Replying to 86eb3e12...

Yes, at different levels. A user is more likely to get rugged with custodial bitcoin, unfortunately.

However, most users are not keeping their life savings in a custodial bitcoin wallet that they use to send zaps on nostr and most users are not putting their fiat money in banks that are not government backed for purposes of sending fractions of a penny on decentralized networks.
Avatar
sommerfeld 2y ago

You are making excuses for bragging about using a shitcoin (custodial LN). As I said, that's nothing to brag or to be proud about.

Reply to this note

Please Login to reply.

Discussion

86
86eb3e12... 2y ago

you were comparing custodial bitcoin to to fiat and PayPal

it seems you still don’t know the difference between a central bank currency and a currency that’s created by PoW

Avatar
sommerfeld 2y ago

Custodial bitcoin is a fiat and paypal equivalent, that's the point.

I know the difference better than you apparently, seeing that you don't see that lack of 3rd parties is what makes bitcoin not shit.

86
86eb3e12... 2y ago

It’s not equivalent though, you can’t run a node and have your family and friends zap fiat around.

3rd parties will be used to scale bitcoin, financial institutions will not.

Avatar
sommerfeld 2y ago

Bragging about the possibility of running a node is like bragging about the possibility of having sex. Only actually running a node is brag-worthy (which 99% of zappers are not doing).

Sorry to break it to you, but 3rd party "scaling" custodians are financial institutions, it's literarily the definition of a bank.

86
86eb3e12... 2y ago

Weird flex to say that running a bitcoin Lightning node for friends is like running a bank and should be thought of as such. I don’t see nearly the amount of compliance that banks have to go through.

also, congrats on the sex