Could it be that all the obsession with self-custody comes not from the fact that every single satoshi used in the world must be self-custodied, but because regulators will punish whoever operates a custodian that doesn't suck?
I don't like pussies, especially in Bitcoinlandia. https://i.postimg.cc/PJ4XgMrP/bitcoiners-money-transmitter.jpg
aren't you a pussy for using custodial coins? not your keys...
The aspect of self custody that everyone is overlooking is the ability to directly bid on blockspace without a trusted 3rd party. The ability for users to directly bid on #Bitcoin blockspace is critical to the security model. Trusted 3rd party introduce onchain censorship and self custody is what secures the network. Therefore giving users a chance to bid on bitcoin blockspace w/out financial institutional control.
No. it's because if you hold your sats with a custodian it will get seized!!