⚠️Custodial #Bitcoin is not Bitcoin⚠️
❔So why do we pretend it’s an acceptable way to scale it?
Discussion
Facebook is not TCP IP, so why do we accept it as a benefit of the internet?
I think you are either being disingenuous with your words or you are confusing them.
Most people understand the difference between "scaling Bitcoin" using layer 2's with unilateral exits vs "scaling Bitcoin" usage through services.
In the absence of the former, because it is hard and it does take more time, the latter has a purpose in the short term. The good ones will also contribute back in the form of funding and innovation being made public.
I didn’t say custodial solutions have no value. What I’m saying is that it’s not an acceptable way to scale Bitcoin.
Having the majority of Bitcoin trusted to third parties brings not just personal risk to the user that does, but also systemic risk because we wouldn’t be able to validate the total supply anymore.
But who said custodial wallets were bitcoin.
All you're saying is NYKNYB.