This Saturday I’ll be giving a talk at our regular Bitcoin Meetup on the importance of using Bitcoin as a means of payment. It’s an important topic not enough people talk about. Hope to see you there! ⚡

We just launched a new website for . Finally, the community has a page that matches the scale of what’s being built here. Let’s go! ⚡️🚀 https://bitcoinparaguay.org

Some people might be surprised seeing Asunción so high on this list. No sea, no mountains, no fancy lifestyle, and horrible infrastructure. Still, every year more and more people are coming. Why? Paraguay offers something pretty rare - a residency that’s relatively easy to maintain, a simple territorial tax system, good weather, and still pretty good value for the buck. A few years ago it was one of those places people struggled to pronounce or find on a map. That’s changed. Now it’s a known name, at least in the nomad community. I just hope it doesn’t meet the same fate as some other once-great DN hubs.

Congrats! 👏