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17 sats \ 6 replies \ @Coinsreporter 26 Mar \ on: Is custodial bitcoin really worth anything? bitcoin
It was just 2 months ago when I used to have custodial wallets, thanks to SN, I have removed any custodial wallets straight away except one just for emergency funds.
Getting value ? Depends, if that custodial doesnt go bankrupt and remain working, no hacks or mishandling of funds, the list is long. So value is another proposition, first we should think about saving the theft of our sats.
Self custody makes it easier and only to one condition, just you can't lose your keys.
But do you think any of the things that bitcoin is good at are available to someone who owns custodial bitcoin?
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If they are holding it on a CEx, it would be worth of a few of them.
But holding them as ETFs or ETNs don't worth any of the inherent values of Bitcoin at all.
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Why do you feel bitcoin at an exchange retains some of bitcoin's value props? Also which ones?
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Borderlessness Digitally native money No inflation
I think for these.
But, yeah I don't believe that anyo e must be hodling there. CEXs are for trading only.
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Digitally native is a good point.
The other two: I am not so sure about.
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I must admit, I'm not well versed to answer this but for the sake of trying, here's my reply-
Borderlessness because, we can send or recieve payments there as well.
No inflation because the value is written same on custodial or non custodial wallet.
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