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Why Bitcoin Self-Custody Mattersodysee.com/@TraderUniversity:a/why-bitcoin-self-custody-matters:c?r=8T2xqWjtafHWYGxQBSsrbw1wQPm7sWRq
204 sats \ 8 comments \ @Undisciplined 24 Oct bitcoin_beginners
From Matthew Kratter's Bitcoin University
Video Description
In this video, I discuss why self-custody (holding your own Bitcoin private keys and running a Bitcoin node) is important both for Bitcoiners themselves, as well as for the Bitcoin ecosystem as a whole.
Self-custody teaches people how to be adults when it comes to their money. By contrast, fiat money is all about asking for permission to send a transaction, or help reversing a transaction.
Self-custody leads to more decentralization of Bitcoin holdings, while putting power back into the hands of the people when it comes to protocol changes or forks.
Bitcoin was created to be used as a bearer asset, so users should seek to take full advantage of this. Bitcoin is one of the very few assets in the world that doesn't have counter-party risk, if you hold your own private keys.
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51 sats \ 6 replies \ @Satosora 24 Oct
A lot of this video was about stuff I already was familiar with. Executive Order 6102 was interesting to learn about. Jail 60 million people for 90 days, such a crazy idea.
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30 sats \ 5 replies \ @Undisciplined OP 24 Oct
I put it in ~bitcoin_beginners, because most of us are already familiar with the topic.
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52 sats \ 4 replies \ @Satosora 24 Oct
Haha, I didnt even look at where it was. I just saw the title and listened to the video. I have been liking odysee more and more, its so simple compared to youtube as of late.
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30 sats \ 3 replies \ @Undisciplined OP 24 Oct
I just wish it ran on sats, rather than LBRY tokens.
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43 sats \ 2 replies \ @Satosora 24 Oct
A lot of things would be so much better with just sats. Can you imagine a laundromat that uses sats? Would be nice.
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30 sats \ 1 reply \ @Undisciplined OP 24 Oct
I'm so annoyed whenever something requires change, or even cash. It means I have to go take an entire extra side quest.
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54 sats \ 0 replies \ @Satosora 24 Oct
Without the inefficiencies of the fiat system, we wouldnt have bitcoin. So you have to be thankful that fiat is bitcoins foil. The world isnt 100% ready to accept bitcoin yet. Just give it a bit of time.
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31 sats \ 0 replies \ @023ad18700 24 Oct
Got to self custody can’t risk Coinbase or other exchanges getting hacked
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