Just to add - I'm not against or ridiculing ANYONE building solutions to improve Bitcoin ecosystem usage.
All of the people doing so are far smarter than I, and I commend them for taking action. I just don't think custody is a viable long term approach.
However, right now, there aren't many other viable alternatives. Tradeoffs everywhere!
Mainly yes. Giving up custody is not a scaling solution to Bitcoin. Calle says this himself (one of the many reasons I have the utmost respect for him).
Outside of that, I really don't think there is, or ever will be, a large appetite for people willing to become mint runners. High profile ones will be regulated into oblivion and grey market ones will be a huge rug risk to users.
What does that leave? Small knit 'community' or 'trusted' outfits like Bitcoin Beach etc where workable solutions (albeit with inferior privacy) already exist.
Yep! I'm bearish on e-cash, but Calle is a real asset to us.
Yep great pod. I might be bearish on e-cash, but Calle is a legend.
His own pod or a guest on someone else's?
I should listen to that more! Are they on Nostr?
GM Folks 🧡⚡
Best podcast you listened to this week? All topics fair game.
GO! 👇
A fine approach if you have the skills and means to safely back up and secure multiple seeds. For the majority though, KISS applies. Especially when you consider I heritance!
Why would you need multiple seed phrases?
GM Nostr 🧡⚡
This week I've had calls with 4 different people and got to be a part of their first steps to self-custody.
All of them were petrified of withdrawing their coins from Coinbase etc before the call. They all walked away with new private keys, securely backed up and their sats under their full control.
LFG 🔥
GM Nostr 🧡⚡
This is VERY cool. Love to see it!
