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Awesome guide you got there. And just like you reiterated, the very important thing is speaking the truth and teaching new onboarders everything they need to to know.
The problem here is that you're talking to the wrong audience. We are building a similar product in Africa at Shield Bitcoin Corporation (SBC), but in a better way.
At the end, Bitcoin self-custody is never going to be for everyone. This is the truth, and this is what so many "hardcore Bitcoiners" (who believe people like us are shitcoiners) have failed to understand. So when you say it, it begins to sound like you're a shitcoiner. I've lived my whole life on Bitcoin since 2017, when I completely got the light. Doesn't have any bank accounts to date.
I wonder if Hal Finney was a shitcoiner for predicting that there would be a time when Banks would offer Bitcoin-backed currencies. I strongly believe that he saw through the future, knowing very well that for Bitcoin to scale, some level of custody will come in. The only important thing is "transparent custody," where there's complete and verifiable proof of reserve at every point in time. Hal also mentioned that some banks will have verifiable proof of reserves, while some may not. What we should be fighting for is that "Custodial Bitcoin solutions that are in line with Bitcoin ethos must widely adopt the system of 'autonomous verifiable proof of reserves'"
The important thing is that as time goes on, people begin to learn and can, from any day, choose to self-custody when they've learned enough. Bitcoin is here to stay for life.
We have hundreds of people queued up and already interested in what we are building at SBC. I actively speak to many people daily about time locking their Bitcoins; the biggest barrier they face is safely keeping their keys.
And, no, these people are not Bitcoiners. They're shitcoiners, average persons who hardly understand how this tech works, who we have managed to convince on why Bitcoin is the ultimate money and savings tool for them.
One thing is that this type of solution actually helps propagate Bitcoin adoption, and use as money more than all the Hardcore Bitcoin messages we have online put together.
There should be a starting point for people who are skeptical about using Bitcoin, especially because of the ability to lose the keys, and even the price action. The first step is to get them in, with a constant education. Then, with time, a lot of them will learn and eventually decide to self-custody their coins. This is the option we have in our solution, open to users any day, any time.
Some may even never bother about self-custodying their Bitcoin, and at the end, it is fine if that is their choice.
Delusion will be anyone thinking that the whole world will eventually self-custody their Bitcoins. Bitcoiners die too, and when they do, they most likely lose their stash permanently because most time nobody knows where they stored their keys. This is not necessarily good for Bitcoin. Except we're ready to fight a war of "Increasing Bitcoin supply Cap" in the future, when we have lost almost all the existing ones due to poor estate planning. (A debate I'm certain most hardcore users around then will frown at).
So, I guess you should take your message to the right audience. The people who need the solution you built (and we are building) are not anons on SN. Perhaps you're here because you want to see if you can get some validation from the community. You certainly wouldn't get that.
Your audience is the average worker out there who has lived more than half his/her life on Fiat, and is constantly ripped off their sweat through rampaging inflation. And mind you, it starts and should start with hardcore education. If you jump in and just tell them that they should save Bitcoins in your app, you certainly will become like one of the shitcoiners or scammers because now, you're not telling them the truth. You must first educate with sound Bitcoin knowledge while telling them what your product offers. This way, they learn that they can be their banks any day, any time, even though they might choose to trust your solution for the time being. The important thing is remaining open with the truth through and through.
And mind you, the moment you introduce any form of "NFT, Ordinals, Tokens...etc", you have permanently derailed and become a full-time scammer.
In our solution, we also have an "Emergency Button" that saves the day should the government come clamping. You might consider that.
At the end, the goal is to have Bitcoin in every household in the world. That is the way Bitcoin truly becomes what we all want it to be - Money!
One of my unpopular beliefs is that "People must first own Bitcoin before they can use it as money" - So by every means, let us get people to own Bitcoins first.
Let the Bitcoin Stay with you - Borrowing @DarthCoin's motto.
Hi Scores, thank you for asking.
- For now, you can't find more about SBC anywhere, except for what I can tell you now. If you remembered Hal Finney's (of blessed memory) prediction about Banks issuing Bitcoin-backed currencies. That is exactly what we are building at SBC, but through an indirect approach - and no, there is no shitcoin or tokens or whatever!!
First, we are building an African-based Bitcoin bank. We believe that people should own Bitcoin first if they must use Bitcoin as a currency.
And when we say bank - we are not building just another Bitcoin wallet, or a custodial solution like the exchanges. We are simply building a robust, simplistic savings/insurance machine that'd enable the lowest-earning person in Africa to save on REAL BITCOINS in absolute self-custodial mode.
In November, I'll come back here to drop a website link you can look at to learn more about what we are doing at SBC.
For now, you can know anything you'd want to know from me.
Extra: The name "Shield Bitcoin Corporation" stemmed from the conviction that Bitcoin is the ultimate Shield against all forms of darts that could be shot against an individual's financial life.
- One of my unpopular opinions about Bitcoin is: If we want Bitcoin to be money, we must take it to the people who need it, and those people are not tech-savvy or online.
GENESIS