pretty sure the path to hyperbitcoinization is constant rugs until most people self custody
Discussion
yes
Frug it
Nah. the government will bring more pain than individual error
Self custody is the only solution for the future. How we get there is a long painful matter. My advice is to plain for war. The money makers will never be happy till we crush them. balls up.
Sometimes people need to learn the hard way.
So many issues with self custody for the average person. Work to be done
The strong survive and the prepared thrive.

Rugsy Bogues
And a good large scale rug pull needs at least 5 years since the last one so enough people have forgotten. And it appears we are more dumb than I estimated so need many more rug pulls before people finally learn. What I mean is, its gonna take a while.
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Everyone will eventually either humble themselves enough to start stacking sats, or be compelled to be humble when they have experienced enough pain.
"๐๐ฏ๐ฅ ๐ฏ๐ฐ๐ธ, ๐ข๐ด ๐ ๐ด๐ข๐ช๐ฅ ๐ถ๐ฏ๐ต๐ฐ ๐บ๐ฐ๐ถ, ๐ต๐ฉ๐ข๐ต ๐ฃ๐ฆ๐ค๐ข๐ถ๐ด๐ฆ ๐บ๐ฆ ๐ธ๐ฆ๐ณ๐ฆ ๐ค๐ฐ๐ฎ๐ฑ๐ฆ๐ญ๐ญ๐ฆ๐ฅ ๐ต๐ฐ ๐ฃ๐ฆ ๐ฉ๐ถ๐ฎ๐ฃ๐ญ๐ฆ ๐บ๐ฆ ๐ธ๐ฆ๐ณ๐ฆ ๐ฃ๐ญ๐ฆ๐ด๐ด๐ฆ๐ฅ, ๐ฅ๐ฐ ๐บ๐ฆ ๐ฏ๐ฐ๐ต ๐ด๐ถ๐ฑ๐ฑ๐ฐ๐ด๐ฆ ๐ต๐ฉ๐ข๐ต ๐ต๐ฉ๐ฆ๐บ ๐ข๐ณ๐ฆ ๐ฎ๐ฐ๐ณ๐ฆ ๐ฃ๐ญ๐ฆ๐ด๐ด๐ฆ๐ฅ ๐ธ๐ฉ๐ฐ ๐ต๐ณ๐ถ๐ญ๐บ ๐ฉ๐ถ๐ฎ๐ฃ๐ญ๐ฆ ๐ต๐ฉ๐ฆ๐ฎ๐ด๐ฆ๐ญ๐ท๐ฆ๐ด ๐ฃ๐ฆ๐ค๐ข๐ถ๐ด๐ฆ ๐ฐ๐ง ๐ต๐ฉ๐ฆ ๐ธ๐ฐ๐ณ๐ฅ? ๐ ๐ฆ๐ข, ๐ฉ๐ฆ ๐ต๐ฉ๐ข๐ต ๐ต๐ณ๐ถ๐ญ๐บ ๐ฉ๐ถ๐ฎ๐ฃ๐ญ๐ฆ๐ต๐ฉ ๐ฉ๐ช๐ฎ๐ด๐ฆ๐ญ๐ง, ๐ข๐ฏ๐ฅ ๐ณ๐ฆ๐ฑ๐ฆ๐ฏ๐ต๐ฆ๐ต๐ฉ ๐ฐ๐ง ๐ฉ๐ช๐ด ๐ด๐ช๐ฏ๐ด, ๐ข๐ฏ๐ฅ ๐ฆ๐ฏ๐ฅ๐ถ๐ณ๐ฆ๐ต๐ฉ ๐ต๐ฐ ๐ต๐ฉ๐ฆ ๐ฆ๐ฏ๐ฅ, ๐ต๐ฉ๐ฆ ๐ด๐ข๐ฎ๐ฆ ๐ด๐ฉ๐ข๐ญ๐ญ ๐ฃ๐ฆ ๐ฃ๐ญ๐ฆ๐ด๐ด๐ฆ๐ฅโ๐บ๐ฆ๐ข, ๐ฎ๐ถ๐ค๐ฉ ๐ฎ๐ฐ๐ณ๐ฆ ๐ฃ๐ญ๐ฆ๐ด๐ด๐ฆ๐ฅ ๐ต๐ฉ๐ข๐ฏ ๐ต๐ฉ๐ฆ๐บ ๐ธ๐ฉ๐ฐ ๐ข๐ณ๐ฆ ๐ค๐ฐ๐ฎ๐ฑ๐ฆ๐ญ๐ญ๐ฆ๐ฅ ๐ต๐ฐ ๐ฃ๐ฆ ๐ฉ๐ถ๐ฎ๐ฃ๐ญ๐ฆ ๐ฃ๐ฆ๐ค๐ข๐ถ๐ด๐ฆ ๐ฐ๐ง ๐ต๐ฉ๐ฆ๐ช๐ณ ๐ฆ๐น๐ค๐ฆ๐ฆ๐ฅ๐ช๐ฏ๐จ ๐ฑ๐ฐ๐ท๐ฆ๐ณ๐ต๐บ."
-Alma 32:14-15
Constant rug pulls are the best way forward. The government stepping in to โhelpโ wonโt work. Never has
Look at the War on Drugs. Nobody thinks you should use heroin, but the government has given a monopoly to some of the shadiest drug dealers in the world.
At least with a drug dealer, you know youโre getting heroin or fentanyl and it can kill you
When a pharmaceutical company gives you heroin, you trust them because theyโre approved by the government
Words of wisdom my friendโฆโฆ
100% + education
One of these rugs will really tie the room together.
Seems like it
The current number of people who hold coins in self custody is the current number of people who are willing to overcome the friction involved with doing it. Ledger has the largest share, and despite all its problems, it has a great UX for new users. #Bitcoin only app builders should take note.
Sad but probably true
is self custody really that hard?
Best learning practise for most in a decentralised world is making all the mistakes (school of hard knocks) and surviving your way to the future.
Mandibles then self custody
I self custody to rug the government
You knowโฆ scammers who rugpull are probably pretty hardcore about self custody.
Hold your own coins or someone else will!
Don't forget authoritarian leaders nationalizing banks, explicitly devaluing currency, and implementing CBDCs and Social Scores!
So the scammers actually *promote* the hyperbitcoinization? ๐ค๐ค๐ค