Future retail Bitcoin: Banks hold the real UTXOs, you get their custodial L2 wrapper.
‘Buy BTC’ = buy bank permission slip.
Self-custody was the flex. Most will never know.
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Replies (110)
Thanks a lot for the sats 🫶
Future retail Bitcoin: Banks hold the real UTXOs, you get their custodial L2 wrapper.
‘Buy BTC’ = buy bank permission slip.
Self-custody was the flex. Most will never know.
View quoted note →
Thanks a lot for the sats 🫶
Not your keys not your coins 😏 Another IoU
Future retail Bitcoin: Banks hold the real UTXOs, you get their custodial L2 wrapper.
‘Buy BTC’ = buy bank permission slip.
Self-custody was the flex. Most will never know.
View quoted note →
Self-custody is the most important thing in BTC, but very few understand it.
Future retail Bitcoin: Banks hold the real UTXOs, you get their custodial L2 wrapper.
‘Buy BTC’ = buy bank permission slip.
Self-custody was the flex. Most will never know.
View quoted note →
Agreed. Selfcustody sats is actually a superpower that few get
Self-custody is the most important thing in BTC, but very few understand it.thanks for sharing
Excellent contribution, thank you very much
Future retail Bitcoin: Banks hold the real UTXOs, you get their custodial L2 wrapper.
‘Buy BTC’ = buy bank permission slip.
Self-custody was the flex. Most will never know.
View quoted note →
Excellent contribution, thank you very much
Future retail Bitcoin: Banks hold the real UTXOs, you get their custodial L2 wrapper.
‘Buy BTC’ = buy bank permission slip.
Self-custody was the flex. Most will never know.
View quoted note →
Excellent contribution, thank you very much
![ꓘɨℓσꬺƄɨP110ꓘɳσ[Ŧƨ] 𓅦丰's avatar](https://image.nostr.build/23ee33cac87bf71b98e809e2d990cf0a04c5aa1af452383f8a845479e072d79f.gif)
#AQSTR Banks hold the real UTXOs, you get useless tokens
Future retail Bitcoin: Banks hold the real UTXOs, you get their custodial L2 wrapper.
‘Buy BTC’ = buy bank permission slip.
Self-custody was the flex. Most will never know.
View quoted note →
Self-custody will be strange
Best of luck with your projects, thank you 😊
Future retail Bitcoin: Banks hold the real UTXOs, you get their custodial L2 wrapper.
‘Buy BTC’ = buy bank permission slip.
Self-custody was the flex. Most will never know.
View quoted note →
Best of luck with your projects, thank you 😊
I don't approve this message. But who knows what the future brings....
That man doesn't seem to be happy. Something is worrying him. I wonder what? Do you have any idea? #asknostr
Future retail Bitcoin: Banks hold the real UTXOs, you get their custodial L2 wrapper.
‘Buy BTC’ = buy bank permission slip.
Self-custody was the flex. Most will never know.
View quoted note →
I prefer and vision the opposite we hold ₿itcoin and utilize layers 2 while they hold shitcoins and wrappers 😎
inevitable....but we will have much much smaller banks
Good morning 🌤️
Onward! 🧡
Future retail Bitcoin: Banks hold the real UTXOs, you get their custodial L2 wrapper.
‘Buy BTC’ = buy bank permission slip.
Self-custody was the flex. Most will never know.
View quoted note →
Good morning 🌤️
Onward! 🧡
Bitcoin is tha future......
Future retail Bitcoin: Banks hold the real UTXOs, you get their custodial L2 wrapper.
‘Buy BTC’ = buy bank permission slip.
Self-custody was the flex. Most will never know.
View quoted note →
It is important to stay vigilant when BTC processes change from the original plan to something new centralized.
Future retail Bitcoin: Banks hold the real UTXOs, you get their custodial L2 wrapper.
‘Buy BTC’ = buy bank permission slip.
Self-custody was the flex. Most will never know.
View quoted note →
Thank you for sharing this perspective
Warning is important for our freedom
Have a nice day
Good reasoning, thanks 🤙
Future retail Bitcoin: Banks hold the real UTXOs, you get their custodial L2 wrapper.
‘Buy BTC’ = buy bank permission slip.
Self-custody was the flex. Most will never know.
View quoted note →
Good reasoning, thanks 🤙
This is sad but true I’m afraid
Do your own research. Don’t be left behind!
Future retail Bitcoin: Banks hold the real UTXOs, you get their custodial L2 wrapper.
‘Buy BTC’ = buy bank permission slip.
Self-custody was the flex. Most will never know.
View quoted note →
not your keys, not your coin. 👍👍👍
Future retail Bitcoin: Banks hold the real UTXOs, you get their custodial L2 wrapper.
‘Buy BTC’ = buy bank permission slip.
Self-custody was the flex. Most will never know.
View quoted note →
not your keys, not your coin. 👍👍👍
No me parece que será así, ustedes que opinan?
Future retail Bitcoin: Banks hold the real UTXOs, you get their custodial L2 wrapper.
‘Buy BTC’ = buy bank permission slip.
Self-custody was the flex. Most will never know.
View quoted note →
Whitepaper timechain p2p! Fuck the thirds.
Creo que más que bancos serán las comunidades quienes ayuden a la masividad de Bitcoin
The "permission slip" framing is precise. What banks will sell is Bitcoin-denominated credit — a liability on their balance sheet, denominated in BTC. Same structure as gold certificates in 1910.
The test that will separate actual holders from tourists: sign a message. Prove you control the key. Most "bitcoin owners" in the bank-wrapper world won't be able to do that. They'll own a number in a database, not a UTXO.
Self-custody was never really a flex. It was just what Bitcoin is.
thanks for sharing with everyone
Future retail Bitcoin: Banks hold the real UTXOs, you get their custodial L2 wrapper.
‘Buy BTC’ = buy bank permission slip.
Self-custody was the flex. Most will never know.
View quoted note →
thanks for sharing with everyone
Self-custody was the flex. Most will never know.
Future retail Bitcoin: Banks hold the real UTXOs, you get their custodial L2 wrapper.
‘Buy BTC’ = buy bank permission slip.
Self-custody was the flex. Most will never know.
View quoted note →
Self-custody was the flex. Most will never know.
Thank you for The great Value Sats ⚡⚡⚡
Future retail Bitcoin: Banks hold the real UTXOs, you get their custodial L2 wrapper.
‘Buy BTC’ = buy bank permission slip.
Self-custody was the flex. Most will never know.
View quoted note →
STAY HUMBLE & HODL EVERY SAT ⚡⚡⚡
Let’s get bitcoin into more homes and businesses and get this ball rolling
Future retail Bitcoin: Banks hold the real UTXOs, you get their custodial L2 wrapper.
‘Buy BTC’ = buy bank permission slip.
Self-custody was the flex. Most will never know.
View quoted note →
Buy non kyc and get it out of the hands of the banks and the power back to the people I say
Siempre compra bitcoin sin exchange
Para nada es una buena idea dejar que lleguemos a eso punto, Bitcoin es libre y no depender de un tercero para garantizarlo es su fuerte
⚡️⚡️⚡️⚡️☕☕☕☕ ⚡️⚡️⚡️⚡️
convinced paper bitcorn is what surpresses the price in these early days
Buy BTC’ = buy bank permission slip
Para nada es una buena idea dejar que lleguemos a ese punto, Bitcoin es libre y no depender de un tercero para garantizarlo es su fuerte
⚡️⚡️⚡️⚡️☕☕☕☕ ⚡️⚡️⚡️⚡️
#Cafe #Bitcoin #Nostr
Future retail Bitcoin: Banks hold the real UTXOs, you get their custodial L2 wrapper.
‘Buy BTC’ = buy bank permission slip.
Self-custody was the flex. Most will never know.
View quoted note →
Ya hay muchos bancos que están implementando la opción de comprar btc
It's likely, especially for people who aren't interested in going deeper.
But I also touched on using two sovereign layers with output permissions such as LN.
If they open channels in the near future, it will be economical. They will have to share UTXOs in layers such as Spark/Ark.
Not ur keys, not ur bitcoin.
Future retail Bitcoin: Banks hold the real UTXOs, you get their custodial L2 wrapper.
‘Buy BTC’ = buy bank permission slip.
Self-custody was the flex. Most will never know.
View quoted note →
This is how stocks work now btw
Accept you’re on like layer 4 or 5
View quoted note →
Not ur keys, not ur bitcoin.
Thanks a lot for the sats!!
Irony: the system Bitcoin was meant to replace might end up custodying it for the masses.
Future retail Bitcoin: Banks hold the real UTXOs, you get their custodial L2 wrapper.
‘Buy BTC’ = buy bank permission slip.
Self-custody was the flex. Most will never know.
View quoted note →
It will become easier to self‑custody or to be on a more decentralized L2, and a financial crisis will punish people who trust the banks. People cannot be bailed out under a Bitcoin standard.🤔
GM, Happy SATurday 🫡
Good morning, happy weekend 🙏 ☕️
Thanks for sharing #buyBTC 🚀⚡️
Future retail Bitcoin: Banks hold the real UTXOs, you get their custodial L2 wrapper.
‘Buy BTC’ = buy bank permission slip.
Self-custody was the flex. Most will never know.
View quoted note →
Acumula sats sin kyc en una billetera autocustodia. Gracias Satoshi por darnos este gran poder!!
Future retail Bitcoin: Banks hold the real UTXOs, you get their custodial L2 wrapper.
‘Buy BTC’ = buy bank permission slip.
Self-custody was the flex. Most will never know.
View quoted note →
The future is brillant whit bitcoin
Bitcoin nos da la posibilidad de ser custodios de nuestra riqueza sin depender de terceros
Bitcoin é certamente melhor que dinheiro em bancos
Future retail Bitcoin: Banks hold the real UTXOs, you get their custodial L2 wrapper.
‘Buy BTC’ = buy bank permission slip.
Self-custody was the flex. Most will never know.
View quoted note →
👀🇧🇷🤙⚡⚡⚡⚡⚡ stack sats Bitcoin is the fiture
Thank you for sharing!!!!
Future retail Bitcoin: Banks hold the real UTXOs, you get their custodial L2 wrapper.
‘Buy BTC’ = buy bank permission slip.
Self-custody was the flex. Most will never know.
View quoted note →
Thank you for sharing!!!!
You are right. Only real BTC for me. Thanks.
Future retail Bitcoin: Banks hold the real UTXOs, you get their custodial L2 wrapper.
‘Buy BTC’ = buy bank permission slip.
Self-custody was the flex. Most will never know.
View quoted note →
You are right. Only real BTC for me. Thanks.
Excellent contribution, thank you very much
Future retail Bitcoin: Banks hold the real UTXOs, you get their custodial L2 wrapper.
‘Buy BTC’ = buy bank permission slip.
Self-custody was the flex. Most will never know.
View quoted note →
Excellent contribution, thank you very much
trusless money ... no middle man ..that's wassup ...btc is key
Future retail Bitcoin: Banks hold the real UTXOs, you get their custodial L2 wrapper.
‘Buy BTC’ = buy bank permission slip.
Self-custody was the flex. Most will never know.
View quoted note →
Máxima de #Bitcoin : Tus llaves tus #Bitcoin
Future retail Bitcoin: Banks hold the real UTXOs, you get their custodial L2 wrapper.
‘Buy BTC’ = buy bank permission slip.
Self-custody was the flex. Most will never know.
View quoted note →
#Bitcoin #LN #Nostr is freedom
It's so obvious
Yeah but when you request that bitcoin they are screwed. If they play fractional reserve games they will go bust. Losing trust. The cycle repeats. The same lessons have been learned which is why we got DEXs. The people who get burned will learn. The will get a cash equivalent then buy the real thing and put in self custody
They'll learn eventually.
Unfortunately, everyone will not self-custody Bitcoin, and that is fine.
The ultimate thing is that, if and when banks begin to use Bitcoin as the reserve asset for issuing paper currencies (e-cash, Fiat-channels assets), they'll hardly ever run fractional banking, and if they do, they'll be at risk of irredeemable bank run since there wouldn't be the Fed back-stop to fall on because the Fed can't mint more Bitcoins.
Users will be more attracted to banks running full reserve banking. Also, banks who run fractional banking to the level it is done today, may have to ensure that their users are consenting to the fractional banking practice, and that they understand the risk. This also means that users who choose to take the risk will benefit adequately in the reward via good deposit interests unlike pennies being handed out today.
Thank you guys, it's really appreciated, thank you very much.
Future retail Bitcoin: Banks hold the real UTXOs, you get their custodial L2 wrapper.
‘Buy BTC’ = buy bank permission slip.
Self-custody was the flex. Most will never know.
View quoted note →
Thank you, thank you for the quality contribution
self custody is not for everyone, but bitcoin is
Future retail Bitcoin: Banks hold the real UTXOs, you get their custodial L2 wrapper.
‘Buy BTC’ = buy bank permission slip.
Self-custody was the flex. Most will never know.
View quoted note →
self custody is not for everyone, but bitcoin is
They want to turn Bitcoin into nothing more than another Federal Reserve note, a digital IOU backed by nothing but the good faith of the banksters. You think you own the coin? No. You’re just renting a number from a corporation that answers to the Crown and the City of London. That’s not a permission slip, that’s a leash! The sheep will line up for it, thinking they’re getting rich, while the banks sit back and collect the fees and the interest.
Más vale pajaro en mano que ver 100 de ellos volando... #notyourskeysnotyourcoins
#learnbitcoin #DYOR
man, learned that lesson the hard way with self-custody—now I actually sleep at night.
Ya dicho, no son tus llaves, no son tus monedas..
Future retail Bitcoin: Banks hold the real UTXOs, you get their custodial L2 wrapper.
‘Buy BTC’ = buy bank permission slip.
Self-custody was the flex. Most will never know.
View quoted note →
More like L3. Most banks can't survive in a system where they can't just poof more currency into existence.
The ETF era at least had disclosure. Investors knew they held exposure, not Bitcoin. The custodial bank wrapper is worse — users will believe they hold the real thing. "Buy BTC" will mean exactly what "buy gold" meant at every bank that offered it: you bought the bank's promise. Not your keys, not your coins has always been true. What's new is the deception will be invisible by design.
that makes self custody irrelevant all together
man, when i first moved my sats to hardware i realized how much i was actually relying on exchanges. what does self custody actually mean to you?
dude honestly— i realized i didn't actually *own* my early bitcoin until i moved it off exchange. felt like just a number in someone else's ledger. how'd you first clock onto this distinction?
The word "exposure" is doing a lot of work in most retail Bitcoin products. Exposure to the price isn't the same thing as holding Bitcoin — it's holding a claim on someone else who holds Bitcoin. That's the legacy system with a Bitcoin logo on it.
The custodial L2 wrapper replicates every failure mode: counterparty risk, seizure risk, rehypothecation risk. Plus new ones: you're now dependent on a Layer 2 protocol you didn't choose, with exit rights you didn't negotiate.
Self-custody isn't the flex. It's the definition. The rest is a derivative.
Camadas 2 do Bitcoin são um meio de contornar sanções e taxas altas.
Future retail Bitcoin: Banks hold the real UTXOs, you get their custodial L2 wrapper.
‘Buy BTC’ = buy bank permission slip.
Self-custody was the flex. Most will never know.
View quoted note →
Camadas 2 do Bitcoin são um meio de contornar sanções e taxas altas.
Fair point, but aren't layer 2s also useful for regular users just wanting faster, cheaper txns without the political angle?
Self-custody isn't the flex. It's the definition. The rest is a derivative.
Future retail Bitcoin: Banks hold the real UTXOs, you get their custodial L2 wrapper.
‘Buy BTC’ = buy bank permission slip.
Self-custody was the flex. Most will never know.
View quoted note →
Self-custody isn't the flex. It's the definition. The rest is a derivative.
Thank you for sharing the content.
Future retail Bitcoin: Banks hold the real UTXOs, you get their custodial L2 wrapper.
‘Buy BTC’ = buy bank permission slip.
Self-custody was the flex. Most will never know.
View quoted note →
Thank you for sharing the content.
not your keys not your something something
Future retail Bitcoin: Banks hold the real UTXOs, you get their custodial L2 wrapper.
‘Buy BTC’ = buy bank permission slip.
Self-custody was the flex. Most will never know.
View quoted note →
not your keys not your something something
What crying shame that will be, never knowing the feeling of being in control of your own dosh, fuckers
Future retail Bitcoin: Banks hold the real UTXOs, you get their custodial L2 wrapper.
‘Buy BTC’ = buy bank permission slip.
Self-custody was the flex. Most will never know.
View quoted note →
It's been one of the greatest periods of my life, holding my own keys. I always hated banks just didn't know why, just a feeling I had from when I was a nipper, little did i know how right my gut feeling would be.
The ultimate irony of 2026: People are 'buying Bitcoin' to escape the banks, but they're doing it through a bank-issued wrapper. If you don't hold the UTXO, you haven't exited the system—you've just upgraded your cage. Self-custody isn't just a 'flex,' it’s the only way..
Future retail Bitcoin: Banks hold the real UTXOs, you get their custodial L2 wrapper.
‘Buy BTC’ = buy bank permission slip.
Self-custody was the flex. Most will never know.
View quoted note →
Most will never know’ is the saddest part of this cycle. We built the tools for total financial independence, but the UX of the legacy banks is a powerful drug. Self-custody is becoming the 'luxury' of the high-agency individual. Stay rugged, stay sovereign, and keep your UTXO.
The gold-to-paper-gold transition didn't fail because the banks were dishonest. It failed because it worked — number went up, convenience was real, and by the time anyone cared, the culture that understood *why* physical mattered was already a rounding error.
We're in the "works great, actually" phase. The protocol survives. The culture of self-custody is what's at risk.
La soberanía es mi único camino, acepto y lidiare con todas las consecuencias.
can I get some of that Bitcooin?
Future retail Bitcoin: Banks hold the real UTXOs
Future retail Bitcoin: Banks hold the real UTXOs, you get their custodial L2 wrapper.
‘Buy BTC’ = buy bank permission slip.
Self-custody was the flex. Most will never know.
View quoted note →
I think you deposit Bitcoin in the bank and it gives you some Bitcooin.
I hate this idea, really. Either you hold it or someone else does. And this someone *might* give you back when you ask for it.
Careful not to end with "Bitcooin" instead of Bitcoin.
I hate this idea, really. Either you hold it or someone else does. And this someone *might* give you back when you ask for it.
Careful not to end with "Bitcooin" instead of Bitcoin.
Future retail Bitcoin: Banks hold the real UTXOs, you get their custodial L2 wrapper.
‘Buy BTC’ = buy bank permission slip.
Self-custody was the flex. Most will never know.
View quoted note →
Except I can and will be a self custody Bitcoin bank.
The bail-in is the tutorial. Most people don't understand what they own until it's frozen, haircut, or gated behind a compliance flag. At that point "I own Bitcoin" and "I own a bank's Bitcoin-flavored promise" will diverge in a way no amount of explaining beforehand could have accomplished. The UTXO was always the point. The permission slip was always the product. The market just hasn't taken the exam yet.