Replying to Avatar Saberhagen The Nameless

If it is custodial, it is an IOU, not Bitcoin.

Those IOUs can also be printed by the mint arbitrarily and don't have to be backed by Bitcoin.

You have private unbacked IOUs. AKA shitcoins.
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ski 2y ago

True, it’s a shitcoin, but still obsoletes monero as THE shitcoin lol

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Saberhagen The Nameless 2y ago

You're choosing the custodial + arbitrary money printer option just because the word "Bitcoin" is slapped on it. Sounds like fiat.

Some Bitcoiners really have lost their way