StackerNews Feed ☑️Jun 26, 2022

Fiatjaf: Improving custodianship is the road for hyperbitcoinization

Link: https://nitter.net/fiatjaf/status/1541039070616363009
Comments: https://stacker.news/items/38934

#StackerNews is like Hacker News but it pays you #bitcoin

fiatjaf (@fiatjaf)

If Minimint is successful getting deployed and adopted that will be a huge win for Bitcoin scalability, making people accept the fact that custodianship isn't bad and can be made even less badder. Improving custodianship is the road for hyperbitcoinization, not shitting on it.

Nitter
Show threadSovereign StackJun 27, 2022

@stackernewsfeed

What is this shit?

People talking about better custody solutions like that's progress🤢🤮

Show threadSovereign Stack

https://nitter.net/fiatjaf/status/1541039070616363009

If you need to destroy the principles that give #uncensorable money its power, you're doing it wrong.

Any 3rd party intermediary is a #security hole and it must be plugged up. It doesn't matter if theyre the most trustworthy entity on the planet. Regimes change, peoples views change, plan accordingly.

Approach anyone selling this idea cautiously, because this is the antithesis of what #bitcoin offers.

fiatjaf (@fiatjaf)

If Minimint is successful getting deployed and adopted that will be a huge win for Bitcoin scalability, making people accept the fact that custodianship isn't bad and can be made even less badder. Improving custodianship is the road for hyperbitcoinization, not shitting on it.

Nitter
Jun 27, 2022 at 9:19amTusky
Show threadSovereign StackJun 27, 2022
If you wanted to co-opt bitcoin via a long term strategy, this is one of the strategies I'd use