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NGU tech is actually what prevents this, IMO. There is a monetary incentive to master self-custody. People that use paper Bitcoin (or ignore Bitcoin altogether) get rugged while the niche community survives financially. Competing with institutional scams like USD and ETFs is no different from competing with altcoins. As Bitcoin keeps winning on price, and not rugging the users, everything else fades away.

0 sats \ 1 reply \ @anon 11h

Bitcoin is not 'winning on price' not at least this year. Maybe it's because this is year 4 of 'the cycle' but I think the real reason is the lack of education.

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Dec24 to Dec25 might be an awkward choice of time frame in retrospect. If you add 4 months and compare Oct24 to Feb26 that could be a 200% gain.

Even adding 2 months to measure from Oct24 to now amounts to a 50% gain in 14 months, which is pretty good.

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