Replying to Avatar gsovereignty

Custodians, ETFs etc can print Bitcoin for free, so there's no 21 million cap on supply unless people demand to hold their own coins.

There's currently no compelling reason for the vast majority of people to hold their own coins, in fact it makes more sense to use a custodian and have a guaranteed offramp.
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TeslaLiberty 1y ago

You just made the compellling case in your first paragraoh

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gsovereignty 1y ago

That's compelling for us, not for 99% of people. For them, money is a proxy to products/services, not an ideology.

Guarunteed offramps into the real economy are more valuable to them than self custody.

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deleted 1y ago

i feel and agree with the spirit of your take, but such a function would be impossible...and in fact to force individual ownership of cryptographic keys would only be possible with a centralized authority in charge to enforce. thus, the only option is for a critical mass of people to actually want to hold their own keys.. and that may not happen.