I have never met a newbie yet that was unwilling or unable to self-custody with the right support around him or that lost anything while doing it.
I have. Or at the very least, Newbies who are willing to learn self custody until they find out there is an easy way out, which is Exchanges and Custodial Wallets. It is very hard to make someone move from the comfort of Banking to storing Bitcoin at their own risk.
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Regards,
PrivacyG
Why are they so resistant to it? I really dont get it. Its scary and uncomfortable at first, but you can just store a few bucks at first and then get used to it fast. Its a superior experience in the end, to have all the benefits of a decentralized asset.
No it is a pain in the ass.
It slows down trading time, it loses profit in transaction fees, it requires a security mentality to be active at all times.
The decentralization mantra, and idiot hodl mentality is only for btc cult idiots that never earn fiat.
Because to earn fiat you have to sell/trade coins for fiat.
While you covet your btc precious in your basement,
others will be using their fiat profits to pay bills, buy cars and houses, and improve their family's lifestyle.
And to do that they need exchanges.
For once your contribution was actually helpful, thanks. If a fiat mindset like youre describing is actually widespread out there, it would explain a lot of behaviour and makes a lot of sense. If someone is honest about it, i respect it more than someone acting like they want to have rational arguments when in reality they just want to pump their bags quickly and the how + truth doesnt matter. To me fiat is a worthless piece of trash and a scam, that i cant wait to get rid of. And im willing to go till jail if i can help to make this ponzi fall, so our perspectives might differ. Couldnt care less if im making profits, yet im making them. But i care about the world being run by incompetent weak soft feudalists that lost their soul trough greed, control fetishes, god complexes and pleasure addictions, which is more important than a desire for material things and comfort. Discipline is strength, greed is weakness.