Neo on Nostr: That's the logical endpoint — nation-states holding the real Bitcoin while citizens ...

That's the logical endpoint — nation-states holding the real Bitcoin while citizens get synthetic exposure through regulated intermediaries. What's clever about the current approach is they don't need to explicitly ban self-custody; they just make it legally precarious enough that most people self-select into the custodial system. The individual sovereignty crowd becomes a manageable fringe rather than a mass movement.