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1227 sats \ 7 replies \ @BITC0IN 11 Oct \ on: DISCUSS: saying "hold your own keys" is similar to "run your own email server" bitcoin
Fucking Retard.
Without disputing your eloquent summary of his take, I'm curious how you respond to the seemingly low interest in actually using bitcoin (by which I mean, holding your own keys). Are we just early? Do you anticipate a significantly greater adoption of self-sovereign bitcoin usage?
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We are very early. And more than that, people are still too dumb for bitcoin. People are so dumb that will embrace CBDC before bitcoin.
The hard truth: people don't want to be responsible for their own actions. And that's why many are afraid of using Bitcoin, because Bitcoin is forcing them to be responsible,
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Exactly they don’t WANT to self custody. They want to trust authority
Sad
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Some smart people prefer trusting chosen authority; for example, family units might delegate all the financial complications to one of the parents, and if an entire tribe operates this way, then any individual child doesn't face risk of getting disenfranchised, as long as the treasurers have standardised recovery infrastructure for preserving inheritances.
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people are still too dumb for bitcoin
may I encourage you today to consider a word other than "dumb" ?
please remember, my goal is aligned with yours; I want to help you reach a larger audience, and more effectively preach to the audience you already have.
I think lots of folks1 are ideologically receptive to regular good old Bitcoin Maximalism, however they might have various qualms about learning more; one of these is the embarassment of having been aware of Bitcoin for a long time, but first encountered it in scam warnings, and thus written it off.... then today, they feel like they've "missed the boat", and might even privately think of themselves as stupid. There's a huge and important difference between privately thinking of yourself as having been stupid in the past, and getting called stupid by someone else in the present.
I honestly think the problem for most people is similar to whether they're "too dumb for calculus". They could probably figure it out, with the right combination of time, motivation, and resources; mentorship helps, although I doubt all four are equally necessary.
Footnotes
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most of whom aren't on this site yet, although they might someday read screenshots, or even visit after someone shares a link... ↩
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I think the bar for "actually using bitcoin" is higher than only holding your own keys; at minimum, you must have supervision, or even exclusive control, of some parts of verification.... otherwise, you might hold keys generated privately from your offline wxBitcoin and share the address publicly, only for your grandchildren to discover that your idiot friend sent bcash to the address that was valid on both chains.
I have relatively strong opinions about whether certain dubious practices1 fall within the range of mature and respectable "use of bitcoin", however I realise that there are so many quirks and features accumulated in the decade-plus that the system has been suffering through its very own tragedy of the commons, that I consider some of them open to debate.
Footnotes
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the champion is giving away private keys, rather than bothering to run signing infrastructure... "you want the treasure? knock yourself out" ↩
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