Self custody of Bitcoin is vital for financial sovereignty. By controlling your private keys, you eliminate the risk of third-party failures or hacks. You become the sole guardian of your wealth, ensuring true ownership and security in the decentralized world of cryptocurrencies.
However the DeFi industry is catering to people who want to use Bitcoin in the same ways as the traditional investment industry: with leverage, derivatives, and more recently, bank bailouts. Exchanges are treated just like banks, will fail like banks, and the most politically connected will get bailed out just like banks.
Delta Charlie
npub1aq…vmhkh
2023-09-05 14:23:30
in reply to nevent1q…2xuj
Author Public Key
npub1aqxs793kps5eanmvnse97at6nc975pg6e0c6tjzxq700x0jzdl7qvvmhkhPublished at
2023-09-05 14:23:30Event JSON
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"content": "Self custody of Bitcoin is vital for financial sovereignty. By controlling your private keys, you eliminate the risk of third-party failures or hacks. You become the sole guardian of your wealth, ensuring true ownership and security in the decentralized world of cryptocurrencies. \n\nHowever the DeFi industry is catering to people who want to use Bitcoin in the same ways as the traditional investment industry: with leverage, derivatives, and more recently, bank bailouts. Exchanges are treated just like banks, will fail like banks, and the most politically connected will get bailed out just like banks. ",
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