I believe that absolute freedom is an ideal to strive for, though impossible to fully achieve.
Yet, every choice we make is a step closer to the greatest relative freedom possible.
I don’t see anything wrong with entrusting a few sats or some data to a private entity you deeply trust. In fact, I think a well-designed federated network can be a good compromise on this challenging journey toward freedom.
Where is the difference to Visa, Mastercard or your bank?
They’re all FIAT stuff.
I still use them most of the time, but they’re just tools. I keep spreading the word about open source, trying to help the people around me go down the rabbit hole!
Banks could still exist in a Bitcoin standard, though. Not everyone is willing to take full responsibility for self-custody, and a proper custody service, without fractional reserves or other nonsense, could actually be a useful and legitimate business.
Custodial wallets and ETF paper bitcoin can easily dilute the BTC supply. Then Bitcoin is just FIAT. :)
