And when you have an arbiter you have custodial risk and being a custodian is MUCH HARDER in terms of risk.

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Exactly, nobody wants to be the custodian. Too many targets on their back.

Trusting a custodian is hard. Being one is harder.

Especially when the target market is penetration testers. Particularly the most skilled ones.

Sometimes we just gotta be courageous and do what needs to be done tho. That's what trailblazing is about.

This is why the ETH crowd loves smart contracts and DAOs so much. But that won’t ever fly on Nostr. I’ve ever seen a single “DeFi on bitcoin” product to date that I would consider using other than just to play around with and forget.

*never