@francis105d1 20 March 2022 more from that month

In the crypto world, custodians are a risk to investors. Many new people who are getting into cryptocurrencies don't understand why Bitcoin was born in the first place, let alone why they need to put their satoshis in their private wallets and not exchanges. If they understood that they would not buy Bitcoin BTC in the first place because they would know that BTC doesn't work, both things go hand by hand. And BTC has become a custodian service altogether, and it seems like that is actually what people want because of how they are saving their satoshis.

Bitcoin was supposed to be the new technology to liberate us from the banks, their printing gimmicks, and their final results; money printing, inflation, and hyperinflation. In the U.S., we already have inflation because the cost of essential products is going up and up while the salary of the everyday worker is the same. Thanks to money printing, tangible assets go up in price while paper only holds nominal value. And yet those suffering from such things continue to use the same services that put them in that misery. I am talking banks and custodian services, if you leave your satoshis at your exchange, you are essentially making that service a bank, and as such, in the future, they will be able to print Bitcoin as well. And that high transaction fees in Bitcoin as accelerating that process as well. If people moved their coins from exchanges to their wallets, they would realize that Bitcoin Core doesn't work, and they will look for a solution. Nowadays, adoption seems more like people are going from being their bank into another bank or from one bank into yet another bank. I don't know if people want to make money that they are not paying attention to or don't realize the risk of leaving their assets at custodian services. But it seems like onboarding new users now mean just telling people to buy a number at Robinhood or Coinbase. And that is why I think that only a major crisis will teach people what it means to be in control of their funds; I guess those who leave their assets at exchanges or use custodian services like Robinhood or PayPal will only get it once it is too late. The risk of going your satoshis or assets in custodian services is that you are not in control. You always have to ask for permission to use your own money, two that if the government makes a law where everyone must give your assets to the government as they did with gold, you wouldn't even have to ask. They will go to your custodian. They will cough your purchases right away. And three, if a significant hack in your service provider happens, you would lose all of your assets, and fourth if your investment becomes too valuable, your current bank because that's what they are banks can run with run money to a jurisdiction where the U.S. government can't or doesn't have extradition agreements. I guess the public doesn't know what "not your keys, not your crypto" actually means, and it looks that only a few of us know that custodian services are not the same as holding your assets in private wallets. I guess mass adoption means the banks will own everything that was supposed to take them out of business. Not that I hate banks, I only hate that they devalue my hard earn money with inflation and fractional reserve banking. It is not even fractional because banks can have zero assets and lend out, but that's a topic for another article. I think that adoption in this way will continue until a crisis happens and people realize that custodian services are not the same as your keys. Those who are just trying to make a quick buck end up losing their money until another cycle starts again. People are not doing their research before investing because they want to make money and think that the crypto bull run will continue until they are rich. Many don't understand the risks involved in cryptos and don't want to be bothered either because their greed is through the roof. The only thing that those who understand can do is keep trying to educate others and put our words where people can find them so that people will find a solution in the future. Everyone will know that the answer was here alone and that the things they were buying were hypes by influencers. After all, I am telling people to buy and hold Bitcoin Cash because I know BCH is the honest and first peer-to-peer currency. It will continue to be in the future as well, and as a result of being P2P first, it will also be a store of value, not to mention that it is also becoming programmable money, thanks to smartBCH being implemented. P.S. One last thing that I forgot to write, custodian services like PayPal and Robinhood can pull another WallStreetBets, where when the whole market starts to dump. They don't let regular people sell but only buy, but their friends the large institution will be able to sell or buy, and the regular users only sell or only buy depending on if the market is going up or down. That's another risk of putting your assets with custodian services. You must ask for permission to sell or buy, and that ability can be restricted at any time for any reason.