Ask not what your Bitcoin can do for you – ask what you can do for your Bitcoin
You cannot "own" #Bitcoin in the traditional sense of owning stuff. No matter what governments, courts, chain-anal people, or anyone else tells you, there is no way of proving that someone DOESN'T know a string of information such as a private key. From this perspective, satoshis aren't ever transferred but rather reorganized on the timechain for communication purposes. The twelve magic words do not belong to anyone. They're just twelve words. What Bitcoin makes so blatantly obvious is that money was never anything but information. A ban on "self-hosted wallets" is as absurd as a ban on using your brain. Such a ban would have severe consequences. It would deny you the right to keep a secret while granting the government the right to claim that you do, making everyone a criminal. YOU would have to prove that you DON'T know something, which is impossible. You would be guilty until proven innocent, which cannot be proven. Any law trying to stop or restrict Bitcoin usage is nothing less than a crime against humanity. IMHO, the Bitcoin community should do everything in its power to prevent such laws. Your ability to use a communications network shouldn't depend on where you were born. Do your part and educate as many people as you can as often as possible. Speech is never free but always costly. It's high time to separate speech and state!
Imagine, everything there is and everything that will ever be, divided by 21 million.
$ell, €xit, β‚Ώuy
Whether you like it or not, you ARE an "unhosted wallet." Few.
Must lesist ulge to post "Happy Yeal of the Gleen Dlagon." Some people might find it lacist.
How's your don't trade going?
SchrΓΆdingers cat jpeg - you only own it until someone observes it.
Bitcoins are finite. Blockspace (timespace) is not. This implies that transaction fees (denominated in sats) will perpetually trend downwards eventually.
There will never be more than 21 million #Bitcoin, but a new valid block of transactions is always out there somewhere. In other words - A Satoshi is scarce; arbitrary data on the timechain is not.