Replying to Avatar Seth For Privacy

If the only solution for Bitcoiners to have private payments is custodians (be it e-cash, Fedimints, etc. as is all the rage) then Bitcoin will simply be dead for me. Feels like the ultimate cop-out.

Custody is the line in the sand that cannot be crossed. Custody not only opens up immense risk for loss of funds, it also makes these tools far less resilient to adversarial environments.

Can "they" stop every Bitcoiner from keeping 12 words safe? No.

Can "they" stop a few popular mints from operating? Absolutely.
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Enki 1y ago

This is kind of how I'm starting to feel. The rush to more custodians is really fucking stupid.

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Enki 1y ago

I do genuinely hope that other tools will be developed that are not custodial. But with all the hype of e-cash and fediments...Feels too much like, just trust me bro, instead of don't trust verify.