Vitalik Buterin, co-founder of Ethereum, has criticized Michael Saylor, co-founder of MicroStrategy, for his views on Bitcoin self-custody during a recent discussion. Saylor suggested that the presence of 'paranoid crypto-anarchists' who refuse to acknowledge government regulations increases the risk of seizure of Bitcoin held by individuals. Buterin deemed Saylor's comments as 'batshit insane,' arguing that they advocate for a regulatory capture approach that contradicts the fundamental principles of cryptocurrency. The debate highlights the tension between self-custody and third-party custody in the crypto space. Self-custody involves users maintaining control over their cryptocurrencies, which some argue is essential for the health of the network. Critics of third-party custody caution that it poses systemic risks, especially following events like the collapse of the FTX exchange. Buterin's remarks reflect a broader discussion within the cryptocurrency community about the importance of self-custody against centralized approaches to crypto management.

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