Oddbean new post about | logout
 Let’s be honest:

On the bitcoin standard, there’s no guarantee that a custodian won’t fail spectacularly every few years.

And on the fiat standard, there’s no guarantee that the system won’t burn to the ground every few decades. 
 this is why you don't use a custodian. you custody your bitcoin yourself. if you fail, it's your fault. 
 Would love to see Blackrock shoot themselves in the foot big time. 
Makes bitcoin more scarce. 🤙 
 EXACTLY!..🧡😊🚀♾️