Listen up. It is ridiculous that the default custody relationship for newbies is still a trusted 3rd party (who they don't even really know - it's just a faceless corporation).
We should absolutely have solved this ages ago so that the default choice is trustless, robust, user friendly and ON CHAIN (& LN).
Bitcoin is a world where every user can be assumed to have a pocket supercomputer.
We have universal and free access to beyond bank vault level security. Plus timelocks, plus multisig, plus hidden alternate spend paths. When done properly it's more secure than their fiat balance.
Yes key based security is new to most and the unfamiliar is scary. Yes, great companies and products have emerged to address this with hardware and software and services. But, it's almost 2025 and the default position on self custody is still FEAR.
We've fucked up.
Think from the other direction: covenants are useful not just to restrict your own spending, but mainly because you can prove to a counterparty that you cannot spend it any other way. This removes a layer of trust, that currently we can only solve with multisigs, but with that comes a bunch of interactivity requirements.
Good analysis, with points I hadn't thought of.
https://www.zherbert.com/bitkey/
The direction doesn't seem very nostr:npub1sg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q0uf63m?
What happens when Block gets hacked and all their users KYC, IPs, AND complete on-chain history gets leaked? Subpoenad?
When users with compromised phones blindsign an evil TX, will you repay them, or...?
I get the tradeoffs you’re trying to make, but it seems to be setting people up for trouble? Surely a better UX gently introducing them to address validation etc is better? If not, isn’t this closer to the legacy system than Bitcoin’s ethos?
So bored of people unable to imagine a world without masters. It already exists! It’s here! Come and use it!
https://twitter.com/bretweinstein/status/1652781562998542341 
You can get there by piecing together the fragments.
Start at the bottom layer: cells are intelligent actors that communicate and cooperate toward higher order goals - biologist Michael Levin, eg https://lexfridman.com/michael-levin/ but any video or pod he’s on will work.
From the other direction, spiritual folks have had the concept of the soul since forever, but it’s obviously hard to put into scientific terms. However-
1. On that Lex podcast above, Levin describes a feature of death that seems to make no evolutionary sense - beings will give up and die when their situation seems hopeless, but in identical situations when they still have hope, it demonstrates they have plenty of energy to fight (example experiment with rats trapped in water, some taught that if they hold on long enough they get rescued). Why ever have ANY instinct to give up if the goal is to perpetuate your genes, surely any cost is worth paying? That does sound a lot like a video game player resetting the game, though…
2. Excellent book by a full skeptic neuroscientist who investigates spirituality/psychic phenomena/pseudoscience mumbo jumbo, and is ultimately brought to accept the evidence suggests the physical plane is not all there is: https://www.goodreads.com/book/show/58977909-proof-of-spiritual-phenomena
Could add much more but I’ll leave it there for now
You can get there by piecing together the fragments.
Start at the bottom layer: cells are intelligent actors that communicate and cooperate toward higher order goals - biologist Michael Levin, eg https://lexfridman.com/michael-levin/ but any video or pod he’s on will work.
Have you heard of https://en.wikipedia.org/wiki/Kardashev_scale ? It might interest you. If you're after a very good video explanation by Michio Kaku. This is great too...
Yes but I don’t get the relevance to my comment?
This totally misses the wood for the trees!
Either: your consciousness/personality is an emergent phenomenon resulting from the community of cells that make up your body - think like how countries can have a character, or toxic bitcoin maximalists - in which case without the cells there is nothing.
Or: consciousness is something originating outside the body and maybe 3D space itself, you might use the term “soul”, in which case they voluntarily elect to constrain themselves inside physical bodies for some purpose - some say just to experience the universe, or experience struggle and hardship, perhaps to provide more meaningful existence.
Notice how in bitcoin we voluntarily constrain ourselves down from the huge scope of the Wild West internet, into this very limited system, because it gives our interactions more significance, so much so that we can use it as money, the foundation layer of society…
Best web-based front end for my lightning node?
Tried Thunderhub and Ride the Lightning, way too nerdy, need something way closer to the mobile wallet experiences. QR codes, attention to UX etc.
That’s really cool!
Cos it’s still custodial, just much less bad type of custodial. You’re not transacting sats, but sats IOUs.
Conceptually just like fiat started out, which worked ok until the rugpulls.
That said, the people working on bitcoin ecash are smart, realistic, know its weaknesses and are working to mitigate them.
I think Calle had an idea for provable reserves, which would eliminate the creeping fractional reserve risk.
Future generations will be amazed that we used to casually transact on the base layer ourselves, like we are amazed at pre-inflation prices in old catalogs.
I guess, feels like a reach though. It’s basically a symptom of shitty UX design. Also it’s inside an effective monopoly (don’t like this airport’s design and loading practices? Just use the one down the street next time!) propped up by crony capitalism (government restricts who can build airports, and subsidises them)
Frustration at the sheer dependence of your position and the need to feel you’re doing SOMETHING, making some kind of progress.
“Staked proof of trust” 😂
They cannot even imagine something being trustworthy by *removing the need for* trust.
Maybe I’m naive, but Ray just doesn’t seem the type.
He *says* that a ton of accounts are frozen by US regulators, and there’s simply nothing he can do for those until they’re unfrozen. The US also insists they’re not allowed to tell the customers why they are frozen.
Heartbreaking to read the comments though. If it can lead more people to learn self custody at least there’s a positive in the long run.
Substack notes is like nostr, only all your content and followers are owned by a third party who holds absolute power over you and is beyond rebuke 
People will be coming in here expecting all the buttons to work and shit.
