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‚#Bitcoin eliminates the need to use a third party to hold your funds to ask permission to spend or receive funds and provides a truly global payment system.‘

‚Do people who take self-custody lose their funds?

Absolutely, there have been plenty of cases of this, but when compared to those who have lost funds via custodians, the ratio speaks for itself; it’s 1000 times more likely.‘

https://thebitcoinmanual.com/articles/digital-asset-custodian/

👉NOT YOUR KEYS, NOT YOUR BITCOIN.

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Discussion

Space Hodler 2y ago

It's not only about how much less likely it is, but also that it's in your hands.

If you're responsible and smart about it, it's much less likely than even that.

It is therefore extremely appealing to people who possess certain traits, and encourages the development of those traits in those who don't.