This is a brilliant assessment of the situation. Ngu mentality is leading to state capture of the asset. Won’t be much difference between CBDC and KYC bitcoin in the end. Prepare accordingly
That's maybe part of it. I see bitcoiners adopting the language of those who seek power over them. Saying things like "custodial" and "self custody" is the account-based world Davidson is talking about. Bitcoiners manifested it.