10101 is shutting down \ stacker news ~bitcoin

10101 is shutting down x.com/get10101/status/1833098321482915910

2692 sats \ 33 comments \ @10101 9 Sep bitcoin

you guys did a LOT to push the state of the art on noncustodial financial services. Thanks for all the hard work! I think I'll be missing itchysats forever.

0 sats \ 0 replies \ @10101 OP 9 Sep

🫡

107 sats \ 1 reply \ @0xIlmari 9 Sep

Sad to see you go, those were sole interesting ideas you floated about.

I hope you decide to open source as much of the self-custodial financial services R&D that you developed in hope that someone will pick up the torch someday.

236 sats \ 0 replies \ @10101 OP 9 Sep

That's the plan

244 sats \ 6 replies \ @nitter 9 Sep bot

https://xcancel.com/get10101/status/1833098321482915910

193 sats \ 5 replies \ @WeAreAllSatoshi 9 Sep

I’m glad you updated this bot to post xcancel URLs. I considered doing that in its absence @ek

101 sats \ 4 replies \ @ek 9 Sep

literally took me like 5 minutes to update the bot to only post xcancel.com links now and also reply to comments

it's so hard to just start doing something sometimes

22 sats \ 1 reply \ @Bitcoinisawesome 9 Sep

You owe me a chess move I believe >:)

20 sats \ 0 replies \ @ek 9 Sep

oh haha, I was waiting for you actually but you're right

same with my game with @grayruby 👀

15 sats \ 1 reply \ @WeAreAllSatoshi 9 Sep

lol yea I bet it was quick. I think this provides a valuable service

0 sats \ 0 replies \ @ek 9 Sep

Yeah, I also like how clean it is now. Just a simple link, no more multiple instances.

I also had some code for nostr linnk parsing but that was a mess because there are so many nostr clients and fortunately, it is now built-in using the njump.me embeds so I could focus only on the nitter stuff again.

edit: Oh and thank you :)

280 sats \ 1 reply \ @398ja 9 Sep

Building a company is hard - building a Bitcoin company is even harder - and building self-custodial services is insanely difficult.

💯

56 sats \ 0 replies \ @10101 OP 9 Sep

For real!

56 sats \ 1 reply \ @MiddleWay 9 Sep

If it was "fully self-custodial and in the true spirit of decentralization" it would not matter if one entity is shutting down. Right? Right???

35 sats \ 0 replies \ @10101 OP 9 Sep

More on that soon 👀

35 sats \ 0 replies \ @OT 9 Sep

How long were they around? Feels like they didn't give it much time.

On the other hand as a business decision it is better to cut your losses early.

Maybe it felt too much like "crypto" for most bitcoiners. If they had purely marketed it as a stable coin on bitcoin it might have got more adoption.

20 sats \ 1 reply \ @Rsync25 9 Sep

🫡

0 sats \ 0 replies \ @10101 OP 9 Sep

🫡

20 sats \ 1 reply \ @0xbitcoiner 9 Sep

That's a shame. Your intentions are noble.

11 sats \ 0 replies \ @10101 OP 9 Sep

Thank you sir

20 sats \ 1 reply \ @BlokchainB 9 Sep freebie

sad day! As a 10101 user sad to see them shut down. Great team

0 sats \ 0 replies \ @10101 OP 9 Sep

Thanks man..

1102 sats \ 3 replies \ @DarthCoin 9 Sep

Once again Darth was right warning about this useless service. Read here: #331569 and here #331509 and here #107775 and here #343629

31 sats \ 0 replies \ @10101 OP 9 Sep

10 sats \ 1 reply \ @rijndael 9 Sep

as tasteful as always

1 sat \ 0 replies \ @DarthCoin 9 Sep

10 sats \ 0 replies \ @BTCLNAT 9 Sep

What a pity! It was an option to have control over the fluctuation, as is done with Blink. But actually having a self-custody project with that control is very complicated.