Bitcoin self custody isn't just about being a paranoid mountain man. There are many long-term negative ramifications to convincing people to trust third party custodians.
1. Centralizing coins into a few hands increases systemic risk of loss and seizure.
2. Bitcoiners get disenfranchised from participating in governance activities like running nodes or trading forks.
3. Ossification arguments are strengthened because institutions don't care about more advanced cryptographic features.
4. Permissionless scaling gets deprioritized because we can just scale via trusted third party IOUs.
Self custody is not merely important to individual bitcoin holders. It's important for the continued strengthening and improvement of the entire network.
- Jameson Lopp
$MSTR is the only trade in the world that is simultaneously long global carry and short global carry
A valuable thing that represents pure financialization of the hardest asset in the world, capitalizing on both global liquidity and scarcity.
Bitcoin's volatility is a feature, not a bug. You will need to spend at least a hundred hours to understand #bitcoin to have the conviction to HODL. That is how you 100x when other people still don’t understand it. When it becomes easy, it will already cost millions of dollars a coin, you won’t be able to afford it.
