I'm somewhat slow on the uptake. You see 

> You might as well keep your bitcoin on paper with an ETF.

As the most likely future to which we are headed?

Scoresby

Bitcoiners migrating to use fully-trusted, often fully-custodial systems operated by anonymous third-parties is obviously absurd, which leaves every trusted system that sees use in practice compliant and antithetical to bitcoin’s principles. This may leave some bitcoin in decentralized cold-storage, but when the only platforms through which bitcoin can be transacted are entirely KYC and AML, such bitcoin is effectively value-less; what is the point of a bitcoin in self-custody if you can’t use it? You might as well keep your bitcoin on paper with an ETF.

💫 All this has already been decided. This is why you play a different game then the one that is being played.

Its wild to me that some people didn't see this coming in 2023 when the ETF was announced.

bitcoin

Self-Custody Found Dead in Miami Condo - bluematt

>Bitcoiners migrating to use fully-trusted, often fully-custodial systems operated by anonymous third-parties is obviously absurd, which leaves every trusted system that sees use in practice compliant and antithetical to bitcoin’s principles. This may leave some bitcoin in decentralized cold-storage, but when the only platforms through which bitcoin can be transacted are entirely KYC and AML, such bitcoin is effectively value-less; what is the point of a bitcoin in self-custody if you can’t use it? You might as well keep your bitcoin on paper with an ETF. 

💫 All this has already been decided. This is why you play a different game then the one that is being played. 

Its wild to me that some people didn't see this coming in 2023 when the ETF was announced. 