Replying to Avatar calle

What many people don't get is that "custodial vs. non-custodial" is NOT about how secure the Bitcoin is that's held by the custodian. It doesn't matter. Think like an autist or a mathematician:

Do you control your Bitcoin, yes or no?

It's not about "how easy can someone collude to steal your Bitcoin that you don't control" or "does the code run in an HSM" or "theft would be detectable". All these things don't matter for this question. They're interesting but that's not the point. You're thinking about the wrong categories, namely *security*, not *custody*.

Words have meaning. Unilateral exit is a necessary condition.
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Taoist Bitcoiner 9mo ago

For those currently working for someone else as an employee, their labor is already held hostage in your employees custody. Trusting an employer to manage a mint doesn't add any new risk vectors, it eliminates banks from the equation.

'Payroll Mints' seem a potential product/market fit, hopefully shortening pay periods once the toll booths operators are gone. i.e. hourly/daily, rather than weekly/bi-weekly payouts.

'Redeeming' earned eCash through LN, topping off LN spending wallets on its way into on-chain savings. Obfuscating our public earnings thru eCash & LN, before privately allocating savings into the public on-chain ledger.

This IS The Way!

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ᴛʜᴇ ᴅᴇᴀᴛʜ ᴏꜰ ᴍʟᴇᴋᴜ 9mo ago

my father used to get his paycheck from his employer every week in an envelope in cash

that was 30 years ago

sound familiar?

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Taoist Bitcoiner 9mo ago

I have learned the hard way as an independent contractor to ALWAYS get paid at the time services are rendered. I've literally had clients call and stop payment on checks before I could drive straight to THEIR bank to cash them. Experience taught me to NOT deposit into my own accounts, to just eat the fees for non-account holders, AND to offer a discount for paper cash payouts to avoid these risks and headaches entirely.

I foresee LN redeemable NFC 'payroll' Nutstashes evolving as reusable expense, stipend, and payroll payment keychain doggles.