You’re fucked if you let others hold it for you
Discussion
Sometimes, sometimes you’re fucked if you hold it yourself too and for example lose the keys. That barrier of entry is over now. You can fight it like the ops or accept we are in a new era of btc
I know Rand0, but I can’t help caring. It annoys the fuck out of me. I want people to find self sovereignty in their lives 🤷♂️
Would you feel bad if you pushed holding your own keys on someone and they lost it all? Not everyone is like us. Normies need btc too
I want to promote learning and self reliance with all aspects of life. Health too
People who hold their own keys are rare. Those using multisig are even rarer.
My parents don’t want to hold their own keys, and 75% of my friends don’t either. If we’re serious about Bitcoin adoption, there needs to be an option for them.
We can’t keep saying that Bitcoin is for enemies, that no one controls it, and that it’s an open protocol anyone can use how they wish—only to complain when people use it through a different method.
ETF adoption is Bitcoin adoption. It’s simply another step in the process. If in the future it gets confiscated, a fork occurs, or something else happens, people will adapt and learn.
Some people like living in a cage where they’re fed on time and their risks are limited. It’s not my place to tell them to leave the cage. All I care about is that the cage remains unlocked, so they can leave whenever they want. As long as that option is available, that’s good enough for me.
That’s not what I’m saying at all. You’re talking about fiat version of Bitcoin adoption. That is just another asset allocation in legacy theft World. I don’t care about that. It was always going to happen. But what blows many people’s minds is when they actually grasp keys and self sovereignty and no middle man. It clicks. This is what Saylor/Fink want anyone new to forget all about. This is regulatory capture on steroids.
I’m with you on this being a fiat/Bitcoin adoption play, but I don’t think it’s necessarily a bad thing. That's probably where we disagree.
What will attract people to the technology is the fiat number going up. While we've spent thousands of hours studying Bitcoin, most people haven’t. We understand the value of self-sovereignty; they don’t. All they care about is the fiat value increasing, and that’s the hook—not all the other things we prioritize.
I was talking to a friend about Bitcoin last weekend, and he felt it was overwhelming and too complicated. For someone like that, buying the ETF is a good way to ease them into it.
Ease them into what though, just another fiat allocation. NGU until it’s confiscated. Not a great learning curve to never know self sovereignty. It is what it is. I just always advise a small buy to watch volatility and learn self custody whilst doing so. It’s not hard
thinking about his "apple stock" comparison, i would have liked to push back and ask: the Apple market cap was never projected to grow like bitcoin market cap as he says "half of the value of everything" later in the interview.
26:30
"I don't think we have to worry about Bitcoin held in custody being seized by the government any more than you have to worry about your Apple stock being seized by the government because the government doesn't need to devalue the dollar against Apple stock to print more dollars..."
You are fucked if you use Bitcoin, thanks to public ledger and KYC