At first I assumed self-custody meant keeping your coins somewhere nobody else could reach. A hardware wallet in a drawer. Nothing moving. Nothing earning. Just sitting. Then I watched someone lock their Bitcoin into a vault and borrow against it the same day. The coins never left their control. The rules about what could happen to those coins lived in code they could read themselves. Nobody held a key above them. That broke something in how I thought about custody.Custody is not just about where the coins sit. It is about who decides what happens to them. One can be true without the other. What I still cannot resolve is how that code gets updated if something needs to change. Code that cannot change is rigid. Code that can change needs someone to change it. Which one actually keeps you in control?

@BabylonLabs_io #baby $BABY $BTC