Undisciplined on Nostr: Why Bitcoin Self-Custody Matters ...
Why Bitcoin Self-Custody Matters
https://odysee.com/@TraderUniversity:a/why-bitcoin-self-custody-matters:c?r=8T2xqWjtafHWYGxQBSsrbw1wQPm7sWRq
From Matthew Kratter's Bitcoin University
Video Description
> In this video, I discuss why self-custody (holding your own Bitcoin private keys and running a Bitcoin node) is important both for Bitcoiners themselves, as well as for the Bitcoin ecosystem as a whole.
> Self-custody teaches people how to be adults when it comes to their money. By contrast, fiat money is all about asking for permission to send a transaction, or help reversing a transaction.
> Self-custody leads to more decentralization of Bitcoin holdings, while putting power back into the hands of the people when it comes to protocol changes or forks.
> Bitcoin was created to be used as a bearer asset, so users should seek to take full advantage of this. Bitcoin is one of the very few assets in the world that doesn't have counter-party risk, if you hold your own private keys.
originally posted at https://stacker.news/items/738374
https://odysee.com/@TraderUniversity:a/why-bitcoin-self-custody-matters:c?r=8T2xqWjtafHWYGxQBSsrbw1wQPm7sWRq
From Matthew Kratter's Bitcoin University
Video Description
> In this video, I discuss why self-custody (holding your own Bitcoin private keys and running a Bitcoin node) is important both for Bitcoiners themselves, as well as for the Bitcoin ecosystem as a whole.
> Self-custody teaches people how to be adults when it comes to their money. By contrast, fiat money is all about asking for permission to send a transaction, or help reversing a transaction.
> Self-custody leads to more decentralization of Bitcoin holdings, while putting power back into the hands of the people when it comes to protocol changes or forks.
> Bitcoin was created to be used as a bearer asset, so users should seek to take full advantage of this. Bitcoin is one of the very few assets in the world that doesn't have counter-party risk, if you hold your own private keys.
originally posted at https://stacker.news/items/738374