A dental practice with $1M EBITDA using single sig self custody is entirely impractical. A business like that likely has multiple physicians shareholders. Even in a multisig setup, what do they do each time a shareholder retires and gets bought out of the partnership? It is not yet practical to expect the quorum to rotate keys every time a new shareholder enters or exits. Unfortunately I think the current best approach is a reputable trusted custodian or multi institution custodian type setup.
“Not your keys, not your coins.”
Self-custody means trade-offs—but it’s the only way to truly own Bitcoin.
Individuals: use hardware wallets + backups.
Institutions: multisig + proof of reserves.
No keys, no control.
nostr:nprofile1qqsqfjg4mth7uwp307nng3z2em3ep2pxnljczzezg8j7dhf58ha7ejgeyqy52 and nostr:nprofile1qqsqyredyxhqn0e4ln0mvh0v79rchpr0taeg4vcvt64te4kssx5pc0smkyggq discuss the endgame of defending the free and open network of Bitcoin by securing your own custody at CTS25.
Read our full Bitcoin Custody in 2025 White Paper: https://bitcoinpark.com/custody-whitepaper
Watch the full conversation:
https://blossom.primal.net/a88df56b1596dab7dae6713d0d27154df7453bfee8b931c66f643f0efda2fd6d.mp4
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