NVK on Nostr: 🎯 The key difference is, on the fiat standard you must use a custodian. On the ...

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The key difference is, on the fiat standard you must use a custodian. On the bitcoin standard you have the choice (and responsibility) to self custody.

quoting note1qku…zuxx

Let’s be honest:

On the bitcoin standard, there’s no guarantee that a custodian won’t fail spectacularly every few years.

And on the fiat standard, there’s no guarantee that the system won’t burn to the ground every few decades.