If the only solution for Bitcoiners to have private payments is custodians (be it e-cash, Fedimints, etc. as is all the rage) then Bitcoin will simply be dead for me. Feels like the ultimate cop-out.
Custody is the line in the sand that cannot be crossed. Custody not only opens up immense risk for loss of funds, it also makes these tools far less resilient to adversarial environments.
Can "they" stop every Bitcoiner from keeping 12 words safe? No.
Can "they" stop a few popular mints from operating? Absolutely.
Seth For Privacy
npub1tr…w2y5g
2024-05-23 17:54:59
Author Public Key
npub1tr4dstaptd2sp98h7hlysp8qle6mw7wmauhfkgz3rmxdd8ndprusnw2y5gPublished at
2024-05-23 17:54:59Event JSON
{
"id": "e350dbabc86d9230f9ccbf8c335bef54774f2b02688b2c515a67eeb15b59068b",
"pubkey": "58ead82fa15b550094f7f5fe4804e0fe75b779dbef2e9b20511eccd69e6d08f9",
"created_at": 1716479699,
"kind": 1,
"tags": [],
"content": "If the only solution for Bitcoiners to have private payments is custodians (be it e-cash, Fedimints, etc. as is all the rage) then Bitcoin will simply be dead for me. Feels like the ultimate cop-out.\n\nCustody is the line in the sand that cannot be crossed. Custody not only opens up immense risk for loss of funds, it also makes these tools far less resilient to adversarial environments.\n\nCan \"they\" stop every Bitcoiner from keeping 12 words safe? No.\n\nCan \"they\" stop a few popular mints from operating? Absolutely.",
"sig": "9428646bf747d88f18cbf1bbc033dd9f75b9538d49912c525512cbf1957a7ef1e856aab9126b2975637519a5e340a88aa7e5dd7475eccad566eefa2a9ca6c593"
}