Custodial Bitcoin is the best shitcoin
Discussion
better to not use shitcoins at all
or at least hold off as long as possible.
theyre already saying
oh well it cant be helped, we need custodial solutions
"cypherpunks"
I think so too but it’s okay to put a little trust in some of these solutions. Society runs on trust. We trust other drivers not to be irresponsible and run red lights. We trust restaurants not to spit in our food. We trust farmers to give us good quality meat. Sure there are some bad people that take advantage and hurt others. But for the most part, people are generally good. As long as the incentives are structured the right way, the rug risk can be low.
We are not discussing whether it is good or not, we are discussing whether it is possible or not.
"Even so, we would be in a much more advantageous position than we are now, "
homie doesn't even know his own opinions
I noticed you’re using primal. Primal has a bug where it removes the tags of other users when replying in a thread. Consider using a different client until they fix this. Here’s an example.
nostr:note19w243cwm6830smntz9gspu9sfwy79cclqkzdgrsc6g24rya4c4wsc3hcjc
“sCaLe To ThE eNtIrE wOrLd.”
No other way to scale it at this point
Yeah I don’t think it’s all that important if bitcoin scales to the entire world, as in a universal monetary unit. It’s obvious Bitcoin wasn’t designed with that particular/granular end in mind. If any individual does not object to the tradeoffs, great, use whatever custodial option you want.
I think people just need to be aware of the tradeoffs. There is always a risk that you’ll lose the wallet in your pocket or get it stolen. That’s why you don’t carry your life savings there. I treat custodial wallets the same way. As long as you keep the large stack in self custody, I think that’s a reasonable tradeoff.