Which is why we must convert as many people to self-custody as possible. Bitcoin can avoid gold's paper fate only if people actually take custody themselves.
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I think that is only half the equation in the battle. The other half is to continually buy on exchanges and take the bitcoin off the exchange immediately. Always.
But that is only the battle, it’s not the war. The war is to teach everyone that what they exchange and don’t hold keys to are not bitcoin at all. It’s not even “paper bitcoin,” and anyone who thinks it the same has missed the thread.