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0 sats \ 3 replies \ @Solomonsatoshi 10 Sep \ parent \ on: "We don't need scaling because almost no one wants self-custody" bitcoin
Bitcoin as a P2P MoE can only function where it is held in self custody. Putting Bitcoin into the custody of a third party where it cannot be used as a direct P2P MoE defeats the entire foundational purpose of Bitcoin.
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0 sats \ 2 replies \ @didiplaywell 10 Sep
Putting all your bitcoin does that, not some. Some centralized solutions advance much faster than bitcoin, helping bitcoin in the process, not the opposite. I can save in bitcoin in self-custody because I can spend it through a trusted third party. The mix works, it's happening.
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0 sats \ 1 reply \ @Solomonsatoshi 10 Sep
Agree things like LN enable scaling and involve a degree of third party custody but with LN you can always convert back to the main protocol. Things like ETFs are completely different IMO and instead of enabling MoE as LN does, ETFs undermine the purpose of Bitcoin.
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0 sats \ 0 replies \ @didiplaywell 10 Sep
I'm not talking about ETFs but just about being able to buy your food on a daily basis. Pleb stuff. Only third party solutions make it possible for now, and that allows for faster bitcoin adoption in self-custody, not the opposite.
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