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The All-Important Journey To Self-Custody Bitcoin – Bitcoin Magazine



This is an opinion piece by Mark Maraia, an entrepreneur, author of “Rainmaking Made Simple” and Bitcoiner, and Casey Carrillo, associate editor at Bitcoin Magazine.

One of the things that makes bitcoin such a great asset is our ability to own our private keys. This possibility is so new and groundbreaking that the Law Commission of England and Wales wrote 500 page report proposed to create a new form of property rights for digital assets.

As I reflect on how long it has taken me to get my private keys, I realize that it can be a bit instructive for others. Since I’m a boomer and I’m not the least savvy or tech-savvy person, it took me months before I felt comfortable enough to own my private keys. My thought process – which I suspect is the same as many others – is that I trusted a third party exchange – nothing more than an IOU for bitcoin – than than I believed in myself. So my journey started when I bought a small amount of four digital assets – one of which is bitcoin – in March 2020. I bought that bitcoin on a centralized exchange and recovered. That I don’t know enough about private keys.



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