"Not Your Keys, Not Your Bitcoin"

You know, anon, I may just be a random voice screaming into a digital void, but wake up.

You’re being played.

Saylor? BlackRock? Coinbase? They’ve built a glittering paper palace of IOUs, and they're handing you Monopoly money while calling it Bitcoin.

Let’s get something straight: if you don’t run a node, and you don’t hold your own keys, you do NOT have Bitcoin. You’ve got a IOU claim ticket, a promise, a polite “maybe” from a third-party middleman that your bitcoin might be somewhere… until they’re not.

MicroStrategy stock is not Bitcoin. BlackRock ETFs are not Bitcoin. They're glorified exposure vehicles built on layers of trust, custodial risk, and opaque rehypothecation games, tantamount to "wrapped bitcoin".

They Are Shitcoins.

And what do they all have in common? Coinbase. The same custodian for both that attacked Bitcoin during the blocksize wars. The same centralized honeypot. The same “trust us, bro” nonsense that blew up Mt. Gox, Celsius, BlockFi, and FTX.

They want you to stay passive. They want you to think holding a ticker symbol in your brokerage account is the same as holding digital gold. It’s not. That MSTR stock? It’s paper. That IBIT ETF? Paper. TradFi comfort food for people too afraid to take the one step that actually matters: self custody.

And guess what? They don’t want you to do it. They don’t want you to learn how to use a hardware wallet. They don’t want you to spin up a node. Because once you do, you don’t need them anymore. You become sovereign. You opt out. You verify instead of trust.

Bitcoin was never about price exposure. It was about freedom. About removing third party middlemen. About eliminating counterparty risk. You give that up the second you park your “Bitcoin” with a third party middleman in a BlackRock ETF or "Bitcoin" stock.

You think Larry Fink’s going to let you withdraw sats to your Coldcard when there's a run on coinbase? You think Saylor’s going to cut you a UTXO when coinbase is fully compromised like MTGOX? Hell no. You’re buying promises. And promises break when things get ugly.

If you're buying paper Bitcoin—whether it's MicroStrategy stock, BlackRock's ETF, or any other shiny TradFi wrapper—you’re not just getting scammed yourself… you're part of the scam.

Yeah, that’s right. When you buy these IOUs, you're feeding the beast.

You're handing your capital over to entities who don’t secure real Bitcoin for every share issued. Instead, they park Bitcoin with a third-party custodian—Coinbase in this case—and use it to create multiple claims on the same sats. That’s rehypothecation 101. And when multiple people think they own the same Bitcoin, guess what? They don’t.

That’s how you suppress the price of real Bitcoin. That’s how you neuter the supply shock that should be happening when millions of people FOMO in. Because instead of those buys hitting the spot market and draining actual BTC from circulating supply, they’re going into synthetic products. TradFi IOUs. Ghost Bitcoin.

You're not moving the needle. You're feeding the illusion.

This is how Wall Street has always played the game. Gold markets are a cautionary tale. The paper gold market is 100x the size of the actual gold held in custody. That didn’t happen overnight. It happened because people stopped demanding the real thing. They stopped taking delivery. And now gold’s price has been effectively suppressed for decades while banks shuffle IOUs in an endless shell game.

And they’re doing it to Bitcoin next.

BlackRock doesn’t want sound money. They want predictable returns, regulatory control, and another revenue stream. They want to neuter Bitcoin—turn it into a boring number on a spreadsheet—not a monetary revolution. And by buying into these ETFs, you’re giving them the ammo to do it.

Every dollar that goes into a Bitcoin IOU instead of self-custodied BTC is a vote for centralization, a vote for price suppression, and a vote against the ethos of Bitcoin itself.

It’s not just about your own safety anymore—it’s about the network. Every sat you leave in their hands is one more sat that can be leveraged, re-loaned, and used to dilute real ownership. You are giving the tools of control right back to the very people Bitcoin was built to escape.

So be smart. Opt out of the clown show. Run your own full node. Hold your keys in cold storage. Don’t get suckered into the next rug-pull and cry later because “I thought it was backed 1:1.”

You've been warned, you have no excuse now.

Buy real Bitcoin. Take self custody. Become Free.

I want to print it in really big

Any idea on what time the news is set to come out?

Anyone else think it’s a bit weird how everyone is saying bitcoin is decoupling and is the “safe haven” from what is happening in the market right now?

Almost have some gut feeling that everyone is hyping bitcoin up only for a crash to randomly come when others pile in from the stock market.

I loaded up my trezor suite and plugged in my trezor. Punched in my passphrase. Empty wallet. Hmm, must have misspelled it. Redo. Same. Ok, I'm sure it's fine. Do it one more time and really double check passphrase. Still empty. Starting to panic a little bit. Am I going to to be one of these guys trying to figure out how my wallet got emptied on reddit?

Alright, first thought is look at trezer suite lite on my phone. Balance is there, that's good right? Wait, does that update in real time? I have no idea. Start panicking start regretting ever thinking I should self custody. Still doesn't explain why I can't see my balance on the trezor. Alright next is look up the receiving address to see if the the bitcoin has been moved. What is that address? I don't know lets look on the exchange. Hmm, no internet connection. But I'm connected. Oh look the router is connected but there isn't any actual internet connection. Looks like I just found out that if there isn't an internet connection trezor just tells you the wallet is empty, not that you're not connected to the internet.

What a emotional roller coaster for me this morning.

https://www.coindesk.com/tech/2025/04/05/bitcoin-developer-proposes-hard-fork-to-protect-btc-from-quantum-computing-threats

CoinMarketCap have “Whale holdings” at 1.25%. Anyone able to explain how to calculate that %?

It can’t be % of addresses, since there are several hundred million, whether you consider only non-empty or not.

Also, it cannot be % of Bitcoin held by whales, since the definition they give for a whale is having 1% or more of supply (could only be 1 whale in this case, yet we know of multiple entities with 1% or more).

I understand it’s an old, unfunded cold wallet. Just curious if it’s collectible. Got in a trade.

Does anybody else feel like Alt-coins and the likes have lost their steam? Really feel like the music has stopped playing on a lot of major coins ? What’s going on ?

I was pretty confused when everyone was selling off all their stocks in the last few days yet BTC was remaining stable and even going up. But within the last hour, its started dropping a fair bit, any reasons why? Hard to try and make sense of anything at the moment with all the tariff uncertainty.

Edit: I am fully aware BTC is highly volatile, prices rise and fall dramatically for no reason. I really just wanted to see what people thought about the increase in price while the stock market completely tanked.

So im pretty new to crypto and just ran into a problem with my bank straight up blocking crypto purchases. Anyone else have this issue? Seems actually fucking crazy that my bank is preventing me from using the money I made the way I want to. How the fuck is this legal?