Can someone give me a single, practical, material benefit that a normative person enjoys by self-custodying their Bitcoin?
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What is the material, practical gain?
Sounds immaterial. More ideological.
If its not obvious, then just use coinbase or strike. The real problem is there is no obvious reason, and plenty not to, help you(them) do this.
Well the freedom to own your energy and time is material
Even giving out reasons, risks me, risks you.. Plenty of risk, FOR WHAT 5 dollar? 😂fml
So they'll save time by self-custodying? What about all the learning required to do it correctly?
Takes time but not as much time as is stolen by fiat system from your paychecks.
the opportunity to learn about cryptographic security and operational security, something that everyone else pays so much for that it creates billion dollar corporations.
smug satisfaction mainly, but also sticking it to the man.
exploiting this desire to be independent is pretty sick tho. they built this bug in their shit and were privately exploiting it for years to live high on the hog and now some outsider dug through the code and went completely nuclear on it.
lessons to be learned? you only have yourself to blame when you trust other people with your shit.
thus reinforcing the importance of self custody. the distinction is that everyone has learned that they have to do a lot more work to actually achieve this.
None of this is material or practical
Changing the profile of the tail risks you're taking on is always material and practical. Whether that profile is right for you just depends.
When you absolutely need to make a bitcoin transaction, and you need that transaction to get mined, self custody is the only way to guarantee you can make that happen.
what is a normative person?
That's crazy. Hey did you catch the game?
"they" said that about almost every technology ever. "too complicated" "too dangerous" meanwhile today people are driving cars around relatively safely, riding motorcycles and not dying in anywhere near the numbers that the doomsayers said.
what makes you think that this new technology is any different from cars or motorcycles exactly? or are you just finding pleasure in dooming?
same mentality with the skynet everyone loses their jobs dooming about AI. still waiting.
Okay how about ypu finish this sentence with less than 5 words:
My wife caught me rolling dice in the basement. I explained that I was setting up self-custody Bitcoin. When she asked me why I was doing that, I simply said "____________ _________ ____________ ______________ ____________ ____________."
What does self-custody have to do with that? I can enjoy those same benefits of Bitcoin with a trusted custodian.
I don't run into a lot of normative American grown ups that absolutely must make a Bitcoin transaction at any given time.
I am a tax evasion enjoyer.
The IRS can't get my stack easily.
I enjoy turning fiat into FU money.
Other than that... 🤷♂️
Changing the goalposts are we? That's the actual benefit of self custody, believe it or not.
Just means we get to stay special for the next decade or so.
Permissionless.
I don't need anyone to do anything besides a miner act in their own financial interest.
Nope, you always have the threat of a 6102 for starters
pal....
it is sovereign capital,
sovereign liquidity,
sovereign contracts,
sovereign payments,
sovereign knowledge of assets,
sovereign all-time available capital,
a sovereign new form of organization,
sovereign atomic swaps with other chains, ...
Lmao if you don't see the benefits of owning it.
they get all the same material benefits of bitcoin that anyone else gets
My company's bank account has to go through a dreadful KYC process EVERY SINGLE YEAR. One question is: does the company belong to you?
When I tell them "yes nothing changed" and provide evidence they tell me that this is no sufficient. The document needs to be no older than 90 days. If I freshly print out the registry entry as PDF document they tell me they need to have the document to be created by a third party with a record number.
They even want proof if my domain belongs to me even though I paid for it using the same bank account years ago.
You can't make this shit up.
Everyone should absolutely hate KYC. It's the worst thing these fasict assholes created to control people. It needs to be abolished. Anyone who was involved in creating this must go to prison. Maximum sentence. And I am not joking.
Adrenaline
If you get it right you will enjoy freedom in a way you never could without.
why did rich nostt ask that?
I'm a nerd. Please ignore me.
Ownership.
So out of fear
I don't want to be special. I want to make normal frens and show them how to be rich.
Allodial title / property rights
Normative people don't self custody Bitcoin. You have to be an idiot to self custody Bitcoin.
Previous idiots include the Rothschilds, Rockefeller, Cecil Rhodes, Arthur Balfour and L. Ron Hubbard and Elon Musk.