sort of - the narratives are easily distorted to create excuses to restrict access to networks. and that's the precipice.
you know what else is practically meaningless? digital assets you cannot access. they're a real bummer... whether they're in a traditional financial institution or any "Bitcoin" holding outside of a physical offline custody.
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This is semantic, but probably important:
A) Bitcoin (UTXOs) *cannot* be stored offline
B) Bitcoin (UTXOs) exists on The Bitcoin *Network* (requires network connection)
C) Keys can be stored offline. Keys are not Bitcoin. Keys prove ownership of Bitcoin (UTXOs)
For you to spend Bitcoin you need two things
- Keys
- The Bitcoin Network
Without a network your keys become useless. Whether or not they are "offline" doesn't matter.