spacestr

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65600
Member since: 2024-03-11
65600
65600 3h

🚨 Not Your Keys, Not Your Bitcoin. Period. 🚨 If you do not hold your private keys and your seed phrase securely in your own hands (metaphorically speaking), then you do NOT own Bitcoin. What you own instead? An IOU. A piece of paper, or more likely a digital entry, that says someone else owes you Bitcoin. And here’s the uncomfortable truth: They don’t necessarily even have all of it. At least not all the time. This is paper Bitcoin, no different in principle from paper gold or paper silver. We’re watching right now what happens in the silver market when too many people realize the metal isn’t really there and start demanding delivery. The same exact thing can happen to Bitcoin if/when a large number of people demand self-custody all at once. Custodians, exchanges, ETFs, these are fractional systems. They rely on the assumption that most people won’t ask for the real thing at the same time. And honestly? Paper trading should be a sin. If we actually traded raw materials—real Bitcoin, real gold, real silver—we’d have a far more intelligent, transparent, and well-informed market. Prices wouldn’t be so artificially manufactured, suppressed, or manipulated by layers of derivatives and promises stacked on top of promises. šŸ“¢ DEMAND DELIVERY. Just like you should with gold. Just like you should with silver. Do it with Bitcoin. Self-custody isn’t paranoia. It’s responsibility. It’s ownership. It’s the entire point. Not your keys. Not your coins. šŸ”‘ā‚æ

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BTC maximalist since around Block #65600 after finding whitepaper on slashdot. Experienced misplacer of thousands of BTC in my time. #LiquidNetwork 🌊 #LightningNetworkāš”ļø #TacoPleb

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