pull down to refresh

How important are "uncle Jims" to the spread of bitcoin self-sovereign adoption.
this territory is moderated
Pretty important - I think this is a middle ground with regard to trust.
For example, you can fully trust a third party to hold your keys, but then we're just recreating tradfi.
Or you can go fully trustless and do everything yourself.
But with Bitcoin's programmability there's room for a middle ground. You can create hybrid distributed setups where you're not fully trusting any given third party, but are rather only semi trusting one or more third parties to help you secure your assets.
reply
Do you run a "LN bank - uncle Jim" for your family and/or friends or known people that cannot run their own node?
reply
Nope, but almost nobody in my group of meatspace friends / family uses bitcoin or lightning. I gave up proselytizing it to them many years ago.
reply
I was about ready to give up on friends and family orange pilling until I found Sats VS Fiat. Joe Bryan put together a really good video here: https://www.satsvsfiat.com/
I showed it to my mom and after watching it I think she got it. She said "On the Brady Bunch they had 6 kids and a maid on 1 salary. Can't do that anymore with Fiatellos""
reply
That's very interesting... makes me feel better. Pretty much the same for me. I'm the weirdo and I embrace it.
reply
There's more to it, from a privacy and opsec point of view, the more you talk about something it becomes more likely that will be heard or shared with others outside the group and potentially lead to physical vulnerability.
reply
For sure. I rarely talk about bitcoin.