Replying to Avatar Carman

Custodial bitcoin has none of the properties of bitcoin. We're destined to be like gold if not worse. If we're already at 41% custodial when txs are practically free, then it'll be so much worse in the future when fee rates go up.
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McCoy 10mo ago

Not that worried as long as we can exit.

There’s a credible chance people can exit the custodian. Credible - meaning it’s not too difficult for them and some users have proven that they do it.

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