Oddbean

I don't think he was trying to be derogatory or that he was encouraging people NOT to self custody, but obviously if you position yourself against the state, the state is more likely to push back. And if Bitcoin can grow ALSO in trad fi, then it would increase Bitcoin's sticking power. Governments, especially in America, don't like to fuck with capital markets. They'll violate all your rights but that one is off limits. He's right to say that integrating Bitcoin in the traditional economy reduces risk of seizure. If there were to be seizures, your custodied Bitcoin is not gonna be around for long tho. People have more options to access and use Bitcoin today than they did last year. I think that's a good thing.

The self custody people should stop whining and work on privacy and custody tools and making layers accessible and interoperable. Otherwise there's not going to be practical possibilities for people to self custody. Keep the memes coming tho, they're funny. #Saylor

Language like at 20:55 Crypto anarchists not regulated, don’t acknowledge government, don’t acknowledge taxes and don’t acknowledge reporting requirements. Is very offensive and belittling, Also denying that gold was seized in 1933, or that governments don’t come after assets, was very dishonest. Also not supporting self custody for those that can is very, very bad. It is clear from this interview that he is opposed to Bitcoins core goal of separating the state from money. He believes Bitcoin will provide the state with foundations, just as Trump does. Trump doesn’t know any better, he can be forgiven. Saylor knows better.

I didn't pay it a lot of attention, so I respect y'alls opinions, but are you saying crypto anarchists acknowledge governments / regulation / taxes / reporting? And why does he have to support self custody? As long as he doesn't campaign against it, fine with me. Other people can support self custody. In my opinion, the government is a user of money as well. It's just the privileges that governments abuse that Bitcoin could take away.

Bitcoin was specifically introduced to prevent the 2008 financial crises. The message is hard coded in the Genesis block: "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" The purpose of Bitcoin is to separate the state from money and remove the power central banks have. That is a strong message which I would not expect him to say out loud. But to say out loud statements that oppose those goals and insult the community that create it are unforgivable. He attacked and was making statements against Bitcoin.