Post
Topic
Board Bitcoin Discussion
Merits 4 from 1 user
Re: KYC propagation beyond my ownership
by
BlackHatCoiner
on 02/07/2023, 12:56:51 UTC
⭐ Merited by o_e_l_e_o (4)
But why messing around with custodial services, forfeiting the ownership of your coins to questionably protect your privacy from centralized exchanges and such, at the very moment when decentralized, privacy-friendly, non-custodial solutions exist (i.e., Bisq)?

From the Twitter post you shared, I think that's the best reply:
People use custodial wallets because they don't know better. Making more custodial wallets rather than more self custody wallets just makes it more likely people make a bad choice.

People who don't have custody should rather be educated to ensure they have that (and privacy later on).