Nostr

There is still some toxic maxis that simply want to live in a fantasy world where everything is ok but have no contact with reality and aren’t ready to discuss point of views without attacking me

I’ve done a lot for bitcoin adoption, dozens of thousands of people have joined a group where I admin for years learning about bitcoin.. I’ve traveled around the country teaching and I’ll still do it because I’m committed to it

Yet, I still think self custody has to scale.. I’m fine with high fee market coming as long as we don’t ignore reality and come together with a solution long term so more people can have access to self custody without defaulting into custodial solutions

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Discussion

I’m Jin 2y ago

I 100% agree with you. If people have no choice but custodial LN because of high fee, it’s nothing different as current system. Big guys could trace back through LN node runners(which would be high profitable global companies) and well yeah it’s just same as banks.

So self-custody should spread more to people.

marcelo 2y ago

Nico, I agree with you and your points. Plus, if the high fees were because of a justifiable good and necessary reason (like driving adoption or helping countries with high inflation and currency issues) I would be ok with it.

The fact that all this is driven for the reason it is, it is a bad thing.

Nicolas ₿ ⚡️ 🇦🇷🧉🤙💜 2y ago

Good thing is that there are smart people thinking on solutions

eltoo (sig hash any prevout), bitcoinrollups https://hrf.org/zkrollups etc

marcelo 2y ago

This is exactly one of the examples I worried about…

https://twitter.com/marcemr19/status/1655378068083470336?s=46&t=4SmoU9jYPbVmSJX7v9E4fg

Brisket 2y ago

He has a point even though he didn't articulate it well. We should be able to discuss this stuff in a civilized way.

I think custodial solutions will need to exist. 8 billion people can use bitcoin but we will need to use custodial solutions. I'm not talking WoS type solutions - they're too centralised.

I will always control UTxOs but most of the world won't. I'd like to find a way that they can benefit from bitcoin without having to trust a single entity.

I like the community custody model that Fedi could enable. Multiple LSPs for each Fedi then provide lightning liquidity for sats to exit & enter. There's risk for individuals in each Fedi but the risk is not systemic to the network.