More humans holding Bitcoin self custody is indisputably a good thing.

Slow, careful improvements to facilitate and scale self-custody, over time (with an abundance of caution for potential negative externalities) is perfectly acceptable.

Even if a fraction of humanity held Bitcoin in self custody, but using Bitcoin as a unit of account, store of value, and medium of (large-scale) exchange became the global norm, it would dramatically reduce central banks’ control/use of fiat currency, thereby reducing the systemic rot that fiat money inevitably becomes.

It would still lower society’s time preference, improve privacy (eCash banks, etc), and override our current system’s corrupt incentives that drive capital misallocation.

Yes, scaling self-custody to everyone is good. We should strive toward that ideal, and we will get closer and closer as the years go on.

But even if we don’t get “all the way there”, humanity is still going to be exponentially better off, simply from Bitcoin’s continued adoption and the low-time-preference impact it will have.

Blend your passionate drive with your big-picture zen. We’re winning.

It’s working.

#bitcoin #showerthought #exhale