lucas on Nostr: With custodial "bitcoin banks" or exchange-issued synthetics like e-cash tokens, you ...
With custodial "bitcoin banks" or exchange-issued synthetics like e-cash tokens, you are fully trusting the custodian/issuer and have counterparty risk that they could go insolvent, get hacked, or pull an exit scam.
There seems to be more trust assumptions and points of failure. What am I missing here? #AskNostr
Published at
2024-05-11 03:17:35Event JSON
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"content": "With custodial \"bitcoin banks\" or exchange-issued synthetics like e-cash tokens, you are fully trusting the custodian/issuer and have counterparty risk that they could go insolvent, get hacked, or pull an exit scam.\n\nThere seems to be more trust assumptions and points of failure. What am I missing here? #AskNostr",
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