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17 sats \ 2 replies \ @BenAllenG 10 Apr \ parent \ on: 47% of Bitcoin hashrate uses same custodian bitcoin
If they lose it themselves, there is no-one to blame. In the age of tort I would imagine you could try to sue the pants off the custodian if they lose it. I haven't seen any custodian contracts but I imagine that is the thinking. There is no one to sue if you lose it yourself
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0 sats \ 1 reply \ @Scoresby OP 10 Apr
Right, so they do it out of convenience, and just count on the courts as their insurance. Still, no one makes a decision and thinks this is a stupid decision. so in their minds, it must make sense somehow.
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34 sats \ 0 replies \ @BenAllenG 10 Apr
Considering that miners need to sell/send payouts frequently to keep up with their operating costs and distribute it to the individual miners it probably has a lot to do with convenience. Plus it appears part of the contract give the custodian first dibs on the rare sats as they are skimming them out.
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