@RenaissanceMan on Nostr: Most people just can't make the leap from money to don't trust. Virtually everyone ...
Most people just can't make the leap from money to don't trust. Virtually everyone alive today (i.e. , all those in the US born post 1925) has no experience with bearer instrument money. Many are like my wife, "I trust Fidelity to hold my money (bitcoin) more than I trust me to not lose it."
Fortunately, for those that trust Fidelity, Fidelity Crypto has a very nice product that is remarkably similar to an ETF whereby you purchase bitcoin (or actually engage them to purchase bitcoin on your behalf), they take all responsibility for securing it in a set of secure wallets and allocate to your account the fiat exchange rate of the coins you have purchased.
It's not ideal but for those that cannot conceive of money without banks/centralized authorities, it's a start.
Fortunately, for those that trust Fidelity, Fidelity Crypto has a very nice product that is remarkably similar to an ETF whereby you purchase bitcoin (or actually engage them to purchase bitcoin on your behalf), they take all responsibility for securing it in a set of secure wallets and allocate to your account the fiat exchange rate of the coins you have purchased.
It's not ideal but for those that cannot conceive of money without banks/centralized authorities, it's a start.