teachin_bitcoin on Nostr: ...
Dad: Son, why not keep my Bitcoin on an exchange? They are like banks, and you can use two-factor auth.
Son: Hi Dad,
Exchanges are on-ramps and off-ramps. They are not destinations. Use them as they have been designed, as routes to self-custody and not as banks.
Dad: Even though every withdraw costs a hefty fee?
Son: Yes. Freedom and sovereignty has its price. I don't want anything or anyone to come between me and my bitcoin. For me, there is no such thing as "too complicated", "too cumbersome" or "too expensive" when it comes to self-custody.
#Bitcoin
Published at
2024-11-01 04:27:12Event JSON
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"pubkey": "e0893162d4045dd1113c6e1c29f70c47bb7461abed042b6c33308fe7d96d2502",
"created_at": 1730435232,
"kind": 1,
"tags": [],
"content": "https://www.teach-me-bitcoin-son.com/media//generated/exchanges-are-and-ramps-only.png\n\nDad: Son, why not keep my Bitcoin on an exchange? They are like banks, and you can use two-factor auth.\nSon: Hi Dad,\nExchanges are on-ramps and off-ramps. They are not destinations. Use them as they have been designed, as routes to self-custody and not as banks.\nDad: Even though every withdraw costs a hefty fee?\nSon: Yes. Freedom and sovereignty has its price. I don't want anything or anyone to come between me and my bitcoin. For me, there is no such thing as \"too complicated\", \"too cumbersome\" or \"too expensive\" when it comes to self-custody.\n\n\n#Bitcoin",
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}
