Terla's_Public_Followers_Feed

I do use my phone in my main custody setup but as a part of my multisig it's a 3 of 4 multisig where I have a tap signer, Jade not the plus version,Trezor model T and my phone. The multisig can be managed all on the phone using Nuchuck wallet. The setup always requires at least one hardware wallet to be available to spend funds making it so the phone plays a lasser role in the in the overall security of the multisig and is really there for most of the time as a watch-only and always to build transactions for future sending. I so far love this wallet setup and planning on upgrading some of the hardware wallets like switching the Trezor to a Coldcard Q or mk4.

### **Waiting Is Not an Option: The Scarcity Reality of Bitcoin Adoption** In an era dominated by digital innovation and financial uncertainty, Bitcoin has emerged as a revolutionary alternative to traditional currencies. Yet a dangerous assumption persists: that individuals can afford to wait for Bitcoin to achieve mainstream adoption before acquiring it. This essay argues that waiting is not just impractical but fundamentally impossible due to Bitcoin’s inherent scarcity, the fragility of credit-based fiat systems, and the growing divide between "paper Bitcoin" and the real asset. Those who delay risk being excluded from the financial future they envision. --- ### **The Scarcity Problem: There Aren’t Enough Bitcoins to Go Around** Bitcoin’s most defining feature—its capped supply of 21 million coins—is also its most misunderstood. As BlackRock’s statement highlights, even if every U.S. millionaire sought to own just **1 Bitcoin**, demand would far outstrip supply. Today, there are approximately **19 million Bitcoin** in circulation, with millions already lost forever due to misplaced keys or abandoned wallets. This scarcity is amplified by institutional adoption: corporations like MicroStrategy and nation-states like El Salvador now hold Bitcoin as treasury reserves, effectively locking away coins from public markets. For everyday individuals, this means **time is not on their side**. The narrative that Bitcoin will “stabilize” as it gains adoption ignores a critical truth: stability in Bitcoin’s price may only come when liquidity dries up. By then, the coins available for purchase could be limited to fractions (satoshis) at exponentially higher prices—or worse, exist only as speculative IOUs detached from the real asset. --- ### **The Credit-Based Trap: Why Fiat Systems Can’t Coexist With Bitcoin** The modern financial system operates on a precarious foundation: **approximately 90-95% of fiat money exists as credit**, unbacked by tangible assets. Sin…