I believe sometimes Bitcoin folks can develop a rigid way of thinking that results in the preemptive rejection of good technology like Cashu’s protocol and its relationship and custodian operation.

Taking custody over money still has an enormous role in financial technology even with new interactions like zaps, e.g. it is likely that an education services or schools that creates scholarships or funds with education technology would likely take a responsible role in custody of funds for children or parents. It’s the nature of existing in a service economy. This alone could potentially manage billions of interactions.

It goes without saying that there is a first principle in the Bitcoiner mind centered around sovereignty or permissionless interactions, but it isn’t a law of the universe.

The rigidness could result in missing out on compelling technologies like the cashu environment, stablecoins and other smart contracts.

Reply to this note

Please Login to reply.

Discussion

Exactly! We need to see beyond BTC to enjoy the plethora of opportunities that comes with decentralised universe.

People on both the NGU, and Cypherpunk side can be rigid.

People need to understand that Bitcoin is the door, not the house itself. If we keep seeing it as the house, then we will miss out on the opportunities that other decentralized solutions provide.

nostr:nevent1qqspwlynf4valn7m4x8nkxuajuyvwmg3fpk6wa6hhzgytjgr7krmvycpr4mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmp0qgs2kgtvqjhmdy8qagrfg9f88qqud7m5d8pgm6xpq8jfavp3cq8794crqsqqqqqpr6xk7w

I think maximalists, like myself, are very cautious due to the historical background of many things. However, when something both secure and highly promising appears, we are the first to jump in. We did that in the beginning, didn’t we?