Proof-of-reserves (and liabilities), since It's practically impossible, assume paper bitcoin. FTX was a darling too. The price suppression schemes will keep happening till self-custody improves.

Replies (8)

Proving once again that there's Bitcoin and there shitcoin. The only Bitcoin is the Bitcoin you self custody.
Most people I talk to don't even know what self custody means. It's such a foreign concept. It doesn't even register in their brains because every where they keep their money requires trust from a third party to not steal it from them or rehypothecate it.
Wonder if it's a terminology thing? If it was simplified to Be Your Own Bank meaning you actually hold the Bitcoin maybe something along those lines would resonate better? Get the BTC marketers on it.
I’m only hodlin the real thing. People need to step the fuck up and take some personal responsibility. It’s not that hard. Even old guys can do it.
No problem. Ill keep stacking cheaper sats while i can then
Hajisats's avatar
Hajisats 1 year ago
In your estimation, what percentage of the UTXO held by individuals is in cold storage?