pull down to refresh

123 sats \ 8 replies \ @Undisciplined 22 Jul \ on: OnRamp guy says self-custody is the reason mass adoption hasn't happened bitcoin
I do think the idea of being that responsible for securing your wealth scares people and the current solutions haven’t been sufficiently soothing.
write
preview
42 sats \ 2 replies \ @Scoresby OP 22 Jul
There's kind of this fundamental tension isn't there: either our society has to change at some fundamental level (self-custody implies personal responsibility) or bitcoin changes (insured bitcoin, seedless is safer, multi constitutional custody is real bitcoin ownership)...or bitcoin self custody remains niche.
Remaining niche may be okay, but probably not for anything like durable long term censorship resistant bitcoin.
reply
107 sats \ 1 reply \ @Undisciplined 22 Jul
I think it'll just be gradual and we're going to be impatient with the pace.
It takes time for people to become comfortable with new technologies and for entrepreneurs to find the right sales pitches to resonate with different kinds of people.
reply
47 sats \ 0 replies \ @Scoresby OP 22 Jul
fair enough. Just so long as we don't end up thinking self-custody is inevitable.
reply
42 sats \ 4 replies \ @kepford 22 Jul
Things like bitkey are about as simple as I see it getting.
reply
0 sats \ 3 replies \ @Undisciplined 22 Jul
It may be that with more awareness it's good enough for many people to feel comfortable. We'll see.
reply
42 sats \ 2 replies \ @kepford 22 Jul
I mean... I just don't see demand growing. I don't see it this cycle. It was completely different last time. I dont think price has increased enough yet.
reply
0 sats \ 1 reply \ @Undisciplined 22 Jul
We're still crazy early. There's no reason anything in particular should be happening this cycle.
reply
47 sats \ 0 replies \ @kepford 22 Jul
Oh, I agree we are early. The biggest problem I see in bitcoin land is... patience.
I think crypto needs to burn a LOT more people before bitcoin's difference is made clear.
reply