there is custodial that is:
- kyc/aml ridden unsafe
- permissioned account system
- orwellian surveillance nightmare
- debased via fractional reserve
- gatekept and metered walled garden
and there is custodial ecash:
- private
- either fungible or programmable
- accountless and individually permissionless
- auditable supply (fingers crossed)
- globally interconnected via ln
both can rug you tho. but it's pretty clear which one is the winner.
moonsettler
npub1dg…4mccn
2023-04-20 21:48:15
in reply to nevent1q…zu88
Author Public Key
npub1dgesr3zcgyjv2z0050h7auzdlf88gycry7tlk7wsypmgngy97yxqv4mccnPublished at
2023-04-20 21:48:15Event JSON
{
"id": "11c2fec7683d56f06c1ceb99a5236bb4dba791cb828fd70e7f3b7589916ccbe3",
"pubkey": "6a3301c4584124c509efa3efeef04dfa4e7413032797fb79d0207689a085f10c",
"created_at": 1682027295,
"kind": 1,
"tags": [
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"root"
],
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[
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"content": "there is custodial that is:\n- kyc/aml ridden unsafe\n- permissioned account system\n- orwellian surveillance nightmare\n- debased via fractional reserve\n- gatekept and metered walled garden\n\nand there is custodial ecash:\n- private\n- either fungible or programmable\n- accountless and individually permissionless\n- auditable supply (fingers crossed)\n- globally interconnected via ln\n\nboth can rug you tho. but it's pretty clear which one is the winner.",
"sig": "8210d30b80d4a48d7f5a3adc60639c83ba50436c0c9fec30b99ef926f981cd575bf2a0c8deaccdd2dd0244981dc82e36a80193d14007304d5dceeff7a9b0f060"
}