Subscribe NOW

Enter your email address:

Text Message our CEO:

650-283-8008

or on twitter

Free Resources

Click Here to learn more

In The Media

Nick Szabo Mapped Out

by Larry Chiang on October 31, 2025


WordPress’d insights for this Nick Szabo tweet from my personal iPhone, 650-283-8008, number that Steve Jobs texted me on right here

– Nick Szabo’s post clarifies a distinction in Bitcoin holdings: self-custodied “Bitcoin” represents direct ownership akin to physical gold or art, while custodied “bitcoin” (e.g., in ETFs or exchanges) is merely a claim on the asset, similar to stock certificates or bank deposits.
– The reply stems from a NYDIG research thread comparing Bitcoin and gold ownership structures, performance, and macroeconomic correlations, where Szabo earlier critiqued the analysis for overlooking “directly held” categories like self-custody (estimated at ~54% of Bitcoin supply).
– Szabo’s phrasing underscores his long-standing advocacy for decentralized, bearer-asset properties in digital money—echoing his 1998 Bit Gold concept—while rejecting convoluted debates on Bitcoin’s dual role as currency and capital as unnecessary complexity.

https://www.YouTube.com/watch?v=ejeIz4EhoJ0

Leave a Comment

Previous post:

Next post: