#Bitcoin Maximalist | Stacking Sats | Fix the Money, Fix the World
Satoshi’s Sanctuary (Citadels)
Joined July 2021
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BTCDavid retweeted
Remember when Charlie Kirk got killed and Republicans were like YOU HAVE NO IDEA WHAT YOU HAVE UNLEASHED, TREMBLE IN FEAR AT WHAT’S COMING and then nothing happened and then they lost everything?
BTCDavid retweeted
Ethnic interest group reminds you ethnic interest group is against you forming an ethnic interest group, but will continue to vote in the interests of their ethnic group which is at odds with your interests.
BTCDavid retweeted
The purpose of artificially increasing female salaries is to destroy the birth rate.
BTCDavid retweeted
There is currently a phishing email going around that's pretending to come from us.
Please do not follow the instructions in the email!
We are currently investigating.
⚠️ ACHTUNG: BITBOX-PHISHING
Aktuell kursiert eine Phishing-Mail, die vorgibt, von BitBox zu stammen und vor einem angeblich fehlerhaften Random Number Generator (RNG) warnt.
Diese E-Mail ist FAKE.
❌ Keine Links anklicken.
❌ Keine Dateien herunterladen.
❌ Vor allem: Niemals eure Seed Phrase auf einer Webseite eingeben.
Bitte weitersagen.
BTCDavid retweeted
"According to one frustrated juror, quote, 'he had the hardest time getting over the fact that Lindsay viciously killed her children.'"
BTCDavid retweeted
This fiasco demonstrates why we’ve been so underweight DATs and so focused on corporate governance in a space rife with related-party transactions and retail investors.
There are obvious remedies here:
>Freeze further Series 10 exercises. >Calculate the split-adjusted number of shares originally contemplated before the 20% ratchet began expanding with capital raises.
>Have holders voluntarily surrender the excess rights.
>Then address the 64m shares already exercised, including the feasibility and tax consequences of a gratuitous surrender.
>Finally, replace Series 10 with a shareholder-approved, five-year incentive plan tied primarily to BTC per fully diluted share.
BTCDavid retweeted
This is just not good enough.
1) There is still no commitment to roll back the 273 million shares the anti-dilution clause created. By the company's own account that provision amplified dilution, obscured the share count and raised concerns about capital-raising decisions and option holders' interests. All past tense. The fix is future-only.
2) Confirmation that the CEO of Metaplanet has a significant stake in the parent of MMXX, a vehicle acting as lender, bondholder, share-lender to the dilution counterparty, largest shareholder at one point, and trading the stock throughout.
A reminder that those 273 million shares are worth ~$500 million today and almost $3 billion at last year's highs.
What's frustrating is that rolling it back costs them very little. Management would still hold the original 46 million shares, worth over $80m today, and the company could apply a fair incentive scheme retrospectively for the two and a half years of work.
Nobody is asking anyone to work for nothing.
I wanted to take a moment to post about communications and transparency.
Over the past week, my colleagues and I have spent a lot of time reading the questions, feedback, and criticism that you have shared. Thank you for your passion, and for your belief in Metaplanet.
One thing that has become clear is that we have not done a good enough job of explaining how our structure and decisions are designed to create long-term value for all shareholders. We can do better, and we will.
It has also become clear that while opinions differ, we all want the same thing: for company leadership and shareholder interests to be aligned in creating as much long-term value as possible, and for Metaplanet to operate with the highest standards of transparency and governance.
Through this lens, we announced several significant changes to the 10th Series stock acquisition rights on August 18, including eliminating the adjustment provision, fixing the share count, and implementing additional alignment measures. We are continuing to review our governance and compensation policies and will share any updates when that work is complete.
Separately, I’d like to clarify details regarding the structure of MMXX Ventures. The basic facts are these: MMXX is a shareholder in Metaplanet, and I am a significant but non-majority shareholder of its parent company. I am neither a director nor officer of MMXX, and have no role in its investment or trading decisions. What I can speak to, and will, are the decisions made at Metaplanet.
Bottom line: going forward, you should expect to hear more from us around the decisions we make and how they shape the future of the company.
Thank you to everyone who has taken the time to engage.
BTCDavid retweeted
メタプラネットのサイモン・ゲロヴィッチCEOへの返信です。
結論：追加された2億7,300万株分を取り消し、遡及適用する新たなインセンティブ制度に置き換えるしかありません。
沈黙を破ってくださり、ありがとうございます。
1．第10回新株予約権とその調整条項は、誰もが容易に確認できる、透明性の高い形で開示されていませんでした。StrategyやStriveは、ストックオプション、RSU／PSU、ワラントの内訳まで網羅したキャップテーブル（資本構成表）を公開しています。しかし、メタプラネットでは、この情報に簡単にはたどり着けませんでした。日本の株主でさえ、見つけるまでに17か月かかっています。私が見つけた中で、この件に公に言及した最初の投稿は、2025年9月のこちらです。
teapaw.org/metaplanetdays/status/…
2．ディランは私への返信で、調整条項の廃止について次のように説明しています。「2022年の制度設計に対して株主から強い意見が寄せられたため、会社はこの仕組みを廃止しました」
teapaw.org/DylanLeClair/status/20…
公正で合理的だと考えている仕組みを、なぜ廃止したのでしょうか。そうではなかったのなら、その仕組みによって増えた2億7,300万株分を、なぜそのまま残すのでしょうか。
3．会社は8月18日の開示で、この調整条項が「既存株主が負担する希薄化を増幅させる」とし、「資金調達の意思決定と新株予約権者の利益との関係について懸念」があると述べています。
contents.xj-storage.jp/xcont…
まったく同感です。ですが、そう認識しているのであれば、この条項によって増えた2億7,300万株分を残すことを、どう正当化できるのでしょうか。
4．昨年の海外公募増資では、調整条項によって9,625万株分が追加されました。昨年9〜10月には、投資家コミュニティがこの問題を公に取り上げ、強く声を上げていました。以下の投稿をご覧ください。
（1）teapaw.org/RoaringRagnar/status/1…
（2）teapaw.org/zynxbtc/status/1977797…
経営陣がこれを見ていなかったはずはありません。だとすれば、認識したうえで無視することを選んだとしか考えられません。なぜそうしたのですか。
5．新たに5年間のロックアップが設けられたとはいえ、追加された2億7,300万株分には、これまで一度も業績や成果に関する達成条件が付されていません。将来の成果に対する、達成条件のない「報酬の前払い」だったわけです。これは容認できません。Striveなど他社の報酬制度と比較すれば、なおさらです。現在の株価で5億ドル超、上場来高値の1,930円を再び付ければ32億ドルに相当する規模なのですから。
6．会社側は私との非公開のやり取りで、この条項は人材の獲得・定着に必要だったと主張していました。しかし、追加された2億7,300万株分を取り消しても、4,600万株分は残ります。その価値は現在でも8,000万ドル、株価が上場来高値の水準に戻れば5億5,200万ドルです。これでは人材の獲得・定着に不十分だという理由を、会社は説明していません。
7．この追加の2億7,300万株分が存在しなければ、1株当たりBTC保有量は20％高くなります。言い換えれば、調整条項によって1株当たりBTC保有量は3,167 satsから2,637 satsへ低下したということです。これは株主にとって非常に大きな重しです。日本で資本コストを低く抑えられる可能性は、多くの株主がこの銘柄に注目する大きな理由の一つですが、そのメリットも大きく損なっています。
8．この状況が、ウォーレン・バフェットの「新聞テスト」に合格しないのは明らかです。
teapaw.org/RoaringRagnar/status/2…
9．コミュニティの反応は、これ以上ないほど明確です。追加された2億7,300万株分を取り消し、遡及適用する新たなインセンティブ制度に置き換えるしかありません。
10．MMXXやEVO Fundに関して、利益相反が存在するのか、過去に存在したのか、あるとすればどの程度なのか、いまだに明らかになっていません。今よりも大幅に透明性を高める必要があります。
I wanted to take a moment to post about communications and transparency.
Over the past week, my colleagues and I have spent a lot of time reading the questions, feedback, and criticism that you have shared. Thank you for your passion, and for your belief in Metaplanet.
One thing that has become clear is that we have not done a good enough job of explaining how our structure and decisions are designed to create long-term value for all shareholders. We can do better, and we will.
It has also become clear that while opinions differ, we all want the same thing: for company leadership and shareholder interests to be aligned in creating as much long-term value as possible, and for Metaplanet to operate with the highest standards of transparency and governance.
Through this lens, we announced several significant changes to the 10th Series stock acquisition rights on August 18, including eliminating the adjustment provision, fixing the share count, and implementing additional alignment measures. We are continuing to review our governance and compensation policies and will share any updates when that work is complete.
Separately, I’d like to clarify details regarding the structure of MMXX Ventures. The basic facts are these: MMXX is a shareholder in Metaplanet, and I am a significant but non-majority shareholder of its parent company. I am neither a director nor officer of MMXX, and have no role in its investment or trading decisions. What I can speak to, and will, are the decisions made at Metaplanet.
Bottom line: going forward, you should expect to hear more from us around the decisions we make and how they shape the future of the company.
Thank you to everyone who has taken the time to engage.
BTCDavid retweeted
The events of Atlas Shrugged famously start on September 2, commemorating the day in 1946 when Ayn Rand drafted the opening scene. In celebration of Atlas Shrugged Day, buy a copy of Ayn Rand’s life-changing novel for yourself or a friend who’s never read it.
BTCDavid retweeted
Peptide cheat sheet what each does and what to pair with it 📋🏴☠️
———————————————————
Save this one‼️
I personally believe to get the absolute most out of any peptide the cofactors must be added in on top of any protocol
Doing this can reduce side effects tremendously and allow these amplifying signals to really thrive
RETA / TIRZ🏆
- What it does- appetite control and serious weight loss
- Electrolytes flushed out and behind most of the side effects
- Fiber your digestion slows raise it gradually to stay regular
- TUDCA keeps your bile flowing since fast fat loss raises gallstone risk
- B12 the slowed gut tanks absorption run it sublingual
-HYDRATION as GLPs reduce thirst signaling and cause sodium and other main electrolytes to be depleted
GHK-CU🔵
- What it does- signals collagen and skin and tissue repair
- Vitamin C the cofactor your body needs to build collagen
- Collagen the raw building blocks to work with
- Zinc keeps your copper and zinc in balance since GHK carries copper
KPV🛡️
- What it does- shuts down inflammation especially in the gut
- Probiotic to support the gut it works on
- Omega-3 to keep inflammation in a healthy range
- Vitamin D supports the immune and anti inflammatory side
BPC-157🩹
- What it does- builds blood supply to heal tissue and the gut
- Vitamin C and collagen to feed the repair
- Zinc required for tissue repair and wound healing
- Protein the material your body rebuilds with
TB-500⛑️
- What it does- moves repair cells across the whole body for recovery
- Protein the raw material for the tissue being rebuilt
- Collagen and vitamin C for the connective tissue
- Magnesium supports the recovery and sleep repair runs on
TESA / IPA🔥
- What it does- raises your own growth hormone for recovery and fat loss
- Magnesium supports the deep sleep GH releases in
- Protein the building block for the recovery GH drives
- Vitamin D supports healthy hormone function
5-AMINO-1MQ☄️
- What it does- blocks the enzyme that drains NAD to target stubborn fat
- TMG to cover the methyl groups it burns through
- Methylated B vitamins to back up the methylation cycle
- L-Carnitine to shuttle the freed fat in to be burned
NAD🔋
- What it does- it’s the fuel your cells run on for energy and repair
- TMG to stop your levels stalling out
- Methylated B12 and folate to keep the cycle running
- Magnesium a cofactor the whole process depends on
🧬🔬
BTCDavid retweeted
A professor at The University of Chicago earns $275K per year with full benefits, a pension for life and summers off. "Woke 1" handed these positions to hateful midwits like this, and they control the hiring now. Fuck the colleges.
Eman Abdelhadi: “F*** the University of Chicago... but it’s my best shot at power.”
At Socialism 2025, @UChicago professor Eman Abdelhadi called her employer “evil colonial landlord."
Use it. Organize it. Seize its structural leverage.
“We don’t have power... but I work at one of the biggest employers in Chicago... a place with thousands of people I could potentially organize... This is where I need to build power.”
She openly says it’s “brutal” organizing academics. But despite her disdain, Abdelhadi sees the university as a tactical weapon—to build a Palestine-aligned political base from within.
BTCDavid retweeted
We are worried these men will rape, so let's give them an underclass of women it's acceptable to rape.
This is why they pretended the grooming gangs weren't happening, they thought working class girls were an acceptable group to absorb the violence.
This quoted post is unavailable.
BTCDavid retweeted
"Wasn't it just crazy that time we declared your country to be irredeemably racist, caused mob violence and a massive crime wave across the country by waging a war against law enforcement, ruined peoples' lives if they made a joke in a private groupchat, and reoriented every American institution so they discriminate against white men?"
BTCDavid retweeted
JUST IN: @realizingerin receives @OpenSats grant to audit Bitcoin projects for 'Astrological vulnerabilities'
BTCDavid retweeted
thank you red team 🚩 for securing public bitcoin infrastructure
it’s been almost an entire week of non-stop hunting for vulnerabilities and disclosures
we’ve seen shit together
some of the most insane shit i’ve ever seen in my life
you’re incredible beings
keep going
BTCDavid retweeted
🚨🚨 URGENT: BTCPAYSERVER 🚨🚨
There is a critical vulnerability that is being actively exploited on BTCPay Server which can lead to loss of funds.
Update your BTCPayServer to to 2.4.2 or turn off your BTCPayServer now.
There is a critical vulnerability being actively exploited on BTCPay Server, which can result in the loss of funds.
Please update your BTCPayServer to 2.4.2 by going to Admin Dashboard -> Server -> Maintenance -> Update & verify the 2.4.2 version string in the footer.
If you are unable to update right away, turn off your BTCPay Server to prevent unauthorized access until you can update.
BTCDavid retweeted
The most common question I am getting right now in the fall out of the news of COLD CARD MK3, MK4, MK5 and Q having compromised entropy, is:
"Rob, what would you do right now if you were in my shoes? Where would you send your bitcoin to be safe?"
I will share with you my list of what I would do, but first, there is AN URGENT SECURITY ADVISORY IN THE BITCOIN ECOSYSTEM.
Below is my personal assessment of the situation.
If you or someone you know:
Uses an MK3, MK4, MK5, or Q in a single signature
OR
A multi signature wallet where the cold card devices can move the funds on their own (Example, 2 cold cards and a Ledger).
Please continue reading. You may be in danger. If this does not apply to you, keep on reading if you like, but you are not impacted by this issue.
If you are still here, there are three identified mitigations that protect you at the moment. They are all different forms in which you may have brought your own entropy.
A: DICE - This is done by either rolling dice from the start, or adding dice rolls to the generated seed phrase. At least 50 dice rolls would be my threshold at 128 bits of entropy.
OR
B: PASSPHRASE - You used a passphrase of sufficient entropy (128 bits).
128 Bits of entropy pass phrase examples include RANDOM combinations of the following:
- 12 BIP 39 seed words.
- 10 common words in the english language
- 25 mixed lower case letters and numbers
- 20 if you use ASCII characters
Note on pass phrases: This does not include the same word 12 times, 10 words in a sentence, etc. This combinations of characters/numbers OR words should never have been seen or spoken before in the total sum of all human knowledge and experiences. It needs to be RANDOM for it to be entropy.
OR
C: EXTERNAL ENTROPY - Your seed phrase was derived entirely outside of the cold card ecosystem. (It was imported into the cold card, not generated on it)
Now, if you are still reading, and you do not have any of these mitigations in place, you need to move your funds. The urgency of circumstances are as follows:
TIER 1: AS SOON AS POSSIBLE
Scenario A: If you are in a signature wallet with an effected device, and did not use any of the mitigations listed above. You need to move funds right now. Find someone to help you, any moment your funds can be stolen.
Scenario B: If you have an N of N (eg 2 of 2, 3 of 3, etc) multisig of just cold card devices that did not have mitigations listed above (dice and/or passphrase).
Attackers will be grinding all of the combinations of compromised keys. They know all your seed phrases. You are compromised. It is just a matter of time for them to assemble the puzzle pieces together and steal your funds.
If this scenario is you, I will have more below on how to mitigate risk when broadcasting your transaction.
TIER 2: URGENTLY
If you are in a single signature wallet with an effected device, and you used either less than 50 dice rolls OR a pass phrase less secure than what I shared above. The entire security of your bitcoin is reliant on how much of Dice AND Passphrases you applied to your wallet.
Attackers know your seed phrase. Your entropy from dice or pass phrase is the only thing protecting you. Did you add a pass phrase of 'bitcoin'? You are basically in tier 1. Did you use 6 words? You are not at tier 1, but you aren't safe. You need to make plans to move funds quickly.
TIER 3 SOON, BUT IMPORTANT CONTEXT:
You have a multi signature wallet where the compromised devices have sufficient ability to move the funds. An example is a 2 of 3 multisig where you have 2 cold cards and another signer.
The issue with Tier 3 is that an attacker may have already figured out your insecure seed phrases. This means when you broadcast your bitcoin transaction, an attacker in theory can then steal your funds.
NOTE: IF YOU ARE IN THIS SITUATION, AND YOU HAVE REUSED ADDRESSES, ALL REUSED ADDRESSES PUT YOU RIGHT BACK AT THE TIER 1 MOVE RIGHT AWAY YOUR FUNDS ARE AT RISK AT THIS VERY MOMENT
You should look into finding a way to use the @MARAFoundation_ slipstream service, which uses a private mempool. This means that by the time an attacker could see your attempted recovery, it is already in a block and not possible for them to steal funds.
TIER 4: KEY ROTATION. This is where you have an insecure cold card(s) in your multisig quorum, and you know that the other keys in your quorum are not impacted by this bug.
If there is a MK3,MK4,MK5 or Q in the quorum, BUT they either: 1. Rolled sufficient dice (50 min) 2. Have a strong pass phrase (as defined above). 3. Used entropy not sourced from the device, they are not impacted by this bug in the Cold Card (see notes earlier on mitigations).
You are in a position where a minority of your keys are compromised. Funds are safe, but you are at reduced security. Make plans when you are able to remove the compromised device from your wallet.
Now. With that security advisory out of the way, back to the question, what would I do in this situation?
Below is just my opinion, but you should not rely on only my opinion, you will have to make your own choices based on what you feel is best for you.
I want to be clear, if you are not on this list. It is not that I think your product/business is bad, insecure or at risk, I am directly answering the question of what I would do. This is my personal judgement given my decade of experience in bitcoin.
First, a disclaimer:
My bitcoin is at my company @AnchorWatch. I have full skin in the game in that if I'm offering a custody solution, there will never be another place I store large amounts of bitcoin long term for myself or my family, and it will be this way as long as I am here.
I was the first bitcoin that went on our Trident Vault platform. If the day ever comes, I will be the last bitcoin to leave the platform.
The years of what we built at AnchorWatch were for exactly moments like this. Avoiding catastrophic risk of ruin scenarios.
We offer 2 products:
1. Our Flagship Product where you as the customer can hold 1 or 3 keys, and we act as a cosigner. We leverage bitcoin native smart contracts which allow for your bitcoin to have different ways it can be spent across time.
2. Multi Institution Custody, where we let you distribute your keys across 3 institutions of ourselves, @bitgo and @CoinCorner. 2 of the 3 institutions must sign off on the transaction, and you have to present a Yubikey signature before withdrawing to mitigate deepfake and compromised accounts.
For both products as, since we are a cosigner, we are able to enforce rules like whitelisted addresses, and velocity controls (how much bitcoin can you send how often). You can even disable the send button on the platform if you so choose!
We also offer 1:1 insurance backed by Lloyd's of London.
If you want to learn more about what we do, hit up @_joerodgers or @BeccaAmilee to learn more, or check out our website.
Now with that out of the way, places where I'd leave my bitcoin (besides @AnchorWatch) in no particular order:
Custodian:
I'd trust my life savings at @River under a duress situation. This is one of those times. @Leishman and the entire team at River are elite operators. It is my favorite bitcoin services business in the market today outside of my own.
They own their own custody infrastructure, and at times like this, you want those who have extreme ownership and control over how their customer's money is being managed.
@River does monthly proof of reserves, and you can turn on the force field feature which will freeze withdrawals of bitcoin. They have a world class custody team as well, and are making improvements regularly with a larger upgrade that has been planned for a long time, happening later this year.
Collaborative Custody:
1. The @Bitkey is an incredible product with an elite team of engineers supported by the @BlockEng organization. They have exceptional bitcoin developers across @spiral_xyz and @CashApp teams who deeply understand Bitcoin.
@jack has been a long time believer in bitcoin who has built an organization that has no peer in the resources they have not just understanding bitcoin, but building on bitcoin.
You can pick it up a Bitkey at best buy today!
I do want to add a disclaimer that all keys are managed within the Bitkey ecosystem. The Bitkey team has gone to great lengths to keep things secure, but in light of recent events, I want to call that out. At the moment, the Bitkey is my only exception to a purist ideal of multi vendor multisig (more below).
2. @CasaHODL - @Nneuman and @lopp have been on top of this incidence response, and have built a very clean user experience to let people be safe. You can either use a 2 of 3 or 3 of 5 multisig with a great mobile app. Casa is the best UX for soverign collaborative multisig that exists in the market today.
3. @uncahined - Unchained pioneered the collaborative custody model and the multi institution custody model. They have been working around the clock trying to support customers and have even been able to use slip stream going the extra mile on short notice to keep customers bitcoin safe.
Self Custody:
I have spent close to $5k on LLM tokens over the past 24 hours scanning over a hundred bitcoin related repositories. As of now, I have seen no vulnerability that has me concerned about any hardware device outside of the Cold Cards.
Even so, you can't be sure. So I would follow the @mflaxman "Bitcoin 10x security guide". Its how I held my bitcoin before I founded @AnchorWatch, and even though the guide is 6 years old, the principles are timeless. I would remove his suggestion of using the cold card and replace it with any other hardware wallet. I would replace the cold card with a @Ledger at this time if it were my decision. You can pick up a Ledger up at Best Buy in the US.
Michael pioneered multi vendor multisig as a concept, and if you want a fully sovereign solution, as of today there is no better mental model on how to think through this, he has advanced tabs to further increase the security. For his cold card guide he fairly calls out the added benefit of rolling dice, which would have saved you today.
I think the future is combining the tech we use at @AnchorWatch to move beyond the single signature/ multi signature paradigm of custody, with the principles of @mflaxman's 10x security guide and the support of collaborative custody.
More on that later, but I would check out @lianabitcoin from @Wizardsardine as well, they offer a fully open source wallet that enables these more advanced smart contracts and are security researchers in the bitcoin ecosystem.
With that, I'm going to get back to work. I will post a followup reply if I have additional information or any corrections or clarifications to make.