Which form of money is more under self custody ?
#askNostr
#bitcoin or #gold
Which form of money is more under self custody ?
#askNostr
#bitcoin or #gold
BTC! Btc > gold
Do you have some data as the basis for this ? Or a gut feel ? .. please don't get me wrong ..gut feels are important too ..
1 btc já vale mais que 1kg de ouro, mas você não pode transportar fora a deflação etc etc
Yes. .. in the grand scheme - one btc will be = 10 kilos of gold .. because there are 21 million bitcoin and there will be 210 million kilos of gold .. give of take
My hunch is Gold is more under "Self Custody" because Indian and Chinese citizens hold privately hold around 60,000 tons of gold - in self custody .. then most nation states have Strategic gold reserves under self custody .. for example US SGR holds gold in self custody at Mt Gawks .. The gold ETFs are a very small fraction of total supply ,. v/s bitcoin held on exchanges through ETFs or otherwise !
define "self custody" ..
In this case I think gold, cos you dont own "physical" bitcoin, just a key to spend certain UTXOs.
Every node runner technically "owns" all bitcoin, just cannot spend most of them.
Good point on all UTXOs being available on every node with a limitation on what I can spend
Self Custody to me is not about physical or digital or UTXOs .. it is about - does the real owner hold it under direct control or a third party (human) holds it on my behalf .. if I hold my UTXOs in say a coldcard ..I self custody bitcoin ...