Nostr Web Client

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btc_remnant

> But that doesn't mean people can just run off with our sats

What? It means just that!!

That's why we've been saying "Not your keys not your coins" for 10 years!!

You have to be crazy to put your money on the Raspberry Pi of someone that you don't know...

Vitor Pamplona 1y ago

I don't disagree. But life is about putting your property in somebody else's hands all the time. When you invite people to your house, they are ready to take your property. It's on their hands.

Families do this ALL the time. The family's money is always custodial with somebody. Custody is not only about trust. It's about systems.

Companies do the same. The money is always controlled by one or more employees. Even when so, there are securities in place to avoid misbehavior.

I don't think we will ever get rid of custodial systems.

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Discussion

calle 1y ago

We will always have custodial systems. Let's build better custodians then!

(I wish we wouldn't, but I bet we will)

Vitor Pamplona 1y ago

nostr:nprofile1qqs9pk20ctv9srrg9vr354p03v0rrgsqkpggh2u45va77zz4mu5p6ccpzemhxue69uhk2er9dchxummnw3ezumrpdejz7qgkwaehxw309a5xjum59ehx7um5wghxcctwvshszrnhwden5te0dehhxtnvdakz7qrxnfk see if you can bake into the Cashu's culture that apps should NEVER lose anyone's money.

I do think that is missing in today's devs.

They are not caring enough to ship bug-free software and establish mints that have procedures in place to be there until everybody takes their money out.

If they open a mint and then just shut the server down because they got bored, their names should be marked forever (and should face lawsuits).

They shouldn't play with money if they do not have the structure for it.

calle 1y ago

It's really not possible to lose money if the crash is properly derived from a seed phrase Wich all libraries out there can do

calle 1y ago

*ecash

Vitor Pamplona 1y ago

Then see if you can find my NIP-60 tokens :)

There should be about 2250 sats somewhere. But all NIP-60 wallets are saying that I have 0 sats and I never took those sats out... So...

cloud fodder 1y ago

any good squirrel knows that if you dont melt the nuts, theyre not your nuts ⚡

Tim Bouma 1y ago

I agree with you but this is still largely in the domain of hobbyists and coders. Serious operators have yet to enter this space.

Jay Stratton 1y ago

Thanks you for these words, as I think they carry weight coming from you. We need to move beyond the dismissive "not your keys not your coin" commentary, even if it's technically true. If the Bitcoin community does not build robust and reliable custodial systems for normal people, then institutions and the mainstream finance world will..which i think we can all agree would not be a positive outcome.