makes sense to me.
my main threat model is that a deflationary SoV accepted by the state
makes a inflationary MoE a necessity.
a de facto CBDC.
in a free market situation I agree with you.
in the situation we have now... 🤔
I don't know I can think of any better way.
I had the same concerns early on when I first got into Bitcoin. I was viewing it through the lens of gold, where the currency was centrally controlled, while the store of value seemed independent (though still largely held in banks).
But once I learned about Lightning and later, Fedimint and Cashu a lot of those concerns faded. These innovations make it too easy for people to use sats both as a store of value and a medium of exchange, without relying on centralized infrastructure.
That said, in the short term, I think you’re right, we’ll likely see a scenario where a hard-capped SoV leads to the rise of a CBDC as the MoE.
I think this will cause a split in the population. The MoE will become politicized, and I wouldn’t be surprised if CBDCs are marketed as the "right," "moral," or "unselfish" currency to use.
except LN tends towards centralized hubs and still has shitty UX
and cashu is straight up custody
so if we gove that L1 is lost to SoV
there are no MoE decentralization silver bullets afaict
but it could happen
Instead of infighting we need to remember our common goal of separating money from state. That’s how we win.
You set a good example 🔥
Thank you and I appreciate all your counter arguments and adversarial thinking it’s a lot more useful to think things through then repeat mantras and slogans! 🤝
It's kinda funny how many believe us to be in an echo chamber, when we often disagree or debate nuanced topics.
It’s a bit of a bubble but I find overall ppl are thinking for themselves and not just blindly following the narrative on here. I think there are some very intelligent and thoughtful ppl on Nostr.
Yeah, Ive been wondering about the bubble... It's hard to think through, because I might be inside of it.
But I think it's that we agree on 80-90% of things. That's the bubble.
Within the bubble is where the fighting, arguing and debating comes in.
Yea I think it is because it is still very niche compared to say Twitter
Agreed 100%
The infighting is good, but it's a double edge sword.
It can wound us, but it can also strengthen us.
That's fair.
On the Lightning side, I honestly don’t mind the centralization trade-offs, as long as decentralized options remain available. Personally, I like using both. I manage my own Alby Hub, but I also use Aqua and WoS depending on the context. I just switch between them based on what I’m doing.
As for Cashu and Fedi, it’s still early days, but again, I don’t have an issue with the custody model, it’s all about trade-offs. These tools haven’t fully matured yet, so it’s tough to predict exactly how they’ll evolve. But the potential is incredible. Being able to encode sats as emojis, for example, is mind-blowing. It could completely reshape how video games, websites, and even advertising work.
That said, I don’t think the majority will ever want full self-custody, and I’m okay with that. Most products won’t be built around it, and that’s fine. What matters to me is that the option exists. As long as people have the ability to opt into self-custody and open systems, that’s what really counts.
That being said, I fully recognize that centralized products could eventually be leveraged by those in power to exert control. But that’s a risk we need to stay aware of, and be ready to push back against when the time comes.
the network and existing tooling doesn't support the amount of people who do want full self custody and your conceptual model puts these people last
