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16 sats \ 3 replies \ @siggy47 OP 29 Jul \ parent \ on: Institutional Bitcoin Custody bitcoin
TLDR, most of us are screwed unless we're very technologically competent and are willing to deal with a complex setup?
I like the idea of breaking up your stack into different pieces secured in different ways. I guest that gets complex too, though.
different pieces secured in different ways
Yep, but also personal conditions bring their own complexity you have to respond to. Heirs for example.
A self-custody set-up designed for recovery by others, while also not being vulnerable to others, is always going to be more complex than a beneficiary record at a large institution.
Borrowing against an ETF is less tax-complex than hedging/tax-avoidance strategies when you have yet another problem being liquid solves.
I hate the word nuance, most of the time it's cover for pussy-footing around inconvenient truths, but if we're being prescriptive on solutions there's no way around it.
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Screwed? Depends on your framing.
Sovereign optionality is one of the most important aspects of Bitcoins incentive structure, that doesn't mean most people can or should exercise that option.
The option of not using the central banks unit of account is the more important option.
There'd be a lot less sad hipsters if they had their priorities straight and weren't so hung up on other peoples choices.
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Nice. Stack sats and be of no interest to the State.
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