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131 sats \ 2 replies \ @Scoresby OP 11 Oct \ on: DISCUSS: saying "hold your own keys" is similar to "run your own email server" bitcoin
I don't agree with the statement. Holding your own keys is significantly easier than running an email server and keeping it updated. However, a counterpoint is that holding your own keys does put more on the line if you screw things up.
I don't run my own email server. But I've had enough trouble with spam filters wrecking my day when I try to do email through my own domain that I worry a similar dynamic could be created with bitcoin: if we rely on a diversity of service providers to give us bitcoin services and then they get mergered and we only get a few big providers and then things are gated. Also: we live at the mercy of our email providers. If google and microsoft refuse to let your emails reach inboxes, good luck on getting any business done in this world.
Running an email server (I do that for many years), is like running a PUBLIC ROUTING LN node. You need some skills if you want to do it properly.
But you can still run a PRIVATE LN node with less skills required and is perfectly fine.
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The worst part of this analogy is that you do not have to run a mail server to not lose control of your emails and your address. You cab download the mail and switch your DNS at any time and leave a mail provider.
That's not true of a bitcoin custodian. They could rug you. You can't download / copy bitcoin or switch without the custodians permission.
There are many better analogies. Passwords. ID. Domain names. But they just suck less.
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