What @gsovereignty said 👇, but Houston, we have a problem. “The first rule of [self-custody] is don’t talk about [self-custody].” To talk about self-custody is to reveal custody. When you become your own bank—YOU ARE NOW A BANK and the (numerous) Willie Sutton’s of the world have their eyes on you, be they: -independent thieves wielding wrenches or piloting computers (the latter being the bigger threat) -organized crime whether kidnappers, protection rackets, wealth extracting clans or tax harvesting governments (the latter two extracting “legally”) -the often miserable jealous public (sometimes including friends and family) who like ”crabs in a pot” will fight to stop you from getting ahead and revel when things go south. Existing in a highly hostile world with a legal system (see “wealth extracting clans above”) that most effectively serves itself, is driving us back to medieval time of castles, false walls to secret chambers, moats, draw bridges, parapets and canons is exhausting and seemingly for the few. In addition to the points made by @gsovereignty the conversation possibly needs to be cleaved into two distinct topics; exchanges (ouch) and wallets for the masses; vaults for the self-sovereign. Personally? I’m in Bitcoin and self-custody for the win. View quoted note →