Phil Lac on Nostr: Unpopular take: Bitcoin is not ready for the #Palestine & the #Israeli. I see some ...
Unpopular take: Bitcoin is not ready for the #Palestine & the #Israeli.
I see some posts about how bitcoin will help the Palestine normies. But i don't know. Bitcoin self-custody is hard, and it's even harder to work out a working bitcoin inheritance plan.
I mean, how do you keep a recovery key backup in a safe place where things are blown up everywhere and you're trapped and constantly under surveillance? How do you setup a multisig when people around you can be killed at any moment? Can you make a urgent payment in a hospital with no internet? Will you survive a 5-dollar wrench attack for a desperate father who'll do anything to keep his daughter alive another day?
Life is precarious there, even, to a much lesser degree, to the Israelis. What if you're killed from a sudden attack and those precious sats you hodl in the hope that your children will one day see a brighter future are also gone with you?
As much as I love #bitcoin, i think #gold, or some hard fiat like USD, is better for them there. Bitcoin as a technology needs to improve to help the billions in eventualities such as this crisis.
I see some posts about how bitcoin will help the Palestine normies. But i don't know. Bitcoin self-custody is hard, and it's even harder to work out a working bitcoin inheritance plan.
I mean, how do you keep a recovery key backup in a safe place where things are blown up everywhere and you're trapped and constantly under surveillance? How do you setup a multisig when people around you can be killed at any moment? Can you make a urgent payment in a hospital with no internet? Will you survive a 5-dollar wrench attack for a desperate father who'll do anything to keep his daughter alive another day?
Life is precarious there, even, to a much lesser degree, to the Israelis. What if you're killed from a sudden attack and those precious sats you hodl in the hope that your children will one day see a brighter future are also gone with you?
As much as I love #bitcoin, i think #gold, or some hard fiat like USD, is better for them there. Bitcoin as a technology needs to improve to help the billions in eventualities such as this crisis.