This article takes a deep dive into custodying your bitcoin. Don’t leave it in the hands of third parties, as it removes one of Bitcoin’s primary advantages – its sovereign nature.
“The root problem with conventional currency is all the trust that’s required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust.”
Money is a social construct, where one party accepts it as payment under the assumption that other parties will also accept it as a payment going forward. Thus, money, and more specifically, fiat money, is built entirely on trust.
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