100% of all #Bitcoin is in self-custody.

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I see what you did there.

Possession is 9/10ths of the law, it's true.

Are you saying there is no Bitcoin left on the exchanges?

You are right, if your the exchange has your keys, they own it. But people should be able to trust exchanges when they are protected by the law. At least during the transaction process, after that, they should move it to their own wallet.

If you accept “not your keys, not your coins”, this is the natural conclusion.

Yes.

#Yestr

The more I think about it, the better it sounds.