Boris on Nostr: If majority has to use custodians, the government can enforce the custodians to ...

If majority has to use custodians, the government can enforce the custodians to comply with central bank regulations. That is why to end central banking it is essential to provide an affordable and easy path for masses to self-custody their sats.

Old bitcoiners don't seem to care enough about nocoiners who won't be able to own an utxo soon, even if they want, unless Bitcoin scales better. They think "I can pay the onchain fees, my wealth goes up together with the fees". They should think twice, because Bitcoin is more valuable if it is not controlled by governments, which is only possible if the majority of users self-custody coins. Otherwise even rich bitcoiners will have to pass KYC and AML processes to spend Bitcoin, because a seller of goods is likely to use some custodian, which is likely to be controlled by the state.

So even for old egoist bitcoiners it is rational to support some safe scaling solutions, which do not undermine the core properties of Bitcoin.