Just so you know its ok if you have coins on exchange, it is not ok if you don't know why you shouldn't
There's a time and a place, remember all Bitcoin is held is self custody.
Discussion
I cant agree with you on this one, isnt ok to have coins on exchange, isnt even ok to use exchanges(centralized).
If you use it, and even get out the coins to a self costudy wallet you will be a target of chain analyse, and you coins will have KYC.
The big problem is KYCing yourself and not get rugged by the exchange.
My stack is kyc. Over months my dca slowly accumulates when it hits 1m sats I send it out to self-custody. To help with uxto management.
I think that accumulation is more important than privacy at this point. I understand the risks of rugs and the gov knocking.
The thing is you can accumulate the same amounts without using a centralized exchange and its the same effort than doing it in centralized exchanges.
Why do you use a less sourvegn way to stack if their are better tools to do it?
In my opinion privacy matters more than accumulation, because the regulatory environment is getting worse day by day and if they ban the self-custody the first targets will be the people that show they are buying and where their bitcoin are.
It really does just 'click' one day, I left a significant portion of my balance on an exchange at one point; even years into running my own node.
One day I woke up and was like: "this makes no fucking sense"
While I wouldn't want anyone jumping into self-custody before they're ready, but imagine the nightmare if the exchange failed before it 'clicks' 😱
Nightmare fuel
The exchange is a bus depot. It holds while every sat collects and pays for its ticket them once full the bus leaves for no one to ever come back.
I think most nostr bitcoiners are savy enough to know.
More likely twitter Facebook users that don’t understand self custody wallets 😬