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5 sats \ 2 replies \ @BitcoinHandsOn 22 Jul \ on: OnRamp guy says self-custody is the reason mass adoption hasn't happened bitcoin
I think we're far from a world where the majority of people who "own" bitcoin, have it in self custody.
Even people like me - I'm not dumb, and I'm good at research - can have issues with self-custody. Those people that say it's straightforward are either dreaming, or can't put themselves in other people's shoes.
That's why I wrote the book Bitcoin, Hands-On. It's a step by step guide to learning the most necessary technical basics of holding your own bitcoin, one easy exercise at a time.
If anyone wants to take a look at it without purchasing a copy, feel free to email me (feedback@bitcoinhandson.com) and I'll send you a pdf link.
There was also that post just in the past week or so, that was very good - I can't find it now, but it was about - just having POTENTIAL competition prevents monopoly. And the analogy was made with the amount of people doing self-custody bitcoin.
The more there are, the less government will be able to control it.
What would say is the hardest part about self-custody for someone new to bitcoin? Seed words? Backups? It's scary?
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- Every single concept, with self custody bitcoin, is new. From even the idea of digital scarcity, to seed phrases, to the block chain - it's all new. And the explanations/tutorials are out there, but very scattered.
- Lots of people - the majority, I think - are just very bad with tech. Even just learning new software is a barrier.
The more convinced you are that bitcoin is the answer, the more you're willing to push through barriers, and self custody bitcoin.
But if you're a lot less convinced, it just seems like far too much work and risk.
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