673 sats \ 6 replies \ @fluff_stack 11 Nov 2023 \ on: Swan Bitcoin not allowing coinjoined Bitcoin deposits or withdrawals. bitcoin
My first thought was OMG WTF?! NOT SWAN! But then I thought: Wait this is Magoo, while he's a hardcore maxi, he's kinda a short sighted dick when it comes to his blind vendetta against Swan.
Why does this "news" not matter? And why does Swan not care that Fortress (their Trust Company) are Statist whores??! Answer below:
SWAN DOESN'T HAVE A SELL BUTTON. FFS.
SWAN DOESN'T EVEN OFFER RECEIVING BTC ADDRESSES.
THERE IS NO REASON TO EVER TRANSFER YOUR MIXED BTC TO SWAN.
The ONLY business Swan does where this could have a negative outcome; is Swan WILL receive your ETH, liquidate it instantly, and give you Bitcoin. If you mixed your ETH you may get the shaft. Screw ETH, it's captured; too late.
Screw Magoo - While I love him as an anti-state, Bitcoin maxi brother; he's a blind asshole in his hatred of all things Swan. It's a miracle Swan offers a business which will trade your fiat-statist-bucks for Bitcoin. Rejoice, buy as much Bitcoin as humanly possible, while you still can, mix your heart out.
Any background on why he has a vendetta vs Swan?
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No idea why; just search his post history for Swan mentions. Magoo and Stoney - blind hate. I get it; centralized exchanges are no good; but Swan is a bit different because they do remind and educate their users on the importance of self-custody quite very regularly. I just see a company dealing with a ton of fiat bullshit in the effort to get Bitcoin into the hands of plebs in $10+ sizes. Swan also makes sure your Bitcoin held in balance is linked to a legal Trust, in your name. Bankruptcy proof, not perfect, but is unique in the space.
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Yeah, agreed. I don't know what more they could do to be good actors; and more than that, seems like Cory really gets it, and is doing a lot of the long-term strategy, e.g., education, conferences, assorted other outreach, creating their own custodian, doing the PR to separate btc from other crypto, coalition-building, etc.
That stuff, in the final analysis, will have more to do w/ whether btc is successful on a 5 year vs a 50 year timescale than anything I can think of. I don't even agree with a lot of it --- I find the podcasts unlistenable, and the excerpts from the conferences I've seen overwhelm me with Get Jesus energy -- but there are a million ways to contribute and there's no denying that Swan is going hard at a number of them.
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I just found this well though, and highly detailed write-up by on the matter by Yan Pritzker, Swan's CTO
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They said after you transferred out and coinjoin, they can still freeze your account. Read their statement
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‘Directly’.
So they won’t be flagging you if you send to an address and then from that address coinjoin.
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