Azz on Nostr: Bad actors only get caught out if it it feasible to self custody. If the fees are so ...
Bad actors only get caught out if it it feasible to self custody. If the fees are so high that it's not possible then any custodian can make a killing by running a fractional reserve and bankrupt good actors. Bitcoin gets captured by the banks, just as if the block size was too large for non specialised people to run a node.
If this happens I think Bitcoin will fail to dominate and we have an ecosystem of shitcoins
Published at
2024-06-12 00:54:47Event JSON
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"content": "Bad actors only get caught out if it it feasible to self custody. If the fees are so high that it's not possible then any custodian can make a killing by running a fractional reserve and bankrupt good actors. Bitcoin gets captured by the banks, just as if the block size was too large for non specialised people to run a node. \n\nIf this happens I think Bitcoin will fail to dominate and we have an ecosystem of shitcoins",
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