Introduction The loose use of the term custody is, in my opinion, very dangerous. If you strongly value the freedom Bitcoin provides, you should fight to preserve its meaning. Broadening its definition risks inviting regulations that could eventually ban non-custodial solutions. We’ve seen this pattern before: first, a law targeting terrorists, then a gradual expansion of the definition until, one day, someone saying something offensive online is labeled a terrorist under the new terms.

The Enterprise Blockchain era I was involved in Bitcoin during 2016-2017. For those who weren’t there or have forgotten, it was a time when every giant corporation wanted to include AI Blockchain in everything they were doing, even when it didn’t make sense. Shareholders wanted to ride the next wave and wondered whether to sell stocks in “boring” companies to jump into AI Blockchain. Executives, loaded with stock options or bonuses tied to the stock price, were pressured to include the next cool thing in the company and passed the orders down to managers, who had to do something—anything, really, as long as it involved AI Blockchain.

Introduction I will start by saying that I believe an innovation has been right in front of our eyes for a long time, and it has been our biggest mistake not to view it in the proper light. Technically, there is nothing new about what I am about to say; the only thing I want to convey in this essay is the importance of looking at what we already know from another perspective that is better suited to contextualizing the innovation within our current economic technology.