• Anita Posch is a Bitcoin educator who focuses on financial sovereignty.
• She conducted a Lightning wallet test in rural Zimbabwe to find out if it was time to onboard people onto non-custodial wallets.
• She suggests that people need to be taught about the difference between custodial and non-custodial services before deciding which route to take for their own financial sovereignty.
Financial Sovereignty with Bitcoin
Anita Posch is a Bitcoin educator whose main focus is on achieving financial sovereignty through bitcoin. To learn more about the feasibility of onboarding people onto non-custodial wallets, even in difficult settings, she conducted a Lightning wallet test in rural Zimbabwe with low and erratic internet connectivity on mobile data.
The Resistance To Change A Habit
Posch has heard and read often that newbies need convenient, easy-to-use tools or they will be overwhelmed and won’t use Bitcoin. However, she disagrees with this statement as those who are using custodial services are harder to convince to step up their game toward financial sovereignty and use non-custodial tools due to resistance in changing habits. As an educator, her first duty is to teach people about self custody, why it is important and make them aware of the risks they are taking.
Understanding The Difference Between Custodial And Non-Custodial Services
It’s important for people to understand the difference between custodial and non-custodial services before making any decisions regarding their personal finances. People should be familiar with the pros and cons of each service so that they can decide which one works best for them without relying on someone else’s advice or opinion. This way, they will also understand that Bitcoin is all about ownership: if you’re using a custodial service, you’re not financially sovereign as you can be rug pulled at any time.
Becoming Financially Sovereign
To become truly financially sovereign, individuals must hold bitcoin in self custody and use additional tools to reach a decent level of privacy while using the cryptocurrency network. This process takes time as it involves learning more about blockchain technology, understanding different types of wallets, setting up accounts correctly and safely storing private keys away from potential hackers or other threats online.
Posch believes that teaching people about self custody is essential as this allows them to become financially sovereign by understanding how different types of wallets work together for maximum security when dealing with cryptocurrencies like Bitcoin. With this knowledge under their belt, users can make informed decisions when choosing which route they want to take towards achieving financial independence without relying on anyone else’s advice or opinion.