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.
your point has many holes, but I'm too lazy to point them out. All I'm saying the sat you sent to saylor, did not go to saylors custody
self custody is not a spectrum
Define "custody"
I don’t agree that self custody is a spectrum. Either you have the keys to unlock the Bitcoin on the blockchain or you don’t.
'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.
