“we” are not zapping fiat over here
brag away
Discussion
What distinguishes custodial bitcoin from fiat?
one has balances that are calculated in bitcoin the other in fiat
So both ruggable IoU numbers on a screen.
Yes, at different levels. A user is more likely to get rugged with custodial bitcoin, unfortunately.
However, most users are not keeping their life savings in a custodial bitcoin wallet that they use to send zaps on nostr and most users are not putting their fiat money in banks that are not government backed for purposes of sending fractions of a penny on decentralized networks.
You are making excuses for bragging about using a shitcoin (custodial LN). As I said, that's nothing to brag or to be proud about.
you were comparing custodial bitcoin to to fiat and PayPal
it seems you still don’t know the difference between a central bank currency and a currency that’s created by PoW
Custodial bitcoin is a fiat and paypal equivalent, that's the point.
I know the difference better than you apparently, seeing that you don't see that lack of 3rd parties is what makes bitcoin not shit.
It’s not equivalent though, you can’t run a node and have your family and friends zap fiat around.
3rd parties will be used to scale bitcoin, financial institutions will not.
Bragging about the possibility of running a node is like bragging about the possibility of having sex. Only actually running a node is brag-worthy (which 99% of zappers are not doing).
Sorry to break it to you, but 3rd party "scaling" custodians are financial institutions, it's literarily the definition of a bank.