melvincarvalho on Nostr: I like john more and more. Im cautious around the phrase "the reason X was invented". ...

I like john more and more. Im cautious around the phrase "the reason X was invented". We dont know the reason, or if there was only one reason, or if that reason has changed over time.

Two reasons stand out. One is to make payments without having to go through a trusted third party. The other is to make a money system that is not debased by a central authority.

Custodial bitcoin is obviously a trade-off. One one hand it weakens the trust guarantees, on the other it increases the network effect. You can make the case for either. I like non-custodial tho, for those that know how. Or to educate new users over time.