Like cash app, it’s a good step on the path to non-custodial
Discussion
agreed
This addendum is important! 🤙
How does wallet of satoshi get around all the red tape?
Based in ___?
Thinking about bitcoin language like self-custody or non-custodial. Unsure on whether this works for the masses. (But I haven’t found something I like better either..!)
#[0]
What about we switch to “sovereign” and “non-sovereign” (custodianship)?
Why?
The negated part in a dichotomy is psychologically perceived as the worse option.
With “custodial” and “non-custodial”, we negate the favorable option.
The logic I’m with 💯
I just feel it has to be so simple it’s obvious (maybe this is me overthinking too).
With sovereign, for me being British too, it has too many connotations with the royals which might confuse (?),although I might be OTT here 😅
I’m with you, I’m also not too convinced with sovereign, too tainted of a term.
Does any term come to your mind, though, where we have the custodial version be the negated one?
… Self-custodial & non-self-custodial, would do it, but way too complex for sure!
I’ve looked at terms factoring in what it means to the users with phrases like self-controlled, 3rd party owned, etc. but they all sound shite and look more complicated written too.
The other way is you basically just ignore custodial wallet language completely and then focus on making self-custody language more obvious.
Because comparing to a bank, we know the bank has our money, applying that logic >>> why are we explaining this to people unless we have to. It’s a fun area to explore there for sure!
#[3] something I’m sure you have thoughts about too!
big fan of making steps towards obvious language for self-custody. the more tech heavy language we use, the less inclusive it becomes.
instead of “non-custodial, self-custody, etc” I try to lean into phrases/action words like “hold your own Bitcoin”.
not everything needs an elaborate name that needs a definition 🤓
Wallet of Satoshi custodial wallets are like ‘bank accounts’
Blue Wallet non custodial wallets are like ‘ownership vaults’
There’s gotta be some better words 🥴
Any idea on a one-word short and non-negated) version for „non-custodial“?
HODLer 🤣
Not short, but maybe: autonomous
Hm, also doesn’t fit perfectly, I’d say.
ChatGPT consultation brought up self-controlled, self-managed, self-directed.
After asking it to come up with a term without the „self“ prefix, it spit out „decentralized“
Grr!
Maybe we should make up and brand a new term for the concept of non-custodianship
I don’t like the negation in the term.
Is self-custodial a word?
It is, but I was wondering if any term exists, that doesn't need the "self" prefix.
ChatGPT came up with all kinds of "self-" ideas.
What's wrong with the self- prefix, may I ask?
First of all, I like “clean” dichotomies, which leads me to custodial & non-custodial, custodial & self-custodial doesn’t fulfill this as nicely.
The issue with custodial & non-custodial is that the favored option (non-custodial) is the negated form. Any negation carries a subtle negative connotation with it. Doesn’t matter for people who understood the concept, but for absolute beginners, such subtle nuances in language can make the difference on which option they’re leaning towards.
So, I would love to have a short, one-word, that describes the concept of self-custody, which we can then negate and we have the custodied option.
After some consideration, I think such term doesn’t actually exist. So, we either come up with a completely new word or .. we just stick with the current terms
🤷♀️
And the more we all focus on daily adoption and real use cases beyond speculation: shifts in language will come out of necessity. So for now we have these terms but overtime I think you’ll continue to see a shift🤞