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The Twelfth Epistle – The Epistle Encouraging DEX and Self-Custody


Satire and commentary: names and likenesses are used for parody, and nothing here is a statement of fact about real people. Sourced facts are in the sections below.

The Twelfth Epistle – The Epistle Encouraging DEX and Self-Custody
“Not your keys, Not your coins.”

1:1 Brethren,
When you deposited your funds into an exchange,
They were no longer yours.
From that moment,
You were imprisoned in a vault of trust.

1:2 I have witnessed the fall of FTX,
And remember the ruins of Mt. Gox,
Where countless souls were trapped
By the words: “Withdrawals Suspended.”

1:3 I declare unto you —
“Exchanges are convenient,
But true freedom hides within inconvenience.”

1:4 Use DEXs (Decentralized Exchanges),
Remember your seed phrase,
And sign with your own hand.
That is the finance you control.

1:5 Faith was not in words,
But within those 24 sacred words.
Your wallet became your bank.

“CEX was the entrance, DEX was the exit.”

Epistle on Leaving the Exchanges 1:5

1:6 Therefore I urge you —
Step down from the tower of centralization,
Walk the road of decentralization,
And crown yourself sovereign.

1:7 Let your wallet become your temple,
Your keys become your freedom,
And from that moment,
You shall be a follower of Satoshi’s path.

₿men.

In plain words: what this means

The scripture is satire. The core safety lesson is real. Checked on October 17, 2026. We reuse the self-custody points from bitcoin.org and link to our own court-record fact checks for the two failures the chapter mentions.

What the chapter is pointing at

What "self-custody" asks of you

Bitcoin.org's advice is to back up your recovery phrase, keep copies in more than one place, encrypt any online backup, and prefer wallets where you hold the keys. When a third party controls your keys, you rely on their "security and honesty" (bitcoin.org: Secure your wallet).

DEX in one sentence

A decentralized exchange lets you trade straight from your own wallet, with no company holding your coins in between. That removes one risk, but it does not remove all of them: software bugs, fake tokens and scams still exist, and you carry the responsibility.

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A work of satire and commentary. Historical summaries are simplified and may contain errors. Not financial, legal, or tax advice.

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