CryptoTruth

Today, California quietly did more to educate the public about Bitcoin than any marketing campaign ever could.  With California Senate Bill 822 (SB 822) now in effect, crypto exchanges are required to turn over idle accounts after a period of inactivity (three years). Not because the assets failed. Not because they expired. But because custody was outsourced.

Three things become immediately clear to seasoned cryptologists and, perhaps for the first time, to the untrained eye.

First, “not your keys, not your coins” is no longer a slogan. It’s policy. The moment you delegate ownership, you accept counterparty risk (whether that counterparty is a corporation or the State itself).

Second, this is accidental advertising for self-custody. Cold storage doesn’t need regulators, exemptions, or explanations. It doesn’t go idle. It doesn’t ask permission. It simply exists precisely where you left it. Zero counterparty risk has a way of clarifying priorities.

And third, the most interesting part (at least to me), the average person is going to notice what didn’t happen.
•    The assets weren’t liquidated.
•    They weren’t dismissed as obsolete.
•    They weren’t treated as abandoned junk.

THEY WERE PRESERVED.

In doing so, the State quietly acknowledged something it refuses to say out loud: “crypto is not a disposable novelty”. It is treated as enduring property!  Something assumed to retain value over time.  That’s not hostility. That’s reluctant recognition and it’s coming from an undeniable source that holds power over nearly every aspect of its citizens’ lives.

History has a habit of advancing through irony.

-CryptoTruth-
“Seeking clarity in a chaotic world”