• Bitcoin is important for achieving financial sovereignty and self custody should be encouraged.
• A test was conducted in rural Zimbabwe to demonstrate the feasibility of using a non-custodial Lightning wallet.
• Educators must teach people about self custody, the risks of custodial services, and the pros and cons of different tools before they decide which route to take.
The Importance Of Financial Sovereignty
As a Bitcoin educator, my focus lies on helping people achieve financial sovereignty. This can only be achieved by holding bitcoin in self custody and using additional tools to reach a decent level of privacy. It is important to understand the difference between custodial and non-custodial services in order to make an informed decision when it comes to bitcoin usage.
Lightning Wallet Test In Rural Zimbabwe
To find out if it is possible to onboard people onto a non-custodial Lightning wallet even in difficult settings with low and erratic internet connectivity on mobile data, I set out to do a test in rural Zimbabwe. The results showed that this was indeed feasible despite these obstacles.
Resistance To Change Habits
People who are already used to custodial services are hard to convince that they should step up their game toward financial sovereignty and start using non-custodial tools instead. There is a big resistance to change habits as many believe that they never faced any problems with custodial wallets so there’s no need for them to switch set ups.
As an educator, it is my first duty to teach people about self custody, why it is important and make them aware of the risks associated with custodial services so they can make an informed decision on which route they want take when it comes to bitcoin usage.
In conclusion, educators have an important role play when teaching others about Bitcoin – making sure that newbies understand why financial sovereignty is essential when dealing with cryptocurrencies like Bitcoin as well as arming them with knowledge about the differences between custodial and non-custodial wallets so they can make an informed decision on which route would be best for them when using digital assets such as Bitcoin.