X @Nick Szabo

Bitcoin Network Integrity - The Bitcoin network faces a battle between custody and self-custody, where individuals holding their own keys and running nodes are crucial for preserving its integrity [1] - Centralized custodial structures, exemplified by entities like BlackRock and $MSTR, concentrate Bitcoin, potentially leading to the creation of paper Bitcoin and price manipulation [1] - Self-custody offers users the ability to opt out of traditional banking systems, providing protection from confiscation, censorship, and systemic risks associated with centralized finance [2] - Individual choices regarding Bitcoin ownership impact the network's integrity, either strengthening it or enabling institutions to build paper claims on top of it [2] User Awareness - Many individuals are unaware of the implications of their choices within the Bitcoin network [3]