Lyn Alden Explains Why Owning Real Bitcoin is Better than an ETF - (a video) with Terrence Yang
TL;DR: Whether Bitcoin is held in a cold storage hardware wallet offline or an IRA retirement account, both options are better than any type of Bitcoin ETF investment product.
Hey Bitcoiners,
Financial analysts like Lyn Alden favor investing in real Bitcoin rather than a Bitcoin ETF or other Bitcoin proxy products. Owning actual Bitcoin provides direct control and ownership, with private keys allowing for independent management, which best aligns with the principles of decentralization. Additionally, it offers access to potential forks and airdrops, which ETFs may not grant.
Owning actual Bitcoin is more cost-effective due to lower fees and likely tax implications. Swan is always here to help you learn how to take self-custody or hold your Bitcoin in a tax-advantaged IRA. Even though it's different from owning the private keys, your Bitcoin is safely secured in a legal trust account.
Enjoy!
Tick tock next block,
Cory Klippsten
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Welcome to Bitcoin: 101 Series
Swan understands that learning about Bitcoin can be daunting, and articulating its concepts to your loved ones can often appear like an insurmountable task. So, we created this free 1-hour Welcome to Bitcoin: 101 Series. It’s the best way to orange-pill your friends and family members this holiday season.
With host Natalie Burnell, you’ll learn the many ways Bitcoin can benefit you, such as:
Inflation Protection: Protect your savings from inflation and manipulation.
Investment Opportunity: Potential for substantial returns driven by its scarcity and growing adoption.
Prosperous Future: Decentralized money that serves as a store of value for your hard-earned wealth.
Help kickstart your loved ones Bitcoin journey today!
Quote of the Day
“Bitcoin is a way out of our current system, which is exclusionary and unjust, and tends to prey on the weak and disenfranchised while letting the corrupt Davos crowd walk free.”
- Alex Gladstein
Job of the Day
The Company
Swan is a leading Bitcoin-only financial services company supporting individuals and companies throughout their Bitcoin journey. We hire passionate Bitcoiners who want to work with a self-motivated and fully distributed startup team.
The Role
As VP of Engineering at Swan, you will help scale Swan as it enters into its growth phase as a the biggest and most trusted brand in Bitcoin-only financial services. You’ll be leading the engineering team by organizing, planning, mentoring, and guiding developers.
Our team is very product and customer focused, so a love of product, and, of course, a love of Bitcoin, are first and foremost. You’ll work closely with the CPO to identify the best ways to achieve business and product goals and the CTO in order to achieve technical initiatives. This is a hands on role involving architecture, implementation, and team leadership.
We are looking for someone who has a wide range of experience, is extremely proactive, can see around corners, and loves to move quickly while working on big technical problems.
This is a remote position in a fully remote company, but requires location in the American time zones, which is the locus of our engineering team.
Your responsibilities
Product planning, team structure, and hands on project management for critical path projects
Be inspiring and motivating to engineers, finding ways to match the right work with the best people
Lead from the front lines, get involved deeply in technical projects from an architecture and project management standpoint, and be extremely active in online communication in a fully remote company setting of over 100 employees
Act as a force multiplier for the engineering team, adopting Shape Up practices, helping people move fast, QA, ship, and be successful
Believe in culture over process and enabling developers to be product owners
Want to balance quick iteration and delivery with long-term investment in scale
Work closely with senior management and teams in other departments across product, client services, operations, and other functions to identify gaps, design solutions, and drive the team to execution
Skills and experience that will help you succeed
A solid technical background with the ability to act as a sounding board for developers making technical and user experience tradeoff decisions
Excellent interpersonal skills with a desire to lead, mentor, and help engineers level up as developers and team leaders
A focus on process improvements, documentation, coding standards, error rate reduction, and on-call rotation management, owning MTTR and similar metrics.
Background as a developer - you won’t necessarily write code but being comfortable in GitHub, reviewing PR’s, and helping with architectural decisions like data modeling, naming, etc, is needed.
Recruiting and Hiring - strong network of developers to source, recruit, and hire team members as the business grows
Infrastructure and security experience is a major plus. Solid application security awareness is a minimum requirement.
Experience leading a team of 30+ engineers
A strong head for tradeoffs and difficult decision making in a rapidly changing environment.
15 years of technical expertise with at least 5-10 years in team leadership. Exceptions for experience can be made for demonstrated leadership at startups at scale.
Strong background in mobile, with experience shipping production apps a huge plus.
Located in United States, in any time zone (anywhere from Pacific to Eastern)
Here's a bit about our culture
We’re a growing team: Fully distributed across the world, Slack and Huddles are huge here.
We’re very flat: Leadership is desired and encouraged; we hire people who care about and use the product they are working on.
We’re Bitcoiners: We find solutions that encourage Bitcoin principles. We are often involved in the Bitcoin community through writing, podcasts, conferences, open source projects, and time spent on Twitter to help educate the masses. We love Bitcoin, and it comes through in our daily chats, meetings, and actions.
Join us, become a Swan!
Not your particular skill set? Check out all the Bitcoin Jobs at bitcoinerjobs.com.
Event of the Day
Bitcoin Freedom Festival, by Bitcoin Jungle
Uvita, Costa Rica
January 18-20th, 2024
The Bitcoin Freedom Festival offers a whole host of activities that will captivate and inspire you, regardless of whether you're a newb to Bitcoin or an experienced OJ pleb.
The Freedom Festival offers a daily market with local organic fruit vendors, artisanal crafts, art, live music, and more, all purchasable with the Bitcoin lightning network. Independent Bitcoin and Nostr merchandise creators can sell their products for free at the festival's pop-up market. Workshops will demystify Bitcoin skills.
Expert healers offer massage, cold plunge, and bio-scan treatments. The festival is in Costa Rica, known for its jungle and plant medicines. Additional activities include obstacle courses, yoga, workshops, and a beach party. Uvita offers beach and adventure activities, and deep-sea fishing is available in the Bitcoin Jungle.
Check out this 90-second trailer from last year’s Bitcoin Freedom Festival event.
Thank you,
Swan Team
Not in town for this? Check out all the Bitcoin events at bitcoinerevents.com.
Meme of the Day
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