Bit 🐳 Ish on Nostr: I think the world is not necessarily black and white. Things like ETF and MSTR sit ...

I think the world is not necessarily black and white. Things like ETF and MSTR sit somewhere Grey. Yes ideally everyone should self custody but that's not realistic in the short term or even in the relative long term for that matter.

I believe key is looking at whether it is a net negative or positive. ETFs and MSTR have gone a long way to onboard a certain population that would otherwise never have any bitcoin exposure or even hear about it. Now those people are paying attention.

Having your family members hold keys for you is absolutely a net positive. Not your coins but theres reputation and family harmony holding parties accountable. Another net positive.

wBTC does very little for advancing bitcoin in the long term. It only enables more shitcoinery and degenerate gambling. Yeah you're free to do it if you like, but it does nothing to advance bitcoin and sound mo by. It only greases the shitcoin casino wheels which in turn gives bitcoin a bad rep. Net negative by far.