Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

The market capitalization of PI Network jumps $ 7 billion like token skyrockets 110% in a week in the middle of market bending

2025-05-12

ETH up to $ 10k? – Analysts say that the graph and rivals point to ‘yes’

2025-05-12

Saylor Hints on more Bitcoin buys as BTC Record is approaching high

2025-05-12
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Zimbabwe is turning into blockchain to breathe new life into the trust of the carbon credit of carbon credit

    2025-05-12

    Atlaspad and Arichain unite to stimulate user-friendly and scalable web3 acceptance

    2025-05-12

    Why Wall Street Crypto will not embrace without privacy of zero knowledge

    2025-05-12

    R2 Testnet affects 10 million transactions with 200K+ users in weeks

    2025-05-12

    Miro announces a strategic partnership with Enac Network to bring about a revolution in Enterprise Web3 apps

    2025-05-12
  • NFT

    Trump’s Crypto -Dinner cost VIP -Aurter $ 4.8 million

    2025-05-12

    New details about Trump’s Memecoin leaks from the official website – this is what they intend

    2025-05-12

    NFT -turns 10.6% to $ 115 million, Doodles Rally 500%

    2025-05-11

    Drink-to-earn? A new sparkling water comes with an NFT and points

    2025-05-08

    Cobie says we will return if someone buys this $ 20 million NFT

    2025-05-08
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    The market capitalization of PI Network jumps $ 7 billion like token skyrockets 110% in a week in the middle of market bending

    2025-05-12

    Coinbase head of the institutional strategy says that scarcity stimulates the overwhelming wave of demand from major players

    2025-05-12

    Can the resistance crush and re -design the rally?

    2025-05-12

    XRP performs better than the crypto market with 10% jump if open interest rises beyond $ 5 billion

    2025-05-12

    Cathie Wood doubles Bitcoin objective on 2030, says that BTC still has ‘miles’

    2025-05-12
  • Learn

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-10

    What Is Proof-of-Stake (PoS)? A Beginner’s Guide

    2025-05-09

    What Is a Layer-1 (L1) Blockchain?

    2025-05-03

    What is a Layer-2 (L2) Blockchain Network Solution?

    2025-05-02
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Bitcoin»Buterin labels Saylor’s Bitcoin custody comment ‘insane’ – why?
Bitcoin

Buterin labels Saylor’s Bitcoin custody comment ‘insane’ – why?

2024-10-24No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email
  • Saylor faced backlash from the community following his latest comments regarding BTC’s custody.
  • Buterin criticized him for pushing for a ‘regulatory capture approach’ in crypto.

Vitalik Buterine, Ethereum [ETH] co-founder, is the latest to criticize Michael Saylor’s perceived undermining comments Bitcoin [BTC] self-control.

During a recent interview, Saylor was asked whether leaving the custody of BTC to major banks and third-party entities posed a centralization risk and potential for government seizure.

He replied,

“If Bitcoin is in the hands of a bunch of paranoid crypto-anarchists, who are not regulated entities and do not recognize government, tax or reporting requirements, that increases the risk of seizure.”

Buterin punches Saylor

His comments received widespread criticism from the community, with Buterin being the latest to express his disagreement. Buterine refuted,

“I can happily say that I find Saylor’s comments insane. He seems to explicitly advocate a regulatory approach to protect crypto.”

He added that the regulations championed by Saylor are not in line with what crypto stands for.

Jameson Lopp, co-founder of BTC self-custody platform Casa HODL, echoed a similar sentiment.

He strengthened that self-custody is not just for “paranoid crypto investors,” but that championing third-party custody would be a net negative in the long run.

“Self-custody is not just important for individual Bitcoin holders. It is important for the further strengthening and improvement of the entire network.”

For perspective, self-custody gives users full control over their wallet keys. On the contrary, third-party custody dilutes users’ control over their digital assets.

The risky nature of the latter is best captured by a popular quote: “Not your keys, not your coins.”

See also  Bitcoin: How a Higher-than-Expected CPI Could Affect BTC

For his part, Samson Mow of JAN3com, a consultant for nation-state adoption of BTC, reinforced the risk associated with third-party custody, whether one is paranoid or not.

“Just because you’re a paranoid crypto-anarchist doesn’t mean they’re not after you.”

Large companies prefer external custodians

Well, the extensive criticism was no surprise, given Saylor’s image as BTC’s top publicist and maximalist.

However, this is his position on BTC custody, especially for large companies entering the crypto markets.

In a 2022 interview with Blockware, he advocated third-party custody for large companies, citing their robust checks and balances.

He called it a ‘blessing and curse‘for possession,

“That is the blessing (self-guardianship). The curse is when you want New York City, Chicago, San Fransisco, the US and 10,000 publicly traded institutions to buy and embrace Bitcoin. Then you have to deal with the control structures of those companies.”

That said, each side of the debate had solid arguments. But it remains to be seen how the potential risks of BTC’s network centralization will be mitigated as more major companies join the party.

Previous: Peter Schiff Speculates on MicroStrategy ‘Crash’ – Is Bitcoin the Reason?

Next: River Financial introduces 3.8% BTC interest for cash deposits

Source link

Bitcoin Buterin comment custody insane labels Saylors
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Saylor Hints on more Bitcoin buys as BTC Record is approaching high

2025-05-12

Bitcoin remains undervalued, but taking a profit has begun: this metric says why

2025-05-12

Bitcoin prize focuses on $ 110,000 of all time after the consolidation trend ends

2025-05-12

Bitcoin versus rates: the ultimate test for BTCs ‘Safe-Haven’-Use Case

2025-05-12
Add A Comment

Comments are closed.

Top Posts

An overview of CBDCs and one idea that could make them a little less scary

2024-05-14

Polygon spinoff Avail raises $27 million in seed funding to build Web3 infrastructure

2024-02-26

zkSync Era successfully resolves its network glitch

2023-05-02
Editors Picks

You should hold Bitcoin for “decades, not days,” says this CEO

2024-03-16

Alchemy Pay (ACH) Prijsvoorspelling 2024 2025 2026 2027

2024-10-23

Why Did Bitcoin Price Rise Today?

2023-06-20

Bitcoin Reserve Proposal: Florida and North Carolina Eye Crypto for State Practice

2025-02-11
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

The market capitalization of PI Network jumps $ 7 billion like token skyrockets 110% in a week in the middle of market bending

ETH up to $ 10k? – Analysts say that the graph and rivals point to ‘yes’

Saylor Hints on more Bitcoin buys as BTC Record is approaching high

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$102,316.96-1.57%
  • ethereumEthereum(ETH)$2,444.81-2.22%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.483.59%
  • binancecoinBNB(BNB)$647.22-1.10%
  • solanaSolana(SOL)$169.39-3.11%
  • usd-coinUSDC(USDC)$1.000.02%
  • dogecoinDogecoin(DOGE)$0.221918-7.35%
  • cardanoCardano(ADA)$0.79-3.53%
  • tronTRON(TRX)$0.261394-1.07%
  • suiSui(SUI)$3.90-5.51%
  • chainlinkChainlink(LINK)$16.28-4.63%
  • avalanche-2Avalanche(AVAX)$24.06-3.96%
  • stellarStellar(XLM)$0.302886-1.91%
  • shiba-inuShiba Inu(SHIB)$0.000015-7.51%
  • hedera-hashgraphHedera(HBAR)$0.204672-1.72%
  • the-open-networkToncoin(TON)$3.25-5.22%
  • hyperliquidHyperliquid(HYPE)$23.87-3.51%
  • unus-sed-leoUNUS SED LEO(LEO)$8.602.64%
  • bitcoin-cashBitcoin Cash(BCH)$396.21-2.85%
  • polkadotPolkadot(DOT)$4.93-4.22%
  • litecoinLitecoin(LTC)$101.570.71%
  • piPi(PI)$1.08-15.64%
  • moneroMonero(XMR)$334.53-1.01%
  • pepePepe(PEPE)$0.000013-6.22%
  • bitget-tokenBitget Token(BGB)$4.68-3.32%
  • daiDai(DAI)$1.000.02%
  • ethena-usdeEthena USDe(USDE)$1.000.07%
  • uniswapUniswap(UNI)$6.64-4.89%
  • bittensorBittensor(TAO)$448.94-4.68%
  • nearNEAR Protocol(NEAR)$3.07-3.19%
  • aptosAptos(APT)$5.61-5.75%
  • aaveAave(AAVE)$214.68-2.56%
  • okbOKB(OKB)$53.77-2.34%
  • ondo-financeOndo(ONDO)$0.99-6.12%
  • internet-computerInternet Computer(ICP)$5.55-4.37%
  • kaspaKaspa(KAS)$0.112401-11.13%
  • ethereum-classicEthereum Classic(ETC)$19.23-3.79%
  • gatechain-tokenGateToken(GT)$21.57-1.05%
  • mantleMantle(MNT)$0.78-3.12%
  • crypto-com-chainCronos(CRO)$0.098044-1.57%
  • render-tokenRender(RENDER)$4.98-5.66%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.246492-4.00%
  • vechainVeChain(VET)$0.029822-5.47%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.56-10.01%
  • ethenaEthena(ENA)$0.370661-9.71%
  • usd1World Liberty Financial USD(USD1)$1.000.17%
  • cosmosCosmos(ATOM)$5.10-4.15%
  • filecoinFilecoin(FIL)$2.99-5.39%
  • algorandAlgorand(ALGO)$0.231002-4.45%
  • bitcoinBitcoin(BTC)$102,316.96-1.57%
  • ethereumEthereum(ETH)$2,444.81-2.22%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.483.59%
  • binancecoinBNB(BNB)$647.22-1.10%
  • solanaSolana(SOL)$169.39-3.11%
  • usd-coinUSDC(USDC)$1.000.02%
  • dogecoinDogecoin(DOGE)$0.221918-7.35%
  • cardanoCardano(ADA)$0.79-3.53%
  • tronTRON(TRX)$0.261394-1.07%
  • suiSui(SUI)$3.90-5.51%
  • chainlinkChainlink(LINK)$16.28-4.63%
  • avalanche-2Avalanche(AVAX)$24.06-3.96%
  • stellarStellar(XLM)$0.302886-1.91%
  • shiba-inuShiba Inu(SHIB)$0.000015-7.51%
  • hedera-hashgraphHedera(HBAR)$0.204672-1.72%
  • the-open-networkToncoin(TON)$3.25-5.22%
  • hyperliquidHyperliquid(HYPE)$23.87-3.51%
  • unus-sed-leoUNUS SED LEO(LEO)$8.602.64%
  • bitcoin-cashBitcoin Cash(BCH)$396.21-2.85%
  • polkadotPolkadot(DOT)$4.93-4.22%
  • litecoinLitecoin(LTC)$101.570.71%
  • piPi(PI)$1.08-15.64%
  • moneroMonero(XMR)$334.53-1.01%
  • pepePepe(PEPE)$0.000013-6.22%
  • bitget-tokenBitget Token(BGB)$4.68-3.32%
  • daiDai(DAI)$1.000.02%
  • ethena-usdeEthena USDe(USDE)$1.000.07%
  • uniswapUniswap(UNI)$6.64-4.89%
  • bittensorBittensor(TAO)$448.94-4.68%
  • nearNEAR Protocol(NEAR)$3.07-3.19%
  • aptosAptos(APT)$5.61-5.75%
  • aaveAave(AAVE)$214.68-2.56%
  • okbOKB(OKB)$53.77-2.34%
  • ondo-financeOndo(ONDO)$0.99-6.12%
  • internet-computerInternet Computer(ICP)$5.55-4.37%
  • kaspaKaspa(KAS)$0.112401-11.13%
  • ethereum-classicEthereum Classic(ETC)$19.23-3.79%
  • gatechain-tokenGateToken(GT)$21.57-1.05%
  • mantleMantle(MNT)$0.78-3.12%
  • crypto-com-chainCronos(CRO)$0.098044-1.57%
  • render-tokenRender(RENDER)$4.98-5.66%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.246492-4.00%
  • vechainVeChain(VET)$0.029822-5.47%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.56-10.01%
  • ethenaEthena(ENA)$0.370661-9.71%
  • usd1World Liberty Financial USD(USD1)$1.000.17%
  • cosmosCosmos(ATOM)$5.10-4.15%
  • filecoinFilecoin(FIL)$2.99-5.39%
  • algorandAlgorand(ALGO)$0.231002-4.45%