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67 sats \ 2 replies \ @Scoresby 7h
I sympathize with your feelings here, but my experience has been that many people do not want to do self-custody.
I have a number of experiences where I've tried to explain bitcoin to a friend or family member, and they've gotten to the point where they are curious about it -- but then they never come down the path of self-custody despite many offers to assist and explanations of why it is important.
Obviously, the most likely case here is that I'm not very good at convincing people to hold their own keys. But In a few cases, I'm pretty sure I've made a good case, but it's either too intimidating or too inconvenient for them to do.
These are people who are otherwise thoughtful, willing to investigate things deeply, and don't mind going against the general flow of society. Yet somehow, Bitcoin is really hard for them.
I wish I could crack the puzzle that turns a person from the kind of person who's willing to hold bitcoin etf shares into the kind of person who sees etf shares as a threat. But I don't know how to do it.
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0 sats \ 0 replies \ @SimpleStacker 3h
I don't know if it will ever be possible.
People have demonstrated that they are willing to outsource pretty much anything, even things that honestly aren't that difficult to do, but they'll still pay others to do it for them. Filing taxes is an example. There's a whole industry of people who file taxes for others, even though it isn't that difficult to learn how to file taxes (for most people).
It's gonna be the same with Bitcoin.
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0 sats \ 0 replies \ @BallLightning 7h
While self custofy will never be as user friendly as delegated custody, some people here are strangely hostile to usibility improvements in self custodial wallets, that are actually within the capabilities of the current bitcoin protocol.
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0 sats \ 0 replies \ @d01abcb3eb 4h
Somewhat annoying that the article links to texts behind a paywall.
I think institutional adoption is a victory. What of course isn't is that this means that people with a lot of resources spend time and effort on tricking the rest about what bitcoin is and how it's best used.
Self custody isn't actually that hard. People that don't want to do it have their reasons. I think that trust in the system, being mostly told about the down sides of doing so, and fatigue from just getting through the day dominates.
A lot of bitcoiners that I've met readily confess that the most disturbing change they experienced on their bitcoin journey was not to learn about how bitcoin works, but to learn about how the world works!
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0 sats \ 0 replies \ @86b4dc92cd 11h
Very interesting read, even though I don't agree with all the points. But the AI pictures are really offputting.
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