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Self custody is a spectrum not absolute. That is my point.

1 sat on a primal wallet is bitcoin. 1 share of a Bitcoin ETF is not bitcoin. Then there is everything in between. That’s a feature not a bug of decentralization.

If you can use it as money it’s great. If you can control the keys - that is best. But hoarding bitcoin and accusing others of doing it wrong is hypocrisy while you spend fiat.

Judge Hardcase 1d ago

'self' is absolute; not a spectrum.

'custody' is a spectrum - ranging from self custody to collaborative custody to full 3rd-party custody.

Then, there's the additional issue of what is being custodied: bitcoin or an IOU.

Personally, I think the full spectrum from self custody bitcoin to full 3rd-party custody of IOUs can have utility... it's just important to understand the trade-offs. If you can use it as money it's great. If you wanted to use it as money, but you were rebuffed for whatever reason by the 3rd-party you were relying on to honor an IOU, then that's the trade-off you chose to live with.

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Metteyya 1d ago

There is no self, so there cannot be an absolute self. It is a construct of the mind. The self is the ego.

An analogy for this is a mirage in a desert.

You see water shimmering ahead - it looks completely real, you feel thirsty for it, you’d fight to reach it. But when you get there… nothing. Just heat waves. The ego/self is like that mirage. It looks and feels super real (especially when you’re angry, afraid, proud, or craving), but there’s no solid, unchanging “you” hiding behind your thoughts, feelings, and body. It’s created by heat (conditioning, survival instincts, thoughts rubbing against each other).