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Let’s face it self custody isn’t hard. It’s that most people lazy and don’t want to deal with it.

In the western world if you can figure out how to open a bank account, you can learn how to self custody #Bitcoin

There is so much content on this issue on the internet that there is no excuse to why people can’t learn. I wish content creators would stop giving a pass to newcomers.

By saying self custody is difficult or hard to understand, you are implying that Bitcoin is too hard to learn and use. It’s by far more easy to use than fiat dollars. Trying moving dollars from bank account to bank account in 10 mins, you can’t.

Bitcoin is easy. Fiat is hard.

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Discussion

mike 1y ago

Agreed

mattybs 1y ago

I think it's less that self-custody is hard, it's that it's scary.

BTCrevolutionary 1y ago

But it shouldn’t stop you from trying with small amounts and content creators should stop saying that’s its hard and that’s why adoption isn’t where it could be.

Alex B. 1y ago

>In the western world if you can figure out how to open a bank account, you can learn how to self custody #Bitcoin

Lol no. To open a bank account you:

1. pay someone to do it for you

2. trust them to manage it.

In either case you don't have much liability at all or room to fuck up because a professional is paid to do all the work and you can sleep safe knowing you can sue them if they lose your money (or ask to rewrite the fiat chain).

Self custody requires responsibility and vigilance.

BTCrevolutionary 1y ago

My point was you have the intellect to understand #Bitcoin if you can open a bank account

Btw it far easier to generate a BTC address than go online and/or go to bank and open account. The mental framing around Bitcoin should be that it’s easy and that fiat is hard to use.

Alex B. 1y ago

But it's just not the case.

It's much harder to securely generate a private key and back it up than it is to open an online account I don't know what you're talking about.

BTCrevolutionary 1y ago

Most wallets will generate one for you…. This should be ok for the average user… how is it hard to back up your private key? There are tons of solutions out there

Alex B. 1y ago

>how is it hard to back up your private key? There are tons of solutions out there

given the billions of dollars lost in self-custody, I'd say moderately hard.

you seem to have little idea hoe often people fuck up this very "simple" step

BTCrevolutionary 1y ago

Well if self custody is that hard where they can’t keep 12 words safe, do we have any hope this project will succeed in becoming the world’s money??

Alex B. 1y ago

Absolutely. We don’t need everyone to self custody for Bitcoin to be successful.

Heck most people won’t be able to afford self custody anyways.

BTCrevolutionary 1y ago

I’m a self custody maxi lol.. The idea of some else holding my Bitcoin makes me shudder.. but if that works for some people… what can ya do