Dan on Nostr: Self custody is a basic right to hold your money on your own with no one or nothing ...
Self custody is a basic right to hold your money on your own with no one or nothing in the way of you doing what you want with it.
An example: A $20 bill in your pocket is self custody. It's totally private and controlled by you and you only.
A bank debit card or credit card is the opposite. Those can be turned of at the whim on another for any reason they want.
Gold coins, silver coins, cash, in your pocket, are all self custody money. Now, bitcoin held properly, is self custody money.
The left desperately needs to get rid of self custody money for many of the same reasons they loath the second ammendment.
An example: A $20 bill in your pocket is self custody. It's totally private and controlled by you and you only.
A bank debit card or credit card is the opposite. Those can be turned of at the whim on another for any reason they want.
Gold coins, silver coins, cash, in your pocket, are all self custody money. Now, bitcoin held properly, is self custody money.
The left desperately needs to get rid of self custody money for many of the same reasons they loath the second ammendment.