This is an opinion editorial by Michael Matulef, an electrician, independent student of Austrian economics and member of the Mises Institute.
Bitcoin needs to change! In the realm of Bitcoin heresy, before you prepare to hang me from the gallows for that statement, permit me to express my final thoughts. Allow me to provide a brief introduction — I am not a galaxy-brained, shadowy super coder. I must admit to my relative ignorance in the fields of computer science and cryptography. I do not work within the Bitcoin industry. Instead, I am an ordinary pleb, toiling away in construction to make ends meet, striving to maintain humility and gain a comprehensive understanding of the true nature of Bitcoin. So, why do I say that Bitcoin must change?
Let us commence by reflecting upon the adage, „Not your keys, not your coins,” which resounds as one of the loudest mantras in the Bitcoin community, and rightfully so. When your private keys are held by a centralized exchange or custodian on y
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