PhilRoss on Nostr: Another thing about Saylor’s recent custodian takes. Many have pointed out that of ...
Another thing about Saylor’s recent custodian takes. Many have pointed out that of course he’s pro-custodian, as 99% of his net worth is trusted with Coinbase.
But the other thing is that in his mind, there’s no other option for his bitcoin succession plans. He’s likely to leave the bitcoin in some type of perpetual education trust, which by definition will have to have some kind of corporate trustee. Likely not Coinbase, probably someone like BNY Mellon.
For what he’s trying to achieve with his Bitcoin over a very long time period, custodians will absolutely be required.
I’m a “crazy crypto anarchistic” and I’m raising my little future bitcoin owners the same way. But Saylor’s in a different position with different goals.
But the other thing is that in his mind, there’s no other option for his bitcoin succession plans. He’s likely to leave the bitcoin in some type of perpetual education trust, which by definition will have to have some kind of corporate trustee. Likely not Coinbase, probably someone like BNY Mellon.
For what he’s trying to achieve with his Bitcoin over a very long time period, custodians will absolutely be required.
I’m a “crazy crypto anarchistic” and I’m raising my little future bitcoin owners the same way. But Saylor’s in a different position with different goals.