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Bitcoin is a self custody asset just like gold, and IMHO that and it's de-centralized exchange is actually where all the value comes from if it has any. People
by gregwebs 5y ago
Bitcoin is a self custody asset just like gold, and IMHO that and it's de-centralized exchange is actually where all the value comes from if it has any. People do own gold and store it on their own property as well.
Gold owners also use responsible custodians when they don't store the gold themselves. I think bitcoin owners do not do the same because they want to have easy access to trading and there aren’t companies that both operate trading and are either responsible custodians or make it easy to use a different custodian for storage.