jeff on Nostr: There is a technical barrier to entry, sure, but that’s ebbing away. It’s far ...
There is a technical barrier to entry, sure, but that’s ebbing away.
It’s far simpler now than it used to be to self custody. It will be even easier in the future (new products coming out all the time).
If someone isn’t comfortable then they can now buy the ETF which effectively rules out a repeat of FTX etc. It’s not a self sovereign as holding it yourself ofc but it’s a reasonable alternative.
There are many other reasons to choose bitcoin over other assets or fiat too. It’s scarcity and decentralised & permissionless nature being just a few.
A thief needs to get the keys to get your bitcoin. The bitcoin network itself is secure (literally the most secure network ever created).
It’s far simpler now than it used to be to self custody. It will be even easier in the future (new products coming out all the time).
If someone isn’t comfortable then they can now buy the ETF which effectively rules out a repeat of FTX etc. It’s not a self sovereign as holding it yourself ofc but it’s a reasonable alternative.
There are many other reasons to choose bitcoin over other assets or fiat too. It’s scarcity and decentralised & permissionless nature being just a few.
A thief needs to get the keys to get your bitcoin. The bitcoin network itself is secure (literally the most secure network ever created).