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562 sats \ 8 replies \ @Undisciplined 21 Nov \ on: Starting to lose my patience with Swan bitcoin
I try and support every bitcoin business that I possibly can
I share the instinct to do this, but you're right to consider dropping your support. We want to support bitcoin businesses through their early hiccups. We also don't want new bitcoiners having these kinds of experiences.
I'd say we should tolerate mistakes to the extent the business owns up to them and makes them right. Mistakes plus lack of accountability is a really bad combination.
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73 sats \ 6 replies \ @grayruby 21 Nov
The story of Swan will go down in Bitcoin history. Had a great first mover advantage, awesome marketing, celebrity and sports endorsements. Founder who had a big presence on social media. Everything going right but then they dreamed of going public and started focusing on that mission instead of what got them to the dance. Sad. Hopefully they get back on track. But let it be a lesson to all.
It makes me think of SN and while I would like SN to fly a little closer to the sun, I respect the path k00b is taking.
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35 sats \ 0 replies \ @bren 21 Nov
The CEO made a lot of noise calling out scams a couple years ago, which I don't see a problem with, but then they started having a lot of problems themselves and kind of looked bad also.
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21 sats \ 1 reply \ @denlillaapan 21 Nov
wait, closer to the sun? Wouldn't it be further away from the sun (i.e., safer, not getting consumed by hubris)?
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73 sats \ 0 replies \ @Undisciplined 21 Nov
He's only made it through the first two-thirds of the story of Icarus. Don't spoil the ending.
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130 sats \ 0 replies \ @Undisciplined 21 Nov
Yeah, organic growth that improves your current users' experience isn't flashy, but it is sustainable.
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51 sats \ 1 reply \ @coryklippsten 22 Nov
It's early, my friend! Lots left to be written :) Being a public company lends credibility to a financial services business, making it significantly more attractive to partners and clients around the world. It's a MASSIVE p.i.a., and not something I've personally ever wanted, but it's super clear that the positive impact we can have on Bitcoin adoption would be multiplied significantly if we take on that burden.
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0 sats \ 0 replies \ @grayruby 22 Nov
Wish you all the best. Not hating. Just an observation.
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77 sats \ 0 replies \ @BitcoinIsTheFuture 27 Nov
Now they are stealing our sats! Now it gets worse! See the e-mail today!
WTH… “ On or around November 22, Fortress charged Swan Personal and Entity accounts an “admin fee” for exiting to new platforms. The fee ranged from $0 up to $125 per account, deducted in USD or Bitcoin depending on account balances.” You’ve got to be kidding me. How is that legal…
It’s not getting better. I had a note to move my sats to cold storage and to be done with Swan a few weeks back, but have been busy. I use River now.
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