I think Odell is on to something when he says that the road to hyperbitcoinization involves millions of people getting burned by custodians and smartening up.
I can’t assume your country but I’m in the US. Bitcoin is an “investment” high time preference idiots think they are going to get rich quick at. They don’t care if they leave it on coinbase. They have fiat gains on the brain.
Other places where the situation is more dire will adjust quicker than here.
True. I am just thinking we are the change we wish to see in the world.
The fact 99% are using custodial wallets shows we are not being honest to ourselves. I use wallet of satoshi for nostr because it’s just smooth fast ux experience.
Setting a non-custodial wallet is too much effort and it’s too much effort explaining to others how to use non-custodial ln wallets atm. I hope UX improves so it can all be done in a few buttons.
I like lightning and zaps is really cool feature. I just think Bitcoin would have much better Ux with if Bip300 (drivechain) was implemented.
I def understand and I think we will see improvements. I don’t know enough about bip 300 to comment on it (will be on my todo)
What I do appreciate presently is our optionality to conduct transactions with or without a custodian.
To my previous post it’s kind of crazy if you think about it. Before Bitcoin we really did not have any method to send money remotely without some middle man. Nothing. All finance is regulated and captured so for all practical purposes that middle man was government adjacent.
I’m also interested in how Ark will play out in all of this.
