Cory 🦢 Swan

+- Cory 🦢 Swan -- 601d -----------------------------------------------------[...]+
|                                                                                |
| “Soft-Fork/Covenant Dependent Layer 2 Review" by Peter Todd                    |
|                                                                                |
| "tl;dr: Ark is pretty cool, and CTV is a good way to get it."                  |
|                                                                                |
| https://petertodd.org/2024/covenant-dependent-layer-2-review                   |
|                                                                                |
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+- Cory 🦢 Swan -- 607d -----------------------------------------------------[...]+
|                                                                                |
| "I would love to see a story for where the yield is coming from."              |
| - VitalikButerin, Aug. 26, 2024                                                |
|                                                                                |
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+- Cory 🦢 Swan -- 700d -----------------------------------------------------[...]+
|                                                                                |
| Thx for the tag                                                                |
| nostr:npub146j2myq28t6nw87e0v89q0tq47wcmsvkpdxszc5wkyqtgfsvuh7q8k2jsd          |
|                                                                                |
| Looking into it. We've always collected the minimum PII possible for opening   |
| an account, and kept even less. We're in touch with Stretto on this, and       |
| should be getting the details this week.                                       |
|                                                                                |
+-- reply ------------------------------------------------------------------- ---+

+- Cory 🦢 Swan -- 700d -----------------------------------------------------[...]+
|                                                                                |
| Managed Mining is a service we provide for Institutional investors. We run the |
| numbers on all of the pools, and mine the most BTC possible. I don't want spam |
| on Bitcoin, but telling clients we're gonna make them less money than          |
| competitors isn't a sustainable way to fight spam, as we'd just lose the       |
| clients. Need to use other methods.                                            |
|                                                                                |
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+- Cory 🦢 Swan -- 700d -----------------------------------------------------[...]+
|                                                                                |
| Eww gross. Never.                                                              |
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+- Cory 🦢 Swan -- 700d -----------------------------------------------------[...]+
|                                                                                |
| No one ever tried to scam you with a "double-billing arbitrage con" OBVIOUSLY  |
|                                                                                |
| If you have an outstanding complaint, just hit Swan.com/support and we'll look |
| into it right away.                                                            |
|                                                                                |
+-- reply ------------------------------------------------------------------- ---+

+- Cory 🦢 Swan -- 700d -----------------------------------------------------[...]+
|                                                                                |
| Indiana Pacers guard Andrew Nembhard arriving for last night's game. Look      |
| closer...                                                                      |
| #SatoshiNakamoto                                                               |
| https://m.primal.net/IOAw.jpg                                                  |
| https://m.primal.net/IOAx.jpg                                                  |
|                                                                                |
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+- Cory 🦢 Swan -- 706d -----------------------------------------------------[...]+
|                                                                                |
| Dang, lowercase b! Swan.com/bitcoin101                                         |
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+- Cory 🦢 Swan -- 706d -----------------------------------------------------[...]+
|                                                                                |
| I set up a short url for my favorite intro resources to get someone started on |
| Bitcoin:                                                                       |
|                                                                                |
| swan.com/Bitcoin101                                                            |
|                                                                                |
| Super simple to remember!                                                      |
|                                                                                |
| 8 of the best pieces of Bitcoin educational content, coming in at just under 8 |
| hours.                                                                         |
| https://m.primal.net/IIuT.jpg                                                  |
|                                                                                |
+-- reply ------------------------------------------------------------------- ---+

+- Cory 🦢 Swan -- 706d -----------------------------------------------------[...]+
|                                                                                |
| How much would the NBA pay for a $250M insurance policy against the Celtics    |
| losing the East finals?                                                        |
|                                                                                |
| Either of Mavs-Celts or Wolves-Celts is a massive money maker. Pacers?         |
| Ehhh.... notsomuch                                                             |
|                                                                                |
+-- reply ------------------------------------------------------------------- ---+

+- Cory 🦢 Swan -- 707d -----------------------------------------------------[...]+
|                                                                                |
| A note on my participation and incentives in the Shitcoins-on-Bitcoin and      |
| Script Activation dialogs recently on X:                                       |
|                                                                                |
| It's been fun and illuminating to tease out different points of view, and to   |
| go down various rabbit holes getting up to speed on proposals.                 |
|                                                                                |
| A couple of folks have wondered at my motivations, so I thought it would be    |
| useful to share a couple of facts for consideration:                           |
|                                                                                |
| • Swan manages one of the larger mining deployments in the world, and should   |
| be top 5 by the end of this year. We stand to make a TON of money with         |
| increased fees from shitcoins on Bitcoin. So when I question the narratives    |
| proferred by SOB promoters, it ain't bc of my monetary incentives.             |
|                                                                                |
| • Swan primarily focuses on Bitcoin as SOV * today* but we have already laid   |
| the foundation to become a massive player in the development and usage of      |
| Bitcoin as MOE. The future of Bitcoin adoption, and thus the future of Swan,   |
| depends on it. Valuation multiples on payments revenue absolutely dwarf        |
| multiples for financial services revenue, so when I question some narratives   |
| of script activation promoters, it ain't bc of my monetary incentives.         |
|                                                                                |
| I'm here trying to figure out how to support bitcoin the monetary asset,       |
| Bitcoin the network, Bitcoiners, and Bitcoin adoption, so that we can win The  |
| Race to Avoid the War.                                                         |
|                                                                                |
| I try to figure out the truth, and then to spread it far and wide.             |
|                                                                                |
| I work hard to identify false narratives about Bitcoin, whether they originate |
| from inside the ecosystem or outside it, and spread those findings far and     |
| wide, too.                                                                     |
|                                                                                |
| Unless I am certain someone is truly malicious or deliberately deceitful, I    |
| try very hard not to attack them personally.                                   |
|                                                                                |
| If someone I don't consider malicious attacks me personally, they may end up   |
| in a sometimes chippy discussion of ideas, but typically I am able to hold     |
| back from returning fire in kind.                                              |
|                                                                                |
| The people I do consider malicious who have attacked me personally are mostly  |
| in prison, or are already widely understood to be irrelevant.                  |
|                                                                                |
| I'm honored to battle it out with the rest of you, to learn from you, to try   |
| to test your thinking, hone our narratives, and to do our best for Bitcoin.    |
|                                                                                |
| Have a wonderful Sunday!                                                       |
|                                                                                |
+-- reply ------------------------------------------------------------------- ---+

+- Cory 🦢 Swan -- 707d -----------------------------------------------------[...]+
|                                                                                |
| Most people don't spend #Bitcoin till they have nothing else to spend. That's  |
| why the Medium Of Exchange adoption curve lags the Store Of Value adoption     |
| curve.                                                                         |
|                                                                                |
| By 2035 you'll be able to buy most goods and services in most places around    |
| the world denominated in sats.                                                 |
| https://m.primal.net/IIQe.jpg                                                  |
|                                                                                |
+-- reply ------------------------------------------------------------------- ---+

+- Cory 🦢 Swan -- 843d -----------------------------------------------------[...]+
|                                                                                |
| I hear Matt @odell claims people think his VC firm, Ten31, is closely tied to  |
| Swan and that some people may be influenced to use Swan or invest in Swan      |
| because of Ten31's involvement. Let me state very clearly that Ten31 has no    |
| influence on Swan, and no information rights. Ten31's biggest investment by    |
| far is in Strike, they sit on the Unchained board, and Matt and Marty's        |
| podcast is sponsored by River.                                                 |
|                                                                                |
| Matt was a very early advisor to Swan, specifically focused on privacy, and we |
| very much appreciate his contributions. He owns some advisor shares in Swan,   |
| but has never been asked to invest.                                            |
|                                                                                |
| Jonathan and Grant from Ten31 each cut angel checks into Swan very early on,   |
| and rolled them into their first fund. They also cut a small check into our A  |
| round from Ten31, which was a party round (lots of small checks) in Fall 2021. |
| I don't think we ever received an investor referral from Ten31, nor do I       |
| remember ever hearing someone mention Ten31 when getting in touch about a Swan |
| investment.                                                                    |
|                                                                                |
| In summary, as @Odell himself said, Ten31 invested a tiny amount in Swan, long |
| ago, and has no information rights. All large investors in Swan do extensive   |
| diligence, and they are not concerned with the names of seed funds from early  |
| rounds.                                                                        |
|                                                                                |
| Regarding Swan's small hedge fund that we created for a couple of our          |
| institutional investors, which seems to have triggered the latest outburst     |
| from Mr. Odell:                                                                |
|                                                                                |
| We needed a head of trading for institutional clients to execute trades with   |
| VWAP / TWAP etc and tight spreads from multiple OTC desks. He happened to have |
| a great track record of asset management, and a strong desire to continue      |
| managing money. A couple of our investors wanted a lower-vol Bitcoin strategy  |
| (sit in cash during drawdowns, ok with losing a little upside by missing part  |
| of some pumps), and decided to seed him in a Swan-managed fund. The fund is    |
| already at capacity and we are not marketing it.                               |
|                                                                                |
| My advice to retail investors remains the same as it's always been: DON'T      |
| TRADE UNLESS YOU WERE ALREADY A PROFESSIONAL TRADER. 99% get rekt, and it's    |
| even worse in "crypto" because that game is rigged even worse than tradfi.     |
| Much better to stay humble and stack sats, ideally with a Bitcoin-only company |
| like Swan (we don't even have a sell button! and we have still have FREE       |
| automatic withdrawals).                                                        |
|                                                                                |
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+- Cory 🦢 Swan -- 1138d ----------------------------------------------------[...]+
|                                                                                |
| Turkey problem. Fine until it's not. Binance is fragile af.                    |
|                                                                                |
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+- Cory 🦢 Swan -- 1138d ----------------------------------------------------[...]+
|                                                                                |
| Huge                                                                           |
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+- Cory 🦢 Swan -- 1138d ----------------------------------------------------[...]+
|                                                                                |
| In case you were off the grid last week, here's what happened:                 |
|                                                                                |
| https://ibb.co/YWk84qS                                                         |
|                                                                                |
+-- reply ------------------------------------------------------------------- ---+

+- Cory 🦢 Swan -- 1138d ----------------------------------------------------[...]+
|                                                                                |
| Fly to safety.                                                                 |
|                                                                                |
| #Bitcoin                                                                       |
|                                                                                |
+-- reply ------------------------------------------------------------------- ---+

+- Cory 🦢 Swan -- 1168d ----------------------------------------------------[...]+
|                                                                                |
| Remember when the Bitcoin management team hired a marketing firm to promote    |
| the launch of Taproot?                                                         |
|                                                                                |
| Me neither.                                                                    |
|                                                                                |
| But Ethereum is actively managed by ConsenSys and the Ethereum Foundation with |
| the goal of pumping the price, so they hire marketing firms.                   |
|                                                                                |
+-- reply ------------------------------------------------------------------- ---+

+- Cory 🦢 Swan -- 1173d ----------------------------------------------------[...]+
|                                                                                |
| This is a great organization, vetted by people I know well, helping with       |
| Turkey earthquake relief efforts.                                              |
|                                                                                |
| https://donate.tpfund.org/campaign/tpf-turkiye-earthquake/c465112              |
|                                                                                |
+-- reply ------------------------------------------------------------------- ---+

+- Cory 🦢 Swan -- 1175d ----------------------------------------------------[...]+
|                                                                                |
| The tax on human productivity of millions of people being fooled into spending |
| time "learning" about sh*tcoins is immeasurable.                               |
|                                                                                |
+-- reply ------------------------------------------------------------------- ---+

+- Cory 🦢 Swan -- 1175d ----------------------------------------------------[...]+
|                                                                                |
| Running Nostr                                                                  |
|                                                                                |
+-- reply ------------------------------------------------------------------- ---+

+- Cory 🦢 Swan -- 1180d ----------------------------------------------------[...]+
|                                                                                |
| Great to see do many familiar handles here! Look forward to exploring          |
| 🏀😎🌴🔥🚀🌔                                                                         |
|                                                                                |
+-- reply ------------------------------------------------------------------- ---+

+- Cory 🦢 Swan -- 700d -----------------------------------------------------[...]+
|                                                                                |
| Indiana Pacers guard Andrew Nembhard arriving for last night's game. Look      |
| closer...                                                                      |
| #SatoshiNakamoto                                                               |
| https://m.primal.net/IOAw.jpg                                                  |
| https://m.primal.net/IOAx.jpg                                                  |
|                                                                                |
+-- reply ------------------------------------------------------------------- ---+

+- Cory 🦢 Swan -- 706d -----------------------------------------------------[...]+
|                                                                                |
| I set up a short url for my favorite intro resources to get someone started on |
| Bitcoin:                                                                       |
|                                                                                |
| swan.com/Bitcoin101                                                            |
|                                                                                |
| Super simple to remember!                                                      |
|                                                                                |
| 8 of the best pieces of Bitcoin educational content, coming in at just under 8 |
| hours.                                                                         |
| https://m.primal.net/IIuT.jpg                                                  |
|                                                                                |
+-- reply ------------------------------------------------------------------- ---+

+- Cory 🦢 Swan -- 707d -----------------------------------------------------[...]+
|                                                                                |
| Most people don't spend #Bitcoin till they have nothing else to spend. That's  |
| why the Medium Of Exchange adoption curve lags the Store Of Value adoption     |
| curve.                                                                         |
|                                                                                |
| By 2035 you'll be able to buy most goods and services in most places around    |
| the world denominated in sats.                                                 |
| https://m.primal.net/IIQe.jpg                                                  |
|                                                                                |
+-- reply ------------------------------------------------------------------- ---+