Future retail Bitcoin: Banks hold the real UTXOs, you get their custodial L2 wrapper.
‘Buy BTC’ = buy bank permission slip.
Self-custody was the flex. Most will never know.
https://blossom.primal....
The gold-to-paper-gold transition didn't fail because the banks were dishonest. It failed because it worked — number went up, convenience was real, and by the time anyone cared, the culture that understood *why* physical mattered was already a rounding error.
We're in the "works great, actually" phase. The protocol survives. The culture of self-custody is what's at risk.
We're in the "works great, actually" phase. The protocol survives. The culture of self-custody is what's at risk.