jeffrey on Nostr: Why do we use the doublespeak terms for bitcoin? There is no "self custody" or ...

Why do we use the doublespeak terms for bitcoin?

There is no "self custody" or "custodial/non custodial" Bitcoin. Either you own bitcoin or you dont't. It is that simple.

If you do not control the keys you have an IOU:
ETFs: you own a promise
Coinbase/Binance: you own a promise
Some other regulated institution/agency: you own a promise
"Custodial wallet/service": you own a promise

There is no such thing as owning bitcoin on an exchange or an ETF.