Replying to Avatar Vitor Pamplona

I am a self-custody maxi, but at the same time, custodial systems must NEVER fail.

Imagine if every 3 years Fidelity went bust and all people's assets were gone. That would be ridiculous. We have been far too forgiving to our own industry.

Do we really need goverments to force crypto companies to behave?

Or can we get cashu mints to NEVER lose ANYTHING out of just ethics and doing what is right for your users?

Stop playing around and start making resilient systems.
4a
Deleted Account 1y ago 💬 1

can they fail after 30 or 100 years? can’t expect the same resilience when stacking counterparty risk factors

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Vitor Pamplona 1y ago 💬 2

There shouldn't be any counterparty risk. Custodial companies should not be lending your money out. They SHOULD just hold it.

If they are just holding it for you, resilience is about good software, backups and an infrastructure that NEVER goes offline, and never misses a single record.

This isn't hard.

4a
Deleted Account 1y ago

It gets difficult when you also want it for cheap or free

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Vitor Pamplona 1y ago

Then it shouldn't be offered by the company. And they know that.