237 sats \ 1 reply \ @MKZI 14 Sep 2022 \ on: Fedimint and a new era of "Free Banking" bitcoin
Fedimint has to be the most interesting edge case development for Bitcoin this halving.
As someone who advocates for sovereignty through self-custody of ones keys - I don't understand the resistance from much of the Bitcoin space, seems ignorant to me.
This is not being promoted as a preferable solution to self custody - rather an alternate custody option with far greater improvements over the easily captured centralised 3rd party exchanges where the incentives of those in control do not align with those who use them - which unfortunately is a large portion of the Bitcoin community.
Fact of the matter is, you probably already include a layer of trust (on a personal level at least) in your self-custody/backup solution already.
I could see Fediment's being a useful resource for those who self-custody as a way to move Bitcoin privately, but predominantly as a means to enable safer access to Bitcoin and Bitcoin based fiduciary for the late majority.
Thank you for your thoughtful reply.
I don't understand the resistance from much of the Bitcoin space, seems ignorant to me.
Yes, I guess I can understand and share in the desire to protect noobs from losing their presious sats via a custodial rug pull.
I could see Fediment's being a useful resource for those who self-custody as a way to move Bitcoin privately, but predominantly as a means to enable safer access to Bitcoin and Bitcoin based fiduciary for the late majority.
I think I agree mostly with this.
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