Fiat banks started the same way. Over the decades they degraded into the same garbage with different brands.

The spammers who are openly hostile toward bitcoin & trying to attack the network in increasingly troublesome ways want OP_CAT... Why should I want something that people who explicitly talk about attacking bitcoin want themselves?

i don't have an issue with how people are using bitcoin. ive specifically said numerous times "what kind of asshole would i be if i told someone how to use bitcoin". if you want to scam yourself and do dumb things, that's on you, not me.

what is on me is trying to understand what Ben's thoughts were on the matter, because i respect him and am very curious about the decision.

im trying to learn here. im never, ever going to use an ordinal or inscription or rune or whatever the next scam is, but i want to learn about them and the use cases for OP_CAT, hence the reason for me asking.

the one thing that know that stands out is how overly hard people are pushing for this and laughing the entire time while doing it. that isn't a good look and most likely will never make me support it, unless i hear from people i respect that change my mind.

the use cases you mentioned about spending conditions for mints or ARK or LSP improvements are worth learning more about.

plus, im not sure how more ordinals or inscriptions or runes helps the people in developing nations. if they are a byproduct of people in developing nations having easier chances at using bitcoin, then it may end up being a net positive. we shall see.

Do you have information about how Nubank is using it or will use it?

So it makes Shitcoining easier like I said? How does this protect me? I already self custody and make payments without an issue.

Just like you can choose between many fiat banks or fiat paying services today.

You can't "decide" how to use it, if you can't afford to pay the on chain fees. Then you are forced to trust custodians.

If you look at lightning ⚡ as a self custodial payment network, it is great. But that's only a snapshot of the present situation.

If you consider that it must become 99% custodial once Bitcoin adoption rises significantly but Bitcoin core stays the same, it becomes a "slightly better than traditional banks" payment system.

Could still be a plus for society. But we shouldn't praise lightning as "the future of money". The improvement just isn't big enough.

“Don’t ask questions. Nothing to see here.” Lol listen to yourself.

That stood out to me too. Very strange. I get it that people change and projects often fail. If this was all done on their own dime then it would still suck, but life happens. But what accountability is there, or should there be, when donations and grant funds are involved, especially within such a short time frame? Do they pay it back? Do they keep it? Did they already spend it and can’t sustain themselves any further? The blog post and announcement sound like corporate BS and leaves a lot of questions unanswered.

Well if self custody is that hard where they can’t keep 12 words safe, do we have any hope this project will succeed in becoming the world’s money??

Yes, they are exactly the same idenity except nostr starts "npub" and taproot starts "bc". Both use schnorr sigs. So that means that all nostr accounts are all wallets, and all taproot accounts can participate in nostr social and apps. Nostr has a distributed ledger with best in class consensus via taproot. Any nostr user can send money to any other nostr user, they just dont do it, or are not aware. On top of that all of the layer 2 solutions that emerge on bitcoin, rgb, taproot assets, runes, omni, colored coins, liquid, smart contracts, can be used with nostr, and vice versa. Again this is not used at the moment, but it unlocks a huge amount of functionality. Whether or not the current community wants that functionality, I dont know. But there is enormous untapped potential.

Most wallets will generate one for you…. This should be ok for the average user… how is it hard to back up your private key? There are tons of solutions out there

My point was you have the intellect to understand #Bitcoin if you can open a bank account

Btw it far easier to generate a BTC address than go online and/or go to bank and open account. The mental framing around Bitcoin should be that it’s easy and that fiat is hard to use.

Let’s face it self custody isn’t hard. It’s that most people lazy and don’t want to deal with it.

In the western world if you can figure out how to open a bank account, you can learn how to self custody #Bitcoin

There is so much content on this issue on the internet that there is no excuse to why people can’t learn. I wish content creators would stop giving a pass to newcomers.

By saying self custody is difficult or hard to understand, you are implying that Bitcoin is too hard to learn and use. It’s by far more easy to use than fiat dollars. Trying moving dollars from bank account to bank account in 10 mins, you can’t.

Bitcoin is easy. Fiat is hard.