Topic 178336
Merits
⭐ Merited by JayJuanGee (1) ,Lucius (1)
Surely, we also need to be trying to use the self-custodial tools.. to the extent that back doors are not allowed to be put into many of them... hard to know when some of them seem to be moving away from open source, which contributes to some of my own ongoing skepticisms regarding some of the secure element hardware wallets.

I think, unfortunately, the majority of Bitcoiners do not deeply understand why self-custody is THE most important thing at this juncture.

There are those who do understand, at least to some extent, there are those who are well positioned by the many slogans about stacking sats and not your keys and so on. 

And then there are those who are really only focused on number go up. Maybe they are in derivatives. Maybe they're playing with Saylors stuff. Obviously the ETFs.

I have always seen that self-custody holders are almost certainly destined to be in the minority so far as the amount held.

But it is so important that there is a loud, passionate, significant minority who hold their sats and hopefully even transact with them.  And it kind of doesn't matter if they hold tons. I think a lot of people who may be beginning to use Bitcoin as money all across the global south may not hold giant amounts, but they are holding sovereignly.

I think as long as there is a significant remnant of people doing that, it will significantly more difficult for the powers that be to control Bitcoin through their shenanigans.