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I think my most controversial opinion on #bitcoin is that we wrongly conflate Self Custody and Decentralisation of the network as the same thing.

I did try and convince people of this at Cairns Bush Bash, but didn't find a good way in.

If anyone wants to argue this it may help me sharpen my sword.

Slimey Limey 10mo ago

I think I figured out the difference fairly soon in my time on Bitcoin.

Decentralisation is about making the network antifragile, by hosting multiple copies of the blockchain; as a node runner I get some personal benefits around privacy of my transactions and services I run and use. But, mainly is a thing I do to be involved in this protocol and protect the info we all need.

On the other hand self custody, is 99% a selfish approach towards saving your secret and the Bitcoin attached to it… and I don’t mean selfish in a negative way.

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