Satoshi Labs – from Trezor to Hyperbitcoinization
Josef Tetek is an ambassador and analyst at Satoshi Labs and Trezor. Josef is a long-time bitcoiner with a background in Austrian economics and political philosophy. Josef believes that Bitcoin is the next step in mankind’s monetary evolution.
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Why you should listen
Josef is a long-time Bitcoiner with a background in Austrian economics and political philosophy and is the author of two books: Bitcoin: Separation of Money and State, and Enemies of State, Friends of Liberty.
“There’s no doubt that many current crypto projects with risky business models will collapse – including some exchanges. This cleansing process – whilst painful in the short-term – will ultimately be good for the long-term future of Bitcoin. We have to move on from the current get-rich-quick crypto mentality and think much further into the future. When viewed over the long-term, saving in bitcoin should be seen not only as conservative but fiscally prudent. And with withdrawal freezes being put in place, it has demonstrated yet again that if you hold crypto on a centralized exchange you do not have control of your assets. When crypto values are heading north people pay little attention to the risks involved, but in a bear market, the custody tables turn very quickly.
“The only way to really own your own cryptocurrency is via self-custody – cold storage on a hardware wallet. This is how bitcoin was intended – no middle man, p2p, sovereign ownership of one’s own money.”
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