I think it's very important to make sure the node runner is in charge of the code they're running. No point in running a node if it's whatever version of Bitcoin the devs like the most. They already run their own node.
Has to be flexible throughout it's lifespan.
Something to keep in mind.
Do it yourself can be hard, so if you only care about privacy and non custodial lightning that could be fine I guess. But it doesn't decentralize the network or increase your sovereignty imo.
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
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.
Okay, I seen a longer video and I get what you're saying now. The "paranoid" part about hardware wallets / guns salesmen being fear mongerers was naive and wrong.
Does it hold you back from a freer lifestyle or does it give you independence from a landlord you'd rather not deal with?
If you really want to max bitcoin, could you use it as equity?
My understanding is that the government has done a policy shift.
They used to fund business but since central planners struggle to allocate capital, they have an over supply of manufacturing / real estate. It doesn't make sense to throw money at manufacturers / builders, because that would just increase supply further, so they're trying to create domestic consumers, bail out the stock market instead.
If Trump does protectionism against China shit could go really bad for them I think. I don't know if anyone else cares to take advantage. If they start dumping product in the west it reduces pain in China but would destroy manufacturing in the west. Then when everyone's out of business they can raise prices again. Or western companies just move to China.
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