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Replying to Lucky Kite

90% of of sats are not self custodied. The cantillionaires are laughing at you, selling you their traceable, impossible-to exchange-for-actual-goods-without-KYC, non-currency. Bitcoin is a lot of cool things, but what it isn't at any scale is permissionless, private or spendable on real goods and services without KYC. Fiat cash beats it on all of those measures. Its sad how in denial Bitcoiners are about this. They have been conned into using the most restricted and traceable financial instrument there is, its little more than a CBDC.

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Systemling32 1y ago

Public data shows that there are around 1.8 Mio BTC on exchanges and another 880.000 in the ETFs. Where are you getting your 90% of custodied coins from? Other way around is more accurate.

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Lucky Kite 1y ago

I was referring to sats sent on the lightning network.

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