Who benefits and is incentivized to self-custody? Those with some technical abilities who are concerned about protecting themselves from existing or future government oppression.
Who benefits and is incentivized by custodial services? Governments, banks, corporations, financial institutions, yield seeking investors, sovereign wealth funds, those with limited technical capability, those wanting to hold bitcoin in a tax advantaged account, 99% of the world’s money.
If a bill were passed that ensured bitcoin is legal to use as long as it’s custodial would most of the world care?
Wouldn’t Larry Fink call the politicians on his payroll and tell them to support such a bill to increase flows to his ETFs?
mulecolt / Mulecolt
npub109…kp0tx
2024-10-23 14:05:15
Author Public Key
npub10997w3qsyvsvtdrmmzys0wvy9aumz6u29jpdkzdq95h6xpf0h69s2kp0txPublished at
2024-10-23 14:05:15Event JSON
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"content": "Who benefits and is incentivized to self-custody? Those with some technical abilities who are concerned about protecting themselves from existing or future government oppression. \n\nWho benefits and is incentivized by custodial services? Governments, banks, corporations, financial institutions, yield seeking investors, sovereign wealth funds, those with limited technical capability, those wanting to hold bitcoin in a tax advantaged account, 99% of the world’s money. \n\nIf a bill were passed that ensured bitcoin is legal to use as long as it’s custodial would most of the world care? \n\nWouldn’t Larry Fink call the politicians on his payroll and tell them to support such a bill to increase flows to his ETFs?",
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}