Bankless ROLLUP: Bull Market Over? | Operation Choke Point 2.0 Emails | Meta Free Speech | $6.5B Silk Road BTC Sale
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Jan 10, 2025 Is the crypto bull market over, or is there still hope ahead? Recent FDIC emails reveal the truth about Operation Choke Point 2.0, exposing institutional pressures on the crypto space. Amidst this, Meta stirs controversy with its free speech pivot. The U.S. government's $6.5 billion Bitcoin sale raises eyebrows—could it impact Bitcoin's future? Plus, advancements in AI and Layer 2 technology promise to reshape decentralized finance. Buckle up for a wild ride as we navigate the shifting tides of crypto!
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Wildfire Crypto Loss
- A California wildfire destroyed homes, highlighting the risk of storing private keys at home.
- One person's 70-year-old aunt lost her crypto savings due to losing her wallet in the fire.
Private Key Storage
- Store crypto private keys outside of your home to mitigate risks like fire damage.
- Use Shamir Secret Sharing, safety deposit boxes, or multisig wallets for backup.
Silk Road Bitcoin Sale
- The US government's approval to sell $6.5B of Silk Road Bitcoin raises concerns about market impact.
- This contradicts the idea of a strategic Bitcoin reserve.